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10 CPE Credits

Surgent's Selected Issues in Preparation of 1040 Individual Income Tax Returns

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10 CPE Credits

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This is a text-based course. To receive credit, you are required to review all content and achieve a minimum score of 70% on the final exam.

 This course provides new staff accountants, data processing employees, para-professionals, and bookkeepers a study into some of the more complicated issues they may face in tax return preparation. Updated for impacts of recent legislation, including the SECURE Act 2.0, the Inflation Reduction Act, CARES Act, Consolidated Appropriations Act of 2021 (CAA 2021), ARPA, TCJA, and SECURE Act.

Learning Objectives

  • Have an overview of passive activity rules
  • Complete a comprehensive Form 1040 
  • Learn about IRA contributions and self-employed retirement plans
  • Complete a comprehensive problem related to computation of an individual’s federal income-tax liability, with filled-in forms

Major Topics

  • Business income and expenses
  • IRAs, qualified retirement plans, and Social Security benefits
  • Depreciation and recapture
  • Rental income and expenses, income via Schedule K-1, and loss limitations
  • Alternative Minimum Tax
  • Casualty losses, moving expenses, sale of home, alimony, and penalties

CPE Credits Available

10 CPE Credits
10
Taxes

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Enrolled Agent - IRS Credit Eligible
  • Individual Tax

Prerequisites

None

Advanced Preparation

None

Intended Audience

New staff, rusty or those returning to the profession, who desire to prepare individual returns

Provider

Surgent CPE

This can not be purchased at this time.