Tax Help for Graduate and Professional Students

THE PROFESSIONAL DEVELOPMENT INITIATIVE PRESENTS:

Tax Help for Graduate and Professional Students

Dr. Richard Toolson, Professor of Accounting 

This workshop will look at the basics of federal income taxation as it applies to graduate and professional students who file a 1040 (not a 1040 NR) and who are not claimed by a parent on the parent’s tax return. Some of the topics to be covered are the tax treatment of revenue sources such as grants, student loans, scholarships and assistantships.  Other likely topics are the standard deduction amounts under the new law, the difference between a refundable tax credit, nonrefundable tax credit, and a deduction.   Specific credits to be addressed will be the Lifetime Learning Credit, the earned income credit and the child tax credit.

***Food will be provided***

All PDI events will be available to sites other than Pullman through a web link that will be emailed to you before the event. Please make sure to register on the link below and indicate at which WSU site you are located.

Please register for this event by clicking the link below:

Richard Toolson has been a faculty member in the Department of Accounting at Washington State for over 30 years.  He has taught a number of tax classes, including Introduction to Taxation, Individual Income Taxation, and Advanced Taxation.    His research emphasis is how best to organize an individual’s finances in order to achieve tax efficient cash flows from investments and during retirement.  He has published more than 50 professional tax articles in the most widely read professional tax and accounting journals.  He received a Ph.D. and a Masters of Accountancy (taxation emphasis) from Arizona State University and an MBA degree and an undergraduate degree in Economics from Brigham Young University.  He has also maintained an active CPA license since 1980.