Preparing Individual Tax Returns for New Staff and Paraprofessionals Webinar

Dec 8
10:00 - 6:00 p.m.


CPE Credits

The objective of this course is to train new staff accountants, data processing employees, paraprofessionals, and bookkeepers to prepare a moderately complex federal individual income tax return (Form 1040). Over the years, thousands of new staff have received practical, hands-on experience to become familiar with tax forms. This course covers the latest tax law changes, making it essential for your new staff.
  • Comprehensive coverage of the Inflation Reduction Act of 2022 and The SECURE Act 2.0 
  • Preparation of various Form 1040 individual tax returns and schedules; provided answers include “filled-in” forms 
  • Coverage of Form 7203 
  • 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 


PICPA Member: $279
Nonmember: $389

More Information

Course No. PITR-2023-01-WEBNR-342-01

Level: Basic

Prerequisites: None

This webinar is hosted by PICPA's partner, Surgent CPE. After registering, you will receive an email from Surgent CPE with the log-in information.


Nicole DeRosa

Surgent McCoy CPE LLC