This course introduces junior tax professionals to the fundamentals of individual tax preparation. Participants will learn the essentials of Form 1040, including filing requirements, income reporting, and deductions. The session will also cover preparer responsibilities, due diligence, and taxpayer rights under Circular 230. With a theoretical and practical study of Form 1040, and certain accompanying schedules, this course provides critical discussion of tax preparation. Additionally, preparer due diligence requirements, responsibilities and obligations will be covered. At the end, attendees will have a solid understanding of the foundation of personal tax returns. This course is designed for practitioners in their first through fifth years of practice.

Learning Objectives
Upon completion of this course, the learner will be able to:
• Identify preparer responsibilities including due diligence and ethical obligations
• Determine the correct filing status and eligibility of dependents based on tax law
• Recognize and classify taxable income sources, including wages and investment income
• Differentiate between standard and itemized deductions and apply the correct deduction to a taxpayer’s return
• Calculate refundable and nonrefundable tax credits, including the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC)
• Implement best practices for taxpayer data security and confidentiality
• Apply IRS compliance rules under Circular 230

Upon course completion a course evaluation form is provided for your feedback.

Participants have 1 year from the date of purchase/enrollment to complete this course

Our Refund Policy can be found at: https://cpeprime.com/cancellation-and-refund/