Preparing Individual Tax Returns for New Staff and Para-Professionals (PITR19)
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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 tax forms. This course covers the latest tax law changes, making it essential for your new staff. Updated for impacts of newly enacted legislation.

 Export to Your Calendar 1/16/2019
When: 01/16/2019
8:30 AM until 4:30 PM
Where: LCPA - Training Facility
2400 Veterans Memorial Blvd
Suite 500
Kenner, Louisiana 
United States
Presenter: Jon P. Karp


Online registration is available until: 1/16/2019
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Acronym PITR18
CPE 8 hours
Vendor Surgent
Category
Tax
Level Basic
Prerequisite None
Adv Prep None
Yellow Book? No
Designed For New staff and para-professionals who prepare individual returns.
Registration Early Bird
(through 1/1/19)
Standard
(after 1/1/19)
Member $299 $349
CPA Non-Member $399 $449

The Member rate applies to LCPA members, other 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.

Texas CPAs: Our Texas State Board of Public Accountancy Sponsor number is #010423.

Course Description

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 tax forms. This course covers the latest tax law changes, making it essential for your new staff. Updated for impacts of newly enacted legislation.

Objectives

  • Learn complicated issues of filing status and dependency exemptions
  • Learn about Schedules A, B, C, D, E, and SE; Forms 2106, 4797, and 4562; passive rules and more
  • Complete comprehensive problems related to Schedules A, C, and D; Forms 2106, 4797, 6251, and more, all with "filled-in" forms
  • Learn about IRA contributions, self-employed retirement plans, child-care credits, and the adoption tax credit

Topics

  • Preparation of various Form 1040 individual tax returns and schedules; provided answers include “filled-in” forms
  • Due diligence requirements for the Child Credit and American Opportunity Credit
  • 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
  • Schedule C deductions including depreciation
  • Sale and exchange of property – Understanding Form 4797 and depreciation recapture; capital gains *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, with numerous "practice tips"
  • Impact of recent legislation and forms changes on the 1040