Customer Service: 800-778-7436     

    Log In to Your Surgent Account

    Forgot?
    Forgot?

    Register for an Account

Sign In to Your Surgent Account

Forgot Username or Password | Register for an Account

Choose CPE Format:

Live Webinar SELECT STARTING AT $219

Credits: 8

Qualifies For: IRS

$219

Upcoming webinars

December 12, 2016
09:00 am - 05:00 pm (EST)

Instructor(s): Dennis Benvie, MS, CPA

January 20, 2017
09:00 am - 05:00 pm (EST)

Instructor(s): Dennis Benvie, MS, CPA

January 31, 2017
09:00 am - 05:00 pm (EST)

Instructor(s): Dennis Benvie, MS, CPA

See More Upcoming Webinar Dates >

NO HASSLE REFUNDS & TRANSFERS
EASY CANCELLATIONS
Self-StudySELECT STARTING AT $125

Downloadable PDF

Credits: 8

Qualifies For: IRS

$125

Textbook

Credits: 8

Qualifies For: IRS

$140

On-Demand Webcast

Credits: 8

Qualifies For: IRS

$155
Get this course FREE with an Unlimited Package! Learn More
  • Good content, good pace. Very productive.

    - Surgent customer

Interested in bringing this course into your firm?

PRIVATE WEBINARS AND LIVE ON-SITE COURSES ARE AVAILABLE. LEARN MORE.

Preparing Individual Tax Returns for New Staff and Para-Professionals (PITR)

  • Customer Rating
  • Field of Study
    Taxes
  • Level
    Basic
  • Credits
    8
  • Qualifies for

    IRS CPE

Overview

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 the Protecting Americans Against Tax Hikes (PATH) Act of 2015.

Major Topics:

  • 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 
  • How the Affordable Care Act affects tax returns
  • 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 

Learning Objectives

  • 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

Who should take this course:

Designed for:

New staff and para-professionals who prepare individual returns

Prerequisite:

None

Advanced Preparation:

None

Loading...

Loading...

Thank You!

YOU HAVE ADDED THE FOLLOWING TO YOUR CART:


Loading...

Thank You!

Thank You! Your request has been submitted.



Get More with a Surgent CPE package

Self-Study Library Package

  • Unlimited 24/7 access to 200+ downloadable self-study courses

  • Courses range from 2-20 credits

  • Provides online grading & CPE certificates by email

$499

Learn More

Unlimited Webinar Package

  • Unlimited access to all non-premium live CPE webinars

  • Includes 1-, 2-, 3-, 4-, and 8-hour webinars, including Saturday and evening options

  • Access through 12/31/16

$649

Learn More

Unlimited Plus Package

  • Unlimited access to ALL live CPE webinars

  • Includes all premium courses and virtual conferences

  • Unlimited 24/7 access to all self-study courses

  • Includes all on-demand webcasts Access for a year from purchase date

  • Unlimited 24/7 access to all self-study courses

$849

Learn More
  • CPE Continuing Professional Education for CPAs

  • IRS Continuing Education for EAs and the AFSP program

  • CFP Accepted by the CFP® Board

  • YB YellowBook Continuing Education

Explore Additional Courses by Topic

SURGENT IS APPROVED AS A PROVIDER OF CONTINUING EDUCATION BY:

Thank You!

Thank You! Your subscription has been submitted.