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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
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.
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.
15 Ratings
JC
Feb 10th, 2024
My experience with myCPE continues to be positive with easily accessible information and no-nonsense testing!
SF
Feb 13th, 2024
great
