Advanced Technical Tax Forms Training – Form 1040 Issues Webinar

• 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

• What's NEW for this year -- Aimed at higher level staff issues and planning
• Taking initiative in difficult assignments, can you deliver the QBI message?  Full coverage of §199A qualified business income, its calculation, limitations, and examples
• Advanced practice, basis, reporting, and gift issues intertwined with advanced planning and discussion ideas
• Just what is “salmagundi”?
• Remember the Alamo -- The IRS Future State Initiative, how will clients (and practitioners) interact with IRS in the future?
• Why the “Light Brigade” failed - Discuss a proposal for a yet to be developed new tax form, which calculates S corp basis, designed to be attached to individual returns
• Malodorous Form 8867, changes again this year!
• 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
• Form 6251 – Detailed case study and discussion on the adjustments and preferences associated with alternative minimum tax, including discussion of proper treatment of incentive stock options