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

January 7, 2019

8:30am — 4:15pm

Location Manchester

Member Price $259.00Register after December 17 and pay $279.00
Non-member Price $359.00Register after December 17 and pay $379.00

Curriculum Taxation

Field of Interest Taxation (General)

Level Beginning

Designed For

New staff and para-professionals who prepare individual returns


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:
* Learn complicated issues of filing status and dependency exemptions
* Learn about Schedules A, B, C, D, E, and SE; Forms 2106, 4797, and 4562; passive rules and more
* Complete comprehensive problems related to Schedules A, C, and D; Forms 2106, 4797, 6251, and more, all with "filled-in" forms
* Learn about IRA contributions, self-employed retirement plans, child-care credits, and the adoption tax credit


* Preparation of various Form 1040 individual tax returns and schedules; provided answers include “filled-in” forms
* Taking initiative in difficult assignments; can you deliver the QBI message? Full coverage of §199A qualified business income, its calculation, limitations, and examples
* Malodorous Form 8867 – Changes again this year!
* 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
* Self-employed person issues
* Schedule C deductions including depreciation
* Sale and exchange of property – Understanding Form 4797 and depreciation recapture; capital gains
* 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, with numerous "practice tips" 
* Impact of recent legislation and forms changes on the 1040 


Robert M. Gilwee, Jr., MS, CPA

Robert M. Gilwee, Jr., MS, CPA, is a member of the accounting firm of Gilwee and Green LLC. He has more than 20 years of practice experience in taxation. His background includes assistance in resolving tax-structuring issues using LLCs, S corporations and other entities. He is a frequent discussion leader on a variety of taxation topics. He received the 1985 Top Manuscript Award from Coopers & Lybrand and he is a member of the adjunct faculties of several colleges in his area. He is also an instructor in the Lambers CPA review course.close




Surgent McCoy CPE, LLC

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