Independent Accountants Association of Illinois

1040 Tax in Depth
2026-01-15 08:00 - 2026-01-16 16:00 (America/Chicago) | Zoom
Upon completion of this course, attendees will be able to properly prepare, report amounts on, file, and deduct disaster losses from Form 1040. We will also teach you how to determine which credits clients may qualify for on their 1040 returns to reduce taxable income, including methods to save for their dependent children’s college education and other education credits and deductions. In addition, this course covers appropriate handling of IRS client audits, compliance with Circular 230 ethics regulations, and advice for clients under military special taxation rules.

Fed/State Tax Webinar
2026-01-21 08:00 - 12:00
Updates to federal/state taxes and other information.

Foreign Tax Reporting for Individuals - REBROADCAST
2026-01-21 12:00 - 13:00
This manual is a reference for tax professionals preparing individual returns with guidance for which IRS forms need to be filed for individual US taxpayers, as will as which forms need to be filed directly with FinCen.

S Corporations Reasonable Compensation/Owners Fringes - REBROADCAST
2026-01-23 13:00 - 15:00
This course explains what constitutes reasonable compensation and how to calculate it for an officer. It also explains the positive and negative aspects of paying an unreasonable high or low amount of officer compensation, including potential penalties.

1041's for Trust & Estates - REBROADCAST
2026-01-29 07:00 - 15:00
During this course, we will define estates, a short tax year, distributions in kind, discretionary income distributions, and irrevocable and revocable living trusts. The instruction also includes identification of the duties of the fiduciary, characteristics of other types of trusts, purpose of the probate court and income distribution deduction, and options for IRA’s inherited by a spouse. Upon completion, attendees will also have thorough competence to determine qualifiers of a grantor trust, how to compute amortization allowances, what qualifies as IRD, and the advantages of revocable living trusts.
