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 returnsPrerequisite
NoneAdvanced Preparation
None