MYCPE ONE

Comprehensive 1040 Workshop for Preparers and Staff

Your Complete 2022 Guide for Individual Tax Return

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Conference Overview

IRS Form 1040 is the basic federal income tax form that almost every taxpayer in the U.S. must use. There are two main exceptions: non-resident aliens use Form 1040-NR and seniors have the option to file Form 1040-SR, which is nearly identical but has language tailored to taxpayers aged 65 and older. Certain individuals also don’t need to file a tax return, such as some single filers whose earned income is less than the standard deduction.

Constant changes to the tax code make Form 1040 preparation an ongoing adventure. This virtual CPE conference will give you the confidence to:

  • Prepare tax forms, schedules and worksheets using the most recent forms available
  • Gain a working knowledge of tax law
  • Understand recent developments affecting individual tax returns

This virtual CE event provides a comprehensive understanding of Form 1040 complexities with regard to income items. It is essential for the tax practitioner who wants to update their knowledge of individual income taxation!

Completed

Continuing Education Credits

The sessions of the conference qualifies for

Qualification Credits Subject Area
CPA (US) 4 Taxes
Accountant/Bookkeeper/Tax Professionals 4 All
EA 4 All
AFSP 4 All
ORTP 4 All
Maryland Tax Preparer 4 All
CWS 4 All
CFIRS 4 All

Sessions

Sep 19th, 2022

Speakers:
Speaker Name
Megan Angle

Partner
Porte Brown

  • 4.3
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Form 1040 is the standard Internal Revenue Service (IRS) form that individual taxpayers use to file their annual income tax returns. The form contains sections that require taxpayers to disclose their taxable income for the year to determine whether additional taxes are owed or whether the filer will receive a tax refund.

Major topics covered in this CE session:

  • Form 1040 US Individual Tax return
  • Types of Form 1040

Learning Objectives

  • To describe the overview of the return
  • To determine the filing status
  • To discuss the due dates

Other Details

Subject Area

-

Course Level

Basic

Instuctional Method

Group Internet Based

Pre-requisites

-

Advance Preparation

-

Speakers:
Speaker Name
Megan Angle

Partner
Porte Brown

  • 4.3
  • rating
  • rating
  • rating
  • rating
  • rating

Why file Form 1099 and Form W-2? It’s the law – and the IRS is increasing enforcement in this area.

Who must issue 1099? Any business – regardless of its structure (sole proprietor, corporation, etc) that makes "reportable transactions" during the year is requires to issue 1099 to the recipient of income and to the IRS.

In this CE session of this virtual CE conference, we will review the current law and regulations regarding the filing of Forms W-2 and 1099 and the speaker will provide practical guidance in these areas that have become the subject of increasing IRS scrutiny.

The requirements are always changing, and answers are seldom clear-cut. This CPE session will de-mystify some of the tricky areas relating to Form 1099 and Form W-2

Major topics covered in this online CPE/CE session:

  • What constitutes a reportable transaction?
  • What are the best practices for handling our information reporting obligations?
  • How can we minimize the risk of improper exemption claims by our payees and vendors? 

Learning Objectives

  • To identify the rules requiring W-2 documentation and 1099 reporting for various types of forms.
  • To recognize the rules and keep your company in compliance.
  • To identify that your records are correct and will stand the scrutiny of an IRS 3rd Party Documentation and Reporting audit.

Other Details

Subject Area

-

Course Level

Basic

Instuctional Method

Group Internet Based

Pre-requisites

-

Advance Preparation

-

Session Speakers

Megan Angle | CPE/CPD Courses for CFE CRTP Professionals
Megan Angle

Partner
Porte Brown

Sep 19th, 2022

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Frequently Asked Questions

Virtual conference with MYCPE ONE is enveloped around a theme or subject or driven towards a particular audience, and is designed to be more collaborative; with a tremendously interactive agenda, panel discussions, and gives an option to all participants being able to turn their web cameras on and participate more actively. Virtual conference offers multiple sessions over a longer time frame of more than 8 hours. Virtual conferences help build a community or initiate networking opportunities.

MYCPE ONE is seamlessly integrated with ZOOM for conducting continuing education events. Please ensure that you check the system requirements before the event starts. The system requirements are :

  • An internet connection – broadband wired or wireless (3G or 4G/LTE)
  • Speakers and a microphone (required in case of interactive sessions) – Built-in, USB plug-in, or wireless Bluetooth
  • A webcam or HD webcam - built-in, USB plug-in (required in case of interactive sessions)
  • CLICK HERE to view the System Requirements for Zoom.

There is an official break scheduled for this workshop/events. Other than the scheduled break, the in-session breaks shall be available at discretion of the speaker.

The MYCPE ONE virtual events are designed to impart education around a specific theme or subject from a basic to an advanced level, which is why we do not recommend you to leave the event in between. However, if you had to leave the event because of some unforeseen circumstances, you would be granted the credits for the sessions that you attended completely and wherein you answered all the polling questions.

The recording of the event can be made available to you, on request. You can reach out to us at support@my-cpe.com or can also let us know through live chat support if you need a recording for this event. However, the recording shall not be available for Continuing Education Credits.


During every conference the chat panel shall always be open. You can mention the issue faced by you in the chat panel and our moderator will take it up for resolution shortly. You can also reach out to our support team in the live chat support or at support@my-cpe.com