Discuss the common errors practitioners make on individual tax returns that are often missed by review staff. Then, learn about FICA, the Medicare tax, and more.
DESIGNED FOR
CPAs working with clients requiring up-to-date expertise in individual income taxation for the current tax season.
BENEFITS
- Master passthrough K-1, home office issues, hobby losses, rental property, hiring spouses, depreciation, §179 issues, amortization and more
- Understand the long-term future of Social Security and Medicare
HIGHLIGHTS
MORNING SESSION (8:30am-12:00pm): Reviewing Individual Tax Returns: What Are You Missing?
- Identify common mistakes made on individual tax returns
- Determine strategies to avoid making mistakes on individual tax returns
AFTERNOON SESSION (1:00-4:30pm): Social Security and Medicare: Maximizing Retirement Benefits
- The role of the Social Security Administration and how FICA applies to the funding of Social Security, and Medicare benefits
- Benefit eligibility issues
- Social Security benefits, including survivor benefits
- Disability income benefits and the multiple factors that can impact those benefits
- Coverages and costs associated with Medicare and what it does not cover
COURSE LEVEL
Intermediate
PREREQUISITES
Basic knowledge of individual income taxation and Social Security and Medicare
ADVANCE PREPARATION
None
ADDITIONAL NOTES
- Half-day options include lunch (12:00-1:00pm).
- This course does not qualify for the AICPA discount.
Help Feed Those in Need- The NJCPA Emerging Leaders Council is hosting a Food Drive to benefit the Community FoodBank of New Jersey. Please bring your nonperishable items and canned goods to this event. Peanut butter and tuna fish are always needed.