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1040 Line by Line: Income (Currently Unavailable)

CPE Credit:

2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

This course provides a comprehensive review of Form 1040 complexities with regard to income items. It is essential for the tax practitioner who wants to update their knowledge of individual income taxation!

Updates for tax legislation passed in late 2012 and any additional changes that might occur in 2013 along with many important topics that impact clients in these difficult times will be discussed during the lecture.

Publication Date: January 2014

Designed For
CPAs and EAs

Topics Covered

Wages
Taxable Interest
Tax-exempt Interest
Ordinary Dividends
Qualified Dividends
Taxable Refunds
Alimony Received
Business Income or Loss
Capital Gains or Losses
IRA Distributions
Schedule E Items
Farm Income
Unemployment Compensation
Social Security Benefits
Other Income

Learning Objectives

To apply the necessary knowledge to complete IRS Form 1040 for the 2014 tax season.
To recognize the updates for tax legislation passed in the late 2013.

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None

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