Webinar: Advanced Individual Income Tax Return Issues
WS447 | Course | Advanced | Scheduled
Description
Most Accounting and Financial Professionals have been preparing individual income tax returns for years, and while many of the returns are easy, there
Credits
| Number of Credits | Type of Credits |
|---|---|
| 8.00 | Taxes |
Designed For
Experienced Accounting and Financial Professionals who want and need an in-depth knowledge of the most difficult individual-income-tax-return issues
Prerequisites
Extensive experience in preparation of individual income tax returns
Highlights
- New issues for the current year tax return and §199A
- Installment sales — understanding the complicated issues
- Form 8582: Passive losses with carryovers — Complicated case with filled-in forms
- Puts, calls, straddling, and unusual investments — Understanding the tax laws and reporting them correctly on the tax return
- Capital gain and loss issues — The problem with proper reporting of installment sales issues; capital gains and losses; when is a stock worthless; and much more…
- At-risk rules: What a return preparer really needs to know
- Passive loss issues — You can't just trust your software. What to watch out for and the questions you need your clients to answer in order to do it right!
- Incentive and nonqualified stock options — Reporting; key strategies for planning; dealing with the alternative minimum tax
- Alternative minimum tax — Understanding it; planning strategies to avoid it; using the minimum tax credit; explaining it to a client
- Form 6251: Detailed calculation example
Objectives
- Understand the basics of §199A
- Understand how to properly report advanced transactions in financial instruments and investments
- Understand the special problems and new issues for the current return
- Identify the causes of alternative minimum tax liability and what can be done to reduce or eliminate it
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