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1040 Tax Return Workshop and Video Course

Author/Moderator: Wendy Kravit, CPA, MBA, Sidney Kess, CPA, J.D., L.L.M
Publisher: AICPA
Availability: 11/01/2016
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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.

Coming in November, 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.

BUNDLE Workshop + Video and SAVE!

Format available now:
Printed Text Course (No Video)

Formats available in November:
Printed Text Course + Online 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 - Available in November

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

Prerequisite: A working knowledge of Individual Income Taxation

Advance Preparation: None

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

NASBA Field of Study: Taxes
Level: Intermediate
Recommended CPE Credit: Text - 28
1040 Tax Return Workshop (No Video)
Text 2016
Product# 746411
Availability: 11/01/2016
AICPA Member:$219.00
Your Price:$279.00
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