Course ID: STSI

Streamlined Tax Staff Training – Individual


Essential knowledge for the new income tax return preparer, in an information packed day of practical instruction. Return preparation techniques are illustrated using real practice situations culled from hundreds of “tax organizers” and thousands of client questions. Jump start the career of the new accountant.


LEARNING OBJECTIVES
  • Identify tax Issues and when to ask for help
  • Interpret client information; real estate closing statements, Forms 1099R, and Forms 1099 from mutual funds, and forms 1099b from brokers to properly classify and report transactions
  • Analyze supporting documents for tax information
  • Prepare Forms 1040, 4562, 4797, 6251, and others, efficiently (with or without a computer!)
  • Use IRS publications and information at www.irs.gov to answer tax questions efficiently
  • Be a productive member of the tax-team, communicating clearly with a return reviewer

MAJOR TOPICS
  • Identifying, summarizing and classifying income and deductible expenses
  • Depreciation, cost recovery, and recapture
  • Passive losses
  • Interest tracing
  • Trade or business expenses
  • Capital gains and losses
  • Alternative minimum taxation
  • Procedures to minimize errors and simplify review
  • Finding answers to tax questions quickly and correctly

DESIGNED FOR
New tax staff that need orientation to individual tax return preparation issues.

PREREQUISITES
None

COURSE PRODUCER
Nichols Patrick CPE, Inc

CPE CREDITS
8.0

LEVEL
Basic

This course is available to be scheduled as:

Group Live
 

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Or, contact BLI: 888-481-3500 or learn@blionline.org