Extended Academic Programs
The American Taxpayer Relief Act of 2012 (passed in January, 2013) extended much of the Bush era tax cut legislation, while raising the tax rates for high income taxpayers. Some of the relief in this Act is made permanent, but other important provisions expire at the end of 2013 or later. The Act also reinstates the phase-out of exemptions and itemized deductions for high income taxpayers.
The Affordable Care Act affects high income individuals and couples. The act imposes an additional tax on investment income, as well as additional employee social security tax and self-employment tax. Effective tax planning to minimize these additional taxes may require complex analysis of many areas of the tax law.
As a result of the Supreme Court decision striking down DOMA (federal Defense of Marriage Act), a federal joint return may be filed by a same-sex couple who were married in a state that recognizes same-sex marriage, even if they now live in a state that does not recognize those marriages. Recognition of such marriages at the federal level will create tax planning opportunities and pitfalls in the areas of: (1) income tax, (2) estate and gift tax, (3) employee benefits, and (4) government benefits such as social security, etc. In many cases, amended returns may be recommended for prior years.
The course will also cover other important federal and state tax developments affecting individuals, families, employees, investors, and those who provide consultation or tax preparation services. Developments covered in this course will include new laws passed by Congress or the State Legislature, rulings from the Treasury Department and the IRS, and important court cases.
Course curriculum is developed in consultation with our Professional Development Advisory Board of subject matter experts, faculty, and industry practitioners. Click here to view the members of our Professional Development Advisory Board.
For Program and Registration Questions: Please call the Registration Center at 704-687-8900 or 1-877-741-0134 from 8:00 a.m. to 5:00 p.m., or email CEregistration@uncc.edu.
A basic understanding of individual federal income tax.
For best availability, students are encouraged to register at least two weeks prior to the start date of the course section.
The University of North Carolina at Charlotte
320 E. 9th Street, Charlotte, NC 28202 · 704-687-8900