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20 CPE Credits

Surgent's Individual Income Tax Fundamentals

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20 CPE Credits

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 will take new and administrative staff from the most basic concepts to a full understanding of individual tax return preparation -- just in time for the crunch of busy season! Updated for impacts of recent legislation. The course builds from a strong technical foundation, to prepare simple, to moderate, to complicated individual tax returns.

Learning Objectives

  • Prepare simple, to moderate, to complicated individual tax returns
  • Learn complicated issues of filing status and dependency exemptions
  • Understand issues with reporting capital gains transactions
  • Complete targeted comprehensive problems related to Schedule A, Schedule C, Schedule D, Form 4797, and Alternative Minimum Tax
  • Overview of passive activity rules
  • Complete several tax returns; many schedules and worksheets; answers with filled-in forms are provided

Major Topics

  • Effects of recent legislation, including The One Big Beautiful Bill Act
  • SECURE Act 2.0 
  • The Qualified Business Income deduction  
  • Filing information, filing status, personal exemptions, dependents, the standard deduction, etc. 
  • Wages and salaries  
  • Interest income, dividend income, mutual funds, Social Security 
  • Figuring tax  
  • Basic income tax preparation, Form 1040, and Schedules 1 – 3 
  • Capital gains and losses  
  • Medical and dental expenses, charitable contributions  
  • IRA contributions and distributions  
  • Distributions from qualified retirement plans, pensions, and annuities  
  • Profit and loss from business or profession and self-employment tax  
  • Depreciation  
  • Rental income and expenses 
  • Preparation of Schedules A, B, C, D, E, and Forms 4562, 4797, and more 

CPE Credits Available

20 CPE Credits
20
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

Purchase This Course

  • COCPA Member

    $ 270 270
    Join

  • COCPA Non-Member

    $ 351 351
    Your Price

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