2021 Tax Update For Individuals
After completing this course, the learner should be able to:
- Define the hierarchy of authority in tax law.
- Identify and apply the rules for determining filing status.
- Understand and apply the dependency definition rules.
- Identify what is included and excluded from gross income.
- Apply the rules for classifying, netting, and reporting capital gains and losses.
- Recognize the rules for determining adjustments in arriving at adjusted gross income.
- Identify the rules related to contributions to and distributions from the different types of IRAs.
- Recognize the rules for determining itemized deductions and the related limitations.
- Calculate income tax and recognize rules for calculating credits.
- Recognize the rules for calculating other taxes (e.g., Alternative Minimum Tax liability).
Stan earned his bachelor’s degree in Business Administration from California State University, Northridge in 1980. He now runs a two-office tax, accounting and consulting practice in Oakland and San Francisco, California. The practice focuses on high net worth individuals and small businesses, providing quality, personalized financial and tax guidance. Stan has taught continuing education courses to practitioners throughout the country on a regular basis for over 10 years. Stan has been a regular guest on a local radio talk show discussing taxes and has been quoted several times in local papers. He previously taught accounting courses in junior colleges in Southern California.
Becker Professional Education Sponsor I.D. Numbers NASBA: 107294, New York: 002087, New Jersey: 20CE00226700, Texas: 009580, Ohio: CPE.186, Illinois 158.002405, Pennsylvania: PX177823