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Surgent’s Preparing Individual Tax Returns for New Staff and Para-Professionals (SU1067/21)

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Surgent’s Preparing Individual Tax Returns for New Staff and Para-Professionals (SU1067/21)

Member Price $259
Non-Member Price $289
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February 7, 2022 @ 9:00 am

Event Description

The objective of this course is to train new staff accountants, data processing employees, para-professionals, and bookkeepers to prepare a complicated federal individual income tax return. Over the years, thousands of new staff have received practical, hands-on experience to become familiar with tax forms. This course covers the latest tax law changes, making it essential for your new staff.

Designed For

New staff and para-professionals who prepare individual returns


Learn complicated issues of filing status and dependency exemptions Learn about Schedules A, B, C, D, E, and SE; Forms 2106, 4797, and 4562; passive rules and more Complete comprehensive problems related to Schedules A, C, and D; Forms 2106, 4797, 6251, and more, all with “filled-in” forms Learn about IRA contributions, self-employed retirement plans, child-care credits, and the adoption tax credit

Major Subjects

Preparation of various Form 1040 individual tax returns and schedules; provided answers include “filled-in” forms Taking initiative in difficult assignments; can you deliver the QBI message? Full coverage of §199A qualified business income, its calculation, limitations, and examples Form 8867 – Protecting practitioners Dividends and interest – Ordinary, return of capital, and capital gain distribution dividends; tax-exempt interest, original issue discount, etc. Security transactions – From Form 1099-B to Form 8949 to Schedule D, plus mutual fund sales and related basis issues Self-employed person issues Schedule C deductions including depreciation Sale and exchange of property – Understanding Form 4797 and depreciation recapture; capital gains A working understanding of passive losses – How to handle rental property and how the passive loss rules flow to the tax forms Itemized deductions – A thorough understanding of what’s deductible and what’s not Interest deductions – Limitations and timing problems Retirement contributions and education credits and deductions Tax computations – The Kiddie Tax, AMT, regular tax, tax credits Individual problems illustrated by form preparation for various items, with numerous “practice tips” Impact of recent legislation and forms changes on the 1040






February 7, 2022
9:00 am


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