CCH Learning Center

Description:
The Course offers tax professionals helpful guidance on the new law, including planning opportunities, pitfalls to beware of, and ways practitioners can capitalize on the law with their clients. Helpful Planning Pointers and Observations, as well as Alerts to changes affecting 2010 income tax returns are integrated throughout the course and are designed to assist users in understanding and applying the new law. The course covers tax rate changes for individuals, extensions of tax deductions and credits for individuals, education tax breaks, alternative minimum tax developments, tax changes for businesses, the payroll tax holiday, and estate and gift tax changes.

Upon completion of this course, you will be able to:

• Calculate taxes for different filing statuses
• Define the capital gains rates
• Determine what relief is available for the alternative minimum tax
• Describe the changes in above-the-line deductions for 2010 and 2011
• Name which itemized deduction rules have changed
• Define the continued advantages of the American Opportunity Tax Credit over the Hope credit
• Calculate the Social Security tax savings to employees and self-employed individuals
• List the new rules for bonus depreciation
• Define reunification of estate and gift tax rules
• State the option for estates of decedents dying in 2010