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CPE Self-Study

1040 Tax Return Workshop and Video Course

  • $289.00-$369.00
    1040 Tax Return Workshop and Video Course In Stock Product #: 113637
    AICPA Member: $289.00
    Non-Member: $369.00
  • $219.00-$279.00
    1040 Tax Return Workshop (No Video) In Stock Product #: 746411
    AICPA Member: $219.00
    Non-Member: $279.00
  • $299.00-$379.00
    1040 Tax Return Workshop and Video Course Online Access Product #: 153477
    AICPA Member: $299.00
    Non-Member: $379.00
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  • $229.00-$289.00
    1040 Tax Return Workshop (No Video) Online Access Product #: 153801
    AICPA Member: $229.00
    Non-Member: $289.00
  • $199.00-$249.00
    1040 Tax Return Video Course (Video Only) Online Access Product #: 153811
    AICPA Member: $199.00
    Non-Member: $249.00
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Staying current on the fast-paced changes within tax is challenging, yet critical. The comprehensive 1040 Tax Return Workshop, provides the latest practical insights from a nationally recognized tax expert. Reinforce your understanding of frequently used principles and receive a wealth of tax-planning tips and strategies. Look at the most recent tax laws and other developments affecting individuals. Learn how to apply the latest changes when preparing federal income tax returns and advise clients on new developments and tax-saving ideas for individuals. All key tax return issues are covered during this fast-paced, real-world course. Offered in self-study text and online formats for your convenience.

The 1040 Tax Return Video Course, featuring Sidney Kess and a panel of experts, reviews major developments affecting individual federal tax return preparation, useful tax-planning strategies and real-life examples that will help you apply what you've learned. This is offered as a streaming online video.

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Formats available now:
Printed Text Course + Online Video
Printed Text Course (No Video)
Online Course + Online Video
Online Course (No video)
Online Video Only

1040 Tax Return Workshop

Learning Objectives

  • Apply the latest changes when preparing federal individual income tax returns
  • Advise individual clients on new developments and tax-saving ideas

Topics Covered

  • New tax developments
  • Protecting Americans From Tax Hikes Act (PATH Act)
  • Medicare surtax on net investment income
  • Health insurance tax credit, other tax credits
  • Dividends, interest, and planning opportunities
  • Compensation issues, deferred plans, fringe benefits
  • Distributions from IRAs and other qualified plans
  • Gross income exclusions
  • Passive losses
  • Vacation homes, home offices, bad debts
  • Travel and entertainment
  • Depreciation and amortization
  • Gain and loss recognition and basis rules
  • Property transactions - capital gain versus ordinary income
  • Self-employed health insurance, alimony, and other adjustments to income
  • Itemized deductions
  • Tax computations and tax credits
  • S corporation qualifications and election
  • C corporation IRC Section 1244 stock
  • Cash and accrual accounting methods
  • Revenue recognition methods
  • Expensing versus capitalization rules
  • Depreciation and inventories
  • Dividends, interest, and other income
  • Employee benefit and retirement plans
  • Net operating losses
  • Passive activities and at-risk limitations
  • PPACA: net investment income tax, Medicare tax
  • Tax return disclosures
  • Sale of properties
  • Other taxes: alternative minimum tax, accumulated earnings tax, personal holding
  • Tax payments and penalties

1040 Tax Return Video Course

Learning Objectives

  • Identify 2016 IRS areas of focus
  • Recognize impact of 2016 ACA provisions
  • Analyze the effects of new tax legislation, tax court decisions, and IRS guidance

Topics Covered

  • 2016 Key Inflation-Indexed Figures
  • 2016-2017 Hottest Tax-planning Tips
  • Summary of Major Developments
  • 55 Tax Provisions Extended
  • The Affordable Care Act: Impact on 2016 returns
  • What's happening at the IRS
  • Self-employed health insurance
  • Passive Loss strategies
  • Medical expenses
  • State and Local Sales Tax
  • Fringe Benefits
  • Taxation of Social Security benefits
  • Planning for college
  • ABLE Accounts
  • Converting traditional IRAs to Roth IRAs
  • Section 179 expanded for Qualified Real Estate
  • Interest tracing rules
  • Sale of a personal residence
  • Home office and safe harbor rules
  • Health savings accounts
  • Hobby Losses

In this 295 minute video: Sidney Kess, CPA, J.D., LL.M, interviews Joe Bublé, CPA; Vernon B. Hoven, CPA, EA, MST, CSP; Andrew Fair Esq. JD; William Harden, Ph.D., CPA, CFC; Sharon Kreider, CPA, EA; Carolyn Turnbull, CPA, MST, CGMA; Joseph W. Walloch, CPA, CGMA, MBA, MBT; Julie A. Welch, CPA, PFS, CFP; and Christopher Williams, Principal - Ernst & Young LLP.

Discounts

PFP and Tax Section Members qualify for an additional 10% 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 service@aicpa.org

System Requirements

About the Authors

Sidney Kess, CPA, J.D., L.L.M

Of Counsel, Kostelanetz & Fink, LLP
Senior Consultant, Citrin Cooperman & Company

Sidney Kess, Esq., CPA, JD, LLM, was the recipient of the AICPA’s Gold Medal Award for Distinguished Service to the Accounting Profession. This award is the highest award granted to a CPA by the Institute. CPA Magazine selected him as “Most Influential Practitioner.” He is author and co-author of hundreds of tax books on financial, tax, and estate planning. He is one of the nation’s best known lecturers in continuing professional education, having lectured to more than 1,000,000 practitioners. Mr. Kess is Consulting Editor of CCH’s Financial and Estate Planning Reporter. Mr. Kess was Chairman of the Advisory Board of the Tax Hotline and is a member of the PPC, Tax Action Panel. He has edited a column, “Tax Tips,” for the New York Law Journal for the past 47 years.

Mr. Kess edits the AICPA’s CPA Client Bulletin and CPA Client Tax Letter. He is Executive Editor Tax of CPA Magazine, is on the editorial board of the New York State Society of Certified Public Accountants’ The CPA Journal, and is coeditor of that journal’s Financial Planning section. He has also written hundreds of AICPA tax workshops, audio and video programs, and is the recipient of the AICPA Distinguished Lecturer Award. Mr. Kess is often quoted in The Wall Street Journal, The New York Times, and other national publications. He was included in Accounting Today’s “100 Most Influential CPAs in the U.S.” for several years. Mr. Kess was the National Director of Tax at KPMG Main Hurdman and a tax partner at KPMG Peat Marwick. Mr. Kess is the recipient of the AICPA’s "Special Recognition Award" for his many years of contributions to the AICPA’s continuing professional education program and was elected to the Estate Planning Hall of Fame by the National Association of Estate Planners & Councils for his distinguished service to the field of estate planning. Mr. Kess is also a member of the AICPA’s Personal Financial Planning Executive Committee.

Mr. Kess was the recipient of the AICPA’s 2015 Personal Financial Planning Distinguished Service Award.

The AICPA established the Sidney Kess Award for Excellence in Continuing Education to recognize individual CPAs who have made significant and outstanding contributions in tax and financial planning and whose public service exemplifies the CPA profession’s values and ethics. Sidney Kess was the first recipient of this award. Mr. Kess was selected as one of “125 People of Impact in Accounting” by the Journal of Accountancy in its June 2012 issue celebrating the AICPA’s 125th anniversary. Mr. Kess was inducted into the New York State Society of CPA’s Hall of Fame. He recently received the New York State Society’s Outstanding CPA in Education Award.

He received his JD from Harvard University School of Law, LLM from New York University Graduate School of Law, and BBA from Baruch College.

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.

About the Publisher

AICPA

About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.

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