Prepare your 1040 correctly with knowledge of deductible expenses and what qualifies for a correct deduction.
This presentation is intended to provide attendees with a better understanding of current standard deductions and reviews deductible medical expenses, deductible charitable contributions, deductible interest, and deductible taxes. Limitations on these deductible expenses are also discussed. In addition, the course reviews the effect of the Jobs Cuts and Jobs Act on the following itemized deductions: charitable contribution deductions, including which organizations qualify to receive deductible contributions, how different types of contributions are handled, and substantiation requirements; casualty and theft losses; unreimbursed employee business deductions; and other miscellaneous itemized deductions. It also discusses the phase-out for high-income taxpayers.
Learning Objectives
- You will be able to define the standard deduction and itemized deductions.
- You will be able to explain how the major itemized deductions work.
- You will be able to identify deductions that are suspended until December 31, 2025.
- You will be able to recognize planning opportunities for 2024 and 2025.
Agenda
Speakers
Warren M. Bergstein, CPA,
Adelman Katz & Mond LLP- Partner with Adelman Katz & Mond LLP
- More than 40 years of experience in tax preparation, trust and estate administration, personal financial planning and accounting
- Adjunct professor of accounting and taxation at Long Island University
- Writes for professional journals and lectures extensively before professional audiences on a variety of tax and financial planning topics
- M.S. degree in taxation, with distinction, Long Island University; B.B.A. degree in accounting, Bernard M. Baruch College, City University of New York
Who Should Attend
This live webinar is designed for accountants, CFOs, controllers, accounts payable professionals, tax managers, tax preparers, presidents, attorneys, vice presidents, bookkeepers and enrolled agents.
