Waimea Community Education
Classes
Taxes: Deduct This!
Even if you don’t know a W-4 from a wheelbarrow, you’ll finish this course armed with invaluable knowledge about the legal way to avoid paying taxes.
Participants may actually deduct the price of this class on their 2008 tax return!
The following topics will be covered in this class:
1. Tax Introduction
The US Tax History
The United States Tax System compared to other countries
The Federal vs. the Hawaiian State Tax Return
Filing Information and Status
Personal Exemptions and Dependants
Tax Withholding and Estimated Tax
2. IRS Forms & Numbers
General Overview
What is used for what?
Taxable vs. Non taxable Income
3. Business vs. Hobby
Business Income and Expense
What is deductible and what is not
Hawaii Sales Tax
4. Gain & Loss, Sale of Residence, Alternative Minimum Tax,
Casualty and Theft
Why is the cost basis so important?
The 121 Exclusion
Presidentially Declared Disaster Areas
5. Individual Retirement Accounts
Rules and Guidelines
What IRA is best for my situation?
6. Trust/Estates, Generation Skipping and Gift Tax Returns
Decedent’s Last Tax Return
Fiduciary Income
Simple Trust vs. Complex Trust
Charitable Trust
Please note: The instructor is not selling a service nor is she providing individual tax advice or consultations. This class is for general knowledge only.
Category: Business
Price: $75
Materials Fee:
Dates:11/04/2008 - 12/09/2008
Day:Tuesdays
Time: 06:00 PM - 07:00 PM
In-Class Time: 6 hours
Duration:6 weeks