Courses by Category
Accounting CPE Auditing CPE Business Law CPE Business Management CPE Information Systems CPE Ethics CPE Financial Planning CPE Governmental Accounting CPE Non-Profit Accounting CPE Real Estate CPE Taxation CPE Book CPE CoursesList All Products |
|
Advanced Search |
|
Download Area | |
Show Cart | |
Your Cart is currently empty.
|
Our system emails course materials automatically.
Please make sure to check your SPAM/Junk folder for your Course Materials.
Medical Charitable and Casualty 2021 - 3 CPE Credit Hours |
||
Price per Unit (piece):
$44.95
|
||
We may all confront issues that directly impact how much we can deduct. This course is designed for participants who want to explore and examine the tax consequences of medical costs, charitable contributions, and casualty and theft losses, especially in relation to their deductibility. The emphasis is examining a wide variety of situations related to these items and the extent to which they may or may not result in a deduction and what limitations on deductibility may be imposed. Completion Deadline & Exam: This course, including the examination, must be completed within one year of the date of purchase. In addition, unless otherwise indicated, no correct or incorrect feedback for any exam question will be provided. Course Level: Overview. This program is appropriate for professionals at all organizational levels. Field of Study: Taxes Prerequisite: General understanding of federal income taxation. Advanced Preparation: None Learning Assignment & Objectives As a result of studying the assigned materials, you should be able to meet the objectives listed below. ASSIGNMENT At the start of the materials, participants should identify the following topics for study: * Deductions for medical costs * Health Savings Accounts * Health insurance for the self-employed * Limitations on charitable contributions * Contributions of cash * Contributions of property * Contributions of services * Substantiation * Casualty and theft losses * Disaster area losses *Losses on Deposits Learning Objectives After reading the chapter, participants will be able to: 1. Identify the various deductions related to medical costs by a. Recognizing the differences between deductible and nondeductible items including the types of deductions for dependents; and b. Specifying the basic characteristics of Health Savings Accounts (HSAs) and the tax consequences of withdrawals from HSAs and determining self-employed health insurance. 2. Recognize the charitable contribution provisions, identify how contributions of cash, property, and services affect deductibility of contributions of the different types of charitable contributions, and specify the requirements related to substantiation. 3. Determine what constitutes casualty losses, theft losses, and losses on deposits and recognize the issues related to the deductibility of these losses. After studying the materials, answer the exam questions 1 to 15. |
||
Customer Reviews:There are yet no reviews for this product.Please log in to write a review. |
||