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Mastering 1040

What They Say


"ATP Business Solutions Inc trains my staff every year ,"

by: JNJ Tax Service LLC




Mastering 1040 Tax Return ( Beginners)

Mastering 1040 focuses on teaching new to tax industry individuals wanting to learn tax preparation for individuals .

This class also includes the new IRS Annual Tax Reftresher Course , tax law updates and Ethics

This is a one week course that also has practical tax preparation.

This is the class for beginners.

After class completion and required test , students receive IRS certifcate of completion via PTIN account.

Course Outline

- Course startes with filing determination and exemptions.

- Determing taxable income ; wages and salaries, dividends and interest .

- Preparing Form 1040
- Basic income tax preparation -Form 1040
- Standard deduction versus Itemized deduction ;medical and dental expenses, charitable contributions,Interest deductions
- Non refundable and refundable credits
- Miscellaneous itemized deductions.
- Tax Issues and filing including estimated tax
- Recent legislation and forms changes for the tax year

- Ethics

AFSP Record of Completion

What are the benefits of getting an AFSP – Record of Completion?

In addition to being included in the new public directory of tax return preparers, the AFSP – Record of Completion differentiates you in the marketplace. The IRS launched a public education campaign encouraging taxpayers to select return preparers carefully and seek those with professional credentials or other select qualifications.

Also, as of 2016, there are changes to the representation rights of return preparers.

Attorneys, CPAs, and enrolled agents will continue to be the only tax professionals with unlimited representation rights, meaning they can represent their clients on any matters including audits, payment/collection issues, and appeals.

AFSP participants will have limited representation rights, meaning they can represent clients whose returns they prepared and signed, but only before revenue agents, customer service representatives, and similar IRS employees, including the Taxpayer Advocate Service.

PTIN holders without an AFSP – Record of Completion or other professional credential will only be permitted to prepare tax returns. They will not be allowed to represent clients before the IRS

Continuing Education Requirements
How do I obtain an AFSP – Record of Completion for Filing Season ?
•Take 18 hours of continuing education from IRS-Approved CE Providers, including: a six (6) hour Annual Federal Tax Refresher (AFTR) course that covers filing season issues and tax law updates, as well as a knowledge-based comprehension test administered at the end of the course by the CE Provider;
You will need 18 hours of continuing education to participate ), including:
•a six (6) hour Annual Federal Tax Refresher (AFTR) course with a knowledge-based comprehension test administered at the end,
•10 hours of other federal tax law topics and
•two (2) hours of ethics.

•Have a preparer tax identification number (PTIN).
•Consent to adhere to specific practice obligations outlined in Subpart B and section 10.51 of Treasury Department Circular No. 230.


Mastering 1040 Advanced
This class involves comprehensive study leading to mastering 1040 tax return preparation at advanced level

For individuals in the tax profession needing advanced knowledge including the full scope of returns. Includes capital gains and losses and more complex pension issues , disposal of assets, alternative minimum tax (AMT) and Charitable Contributions .,


Sample Class 2013



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