1040 Workshop for Experienced Preparers
Description:
1040 WORKSHOP FOR MORE EXPERIENCED PREPARERS
A forms-oriented discussion of the many of the important changes made by the Tax Cuts and Jobs Act in areas such as:
- Reduction in individual income tax rates
- Increase in the standard deduction, suspension of the deduction for personal exemptions and moving expenses
- Enhancement of child tax credit and new family tax credit
- Modification of deduction for home mortgage interest, SALT, casualty losses, and charitable contributions
- Repeal of miscellaneous itemized deductions; reduction in floor for deduction of medical expenses
- Repeal of special rule permitting re-characterization of IRA contributions to a ROTH
- Modification of depreciation limits for luxury autos; small business accounting method reform and simplification; modification of the deduction for net operating losses, entertainment, etc. expenses, and business interest... and more
Highlights:
Features of 2017 TCJA which impact tax reporting and form filing for individual taxpayers.
Objectives:
Provide 1040 tax preparers with competency and confidence in understanding and dealing with nuances & implications of TCJA for clients who file Form 1040.
Category:
TX
Credits:
8
Course Level:
Advanced
Vendor:
Boston Tax Institute, Ltd.
Location:
Fireside Inn & Suites
81 Riverside Street
Portland, ME 04103
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Start:
December 6, 2019 8:30am
End:
December 6, 2019 4:30pm
Check-in starts at 8:00am
Leader:
Designed For: