Family Tax Planning Mini (ebook)

  • Credits: 2
  • Format: Self-Study eBook
  • Field of Study: Federal Tax Law
  • Author/Speaker: Danny Santucci, CPA
Course ID: Advanced Preparation: Experience Level:
EWTFM-T-01734-21-S | 6233-CE-0458 None Overview
Published Date: Program Prerequisites: Other Course Formats:
© February 2021 General understanding of Federal Income Taxation Self-Study eBook
COURSE DESCRIPTION

While the nuclear family remains the center point of society, today it is under tremendous economic and social pressure. This mini-course is designed to cover “hot” topics having a direct impact on the practitioner who represents any client with family issues. The emphasis is on using tax solutions to ease family economic concerns permitting the practitioner to be a real tax hero.

Topics include:
  • Filing status & exemptions
  • Divorce costs
  • Child, dependent care & adoption credits
  • Education expenses, credits & deductions
  • Medical costs
  • Charitable contributions
  • Casualty & theft losses
  • Home sales & mortgage interest
  • Property rights
  • Elderly, disabled & estate planning

 

Learning Objectives:

After reading the course material, you will be able to:

  • Recognize the effect of marital status on filing status, identify the advisability of filing a joint return enlight of the innocent spouse rules, specify available exemptions, and determine the differences between deductible and nondeductible divorce costs.
  • Identify the costs and fees that qualify for the tax credit for adoption expenses and education credits, such as the HOPE credit, and cite the requirements for dependent care assistance and the contribution limits for Coverdell ESAs.
  • Determine medical cost deductions available to individuals under §213, specify items qualifying as deductible §163 home mortgage interest, and recognize the taxation of §1041 interspousal transfers particularly as to property settlements.

 

Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Tax Return Preparers (TRPs)

 

Qualifies and Approved with all State Boards of Accountancy and the following sponsorship’s:
NASBA
IRS
CTEC