Gear Up 1040 Tax, Annapolis, MD

EVENT OBJECTIVE

By the end of this seminar, you should be able to:
• Identify changes to the kiddie tax calculation;
• Apply the rules of penalty assessment and abatement;
• Evaluate changes to itemized deductions and determine the credits that are available to taxpayers
including CORONA-19 related credits, and identify reporting required to “reconcile” the EIPs;
• Recognize changes to education credits and deductions, and evaluate rules associated with debt
discharge;
• Apply the rules of retirement plan accumulation and distribution;
• Determine the correct reporting of interest, dividends, and capital gains, and identify current IRS
issues;
• Implement sound strategies to safeguard confidential taxpayer information;
• Identify the basics of reporting Schedule C self-employment income and expenses;