Learn year-end tax strategies that will increase income tax savings and benefits.
U.S. Taxpayers are getting ready for the impact of the recent U.S. Election and the changes to tax law and tax reform under the Tax Cuts and Jobs Act of 2017, the CARES Act of 2020, and American Rescue Plan of 2021. Each of these may be set to expire after 2025, but the issues may continue to impact all taxpayers. This topic will share tax planning strategies that have not changed but are easily overlooked for individuals and businesses, including changes in tax benefits that apply now more than ever. We now live and work in a remote workplace and employees must face issues outside of the office. The range of topics include managing deductions and credits for both the employed and self-employed.
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Why Lorman?
Over 38 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
Overlooked Tax Benefits for Individuals and Employees
- Tax Benefits for Individual Tax Returns
- Relief From Tax Filing and Payment Dates
- New Issues and Reporting in Cryptocurrency
- Capital Gains and Dividend Rates
- Retirement and Employee Benefits
- Investment and Trading Activities
- Remote Work and Home Office Expenses
- Claiming Deductions Without Itemized Expenses
Tax Benefits for Small Business and Sole Proprietorships
- Claiming a Home Office Deduction for Business
- QBI Deduction for Flow-Through Business
- Depreciation Alternatives and Tax Elections
- Reinvestment in Real Property and Personal Property
- Current Updates on Claiming Business Losses
- Year-End Planning for Tax Liabilities
Tax Planning for Claiming Tax Credits and Refunds
- Education and Retirement Credits
- Child Tax Credits and Extra Tax Credits
- Home Improvement Credits
- Employee Retention Credit
- State Credits for Multiple States
- Research Credit and Work Opportunity Credit
Top Examples for Year-End Planning Strategies
- Managing Level of Income for More Benefits
- Claiming Tax Losses for Past/Future Benefits
- Timing and Reporting of Income Under Cash Method
- Claiming Excess Deductions and Credits
- Home Office Deduction and Managing Limitations
- Investment Gains and Losses Planning
Overlooked Tax Benefits for Individuals and Employees
- Tax Benefits for Individual Tax Returns
- Relief From Tax Filing and Payment Dates
- New Issues and Reporting in Cryptocurrency
- Capital Gains and Dividend Rates
- Retirement and Employee Benefits
- Investment and Trading Activities
- Remote Work and Home Office Expenses
- Claiming Deductions Without Itemized Expenses
Tax Benefits for Small Business and Sole Proprietorships
- Claiming a Home Office Deduction for Business
- Qbi Deduction for Flow-Through Business
- Depreciation Alternatives and Tax Elections
- Reinvestment in Real Property and Personal Property
- Current Updates on Claiming Business Losses
- Year-End Planning for Tax Liabilities
Tax Planning for Claiming Tax Credits and Refunds
- Education and Retirement Credits
- Child Tax Credits and Extra Tax Credits
- Home Improvement Credits
- Employee Retention Credit
- State Credits for Multiple States
- Research Credit and Work Opportunity Credit
Top Examples for Year-End Planning Strategies
- Managing Level of Income for More Benefits
- Claiming Tax Losses for Past/Future Benefits
- Timing and Reporting of Income Under Cash Method
- Claiming Excess Deductions and Credits
- Home Office Deduction and Managing Limitations
- Investment Gains and Losses Planning
Add to Wishlist
More Program Information
Why Lorman?
Over 38 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 December 20, 2024.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
MP3 Download
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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More Program Information
Why Lorman?
Over 38 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
Thomas M. Kosinski, C.P.A., M.S.T.
Ostrow Reisin Berk & Abrams, Ltd.
- Director of the tax practice of Ostrow Reisin Berk & Abrams, Ltd. (ORBA)
- Offers more than 30 years of experience providing tax planning and technical advice for individuals and the owners of closely held companies
- Provides specialized tax planning services to his clients, which include high-net-worth individuals and business entrepreneurs
- Advises on federal and state tax planning and tax compliance issues for real estate clients and businesses
- Frequent speaker with the Illinois CPA Society covering federal tax updates, IRS representation, individual and corporate tax compliance, and income tax strategies for business transactions
- Member of the American Institute of Certified Public Accountants (AICPA) and Illinois CPA Society and former president of Chicago South Chapter
- M.S. Degree in taxation; B.S. Degree in accounting, summa cum laude, DePaul University
- Can be contacted at 312-670-7444 or [email protected]
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More Program Information
Why Lorman?
Over 38 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.
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