Overlooked Tax Breaks: Tax Saving Elections, Deductions, and Benefits
Investment Interest Election, Section 266, Bad Debt, MFS, Tax-Benefit Rule
Note: CLE credit is not offered on this program
A live 110-minute CPE webinar with interactive Q&A
This webinar will analyze many opportunities to lower federal income tax that are often overlooked and misunderstood but that taxpayers and tax professionals should routinely consider. Our panel of federal tax veterans will provide explanations and examples for elections, deductions, and other tax positions that could generate significant tax savings for individual income taxpayers.
Outline
- Introduction
- Investment interest
- Section 266
- De minimis safe harbor
- Bad debt
- Itemized deductions
- Filing separately
- Tax benefit rule
- Section 179
- Qualified charitable distributions
- Other elections and deductions
Benefits
The panel will cover these and other critical issues:
- When the benefits of making the investment interest expense election outweigh the caveats
- When the election to capitalize interest, taxes, and carrying costs under Section 266 should be considered
- Applying the tax benefit rules in specific situations
- Properly making and qualifying for a non-business bad debt deduction
- Situations where filing separately can be beneficial
Faculty
S. Kathryn Kucera
Owner
S Kathryn Kucera, CPA
Ms. Kucera focuses on individual income tax returns that are complex and data-intensive. She prepares most types of tax... | Read More
Ms. Kucera focuses on individual income tax returns that are complex and data-intensive. She prepares most types of tax returns, including income tax returns for individuals, trusts, partnerships, LLCs, S-corporations, and private foundations. Ms. Kucera can also assist with state income tax returns, sales tax filings, franchise tax returns, and a variety of others.
Closeto be announced.
Early Discount (through 05/17/24)
CPE credit processing is available for an additional fee of $39.
CPE processing must be ordered prior to the event.
See
NASBA details.
Cannot Attend June 12?
Early Discount (through 05/17/24)
CPE credit is not available on downloads.
CPE On-Demand