Name: Individual Tax Return Preparation (ITRP)
SKU: ITRP
Price: 79.99 USD
Availability: InStock

Additional information

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Basic

Preparation of various Form 1040 individual tax returns and schedules; provided answers include “filled-in” forms
Coverage of §199A qualified business income, its calculation, limitations, and examples
Itemized deductions – A thorough understanding of what’s deductible and what’s not
Charitable contributions substituting for taxes, IRS says - No!
Interest deductions – Limitations and timing problems
Retirement contributions and education credits and deductions
Tax computations – The Kiddie Tax, AMT, regular tax, tax credits
Dividends and interest – Ordinary, return of capital, and capital gain distribution dividends; tax-exempt interest, original issue discount, etc.
Security transactions – From Form 1099-B to Form 8949 to Schedule D, plus mutual fund sales and related basis issues
Self-employed person issues
Schedule C deductions including depreciation
Sale and exchange of property – Understanding Form 4797 and depreciation recapture; capital gains
A working understanding of passive losses – How to handle rental property and how the passive loss rules flow to the tax forms
Individual problems illustrated by form preparation for various items, with numerous “practice tips”
Impact of recent legislation and forms changes on the 1040

Learn complicated issues of filing status and dependency exemptions
Learn about Schedules A, B, C, D, E, and SE; Forms 8867, 4797, and 4562; passive rules and more
Complete comprehensive problems related to Schedules A, C, and D; Forms 4797, 6251, and more, all with “filled-in” forms
Learn about IRA contributions, self-employed retirement plans, child-care credits, and the adoption tax credit

New staff and para-professionals who prepare individual returns

Individual Tax Return Preparation (ITRP)