Medical Charitable and Casualty Deductions Mini-CourseCode: 21-MCC2

Price: $29.95
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Course Details

63 pages

Course description and objectives:

We may all confront issues that directly impact how much we can deduct. This course is designed for participants who want to explore and examine the tax consequences of medical costs, charitable contributions, and casualty and theft losses, especially in relation to their deductibility. The emphasis is examining a wide variety of situations related to these items and the extent to which they may or may not result in a deduction and what limitations on deductibility may be imposed.

Course Objectives:

After reading the chapter, participants will be able to:

1. Identify the various deductions related to medical costs by

a. Differentiating between deductible and nondeductible items and distinguishing between the types of deductions for dependents; and

b. Describing the basic characteristics of Health Savings Accounts (HSAs) pointing out the tax consequences of withdrawals from HSAs and explaining health insurance for the self-employed.

2. Outline charitable contribution provisions, identify how contributions of cash, property, and services affect deductibility of contributions of the different types of charitable contributions, and list the various requirements related to substantiation.     

3. Differentiate between casualty losses, theft losses, and losses on deposits and discuss the issues related to the deductibility of these losses.

Presentation Method:   Self-Study

 

Category:  Taxation

CPE credit:  2 Hours

Program Level:  Update

Prerequisites:  None

Advance Preparation:  None

Exam expiration date:  Participants must submit exams for grading within one year from the date of purchase

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Medical charitable and casualty deductions mini course
The course is thorough and easy to understand and the test not hard to pass given the material
Andrea Beller
10/01/2020
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Medical Charitable & Casualty Deductions
Easy to understand, well-organized, & cleverly illustrated with attractive, fun summaries. This author does a great job
Nancy A Greenberg
05/28/2018
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Nancy A Greenberg, CPA
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Medical Charitable and Casualty Deductions Mini-Course-15
This Review Imported from our standard course evaluations.
E.R. OH
07/07/2015
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Medical Charitable and Casualty Deductions Mini-Course-15
This Review Imported from our standard course evaluations.
C.P. FL
10/21/2014
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American CPE, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

 

NASBA QAS Sponsor number 108096