2017 Easy Tax Update & Inflation Adjustments (3 hrs)

Course Description

2017 Tax Update

This mini-course examines key individual, business, retirement, and estate tax provisions recently enacted or indexed for inflation in an overview format that is easy to reference. The emphasis is on quick access to major tax changes having special meaning to the tax practitioner and return preparer. The course is a great resource and way for professionals and staff alike to easily get the “big chunks” and bring their professional knowledge up to speed.

Major Topics:
* Tax brackets
* Tax credits
* Deductions
* Education credits
* Energy credits
* Retirement plan contributions and phaseout limits
* Gift and estate taxes

Course Information

Price: $47
Course No. M145
Format: Online pdf (108 pages). Printed book available for addl. $15 plus s/h.
Prerequisites: None
Advance Preparation:None
Level: Overview
CPE Credit: 3 Hrs.
Field of Study: Taxes
Course expiration:  You have one year from date of purchase to complete the course.
Course Revision Date: January 2017

Objectives

Upon completion of this course participants should be able to:
1. Recognize the various issues affected by inflation and recent tax law changes especially as they relate to individual income taxes by noting the various income tax brackets, the kiddie tax, the AMT phaseout limits and contribution limits to HSAs, and identify the mechanics of selected income tax credits, including education and energy credits.
2. Determine the key business tax issues affected by inflation adjustments and recent legislative changes, including bonus depreciation, expensing, standard mileage rates, work opportunity credit, and S corporation developments.
3. Specify the differences between various retirement plans, including inflation adjusted contribution limits and phaseout limits, and determine estate taxes by identifying trust income tax rates and determining interest on estate tax installments.
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