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22WS-1301: Surgent's Advanced Individual Income Tax Return Issues (Webinar)

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

Thursday, December 29, 2022
8:00am - 4:00pm Central Time
8 CPE (8 technical)  |  8 IRS CE

Alternate dates & more options

Most CPAs have been preparing individual income tax returns for years, and while many of the returns are easy, there are always a number of issues that come up in busy season of which experienced practitioners wish they had more knowledge. This course is designed to explore the tough tax issues for experienced practitioners and help them provide better planning strategies and results for their higher income clients.

Major subjects

  • New issues for the current year tax return and Section 199A
  • 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

Learning objective(s)

  • Understand the basics of Section 199A
  • 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

Who should take this program?

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

Fees

Our records indicate you are a nonmember. If you register, you will be charged $279.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.
Standard Member Fee $279.00
checkmark Standard Nonmember Fee $279.00

More program information

Instructor Deborah Phillips, CPA, MST
Location Online
Area
of study
Taxation
Field(s)
of study
Taxes - Technical (8.0)
Level Advanced
Format Group Internet Based
Sponsor Surgent
NASBA ID#: 103212
Prerequisites Prereq. Extensive experience in preparation of individual income tax returns
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.