Organization:
Illinois Society of Enrolled Agents
Date of Event:
November 3, 2023
Event Start and End Times:
8 am to 4:30 pm
Event Type:
In-Person Conference
Speaker(s):
Marilyn Meredith EA
Description:
Topics:
UB57Y-T-00196-23-I Other Schedule D Issues (1 CE)
We will review the use of Schedule D and how the information fits on Form 8949 to carry over to Schedule D. We will review the information needed to get the correct basis and holding period for sales. We will check tips for more efficient use of the form.
UB57Y-T-00195-23-I Crypto (1 CE)
we are required to ask every client about digital assets. As a result, we need to know more about what is happening in this arena. We must be familiar with some terms and transactions we may experience. This will be a fundamental session to get closer to understanding information to prepare accurate tax returns dealing with Crypto situations.
UB57Y-T-00194-23-I New Credits (1 CE)
For years, we have had credits on individual tax returns. Many of these credits have come, gone, returned, and/or been modified. We have a significant number of changes for 2023 through 2032. We will review the credits that affect tax years 2023 and 2024 with the new conditions and amounts.
UB57Y-T-00193-23-I FBAR Form 114 (1 CE)
Schedule B on the individual Income tax return requires us to ask clients if they have money in a foreign bank or retirement account. Next, we need to know if the balances in these accounts had reached $10,000 or more on any given day of the year. If the answer to both is yes, Form 114 must be completed and filed by the April due date or by the extended date of October 15. We will discuss what information we need to comply with and prevent the $10,000 or more penalty.
UB57Y-T-00192-23-I Basic 1041 (2 CEs)
When a taxpayer passes away and has a Revocable Living Trust, we need to be able to prepare that trust return, including the K-1s for the beneficiaries. We will review the need to allocate items in the year of death and review available elections.
UB57Y-T-00191-23-I S Corporation Basis (2 CEs)
The IRS requires the basis of an S Corporation owner if they are taking any operating loss or if they have sold or changed the percentage of ownership. Many things affect the basis of ownership. We will review many of those as they apply to our clients.
Event Registration URL:
Event Cost (Optional):
$240 for NAEA/ILSEA members; includes breakfast and lunch plus printer materials
