Advanced Individual Income Tax Return Ideas


Most CPAs have been preparing individual income tax returns for years, and while many of the returns are easy, there are always a number of issues that come up in busy season of which experienced practitioners wish they had more knowledge. This course is designed to explore the tough tax issues for experienced practitioners and help them provide better planning strategies and results for their higher income clients

Learning Objectives

* Understand how to properly report advanced transactions in financial instruments and investments
* Understand the special problems and new issues for the current return
* Identify the causes of alternative minimum tax liability and what can be done to reduce or eliminate it

Major Topics

* Installment sales understanding the complicated issues
* Puts, calls, straddling, and unusual investments – understanding the tax laws and reporting them correctly on the tax return
* Capital gain and loss issues – the problem with proper reporting of installment sales issues; capital gains and losses; when is a stock worthless; and much more * At-risk rules: what a return preparer really needs to know * Passive loss issues – you can’t just trust your software: what to watch out for, and the questions you need your clients to answer in order to do it right
* Incentive and nonqualified stock options – reporting; key strategies for planning; dealing with the alternative minimum tax
* Alternative minimum tax – understanding it; planning strategies to avoid it; using the minimum tax credit; explaining it to a client

Surgent McCoy CPE LLC
Course Level
CPE Field of Study
Robert Gilwee

Extensive experience in preparation of individual income tax returns

Advanced Preparation



DoubleTree By Hilton – Denver North, 8773 Yates Drive, Westminster CO 80031

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Aug 29, 2012
8:30 am - 4:30 pm
DoubleTree By Hilton – Denver North, 8773 Yates Drive, Westminster CO 80031
Total CPE Credits
Robert Gilwee


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Advanced Individual Income Tax Return Ideas

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