Surgent's Max the Tax: Common 1040 Items

Overview

During this interactive simulation, you will act as an IRS tax agent tasked with analyzing a tax return with various items flagged for review. After you interview the taxpayers, you must make any necessary changes to the return based on the latest tax legislation. Your goal is to close the examination and ensure the tax return is complete and accurate. Do you have what it takes to “Max the Tax”?

Objectives

• Determine whether any updates are required based on the tax return items flagged for review
• Understand how recent legislation impacts Form 1040 reporting

Highlights

• The taxation of cryptocurrency mining
• The CARES Act Economic Impact Payments and Recovery Rebate Credit
• The ARPA unemployment compensation exclusion
• Charitable contributions
• The Child Tax Credit

Designed For

Tax practitioners desiring an interactive approach to learn the latest tax legislation

Prerequisites

Basic knowledge of tax accounting principles

Preparation

None

Notice

This self-study product is a course manual download with a test.

You will receive an email from Surgent CPE with instructions to access this course.