June 21, 2017


In-Person

Spectrum Beach Club
925 Beach Club Trl, Gulf Shores, Baldwin County, Alabama 36542-8142


4 Total CPE Credits

product-artwork-658277

INDIVIDUAL INCOME TAX RETURN MISTAKES AND HOW TO FIX THEM

  • Instructor

    Michael Frost

Learning Objectives

  • Achieve significant insight into the major mistakes that can be made in individual tax and financial planning
  • Develop strategies that will assist in not only avoiding mistakes but also in providing the best advice to your clients

Major Topics

  • Applicable coverage of recent tax acts and any new legislation enacted before presentation
  • Individual income tax cases regarding income, adjustments, passive activities, and itemized deductions
  • When "gifts" can be taxable
  • Hazy situation, two seemingly similar cases, yet one results in ordinary tax treatment, the other capital treatment (heads they win, tails we lose)
  • When a rollover is not a rollover - the Claim of Right Doctrine
  • I want to protect my identity, but I also need to protect my PTIN
  • Failing alimony's written instrument requirement
  • Failing alimony's same household requirement
  • Trying to carry back a tax loss that has yet to occur
  • No deduction for donating a house to a fire department
  • Failure to report income witnessed by 20 million people
  • Form 8938 for reporting foreign financial assets and updated rules. How much trouble results in not filing a FinCEN Form 114?
  • Financial planning -- Ignoring the future of Social Security; Miscues in rollovers & retirement plan distributions, The bad, the good, and the ugly of early retirement

CPE Credits Available

4
Total CPE
4
Taxes

Spectrum Beach Club

925 Beach Club Trl, Gulf Shores, Baldwin County, Alabama 36542-8142

Get Directions

Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Tax

Prerequisites

Basic knowledge of individual income taxation

Advanced Preparation

None

Intended Audience

CPAs who wish to get a deeper insight into underlying tax law for some common client transactions that many offices have seen, plus some not so common client transactions

Provider

Surgent McCoy CPE

This event has ended.