Preparing a Client’s Final 1040 Self-Study
Being able to provide a full suite of services for your client and their family – from the first tax return to the last – can set you apart from other preparers and prove you to be an invaluable part of the family. Be prepared to assist your taxpayer’s family with tax filing for the income earned prior to death with this course, which explains the basic rules for preparing a decedent’s final personal income tax return. Examples illustrating these rules when preparing the final Form 1040 are presented throughout the text.
Upon completion of this course, you will be able to:
- Identify forms and documents needed to prepare a final Form 1040
- Report on the final Form 1040 the portion of interest, dividend, capital gain and miscellaneous income earned through the date of death
- Utilize a decedent’s net operating loss (NOL), capital loss carryovers, passive losses and other tax attributes on the final Form 1040 to minimize tax
- Complete a decedent’s final Form 1040
This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.