Kaplan University School of Professional and Continuing Education Kaplan University School of Professional and Continuing Education

Streamlined Tax Staff Training – Complex Return Issues (STCR)

(Updated for the Tax Cuts and Jobs Act) 8-Hour Program

WHY ATTEND THIS COURSE?

The computer can do the calculations, but some analysis and exercise of trained judgment is required as well. This fast-paced program offers “next step” training for accountants who are ready to tackle complex individual tax return issues. It is entirely focused on problem solving and application of the tax law’s complex reporting requirements. Program materials include valuable check lists and quick reference guides to enhance efficiency and save valuable time.

DESIGNED FOR...

Accountants who will be working on individual income tax returns that involve common reporting complexities. May also be suitable for public practice.

OBJECTIVE

Participants will be able to:

  • Solve tax basis problems with mutual fund redemptions and sales
  • Compute the proper qualified business income deduction for an individual tax payer
  • Calculate and report AMT adjustments and preferences
  • Compute an individual NOL
  • Identify and report tax matters associated with divorce and dependent children
  • Claim “Real Estate Professional” status and make election to aggregate rental activities
  • Report and claim investment interest
  • Properly classify “passive activities”
  • Take full advantage of Schedule C deductions

MAJOR SUBJECTS

  • Self-employment issues: retirement plan contributions, health insurance, self-rental
  • Passive loss issues
  • Calculation of individual NOL
  • AMT carryforwards, carrybacks, and AMT credit
  • Alimony (for agreements entered into up to December 31, 2018 and those entered into after that date), child support, property settlements
  • 1031 exchanges
  • Contribution of tangible property

COURSE ACRONYM: STCR

PRESENTATION METHOD: Group-live

LEVEL OF KNOWLEDGE: Advanced

PREREQUISITES:

  • None

ADVANCE PREPARATION: None

FIELD OF STUDY: Taxes

RECOMMENDED CPE CREDIT: 8 hours


CPE Sponsor icon

SmartPros®, A Kaplan Company and Loscalzo Institute, A Kaplan Company are 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.