Individual Income Tax Form 1040 Comprehensive Problem

Construct a complex tax return step by step with a Certified Public Accountant CPA

4.88 (126 reviews)
Individual Income Tax Form 1040 Comprehensive Problem
8 hours
Feb 2021
last update
regular price

What you will learn

How to complete at tax return

How to calculate taxes using a tax formula

How to use tax software to help complete a complex return

How to use an Excel tax worksheet to check work

Why take this course?

Master Individual Income Tax Form 1040 with a Certified Public Accountant (CPA)! ๐Ÿ—ธ๏ธ๐Ÿ’ผ

Course Description:

This is not just another tax course; it's a hands-on, project-based journey designed to construct a complex tax return step by step. Led by Robert (Bob) Steele, a seasoned CPA and instructor with over 30 years of experience in the field, this course will take you from the basics to advanced income tax concepts using real-world examples and practical applications.

What You'll Learn:

  • Step-by-Step Construction: Begin with a simple Form 1040 and gradually build complexity as you progress through the course.
  • Real-World Application: Engage with actual 2020 income tax forms to understand their practical use.
  • Data Verification: Utilize an Excel worksheet to double-check your numbers, ensuring accuracy and precision in your tax calculations.
  • Tax Software Proficiency: Learn the ins and outs of using Lacerte tax software, or apply similar concepts with other tax software options.
  • Best Practices: Adopt the professional practices used by many tax professionals that enhance understanding and improve return accuracy.

Course Highlights:

  • Interactive Learning: Follow along with Bob Steele as he navigates through each step, using his expertise to clarify complex concepts.
  • Comprehensive Practice Problems: Start with W-2 forms and Form 1099s, then progress to more complex scenarios involving Schedule A Itemized Deductions, a Schedule C Sole Proprietorship, and Schedule E Rental Income or Loss.
  • Detailed Resources: Access example tax forms after key steps, and use the provided Excel worksheet template in instructional videos to enhance your learning experience.

Who Should Take This Course?

This course is perfect for:

  • Beginners: Those who are new to individual income tax preparation and want to learn from the ground up.
  • Tax Professionals: Experienced tax preparers looking to brush up on their skills or familiarize themselves with new software like Lacerte.
  • Students: Individuals pursuing careers in accounting, finance, or taxation who need hands-on experience.

What You'll Need:

  • Tax Software: We recommend Lacerte, which offers a free 30-day trial if you don't already have it. Other tax software can also be used with similar functionalities.
  • Excel Skills: Basic knowledge of Excel is beneficial for following along with the course materials and exercises.
  • Access to IRS Resources: The IRS website provides all the necessary forms and publications if you're not using tax software.

Course Benefits:

  • Real-World Skills: Gain practical experience by working through a comprehensive tax return.
  • Accuracy Focus: Learn to verify your calculations with an Excel worksheet, ensuring the accuracy of your returns.
  • Software Savvy: Become proficient in using tax software like Lacerte, which is crucial for any tax professional's toolkit.
  • Confidence in Complexity: Feel confident tackling complex tax situations with the knowledge and tools you'll gain from this course.

Enroll now to embark on your journey to becoming a tax preparation expert! With Robert (Bob) Steele as your guide, you're in capable hands. Let's dive into the world of taxes together and construct a complex tax return from start to finish ๐Ÿงพโœ…๐Ÿ’ซ!


February 16, 2023
Love the details and how it's explained and re-done line by line. Thank you Bob! This is a great course!
February 16, 2023
This is very informative and will be helpful in future cases. The professor is very knowledgable and explains his actions in detail.
June 5, 2021
Amazing Course, I learned a lot from it, everything is simplified to be able to understand everything, He is really an expert. I recommend it to any one wants to understand the 1040 form and how to apply it on any tax software



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