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Technical Individual Practice Issues and Tax Forms for Experienced Practitioners Webinar

CPE

When
Jan. 27
9:00 a.m. - 5:00 p.m.

CPE Credits
8-Tax

Details

 Pricing

PICPA Member: $259 | Nonmember: $359


 More Information

Course No.
ATFI-2022-01-WEBNR-27-01
Level
Advanced
Prerequisites
Basic to intermediate-level experience in preparing Form 1040
Note
This webinar is hosted by PICPA's partner, Surgent CPE. After registering, you will receive an email from Surgent CPE with the log-in information.

Description

Don’t let the title frighten you. Experienced staff can get bogged down in busy season with advanced practice and reporting issues. This course discusses the topics that experienced staff, managers, and partners should understand in depth while also assisting experienced staff in avoiding costly mistakes when facing complicated 1040 issues. The manual includes advanced examples and several advanced cases with "filled-in" forms provided with the complete answers.

Highlights

  • What’s NEW for this year – Items all practitioners must know
  • The “revised” Form 1040 and Schedules 1 – 3
  • Qualified Business Income -- Coverage of §199A including the real estate safe harbor
  • A tour of the most recent forms 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
  • How will clients (and practitioners) interact with IRS in the future?
  • Hot, hidden, or miscellaneous developments affecting the upcoming tax season
  • Advanced practice issues
  • Things your parents taught you?
  • Advanced practice, reporting, and other issues intertwined with advanced planning and discussion ideas
  • 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


Speaker(s)


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