Vermont Society of Certified Public Accountants
Cart: 0 items

Courses

Surgent's Selected Issues in Preparation of 1040 Individual Income Tax Returns Download

« View All Courses

Register

Member Price: $189.00
Non-Member Price: $339.00

view cart

Developer:
SURGENT MCCOY SELF-STUDY CPE, LLC
CPE Credits:
Taxes: 10.00
Fields of Study:
Taxes
Level:
Basic
This course provides new staff accountants, data processing employees, para-professionals, and bookkeepers a study into some of the more complicated issues they may face in tax return preparation. Updated for impacts of recent legislation, including the Inflation Reduction Act, CARES Act, Consolidated Appropriations Act of 2021 (CAA 2021), ARPA, and TCJA.

Objective

  • Have an overview of passive activity rules
  • Complete a comprehensive Form 1040 
  • Learn about IRA contributions and self-employed retirement plans
  • Complete a comprehensive problem related to computation of an individual’s federal income-tax liability, with filled-in forms

Highlights

  • Business income and expenses
  • IRAs, qualified retirement plans, and Social Security benefits
  • Depreciation and recapture
  • Rental income and expenses, income via Schedule K-1, and loss limitations
  • Alternative Minimum Tax
  • Casualty losses, moving expenses, sale of home, alimony, and penalties

Designed For

New staff, rusty or those returning to the profession, who desire to prepare individual returns

Prerequisite

None

Advanced Preparation

None
back to list