1040 Tax in Depth with Bob Jennings & Terry Bakker [1040]
Time: 08:30am-4:00pm
Subject:
TaxationCredit Hours:
16.00Price:
Member: $780.00
Non-member: $780.00
Discussion Leader:
Bob Jennings & Terry Bakker
more info
Bob Jennings CPA, EA
Bob is a nationally renowned author and speaker who has presented continuing education classes to more than 100,000 tax professionals worldwide over the past 20 years. He is a licensed CPA (Indiana) and an IRS Enrolled Agent. Bob is also a prolific author, having published over 60 professional articles in magazines such as the Journal of Accountancy and many other professional and consumer publications. He also authors several tax, accounting, and technology manuals each year and serves as a regular columnist for FoxBusiness.com. In 1984, Bob founded his own regional CPA firm, where he has spent more than 30 years working exclusively with individual and small business financial issues. He appears regularly in the media and has been extensively quoted in numerous publications. Bob has also produced a wide range of informational videos, DVDs, and instructional clips, which are available on his website, TaxSpeaker.com.
Terry Bakker CPA, EA
Terry O’Leary Bakker CPA, EA, LTC 67985-C is the owner of O’Leary’s Tax Service, Ltd. in downtown Vancouver, Washington, across the river from Portland, Oregon. Terry graduated with her BS in Business Administration: Accounting from Portland State University in 1988 and has worked in tax ever since. Terry is an Enrolled Agent and a CPA licensed in Washington and Oregon. In addition to running an active tax practice serving the needs of individuals and small business, Terry has a commitment to the profession. She is a Past President of the Oregon Association of Independent Accountants, as well as holding other positions, including head of the Education Committee. As part of her commitment, she teaches the Enrolled Agents Preparation course for her Association and has spoken for all of the tax preparation associations in Oregon.
closeWebsite registration for this course closes on January 24, 2027. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.
Full Description
1040 Tax in Depth with Bob Jennings & Terry Bakker (1040)January 25th & 26th, 2027 / 8:30 am 4:00 pm
The Fireweed Conference Center
725 E Fireweed Lane
Anchorage, AK 99503
Get a jump start on tax season with Bob Jennings and Terry Bakker in-person in Anchorage!
Identify the key individual tax provisions of the One Big Beautiful Bill Act effective for 2026, including the No Tax on Tips, No Tax on Overtime, auto loan interest, and senior bonus deductions, along with their dollar limits and MAGI phase-outs.
Apply the final IRS regulations on qualified tipped occupations and qualified overtime compensation, including new W-2, 1099, and Schedule 1-A reporting requirements.
Recognize the 2026 changes to itemized deductions, including the $40,400 SALT cap, the 0.5% AGI charitable floor, reinstated mortgage insurance premiums, and the expanded two-page Schedule A.
Summarize the OBBBA's savings and education provisions, including Trump Accounts, expanded 529 distributions, ABLE account changes, and the new Federal Scholarship Tax Credit.
Explain the permanent extension and modification of the Qualified Opportunity Zone program and its planning implications for 2026 and beyond.
Differentiate Pre-Enactment from Post-Enactment QSBS under Section 1202, and apply the new $15 million gain exclusion cap, $75 million gross asset ceiling, and tiered 50%/75%/100% holding-period exclusions.
Determine when a loss on small business stock qualifies for ordinary loss treatment under Section 1244, calculate the annual $50,000/$100,000 limits, and properly report the loss on Form 4797.course explains the entirety of individual new OBBBA law changes with 8 hours of new tax law. We then spend 8 hours reviewing and explaining compliance issues for foreign reporting, retirement, dependent care, form 1040 reporting items, security requirements & WISP, itemized deductions, sole proprietors, capital gains and all other major individual tax return topics.
Course Objectives:
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 childrens 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.
CPE Credits: 16, Taxation
Level of Knowledge: Update
Prerequisite: 2 4 years tax preparation experience.
Acronym: 1040
Discussion Leader: Bob Jennings & Terry Bakker
