November 24, 2025


Live Webcast


8 CPE

Fundamentals of the 1040 for Junior Staff

November 24, 2025
Live Webcast
8 CPE

Fundamentals of the 1040 for Junior Staff

  • View Bio

    Instructor

    Mary Jane
    Hourani

    View Bio

Learning Objectives

  • Identify preparer responsibilities, including due diligence and ethical obligations
  • Determine the correct filing status and eligibility of dependents based on tax law
  • Recognize and classify taxable income sources, including wages, self-employment, rental income, and investment income
  • Differentiate between standard and itemized deductions and apply the correct deduction to a taxpayer’s return
  • Calculate refundable and nonrefundable tax credits, including the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC)
  • Analyze Schedule C to determine business income, deductions, and self-employment tax implications
  • Evaluate rental income and pass-through entity reporting on Schedule E and Schedule K-1
  • Interpret Form 7203 to determine shareholder stock and debt basis for S corporations
  • Apply Form 7217 for capital construction funds and deferred tax liability reporting
  • Implement best practices for taxpayer data security and confidentiality

Major Topics

  • Form 1040 essentials: filing requirements, due dates, and key schedules
  • Filing status, dependency rules, and taxable income sources (wages, business income, rental income, and investments)
  • Adjustments to income, deductions, and tax credits (standard vs. itemized deductions, Child Tax Credit, Earned Income Tax Credit, and Education Credits)
  • Self-employment and business income taxation (Schedule C, self-employment tax, business deductions)
  • Rental income and pass-through entity reporting (Schedule E, Schedule K-1, shareholder stock and debt basis on Form 7203)
  • Preparer due diligence, Circular 230 compliance, and taxpayer rights
  • IRS cybersecurity considerations and best practices for taxpayer data security
  • Legislative updates for 2024 and potential changes in 2025

CPE Credits Available

8 CPE
8
Taxes

Things to Know About This Course

Course Level

  • Intermediate

Prerequisites

None

Advanced Preparation

None

Intended Audience

Jr staff, entry-level tax preparers, and early-career tax professionals working on individual tax returns. This course level is designated as Basic to Intermediate.

Provider

Werner-Rocca

Register For This Event

  • MACPA Member

    $ 315 315
    Join
  • MACPA Non-Member

    $ 415 415
    Your Price

Please login to register.