Reporting Unique Form 1040 Transactions Online Training – Nov. 28-30

Instructor-led sessions on Nov. 28 and Nov. 30 from 10:00 a.m. - 2:00 p.m. CT



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Summary

Learn to prepare a Form 2555, Foreign Earned Income, Form 6252, Installment Sale Income, and Form 8824, Like-Kind Exchanges.

This training takes you through the more unique items tax preparers may encounter, such as the foreign earned income exclusion, employee stock benefits including incentive stock options (ISO), restricted stock units (RSU) and employee stock purchase plans (ESPP), and installment sales. Additionally, the course will show the proper reporting for the sale of a publicly traded partnership (PTP) Schedule K-1, a claim of right, the sale of a life estate and like-kind exchanges. At the end of this course, you’ll complete case studies to prepare you to help clients next tax season.

Objectives

Upon completion of this course, you will be able to:

  • Summarize the foreign earned income exclusion requirements and prepare Form 2555, Foreign Earned Income
  • Explain and report ISOs, RSUs and ESPPs
  • Summarize installment sale reporting
  • Prepare Form 6252, Installment Sale Income
  • Analyze and report a PTP Schedule K-1
  • Identify, calculate and report a claim of right
  • Summarize and report the sale of a life estate
  • Identify the like-kind exchange requirements and prepare Form 8824, Like-Kind Exchanges

Course Details

Completion of reading assignments prior to the instructor-led sessions is highly recommended. Instructor-led sessions will occur Nov. 28 and Nov. 30 from 10:00 a.m. - 2:00 p.m. CT. During the sessions, the instructor will discuss main concepts and apply real-life scenarios. Throughout the sessions the learners will have the opportunity to ask questions. Learners will be provided with a recording of each session. Course ends with homework to complete a case study.

View study assignments

Instructor: Misty Erickson, MBA

The self-study portion of this online training includes the  Reporting Unique Form 1040 Transactions self-study course with access to 8 CPE for AFSP, EA, CPA, CRTP. To earn CPE, you must complete a final examination.

Cancellation Policy

​Because this is an online education offering, it is nonrefundable.​​


 
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