Selected Issues in Preparation of 1040 Individual Income Tax Returns Download

  • Saturday, May 1, 2021 – Saturday, April 30, 2022

  • 10.00

This course provides new staff accountants, data processing employees, para-professionals, and bookkeepers a study into some of the more complicated issues they may face in tax return preparation. Updated for impacts of the Tax Cuts and Jobs Act of 2017.


  • Complete a comprehensive problem related to Schedule C of the Form 1040
  • Have an overview of passive activity rules
  • Complete a comprehensive Form 1040 including Alternative Minimum Tax
  • Learn about IRA contributions and self-employed retirement plans
  • Complete a comprehensive problem related to computation of an individual’s federal income-tax liability including the Alternative Minimum Tax, with filled-in forms


  • Preparation of various Form 1040 individual tax returns and schedules; provided answers include 'filled-in' forms
  • How the Affordable Care Act affects tax returns
  • Self-employed person issues including Schedule C deductions and detailed case
  • Depreciation deductions including Section 179, bonus depreciation and MACRS deductions
  • Sale of depreciable assets used in a trade or business
  • How to handle rental property and how the passive loss rules flow to the tax forms
  • IRA contributions and distributions
  • Distributions from qualified retirement plans, pensions, and annuities
  • Retirement contributions and education credits and deductions
  • Tax computations including the Alternative Minimum Tax
  • Individual problems illustrating form preparation for various items
  • Impact of recent legislation and forms changes on the 1040

Additional Information

Designed For

New staff, rusty or those returning to the profession, who desire to prepare individual returns



Advanced Preparation



10.00 Taxes



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Level of Knowledge


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