mcc2023
PDF Book
Self-Study
Basic
125 Minutes
Major Topics
Learning Objectives
- Identify the various deductions related to medical costs by a. Recognizing the differences between deductible and nondeductible items including the types of deductions for dependents; and b. Specifying the basic characteristics of Health Savings Accounts (HSAs) and the tax consequences of withdrawals from HSAs and determining self-employed health insurance.
- Recognize the charitable contribution provisions, identify how contributions of cash, property, and services affect deductibility of contributions of the different types of charitable contributions, and specify the requirements related to substantiation.
- Determine what constitutes casualty losses, theft losses, and losses on deposits and recognize the issues related to the deductibility of these losses.
Course Description
We may all confront issues that directly impact how much we can deduct. This course is designed for participants who want to explore and examine the tax consequences of medical costs, charitable contributions, and casualty and theft losses, especially in relation to their deductibility. The emphasis is examining a wide variety of situations related to these items and the extent to which they may or may not result in a deduction and what limitations on deductibility may be imposed.
Compliance Information
Advanced Preparation
None
Field of Study
Taxes
Credits
2.5 Credits
Published Date
January 27, 2023
Revision Date
March 25, 2024Course Authors
Danny Santucci
Huntington Beach, CA
Author, Santucci Publishing
All of our self-study courses are NASBA approved (through our partners at K2 Enterprises) the revisions to the Statement on Standards for Continuing Professional Education (CPE) Programs (Standards).
Your Registration Includes:
- Course materials (video & PDF version)
- Unlimited attempts to complete exam
- Course materials (PDF & Sample Materials)
- Instant grading & certificate of completion
- One year access to complete your CPE
- Completion certificate
