Through this course, the tax practitioner will:

• understand the legislative changes to federal and state tax law and regulations
• review basic tax law and its application to selected situations
• be equipped to deal with individual taxpayer and business tax issues
• acquire skills to develop a tax research process
• be able to apply recent court rulings and cases in their practices
• appreciate the value of ethical behavior.

Content

• Introduction to federal tax form 1040
• Filing status
• Exemptions
• Dependents
• Income—taxable or not?
• Income reporting
• Adjustments to income
• Expenses—deductible or not?
• Tax payments
• Self-employment
• Agriculture and Natural Resource Issues
• Business Entity Issues
• Payroll and Estimated Tax
• Retirement and Savings
• Ethics
• Current tax laws and filing practices
• Depreciation
• Ordinary vs. capital gains income
• Casualty losses
• IRS issues

FOR WHOM: Accountants, Tax Officers, Tax Administrators, Auditors and others who perform related functions in Public and Private Sectors.

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

Date:

1ST BATCH:       9th – 12th July, 2019        

2ND BATCH:      17th – 20th  December, 2019