Hands-on Tax Return Workshop - Individuals (Form 1040) - Part 1 8 Credits
Updated till January 2025
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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 Course to gain insights into the dynamic landscape of retirement plans, IRAs, and employee benefits.
Note: The E-Book has two parts. Part 1 covers pages 1 to 296, and Part 2 covers pages 297 to 672.
| License details | Credits | Status |
|---|---|---|
| Taxes for Certified Public Accountants (CPA-US) | 8 CPE | Approved |
| Federal Tax Law Update for Enrolled Agents (EA) (Approval No. GEHNZ-U-02305-25-S) | 8 CE | Approved |
| Federal Tax Law Update for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-U-02305-25-S) | 8 CE | Approved |
| Federal Tax Law Update for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-1863) | 8 CE | Approved |
| Taxes for Personal Financial Specialist (PFS) | 8 CPD | Eligible |
| Taxes for Delaware Licensed Public Accountant (DE-LPA) | 8 CPE | Eligible |
| Taxation for Chartered Financial Consultant (ChFC) | 8 CE | Eligible |
| Federal Tax Law Update for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-U-02305-25-S) | 8 CE | Approved |
| Tax Planning for Certified Financial Planner (CFP-US) (Approval No. 332229) (Valid upto : Dec 31, 2025) | 8 CE | Approved |
| Taxes for Retirement Income Certified Professional (RICP) | 8 CE | Eligible |
| Federal Tax Law Update for LTC (Approval No. GEHNZ-U-02305-25-S) | 8 CE | Eligible |
| Taxes for Wealth Management Certified Professional (WMCP) | 8 CE | Eligible |
| Taxes for Financial Services Certified Professional (FSCP) | 8 CE | Eligible |
| Taxes for Iowa Licensed Public Accountant (IA-LPA) | 8 CPE | Eligible |
| Taxes for Maine Licensed Public Accountant (ME-LPA) | 8 CPE | Eligible |
| Federal Tax Law Update for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-U-02305-25-S) | 8 CE | Approved |
| Taxes for Chartered Special Needs Consultant (ChSNC) | 8 CE | Eligible |
| Taxes for Chartered Advisor in Senior Living (CASL) | 8 CE | Eligible |
| License details | Credits | Status |
|---|---|---|
| Taxes for Certified Public Accountants (CPA-US) | 8 CPE | Approved |
| Federal Tax Law Update for Enrolled Agents (EA) (Approval No. GEHNZ-U-02305-25-O) | 8 CE | Approved |
| Federal Tax Law Update for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-U-02305-25-O) | 8 CE | Approved |
| Federal Tax Law Update for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-1863) | 8 CE | Approved |
| Taxes for Personal Financial Specialist (PFS) | 8 CPD | Eligible |
| Taxes for Delaware Licensed Public Accountant (DE-LPA) | 8 CPE | Eligible |
| Taxation for Chartered Financial Consultant (ChFC) | 8 CE | Eligible |
| Federal Tax Law Update for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-U-02305-25-O) | 8 CE | Approved |
| Tax Planning for Certified Financial Planner (CFP-US) (Approval No. 332229) (Valid upto : Dec 31, 2025) | 8 CE | Approved |
| Taxes for Retirement Income Certified Professional (RICP) | 8 CE | Eligible |
| Federal Tax Law Update for LTC (Approval No. GEHNZ-U-02305-25-O) | 8 CE | Eligible |
| Taxes for Wealth Management Certified Professional (WMCP) | 8 CE | Eligible |
| Taxes for Financial Services Certified Professional (FSCP) | 8 CE | Eligible |
| Taxes for Iowa Licensed Public Accountant (IA-LPA) | 8 CPE | Eligible |
| Taxes for Maine Licensed Public Accountant (ME-LPA) | 8 CPE | Eligible |
| Federal Tax Law Update for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-U-02305-25-O) | 8 CE | Approved |
| Taxes for Chartered Special Needs Consultant (ChSNC) | 8 CE | Eligible |
| Taxes for Chartered Advisor in Senior Living (CASL) | 8 CE | Eligible |
Credits
Course Level
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 aintenance 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.
Need to meet your Enrolled Agent (EA) Continuing Education (CE) requirements? MYCPE ONE has you covered. Our Online EA CE courses make it easy to earn credits while expanding your expertise in tax regulations and practices. Stay ahead with the latest updates and in-depth insights designed to keep you at the top of your field. With flexible scheduling and a user-friendly platform, MYCPE ONE offers a convenient, interactive learning experience. Start advancing your career today!
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
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To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.
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A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.
To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.
Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.
To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.
After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.
We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.
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!
BM
The presenter is thorough, but with the materials provided could easily have extended this part of the course to twelve hours. I assume the same is true for the second part of the course! He alternates well between explaining principles and applying them to the case of the Sampsons.
.webp "Practical Guide to IRAs – Contributions & Distributions for Traditional, Roth, SEP & SIMPLE IRAs")
Jan 23, 09:00 AM ET
Jan 23, 09:30 AM ET
-1719244674.webp "SECURE 2.0 Update - What was Changed and What was Added - Part II")
Jan 23, 10:00 AM ET
.webp-1733502186 "Foundational Knowledge for Individual Tax Returns (1040 Series)")
Jan 23, 10:00 AM ET
Jan 23, 10:00 AM ET
Jan 23, 10:00 AM ET
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