1040 Preparation and Planning: Fundamentals (Currently Unavailable)

Author: Barbara Weltman, Sidney Kess

This interactive on-demand course introduces the fundamentals of federal income tax and gives an overview of the general income tax structure. It also includes some basic tax accounting essentials: tax year and accounting method. It discusses taxpayer classification, the purpose of the income tax return and forms, who must file a return, recordkeeping requirements and more.

Publication Date: December 2016

Designed For
Tax practitioners

Topics Covered

• Form 1040
• Federal Income Tax
• Tax Accounting
• Taxpayer Classification

Learning Objectives

• Describe the basic federal income tax structure
• Identify who is required to file a return
• Describe the basic parts of the income tax return
• Describe payment options for taxes owed
• Discuss the concepts of tax year and accounting method

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None