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

December 16, 2019

8:30am — 4:15pm

Location Manchester

Member Price $279.00
Non-member Price $379.00

Curriculum Taxation

Field of Interest Taxation (General)

Level Beginning

Designed For

New staff and para-professionals who prepare individual returns

Objective

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

Highlights

  • 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 computations – The Kiddie Tax, AMT, regular tax, tax credits    
  • Individual problems illustrated by form preparation for various items, with numerous “practice tips”    
  • Impact of recent legislation and forms changes on the 1040

Instructors

Jonathan Ingber

Jonathan S. Ingber is currently employed at Kwal + Oliva, CPAs. He is responsible for conducting tax research and drafting all tax memoranda. He also reviews and prepares all types of tax returns for clients.Mr. Ingber was a partner in the firm of Seldine and Ingber, CPAs from 1973 to 2002. From 2002 to 2005, he was adjunct professor of taxation at Florida International University of the Alvah H. Chapman Graduate School of Business. In addition, he has taught in 44 states on many subjects including corporate liquidations, partnership taxation, fiduciary accounting, complex individual income tax returns, incorporating an existing business, depreciation under MACRS, income taxation of estates and trusts, subchapter S corporations, limited liability companies, repeal of the General Utilities doctrine, alternative minimum tax, passive-activity losses and credits, function of state law in resolving federal tax controversies, uniform capitalization rules, taxation of contractors, tax-free reorganizations, and federal tax research. He has been an outstanding seminar leader for FICPA for over 31 consecutive years, and has also been a member of The Florida Bar since 1971. Mr. Ingber received his bachelor’s degree in accounting from Queens College of the City University of New York, an LL.B. from New York University School of Law, and an MST degree from Florida International University Graduate School of Business. He was awarded the American Jurisprudence Prize in torts in 1965 and federal jurisdiction in 1966.close

Prerequisites

None

Developer

Surgent McCoy CPE, LLC

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