Using a combination of humor and examples, we will review tax developments that affect 2014 individual income tax return preparation and 2014 individual income tax planning. We will also review the major areas of individual income taxation to fine tune practitioners for "Tax Season." 

The course includes a 600+ page reference manual with each chapter containing basic rules, selected items of interest, 2014 developments, planning ideas, and listings of related IRS Forms and Publications. The manual also includes a Topical Index.

Review of individual income taxation including: 

- 2014 individual tax developments, including a review of new tax legislation. 

- A review of both legislative and non-legislative provisions first effective in 2014. 

- 2014 developments that may warrant amended returns.  - Planning ideas, including planning opportunities in light of 2014 tax developments. 

- Important 2014 regulations (including the final 3.8% Net Investment Income Tax Regulations), court cases, rulings and other important non-legislative developments. 

- Survey of major provisions of the Affordable Care Act becoming effective in 2014. 

- Status of individual tax breaks that expired at the end of 2013. 

- Provisions allowing exclusion of COD Income. 

- A review of the interest deduction. 

- Planning for distributions from qualified plans and IRAs. 

- A review of the various education tax benefits. 

- Highlights of divorce taxation. 

- Latest developments on Section 1031 exchanges. 

- Survey of long-term capital gains and qualified dividend income. 

- Latest updates on medical expenses, charitable contributions, home office deduction, hobby losses, home

-sale gain exclusion, and taxation of damage awards. 

- Review of selected individual tax credits. 

- Review of passive activity rules (including analysis of impact on 3.8% Net Investment Income Tax). 

- Section 179 review. 

The course material includes: 

- Discussion of most major areas of individual income taxation. 

- Checklist of developments first effective in 2014.

  - Checklist of 2014 developments that may warrant amended returns. 

- Listings of selected IRS Forms and Publications. 

- Examples of selected tax elections.