November 18, 2022


8 Total CPE Credits


Preparing Complex 1040s

Learning Objectives

Participants will be able to:
  • Solve complex 1040 problems
  • Compute qualified business income deduction
  • Compute tax on net investment income, additional withholding and tax on wages, and self-employment earnings
  • Explain and compute AMT
  • Identify and apply passive activity rules
  • Recognize and advise clients on like-kind exchanges
  • Define and apply at-risk rules
  • Recognize existence of and compute amount of NOL and understand tax implications.

Major Topics

  • 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
  • Net investment income tax
  • Like-kind exchanges
  • At-risk rules
  • Excess business and NOL
  • Alternative minimum tax issues

CPE Credits Available

Total CPE

Things to Know About This Course


General tax knowledge

Advanced Preparation


Intended Audience

Practitioners in public practice with experience preparing 1040s.


California Society of CPAs

This event has ended.