Basic Staff Tax Training: Individual 2024

This course will help you master individual income tax return preparation! It will improve your understanding of the basics, focusing on the law and compliance associated with Form 1040. It is an excellent overview of the process for new preparers and a refresher for the more seasoned professional.

Presenters - Troy K. Lewis

Designed For: New tax preparers and experienced staff seeking a refresher.

Role Level - Entry-level/Individual contributor; Manager/Senior Manager; Sole Practitioner

• Identify all of the individual income tax series 1040 and basic schedules and know when each form is used
• Identify the major individual income tax items that most taxpayers report each year
• Recognize source documents and how to use these documents to complete Form 1040
• Calculate the income tax liabilities of individual taxpayers with common individual tax items
• Identify available resources to assist the practitioner in identifying and resolving individual income tax questions
• Recognize concepts through the use of basic quick case studies

• 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

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