Course Information
Course No: 9922
Course Name: Tax Deduction for Professionals
Course Material: Book: Tax Deductions for Professionals, 4th Edition, by Stephen Fishman
Program content and Learning objectives:
This course provides a comprehensive knowledge of tax deductions available to professionals,
such as lawyers, accountants, dentists, and doctors. It also covers recent tax laws, pros and cons of different forms
of business entity and their tax treatments available to professional practices. The course also addresses retirement
plans, tax treatments of employees and independent contractors, amending tax returns, audit issues, and record keeping.
Many examples are provided in the course material to explain the learning points. After completing this course a
participant will learn how to deduct:
- Start-up and operating expenses
- Health care costs
- Vehicles and travel expenses
- Entertainment and meal costs
- Continuing education expenses
- Professional fees
- Home office and outside office expenses
- Retirement plan expenses
- Inventory costs
- And many more
The objectives of this course are to develop a comprehensive understanding of tax deductions available to professional
practices and teach the techniques and strategies used to maximize the deductions and minimize the income tax.
Course level: Basic
Course prerequisites: None
Advance preparation: Not required
Instructional method: Self-study
Amount of recommended CPE credit: To be determined by pilot tests
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