Hands-On Tax Return Workshop: Individuals (Form 1040) (2 days) – Webcast

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Jan 4, 2021 - Jan 5, 2021 Pacific Time

Registration: 7:30 AM / Program: 8:00 AM - 4:00 PM Pacific Time


Member Fee: $0.00
Nonmember Fee: $0.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: None


This case-driven training is designed to get the inexperienced accountant up to speed quickly in the most common areas of individual income taxation. The cornerstone of this course is the preparation of the Form 1040 using actual client data common to most individual income tax returns.

Designed For

Tax return preparers, staff accountants, and paraprofessionals with little or no experience and out-of-practice public accountants seeking a basic tax return preparation course.


  • Prepare a complete Form 1040 income tax return and related schedules with minimal review points
  • Understand the individual income tax law from a tax-form perspective and become more knowledgeable with the information gathering process (i.e. asking the right questions)

Major Subjects

This two-day session is taught using a Hands-On methodology. Using a comprehensive case study (actual W-2s, 1099s, 1098s, K-1s, etc.), the participant will walk through the preparation of the Form 1040 and related tax schedules. Each participant will receive a comprehensive individual income tax reference manual that includes numerous practice aids, real-world examples, new federal income tax forms and schedules, and Pat Garverick’s Quick Reference Chart. Topics include:
  • Discuss the SECURE Act of 2019 individual income tax provisions 
  • Detailed coverage of the temporary (2018-2025) individual income tax provisions of the Tax Cuts & Jobs Act (TCJA) of 2017
  • Dissecting the Form W-2, 1099s, and Schedule K-1s
  • Form 8995 – Qualified Business Income (QBI) deduction
  • Schedule A – allowable itemized deductions and phase-out rules
  • Schedule B – interest and dividend income
  • Schedule C and F – trade or business income and deductions
  • Form 4562 – depreciation and amortization including §179
  • Schedule D – sale of capital assets and personal residences
  • Form 4797 – sale of trade or business property including the ordinary income recapture rules under §1245 and §1250
  • Schedule E – rentals, passive activities and flow-through entities
  • Other gross income items including alimony, state and local refunds, IRA and pension distributions, unemployment compensation, and social security benefits
  • Adjustments to gross income including IRAs, SEPs, tuition and fees deduction, student loan interest, and self-employed health insurance
  • Calculate regular tax liability (Schedule D), alternative minimum tax (AMT) (Form 6251) and self-employment tax (Schedule SE)
  • Overview of selected income tax credits

This event has already passed. If you have any questions, please contact us at 503-641-7200 or email profdev@orcpa.org.