CPE Course Preparing Individual Tax Returns for New Staff and Para-Professionals

December 7, 2017

8:30am — 4:15pm

Location Manchester

Member Price $259.00Register after November 16 and pay $279.00
Non-member Price $359.00Register after November 16 and pay $379.00

Curriculum Taxation

Field of Interest Taxation (General)

Level Beginning

Designed For

New staff and para-professionals who prepare individual returns

8.00 credits

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The objective of this course is to train new staff accountants, data processing employees, para-professionals, and bookkeepers to prepare a complicated federal individual income tax return. Over the years, thousands of new staff have received practical, hands-on experience to become familiar with tax forms. This course covers the latest tax law changes, making it essential for your new staff.

Learning Objectives:
• Grasp complicated issues of filing status/dependency exemptions
• Know about taxable/tax-exempt interest issues & dividend income
• Understand issues with reporting capital gains transactions
• Complete a comprehensive problem related to Schedule C of the Form 1040 and also one related to Form 4797
• Apply knowledge gained from an overview of passive activity rules
• Complete a comprehensive problem related to Schedule A
• Explain IRA contributions, Self-employed retirement plans, childcare credits, and the adoption tax credit
• Complete a comprehensive problem related to computation of an individual’s federal income-tax liability


• Preparation of various Form 1040 individual tax returns and schedules; provided answers include “filled-in” forms
• 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
• Sale and exchange of property – Understanding Form 4797 and depreciation recapture; capital gains
• Schedule C deductions
• 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


John M. Kilroy, CPA, CFP

John Kilroy is a managing member of iValue Financial Planning LLC, located in the Philadelphia, Pennsylvania area. John engages clients in financial and tax planning, as well as preparing tax returns for individuals, corporations, partnerships, estates, and trusts. John is a CPA and a CFP® practitioner. He is a 1979 graduate of Villanova University with a BS in Accounting. John is a member of the Pennsylvania Institute of Certified Public Accountants and the Financial Planning Association (FPA). Within the FPA, John has served as a board member of the Philadelphia Tri-State chapter and on its education and finance committees. John is an adjunct faculty member for the Temple University Certificate of Financial Planning Program. He is a frequent speaker and facilitator on tax and financial planning topics. John has been quoted in the Wall Street Journal, MarketWatch.com, and USATODAY.com. He has written for the Journal of Financial Planning, and is a contributor to Retirement Weekly. John has also discussed financial and tax planning issues on various radio outlets.close




Surgent McCoy CPE, LLC

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