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Sessions | Instructor | Event Registration |

Event Information

Preparing Complex 1040s Webcast | 4201375A STARTS AT 6:30 AM PDT
Date: August 21, 2020
Event Start time: 6:30 AM   End time: 2:00 PM
Location: Webcast

Facility: Webcast Rebroadcast

 


Member:       $289
Nonmember: $389

CPE Credits:

8.00 CPE: Continuing Professional Education Technical
8.00 CTEC-TX: CTEC - Federal Tax Law Hours Technical
8.00 IRS-TX: IRS Federal Tax Update Technical
6.50 MCLE LS-TX: Legal Specialization-Taxation Law Technical
6.50 MCLE: MCLE 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 §199A qualified business income deduction, limitation on deduction of business interest under §163(j), passive activity rules, and the net investment income tax.


Objectives:

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 §199A qualified business income deduction, limitation on deduction of business interest under §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 §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


Level of Difficulty:
Intermediate

Field of Interest:
Taxes

Prerequisites:

General tax knowledge


Designed For:

Practitioners in public practice with experience preparing 1040s.


Advanced Prep:

None


Event Notes:
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