CPE Course Preparing Individual Tax Returns for New Staff and Paraprofessionals

January 11, 2023

9:00 AM — 4:30 PM


Member Price $259.00Register after December 21 and pay $279.00
Non-member Price $359.00Register after December 21 and pay $379.00

Curriculum Taxation

Field of Interest Taxes (Technical)

Level Beginning

Designed For

New staff and paraprofessionals who prepare individual returns


Learn complicated issues of filing status and dependency exemptions Learn about Schedules A, B, C, D, E, and SE; Forms 2106, 4797, and 4562; passive rules and more Complete comprehensive problems related to Schedules A, C, and D; QBI, 4797, 6251, and more, all with "filled-in" forms Learn about IRA contributions, self-employed retirement plans, child-care credits, and the adoption tax credit


Preparation of various Form 1040 individual tax returns and schedules; provided answers include "filled-in" forms Updated credit information as amended by the Consolidated Appropriations Act of 2020 and American Rescue Plan Act of 2021 Coverage of 199A qualified business income, its calculation, limitations, and examples Dividends and interest - Ordinary, return of capital, and capital gain distribution dividends; tax-exempt interest, original issue discount, etc. Security transactions - From Form 1099-B to Form 8949 to Schedule D, plus mutual fund sales and related basis issues Self-employed person issues Schedule C deductions including depreciation Sale and exchange of property - Understanding Form 4797 and depreciation recapture; capital gains A working understanding of passive losses - How to handle rental property and how the passive loss rules flow to the tax forms Itemized deductions - A thorough understanding of what's deductible and what's not Interest deductions - Limitations and timing problems Charitable contributions substituting for taxes, IRS says - No! Retirement contributions and education credits and deductions Tax computations - The Kiddie Tax, AMT, regular tax, tax credits Individual problems illustrated by form preparation for various items, with numerous "practice tips" Impact of recent legislation and forms changes on the 1040




Surgent McCoy CPE, LLC

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