Gain a better understanding of exclusions from gross income, including tax treatment of gifts and inheritances, taxable and tax-free damages, and miscellaneous tax-free income.
Many taxpayers face a variety of different income streams or an unusual one-time income event. Navigating the taxability of these various items can be difficult and prompts taxpayers to ask the question, "Is this taxable? Is there anything I can do to avoid the tax?" This topic will discuss various types of other income, the taxability of those items, and opportunities for avoiding or minimizing tax.
Add to Wishlist
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Other Income
- IRAs and Retirement Plans
- Miscellaneous Income From Labor
- Application of Self-Employment Tax
- Prizes and Awards
- Cancellation of Debt
Exclusions From Income - Investments
- Municipal Interest
- Sale of Home
- Section 1202 Exclusion
- Section 1045 Exclusion
- Opportunity Zones
Exclusions From Income - Other
- Taxable and Tax-Free Damages
- Gifts and Inheritances
- Foreign Earned Income Exclusion
Add to Wishlist
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on October 24, 2019.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Add to Wishlist
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Paul Osborn
Hudson Cisne & Co. LLP
- Principal with Hudson Cisne & Co. LLP in Little Rock, Arkansas
- Areas of focus are: tax and valuation services, mergers and acquisitions/exit planning, manufacturing, medical practices
- American Institute of CPAs, Arkansas Society of CPAs, National Association of Certified Valuators and Analysts
- B.A. degree, Thomas More College in Northern Kentucky
- Can be contacted at 501-221-1000 or [email protected]
Add to Wishlist
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- OnDemand Courses
- Live Webinars
- MP3 Downloads
- Course Manuals
- Executive Reports
- White Papers and Articles
Additional benefits include:
- State Specific Credit Tracker
- All-Access Pass Course Concierge
Questions? Call 877-296-2169 to speak with a real person.
Access to all training products for one year
$699/year
Unlimited Lorman Training
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
Easy Registrations
Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.
Invest in Yourself
You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.
