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Description for The Concise Individual Tax Updates for 2020 AFSP Test: AFTR/AFSP Participant Study Guide
To get to the IRS Directory of Tax Professionals, you need to pass a 3 hour test based on this study guide. This is an IRS approved version of concise tax preparation updates for 2020. The book covers:Annual inflation adjustments for 20202019 Federal Income Tax Brackets 2019 Federal Tax Rates on Long Term Capital GainsAffordable Care Act individual mandate penalty Specified Service Trade or Business Section 199A Qualified Business IncomeForeign accounts and trusts requirements Fundamentals of Retirement Account DistributionsIncome Taxation of Social Security Benefits Home Office Business and DeductionsDepreciation: Section 179 expense limits and Bonus DepreciationSchedule A, Itemized DeductionsIndividual Tax Refundable CreditsNonrefundable tax creditsand much more...
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