All New 2-CPE Hour Webinar for June:
After the Storm: Casualty and Theft Loss Issues and Reporting
You asked. We listened.
Summer is in full swing and that means continuing education season for tax professionals. Unfortunately, summer also may bring wildfires, tornadoes, flooding, and hurricanes. Back to Basics Income Tax Seminars® http://www.btbtaxlink.com is proud to announce the content of our fifth live webinar for 2011, and as always, the topic was selected by you, our valued customers.
Join us on either Wednesday, June 29 or Thursday, June 30, 2011 for this focused tax education offering designed to allow you to help taxpayers deal with the devastation of casualty and theft losses in the most tax efficient manner.
This relevant, timely, webinar will provide a step by step, example based, short-course on both business and personal casualty and theft loss rules and calculations and related forms. The devastating tornadoes, severe flooding and yet to come natural disasters in Alabama, Louisiana, Iowa, Georgia, North Dakota, and elsewhere in the United States, means that many taxpayers will be dealing with casualty losses. Ponzi loss reporting will also be covered.
The principal focus of this webinar is detailed comprehensive casualty and theft examples including supporting worksheets and calculations, for both business and individual casualty events. Relevant casualty and theft loss NOL provisions will also be covered. We are in practice ourselves, and Back to Basics Income Tax Seminars® will never waste your valuable time.
Let Back to Basics Income Tax Seminars® make your job easier when dealing with clients’ casualty and theft losses. We encourage you to take this opportunity to increase your understanding of these common yet complex transactions from the convenience of your home or office.
Dates & Times:
Wednesday - June 29, 2011 9:00a.m. - 11:00a.m. CST
Thursday – June 30, 2011 1:00p.m. - 3:00p.m. CST
Fee: $55 - Seating/Viewing is limited, so please register early. (Sorry, no refunds once registration has been accepted.)
REGISTER & LEARN MORE HERE: http://www.btbtaxlink.com/
CPE Credits: The webinar is approved for two (2) credits of Continuing Professional Education (CPE) for Enrolled Agents. All others should check with their states for CPE approval.
Computing the business and or personal casualty or theft loss.
Deferring casualty gains.
Consequences of Federal Disaster Area declarations.
Insurance and other reimbursements.
Reporting casualty or theft losses.
Reporting casualty or theft gains.
Casualty definitions, including the sudden, unexpected, or unusual event requirement.
Theft loss and Ponzi scheme considerations.
Distinguishing between investment losses and theft losses.
NOL considerations of casualties and thefts.
Tips for casualty or theft loss returns and preparation hazards.
Forms covered include:
Form 4684, Casualties and Thefts
Form 1040, Schedule A, Itemized Deductions
Form 1040, Schedule C, Profit or Loss From Business
Form 1040, Schedule D, Capital Gains and Losses
Form 4797, Sales of Business Property
Form 1045, Application for Tentative Refund
Form 1040X, Amended US Individual Income Tax Return
If you are a CPA, tax return preparer, accountant, tax attorney, business owner, or other tax practitioner, join us for this exciting new webinar. Those practicing in areas hit hard by storms and flooding will find this tax webinar particularly helpful: Alabama, Arkansas, Georgia, Kentucky, Iowa, Louisiana, Iowa, North Dakota, and anywhere that storms and theft causes loss and tax reporting issues.
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About Back to Basics Income Tax Seminars http://btbtaxlink.com:
We are a cutting edge income tax webinar and seminar provider. Our seminars are focused in issues designed to immediately help your tax practice. We use educated, qualified tax instructors, quality tax resources, real world examples and relevant forms.
Based in Wisconsin, we hold seminars in Arizona, Illinois, Texas and Wisconsin, and our live tax webinars can be viewed throughout the United States, including Alabama, Arkansas, Georgia, Kentucky, Iowa, North Dakota, Louisiana, Missouri, Mississippi and anywhere in the U.S.
Join us for a live tax webinar or income tax seminar.