This course is essential for the tax practitioner who wants to update their knowledge of both individual and business income taxation. This course will provide a comprehensive review of Form 1040 complexities and a comprehensive review of business income tax complexities. It will include any changes in tax legislation passed and any important topics that impact clients will be discussed during the lecture.
Recognize both an update and instructions so that the participants will have the necessary knowledge to complete IRS Form 1040 for the 2017 tax season.
Recognize both an update and instructions so that the participants will have the necessary knowledge
*Review of essential IRC Sections
Review of new legislation
New credits, deductions and tax relief for 2017
Review of all tax credits
Alternative Minimum Tax legislation and other extenders
IRS collection issues and lien relief
Reporting fraud losses and repayment of fraudulent gains
Online sellers and bartering
Alternatives for required minimum distributions in 2017
Income and exclusions from cancellation of debt
Reporting foreclosures or repossessions of residences and other real estate