MYCPE ONE

The Form 1040: Individual Tax Return - Key Essentials

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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
4 All

Sessions

Sep 24th, 2021

Speakers:
Speaker Name
Megan Angle

Partner
Porte Brown

  • 4.3
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Dividends are income earned by investing in stocks, mutual funds or exchange-traded funds, and they are included in your tax return on Schedule B, Form 1040. 

Capital gains are the amount an asset increases in value between when it is purchased and when it is sold and they are included in your tax return on Schedule D, Form 1040

The U.S. tax code gives similar treatment to dividends and short-term capital gains, and qualified dividends and long-term capital gains, respectively.

IRS Schedule B is a tax schedule that helps American taxpayers compute income tax due on interest and dividends earned.

IRS Schedule D is a tax schedule that helps taxpayers compute income tax due on capital gains

Major Topics covered in this CPE session:

  • Who must file Schedule B?
  • Who must file schedule D?
  • What are the special considerations for filing schedule B?
  • What are the special considerations for filing schedule D?

Learning Objectives

  • To determine tax rates on interest and dividends
  • To determine on what capital gains tax is paid
  • To determine when someone will be exempt from capital gains tax
  • To determine other information that is required to file schedule B and D

Qualifies For

License details Credits Status
Accountant/Bookkeeper/Tax Professionals 2 General Credit Eligible
Annual Filing Season Program (AFSP) 2 CE Approved
Taxes for Certified Public Accountants (CPA-US) 2 CPE Approved
Enrolled Agents (EA) (Approval No. GEHNZ-T-00677-21-O) 2 CE Approved
Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-00677-21-O) 2 CE Approved
(Approval No. 6273-CE-0639) 2 Eligible
Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-00677-21-O) 2 CE Approved
Certified Fiduciary and Investment Risk Specialist (CFIRS) 2 CE Eligible
Certified Wealth Strategist (CWS) 2 CE Eligible

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

Tax credits and deductions can change the amount of tax you owe so you pay less. Credits can reduce the amount of tax you owe. Deductions can reduce the amount of your income before you calculate the tax you owe.

A taxpayer can claim itemized deductions as an alternative to taking the standard deduction if this option provides greater savings

Major Credits for Individuals

  • Family and dependent credits
  • Income and savings credits
  • Homeowner credits
  • Health care credits
  • Education credits

Major deductions for individuals

  • Work-related deductions
  • Itemized deductions
  • Education deductions
  • Health care deductions
  • Investment-related deductions

Learning Objectives

  • To determine which schedule is used for claiming deductions
  • To determine in which schedule tax credits are reported

Qualifies For

License details Credits Status
Accountant/Bookkeeper/Tax Professionals 2 General Credit Eligible
Annual Filing Season Program (AFSP) 2 CE Approved
Taxes for Certified Public Accountants (CPA-US) 2 CPE Approved
Enrolled Agents (EA) (Approval No. GEHNZ-T-00681-21-O) 2 CE Approved
Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-00681-21-O) 2 CE Approved
(Approval No. 6273-CE-0643) 2 Eligible
Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-00681-21-O) 2 CE Approved
Certified Fiduciary and Investment Risk Specialist (CFIRS) 2 CE Eligible
Certified Wealth Strategist (CWS) 2 CE Eligible

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 24th, 2021

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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