Individual Tax Workshop - Advanced
Participants will review the rules, regulations, and forms required for the filing of the individual income tax return. This two-day program will use the Form 1040 to highlight commonly encountered problems.
Discuss the latest changes and legislative developments affecting individuals
Calculate the Kiddie Tax and complete Form 8615 and Form 8814
Calculate depreciation, including bonus depreciation, half-year and mid-quarter conventions, and 179 additional first-year depreciation
Determine the proper tax treatment of payments for alimony and child support
Determine the deductibility of travel and entertainment expenses
Calculate the deduction under 199A for qualified business income
Calculate alternative minimum tax and identify individuals likely to be affected by AMT
Discuss capital gains and losses, sale of business property and Form 4797, sale of principal residence, like-kind exchanges and Form 8824, installment sales and Form 6252, basis
Describe filing requirements, including penalties and payments of estimated tax
Calculate itemized deductions, including qualified residence interest, qualified housing interest, charitable contributions, and miscellaneous itemized deductions
Explain the deductibility of losses, including passive activity losses, vacation homes, office in the home, and hobby losses
Describe the tax effect of contributions to and distributions from qualified plans, including IRAs and penalty taxes
Determine if income is subject to self-employment tax
Describe the requirements for filing Form 1099s and penalties for noncompliance
Calculate common refundable/nonrefundable credits including Nanny Tax (Schedule H).
Early Registration Member Fee
Applicable if you are a HSCPA member in good standing and register by November 25, 2019.
Applicable if you are a HSCPA member in good standing.
Early Registration Non-Member Fee
Applicable if you are not a HSCPA and register by November 25, 2019.
Applicable if you are not a HSCPA member.
Neighbor Island Discount
Applicable for Neighbor Island members in good standing
Associate Neighbor Island Discount
Applicable for Associate Neighbor Island members in good standing