Tax Breaks, Tips and Loopholes: Part 2 (Completed)

This course covers Home Mortgage Interest and Acquisition Debt, Schedule C tips and traps, Divorce Related Issues, Net Investment Income Tax, and more. Learn how to how to implement tax breaks that impact the Federal 1040 return.

Part 2 of a 2 part series on a variety of tax strategies.

Who Should Attend
Practitioners at all levels regardless of practice concentration, who would like to learn more about tax planning and legal tax reduction strategies. Also good for taxpayers preparing their own tax returns who want to learn about loopholes.

Topics Covered

• Home Mortgage Interest and Acquisition Debt
• Debt Relief — on Home or Other Loans
• Miscellaneous Income
• Net Investment Income Tax
• Foreign Tax Credit — overlooked strategies
• First Time Abatement Penalty Relief
• Nursing Services, Home Health Care
• Child Care Credits you didn't know about

Learning Objectives

• Recognize how to implement tax breaks that impact the Federal 1040 return

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None