Getting Ready for Busy Season: A Guide to New Forms, Filing Issues, and Other Critical Developments

Identify new income tax returns and schedules for individual and pass-through entity clients
Understand which income tax returns and schedules have changed for individual and pass-through entities
Identify the legislative, administrative, and judicial developments that affect the income tax returns and schedules of individuals and pass-through entities

Highlights

A tour of the most recent changes starting from gross income and ending with alternative minimum tax (AMT) and selected credits including the latest IRS guidance on significant recent tax legislation
Hot, hidden, or miscellaneous developments affecting the upcoming tax season
How the Affordable Care Act affects tax returns
Form 8960 Net Investment Income Tax – Methods to attempt to mitigate
The latest guidance on child credits, education credits, education incentives, and net capital gain and qualified dividend income rate reductions
Examination of troublesome areas and new stumbling blocks in preparing Form 1040, including a new look at passive activities in combination with NII
Review of new laws and changes in old forms to provide a familiarity for the upcoming tax season
Key new tax and practice developments and how they impact the current-year tax forms for individuals