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CPE Self-Study
Individual Tax Fundamentals - Tax Staff Essentials
NASBA FIELD OF STUDY
Taxes
LEVEL
Basic
CPE CREDITS
Online: 12.5
Provides participants and tax professionals up-to-date information on critical tax issues, giving them an outstanding foundation in the federal tax arena for individuals

Tax Section Members Receive Additional Savings!

When you log into this website with your AICPA member user account, the section/credential discount will be automatically applied during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or service@aicpa.org.

Find out more information on the Tax Section.

CPE On-Demand
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Product details

Sort through the maze.

Who Will Benefit?

  • CPA working with clients or employers requiring up-to-date expertise in individual income taxation for the current tax season

Learning Objectives

  • Determine the filing status and interpret the filing requirements for individual taxpayers
  • Determine gross income inclusions and exclusions around dividends and interest
  • Differentiate the taxability of deferred income, Social Security benefits, and other taxable income
  • Apply the specific rules for the deductibility of travel and entertainment expenses as they relate to business or rental transactions in preparing income tax returns
  • Recognize Education related expenses and the rules for Health Savings Accounts
  • Distinguish between standard and itemized deductions including medical expenses, interest, taxes, charitable contributions, theft losses, and miscellaneous deductions
  • Gather the necessary information required to include tax credits on an individual tax return
  • Recognize when the Medicare Payroll Tax will impact an individual
  • Identify the applicability of the Medicare tax on Net Investment Income

Key Topics

  • Filing requirements and personal exemptions
  • Gross income inclusions, exclusions, and adjustments
  • Travel and entertainment
  • Standard and itemized deductions
  • Tax credits
  • Tax phase-out provisions for high income taxpayers
  • 3.8% Net Investment Income Tax
  • Income exclusions
  • Hot tax planning strategies for individuals and small businesses
  • Roth IRA, IRA and retirement plan options

Save when you buy the complete Tax Staff Essentials, Level 1 online bundle.

The Internal Revenue Code has a very complex set of provisions impacting individual taxpayers who desire the most current tax planning and tax-saving strategies for their tax plans.

Equipped with course materials that include the impact of the Tax Cuts and Jobs Act of 2017 (TCJA) tax reform law, this CPE self-study course provides participants and tax professionals up-to-date information on critical tax issues, giving them an outstanding foundation in the federal tax arena for individuals.

Join us for this face-paced, real-world session and make sure you are taking advantage of present opportunities and preparing your clients for the future.

Table of contents
Ratings and reviews
Author(s)

Wendy E. Kravit, CPA

Wendy Kravit, CPA, MBA started her career working for the Internal Revenue Service as a Revenue Agent. After spending a few years with the government, she left the Service and joined the faculty of Northern Illinois University where she taught federal taxation in both the undergraduate and graduate programs. She also operated a sole proprietorship in Northern Illinois where she specialized in tax and representation before the IRS. She sold her practice in Illinois and moved to Maryland in 2004 where she continues to teach and consult.

Ms. Kravit had been an active member of the Illinois CPA Society where she served on the Tax Executive Committee for many years. She was a steady member of the task force and occasionally the Chairman for the Annual Illinois CPA Society Federal Tax Conference. She has reviewed textbooks for publishers and she has written tax articles for various publications including the Tax Advisor.

Currently, Ms. Kravit is a former member of the AICPA's IRS Practice and Procedures Committee. Wendy is author of several continuing education tax courses for the AICPA.

Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 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 specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.

Price:
$249.00
Member Quantity:
Nonmember Quantity:
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Estimated total:
$249.00
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CREDIT INFO
CPE credits
Online
: 12.5
NASBA Field of Study
Taxes
Level
Basic
Prerequisites
Knowledge of individual income taxation and Form 1040 preparation
ADVANCE PREPARATION
None
Delivery Method
QAS Self-Study
Course acronym
TSE.ITF
GROUP PRICING
Contact a representative for group pricing.
Telephone: 800.634.6780 (Option 1)
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