- NY Credits : 7.0
- TX Credits : 7.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 7.0
- IRS Non-Credentialed Return Preparer Credits : Federal Tax - 7.0
Learn how to prepare the earned income section of IRS Form 1040. Learn all about the rules for wages, salaries, tips, and self-employment income. This course gives examples and presents a hands-on approach to completion of that portion of the individual income tax return. This course also explores the identification and reporting of unearned income, such as interest, dividends, royalties, rental, and other investment income. This basic level course is most beneficial to professionals new to the individual earned income area of Form 1040. It may also benefit an advanced professional with limited exposure to this topic.
Included with subscription(s):
Upon successful completion of this course, the user should be able to:
identify earned income,
recognize unearned income and give examples, and
complete the income section of Form 1040.