Staff Tax Training: Individuals (Form 1040) | 4171468B

Date :
November 13, 2017 — November 15, 2017 8:30 AM - 4:00 PM
Location :
San Francisco Peninsula
Facility :
CalCPA Flex Center - Burlingame
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Level of Difficulty :
Basic
Member Price :
825
Nonmember Price :
1125
CPE Credits :
CPE 24.00, IRS-TX 24.00, CFP 24.00, CTEC-TX 24.00
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This three-day training course provides a comprehensive understanding of the federal income tax laws applicable to individuals. This hands-on session will include a comprehensive case study (actual W-2s, 1099s, 1098s, K-1s, etc.), as the participant will walk through the preparation of the Form 1040 and related tax schedules and learn the complex income tax law. Each participant will receive a comprehensive individual income tax reference manual that includes practice aids; real-world examples; new federal income tax forms and schedules; and the Phoenix Beach Quick Reference Chart.

 

Objectives:

  • Identify and understand a majority of the federal income tax laws applicable to most individuals (i.e., theory), legislative changes and apply this from a tax-form perspective.
  • Determine how to prepare a complete Form 1040 individual income tax return and related schedules with minimal review points.

Major Subjects:

  • Extensive review of the individual tax laws with an emphasis on any new legislative changes.
  • Form 1040: Gross income items, including wages, alimony, refunds, unemployment compensation, pension, IRAs, Social Security and other miscellaneous income items.
  • Schedule B: Interest and dividend income.
  • Schedule C and F: Trade or business income and deductions.
  • Form 4562: Depreciation, amortization and §179 expense.
  • Schedule D: Sales of capital assets and personal residences.
  • Form 4797: Sale of trade or business property including the ordinary income recapture rules under IRC Secs. 1245 and 1250.
  • Schedule E: Rentals, passive activities and flow-through entities.
  • Adjustments to gross income.
  • Schedule A: Allowable itemized deductions and phase-out rules.
  • Selected tax credits (e.g., child tax, dependent care and education)

 

Advanced Prep:

None.

Misc. Information:

The lunch period for this event will be 30 minutes and a box lunch is included in your registration fee. Class will adjourn at 4 p.m. unless otherwise specified.

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Level of Difficulty:
Basic
Field of Interest:
Taxes
Prerequisites:

None.

Designed For:

Tax return preparers, staff accountants and paraprofessionals with little or no experience, as well as out-of-practice public accountants seeking a comprehensive basic individual income tax course.

Instructors

Mark Vanden Berge, CPA
Mark Vanden Berge has over 30 years of experience in the field of public accounting. After graduating from Northwestern College, he accepted a staff position with a local CPA firm where he was exposed to all areas of public accounting. Four years later, he accepted a position with a regional CPA firm in its tax division. After two years, he was in charge of the tax division and primarily responsible for over 500 tax clients. After three years, he established his own firm, Vanden Berge, Inc., in Sioux Falls, SD, and still operates that firm as CEO and president. The firm assists its clients in all areas of taxation, business planning, and financial consulting. This broad background has provided Vanden Berge with a wide range of experiences in the areas of taxation, business, and finance. Vanden Berge has lectured on taxation subjects for several years receiving numerous perfect scores for knowledge and presentation.
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