Overview:
Constant changes to the tax code make Form 1040 preparation an ongoing adventure. This continually updated workshop gives you the confidence to:
- Prepare tax forms, schedules and worksheets using the most recent forms available
- Gain a working knowledge of tax law
- Understand recent developments affecting individual tax returns
Objective:
To give financial professionals a thorough review of, and an update on, Form 1040s. You will survey expiring tax law provisions to take effect in 2012 and beyond. You will also examine areas of the form that can cause confusion.
Emphasis:
- Impact of recent legislation on preparation of Form 1040
- Treatment and outlook for expiring tax law provisions
- Dependency exemptions
- Kiddie tax
- Child tax credit
- Education credits
- Education-related expenses
- State tax deduction alternatives
- Capital gains tax
- Sale of principal residence
- Employee business expenses
- Charitable contributions
- Miscellaneous deductions limitation and exceptions
- Self-employment tax
- Tax credits for adoption and dependent care
- Energy and transportation tax credits
- Alternative minimum tax and credits
