Form 1040 – 2022 Updates

Date: July 20, 2022
Time: 12:00 PM ET
Duration: 240 Minutes
Speaker: Samantha Galvin
CPE Credits : 4 (Taxes)

$0.00

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Description

The form 1040 is the U.S. Individual Income Tax Return. Individuals may be entitled a myriad of deductions and credits that can reduce their taxable income and/or generate refunds. Each deduction or credit comes with its own set of rules which must be applied correctly to avoid issues and some of those rules keep changing. Learning about the law that controls the items reported and claimed on the form will bring a greater understanding to your tax practice and allow you to identify errors more easily.

In this webinar, we will walk through the form 1040 with the goal of understanding the “law behind the lines,” including the impacts of recent legislation and the future possibilities for the form 1040.

 

In this four-hour webinar, we will cover:

  • Types of income, including unusual or unexpected income items
  • Filing status and its impact on other areas of the return
  • Reporting self-employment or 1099 income on a Schedule C
  • Schedule C deductions
  • Adjustments to income
  • Above-the-line deductions, including the qualified business income deduction
  • Itemized deductions, such as charitable contributions, medical expenses, and more
  • Credits for family and dependents, health care, education, and more
  • Rates used for various taxes
  • Impacts of recent legislation
  • Items that can raise red flags with IRS
  • The documents that support income, deductions, and credits
  • The future of Form 1040

 

Session Prerequisites and preparation: None

Recommended CPE credit – 4.0

Recommended field of study – Tax

Session learning level: Basic to intermediate

Delivery method: Group Internet Base

 

This program has been approved for 4 CPE credits under NASBA.

Speaker

Samantha Galvin

Samantha Galvin is an Associate Professor of the Practice of Taxation and the Director of the Low Income Taxpayer Clinic (LITC) at the University of Denver. Professor Galvin has been teaching full-time for University of Denver’s Graduate Tax Program since 2013 and teaches courses in tax controversy representation, individual income tax, and tax research and writing. In the LITC, she teaches, supervises and assists students representing low income taxpayers with controversy and collection issues.

Professor Galvin specializes in individual income tax and tax controversy resolution matters. She has given numerous presentations to members of the LITC community and public interest organizations. She co-authored the Affordable Care Act chapter in the 7th and 8th Editions of the ABA Tax Section publication, “Effectively Representing Your Client Before the IRS,” and contributes monthly to Procedurally Taxing, a blog that addresses topics of interest for tax practitioners and academics.

Prior to joining the University of Denver faculty, Professor Galvin was a summer clerk at the United States Tax Court and an associate at an employee benefits and executive compensation consulting firm. Professor Galvin earned her J.D. and LL.M. (Taxation) from the University of Denver and her undergraduate degree from Eastern Illinois University.

Certification

This program has been approved for 4 CPE credits under NASBA. CPE Credits will be offered only for Live attendance of the webinar.

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