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Advanced Individual Taxation

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Sole Proprietorship:
a comprehensive approach to Schedule C. (Active Course)

Schedule C (Form 1040)

 

PROGRAM INFORMATION

 

Program Name:
Sole Proprietorship: a comprehensive approach to Schedule C.

 

Program Description:

This program provides a deeper knowledge on individual taxation for those who are already familiar with a series 1040 form.  It adds some complexity on an individual return preparation by describing income and allowable expenses for the self-employed and independent contractors.  It also pays particular attention to subjects as business use of a vehicle, introduces concepts somewhat more complicated like depreciation and amortization, self-employment tax and use of a home for business purposes.

 

Syllabus:
As a result of participating in this program, attendees will be able to understand and explain the following:

  • The advantages and disadvantages of running a Sole Proprietorship as the simplest form of business from a taxation standpoint.
  • Relevant aspects to consider when determining whether an activity is carried on for profit or if it may be catalogued as a hobby.
  • Accounting methods available for the purpose of measuring the business’ performance.
  • The type of TIN needed to compliantly run the business: SSN or EIN.
  • The importance of discerning between personal and business expenses.
  • Sources of income and supporting requirements.
  • The different items of expense that can be accounted for and a brief explanation of each.
  • Self-employment tax.
  • Business use and allocation of a vehicle.
  • Assets and their depreciation: normal and accelerated.  Section 179 expense.
  • Other asset amortization.
  • Business use of a home

 

Number of Credit Program Hours: 4

 

Targeted Audience:
The program is intended for an audience of practitioners who already possess some basic understanding of individual taxation.  

 

Format: Live Presentation
Availability: According to schedule
Price: $99.00



Schedule A: how to compliantly maximize the benefit of itemizing deductions.

Schedule A (Form 1040)

 

PROGRAM INFORMATION

 

Program Name:
Schedule A: how to compliantly maximize the benefit of itemizing deductions.

 

Program Description:

The program covers Form 1040, Schedule A, line by line. 

 

Syllabus:
As a result of participating in this program, attendees will be able to understand and explain the following:

  • The difference between Standard and Itemized deductions (Schedule A).
  • Accounting for unreimbursed medical expenses.
  • State and local, income and/or sales taxes; real estate, personal property and other taxes.
  • Mortgage interest, points, mortgage insurance premiums and investment interest.
  • Gifts to charities, either by cash or in kind and carryover from prior year.
  • Casualty or theft and losses.
  • Unreimbursed employee expenses and certain miscellaneous deductions.

 

Number of Credit Program Hours: 3

 

Targeted Audience:
The program is intended for an audience of practitioners who already possess some basic understanding of individual taxation.  

 

Online Format (Webinar)
Material: Written outline (pdf)
Availability: According to schedule
Price: $85.00

Self-Study Format
Material: Written outline (pdf)
Availability: Immediate
Price: $49.00



Taxation and reporting of personal investment income:
Form 1040 Schedule B.

Schedule B (Form 1040)

 

PROGRAM INFORMATION

 

Program Name:
Taxation and reporting of personal investment income: Form 1040, Schedule B.

 

Program Description:

The program covers Form 1040, Schedule B, providing the basics of interest and investment income.  

 

Syllabus:
As a result of participating in this program, attendees will be able to understand and explain the following:

  • Reporting of interest earned on bank accounts and/or brokerage firms.
  • Taxation of ordinary dividends.
  • Reporting of Foreign Bank and Financial Accounts.

 

Number of Credit Program Hours: 2

 

Targeted Audience:
The program is intended for an audience of practitioners who already possess some basic understanding of individual taxation.   

 

Online Format (Webinar)
Material: Written outline (pdf)
Availability: According to schedule
Price: $65.00

Self-Study Format
Material: Written outline (pdf)
Availability: Immediate
Price: $39.00



Tax Treatment of Capital Gains and Losses:
Form 1040 Schedule D.

Schedule D (Form 1040)

 

PROGRAM INFORMATION

 

Program Name:
Tax Treatment of Capital Gains and Losses: Form 1040 Schedule D.

 

Program Description:

Thorough review of Schedule D (Form 1040), capital gains or losses form sales and other dispositions of capital assets.  Reporting of a shareholder’s undistributed long-term capital gain; installment sales income; sales of business property (involuntary conversions and recapture amounts), casualties and thefts and like-kind exchanges.  Gains or Losses form a partnership, S corporation, estate or trust.  Carryover of capital losses.

 

Syllabus:
As a result of participating in this program, attendees will be able to understand and explain the following:

  • The definition of a Capital Asset
  • How to report the sale or exchange of a capital asset.
  • Basis and recordkeeping.
  • Short term and long term capital gains or losses.
  • Distributions
  • Sale of a home
  • Partnership interests
  • Tax treatment of securities trades.

 

Number of Credit Program Hours: 4

 

Targeted Audience:
The program is intended for an audience of practitioners who already possess some basic understanding of accounting and individual taxation.

 

Live Course Format
Material: Written outline
Availability: According to schedule
Price: $150.00

Online Format (Webinar)
Material: Written outline (pdf)
Availability: According to schedule
Price: $125.00

Self-Study Format
Material: Written outline (pdf)
Availability: Coming soon
Price: $99.00



Income from rental real estate, royalties, partnerships, S corps, estates, trusts, REMICs, etc. Form 1040 Schedule E.

Schedule E (Form 1040)

 

PROGRAM INFORMATION

 

Program Name:
Income from rental real estate, royalties, partnerships, S corps, estates, trusts, REMICs, etc.  Form 1040 Schedule E.

 

Program Description:

Comprehensive review of Supplemental Income or Loss reported on Schedule E (Form 1040).

 

Syllabus:
As a result of participating in this program, attendees will be able to understand and explain the following:

  • Income or loss reporting.
  • At-Risk rules.
  • Passive activity loss rules
  • Rental Real Estate and Royalties income and expenses.
  • Partnership and S corporations’ income and expenses.

 

Number of Credit Program Hours: 4

 

Targeted Audience:
The program is intended for an audience of practitioners who already possess some basic understanding of both individual and corporate taxation.  

 

Live Course Format
Material: Written outline
Availability: According to schedule
Price: $150.00

Online Format (Webinar)
Material: Written outline (pdf)
Availability: According to schedule
Price: $125.00

Self-Study Format
Material: Written outline (pdf)
Availability: Coming soon
Price: $99.00



Individual Retirement Plans: understanding the tax benefits of IRAs (Traditional and Roth) and Keogh Plans.

Individual Retirement Plans.

 

PROGRAM INFORMATION

 

Program Name:
Individual Retirement Plans: understanding the tax benefits of IRAs (Traditional and Roth) and Keogh Plans.

 

Program Description:

Broad review of the tax benefits available through the establishment of retirement accounts at the individual level.

 

Syllabus:
As a result of participating in this program, attendees will be able to understand and explain the following:

  • The difference between a savings vehicle and a tax shelter.
  • The reasons why setting up an IRA is practice encouraged by the government, even though it represents some latitude on its tax collection efforts.
  • Pretax and after tax contributions, and distributions.

 

Number of Credit Program Hours: 2

 

Targeted Audience:
The program is intended for an audience of practitioners who already possess some basic understanding of individual taxation.  

 

Online Format (Webinar)
Material: Written outline (pdf)
Availability: According to schedule
Price: $65.00

Self-Study Format
Material: Written outline (pdf)
Availability: Coming soon
Price: $39.00