Reporting Bond Premiums on Taxable and Tax-Exempt Securities Webcast | 4203801G

Instructors

Date :
January 14, 2021 10:30 AM - 12:15 PM
Location :
Webcast
Facility :
Webcast Rebroadcast
Level of Difficulty :
Basic
Member Price :
79.00
Nonmember Price :
109.00
CPE Credits :
CPE 2.00, MCLE 1.50, IRS-TX 2.00, MCLE LS-TX 1.50, CTEC-TX 2.00
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Forms 1099 are being released later each year, and they're more confusing than ever; especially those related to fixed income securities. We'll explain the contents of page one of the 1099 compared to the backup material; and how to report it all correctly.

 

Objectives:

 

• Recognize Covered vs. Non-Covered Securities
• Identify the differences between Bond Premium, Acquisition Premium and Accrued Market Discount
• Determine how 1099 information for bonds is reported on Forms 1040 and 1041

 

Major Subjects:

 

History of current 1099 reporting of fixed income securities
Elections versus required reporting
Examples using actual 1099 forms

 

Advanced Prep:

 

None

 

Misc. Information:

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

None

 
Designed For:
 

Staff at all levels focused on compliance and 1099 reporting
Financial planners recommending fixed income securities

 

Instructors

Mary Kay Ann Foss, CPA
Mary Kay Foss CPA is a frequent lecturer for community, professional and business groups. She has authored and presented courses for tax professionals throughout California. She has over thirty years of practical experience in advising clients about retirement, income and estate planning issues. Ms. Foss is the immediate past chair of the AICPA Trust Estate and Gift Tax Technical Resource Panel and past chair of both the Estate Planning Committee and the Committee on Taxation of the California Society of Certified Public Accountants. She is the past president of the Estate Planning Council of Diablo Valley, the East Bay Chapter of the California CPA Society and the Estate Planning Council of the East Bay. She teaches Retirement Distributions: Planning Options and Top 10 Things Financial Planners Need to Know About Estate Planning for the California CPA Education Foundation and has been quoted in California CPA Magazine as well as national publications.

Materials:

  • Materials - ebook