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1040 Tax Return Workshop
CPE Self-study

1040 Tax Return Workshop

Provides the latest tax reform, legislative guidance and technical knowledgeyou need to service your individual and business tax clients.

$215.10 - $375
Do you have an AICPA membership? Log in to apply your member discount.

Format

Online, Text

NASBA Field of Study

Taxes

Level

Intermediate

CPE Credits

25

Author(s)

Wendy E. Kravit

Availability

Learning Outcomes
  • Determine the filing status of individual taxpayers.
  • Recognize who can be claimed as a dependent by a taxpayer.
  • Identify when Social Security benefits become taxable.
  • Determine the amounts allowable for deducting travel and transportation expenses, meal expenses, and entertainment expenses.
  • Identify deductible student loan interest and what qualifies for the higher education tuition deduction.
  • Recognize and apply rules related to health savings accounts.
  • Determine the proper reporting of tip income, employee stock options, nonqualified deferred compensation, fringe benefits.
  • Identify all issues related to hobby activities.
  • Recognize the tax implications of having rental real estate classified as an active or passive activity.
  • Determine the proper tax treatment for fringe benefits, retirement plan distributions, and foreign earned income.
  • Identify and apply the rules for depreciation and amortization deductions.
  • Calculate gains and losses from property transactions.
  • Distinguish between different recapture provisions
Key Topics
  • New Tax Developments
  • The Tax Cuts and Jobs Act of 2017
  • Dividends, interest, and planning opportunities
  • Compensation issues, deferred plans, fringe benefits
  • Distributions from IRA’s and other qualified plans
  • Gross income exclusions
  • Passive losses and hobby activity rules
  • Vacation homes, home offices, bad debts
  • Travel and entertainment
  • Depreciation and Amortization
  • Gain and loss recognition and basis rules
  • Property transactions - capital gain vs ordinary income
  • Self-employed health insurance, alimony, and other adjustments to income
  • Itemized Deductions
  • Tax computations, health insurance and other tax credits
Product Details

Apply the latest tax law changes.

The Tax Cuts and Jobs Act, passed by Congress and signed by President Trump, was the biggest overhaul of the Internal Revenue Code since 1986.

The Act created many unhappy surprises for individual taxpayers accustomed to income tax refunds. In addition, there have been a flurry of legislative changes as Congress tries to soften the impact of Covid 19 and other world events affecting taxpayers and the U.S. Economy.

This comprehensive CPE self-study course provides the technical knowledge tax professionals need to service their individual and business tax clients. Learn how to apply the latest tax law changes when preparing federal income tax returns, and advise clients on new developments and tax-saving ideas for individuals.

Reinforce your understanding.

The video portion covers:

  • Insight from nationally recognized tax experts
  • Frequently used principles
  • A wealth of tax-planning tips and strategies

Make sure you are armed with the latest tax reform and legislative guidance to better serve your clients in the constantly changing landscape of Individual Income Taxation.

Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
Online
$299.00
Text
$375.00
AICPA Members
Online
$239.00
Text
$295.00
PFP Section Members
Online
$215.10
Text
$265.50
Tax Section Members
Online
$215.10
Text
$265.50

Looking for group pricing?

We can help with discounts for group orders. Call us at 800-634-6780 (option 1), start a live chat with the icon to the right, or send us a note below.

Contact us
Credit Info
CPE Credits
Online
25
Text
39.5
NASBA Field of Study
Taxes
Level
Intermediate
Prerequisites
Knowledge of individual income taxation and Form 1040 preparation
Access
Online
This is a digital product. You will have access to the content for 1 year after purchase date.
Instructors
Wendy E. Kravit
CPA
"Wendy Kravit, CPA, MBA started her career working for the Internal Revenue Service as a Revenue Agent. After spending a few years with the government, she left the Service and joined the faculty of Northern Illinois University where she taught federal taxation in both the undergraduate and graduate programs. She also operated a sole proprietorship in Northern Illinois where she specialized in tax and representation before the IRS. She sold her practice in Illinois and moved to Maryland in 2004 where she continues to teach and consult. Ms. Kravit had been an active member of the Illinois CPA Society where she served on the Tax Executive Committee for many years. She was a steady member of the task force and occasionally the Chairman for the Annual Illinois CPA Society Federal Tax Conference. She has reviewed textbooks for publishers and she has written tax articles for various publications including the Tax Advisor. Currently, Ms. Kravit is a former member of the AICPA's IRS Practice and Procedures Committee. Wendy is author of several continuing education tax courses for the AICPA."
Accessibility

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services. The Association is committed to making professional learning accessible to all. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. For accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

1040 Tax Return Workshop
Select from the following options:
Online
$299.00
Text
$375.00
Nonmember Price
$375.00
Price excluding sales tax
$375.00
Do you have an AICPA membership? 
Log in to apply your member discount.

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