IRS Form 1040 will look and feel different this coming tax season thanks to the Tax Cuts and Jobs Act of 2017. There are new requirements, sections, and definitions—as well as oodles of provisions for Section 199A, exemptions, divorce, property settlement, and tax credits. With 2018 rapidly coming to a close, tax preparers need to know Form 1040 inside out, in a hurry.
This highly-detailed two-day webinar from tax specialist Arthur Werner is just what you need to fully acquaint yourself with the redesigned Form 1040—as well as to face the issues and questions your clients are bound to have about their income taxes this year. This webinar, comprised of four two-hour sessions, is specifically designed for CPAs and enrolled agents and constitutes eight CPE hour credits.
You will walk away from this program with a comprehensive understanding of the new tax legislation, the legislative impact on various areas of the Form 1040, Internal Revenue Code sections, and applicable case law. You’ll know Form 1040 details and definitions, such as for property settlement issues, income, and deductions—and you’ll be able to recognize audit flag areas.
Forms will be available in a few short months. Now is the time to update your knowledge of individual income taxation.
This two-day program will cover:
Objective: Participants will gain an understanding of what is new for the 2018 tax season. The session will cover new legislation, the legislative impact on IRS Form 1040, and an updated understanding of Internal Revenue Code sections and case law.
Objective: Participants will learn about filing status issues for the 2018 tax season. This session will specifically cover the following issues: dependency, marriage/divorce, and death of a taxpayer. Werner will also provide a significant explanation of foreign income reporting issues.
Objective: This session will provide an overview of income and deduction issues for the 2018 tax season—including specific discussion of charitable issues, state and local income tax issues, interest deduction issues, and audit flag areas.
Objective: Participants will learn about 2018 funding limitations—as well as qualified plan issues, IRA issues, tax credits, and Alternative Minimum Tax. Werner will provide specific guidance on early withdrawal penalties and exemptions, and he’ll discuss Alternative Minimum Tax calculations and strategies to avoid the AMT.
Arthur Joseph Werner, JD, MS (Taxation), received his B.S. in Accounting and his M.S. in Taxation from Widener University. He holds a J.D. in Law from the Delaware Law School. His lecture topic specialties extensively include the areas of Estate Planning, Financial Planning, and Estate and Gift Taxation to Certified Public Accountants, Enrolled Agents, Attorneys, Insurance Agents, and Financial Planners, and has presented well in excess of 2500 eight-hour seminars over the past 25 years as well as numerous webinars and video presentations.
Mr. Werner has been rated as having the highest speaker knowledge in his home state of Pennsylvania by the Pennsylvania Institute of Certified Public Accountants. He was also awarded the AICPA Outstanding Discussion Leader Award in the State of Nevada, the Florida Institute of CPAs Outstanding Discussion Leader Award, and the South Carolina Association of CPAs Outstanding Discussion Leader Award.Read More