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Mastering the Form 1040: A Practical Guide for Future Tax Professionals
Course Outline
Course Introduction (1:15)
Module 1 introduction
module 1 intro (1:57)
Section 1: Understanding the U.S. Tax System – Purpose, IRS, and Types of Taxes (4:39)
Section 2: Who Must File a Tax Return? (3:34)
Section 3: Types of Tax Professionals (4:09)
Section 4: Ethics and Responsibilities (3:38)
Section 5: Getting a PTIN-Preparer Tax Identification Number (3:08)
Module 2: Exploring Form 1040
Module introduction (1:45)
Section 1: Structure of Form 1040 (6:31)
Section 2: Filing Statuses (6:11)
Section 3: Dependents and Exemptions (5:44)
Section 4: Overview of Schedules 1, 2, and 3 (4:30)
Module 3: Income Reporting
Module intro (1:01)
Section 1: W-2 Wages (5:31)
Section 2: Interest and Dividends (Schedule B) (5:19)
Section 3. Self-Employment Income (Schedule C) (5:22)
Section 4: Capital Gains and Losses (Schedule D) (5:41)
Section 5: Unemployment and Other Income (5:05)
Module 4: Adjustments to Income
Module 4 Introduction (0:51)
Section 1: Student loan interest (4:50)
Section 2: IRA deductions (5:04)
Section3: HSA contributions (5:39)
Section 4: Educator expenses (4:33)
Module 5: Tax Credits & Deductions
Module Introduction (0:33)
Section 1: Standard vs. itemized deductions (3:23)
Section 2: Child Tax Credit (3:51)
Section 3: Earned Income Credit (4:13)
Section 4: Education credits (1:45)
Section 5: Credit for other dependents (1:45)
Module 6: Other Taxes & Payments
Module introduction (1:04)
Section 1: Self-employment tax (3:41)
Section 2: Additional taxes (Schedule 2) (4:02)
Section 3: Withholding and estimated payments (3:57)
Section 4: Refundable credits and overpayment (4:16)
Module 7: State vs. Federal Returns
Module Introduction (4:15)
Section 1: Overview of state return differences (4:09)
Section 2: Filing multi-state returns basics (4:42)
Module 8: Practice & Simulation
Module introduction (5:01)
Section 1: Case studies with mock tax docs (5:13)
Section 2: Practice return preparation (4:22)
Section 3: Common errors and corrections (1:45)
Module 9: IRS Procedures & Compliance
Module introduction (1:32)
Section 1: E-filing and recordkeeping (3:52)
Section 2: IRS notices and audits (4:49)
Section 3: Amended returns (1040-X) (4:29)
Module 10: Certification & Next Steps
Module Introduction (1:52)
Section 1: AFSP and EA pathways (4:13)
Section 2: Continuing education (4:22)
Section 3: Career opportunities in tax preparation (4:28)
Section 3. Self-Employment Income (Schedule C)
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