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Description
Investment Income Forms, Supplements, and Sources for Research
IRS Program #: X9QQU-T-00960-23-O
CTEC #: 6257-CE-0138
CE: 2 IRS & 2 CTEC credits
Speaker: Beth Logan, EA
This introductory class will set the foundation for the others classes. The reporting forms, such as 1099-INT, -DIV, -B, and K-1 will be presented. The information from these forms will be translated to the tax filing forms, such as Schedules B and D and Form 8960. Many situations require additional information not provided on the reporting forms to reduce the taxes due. This class will discuss the supplemental materials often provided and how to research additional information for the taxpayer’s benefit.
Learning Objectives:
- Recognize the forms that inform clients of investment income.
- Translate the data on the reporting forms to the 1040 Schedules.
- Define qualified and ordinary dividends, including dividends from S-corps.
- Knowwhen additional information is necessary to create tax advantaged positions.
- Recognizing inherited assets.
- Understand NIIT