21SR-0049: Federal Tax Update: Individuals (Form 1040) (Virtual)

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

Wednesday, December 15, 2021
8:30am - 4:30pm Central Time
8 CPE (8 technical)

At this comprehensive course, learn how to handle the latest individual tax law changes so you can efficiently prepare Form 1040 and prepare for a smooth tax season. Look at new tax forms and changes to existing forms, with an emphasis on newly enacted tax legislation, court cases, IRS guidance and 2022 tax projections. Come away with helpful practice aids, examples, charts and updated forms and schedules.

Major subjects

• Setting Every Community Up for Retirement Enhancement (SECURE) Act
• Coronavirus Aid, Relief and Economic Security (CARES) Act
• Tax Relief Act of 2020 and Taxpayer Certainty and Disaster Relief Act of 2020
• American Rescue Plan Act
• Individual income tax provisions of the Tax Cuts and Jobs Act (TCJA)
• Section 199A 20% qualified business income (QBI) deduction, Section 461(l) business loss limitations and Section 163(j) interest deduction limitations and depreciation
• Changes to income tax rates, kiddie tax, alternative minimum tax (AMT), personal exemptions, itemized deductions, child tax credit, net operating losses (NOLs), business loss limitations, interest deductions, accounting method changes and income exclusions
• Changes to Form 1040 and other related schedules and forms
• Issues related to various taxes, including income, capital gains, self-employment, AMT and net investment income tax
• Changes to depreciation, itemized deductions, adjustments to income, passive activities, and tax credits

Learning objective(s)

• Understand major federal income tax laws impacting individuals
• Identify and comprehend newly enacted legislation, changes and IRS guidance affecting individual income tax returns

Who should take this program?

Tax accountants in public or private practice in need of power-packed one day federal individual income tax update

Fees

Standard Member Fee	$325.00
Standard Nonmember Fee	$375.00