Preparing Complex 1040s

Tuesday, November 12
8:45am - 4:30pm

(Check-In 8:40am)

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8.00 Credits

Member Price $274.00

^{Price will increase by $35 after 11/5}

Non-Member Price $399.00

^{Price will increase by $35 after 11/5}

Overview

This program is designed for the accountant who is ready to handle the most complex individual client’s income tax preparation. The program will look at areas that vex CPAs when dealing with individual taxes, including the 199A qualified business income deduction, limitation on deduction of business interest under 163(j), passive activity rules, and the net investment income tax.

Objectives

Participants will be able to:

Solve complex 1040 problems

Compute qualified business income deduction

Compute tax on net investment income, additional withholding and tax on wages, and self-employent earnings

Explain and compute AMT

Identify and apply passive activity rules

Recognize and advise clients on like-kind exchanges

Define and apply at-risk rules

Recognize existence of and compute amount of NOL and understand tax implications.

Designed For

Practitioners in public practice with experience preparing 1040s.

Prerequisites

General tax knowledge

Preparation

None

Notice

By registering for this program and, accordingly, receiving the eMaterials, you’re acknowledging that you understand both the copyright restrictions on your eMaterials and the CTCPA cancellation policy. https://www.ctcpas.org/events/cpe-policies