Don Farmer's 2015 Pre-Tax Season Review for Individual Returns

Using a combination of humor and examples, we will review tax developments that affect 2015 individual income tax return preparation and 2015 individual income tax planning. We will also review the major areas of individual income taxation to fine tune practitioners for "tax season.” 

A 600+ page reference manual with each chapter containing basic rules, selected items of interest, 2015 developments, planning ideas, listings of related IRS Forms and Publications, and a topical index is included.

Review of individual income taxation including:   

- 2015 individual tax developments, including a review of new tax legislation. 

- A review of both legislative and non-legislative provisions first effective in 2015.    

- 2015 developments that may warrant amended returns.    

- Planning ideas, including planning opportunities in light of 2015 tax developments.    

-Important 2015 regulations,court cases, rulings and other important non-legislative developments.    

- Survey of the latest Affordable Care Act developments    

- Status of individual tax breaks that expired at the end of 2014.  

-Review of the 3.8% Net Investment Income Tax. 

- Important developments involving passive activities 

- Latest on travel, meal, and entertainment deductions.    

- A review of the interest deduction.    

- Planning for distributions from qualified plans and IRAs.    

- Overview of impact of capitalization regulations on Schedules C, F, and E.    

- Highlights of divorce taxation.    

- Developments involving long-term capital gains and qualified dividend income.   

- Survey of long-term capital gains and qualified dividend income.    

- Latest updates on medical expenses, charitable contributions, home office deduction, home-sale gain exclusion, and taxation of damage awards. 

- Latest updates on medical expenses, charitable contributions, home office deduction, home-sale gain exclusion, and taxation of damage awards.   

- Review of selected individual tax credits.    

- Section 179 review.   

The course material includes: 

- Discussion of most major areas of individual income taxation.   

- Checklist of developments first effective in 2015.    

- Checklist of 2015 developments that may warrant amended returns.    

- Listings of selected IRS Forms and Publications.    

- Examples of selected tax elections.

Session Information
Session Date:
December 17, 2015
Don Farmer 2015 Tax Day 2 Pt1
Speaker Information
Walter Nunnallee   [ view bio ]
Don Farmer 2015 Tax Day 2 Pt 2
Don Farmer 2015 Tax Day 2 Pt 3
Don Farmer 2015 Tax Day 2 Pt 4
Individual topic purchase: Selected
Georgia Society of CPAs
General: 8.00
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GSCPA Member Price:$325.00
Non-Member Price:$425.00