1040 Basics CE Package for Exempt Preparers

Package Details

$94.95

Access Period:

12 months

Form 1040 is one of the official forms used by U.S. taxpayers every year to file an annual income tax return. While the latest version of the form is intended to make it easier for taxpayers and tax preparers to file, there are still a few things that can be missed. It is important for tax preparers to not only know the form but also know the various schedules that may need to filled out with it for more complicated tax situations.

Choose this package of courses for an in-depth overview of Form 1040 and the 1040 Schedules. Main learning concepts include:

-new tax law and recent updates for the current filing season

-correctly apply deductions available in the “Adjustments to Income” section of Form 1040 which are often overlooked

-understand the conditions that require a taxpayer to file charitable donations

Courses included will meet all the CE requirements of the preparers who are exempt from the Annual Filing Season Program (AFSP).

You are exempt from the AFSP requirements if you fall into one of the following categories:

Passed the Registered Tax Return Preparer (RTRP) test

Completed regulations set by state standards, CTEC and OBTP members

Passed the Enrolled Agent Part 1 Exam in the last 2 years

You are a VITA Quality Reviewer and Instructor with active PTIN

You are a CPA, Attorney or an Enrolled Agent

Please note: Upon completion of the CE courses, you will also need to consent to specific practice obligations outlined in Subpart B and section 10.51 of Treasury Department Circular No. 230 to complete the program requirements for the AFSP-ROC. This information can also be found in your secure email account once you log into your PTIN account. Contact the IRS for any questions regarding the AFSP Record of Completion.

Package Includes:

1040 Income Adjustments

2023 Annual Tax Season Update

Charitable Donations - Cash and Noncash

Practice Before the IRS