CPE Course Surgent's Advanced Individual Income Tax Return Issues (STRI)

December 29, 2017

9:00 AM — 5:00 PM

Location Webinar

Member Price $219.00
Non-member Price $249.00

Curriculum Taxation

Field of Interest

Level Advanced

Designed For

Experienced CPAs who want and need an in-depth knowledge of the most difficult individual-income-tax-return issues

8.00 credits

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Objective

  • Understand how to properly report advanced transactions in financial instruments and investments
  • Understand the special problems and new issues for the current return
  • Identify the causes of alternative minimum tax liability and what can be done to reduce or eliminate it

Highlights

  • New issues for the current year tax return
  • Items added by the Affordable Care Act
  • Installment sales -- understanding the complicated issues
  • Form 8582: Passive losses with carryovers -- Complicated case with filled-in forms
  • Puts, calls, straddling, and unusual investments -- Understanding the tax laws and reporting them correctly on the tax return
  • Capital gain and loss issues -- The problem with proper reporting of installment sales issues; capital gains and losses; when is a stock worthless; and much more…
  • At-risk rules: What a return preparer really needs to know
  • Passive loss issues -- You can't just trust your software. What to watch out for, and the questions you need your clients to answer in order to do it right!
  • Incentive and nonqualified stock options -- Reporting; key strategies for planning; dealing with the alternative minimum tax
  • Alternative minimum tax -- Understanding it; planning strategies to avoid it; using the minimum tax credit; explaining it to a client
  • Form 6251: Detailed calculation example

Instructors

Prerequisites

Extensive experience in preparation of individual income tax returns

Developer

Surgent McCoy CPE, LLC

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