1040 Tax Pro Exam Prep Series
Included Courses
| Pension and Social Security Income | 5 Hours | Available (In Progress) | |
| Federal Tax Credits for Families with Children | 4 Hours | Available (In Progress) | |
| Filing Status and Dependents | 4 Hours | Available (In Progress) | |
| Investment, Wage, Tip and Other Income | 4 Hours | Available (In Progress) | |
| IRS Ethics Rules Governing CPAs, EAs & RTRP's | 4 Hours | Available (In Progress) | |
| Federal Tax Credits for Business | 4 Hours | Available (In Progress) | |
| Understanding the AMT | 5 Hours | Available (In Progress) | |
| Self Employment Income and Expenses | 7 Hours | Available (In Progress) | |
| Rental Income and Passive Activity Loss Limitations | 4 Hours | Available (In Progress) | |
| Installment Sales and Like Kind Exchanges | 4 Hours | Available (In Progress) | |
| Sale of Assets | 5 Hours | Available (In Progress) | |
| Depreciation Made Easy | 8 Hours | Available (In Progress) | |
| Basis of Assets | 4 Hours | Available (In Progress) | |
| Amended Returns, Kiddie Tax, Penalties | 4 Hours | Available (In Progress) | |
| Itemized Deductions | 5 Hours | Available (In Progress) | |
| Itemized Deductions | 5 Hours | Available (In Progress) | |
| Adjustments to Income | 6 Hours | Available (In Progress) | |
| Federal Tax Credits for Individuals | 4 Hours | Available (In Progress) |
Course Content
For Tax Professionals Preparing for Examinations
The 1040 IRS Prep Series is an intensive program for tax professionals who want an in-depth study of individual tax law.
This program is designed to prepare you for the IRS national tax preparer competency exams. The series is a favorite for preparers studying for Oregon's rigorous LTC exam. It is also recommended for anyone who is preparing for the individual portion of the IRS Special Enrollment Examination.
Completion Time
Recommended completion time for this series of courses is 4-8 weeks. The structure of this course allows students to work at their own pace. Students will participate in a series of lectures provided by Pacific Northwest Tax School instructor April Gutierrez.
Classwork is provided for students to apply concepts covered in each course to sample tax forms. Each course will finish with a quiz to test student's knowledge of the topics covered. Course materials provided to students with every course include:
- A detailed Student Manual
- Classwork answer keys
- Quizzes and quiz answer keys
- Homework answer keys upon successful completion of each course
The 1040 IRS Prep Series includes up to 93 hours of CPE. Students have one year to complete all course assignments and receive continuing education for completed courses. CPE is awarded at the time each course is completed which means CPE can be spread over 2 renewal periods.
Learning Objectives
Students will be provided with an in-depth study of individual tax law. The program is intended for individuals who have an understanding of basic tax law and are preparing for the Enrolled Agent exam, the upcoming IRS licensing exam, or the Oregon LTC exams. By the conclusion of this program, students will be educated in the following areas of individual tax law:
- Filing requirements of individuals
- Filing status and dependency rules
- Reporting and calculating taxability of retirement income
- Identifying and reporting earned income
- Investment income and expenses
- Federal deductions and tax credits
- Business income and expense reporting for sole proprietors
- Calculating and reporting capital gains
- Passive activity income and expense rules
- Alternative minimum tax
- IRS Ethics Rules
Format Delivery
The interactive structure of this course combines the best elements of a live class with the convenience of allowing students to work at their own pace. Students will watch a video-recording of a lecture provided by one of Pacific Northwest Tax School's skilled instructors.
To successfully complete this course, students must watch the lecture video and successfully complete all tests with a score of 70% or higher.
A Q&A Forum is provided in the LMS for this course. Self-paced Online students may use the Q&A Forum to post questions and receive answers from course instructors about topics and assignments included with this course.
Disclosures and School Policies
Terms of Enrollment
Pacific Northwest Tax School's course materials and teaching techniques are valuable proprietary information of Pacific Northwest Tax School, and all such information is subject to copyright, including written, recorded, internet based as well as all other electronic media.Each Student agrees that she/he will use the information only for purposes of education and training; and as a condition of enrollment, that they will not to disseminate the information to any third party and will treat the materials as confidential information of Pacific Northwest Tax School.As a condition of enrollment, Students pledge not use any information in any competitive fashion, including to create or derive competitive materials. Students further agree that any breach of these terms and conditions shall cause the school irreparable harm, entitling Pacific Northwest Tax School to injunctive relief, as well as any other remedy that may be available at law or equity. Students shall have six months from date of enrollment in any course, to complete the course and receive their Certificate of Completion.
Basic Tax Law
Students taking any Basic Tax Law course, agree to comply with all Terms of Enrollment outlined the enrollment agreement form for that course, which can be found in the Introductory Session (Session 0) of each course.
Prerequisites & Advance Preparation
Students intending to write the Oregon State Tax Exam, must be at least 18 years of age, and have High School Diploma or GED. Students using our self-paced internet based program should prepare for classes by downloading and printing course materials. For more information including detailed course descriptions and learning objectives, view the lesson plans of each course, located on Pacific Northwest Tax School's website at:
Cancellations/Refunds
Continuing professional education courses including interactive, non-interactive and correspondence program fees are non-refundable and non-transferable. Webinars/Webcasts are non-transferable and in most cases non-refundable. A student may choose to be switched to another Webinar/Webcast of equal or lesser value if a conflict with the scheduled time exists. In the case of a missed Webinar/Webcast a request to transfer to a new Webinar/Webcast must be made with 48 hours of when the Webinar/Webcast aired. Refunds will be issued ONLY prior to the start of the Webinar/Webcast. A $15.00 processing fee will be withheld from all refund amounts. For more information regarding administration policies including complaints and refunds, please contact our offices at 503-646-5600.
Problem Resolution
Pacific Northwest Tax School gives the highest priority to delivering quality education programs.If you have concerns about our programs please contact the Pacific Northwest Tax School Education Coordinator at: supportoc@pnwtaxschool.com
Disclaimer
Manuals distributed and programs sponsored by Pacific Northwest Tax School are designed to teach application of tax laws. Pacific Northwest Tax School works to provide accurate and timely material to students, however the school does not have any responsibility if human and/or mechanical error exists.Accordingly, no assurance is given by Pacific Northwest Tax School that such information is totally comprehensive or accurate in its coverage of such subject matter. Information published or sponsored by Pacific Northwest Tax School should not be relied upon as a substitute for independent research to original sources of authority such as the Internal Revenue Code, IRS Publications and Internal Revenue Rulings. Pacific Northwest Tax School, its authors, and instructors do not render legal, accounting, or other non-educational professional advice. If legal advice or other expert assistance is required, the services of a competent professional should be sought. Credit hours are subject to change without notice.
