1040 Preparation and Planning: Fundamentals (Currently Unavailable)
Author: Barbara Weltman, Sidney Kess
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Law for CTEC
2 hours Federal Tax Related for EAs and OTRPs |
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
