10/14/2026
Don't forget to register for our next Tax Awareness webinar coming up on November 4th!
You can register at: https://cornell.zoom.us/webinar/register/WN_QWl-5tqLSQWce7UxVnrTVQ
This webinar focuses on tax concepts and strategies that can improve tax outcomes for the current year and the tax years ahead.
Learning Objectives
We will give a quick review of concepts covered in Preparation for Taxes webinar and by the end of this presentation, participants will be able to:
- Understand common tax concepts such as self-employment taxes, depreciation, Section 179 deductions, refundable and non-refundable credits, earned income credits, child tax credits, and the “placed in service” rule;
- Know the difference between cash and accrual accounting;
- Identify tax planning opportunities including maximizing credits, considering investment tax credits, managing Social Security impacts, and planning for income changes;
- Identify specific tax strategies such as income averaging, paying children for farm work, capitalizing repair costs, deferring income, prepaying expenses, and making retirement contributions;
- Work on a long-term approach to tax planning by consistently maintaining records, maximizing eligible credits, and making informed financial decisions;
- Recognize potential impacts of changes in the current tax law and how those may impact tax planning decisions;
- Understand the need to develop a plan that includes the impact of state and federal tax laws.
This program is provided for educational purposes only and should not be considered tax advice. For guidance specific to your individual circumstances, please consult a qualified tax professional.
