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Form 8960 Prep: Computing the New 3.8% Tax on Net Investment Income (CNIT)
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This tax season you will confront reporting the 3.8% Net Investment Income (NII) Tax on new IRS Form 8960. The final instructions for the Form were released February 26, 2014. You can spend hours deciphering IRC Sec. 1411, the accompanying regulations, and the instructions for the deceptively simple one-page Form 8960; Or, you can spend just two hours with one of the country's leading tax experts and shortcut ramp-up time for this new tax and new reporting form. In this informative and timely we

5/26/2015
When: 5/26/2015
5:00 PM - 7:00 PM
Where: Webcast/Webinar
Presenter: Bob Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA
Contact: April Deneault
801-834-6634

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This tax season you will confront reporting the 3.8% Net Investment Income (NII) Tax on new IRS Form 8960. The final instructions for the Form were released February 26, 2014. You can spend hours deciphering IRC Sec. 1411, the accompanying regulations, and the instructions for the deceptively simple one-page Form 8960; Or, you can spend just two hours with one of the country's leading tax experts and shortcut ramp-up time for this new tax and new reporting form. In this informative and timely webinar, tax and estate planning expert, Robert Keebler, will examine and explain reporting NII, including calculating the tax, properly allocable deductions, Section 67 and 68 limitations on itemized deductions, and the applicable percent of net operating losses available. Throughout the program, Mr. Keebler will share practical pointers on how you can help your clients manage this new tax. If you're going to advise clients correctly and ensure proper calculations and filings for this tax, you will need to have a deeper understanding of Form 8960 and the rules, regulations, and statute behind it.

 

Objectives:

* Understand how the 3.8% net investment income tax works and how to prepare Form 8960 * Devise an action plan for 2014 returns * Develop tax planning strategies for 2015


 

Major Subjects:

* Taxation of portfolio investments for individuals and trusts * Interaction with Form 8582 - passive loss rules * Reporting real estate income and losses, including self-rental properties * Regrouping and Sec. 469 elections to meet the material participation tests * Reporting the sale of closely-held businesses * Reporting passive and non-passive business income * Computing state income tax deductions for the NII Tax * Computing properly allocable deductions * Understanding the Section 67 and Section 68 limitations on deductions * Determining the applicable percentage of net operating losses * Making the 65-day election * Determining NII Tax DNI for trusts and estates * Planning distributions for estates and trusts * Answers to your questions

 

Designed For:

CPAs, CFPs, enrolled agents, tax preparers, estate planners, tax attorneys, and other professionals who advise clients on tax, retirement and estate planning, and other wealth management matters.

 

Prerequisite: None

 

Advanced Prep: None

  

Speaker: Bob Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA

Vendor: Surgent McCoy

Field of Study: Tax

Level: Intermediate

CPE Credit: 2 Hours

Acronym: CNIT

 

Registration Fees:

$89

Click here to register

 


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