Federal Tax Update: Individual Form 1040
Available Until
Self-study
8.00 Credits
Member Price $199.00
Non-Member Price $259.00
Overview
In this course, we will explore how auditors identify and assess the risks of material misstatements by gaining a comprehensive understanding of privately owned companies and their unique challenges. Key questions we will address include: Are identifiable controls in place? Do owners and managers actively promote compliance with company policies? Have they documented these controls and effectively communicated them to staff? Are these controls observable and testable for operating effectiveness? Additionally, do owners and managers monitor employee performance and evaluate the effectiveness of the controls implemented?
Highlights
- Review of recent federal legislation and administrative rulings
- Review of recent modifications to tax forms
- Review of small business tax law and administrative update changes
- Review of retirement plan changes
- Overall review of tax practice and procedures
Prerequisites
Basic knowledge of individual income taxation.
Objectives
- Understand the major federal income tax laws impacting individuals as well as changes to Form 1040 and other related schedules and forms
- Understand the new tax legislation passed by Congress
- Understand the new administrative guidance issued by the IRS and Treasury Department
- Understand the recent court decisions that impact individual taxation
Preparation
None.
Notice
This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by CalCPA. The course expires one year from the purchase date. Format = Online Self-Study.
Non-Member Price $259.00
Member Price $199.00