CPAsNET: Intermediate Individual Taxation (TSE.IIT)

Course Description Schedule

Course Overview

The course price reflects the Association discount - no other discounts apply.

Delivery Format: Internet based virtual platform. Attendees should have a computer equipped with a camera to fully participate in the sessions. CPE credits will be issued by the AICPA. The program will be held over two days, earning 8 hours of CPE credit. Course information:September 25 – 26, 2018, 12:00 pm – 3:45pm Eastern
Product #: TSE.IIT
Fee: $255.20 The fee reflects CPAsNET’s partner discount with the AICPA.
A minimum of ten (10) participants are required to hold this program.
Cancellation Policy: If you need to cancel, please contact Cancellations received by Friday, September 7 will receive a full refund. Cancellations received after this date will receive a credit with the AICPA equal to half of the registration fee.

Instructor:Dennis Riley, CPA, MBA, Mt. Laurel, NJ Dennis Riley has more than 30 years of experience in accounting, consulting, tax preparation, and government representation. He specializes in the tax and business needs of individuals, families, and entrepreneurial small businesses. The AICPA’s Vision Project identified him as an early adopter of new technology and new integrations of accounting and consulting information. He is a frequent lecturer on topics related to for-profit taxation, estates and trusts, business law for accountants, and other related topics. Mr. Riley’s experience includes a range of services including negotiations with federal and state government tax authorities, offers in compromise, closing agreements, strategic business plans, litigation support, record reconstruction, business formation and dissolution, problem solving, and tax preparation. He has resolved multiple-year filing issues, organization issues, and business transition problems.

Course Content

Do you need to reinforce your understanding of frequently used tax principles? Updated for Tax Reform, this fast-paced CPE course provides a wealth of tax-planning tips and strategies and addresses key tax return issues to arm you with the latest guidance to better serve your clients. Get practical insights from nationally recognized tax experts, as well as coverage of the latest tax legislation, tax court rulings, and IRS guidance.

Course Objectives

  • Identify 2017's key inflation-indexed figures.
  • Determine the proper reporting of tip income, employee stock options, nonqualified deferredcomensation, fringe benefits.
  • Identify the characteristics of a hobby loss.
  • Determine whether an activity is a passive activity.
  • Recognize the tax implications of having rental real estate classified as an active or passiveactivity.
  • Recognize how material participation impacts the taxation of an activity.
  • Determine the proper tax treatment upon the disposal of a passive activity.
  • Determine the proper tax treatment for fringe benefits, retirement plan distributions, andforeign earned income.
  • Identify the rules for depreciation and amortization deductions.
  • Calculate gains and losses from property transactions.
  • Identify applicable tax rate on gains from property transactions.
  • Determine the proper tax treatment for losses on stock sales.
  • Distinguish between different recapture provisions.
  • Determine when IRC Section 1244 applies to a transaction.
  • Differentiate between stock traders and investors.
  • Recognize when the provisions under IRC Section 1202 apply to a transaction.
  • Recognize when the like-kind exchange rules apply to a transaction.
  • Recall the rules applying to involuntary conversions.
  • Recall rules regarding the rollover of gains on nonpublic C corporation stock to an employeestock option plan.
  • Determine the proper tax treatment for transfers of property between spouses who aredivorcing.
  • Determine whether the gains relating to the sale of a principal residence are taxable.
  • Identify the various types of retirement plans available to self-employed individuals.
  • Calculate the contributions allowed to self-employed retirement plans
  • Calculate allowable IRA contributions.
  • Identify the exemptions for penalties for early withdrawals from IRAs.
  • Calculate self-employment tax, alternative minimum tax, net operating losses, net operatingloss, carrybacks, and carryforwards.
  • Calculate adoption credit, earned income credit, saver's credit, and residential energy credit.

Key Topics

  • Summary of major individual tax developments
  • Fringe benefits, retirement plan distributions, earned income exclusion
  • Business and rental transactions: hobby losses and passive losses
  • Depreciation and amortization
  • Property transactions gains and losses
  • Property transactions: capital versus ordinary income
  • Property transactions: nonrecognition provisions
  • Adjustments to income: self-employed retirement plans and IRAs
  • Tax computations
  • Tax credits
Online Training
Modality: L
  • United States: US$ 255.20
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