[WEB] Individual Tax Workshop

Course Details

Date

Wednesday, December 7, 2022

8:30am – 4:00pm
(Registration: 8:30am)

Course Number

ITW

CPE Credit

8.0 hours CPE credit

Instructor

Level of Knowledge

Intermediate/Advance

Vendor

Accountant's Education Services (AES)

Prerequisites

Experience in individual taxation

Description

Participants will review the rules, regulations, and forms required for the filing of the individual income tax return. This one-day program will use the Form 1040 to highlight commonly encountered problems.

Objectives

  • Discuss the latest changes and legislative developments affecting individuals, including the treatment of crypto assets and NFTs.
  • Discuss the planning ideas that are available for maximizing the deduction under §199A for qualified business income from a qualified trade or business or a specific service trade or business.
  • Identify individuals likely to be affected by the AMT and calculate the MTC carryforward.
  • Discuss common self-employment tax problems, including SE tax for LLC/LLP members and CCA 202151005.
  • Discuss the principal residence issues, including the sale of a principal residence with a home office deduction or an Airbnb and identifying acquisition debt and home equity debt.
  • Discuss the rules that apply to vacation homes, including the six possibilities that might apply and using the Bolton method for allocating interest and taxes.
  • Explain the like-kind exchange rules, using settlement sheets to fill out Form 8824, and calculating depreciation of the replacement property.
  • Determine the deductibility of travel and entertainment expenses and qualified transportation fringe benefits.
  • Describe the tax effect of contributions to and distributions from qualified plans, including IRAs and penalty taxes.
  • Explain the installment sale rules using a Form 6252 and calculating the gain on the repossession of real property under §1038.
  • Discuss the basic requirements of filing a Form 3115 and the difference between a change in method of accounting (or the treatment of a material item) and an error or mistake.
  • Describe the rules that apply in determining whether an expenditure is a deductible repair or a capital expense using the BARI rule.
      

Course Pricing

Early Registration Member Fee

Applicable if you are a HSCPA member in good standing and register by November 28, 2022.

$179.00
Member Fee

Applicable if you are a HSCPA member in good standing.

$279.00
Early Registration Non-Member Fee

Applicable if you are not a HSCPA and register by November 28, 2022.

$279.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$379.00
Your Price $379.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

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