Form 1040: A Hands-On Workshop Self-Study Webinar (10 Hours)


Form 10-K is the major year-end reporting process for companies filing an annual report with the SEC. Current requirements make it crucial to fully understand the legal, accounting and disclosure rules. Using recent 10-Ks filed with the SEC, this self-study webinar will give you the ability to:

  • Master the Form 10-K process
  • Understand the SEC’s Smaller Reporting Company System
  • Stay updated on the SEC’s disclosure guidance
  • Avoid SEC triggers for comments and regulatory actions

To provide accountants and other financial professionals with a detailed knowledge of how to complete Form 10-K. Participants will gain practical experience by working through examples of actual 10-Ks on an item-by-item basis.

  • Benefits of the registrant category “smaller reporting company”
  • Regulations S-K and S-X
  • Detailed review of each 10-K item, specifically:
    – Items 1: Business; and 1A: Risk factors
    – Item 1B: Unresolved SEC staff comments
    – Item 2: Properties
    – Items 3: Legal proceedings; and 4: Mine safety disclosures
    – Item 5: Market for common equity and stockholder matters
    – Item 6: Selected financial data
    – Item 7: MD&A of financial condition and results of operations
    – Item 7A: Quantitative/qualitative disclosures – market risk
    – Item 8: Financial statements and supplementary data
    – Item 9: Changes and disagreements with accountants on financial information and disclosures
    – Items 9A and 9A(T): Controls and procedures; and 9B: Other information
    – Item 10: Directors, executive officers and corporate governance
    – Item 11: Executive compensation
    – Item 12: Security ownership of certain beneficial owners and management
    – Item 13: Certain relationships and related transactions and director independence
    – Items 14: Principal accounting fees/services; and 15: Exhibits
  • CEO and CFO certifications and complying with Sarbanes-Oxley

Identify the requirements for filing MFJ

Identify the characteristics of filing MFS and HOH

Recognize the brackets in which taxpayers suffer from the “marriage penalty”

Recognize taxpayers potentially subject to the kiddie tax

Recognize the latest measurement of inflation

Recognize the limitations of itemizing SALT

Determine the requirements of the qualifying child’s residency test

Recognize the IRS position when a qualifying child spends equal amounts of time as a resident of divorced parents

Identify the ability of a taxpayer to claim dependency exemptions when claimed as a dependent by another taxpayer himself

Identify the basic mechanism by which Congress attempted to lower the tax rate for pass-through income

Recognize the implications of the Section 199A deduction to both lower and higher earning taxpayers

Identify the monetary limits of the child tax credit

Identify the circumstances under which a taxpayer must make estimated tax payments

Identify the additional Medicare tax rate imposed on taxpayers with earned income in excess of their applicable threshold

Calculate the Medicare surcharge tax due on net investment income in excess of the applicable threshold

Identify items of income which would be included in determining net investment income

Identify the levels of insurance coverage representing the minimum coverage under the Affordable Care Act

Recognize the out-of-pocket cost associated with the different levels of insurance coverage

Identify the overall effect of the TCJA on the ACA’s shared responsibility payments

Recognize the capital gains tax rate for those in the lower tax brackets

Recognize the entities from which a taxpayer could receive dividends taxed at the reduced capital gains tax rates

Recognize the amount of income a taxpayer must recognize when renting out their home for fewer than 15 days a year

Recognize the number of days a taxpayer can use a second home for personal use and still have it characterized as investment property

Recognize the order in which expenses are allocated when a home is used for both vacation and personal use

Recognize the depreciation ramifications when a residential property is converted to a rental property

Identify the amount a taxpayer can exclude from the gain on the sale of a personal residence

Identify the time frame a surviving spouse is given to fully utilize the residential gain exclusion

Identify the amount of the allowable passive loss deduction available for taxpayers who actively participate in a rental property

Recognize the rules for deducting suspended passive activity losses

Recognize examples of passive losses

Recognize the implications of alimony for agreements entered into both before 2019 and after 2018

Identify the IRA contribution limit for individuals past the age of 49

Identify early IRA withdrawals not subject to penalty

Identify the characteristics of a Roth IRA

Identify the monetary limits of deductible interest payments on student loan debt

Identify the monetary limits of deductible tuition/fees

Recognize the increased AGI limitations of charitable gifting under the TCJA

Recognize the threshold at which a taxpayer must obtain contemporaneous, written acknowledgement of charitable contributions

Recognize the threshold at which a taxpayer must obtain an appraisal for charitable contributions of property

Identify the advantages of making IRA distributions directly to a charity

Recognize the time frame within which a taxpayer may claim the American Opportunity Tax Credit





No advance preparation required.

Level of Knowledge: 


CPE Credit: 
NASBA Field of Study: