Staff Tax Training: Individuals (Form 1040) | 4201468B

Course Details


Tuesday, December 1 – Thursday, December 3, 2020

9:30am – 5:00pm (Registration: 9:00am)



Field of Study


CPE Credit

24 hours CPE credit

Level of Knowledge







This three-day training course provides a comprehensive understanding of the federal income tax laws applicable to individuals. A hands-on session that includes a comprehensive case study (using actual W-2s, 1099s, 1098s, K-1s, etc.). Participants will walk through the preparation of the Form 1040 and related tax schedules, learning complex income tax law. Each attendee will receive a comprehensive individual income tax reference manual that includes practice aids; real-world examples; new Federal income tax forms and schedules; and the Pat Garverick's Quick Reference Chart.


Detailed coverage of the Tax Cuts & Jobs Act (TCJA) affecting individual including but not limited to the 20% qualified business income (QBI) deduction; changes to the income tax rates, kiddie tax computation, AMT, personal exemptions, itemized deductions, child tax credit, and income exclusions
Review of the ACA taxes (3.8% net investment income tax), penalties (individual mandate) and credits (health insurance premium assistance credit) repealed and retained
Form 1040 - gross income items including wages, interest & dividends (Schedule B), alimony, refunds, unemployment compensation, pension, IRA's, social security and other miscellaneous income items
Schedule A - allowable itemized deductions after the TCJA
Schedule C and F - trade or business income and deductions
Form 4562 - depreciation, amortization and §179 expense
Schedule D - sales of capital assets and personal residences
Form 4797 - sale of trade or business property including the ordinary income recapture rules under IRC §1245 and §1250
Schedule E - rentals, passive activities and flow through entities
Adjustments to gross income including IRA's, SEPs, SIMPLEs, HSAs, tuition and fees, alimony paid, student loan interest and self-employed health insurance deduction
Overview of the various taxes including income, capital gain, self-employment, household employee and AMT
Selected tax credits (e.g. child tax, dependent care and education)


Identify and understand a majority of the federal income tax laws applicable to most individuals (i.e., theory), legislative changes and apply this from a tax-form perspective.
Determine how to prepare a complete Form 1040 individual income tax return and related schedules with minimal review points.

Designed For

Tax return preparers, staff accountants, and paraprofessionals with little or no experience.
Also, out of practice public accountants seeking a comprehensive basic individual income tax course.

Registration for this course has passed.

Course Pricing

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