Topics to be discussed:
• Important Tax Law Changes for 2016 & Affordable Care Act
Who Must File and Individual Federal Income Tax Return? Explain the Filing Status and Exemptions (Personal and Dependency). Discuss refundable and non-refundable credits such as Child Tax Credit, Earned Income Credit, Additional Child Tax Credit and Educational Credits.
• Source of Income: Social Security Benefits, Retirement Income (Credit for the Elderly) and Moving Expenses.
• Foreign Tax Credit, Publication 1321; Capital Gains and Payments of Tax Liability with Practice Exercises.
*Includes practical exercises on each topics.