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The Casual Tax Preparer: 1040 Forms Update for 2016 (CASU16)
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 Export to Your Calendar 12/27/2016
When: 12/27/2016
8:30 AM until 4:30 PM
Where: LCPA - Training Facility
2400 Veterans Memorial Blvd
Suite 500
Kenner, Louisiana 
United States
Presenter: William F. Taylor


Online registration is available until: 12/27/2016
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Acronym CASU16
CPE 8 hours
Vendor
Category
Taxation
Level Intermediate
Prerequisite Basic familiarity with tax rules relating to individual taxation
Adv Prep None
Who should attend

Any person preparing individual income tax returns for the current tax year

Registration Early Bird
(through 12/11)
Standard
(after 12/11)
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.

Description

Many individuals casually prepare a few income tax returns for family members, friends or acquaintances. Many of such preparers are professionals in their field; however, that field is not full-time tax preparation. The manual is designed to provide a preparation update to the casual preparer. The manual involves not only new tax rules for the current year, but also understanding how the new and old rules apply to 2016 tax forms. The up-to-date review of important tax form changes will be invaluable to attendees who prepare tax returns for individuals.

Objectives

  • Be familiar with 2016 income tax forms and schedules for individual clients
  • Understand which income tax returns and schedules have changed
  • Understand individual income tax preparation for 2016

Topics

  • Do I need a PTIN?
  • Am I required to register as an “Authorized e-file Provider?”
  • A tour of the most recent changes starting from gross income and ending with alternative minimum tax (AMT) and selected credits including the latest IRS guidance on significant recent tax legislation
  • 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
  • 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
  • How the Affordable Care Act affects tax returns
  • Review of new laws and changes in old forms to provide a familiarity for the upcoming tax season

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Society of Louisiana
Certified Public Accountants

2400 Veterans Memorial Blvd., Suite 500
Kenner, LA 70062-4739

504.464.1040
800.288.5272 Map/Directions


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