Chapter 1: Overview of Form 1040
Students become familiar with the primary individual income tax return, its structure, its sections, and how the different parts of the return work together.
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For a one-time setup fee of $39.99, we’ll create a custom landing page for your business where you can promote and sell tax education courses to your clients, students, and community.
Through our partnership with Latino Tax Pro, you can offer professional self-study tax courses powered by their Prendo 365 learning platform.
After a student enrolls, they will receive their course login information directly from Prendo 365. Students can then access the training online and work through the material at their own pace.
You focus on promoting your program and supporting your students. The course content and online learning platform are provided through Latino Tax Pro and Prendo 365.
The California 60-hour course is available at the same course cost.
The Federal Individual Income Tax Course gives students a complete introduction to preparing individual tax returns and working with Form 1040.
Students become familiar with the primary individual income tax return, its structure, its sections, and how the different parts of the return work together.
Students learn how to determine the correct filing status, identify qualifying dependents, and understand standard and itemized deductions.
This chapter covers common forms of taxable income, including wages, tips, interest, dividends, and where each type of income is reported.
Students review adjustments and above-the-line deductions, including student loan interest and qualifying IRA contributions.
This chapter explains additional taxes and penalties that taxpayers may face, including issues related to underpayment and late filing.
Students learn about tax withholding, estimated payments, and common tax credits such as the Child Tax Credit and Earned Income Credit.
This chapter covers Schedule A deductions, including mortgage interest, medical expenses, charitable contributions, and other qualifying expenses.
Students learn how to report gains and losses from the sale of stocks, real estate, and other assets.
This chapter introduces the deduction of business asset costs over time, including Section 179 and bonus depreciation.
Students learn how sole proprietors and self-employed individuals report business income and expenses.
This chapter covers supplemental income from rental properties, partnerships, S corporations, estates, and trusts.
Students learn about filing extensions, correcting returns with Form 1040-X, and electronically filing tax returns.
Students review the professional standards, responsibilities, and ethical requirements tax preparers are expected to follow.
Students complete a final exam covering the material presented throughout the course.
You may sell the course for any amount above $250 based on the additional value your business provides.
For example, you may include:
You decide how to package the course and how much to charge your students.
This is not just a generic link to someone else’s course.
We create a landing page around your business and your offer. You can combine the self-study course with your own mentorship, coaching, support, or business-launch services and present everything as one complete program.
We’ll build your custom course page, add your branding and offer, and get everything ready for you to begin promoting your program.
One-time setup: $39.99