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Wednesday, October 28, 2020 Webcast

Technical Individual Practice Issues and Tax Forms for Experienced Practitioners (X1-ATFI-2020-01-WEBNR-302-01)

9:00 AM - 5:00 PM EDT
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 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

  • What’s NEW for this year - Aimed at higher level staff issues and planning
  • Qualified Business Income - Coverage of 199A including the real estate safe harbor, wages, basis in assets, and so on
  • A tour of the most recent forms changes, starting from gross income and ending with alternative minimum tax (AMT) and selected credits including the latest IRS guidance on significant recent tax legislation
  • How will clients (and practitioners) interact with the IRS in the future?
  • Hot, hidden, or miscellaneous developments affecting the upcoming tax season Things your parents taught you?
  • Utilizing the ABLE program
  • Advanced practice, reporting, and other issues intertwined with advanced planning and discussion ideas
  • 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

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. 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 Director, Tax and Advisory Content, with Surgent. In addition to instructing continuing professional education seminars for 29 years, he also writes, edits, and/or updates many Surgent 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, 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

$249.00 - Member

$259.00 - Nonmember

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

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COURSE DEVELOPER

Surgent