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22WS-1353: Surgent's Preparing Individual Tax Returns for New Staff and Paraprofessionals (Webinar)

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

Thursday, January 12, 2023
9:00am - 5:00pm Central Time
8 CPE (8 technical)  |  8 IRS CE

Alternate dates & more options

The objective of this course is to train new staff accountants, data processing employees, paraprofessionals, and bookkeepers to prepare a moderately complex 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.

Major subjects

  • Timely coverage of breaking tax legislation
  • Preparation of various Form 1040 individual tax returns and schedules; provided answers include "filled-in" forms
  • Coverage of Section 199A qualified business income, its calculation, limitations, and examples
  • 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

Learning objective(s)

  • Learn complicated issues of filing status and dependency exemptions
  • Learn about Schedules A, B, C, D, E, and SE; Forms 8867, 4797, and 4562; passive rules and more
  • Complete comprehensive problems related to Schedules A, C, and D; QBI, 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

Who should take this program?

New staff and paraprofessionals who prepare individual returns

Fees

Standard Member Fee $279.00
Standard Nonmember Fee $279.00

More program information

Location Online
Area
of study
Taxation
Field(s)
of study
Taxes - Technical (8.0)
Level Basic
Format Group Internet Based
Sponsor Surgent
NASBA ID#: 103212
Prerequisites Prereq. None
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business days before the event start date. Learn more

Notes:

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