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Course Level :Basic
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Credits :8
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Pre-requisites :None
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Advance Preparation :None
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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.
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.
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.
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 through its website: www.NASBARegistry.org.
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.
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
Since 1993 award winning author and instructor J. Patrick “Pat” Garverick, CPA, MT, CFP® has been providing tax and financial training educational courses to business professionals through out the country. Pat is recognized as one, if not THE best tax instructor in the country.
91 Ratings
JC
Feb 10th, 2024
Enjoyed reviewing this information; the test was straightforward and helped in learning, not tricky like some tests.
JW
Mar 24th, 2024
Excellent refresh on all things tax
JT
Apr 27th, 2024
love the ebook courses!
MA
Jul 30th, 2024
Got the job done!
RHL
May 1st, 2024
Just Plain Fun
