Surgent's Selected Issues in Preparation of 1040 Individual Income Tax Returns (Self-Study)


Date Valid for one year from purchase date
Format Self-Study (Downloadable PDF)
CPE credits CPE 10.0
10.0 IRS CE approved
of study
Taxes - Technical (10.0)
Standard member fee $150.00
checkmarkStandard nonmember fee $150.00

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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.

Who should take this program?

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

Major subjects

  • 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

Learning objective(s)

  • 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.


Course code Code JSDLSIPI
Sponsor Surgent
NASBA ID#: 103212
Level Basic
Format Self-Study (Downloadable PDF)
Prerequisites Prereq. None