Wolters Kluwer

CCH® 1040 Preparation and Planning Certificate Program

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Published: 11/30/2015

$299.00

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Offer Number: 10039139-0001
Volumes: 1

CCH 1040 Preparation and Planning Certificate Program offers expert, detailed guidance for preparing individual income tax returns to fully prepare tax professionals for the coming tax return season. Written by noted tax experts, Sidney Kess and Barbara Weltman, the CCH Learning Center's 1040 Preparation and Planning Certificate Program covers all the essentials of individual tax return preparation. New and experienced practitioners can go into the tax season knowing they are prepared for the rigors of 1040 preparation, and feel confident that they know what's new and have a good grasp of the fundamentals.

Legislative and regulatory changes affecting returns, recent IRS rulings and significant court decisions are highlighted within each course. New complicated provisions are presented in more detail, so preparers can readily see and understand them in the context of the 1040 form itself.

The courses flow logically, line-by-line through the return and use simple, easy-to-understand language. Filled-in forms and schedules are included, so users can see how real-world tax scenarios flow through onto the forms themselves. A detailed case study is included in the second course in the series.

CCH 1040 Preparation and Planning Certificate Program distinctive features include:

  • Nine comprehensive, easy-to-understand self-study courses
  • Emphasis on fundamental principles, relevant changes and application
  • "Practice Pointers" throughout each course highlight special opportunities
  • "Pitfalls" note critical preparer problem areas to avoid
  • Integrated "Review Questions and Answers" reinforce understanding and improve retention
  • "Illustrative Examples" demonstrate important points and principles
  • Integration with CCH Intelliconnect allows for further research of course topic
  • Up to 33 CPE Credits
  • Certificate of educational achievement upon successful completion of the program certificate exam

CCH 1040 Preparation and Planning Certificate Program is ideal for staff training by accounting firms, tax preparation firms and anyone who needs updated, comprehensive training in completing 1040 tax returns.


Course Listing


1040 Preparation and Planning 1: Fundamentals (2016)

The purpose of this series of CCH Learning Center courses is to bring the tax preparer "up-to-speed" in the most efficient way possible for the tax preparation season. I

The first course in this series, 1040 Preparation and Planning 1: Fundamentals (2016), will introduce you to the fundamentals of federal income tax and will give you an overview of the general income tax structure. The topics presented in this initial course are discussed in general terms and will be covered at length in subsequent courses in this series. It is essential to clearly and thoroughly understand these basic principles. This course will review filing requirements, exemption amounts, exemption eligibility requirements, and the phaseout rules for high-income individuals.

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

  • Describe the basic federal income tax structure
  • Identify who is required to file a return, as well as which status applies to each individual
  • Describe what exemptions are available and the amounts of each
  • Determine eligibility for dependency exemptions

Field of Study: Taxes
Prerequisites: None
Level: Basic
Course was last updated on: 11/4/2015

Credit Available / Units
CPE 3.00 CPE
QAS 3.00 CPE


1040 Preparation and Planning 2: Gross Income (2016)

The purpose of this series of CCH Learning Center courses is to bring the tax preparer "up-to-speed" in the most efficient way possible for the tax preparation season.

This second course in the series, 1040 Preparation and Planning 2: Gross Income (2016) , covers gross income from all sources, as well as exclusions and inclusions to gross income. Topics examined include how to report wages and benefits, including all forms of compensation, as well as which benefits are taxable and which are excludable from income; total interest from banks, savings and loan associations, credit unions, savings bonds, and tax refunds; and miscellaneous exclusions and inclusions not covered elsewhere, as well as how to recognize excludable and includable types of income.

Upon completion of this course, you should be able to:

  • Identify what items are included in gross income and what items are excludable
  • Determine which types of benefits, distributions, interest or insurance proceeds are includible or excludable
  • Identify excludable life insurance proceeds
  • Determine which distributions from annuities, employee retirement plans, and IRAs are includible in gross income
  • Identify what type of interest is taxable and nontaxable
  • Identify qualified dividends and the special tax treatment they enjoy
  • Report compensation in whatever form it is paid
  • Recognize which benefits are taxable and which benefits are excludable from income
  • Recognize which types of income are excludable
  • Determine what portion of some types of income is includible
  • Recognize which types of income are fully includible

Field of Study: Taxes
Prerequisites: 1040 Preparation and Planning 1: Fundamentals (2016)
Level: Basic
Course was last updated on: 11/13/2015

Credit Available / Units
CPE 4.00 CPE
QAS 4.00 CPE


1040 Preparation and Planning 3: Deductions (2016)

The purpose of this series of CCH Learning Center courses is to bring the tax preparer "up-to-speed" in the most efficient way possible for the tax preparation season.

The third course in this series, 1040 Preparation and Planning 3: Deductions (2016) , looks at the deductions that taxpayers are permitted to take to reduce their tax. This course covers adjustments to gross income, the standard deduction, and itemized deductions for medical expenses, taxes, interest, charitable contributions, and miscellaneous itemized deductions.

Upon completion of this course, you should be able to:

  • Identify deductions that can be claimed without itemizing
  • List which items can be deducted as medical expenses
  • Identify which type of interest is deductible
  • Determine which taxes are deductible
  • Figure charitable contribution deductions and comply with substantiation requirements
  • Figure unreimbursed employee business deductions
  • Determine other miscellaneous itemized deductions

Field of Study: Taxes
Prerequisites: 1040 Preparation and Planning 2: Gross Income
Level: Basic
Course was last updated on: 10/16/2015

Credit Available / Units
CPE 4.00 CPE
QAS 4.00 CPE


1040 Preparation and Planning 4: Tax Computations and Credits (2016)

The purpose of this series of CCH Learning Center courses is to bring the tax preparer ‘‘up-to-speed'' in the most efficient way possible.

This fourth course in the series, 1040 Preparation and Planning 4: Tax Computations and Credits (2016) , reviews how the tax liability is computed, then describes different credits and deductions. After examining the computation of tax, the course discusses the distinction between a tax deduction and a tax credit. The most important and most often encountered credits are covered, including the child tax credit, the credit for the elderly and the permanently and totally disabled, the earned income credit, higher education credits and a credit for child care expenses. The course also covers several credits available to individuals who own a business or have certain investments.

Upon completing this course, you should be able to:

  • Determine whether to use the Tax Table or Tax Computation Worksheet to figure the tax
  • Determine whether Schedule D, a separate worksheet, or Schedule J is necessary to figure the tax
  • Figure each type of personal tax credit
  • Distinguish between refundable and nonrefundable credits
  • Identify business tax credits and understand the limitations under the general business credit

Field of Study: Taxes
Prerequisites: 1040 Preparation and Planning Part 3: Deductions (2014 Edition)
Level: Basic
Course was last updated on: 10/22/2015

Credit Available / Units
CPE 4.00 CPE
QAS 4.00 CPE


1040 Preparation and Planning 5: Acquisition and Disposition of Property (2016)

The purpose of this series of CCH Learning Center courses is to bring the tax preparer ‘‘up-to-speed'' in the most efficient way possible for the tax preparation season.

The fifth course in this series, 1040 Preparation and Planning 5: Acquisition and Disposition of Property (2016) , discusses gains and losses. It defines basic terms, such as amount realized, basis, realized gain, and realized loss. It explains the basic requirements for the exclusion of gain on the sale of a principal residence; nonrecognition of gain on involuntary conversions; and computation of the basis of property.The course looks at the distinction between capital and ordinary assets, which is important because capital gains and losses are reported differently from ordinary gains and losses, and the deduction of capital losses is sharply limited.

Upon completion of this course, you should be able to:

  • Distinguish between taxable and tax-free exchanges
  • Report like-kind exchanges on the return
  • Identify other types of tax-free exchanges
  • Determine the basis of and figure gain or loss on the sale of a principal residence
  • Calculate the basis of property acquired by purchase, gift, or inheritance
  • Demonstrate how to treat a loss on the sale of a residence
  • Define the special rules affecting basis
  • Properly defer gain on an involuntary conversion
  • Correctly treat severance damages
  • Recognize and use the special rules for disaster losses
  • Define what a capital asset is
  • Explain how capital gains are taxed and the limits on capital losses
  • Figure Section 1231 gains and losses

Field of Study: Taxes
Prerequisites: 1040 Preparation and Planning 4: Tax Computations and Credits
Level: Basic
Course was last updated on: 11/2/2015

Credit Available / Units
CPE 4.00 CPE
QAS 4.00 CPE


1040 Preparation and Planning 6: Deductions for Business and Other Special Deduction Rules (2016)

The purpose of this series of CCH Learning Center courses is to bring the tax preparer ‘‘up-to-speed'' in the most efficient way possible for the tax preparation season.

This sixth course in the series, 1040 Preparation and Planning 6: Deductions for Business and Other Special Deduction Rules (2016) , covers deductions. It reviews the rules on deducting travel and entertainment, business and job-related, moving, and investment expenses, and examines the methods used in claiming depreciation, such as MACRS and ACRS. Also covered is the deduction for amortization. The course also reviews the rules for recognized losses that can be deducted from a trade or business, such as casualty, theft, and bad debt. It also reviews the deduction for domestic production activities.

Upon completion of this course, you should be able to:

  • Complete Schedule C or C-EZ
  • Apply the deduction for domestic production activities
  • Utilize the vacation home rules
  • Determine eligibility for and report deductions on a range of business expenses
  • Report deductions for travel-away-from-home costs
  • Figure meal and entertainment deductions, including applicable limitations
  • Calculate deductions for business car use
  • Figure the home office deduction
  • Determine deductible expenses in connection with investments and income-producing activities
  • Claim a deduction for work-related education expenses
  • Determine eligibility for deducting expenses
  • Determine how employer-paid expenses are treated
  • Explain property depreciation, first-year expensing, bonus depreciation, and depreciation recapture
  • Apply the rules for amortization, depletion, different types of losses, and bad debts
  • Identify expenses subject to amortization
  • Figure depletion deductions
  • Apply the limits on trade or business losses
  • Figure the amount of casualty and theft losses that can be deducted
  • Determine net operating losses
  • Determine whether a debt is a business or nonbusiness bad debt
  • Determine whether a nonbusiness bad debt is deductible
  • Apply the statute of limitations on bad debts

Field of Study: Taxes
Prerequisites: 1040 Preparation and Planning Part 5: Acquisition and Disposition of Property
Level: Basic
Course was last updated on: 11/30/2015

Credit Available / Units
CPE 5.00 CPE
QAS 5.00 CPE


1040 Preparation and Planning 7: Special Tax Computations (2016)

This series of CCH Learning Center courses brings the tax preparer "up-to-speed" for the tax preparation season.

This seventh course in the series, 1040 Preparation and Planning 7: Special Tax Computations (2016) , looks at special tax computations. It examines the alternative minimum tax (AMT), which is designed to tax certain items (tax preferences) that would normally escape being taxed. Next, the course reviews the self-employment tax, which allows self-employed individuals to participate in the Social Security program. Finally the course covers the kiddie tax, which part of a child's net investment income may be subject to the kiddie tax, and how much of a child's Investment income is taxed at the parents' rate.

Upon completion of this course, you should be able to:

  • Identify adjustments and preferences
  • Compute the alternative minimum tax
  • Specify which credits can be used against the alternative minimum tax.
  • Determine who is subject to self-employment tax
  • Figure net earnings from self-employment and the self-employment tax
  • Identify children who are subject to the kiddie tax
  • Compute the kiddie tax
  • Determine when parents should elect to report a child's income on their return
  • Determine whether an exemption applies for the individual health care mandate
  • Figure the penalty for failing to carry minimum essential health coverage
  • Compute the additional Medicare tax on earned income
  • Specify the types of investment income subject to the net investment income (NII) tax
  • Compute the NII tax

Field of Study: Taxes
Prerequisites: 1040 Preparation and Planning Part 6: Deductions for Business and Other Special Deduction Rules
Level: Intermediate

Credit Available / Units
CPE 3.00 CPE
QAS 3.00 CPE


1040 Preparation and Planning 8: Special Problems (2016)

The purpose of this series of CCH Learning Center courses is to bring the tax preparer "up-to-speed" in the most efficient way possible for the tax preparation season

This eighth course in the series, 1040 Preparation and Planning 8: Special Problems (2016), covers special situations encountered in Form 1040 preparation. It reviews the annual accounting period for which income is determined as well as several methods of accounting. Also covered is the installment method of reporting income. The course looks at deductible IRAs, nondeductible IRAs, and Roth IRAs as well as SEPs, SIMPLE plans, and other qualified self-employment plans.Covered next are methods of collecting taxes, including withholding from wages and estimated tax payments. The last topic is the domestic service employment tax, known as the nanny tax.

Upon completion of this course, you should be able to:

  • Select a taxable year and a permissible accounting method
  • Apply installment method reporting
  • Figure contributions to IRAs, Roth IRAs, SEPs, SIMPLEs and other retirement plans, as well as required minimum distributions
  • Outline the rules for converting to Roth IRAs
  • Complete the schedule for estimated tax payments
  • Figure estimated tax installments and when to make payments
  • List special rules to avoid penalties
  • Describe the components of employment taxes for household employees, in order to figure FICA and FUTA taxes

Field of Study: Taxes
Prerequisites: 1040 Preparation and Planning 7: Special Tax Computations
Level: Intermediate

Credit Available / Units
CPE 4.00 CPE
QAS 4.00 CPE


1040 Preparation and Planning 9: Tax Practice (2016)

The purpose of this series of CCH Learning Center courses is to bring the tax preparer "up-to-speed" in the most efficient way possible for the tax preparation season.

This ninth and last course in the series, 1040 Preparation and Planning 9: Tax Practice (2016) , covers filing rules for topics such as filing deadlines, extensions, amended returns, payment, and different methods of filing. It also provides details on negotiating an offer in compromise, how the IRS selects returns for audits, and precautions that can be taken to minimize the chances of having your return examined. The course then reviews the appeals process, going to court if you cannot resolve the dispute, and recovering costs from the government if you are vindicated.

Upon completion of this course, you should be able to:

  • Determine when and where to file the returns
  • List options for paying taxes
  • Obtain filing extensions
  • Identify electronic filing requirements
  • Identify the time limits for filing amended returns
  • Identify the limits on refunds
  • List the rules for offers in compromise
  • Prepare for audits and identify steps to avoid them
  • Evaluate when and how to take a case to court
  • Determine when to recover attorney's fees from the government
  • Identify the rules of conduct and penalties for misconduct for return preparers

Field of Study: Taxes
Prerequisites: 1040 Preparation and Planning 8: Special Problems
Level: Intermediate
CTEC course number: 10014269-0004

Credit Available / Units
CPE 2.00 CPE
QAS 2.00 CPE


Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of these courses.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of each course to meet those specifications.