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20WC-1534: Preparing Complex 1040s (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Wednesday, January 27, 2021
10:30am - 6:00pm Central Time
8 CPE (8 technical)

While the Tax Cuts and Jobs Act did many things, simplification of the tax law for clients of most CPA firms was not one of them. This program is designed for the accountant who is ready to handle the most complex individual client's income tax preparation. The program will look at areas that vex CPAs when dealing with individual taxes, including the Section 199A qualified business income deduction, limitation on deduction of business interest under Section 163(j), passive activity rules, and the net investment income tax.

Major subjects

  • Impact of any tax legislation enacted by Congress during the year
  • Qualified business income deduction -- who it applies to, how to deal with the limitations, and planning opportunities
  • Passive losses -- tracking, triggering, and grouping activities in order to reduce passive income
  • Rules related to the limitation on the deduction for business interest under Section 163(j) and the treatment of pass-through items related to that limitation
  • Losses limited by lack of amounts at-risk
  • Calculation of and limitations on the use of net operating losses
  • Applying the net investment income tax
  • Alternative minimum tax issues
  • Tax-deferred exchanges of real estate under section 1031

Learning objective(s)

  • While the Tax Cuts and Jobs Act did many things, simplification of the tax law for clients of most CPA firms was not one of them. This program is designed for the accountant who is ready to handle the most complex individual client's income tax preparation. The program will look at areas that vex CPAs when dealing with individual taxes, including the Section 199A qualified business income deduction, limitation on deduction of business interest under Section 163(j), passive activity rules, and the net investment income tax.

Who should take this program?

Practitioners in public practice with experience preparing 1040s.

Fees

Our records indicate you are a nonmember. If you register, you will be charged $400.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.
Standard Member Fee $295.00
checkmark Standard Nonmember Fee $400.00

More program information

Location Online
Area
of study
Taxation
Field(s)
of study
Taxes - Technical (8.0)
Level Intermediate
Format Group Internet Based
Sponsor CalCPA Education Foundation
NASBA ID#: 104822
Prerequisites Prereq. General tax knowledge
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business days before the event start date. Learn more

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If you have questions about this event, please call us at 952-831-2707.