January 26, 2021 8:00am – 3:30pm Map & Directions 602-252-4144

Webcast: Preparing Complex 1040s

Description

While the Tax Cuts and Jobs Act did many things, simplification of the tax law for clients of most CPA firms was not one of them. This program is designed for the accountant who is ready to handle the most complex individual client's income tax preparation.

The program will look at areas that vex CPAs when dealing with individual taxes, including the 199A qualified business income deduction, limitation on deduction of business interest under 163(j), passive activity rules and the net investment income tax.

Location

ASCPA Live Online Webcast
Phoenix, AZ 85034-6617

Registration Time

7:30am

Fees

Member:
$300
Non-CPA Staff:
$400
Non-CPA Staff (100% club):
$300
Non-CPA Staff (sole proprietor):
$300
Non-Member:
$400
Webcast
Taxation
8

Objectives

Participants will be able to:

  • Solve complex 1040 problems.
  • Design proper presentation strategies.
  • Use appropriate disclosures to avoid penalties.
  • Anticipate and create opportunities for tax reduction.

Course Level

Intermediate

Vendor

Kaplan Development Group More With This Vendor

Designed For

Practitioners in public practice with experience preparing 1040s.

Prerequisites

General tax knowledge.

Event Leaders

Zollars, Edward K.

Rating: 4.84


Edward K. Zollars, CPA, is in public practice in Phoenix, Arizona as a partner with the firm of Thomas, Zollars & Lynch, Ltd. He has been in practice for more than 35 years, specializing in tax issues for closely held businesses and individuals.

Zollars has been professionally involved with both tax and technology issues, combining the two disciplines in producing the Current Federal Tax Development Update Podcast and website, dealing with current tax issues. He has been a member of AICPA Tax Division Committees focusing on tax and technology issues and was the Tax Section’s representative on three occasions to the AICPA’s Top Ten Technologies project. He is also a member of the Phoenix Tax Workshop’s Advisory Committee and currently serves on the Tax Legislation Liaison Committee for the Arizona Society of CPAs. Zollars was selected as a Life Member by the Arizona Society of CPAs in May, 2010.

Along with writing, editing and presenting courses for Loscalzo Institute, Zollars has written articles published in Practical Tax Strategies and the Tax Adviser. He has been a frequent contributor to a number of professional tax discussion groups, and served as systems operator on the AICPA’s Accountants Forum in the mid-1990s.

He has spoken regularly on tax and technology topics since 1996, speaking before conferences sponsored by the AICPA and a number of state societies of CPAs.


More With Zollars, Edward K.

Highlights

  • Impact of any tax legislation enacted by Congress during the year.
  • Qualified business income deduction-who it applies to, how to deal with the limitations and planning opportunities.
  • Passive losses-tracking, triggering and grouping activities in order to reduce passive income.
  • Rules related to the limitation on the deduction for business interest under 163(j) and the treatment of pass-through items related to that limitation.
  • Losses limited by lack of amounts at-risk.
  • Calculation of and limitations on the use of net operating losses.
  • Applying the net investment income tax.
  • Alternative minimum tax issues.
  • Tax-deferred exchanges of real estate under section 1031.

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