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Friday, December 16, 2022 Live Webcast

Surgent's Advanced Individual Income Tax Return Issues (E2212151)

9:00 AM - 4:30 PM EST

Registration: 8:30 AM EST

webcast

Vendor Platform

8 CPE Credits in TX

OVERVIEW

Most CPAs have been preparing individual income tax returns for years, and while many of the returns are easy, there are always a number of issues that come up in busy season of which experienced practitioners wish they had more knowledge. This course is designed to explore the tough tax issues for experienced practitioners and help them provide better planning strategies and results for their higher income clients.

This course features a live instructor and has been specifically designed for the NJCPA.

DESIGNED FOR

Experienced CPAs who want and need an in-depth knowledge of the most difficult individual income tax return issues

BENEFITS

  • Understand the basics of §199A
  • Understand how to properly report advanced transactions in financial instruments and investments
  • Understand the special problems and new issues for the current return
  • Identify the causes of alternative minimum tax liability and what can be done to reduce or eliminate it

HIGHLIGHTS

  • New issues for the current year tax return and §199A
  • Installment sales — understanding the complicated issues
  • Form 8582: Passive losses with carryovers — Complicated case with filled-in forms
  • Puts, calls, straddling, and unusual investments — Understanding the tax laws and reporting them correctly on the tax return
  • Capital gain and loss issues — The problem with proper reporting of installment sales issues; capital gains and losses; when is a stock worthless; and much more
  • At-risk rules: What a return preparer really needs to know
  • Passive loss issues - You cannot just trust your software. What to watch out for and the questions you need your clients to answer in order to do it right!
  • Incentive and nonqualified stock options - Reporting; key strategies for planning; dealing with the alternative minimum tax
  • Alternative minimum tax- Understanding it; planning strategies to avoid it; using the minimum tax credit; explaining it to a client
  • Form 6251: Detailed calculation example

COURSE LEVEL

Advanced

PREREQUISITES

Extensive experience in preparation of individual income tax returns

ADVANCE PREPARATION

None

ADDITIONAL NOTES

  • Qualifies for IRS credit

INSTRUCTOR

Randy Newton

Randy C. Newton, CPA

Nichols Patrick CPE, Inc.

Randy C. Newton, CPA, CVA, licensed as a CPA in North Carolina and South Carolina, is president and founder of NewtonCPA, PLLC. Randy’s area of expertise is in Corporate, Partnership, and Individual Income Tax Preparation -- utilizing a proactive tax planning model that streamlines, simplifies, and works to reduce tax liabilities for small taxpayers. In addition, he specializes in IRS representation work plus tax planning and research. He also has specialty areas in Business Valuation, as well as Financial Planning. Prior to the creation of his own firm, Randy worked with First Union National Bank (now Wells Fargo) in the Corporate Accounting and Capital Markets Divisions. Randy received his Accounting degree, Cum Laude, from Appalachian State University in 1992 and is a member of Phi Kappa Phi National Honor Society. As a CVA, Randy can place a certified value on closely held businesses for business owners seeking to sell, buy, or merge, or going through an ownership change. Randy is a member of the North Carolina Association of CPAs (NCACPA), former two­time president of the Charlotte Chapter of the NCACPA, and an active member of the American Institute of CPAs (AICPA).

PRICING

$289.00 - Member

$439.00 - Nonmember

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Print a registration form

COURSE DEVELOPER

Surgent

ALSO QUALIFIES FOR