Description
Note: This course was previously titled Income Tax Planning.
Explains rules for calculating the taxable income computation, using expenses as deductions regarding taxable income, and how to compute alternative minimum tax. Examines tax considerations with capital gains and losses and examples of exclusions from gross income. Describes the benefits of gifting and how to treat passive activity tax situations.
Explains the advantages of tax credits, how estimated tax is calculated, and considerations for a decedent’s final tax
return.
