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1040 Tax Return Video Course

Author/Moderator: Sidney Kess, CPA, J.D., LL.M.
Publisher: AICPA
Availability: Online Access
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This video-based CPE course, featuring Sidney Kess and an expert panel, reviews major developments affecting 1040 return preparation for 2015 and useful tax-planning strategies.

Topics Discussed:

  • 2015 Key Inflation-Indexed Figures
  • 2015-2016 hottest tax-planning tips
  • Summary of Major Developments
  • Tax provisions of the Highway Funding Bill
  • Tax provisions of the Trade Bill
  • The Affordable Care Act: Impact on 2015-2016 returns
  • Shared Responsibility Payments
  • Healthcare Tax Credit
  • What’s happening with the IRS
  • Effects of the Obergefell Decision
  • Planning for college
  • Property Transactions: Gain and Loss Issues
  • Property Transactions: Capital vs. Ordinary
  • Nonrecognition of Gain Provisions
  • Required minimum distributions
  • Converting traditional IRAs to Roth IRAs
  • Working with the qualified mortgage interest and interest tracing rules
  • Sale of a personal residence
  • Home office safe harbor and deduction
  • Health savings accounts

Learning Objectives:

  • Recognize The Affordable Health Care Act provisions that impact 2015 individual tax returns
  • Recognize tax effects of passage of the Highway Funding Bill
  • Identify American Taxpayer Relief Act of 2012 provisions that impact individual taxpayers for 2015
  • Recognize the impact of selling Section 1202 stock
  • Differentiate between above the line and below the line tax deductions
  • Compare and contrast education savings vehicles
  • Determine disposition of Section 529 plan assets
  • Identify the rules pertaining to ABLE accounts
  • Apply the Net Operating Loss rules
  • Recognize when a taxpayer must take required minimum distribution
  • Determine the impact of the Net Investment Income Tax on the various property dispositions
  • Determine self-employed health insurance deductions
  • Apply IRA and Roth IRA conversion rules and planning
  • Identify rules surrounding household employees

Prerequisite: Knowledge of individual income taxation and Form 1040 preparation

Advanced Preparation: None

This video course is included in the 1040 Tax Return Workshop text and online course bundles.

PFP and Tax Section Members qualify for an additional 20% discount.
When you log into this website with your AICPA member user account, the section/credential discount will be automatically applied during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or

In this 206 minute video: Sidney Kess, CPA, J.D., LL.M, interviews Alan M. Blecher, J.D.; Vernon B. Hoven, CPA, EA, MST, CSP; Ira Kevelson, CPA, JD, LL.M; Stephen J Krass, LL.B, LL.M; Sharon Kreider, CPA, EA; Joseph W. Walloch, CPA, CGMA, MBA, MBT; Julie A. Welch, CPA, PFS, CFP; and Christopher Williams, Principal – Ernst & Young LLP


NASBA Field of Study: Taxes
Level: Update
Recommended CPE Credit: 5.5
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