WF001626: Don Farmer’s Difficult Tax Forms
Description
This intermediate-level course provides a focused review of complex and frequently misunderstood federal tax forms encountered in business and individual tax compliance. Participants will examine selected forms that present heightened technical complexity, increased documentation requirements, or significant penalty exposure. Emphasis is placed on reporting mechanics, computational challenges, and common compliance errors. Practical examples illustrate areas of IRS scrutiny and reinforce strategies to improve accuracy and consistency in return preparation and review.
MAJOR TOPICS
* Overview of complex federal tax reporting requirements
* Review of selected difficult forms (may include forms such as 4797, 6252, 8582, 8606, 8995/8995-A, or other high-risk compliance forms)
* Computational challenges and interaction with related schedules
* Disclosure requirements and supporting documentation considerations
* Penalty provisions and IRS examination focus areas
* Common preparation errors and quality control considerations
Objective
Upon completion of this course, participants will be able to: * Identify key reporting requirements for selected complex federal tax forms * Analyze common computational and disclosure challenges associated with these forms * Apply reporting rules to fact patterns involving multi-entity or multi-jurisdictional considerations * Recognize documentation requirements and penalty exposure risks * Identify common preparation errors and compliance weaknesses * Identify key reporting components and disclosure requirements of Form 990
Advanced Preparation
None
Required Knowledge
Working knowledge of federal income taxation and experience preparing or reviewing individual or business tax returns.
Who Should Attend
CPAs and tax professionals who prepare or review complex individual or business income tax returns and seek a practical review of challenging forms, computational mechanics, and compliance risk areas.
Credit Types
- CPE – Taxes
Registration Fees
| Registration | Type | Price |
|---|---|---|
| WF001626: Registration – Member | Mem | $89 |
| WF001626: Registration – Non-Member | NM | $109 |
The North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.