Seminar Course Description

1040 Tax Return Workshop

Locations

CITY STATE DATES OFFERED STATE SOCIETY WEBSITE
Phoenix Arizona Jan 19, 2021 to Jan 20, 2021 ASCPA
Atlanta Georgia Jan 13, 2021 to Jan 14, 2021 GSCPA
Chicago Illinois Oct 29, 2020 to Oct 30, 2020 ICPAS
Ridgeland Mississippi Oct 27, 2020 to Oct 28, 2020 MSCPA
Las Vegas Nevada Nov 02, 2020 to Nov 03, 2020 NVCPA
Reno Nevada Nov 05, 2020 to Nov 06, 2020 NVCPA
New York New York Dec 07, 2020 to Dec 08, 2020 NYSSCPA

The Tax Cuts and Jobs Act, passed by Congress and signed by President Trump, was the biggest overhaul of the Internal Revenue Code since 1986. The Act created a lot of uncertainty and a new appreciation for the complexity of our tax system for individual taxpayers accustomed to income tax refunds. This comprehensive course provides the technical knowledge tax professionals need to service their individual and business tax clients. Learn how to apply the latest changes when preparing federal income tax returns, and advise clients on new developments and tax-saving ideas for individuals. The video portion includes insight from nationally recognized tax experts. Reinforce your understanding of frequently used principles, and receive a wealth of tax-planning tips and strategies. Make sure you are armed with the latest tax reform and legislative guidance to better serve your clients in the constantly changing landscape of Individual Income Taxation.

Learning Objective

When you complete this course you will be able to:

  • Apply the latest changes when preparing federal individual income tax returns.
  • Recall how to advise individual clients on new developments and tax-saving ideas.

Topics Dicussed

  • New tax developments
  • Dividends, interest, and planning opportunities
  • Compensation issues, deferred plans, fringe benefits
  • Distributions from IRA’s and other qualified plans
  • Gross income exclusions
  • Passive losses
  • Vacation homes, home offices, bad debts
  • Travel and entertainment
  • Depreciation and amortization
  • Gain and loss recognition and basis rules
  • Property transactions—capital vs ordinary income
  • HSA’s, self-employed health insurance and other adjustments to income
  • Alternative minimum tax
  • Tax credits and estimated taxes
  • Continuing impact of the Affordable Care Act on individual taxpayers
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COURSE CODE

IITW

FIELD OF STUDY

  • Taxation

CPE CREDIT HOURS

16

KNOWLEDGE LEVEL

Intermediate

INTENDED AUDIENCE

CPAs working with clients or employers requiring up-to-date expertise in individual income taxation for the current tax season

PREREQUISITE

Knowledge of individual income taxation and Form 1040 preparation

ADVANCED PREPARATION

None

DELIVERY METHOD

Group Live, Self-Study On-Demand, Self-Study Text, Webcast

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Contact State Societies for Public Seminar Pricing and Additional Information

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