Weyrich – Simulcast: Don Farmer’s 2019 Federal Tax Update
Description
This course is essential for the tax practitioner who wants to update their knowledge of individual income taxation. This course will provide a comprehensive review of Form 1040 complexities. Any changes in tax legislation passed and any important topics that impact clients in these difficult times will be discussed during the lecture.
Learning Objectives
Recognize both an update and instructions so that the participants will have the necessary knowledge to complete IRS Form 1040 for the 2017 tax season.
Major Topics
*Review of essential IRC Sections
Review of new legislation
New credits, deductions and tax relief for 2017
Review of all tax credits
Alternative Minimum Tax legislation and other extenders
IRS collection issues and lien relief
Reporting fraud losses and repayment of fraudulent gains
Online sellers and bartering
Alternatives for required minimum distributions in 2017
Income and exclusions from cancellation of debt
Reporting foreclosures or repossessions of residences and other real estate
