2013 Income Tax Course Topics

  •  New Legislation (S.C. and Federal), Tax Legislation enacted in late 2012 and in 2013

  • Rulings and Cases – From September 2012 through August 2013

  • Individual Taxpayer Issues:  Wages paid to household workers, Form 8949, Savings Bonds and Gambling

  • Tax Practice Due Diligence:  Record retention, Consents, Abatement of Penalties and Data Security

  • Affordable Care Act:  Net investment tax, Medicare tax, Employer credits, Health care credit for low-income individuals, and Penalties for no health insurance

  • Business Entities:  Buying and selling business entities

  • Business Issues:  Safe harbor for home office deductions, Single-member 401(k), and Domestic Production Activity deduction

  • Agricultural and Natural Resources:  Labor issues, Special depreciation rules, Livestock sales/losses, Drought impact, and Like-kind exchanges

  • Construction Industry:  Accounting methods, Classification of contracts and workers

  • Tax Issues in Divorce:  Dependent exemptions, Relief from joint liability, and Allocation of itemized deductions

  • IRS Issues:  Automated, Under-reported & soft notices, Voluntary Classification Settlement Program, and Cancellation of debt as an audit issue

  • SCDOR:  SC Legislation, SCDOR Security updates, "Marketplace Fairness Act", Update on S.C. E-File and 2D barcode filing

  • Ethics:  Conflicts of interest, Disclosure of information, Privacy Act notification