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CPE Self-Study
1040 Tax Return Workshop
NASBA FIELD OF STUDY
Taxes
LEVEL
Intermediate
CPE CREDITS
Text: 39.5, Text + Video: 34.5, Online: 24.0, Video: 6.5
Provides the latest tax reform, legislative guidance and technical knowledge you need to service your individual and business tax clients.

PFP and Tax Section Members qualify for an additional 10% discount!

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CPE On-Demand
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Product details

Individual tax returns – from soup to nuts

Who Will Benefit?

  • CPAs working with clients or employers requiring up-to-date expertise in individual income taxation for the current tax season.

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

Learning Objectives

  • 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.
  • Recognize and apply rules related to health savings accounts.
  • 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 the various types of retirement plans available to self-employed individuals and calculate allowable contributions to such plans.

2019 self-study text now available. More formats coming soon.

The biggest overhaul of the Internal Revenue Code since 1986, The Tax Cuts and Jobs Act passed by the U.S. Congress created a lot of uncertainty and a new appreciation for the complexity of our tax system for individual taxpayers accustomed to income tax refunds.

Created to help you reinforce your understanding of frequently used principles and receive a wealth of tax-planning tips and strategies, this CPE self-study course provides the technical knowledge you need to service your individual and business tax clients. The course includes:

  • How to apply the latest changes when preparing federal income tax returns.
  • How to advise clients on new developments and tax-saving ideas for individuals.
  • Insight from nationally recognized tax experts.

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.

Table of contents
Ratings and reviews
Author(s)

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.

Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 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 specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.

Price:
$369.00
Member Quantity:
Nonmember Quantity:
Quantity:
Estimated total:
$369.00
Add to cart
CREDIT INFO
CPE credits
Text
: 39.5,
Text + Video
: 34.5,
Online
: 24.0,
Video
: 6.5
NASBA Field of Study
Taxes
Level
Intermediate
Prerequisites
Knowledge of individual income taxation and Form 1040 preparation
ADVANCE PREPARATION
None
Delivery Method
QAS Self-Study
Course acronym
IITW
GROUP PRICING
Contact a representative for group pricing.
Telephone: 800.634.6780 (Option 1)
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