Staff Tax Training Individual: Beginning

Description

Master the preparation of the individual income tax return! Understand the basics, with a focus on the law and compliance forms associated with Form 1040. An overview of the process for new preparers. A refresher for the more seasoned professional.

Highlights

• Emphasize form 1040 and the accompanying reporting schedules for a basic individual income tax return.
• Identify and be able to implement basic individual income tax planning ideas for clients.
• Familiarity with several source documents utilized in the preparation of an individual income tax return.
• Identify common errors made in the preparation of an individual income tax return and understand how to avoid the errors in the future.

Objectives

• Summarize the prevalence and impact of fraud.
• Explain the fraud triangle.
• Illustrate the most frequent frauds against clients.
• Recognize fraud risks.
• Demonstrate how clients may protect themselves; fraud prevention tips and internal -controls.

Designed For

New Tax Preparers and Experienced Staff seeking a refresher.