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Wednesday, January 15, 2020 Webcast

Advanced Technical Tax Forms Training – Form 1040 Issues (X1-ATFI-2020-01-WEBNR-15-01)

9:00 AM - 5:00 PM
webcast

Webcast

8.0 CPE Credits in TX

OVERVIEW

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

  • 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
  • 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

COURSE LEVEL

Advanced

PREREQUISITES

Basic to intermediate-level experience in preparing Form 1040.

ADVANCE PREPARATION

None

ADDITIONAL NOTES

  • This seminar qualifies for IRS credit.
Course materials are distributed electronically and we’ve passed the savings along to you - registrants save $20 on all 8-hour seminar pricing. To access the materials visit My Events. Download to your laptop or tablet prior to the seminar, handouts are added as received.

INSTRUCTOR

Dennis Benvie

Dennis P. Benvie, CPA, MS

Tyirin, Benvie & Co., CPAs

Dennis P. Benvie is a managing member of Surgent McCoy CPE, LLC. In addition to instructing continuing professional education seminars for 27 years, he also writes, edits, and/or updates many Surgent McCoy publications. He consistently receives high evaluations for knowledge and presentation skills, and has been recognized as The Outstanding Discussion Leader of the Year, awarded by the state of Indiana. Prior to becoming a member partner of Surgent McCoy CPE, LLC, Dennis spent 15 years as a partner with a local Cincinnati CPA firm. He has 30+ years of public accounting experience specializing in tax, accounting, and management advisory for closely held businesses and individuals. His background also includes association with a tax attorney's office and instructing accounting classes as adjunct accounting faculty of local state universities. Mr. Benvie is a graduate of Miami (Ohio) University, degree in Accountancy, and has also earned a Masters of Science in Taxation degree from the University of Cincinnati.

PRICING

$239 - Member

$239 - Non Member

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

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COURSE DEVELOPER

Surgent