CPE Self-Study

Annual Tax Update: Individuals and Sole Proprietors

  • $169.00-$219.00
    Annual Tax Update: Individuals and Sole Proprietors In Stock Product #: 733709
    AICPA Member: $169.00
    Non-Member: $219.00
  • $159.00-$199.00
    Annual Tax Update: Individuals and Sole Proprietors Online Access Product #: 164321
    AICPA Member: $159.00
    Non-Member: $199.00
  • Contact Sales
    Contact a representative for group pricing or on-site training opportunities. 800.634.6780 (Option 1) | Contact Us Product #: GT-TSUI

Get ready for the upcoming tax season! This comprehensive CPE course presents what's new and what has changed in the federal individual income tax arena. It brings you up-to-the-minute guidance on the latest tax legislation, court decisions, and IRS pronouncements. Gain practical insights and valuable tax-saving strategies from AICPA's seasoned tax professionals who know what the new laws, rules, and court rulings can mean for real-world taxpayers. With the ever changing tax laws and their increased complexity, you can't afford to miss this course!

Learning Objectives

This course will prepare you to:

  • Identify the PATH Act extenders related to income
  • Recall the rules for information reporting of payments to non-employees
  • Recognize when settlement proceeds will not be taxable
  • Recognize the requirements for HSA contributions
  • Identify requirements for charitable contributions
  • Recognize instances where business expenses will not be deductible
  • Recognize hobby loss criteria
  • Identify the circumstances under which a real estate loss may be considered ordinary
  • Identify the annual inflation adjustments related to 2016 returns
  • Recall the purpose and use of Form 1098-T, "Tuition Statement"
  • Calculate the gift tax exclusions in various circumstances
  • Select the basis of property inherited from a decedent
  • Calculate the penalties for late filing of information returns

Key Topics

  • Latest tax legislation, court rulings, and IRS pronouncements related to individuals and sole proprietors
  • Practical return preparation tips
  • Latest developments for pass-through entities that affect Schedule C and Schedule E
  • Tax-saving ideas
  • Unique insights into new planning strategies
  • Latest IRS rulings affecting individuals
  • Latest developments on estates, gifts, and trusts
  • Depreciation and amortization

System Requirements

About the Authors

Charles Borek, Esq. MBA, CPA

Columbia, MD

Chuck Borek is a CPA and attorney with over 20 years of professional experience dealing with both business and nonprofit clients and has served in the capacity of officer and board member for several entities. He is also an award-winning speaker on a variety of accounting topics, having conducted over 300 live and web-based presentations across the country.

After serving for several years as a partner in a regional CPA firm in the Washington, DC area, Chuck founded The Borek Group, LLC, which develops professional education materials for both CPAs and lawyers. He concurrently acts as a consultant to the Columbia, Maryland firm of Davis, Agnor, Rapaport & Skalny, LLC.

In addition to his professional experience, Chuck has taught graduate students at American University and at the University of Baltimore and undergraduate students at Prince George's Community College in Maryland, where he held the position of Associate Professor of Accounting from 1998 to 2003. He is also a former Commissioner on the Howard County (Maryland) Pension Oversight Commission. Chuck has authored multiple books, articles, and professional publications for many organizations, including AICPA and BNA. He is currently working on several projects for a variety of publishers.

About the Publisher


About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.

Product Reviews