Preparing Complex 1040s

Course Details

Date

Wednesday, January 27, 2021

7:30am – 3:00pm (Registration: 7:00am)

Location

Online

Field of Study

Taxation

CPE Credit

8 hours CPE credit

Level of Knowledge

Intermediate

Vendor

CalCPA

Prerequisites

General tax knowledge

Description

While the Tax Cuts and Jobs Act did many things, simplification of the tax law for clients of most CPA firms was not one of them. 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.

Highlights

Impact of any tax legislation enacted by Congress during the year
Qualified business income deduction-who it applies to, how to deal with the limitations, and planning opportunities
Passive losses-tracking, triggering, and grouping activities in order to reduce passive income
Rules related to the limitation on the deduction for business interest under 163(j) and the treatment of pass-through items related to that limitation
Losses limited by lack of amounts at-risk
Calculation of and limitations on the use of net operating losses
Applying the net investment income tax
Alternative minimum tax issues
Tax-deferred exchanges of real estate under section 1031

Objectives

Participants will be able to:
Solve complex 1040 problems
Design proper presentation strategies
Use appropriate disclosures to avoid penalties
Anticipate and create opportunities for tax reduction

Designed For

Practitioners in public practice with experience preparing 1040s.

Registration for this course has passed.

Course Pricing

WYOCPA Member Fee
$295.00

Non-Member Fee
$400.00

Your Price
$400.00

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