Available in:

OnDemand Course

Fundamentals of Military Tax

Learn how best to advise your clients on tax strategy and planning as they grow in their military career, retirement, or post-service employment.

Members of the military receive special consideration in the tax code in areas such as gross income calculation, sale of home, and filing requirements. The frequent moves and deployments that many military members and families face results in varying situations from one year to the next. Many members of the military utilize the free tax preparation services offered to them aboard the military installations. Often, the military members do not see the same tax preparer in consecutive years. Understanding the military tax benefits will allow you to create relationships with these military members who will trust you and return to your services year after year. You will be able to advise them on tax strategy and planning as they grow in their military career and into retirement or post service employment.

64 minutes
Course Exam
Certificate of Completion
Purchase Options

Add to Wishlist

More Program Information

Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

What Is Included and Excluded From Gross Income?

  • Combat Pay
  • Allowances
  • Moving Expenses

Deductions and Credits

  • Itemized Deductions
  • Child and Other Dependent Tax Credits
  • Earned Income Credit

Sale of Home

  • 5 Year Test Suspended
  • Reduced Exclusion Due to Rental
  • Foreclosure

Filing Requirements

  • Filing and Extension
  • Alien Spouses
  • State Taxes-Service Members Civil Relief Act

Taxes After the Military

  • Va Benefits
  • Military Retirement
  • Tax Forgiveness for a Decedent
Purchase Options

Add to Wishlist

More Program Information

Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on September 29, 2022.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Purchase Options

Add to Wishlist

More Program Information

Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Kristen Morgan

Kristen Morgan

Kristen's Tax Service

  • Owner: Kristen’s Tax Service
  • Specializing in military tax, residential rentals
  • Speaker for Syracuse University Warrior Scholar Project program 2022
  • Marine Crops Veteran, Member of NAEA
  • Master of Taxation from American University
  • kristen@kristenstaxservice 951-973-3740
Purchase Options

Add to Wishlist

More Program Information

Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 409720
Published 2022
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!