Courses

Objective



• 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



Highlights



• Timely coverage of breaking tax legislation


• Preparation of various Form 1040 individual tax returns and schedules; provided answers include “filled-in” forms


• Coverage of §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



Designed For

Prerequisite

Advanced Preparation