Tax Professionals’ Handbook: Navigating Form 4797 Challenges
From: $119.00
Date: March 13 , 2025
Time: 1pmET | 12pm CT | 11am MT | 10am PT
Duration: 120 minutes
Description:
Form 4797, often overlooked, plays a crucial role in accurately reporting business asset sales—a key responsibility for tax professionals.
In this CE course, we will delve into the complexities of Form 4797 and its specific applications. Step by step, we’ll break down the form, highlighting common mistakes and providing best practices for accurate reporting.
The course will focus on the sale of business assets, addressing areas that can be particularly challenging, even for experienced professionals. Beyond the core reporting requirements, we’ll explore specialized topics such as preferred stock, mark-to-market traders, Section 1244 stock, and small business investment company stock. These unique elements can significantly affect how gains and losses are reported, making it essential to fully understand their impact. By the end of the course, participants will have a comprehensive understanding of how to apply Form 4797 effectively.
Key Topics Covered:
Reporting Business Asset Sales
Understanding the Nuances of Preferred Stock
Mark-to-Market Traders: Key Concepts
Insights on Section 1244 Stock
Learning Objectives
Understand the purpose and importance of Form 4797.
Learn how to correctly complete Form 4797.
Analyze how to calculate gains or losses from the sale of business assets.
Identify and explain unique transactions that necessitate the use of Form 4797.
Join this CPE course to not only learn but also gain the confidence to navigate the complexities of Form 4797. Through interactive discussions and real-world examples, you’ll walk away with actionable insights that you can apply immediately to enhance your practice.
Credits and Other information:
Recommended CPE credit – 2.0
Recommended field of study – Taxes
Session Prerequisites and preparation: None
Session learning level: Basic
Location: Virtual/Online
Delivery method: Group Internet Based
Attendance Requirement: Yes
Session Duration: 120 minutes
Who Will Benefit:
CPA
Enrolled Agents (EAs)
Tax Professionals
Attorneys
Other Tax Preparers
Finance professionals
Financial planners
About Our Speaker
Nicholas Preusch , CPA (US) Certified Public Accountant (CPA),
Nicholas has worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. Nicholas has authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure
