With a step-by-step analysis of Form 1040 and certain accompanying schedules, this course provides the basics of tax preparation.

This course is designed to assist individuals who are beginning a career in tax preparation. With a step-by-step analysis of Form 1040 and certain accompanying schedules, this course provides the basics of tax preparation. Some topics are discussed in more depth in an effort to clarify issues related to those select topics.

Upon completion of this course, the learner will be able to:

• Establish a taxpayer’s filing requirements and filing status.
• Determine who is eligible to be claimed as a dependent.
• Recognise and report different types of income and adjustments to income.
• Compare itemised deductions and the standard deduction.
• Describe several non-refundable and refundable income tax credits.
• Calculate an individual tax client’s federal income tax liability.
• Complete Forms 1040, Schedule A and Schedule B.