2020 Mid-Year Federal Tax Update: Individual (scheduled webinar)

  • Credits: 5
  • Format: Scheduled "Live" Webinar
  • Field of Study: Federal Tax Update
  • Author/Speaker: Art Werner
Course ID: Advanced Preparation: Experience Level:
EWTFM-U-01666-20-O | 6233-CE-0393 None Overview
Published Date: Program Prerequisites: Other Course Formats:
© October 2020 Basic Understanding of Taxation Live Webinar

COURSE DESCRIPTION

This course is essential for the tax practitioner who wants to update their knowledge of individual income taxation. This course will provide a comprehensive review of Form 1040 and schedules A-F, SE, 2106, 1099, and 1098 complexities, including, updates of tax legislation and planning strategies to better assist your clients.

Topics include:

  • Review of essential IRC Sections
  • Review of new legislation
  • New credits, deductions, and tax relief
  • Alternative Minimum Tax issues
  • Individual retirement plan issues
  • Secure Act passed in late 2019
  • Required minimum distributions
  • Income and exclusions from cancellation of debt
  • Reporting foreclosures or repossessions of residences and other real estates

Learning Objectives:

After reading the course material, you will be able to:

  • To provide participants with both an update and instructions so that the participants will have the necessary knowledge to complete IRS Form 1040 for the tax season, and be able to offer tax planning strategies to their clients.

Who Should Attend:

  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Tax Return Preparers (TRPs)

Qualifies and Approved with All State Boards of Accountancy and the following sponsorship’s:

NASBA
IRS
CTEC