Agenda

COURSE OUTLINE:

Orientation – Familiarity with Materials Homework assignments and Study Buddy arrangements

Lecture 1 – The big Picture – Overview of the U.S. tax return

Lecture 2 – First piece – Exemptions & Filing Requirements & Names

Lecture 3 – Favorite piece – Income – Interest, Dividends, Social Security Income, Retirement Income

Lecture 4 – Juicy piece – Overview of Adjustments to Income

Lecture 5 – Sample piece – Reviews of the Tax Return Samples 1, 2, 3.

Lecture 6 – Misunderstood piece- Itemized Deductions and Employee Business Expenses

Lecture 7 – Special piece – Credits, Additional Taxes

Lecture 8 – Giving piece – Estate and Gift Taxes

Lecture 9 – Missing piece – Understanding Basis

Lecture 10 – Political piece – Understanding Depreciation

Lecture 11 – Making your piece – Fundamentals of Capital Gains & Losses

Lecture 12 – Extra piece – More Sales and Exchanges

You will get data from sample clients to input into your free software – or your own software. You will get profiles of three different clients, with different levels of complexity. All of them will address the Making the Work Pay issue.

• Simple – senior with dividends, interest , pension and Social Security
• Involved – Couple with children, 1 job and 1 student, owning a home, with child care, green issues
• Complex – Similar couple, with stock sales, employee business expenses and more

Note: We will not be covering clients with businesses or rentals.