Surgent’s Advanced Individual Income Tax Return Issues

8:30 am–4:15 pm ET

# of CPE Credits



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.


* Understand how to properly report advanced transactions in financial instruments and investments * Understand the special problems and new issues for the current return * Understand the business loss limitation rules and how to calculate the deductible loss


* Understanding the special problems and new issues for the current year tax return * How to determine the §199A deduction and when rental property qualifies for the §199A deduction * Installment sales: understanding the complicated issues * Form 8582: Passive losses with carryovers: Complicated case with filled-in forms * Capital gain and loss issues: The problem with proper reporting of installment sales issues, 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 * The business loss limitation rules: Understanding the business loss limitation rules and the associated calculations

Who Should Attend

Experienced CPAs who want and need an in-depth knowledge of the most difficult individual income tax return issues

Required Knowledge

Extensive experience in preparation of individual income tax returns

Advanced Prep


Event Speaker(s)

Deborah Phillips ( Surgent McCoy CPE, LLC, Pasadena, MD ),

Additional Event Information

Technical Support
Contact NCACPA if you need assistance with your online program. For the quickest results, email the Online Learning Team at [email protected], and a team member will contact you shortly.

If you need assistance with internet access issues, browser capability, or when the NCACPA office is closed* please call Freestone Technical Support at 866-702-3278 or by email at [email protected] .

*NCACPA office hours are 9:00 am–5:00 pm ET. Online Learning Team members will be available via email 30 minutes prior to the start of a live online program.

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Share This Event

Event Vendor:Surgent McCoy CPE, LLC
Field of Study:Taxes
Level: Advanced
Other:Enrolled Agent

Event Type:Webcast
NASBA Instructional Method:Group Internet Based
Event Code:W0024722

Registration Fees

RegistrationEarly BirdRegular
NCACPA MemberN/A$260.00
CPE Sponsors LogoThe North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.

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