Finding Tax Loopholes and Reducing Tax Liability For Your Clients (Currently Unavailable)

Now more than ever, tax payers are looking for a break. Get a refresher, plus new tips, on ways to reduce your clients' tax liability. This eight course bundle will dive deeper into well-known write-offs, like the vehicle deduction, as well as cover changes to other federal tax credits for common things, such as financing an education or selling your home.

Every practitioner at some point will be asked questions related to the tax consequences of buying and selling a personal residence. This course will provide an overview of the rules related to selling the family home during life and after death. Planning tips will also be discussed to enable clients to save taxes on the sale or transfer of their largest asset.
This course will cover the tax rules for cars, light trucks, and vans.
Education Tax Benefits examines the programs, credits, deductions and federal income tax treatment of various items that affect saving for and financing an individual’s education. In so doing, it considers qualified tuition programs (QTPs), Coverdell education savings accounts (ESAs), the education savings bond program, federal tax credits for education, the federal tax treatment of scholarships, fellowships, grants and tuition reductions and the deductions available for student loan interest, tuition and fees.
Several law changes were made in 2020 to address the COVID-19 pandemic. The changes affecting individual tax compliance and planning, including charitable contributions, NOL carrybacks and retirement plan distributions, will be explained. IRS guidance on TCJA provisions including for the SALT deduction are covered along with IRS rulings and reminders on how some longstanding rules apply during sheltering in place and working from home, security reminders and changed IRS procedures as the IRS operates under changed circumstances.
This course provides information on tax strategies to help reduce your clients’ taxes, explains how extra tax assessments (AMT, SE, etc.) can be reduced. You will learn about often overlooked credits and deductions. And you will get the tools to make you a hero to your clients and perhaps their bosses.
This course covers the gig economy, Schedule C tips and traps, alimony updates, employer amnesty, and more. Learn how to how to implement tax breaks that impact the Federal 1040 return.
These monthly update courses provide an opportunity to stay on top of developments that directly and indirectly affect your clients and practice. The focus is on key guidance from legislation, tax agencies and the courts that represent new interpretations, as well as guidance on new laws.
How Can You Maximize Deductions under Tax Reform?
Total: 8 courses (17 CPE hours)

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