Available with CPE SelectOnline
# of CPE Credits
4
Description
This course introduces professionals to the fundamentals of individual tax preparation. Participants will learn the essentials of Form 1040, including filing requirements, income reporting, and deductions. The session will also cover preparer responsibilities, due diligence, and taxpayer rights under Circular 230. By the end, attendees will have a solid understanding of the foundation of personal tax returns.
Required Knowledge: None
Advanced Preparation: None
Who Should Attend: CPAs, EAs, tax professionals, paralegals, financial planners
Objective
After attending this presentation, you will be able to...
- Identify preparer responsibilities including due diligence and ethical obligations
- Determine the correct filing status and eligibility of dependents based on tax law
- Classify taxable income sources, including wages and investment income
- Differentiate between standard and itemized deductions and apply the correct deduction to a taxpayer’s return
- Calculate refundable and nonrefundable tax credits, including the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC)
- Implement best practices for taxpayer data security and confidentiality
- Apply IRS compliance rules under Circular 230
- Understand key legislative updates affecting individual tax returns
Credit Types
- Taxes: 4
Event Level:Basic
Event Code:ODX14225
Event Vendor:CPA Crossings, LLC
Fields of Study:Taxes
Other fields:
- NCACPA On Demand 365
Registration Fees
| Registration | Type | Price |
|---|---|---|
| On Demand (4 hours) | Members | $160.00 |
| On Demand (4 hours) | Non Members | $320.00 |
The North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.