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Unlocking the Value: IRS Tax Credits
for Businesses & Individuals
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This course provides an exploration of federal tax credits available to both individual taxpayers and business entities. Attendees will learn how to identify, evaluate, and claim various credits to optimized tax outcomes. Through detailed analysis and illustrative examples, this course demystifies eligibility criteria, documentation requirements, and strategic considerations to ensure compliance and maximize benefit. Tailored for tax professionals, it emphasizes current developments, including recent legislation and IRS guidance.
Objectives:
1. Distinguish between refundable and nonrefundable tax credits and understand their implicatons.
2. Identify key IRS tax credits applicable to individuals and businesses, including eligibility requirements.
3. Evaluate how recent legislation has impacted available credits.
4. Navigate documentation and substantiation standards for claiming credits.
5. Apply strategic planning techniques to optimize credit usage across diverse client scenarios.
6. Recognize common pitfalls and audit risks associated with credit claims
Mary Jane Hourani has been practicing since 1993, working for a couple larger Tax, Accounting, & Audit Firms before transitioning to her own practice in 2005.
Mary Jane has a Master of Management from Walsh College of Accountancy and Business Administration as well as a Bachelor of Science from Eastern Michigan University in Public Administration with a focus in Organizational Development and Governmental Accounting.
She is credentialed as an Internal Revenue Service Enrolled Agent, allowing her to practice before the IRS. With this credential, she has direct oversite by the IRS Office of Professional Responsibility. She is also a National Association of Enrolled Agents NTPI Fellow.
Mary Jane has been an Instructor of Tax for Michigan State University Tax School since 2014 as well as a speaker for several trade organizations since 2010.
Mary Jane has been a Contributing Editor and/or Contributing Author of the National Tax Workbook for the Land Grand University Tax Education Foundation since 2015. She writes and compiles tax course packs used by Michigan State University Tax School. Mary Jane is an author/speaker for several national trade organizations and national CPE providers. She is a former H&R Block Instructor/Trainer.
Mary Jane is a member of the National Association of Enrolled Agents, Michigan Association of Certified Public Accountants, National Association of Tax Professionals, American Institute of Professional Bookkeepers, and is a QuickBooks ProAdvisor.
IRS Approval: HGQT7-T-00177-26-O
