Hands-on Tax Return Workshop - Individuals (Form 1040) - Part 2 8 Credits
With January-2024 Updates
Learning mode
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.
Navigating the continually shifting landscape of the tax code adds an element of ongoing discovery to the preparation of Form 1040.
This course is designed to immerse participants in the core aspects of Form 1040 preparation, drawing from real client data that accurately represents the intricacies of typical individual income tax returns. We will explore Passive Activity Limitations under §469, uncovering the complexities of real estate activities and the rules governing rental income.
This Course covers various deductions and credits crucial for optimizing tax outcomes. Participants will explore educator expenses, traditional and Roth IRAs, simplified employee pension (SEP), and SIMPLE IRA plans. The course will also delve into student loan interest deductions, moving expenses, self-employed health insurance deductions, and alimony payments. Understanding these intricacies is essential for tax professionals and individuals alike, ensuring they can maximize eligible deductions and credits in their financial planning.
This course is part 2 of the Individuals (Form 1040) series, it includes an examination of the standard deduction and an overview of itemized deductions, encompassing medical and dental expenses, taxes, interest expenses, and charitable contributions. Armed with this knowledge, participants will be adept at guiding clients through strategic decisions in optimizing their deductions based on their unique financial situations.
Join this CE Tax Course for a detailed discussion on individual income tax rates, additional taxes, and alternative minimum tax in the upcoming modules, culminating in a comprehensive understanding of the intricate web of tax regulations.
Major Topics covered in this CPE Course:
Note: The E-Book has two parts. Part 1 covers pages 1 to 289, and Part 2 covers pages 289 to 674.
| License details | Credits | Status |
|---|---|---|
| Taxes for Certified Public Accountants (CPA-US) | 8 CPE | Approved |
| Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-01952-24-S) | 8 CE | Approved |
| Federal tax-related matters for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-01952-24-S) | 8 CE | Approved |
| Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-1439) | 8 CE | Approved |
| Taxes for Personal Financial Specialist (PFS) | 8 CPD | Eligible |
| Taxes for Chartered Financial Analyst (CFA) | 8 PL | Eligible |
| Taxes for Delaware Licensed Public Accountant (DE-LPA) | 8 CPE | Eligible |
| Taxes for Chartered Financial Consultant (ChFC) | 8 CE | Eligible |
| Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-01952-24-S) | 8 CE | Approved |
| Taxes for Certified Wealth Strategist (CWS) | 8 CE | Eligible |
| Trust and Estate Practitioners (TEP) | 8 CPD | Eligible |
| Taxes for Certified Fiduciary and Investment Risk Specialist (CFIRS) | 8 CE | Eligible |
| Taxes for Retirement Income Certified Professional (RICP) | 8 CE | Eligible |
| Federal tax-related matters for LTC (Approval No. GEHNZ-T-01952-24-S) | 8 CE | Eligible |
| Estate Planning for Certified Plan Fiduciary Advisor (CPFA)/Qualified Plan Financial Consultant (QPFC) | 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-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-01952-24-S) | 8 CE | Approved |
| Financial aspects of estate and retirement planning for Certified Senior Advisor (CSA) | 8 CE | Eligible |
| Taxes for Chartered Special Needs Consultant (ChSNC) | 8 CE | Eligible |
| Taxes for CIPM | 8 PL | 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-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-01952-24-S) | 8 CE | Approved |
| Federal tax-related matters for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-01952-24-S) | 8 CE | Approved |
| Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-1439) | 8 CE | Approved |
| Taxes for Personal Financial Specialist (PFS) | 8 CPD | Eligible |
| Taxes for Chartered Financial Analyst (CFA) | 8 PL | Eligible |
| Taxes for Delaware Licensed Public Accountant (DE-LPA) | 8 CPE | Eligible |
| Taxes for Chartered Financial Consultant (ChFC) | 8 CE | Eligible |
| Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-01952-24-S) | 8 CE | Approved |
| Taxes for Certified Wealth Strategist (CWS) | 8 CE | Eligible |
| Trust and Estate Practitioners (TEP) | 8 CPD | Eligible |
| Taxes for Certified Fiduciary and Investment Risk Specialist (CFIRS) | 8 CE | Eligible |
| Taxes for Retirement Income Certified Professional (RICP) | 8 CE | Eligible |
| Federal tax-related matters for LTC (Approval No. GEHNZ-T-01952-24-S) | 8 CE | Eligible |
| Estate Planning for Certified Plan Fiduciary Advisor (CPFA)/Qualified Plan Financial Consultant (QPFC) | 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-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-01952-24-S) | 8 CE | Approved |
| Financial aspects of estate and retirement planning for Certified Senior Advisor (CSA) | 8 CE | Eligible |
| Taxes for Chartered Special Needs Consultant (ChSNC) | 8 CE | Eligible |
| Taxes for CIPM | 8 PL | 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.
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.
Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.
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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.
MA
Was a good challenge to see if I still know my tax stuff well and if my job has not let me down in keeping my tax acumen sharp!
PK
Timely and informative presentation; the handout material can also serve as a great resource for tax preparation process
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