Form 1040: A Hands-On Workshop Webinar
Overview
This live, hands-on workshop goes beyond traditional CPE instruction to provide an interactive, step-by-step experience completing Form 1040 and related schedules. Our expert instructor will demonstrate real-world examples and guide attendees through common filing scenarios and calculations. You’ll gain practical experience applying current tax rules while reinforcing core concepts and techniques used in individual tax preparation, including how to:
- Accurately complete Form 1040 and key supporting schedules using the most recent tax rules and forms
- Identify and apply relevant deductions, credits, and adjustments
- Avoid common errors and improve review efficiency in individual returns
- Strengthen confidence and accuracy in real-world tax filing situations
- Understand the impact of recent tax legislation, including the OBBBA
This course qualifies for IRS Continuing Education Credit.
Objective
To provide a practical, line-by-line understanding of Form 1040 and related schedules, equipping CPAs and other finance professionals with the knowledge and confidence to accurately prepare, review, and file individual income tax returns.
Emphasis
- Filing status, individual tax rates, tax calculations, and child credits
- Additional Medicare tax and net investment income tax (3.8% healthcare surtax)
- Schedule D: capital gains and certain dividends
- Schedule E and supplemental income and loss
- Other adjustments:
– Alimony
– IRA deductions
– Higher education expenses
– Self-employed health insurance - Charitable contributions and itemized deductions
- Individual tax credits, exclusions, and non-business energy property credits
- Miscellaneous itemized deductions and employee business expenses
- The Pease limitation and personal exemption phase-outs
- Credit and deduction changes under the OBBBA
- Alternative minimum tax
- Family-related tax credits
This course is included in the following subscriptions:
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