Preparing Individual Tax Returns for New Staff and Para-Professionals Webinar

• Learn complicated issues of filing status and dependency exemptions
• Learn about Schedules A, B, C, D, E, and SE; Forms 2106, 4797, and 4562; passive rules and more
• Complete comprehensive problems related to Schedules A, C, and D; Forms 2106, 4797, 6251, and more, all with "filled-in" forms
• Learn about IRA contributions, Self-employed retirement plans, child-care credits, and the adoption tax credit

• Preparation of various Form 1040 individual tax returns and schedules; provided answers include “filled-in” forms
• New due diligence requirements for the Child Credit and American Opportunity Credit 
• Tax filing status – Rules for filing status and planning opportunities and pitfalls
• Dividends and interest – Ordinary, return of capital, and capital gain distribution dividends; tax-exempt interest, original issue discount, etc.
• Security transactions – From Form 1099-B to Form 8949 to Schedule D, plus mutual fund sales and related basis issues 
• How the Affordable Care Act affects tax returns
• Self-employed person issues
• Schedule C deductions including Depreciation
• Sale and exchange of property – Understanding Form 4797 and depreciation recapture; capital gains
• A working understanding of passive losses – How to handle rental property and how the passive loss rules flow to the tax forms
• Itemized deductions – A thorough understanding of what’s deductible and what’s not
• Interest deductions – Limitations and timing problems
• Retirement contributions and education credits and deductions
• Tax computation – The Kiddie tax, AMT, regular tax, tax credits
• Individual problems illustrating form preparation for various items, with numerous "practice tips" 
• Impact of recent legislation and forms changes on the 1040