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Date / Time / Location

Tuesday, January 15, 2019
8:30 AM - 4:30 PM
Registration: 8:00 AM

APA Hotel Woodbridge120 Wood Avenue South
Iselin, NJ 08830
732-494-6200

CPE Credits

  • 8.00 CPE Credits in TX

Pricing

  • $379.00 - Non Member
  • $279.00 - Member

Course Developer

Don’t let the title frighten you. Experienced staff can get bogged down in busy season with advanced practice and reporting issues. This course discusses the topics that experienced staff, managers, and partners should understand in depth while also assisting experienced staff in avoiding costly mistakes when facing complicated 1040 issues. The manual includes several advanced cases with "filled-in" forms provided with the complete answers.

Designed For

CPAs in public accounting who prepare or review complex 1040 returns.

Benefits

  • Recognize and understand how to handle advanced technical issues which arise in preparing individual tax returns
  • Complete the tax forms for selected issues

Highlights

  • What’s NEW for this year -- Aimed at higher level staff issues and planning
  • Taking initiative in difficult assignments, can you deliver the QBI message? Full coverage of §199A qualified business income, its calculation, limitations, and examples
  • How much has the cost of operating as a C Corporation gone down; enough to switch entity choice?
  • Does aggregating Passive Activities also aggregate “At-Risk”?
  • Advanced practice, basis, reporting, and gift issues intertwined with advanced planning and discussion ideas
  • Remember the Alamo -- The IRS Future State Initiative, how will clients (and practitioners) interact with IRS in the future?
  • Why the “Light Brigade” failed - Discuss a proposal for a yet to be developed new tax form, which calculates S corp basis, designed to be attached to individual returns
  • Malodorous Form 8867, changes again this year!
  • Form 6198 – At-risk basis: Detailed case study and discussion of how this form is to be used and when it needs to be filed; learn how basis and at-risk basis are different, and why this is significant
  • Form 6252 – Installment sale income: A common tax area; however, a case study and discussion of this topic includes advanced issues such as gain on reacquisition of installment sale property, including worksheets on calculating gain & tax basis of reacquired property
  • Form 5329 – Additional taxes on qualified plans: Advanced study of how to avoid penalties
  • Form 6251 – Detailed case study and discussion on the adjustments and preferences associated with alternative minimum tax, including discussion of proper treatment of incentive stock options

Prerequisites

Basic to intermediate-level experience in preparing Form 1040.

Advance Preparation

None

Additional Notes

Course materials will be distributed electronically. To access, visit your My Events page. Download to your laptop or tablet prior to your seminar.
Event Cancelled

We are sorry to inform you but this event has been cancelled.

Donald Cooley

Donald B. Cooley, CPA

Donald B. Cooley, CPA is a partner in the accounting firm of Cotner, Cooley, Clark & Sharp, LLC. He has over 30 years of public accounting experience specializing in tax, accounting, and management advisory for closely held businesses and individuals. His work experience includes time with local and Big Four accounting firms. He is an adjunct faculty member at Ohio University and has presented a variety of tax topics for Surgent McCoy throughout the U.S over the past three years. In 2015 and 2016, he received the Surgent Outstanding Discussion Leader Award because of his consistently high evaluations for knowledge and presentation skills. Mr. Cooley is a graduate of Ohio University, with a degree in Accounting.

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Event Cancelled

We are sorry to inform you but this event has been cancelled.