Course ID: PCR

Preparing Complex 1040s, Calculate NOLs


For many clients, tax simplification is only an empty promise from politicians. This program is designed for the accountant who is ready to handle the most complex individual client’s income tax preparation.


LEARNING OBJECTIVES
  • Solve complex 1040 problems
  • Consider proper presentation strategies
  • Use appropriate disclosures to avoid penalties
  • Anticipate and create opportunities for tax reduction

MAJOR TOPICS
  • All new tax legislation
  • ? Dealing with the net investment income tax and related add-on Medicare tax
  • ? Passive losses: Tracking, Triggering, and grouping activities in order to reduce passive income
  • ? Losses limited by lack of at-risk basis
  • Calculation of NOLs for regular tax and AMT
  • ? Computing carryback benefits and the option of foregoing a carryback
  • ? Alternative Minimum Taxation
  • ? Tax Deferred Exchanges under 10

DESIGNED FOR
Practitioners with experience preparing 1040s

PREREQUISITES
Two or more years preparation experience

COURSE PRODUCER
Nichols Patrick CPE, Inc

CPE CREDITS
8.0

LEVEL
Intermediate

This course is available to be scheduled as:

Group Live
 

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Or, contact BLI: 888-481-3500 or learn@blionline.org