Preparing Individual Tax Returns for New Staff and Para-Professionals (PITR116)
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When: 12/07/2016
8:30 AM until 4:30 PM
Where: LCPA - Training Facility
2400 Veterans Memorial Blvd
Suite 500
Kenner, Louisiana 
United States
Presenter: Donald B. Cooley

Online registration is closed.
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Acronym PITR16
CPE 8 hours
Vendor Surgent McCoy CPE
Level Basic
Prerequisite None
Adv Prep None
Who should attend

New staff and para-professionals who prepare individual returns.

Registration Early Bird
(through 11/20)
(after 11/20)
Member $289 $339
CPA Non-Member $389 $439

The Member rate applies to LCPA members, reciprocal state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.


The objective of this course is to train new staff accountants, data processing employees, para-professionals, and bookkeepers to prepare a complicated federal individual income tax return. Over the years, thousands of new staff have received practical, hands-on experience to become familiar with most tax forms. This course covers the latest tax law changes, making it essential for your new staff.


  • Learn complicated issues of filing status and dependency exemptions
  • Learn about taxable/tax-exempt interest issues and dividend income
  • Understand issues with reporting capital gains transactions
  • Complete a comprehensive problem related to Schedule C of the Form 1040 and also one related to Form 4797
  • Overview of passive activity rules
  • Complete a comprehensive problem related to Schedule A
  • Learn about IRA contributions, Self-employed retirement plans, child-care credits, and the adoption tax credit
  • Complete a comprehensive problem related to computation of an individual’s federal income-tax liability


  • Preparation of various Form 1040 individual tax returns and schedules; provided answers include “filled-in” forms
  • Tax filing status – Rules for filing status and planning opportunities and pitfalls
  • 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
  • Sale and exchange of property – Understanding Form 4797 and depreciation recapture; capital gains
  • Schedule C deductions
  • 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 computation – The Kiddie tax, AMT, regular tax, tax credits
  • Individual problems illustrating form preparation for various items
  • Impact of recent legislation and forms changes on the 1040