Address 50 real-life situations in which a taxpayer has pushed legal boundaries to save on taxes. Avoid mistakes in the preparation of Form 1040, and maintain adherence to professional standards of practice. Highlights
Individual income tax cases regarding income, adjustments, itemized deductions, and dependency
The IRS Future State Initiative
When gifts can be taxable
Why are manhole covers round?
Two case studies: one that results in ordinary tax treatment, the other capital treatment
When a rollover is not a rollover, the Claim of Right Doctrine
What are the risks with nontraditional IRA investments?
Alimony issues
The limits on 401(k) loans
Form 8938 for reporting foreign financial assets and updated rules
Trouble resulting from not filing a FinCEN Form 114
The future of Social Security
Trying to carry back a tax loss that has yet to occur
Passive income and the self-charged rent rules
Meal allowances for police or fire workers on 24-hour shifts
Itemized deduction over-aggressiveness
Estimated taxes, the big penalties, and planning
The good, the bad, and the ugly of early retirement SEPPs
Things professionals do not like to hear
Registration
PICPA Member: $275 Nonmember: $375
More Information
Course No. 664500Level: Intermediate
Prerequisites:
Basic knowledge of individual income taxation
Notes
Accepted for IRS credits.
Speaker(s)
Donald Cooley
Donald B. Cooley, CPA
Donald B. Cooley, CPA is a partner in the accounting
firm of Cotner, Cooley, Clark & Sharp, LLC.He has over 25 years of public
accounting experience specializing in tax, accounting, and management advisory
for closely held businesses and individuals.His work experience includes time with
local and Big Four accounting firms.
He has been an adjunct faculty member at Rio Grande
University and has presented a variety of tax topics for Surgent McCoy
throughout the U.S over the past three years.
Mr.
Cooley is a graduate ofOhioUniversity, with a degree in Accounting.