Preparing Individual Tax Returns for New Staff and Para-Professionals (VIRTUAL SEMINAR) -More Courses
PITR-DM | Virtual Live | Basic | Scheduled
Please note: This seminar will only be available via live webcast.
New staff and para-professionals who prepare individual returns
To train new staff accountants, data processing employees, para-professionals, and bookkeepers to prepare a complicated federal individual income tax return
- Preparation of various Form 1040 individual tax returns and schedules; provided answers include “filled-in” forms
- Taking initiative in difficult assignments; can you deliver the QBI message? Full coverage of §199A qualified business income, its calculation, limitations, and examples
- Form 8867 – Protecting practitioners
- Dividends and interest – Ordinary, return of capital, and capital gain distribution dividends; tax-exempt interest, original issue discount, etc.
- Security transactions – From Form 1099-B to Form 8949 to Schedule D, plus mutual fund sales and related basis issues
- Self-employed person issues
- Schedule C deductions including depreciation
- Sale and exchange of property – Understanding Form 4797 and depreciation recapture; capital gains
- A working understanding of passive losses – How to handle rental property and how the passive loss rules flow to the tax forms
- Itemized deductions – A thorough understanding of what’s deductible and what’s not
- Interest deductions – Limitations and timing problems
- Retirement contributions and education credits and deductions
- Tax computations – The Kiddie Tax, AMT, regular tax, tax credits
- Individual problems illustrated by form preparation for various items, with numerous “practice tips”
- Impact of recent legislation and forms changes on the 1040
Randy C. Newton
Randy C. Newton, CPA, is president/partner and founder of Newton Greene & Associates, PLLC. Randy’s area of expertise is the Corporate, Partnership and Individual Income Tax utilizing a pro-active tax planning model that streamlines, simplifies and works to reduce tax liabilities for small businesses. In addition, he specializes in tax research with a focus on SC and NC state and local issues. Prior to founding of Newton Greene, Randy worked with First Union National Bank in their Corporate Accounting and Capital Markets Division. Randy received his Accounting degree, Cum Laude, from Appalachian State University in 1992 and is a member of Phi Kappa Phi National Honor Society.