Preparing Complex 1040s

Virtual

Preparing Complex 1040s

Date: Feb. 6, 2025

Time: 8 a.m. – 3:30 p.m. PT

CPE: 8

Overview

This program is designed for the accountant who is ready to handle the most complex individual client’s income tax preparation. The program will look at areas that vex CPAs when dealing with individual taxes, including the §199A qualified business income deduction, limitation on deduction of business interest under §163(j), passive activity rules, and the net investment income tax.

Product Code
1000003180-127892
Credit Type
CPE: 8
CPE-Technical: 8
Intended Audience
Practitioners in public practice with experience preparing 1040s.
NASBA Field of Study
Taxes
Level of Difficulty
Intermediate
Prerequisites
General tax knowledge
Advance Preparation
None

Learning Objectives

Solve complex 1040 problems

Compute qualified business income deduction

Compute tax on net investment income, additional withholding and tax on wages, and self-employment earnings

Explain and compute AMT Identify and apply passive activity rules

Recognize and advise clients on like-kind exchanges

Define and apply at-risk rules

Recognize existence of and compute amount of NOL and understand tax implications.

Faculty

Timothy Dreyer