23WS-1268: 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.
Wednesday, December 20, 2023
8:00am - 4:00pm Central Time
8 CPE (8 technical) | 8 IRS CE
- Wednesday, November 6, 2024 - Webinar
- Friday, December 6, 2024 - Webinar
- Wednesday, December 18, 2024 - Webinar
- Tuesday, December 31, 2024 - Webinar
- Thursday, January 9, 2025 - Webinar
- Thursday, January 16, 2025 - Bloomington, MN
- Thursday, January 16, 2025 - Webinar
- Monday, February 3, 2025 - Webinar
- Self-study - Downloadable PDF
- Self-study - On-Demand
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 (Form 1040). 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
-
Comprehensive coverage of the Inflation Reduction Act of 2022 and The SECURE Act 2.0
-
Preparation of various Form 1040 individual tax returns and schedules; provided answers include "filled-in" forms
-
Coverage of Form 7203
-
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
-
Charitable contributions substituting for taxes, IRS says -- No!
-
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
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
|
Standard Nonmember Fee |
$279.00
|