Individual Tax Return Preparation (ITRP)

Customer Rating
Field of Study
Taxes
Level
Basic
Credits
8
Qualifies For
IRS CPE



Price:  $79.99

The objective of this course is to train new staff accountants, data processing employees, para-professionals, and bookkeepers to prepare a complicated federal individual income tax return. Over the years, thousands of new staff have received practical, hands-on experience to become familiar with tax forms. This course covers the latest tax law changes, making it essential for your new staff.

Additional information

Credits

8

Format

Self-Study Download

Company Code

Self Study

Yellow Book Approved

0

CFP Approved

0

IRS Approved

1

CTEC Approved

0

Field of Study Credits

Taxes (8)

Field of Study Department

Taxes

Course Version

2022-01

CPE Approved

1

Pre-requistes:

None

Knowledge Level:

Basic

Major Topics:

  • Preparation of various Form 1040 individual tax returns and schedules; provided answers include “filled-in” forms
  • Coverage of §199A qualified business income, its calculation, limitations, and examples
  • Itemized deductions – A thorough understanding of what’s deductible and what’s not
  • Charitable contributions substituting for taxes, IRS says - No!
  • Interest deductions – Limitations and timing problems
  • Retirement contributions and education credits and deductions
  • Tax computations – The Kiddie Tax, AMT, regular tax, tax credits
  • Dividends and interest – Ordinary, return of capital, and capital gain distribution dividends; tax-exempt interest, original issue discount, etc.
  • Security transactions – From Form 1099-B to Form 8949 to Schedule D, plus mutual fund sales and related basis issues
  • Self-employed person issues
  • Schedul

Designed For:

New staff and para-professionals who prepare individual returns