• This course will review, explain, and discuss best practices for many valuable business and rental activity credits and deductions. Substantial federal tax savings are available with the Section 199A QBI deduction, pass-through elective tax deduction (PTET), accelerated depreciation deductions, favorable retirement plan funding deductions, shareholder, partner, and owner health insurance deductions, vehicle deductions, and home office deductions. Plus business credits including the R&D credit, employer’s tips credit, employer’s credits for employee benefits, and more.

 

  • Learning objectives:
  • 1) Learn valuable business deductions and credits.
  • 2) Identify taxpayers who may be eligible for these business deductions and credits.
  • 3) Determine best practices for implementing and complying with the elements of deductions and credits.
  • 4) Develop valuable methods for working with clients related to business credits and deductions. Opinions expressed by Ms. Ryder are solely her own and do not necessarily express the views or opinions of TaxAct Professional.

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