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1040 Workshop for Experienced Preparers (ME22-40/22)

Member Price $298
Non-Member Price $298
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January 10 @ 9:00 am - 4:30 pm

Event Description

This 8-hour live video conference (8 CPE credits) is unique in that it is a forms-oriented review of Form 1040, presented by Peter A. Birkholz, MST, EA. Peter has extensive experience as a tax practitioner, a strong background in computerized tax return preparation and regularly acts as a paid consultant in many of the substantive tax areas discussed in this program.  This program runs from 9:00am-4:30pm with questions and comments expected and encouraged before, during, and after the program until everybody taps out. 

Designed For

Tax preparers, advisors and estate planners.

Objectives

Provide tax professionals with a detailed knowledge of  IRS Form 1040 and the important regulatory changes impacting its preparation.

Major Subjects

Consolidated Appropriations Act, 2021 (CCA, 2021) including clarification of tax treatment of covered loans (First Draw and Second Draw PPP loans), EIDL advances (up to $10,000), and SBA subsidies; authority to waive certain information reporting requirements (Form 1099-C); extension of credits for paid sick and family leave; extension of various expiring provisions; clarifications and technical improvements to the employee retention credit including the extension and modification of the ERC through 06/30/21. Changes made by the American Rescue Plan Act of 2021 (ARPA) including the $1,400 recovery rebates for individuals; enhanced child tax credit and advance payments beginning on 07/15/21 through 12/31/21; enhanced EITC; elective substitution of earned income in 2019; refundability and enhancement of child and dependent care credit; credits for paid sick and family leave; credit for sick leave for certain self-employed individuals; credit for family leave for certain self-employed individuals; extension of employee retention credit for wages paid after 06/30/21 and before 10/01/21 (before 01/01/22 for “recovery startup businesses.Status of Form 3115 regarding leasehold improvements under Rev. Proc. 2020-25, missed depreciation, and the missed election out of bonus depreciation on prior year tax returns; the new required method for filling Form 3115 for changes in methods of accounting; a complete discussion of the methodology for analyzing an expenditure and treatment as a capitalized expense, a Section 162 expense, or as a write-off under the de minimis rule in Section 263(a)-1(f); and much more. 

Prerequisites

Familiarity with IRS Form 1040.

Instructions

None

Details

Date:
January 10
Time:
9:00 am - 4:30 pm
Credit:
8 Credits

Other

Credit Hours
8
Max Registrations
40
Course Type
Live Video Conference
Course Level
4