Description:

This book is for preparing 2024 taxes. Tax planning is an essential part of the services you offer. This textbook covers common situations you’ll need to fully understand to develop appropriate tax strategies for your clients. Trending topics include how to correct missed depreciation on rental properties, handling the first year of an estate, how to use the home office deduction for different business owners as well as common issues tax pros encounter with both S corporations and partnerships. To help clarify the practical application of tax strategies, we’ll include examples that demonstrate how tax planning can be customized to meet the unique needs of different clients.

• Identifying when a taxpayer has missed depreciation
• Preparing form 3115
• Outlining the reporting requirements for an estate during the first year
• Determining when to file Form 706 to utilize DSUE portability
• Summarizing the requirements for a home office deduction
• Preparing Form 8829
• Outlining common S corporation issues including making a late S election, determining reasonable shareholder compensation and handling asset ownership issues 

Product Details:

Item Number: 24302

Level: Update

Authors: NATP Staff

Published: 2024

Format: Print 

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Corresponding CPE Courses:

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