Other Income - Taxable or Not?
Includes a Live Event on 05/27/2021 at 2:00 PM (EDT)
Many of your clients may earn income in a variety of ways or an unusual one-time income event. Identifying how various types of income are reported on the federal income tax return can be very confusing. During this session we will examine when a refund, credit, or offset of income taxes received may have to be reported as additional income, various types of income and losses and how they are reported, and the tax treatment of alimony received. We will also identify how net business income or loss is reported, and which types of income and losses are reported on Schedules E and F. Included in this session are real life examples, scenarios, and resources to keep you in compliance and help your clients make the most of these benefits.
IRS CE: 1 Hours/Federal Tax Law
NASBA CE: 1 Hours/Federal Tax Law
CTEC CE: 1 Hours/Federal Tax Law
NSA Webinar Program Level: Basic Prerequisites: None Advance Preparation: None Delivery Method: Group-Internet Based
No refunds or exchanges for cancellations. For more information regarding refund, complaint and/or program cancellation policies, please contact NSA toll-free at 800-966-6679.
NSA is approved by NASBA, the IRS, ACAT, and CTEC as a provider of continuing professional education.
Christine Freeland, CPA, ABA, ARA, CSA
Christine graduated from the University of Akron (Ohio) with a Bachelor of Science Degree in Accounting. After a few years of corporate accounting she ventured into the tax preparation business. Working from home while studying for my CPA certification and having my four children. We have added five grandchildren to the mix also. I received my CPA license which allows me to represent my clients with the IRS and the AZ Department of Revenue in tax matters.