Streamlined Tax Staff Training - Individual

Overview

Essential knowledge for the new income tax return preparer presented 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. This program is a great jump start for the career of the new accountant.

Prerequisites

None

Designed For

New tax staff members who need orientation to individual tax return preparation issues.

Objectives

Participants will be able to: • Identify tax issues and when to ask for help • Interpret client information-real estate closing statements, Forms 1099R, 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

Preparation

None