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Live Webinar

100-minute live streaming program
  • August 8
  • 1:00 - 2:40 pm EST

IRS Form 1040 Preparation Part 2: Filing Status

August 8

Identify opportunities to pay less taxes depending on different deductions taken and classifications of income.

The federal tax system for individuals can be challenging to understand. However, the more you learn about income classifications, how they are taxed, and deductions that can be taken against income, the more you will save in taxes. This is Part II of this conversation that expands on what was learned in Part I. This topic is beneficial for both taxpayers and tax professionals.

Learning Objectives

  • You will be able to define the differences and taxability of certain income.
  • You will be able to describe the Federal Income Tax System.
  • You will be able to discuss different income types, their taxation, and deductions that effect taxable income.
  • You will be able to identify opportunities to pay less taxes depending on different deductions taken and classifications of income.

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Income Tax
  • Different Types of Income
  • Taxation on Different Income
  • Effective Tax Rate vs. Tax Bracket
Deductions
  • Standard Deduction
  • Itemized Deductions
  • Above the Line Deductions and Below the Line Deductions
Adjusted Gross Income
  • What Is Affected by AGI
  • Difference Between AGI and MAGI
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More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • AIPB 2.0
     
  • This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • Enrolled Agents 2.0
     
  • This program qualifies for 2.0 hours of Continuing Education Credit for enrolled agents under Treasury Department Circular #230 Section 10.6(g).
     
  • CPE 2.0 including Taxes 2
     
  • Lorman Education Services 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 web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.0 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Taxation for 2.0 hours.
     

Who should attend?

This live webinar is designed for CPAs, accountants, CFOs, controllers, accounts payable professionals, tax managers, tax preparers, accounts payable professionals presidents, vice presidents, bookkeepers and enrolled agents.

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Craig W. Smalley, MST, EA

Craig W. Smalley, MST, EA

CWSEAPA®, PLLC

Craig W. Smalley, MST, EA, CWSEAPA®, PLLC

  • CEO and co-founder of CWSEAPA®, PLLC, and Tax Crisis Center®, LLC
  • Has been in practice since 1993
  • Well versed in U.S. tax law and U.S. tax court cases; specializes in taxation, entity structuring and restructuring, corporations, partnerships and individual taxation, as well as representation before the IRS regarding negotiations, audits and appeals
  • In his many years of practice, he has been exposed to a variety of businesses and has an excellent knowledge of most industries
  • Has been a tax columnist for AccountingWEB, Accounting Today, CPA Practice Advisor, EA Journal, and has publish twelve books
  • His articles have also been featured in the Chicago Tribune, New York Times, Yahoo Finance, Nasdaq, and several other newspapers, periodicals, and magazines
  • Has been interviewed and been a featured guest on many radio shows and podcasts
  • Has been admitted to practice before the Internal Revenue Service as an enrolled agent
  • Currently seeking a Juris Doctorate degree
  • Can be contacted at 844-CWSEAPA (844-297-3272), [email protected], www.cwseapa.com or on Twitter® @cwseapa
  • Can be contacted at 844-CWSEAPA (844-297-3272), [email protected], www.cwseapa.com or on Twitter® @cwseapa
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More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Pay once and get a full year of unlimited training in any format, any time!

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Product ID: 406119
Published 2019
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