1040 Workshop for Experienced Preparers

Description:

1040 WORKSHOP FOR MORE EXPERIENCED PREPARERS is a 1-day seminar (8 credits) led by Peter Birkholz, EA, MST. Topics include a forms oriented discussion of the changes made by the Tax Cuts and Jobs Act in areas such as the reduction in individual income tax rates, increase in the standard deduction, and suspension of the deduction for personal exemptions; enhancement of child tax credit and new family tax credit; up to 20% section 199A deduction for qualified business income; 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; suspension of deduction for moving expenses and the exclusion of qualified moving expense reimbursements; repeal of special rule permitting recharacterization of IRA contributions to a ROTH; expansion of section 179 expensing; 100% bonus depreciation for property acquired and placed in service after 09/27/17; treatment of leasehold improvement property; 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.

$3/registration donated to Junior Achievement of Maine

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

Registrations are currently closed.

Vendor:

Boston Tax Institute, Ltd.

Location:

Fireside Inn & Suites
81 Riverside Street
Portland, ME 04103
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Start:

December 7, 2018 8:30am

End:

December 7, 2018 4:30pm

Check-in starts at 8:00am

Leader:

Birkholz, Peter

Peter A. Birkholz, MST; Marquette University (BBA); Bentley College Graduate Tax Program (MST); Tax Practitioner in Private Practice, Marlboro.

Designed For:

For experienced tax preparers wishing to familiarize themselves with the implications of the 2017 TCJA on individual tax payers.

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