Webinar: Technical Individual Practice Issues and Tax Forms for Experienced Practitioners
WS171 | Course | Advanced | Scheduled
Description
Don't let the title frighten you. Experienced staff can get bogged down in busy season with advanced practice and reporting issues. With major legisla
Credits
| Number of Credits | Type of Credits |
|---|---|
| 8.00 | Taxes |
Designed For
Accounting and Finance Professionals in public accounting who prepare or review complex 1040 returns
Prerequisites
Basic to intermediate-level experience in preparing Form 1040
Highlights
- What’s NEW for this year – Items all practitioners must know
- Form 1040 and Schedules 1 – 3
- 1099-K reporting requirements
- Qualified Business Income -- Coverage of §199A including the real estate safe harbor
- A tour of the most recent forms changes, starting from gross income and ending with selected credits, including the latest IRS guidance on significant recent tax legislation
- How will clients (and practitioners) interact with IRS in the future and how the pandemic is steering the IRS to ramp up with digital communication efforts
- Hot developments and current areas of interest
- Virtual Currency and Digital Asset Taxation
- Advanced practice, reporting, and other issues intertwined with advanced planning and discussion ideas
- Form 6198 -- At-risk basis: Detailed case study and discussion of how this form is to be used and when it needs to be filed; learn how basis and at-risk basis are different, and why this is significant
- Form 6252 -- Installment sale income: A common tax area; however, a case study and discussion of this topic includes advanced issues such as gain on reacquisition of installment sale property, including worksheets on calculating gain & tax basis of reacquired property
- Form 5329 -- Additional taxes on qualified plans: Advanced study of how to avoid penalties
Objectives
- Recognize and understand how to handle advanced technical issues which arise in a professional practice and in preparing individual tax returns
- Complete the tax forms for selected issues
Preparation
None
Notes
This webinar is provided by Surgent. After registering for the course, you will receive an email from Surgent with instructions for logging in to the webinar and obtaining your eMaterials.
You may confirm that your computer meets the minimum requirements by visiting: https://www.surgentcpe.com/webinartest/.
Prices
- Member (Early Bird)
- $279.00
- Non-Member (Early Bird)
- $279.00
- Member
- $279.00
- Non-Member
- $279.00