Updated till January - 2024
This course is valid up to December 31st, 2024 for CFP Professionals. It is advisable to complete this course before that to process the credit on time.
Constant changes to the tax code make Form 1040 preparation an ongoing adventure. This comprehensive course focuses on the fundamental task of preparing Form 1040, utilizing genuine client data representative of typical individual income tax returns.
Navigate the intricate terrain of trade or business income and expenses, delving into the taxation nuances for self-employed individuals and small business owners. Grasp the complexities of depreciation and amortization, crucial elements in accurately reflecting the financial realities of business operations on tax returns. Unpack the intricacies of capital gains and losses, differentiating between short-term and long-term implications and exploring strategies for optimizing tax outcomes in investment transactions. The course culminates with a focused exploration of the tax implications surrounding the sale of business property and like-kind exchanges, using practical examples and case studies to illustrate the application of tax principles in real-world scenarios.
This CPE course is Part 1 of the Individuals (Form 1040) series, it extends these crucial tax components but also develops practical skills through hands-on exercises, ensuring you're well-equipped to navigate the ever-evolving landscape of individual income tax returns with confidence and precision.
Major Topics covered in this CPE Course:
Join this CE Tax Course to gain insights into the dynamic landscape of retirement plans, IRAs, and employee benefits, with a focus on the years 2022, 2023, and 2024.
Owner, The Garvs, LLC (dba The Tax U)
Pat Garverick is a Certified Public Accountant who currently lives in the Phoenix, Arizona area. He began his career in public accounting in 1988 after obtaining his Bachelor of Science in Business Administration (BSBA) in Accounting from The Ohio State University. After receiving his Master of Taxation (MT) degree from Arizona State University in 1992, Mr. Garverick began operating his own tax and financial planning business. He also started writing, reviewing, and teaching tax and financial planning continuing professional education courses around the country.
In addition to being a CPA, Pat is also a Certified Financial Planner (CFP®). This role serves to enhance the knowledge he brings as he writes and presents continuing education material. Mr. Garverick is a member of the Arizona Society of Certified Public Accountants and the American Institute of Certified Public Accountants. Pat has presented continuing education sessions throughout the country and has won awards for both his skills as an instructor as well as for the content he has created. His knowledge, expertise, and high energy have made him one of the profession’s most highly rated speakers. He is in a very small group of instructors that are both extremely knowledgeable and interesting.
During his time in college, Pat earned a letter as a member of the Ohio State Basketball squad. He remains a staunch supporter of the sports programs at his alma mater.
Awards & accolades
Course Level
Credits
Instructional Method
Pre-requisites
Advance Preparation
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.
The instructor was highly knowledgeable and managed to explain complex concepts in a comprehensive manner that made sense. The best aspect was his use of real-life examples to demonstrate how information flows from one schedule to another, and how amounts are carried from one line to the next, capturing everything. I particularly enjoyed the topics on trade or business, especially real estate and NIIT, and the strategies to mitigate them. The section on capital gains from the sale of business property was very insightful, detailing the treatment of certain items and the applicable tax rates. I am looking forward to attending the workshop on business returns for flow-through entities with him as well. Great job!
KJS
A great presentation with an emphasis on details. The case study was incredibly helpful. The presentation was engaging and nicely sequenced without being overwhelming. The presenter is very well-informed. Highly recommended. Going to do part 2 as well
AS
I have always been pleased with myCPE and their platform for webinars etc. Pat is an AMAZING speaker. He really knows his stuff and can explain all the laws, related applications, etc really well. I highly recommend myCPE and Pat. Thank you!
JH
Overall, the information was relevant, clear and presented at a good pace given the amount of material and time constaints. The instructor did a very good job of selecting certain topics to expand on. This is an excellent course!
MA
I really like this presenter. He covers what one needs to know and addresses items that are often skipped over. He is easy to understand because he explains application of the tax law in his own words.
Access to 13000+ Hours of Continuing Education Approved Content Know More
Subscribe To Access
