Essential 1040® 

Fees: $97 for Members and $113 for Nonmembers

New in 2012 – Added Support for The Essential 1040® attendees:

• Timely tax law updates after the workshop and throughout the 2013 individual filing season.
• Quick reference guides, worksheets and flowcharts.
• Access to electronic Essential 1040® textbooks for 2009, 2010 and 2011.

Summary
For 27 years NATP has been providing the best tax update in the country to prepare professionals for the coming tax season. We promise to continue that tradition of excellence this year. There are the standard features of the inflation-indexed updates for preparing individuals’ 2012 tax returns, new tax laws applicable to 2012 and recent developments. This is combined with two hours of Ethics.

Table of Contents

Objectives:
Upon completion of this course, you will be able to: 

• Apply inflation-adjusted amounts for 2012 individual tax returns.
• Identify expiring tax provisions.
• Identify new federal tax laws that have passed since 2011.
• Identify federal tax provisions first taking effect in 2012.
• Apply the latest court and IRS rulings to taxpayers’ current situations.
• Implement tax strategies for clients in light of new developments.
• Examine provisions of the Fiscal Year 2012 IRS Return Preparer Initiative to identify ethical considerations.
• Explain a tax professional’s responsibility to provide records in an IRS compliance check.
• Apply ethics as it relates to a tax practice and practice before the IRS under Circular 230.
• Distinguish between limited practice and the full right to practice.
• Identify the various penalties that can be assessed on a tax return preparer.
• Explain the due diligence requirements for earned income tax credit (EIC).