Form 1040 Individual Income Tax Prep

Overview

This course provides a comprehensive introduction to preparing individual income tax returns using Form 1040. Designed as a basic-level program, it walks participants through the core components of the individual return in a clear & practical manner. Participants will learn filing requirements, filing statuses & how to determine dependents. The course covers common types of income, including wages & basic investment income, along with adjustments to income, standard versus itemized deductions & commonly used tax credits. In addition, the course introduces basic reporting for self-employment & rental activity, focusing on how these items flow to the individual return. Preparer responsibilities, due diligence requirements & taxpayer rights under IRS rules are also covered to provide a strong foundational understanding of individual tax preparation.

Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab & submit to terri.storer@acpen.com