Basic Staff Tax Training: Individual 2024

Tuesday, January 28, 2025
Webcast or Webinar, Online
11:00AM - 6:30 PM (opens at 10:30AM) EST
8Credits

Registration is Open

Members
$299.00 Regular Price
Non-Members
$399.00 Regular Price

CPE PowerPass Users

Click the "Apply PowerPass" button to use your PowerPass for the applicable course below.
$160.00 Members / $224.00 Non-Members
Course Type: Webcast
Course Code: 24/4126109
Level: Basic
Vendor: California CPA Education Foundation
Field of Study: Taxes

Overview:

This course will help you master individual income tax return preparation! It will improve your understanding of the basics, focusing on the law and compliance associated with Form 1040. It is an excellent overview of the process for new preparers and a refresher for the more seasoned professional.

Objectives:

• Identify all of the individual income tax series 1040 and basic schedules and know when each form is used• Identify the major individual income tax items that most taxpayers report each year• Recognize source documents and how to use these documents to complete Form 1040 • Calculate the income tax liabilities of individual taxpayers with common individual tax items • Identify available resources to assist the practitioner in identifying and resolving individual income tax questions • Recognize concepts through the use of basic quick case studies

Major Topics:

• Emphasize form 1040 and the accompanying reporting schedules for a basic individual income tax return • Identify and be able to implement basic individual income tax planning ideas for clients • Familiarity with several source documents utilized in the preparation of an individual income tax return • Identify common errors made in the preparation of an individual income tax return and understand how to avoid the errors in the future

Major Topics:

• Emphasize form 1040 and the accompanying reporting schedules for a basic individual income tax return • Identify and be able to implement basic individual income tax planning ideas for clients • Familiarity with several source documents utilized in the preparation of an individual income tax return • Identify common errors made in the preparation of an individual income tax return and understand how to avoid the errors in the future

Designed For:

New tax preparers and experienced staff seeking a refresher.

Prerequisites:

Basic understanding of individual income taxation.