Preparing Individual Tax Returns for New Staff and Paraprofessionals

Name: Preparing Individual Tax Returns for New Staff and Paraprofessionals
Start: 2027-01-13T08:30:00
End: 2027-01-13T16:30:00
Location: Bloomington, MN

Starts: January 13, 2027 at 8:30 AM
Ends: January 13, 2027 at 4:30 PM
Format: In person
Location: Bloomington, MN, United States

About This Event

Energy credits under the Inflation Reduction Act. Preparation of various Form 1040 returns and schedules with filled-in forms. Form 7203. Section 199A qualified business income including calculations and limitations. Security transactions from Form 1099-B through Form 8949 to Schedule D. Issues related to self-employed individuals. Schedule C deductions, including depreciation. Sale and exchange of property -- Form 4797, depreciation recapture and capital gains. Passive losses and real estate property. Itemized deductions --what's deductible and what's not. Interest deductions -- limitations and timing problems. IRS stance on substituting charitable contributions for taxes. Retirement contributions and education credits and deductions. Tax computations -- The Kiddie Tax, AMT, regular tax and tax credits. Impact of recent legislation and form changes on Form 1040.