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Seminar

Selected Topics in Individual Tax

Register for this course:

The meeting times for this class are in the past. Please check here for additional meeting times.

Meeting Times:

Wednesday, August 29, 2018 8:30:00 AM - Wednesday, August 29, 2018 4:30:00 PM
(The meeting times for all courses are expressed in Mountain Time.)

Price:

This course is in the past and can no longer be purchased.

Location:

CPE4U Colorado
4380 S Syracuse St Ste 110
Denver, CO 80237
(View on Map)

Delivery Method:

If attending in the CPE4U classroom or a Colorado hotel, the delivery method is Group Live.
If attending over the Internet (online), the delivery method is Group Internet Based.

Credit Hours:

5.0 IRS Federal Tax Law MF2AY-T-00647-18-I,O
3.0 IRS Federal Tax Update MF2AY-U-00646-18-I,O

Field of Study:

Taxes - Technical (Individual Income Taxation)

Course Level:

Intermediate

Prerequisites:

Basic understanding of individual taxation

General Description:

Participants will review the rules, cases, and regulations that apply to common problems involved in preparing an individual income tax return. Specific areas will be explored in depth.

Learning Objective:

After completing this course the participant will be able to:

  • Discuss the latest changes and legislative developments affecting individuals, including the Inflation Reduction Act and the CAA of 2023 and the continuing impact of the Tax Cuts and Jobs Act, including the treatment of digital assets.
  • Identify common problems encountered in marital dissolutions, including dependency exemption, child support, sale of residence, and transfer of an interest in a retirement plan.
  • Calculate the deduction for qualified business income under §199A and the forthcoming legislative changes to the §199A deduction.
  • Identify the types of individuals who are subject to the 3.8% Medicare tax and the forthcoming changes to the 3.8% tax on Form 8960.
  • Calculate the Kiddie Tax and differentiate between filing Form 8615 and Form 8814.
  • Discuss common self-employment tax problems, including SE tax for LLC/LLP members and CCA 202151005.
  • Discuss the appropriate 2023-2024 inflation adjustments, including the definition of a luxury auto.
  • Discuss principal residence issues, including the sale of a principal residence with a home office or an Airbnb, and identifying acquisition debt and home equity debt, including the new rules for qualified principal residence indebtedness and the COD rules.
  • Discuss the rules that apply to vacation homes, the home office deduction, and when commuting expenses are deductible.
  • Discuss the IRS guidance on meals provided by a restaurant.
  • Discuss deductibility of expenses from a PPP loan and requirements to claim the Employee Retention Credit.
  • Discuss the rules for distributions from retirement plans and IRAs after the Inflation Reduction Act.
  • Discuss the passive activity loss rules, including self-charged interest, as well as the limit on the amount of losses deductible under §461(l) and Form 461.
  • Discuss the rules that apply to the calculation of depreciation, including bonus depreciation, luxury automobiles, half-year and mid-quarter conventions, §179 additional first-year depreciation, and qualified improvement property.
  • Discuss the installment sale rules and the repossession of property sold for an installment note.

Instructors:

Mark A. Vogel is a retired professor and director of the University of Denver Graduate Tax Program, where for 38 years he taught courses in individual, fiduciary, tax accounting, partnership, and corporate taxation. He is the author of Divorce Taxation Guide (John Wiley & Sons) and Individual Taxation (Shepards/McGraw-Hill). He received a J.D. and LL.M. in Taxation from the University of Denver College of Law and an undergraduate accounting degree from the University of Notre Dame. He is also a CPA licensed in Illinois.

Related Courses:

Seminar Name Date Location

CPE4U Colorado provides continuing professional education seminars for accountants, attorneys, enrolled agents, and tax return preparers in Denver and Grand Junction, Colorado. These classes range from two hours to two days in duration and are scheduled on weekdays from April 22, 2024, through February 7, 2025. Classes taught in our own classrooms are also broadcast live over the Internet.

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Contact Us

CPE4U Colorado
4380 S Syracuse St Ste 110, Denver, Colorado 80237
720-389-5900 · Fax 720-708-3246
info@cpe4ucolorado.com

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