Don't miss deductions! Master Schedule A & uncover hidden tax savings for your clients. Explore medical, charity, taxes & more. Learn key questions to ask & stay updated on rule changes.
Designed For:
EAs, CPAs, CRTPs, and other tax and financial professionals
Adding additional credit may change exam requirements.
I would to see the chapter notes visible while quizzing
THANKS AGAIN!
There is an error in the question below. Where did the extra $300 come from? Adam refinanced his mortgage for 20 years in January 2017 and paid $3,000 in points. He refinanced with Bank of America to get a better interest rate and did not take out any additional money. He has been amortizing the points of $150 ($3,000 ÷ 20 years) each year on his tax return. In November 2023, he decides to refinance with Hanover Bank, a local bank with a better interest rate. He is charged $2,000 for points on this new 20-year loan. On his 2023 return, Adam can take the remaining points on the Bank of America loan as a deduction of $2,400 ($3,000 - $600 [points already taken]). Adam will also start to amortize the $2,000 in points paid over 20 years. In 2023, he can also deduct $16.67 ($2,000 ÷ 20 = $100 per year; $100 ÷ 12 × 2 months).
Excellent.
the course is very comprehensive, and easy to follow. One can learn reasoning and logic from the lessons, more than learning tax laws by rote or cramming.
THANK YOU
It would be helpful to remind that changes referenced as being made in a prior year tax law change is still effective for 2024
ALOT OF GREAT MATERIAL
good content
WebCe is the best course I've have in years, including self study and in person classes
Likely to use againg because it is a good resource, fairly priced and wide selection of courses
Elevator
Great course
excellent course, but need more than 1 question in the chapter
Excellent job
course material very easy to understand
Excellent
EXCELLENT
What I liked about the course was the graphics and the formulas used in the calculations.
GREAT JOB1!
It had a lots of information i needed to know. some was a refresher course for me . all the information was knowledgeable and helpful in understanding the course
Interesting refresher course. After completing many Schedule A's, there was material regarding medical equipment and elevators that I now know better.
User Friendly format
Great Job
you need to read the question few times to be sure of it . no reason for it you are testing knowledge only
none at this time
this course was very cost-ef
great course, easy to follow
Allow different voices for the readings.
Audio capabilities
I love Web CE
Good course!