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Fall Tax Seminar 2008_Fall_Schedule.pdf 2008 Back To Basics Agenda - PART I Update and Review
“TAXING TOPICS” - Various tax issues and a compilation of the most popular tax questions received from our seminar participants. A session designed to address the “off the wall” tax issues practitioners face during tax season. Topics include: Original Issue Discount (OID), Tax Research, Safeguarding Taxpayer Data, Debt Forgiveness – New rules, Rulings, Cases and Other Federal Developments
“KIDDIE TAX” – New rules for 2008. Tax rules for children and dependents. Understanding when to file Form 8615. How to determine whose income to use when parents do not file a joint tax return.
ALTERNATIVE MINIMUM TAX - Form 6251 Alternative Minimum Tax – Individuals, Tax Preference Items, AMT Net Operating Loss, ISO affect and Minimum Tax Credit, Form 8801
FEDERAL ESTATE TAX ISSUES (FORM 706) - Understanding the filing requirements for a decedent’s estate, Form 706. Life Estate issues, gifting (Form 709) and the effect on the decedent’s Form 706, trust issues, and the various rules for different types of title to property.
Objectives: Upon completion of this course you will be able to:
- Complete Form 706 Estate Tax Return and Form 709 Gift Tax Return
- Identify the tax treatment for debt discharge under Code Section 108
- Complete Form 8615 to report the “Kiddie Tax”
- Compute AMT on Form 6251 and determine if there is a credit created on Form 8801
2008 Back To Basics Agenda - PART II Update and Review
FEDERAL UPDATE – A COMPLETE “Form 1040 and Beyond” review of up-to-the-minute tax law and IRS form changes for 2008, with a line-by-line explanation and analysis of difficult areas. Numerous practical and useful illustrations to have you “up and running” for next tax season. Plus, a review of pending legislation, recent court cases, and IRS rulings.
COMPLETE ANAYLSIS OF NEW 2008 TAX LEGISLATION – An in-depth discussion of the new tax bills passed in late 2007, and any additional tax laws during 2008 that will effect the 2008 income tax return, as well as tax planning ideas for your clients.
WISCONSIN & ARIZONA UPDATE – Back again for 2008 - Expanded coverage for Wisconsin and Arizona! Packed with Wisconsin and Arizona updates, recent law changes for 2008. Plus, a review of completed state forms and recent developments.
Objectives: Upon completion of this course you will be able to:
- Understand the new changes to the most recent state and federal tax law changes
- Complete Form 1040 for the 2008 filing season
- Understand the recent changes for qualifying child – IRS Notice 2008-5
- Identify the pension plan limits for 2008
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