Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
This course offers a thorough overview of the Individual US tax return, ranging from understanding key forms, income reporting, deductions & credits, and compliance issues to looking at case studies that provide an understanding of how tax return is prepared. The course does not involve software training; however, the cases will explain the steps that participants can use to practice preparation. The course will also look at key changes and updates in the U.S. tax system for the year 2023. Its purpose is to keep you informed and ready for income tax calculations and reporting requirements.
Additionally, the course will provide an in-depth analysis of various penalty forms and their implications for noncompliance. Understanding these forms is essential, as they can significantly impact both your business and personal finances.
Topics Include:
| Topic | Details |
|---|---|
| Understanding Key Tax Forms |
|
| Income Sources and Reporting |
|
| Deductions and Credits |
|
| Other Tax Issues |
|
| Compliance and Filing Issues |
|
Schedule
- December 11, 2024, 1:00 p.m - 5:00 p.m.
- December 12, 2024, 1:00 p.m - 5:00 p.m.
Key Takeaways
By the end of this course, participants will be able to:
- Understand the key changes and updates in the U.S. tax system for 2023.
- Gain an in-depth understanding of penalty forms, including their types and implications for non-compliance.
- Understand the changes in deductions and tax credits available to taxpayers in 2023.
- Get an overview of updated filing requirements, deadlines, and extensions for both individual and corporate tax returns.
- Understand the consequences of non-compliance, including penalties, and learn how to calculate penalties accurately.
Who Will Benefit
- CPAs and tax professionals working in public accounting firms.
- The roles of Controllers, CFOs, Finance Managers, and Financial Reporting Directors within multinational organizations that have a presence in the US.
- Professionals seeking to enhance their knowledge and skills in advanced taxation and accounting for US taxes.
How to Access the Course
This course is a live webinar. You must attend the live course to receive verifiable CPD hours. We recommend you join five minutes prior to the scheduled starting time. To get the full experience of this interactive course, use a computer that has video and microphone capabilities.
Electronic material can be accessed one week prior to the course and should be downloaded in advance.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Babar Khan is an experienced cross-border tax professional with over a decade of experience in US & Canadian tax compliance and advisory work. He specializes in taxation for Expatriates, Business Travelers and High Net Worth Individuals. This primarily includes US and Canadian taxes (Resident, Non-Resident, Dual Status and US State Returns), foreign asset/informational reporting (3520s, 5471s, PFICs, FBARs, T1135s etc.), real estate related compliance (8288B, T2062 etc.), voluntary disclosures, dealing with Canada Revenue Agency and Internal Revenue Service on taxpayers' behalf, and consulting on departure/arrival tax issues on both sides of the border.