1040 Boot Camp
IRS Number: **NOT APPROVED FOR IRS**
Product Description
Several years ago, Taxspeaker’s President Bob Jennings began recognizing the lack of younger faces in live crowds around the country. He attributed it to one major problem: the failure of today’s university accounting programs to properly educate students that 50% of the US economy is driven by small business while training students exclusively for “Big 4” employment as, essentially, taxpayer-funded Big 4 training programs.
Our solution was to develop a “1040 Boot Camp” to train non-traditional employees in how to prepare individual income tax returns as taught by actual small-firm owning, professional speaker tax professionals. The first two national courses sold out within days in 2019, followed by two more large crowds in our second round of training in January, 2020. Each speaker is a firm owner with at least 20 years experience who personally still prepare over 200 tax returns annually.
Designed for the staff person with 0-3 years of experience it provides hands-on training for non-traditional employees in preparing Forms 1040, A,B,C,D, E and depreciation. Each day ends with a student’s manually-prepared 1040, which is then explained individually (but not graded or picked up) by the professional instructors. Attendees in 2019 commented that they were afraid of the case study but found it exhilaratingly useful.
***Not applicable for CPE credit***
Course Objectives
Upon completion of this course you will be able to:
1. Determine what qualifies for medical deductions
2. Define medical expense
3. Identify the qualities of US Savings bonds
4. Determine what factors affect qualified education expenses
5. Determine what can be deducted by Day Care facilities
6. Determine what meals and entertainment expenses can be deducted
7. Determine when Section 1041 applies
8. Identify when transfers between soon to be ex-spouses are tax free
9. Determine what can be depreciated
10. Define Bonus depreciation
11. Identify the origins of MACRS
12. Determine the MACRS lives of various items
13. Determine how an IRA may be invested
14. Identify the differences between different retirement accounts
15. Determine what is involved in making withdrawals from Roth IRAs
16. Determine where to report rollovers
Presenter: TaxSpeaker
Zoom: Important Information- upon registration with VSTAP you will receive a confirmation email which includes a registration link to the Zoom webinar. You must also register in Zoom so that you will receive the unique Zoom link. VSTAP is unable to do this for you because of how Zoom works and for tracking purposes. The link to the materials is also provided in your confirmation email.
Registration Deadline: January 10, 2027
Schedule
January 11 from 10:00 AM - 6:00 PM
January 12 from 10:00 AM - 6:00 PM
- All 8-hour webcasts will break for lunch and have two 10-15 minute breaks.
Attendee Requirements: You must have a high speed internet connection, speakers connected to your computer, headphones or call in for audio and a monitor. You can log in 10 minutes early. Please note-you will not see or hear the speaker until the prompt start time. All streaming webinars times listed are Eastern Time Zone. Please adjust to your time zone.
Additional Information
Credit Hours: 16 CPE credits only no CE credits
Field of Study: Taxes
Program Level: Basic
Designed for: Accountants, Tax Professionals, CPAs, EAs, Finance Professionals, Attorneys
Prerequisites: None
Advanced Preparation: None
Instructional Method: Group Internet Based
Approved by: NASBA
Disclaimer
Fees and Schedule - This TaxSpeaker Internet-Live webcast will begin and end promptly at stated time. All 8-hour webcasts will break for lunch, and have 2, 10-15 minute breaks. Attendees must answer 75% of all polling questions given during the day to obtain the full hours of CPE Credits.
Click here for VSTAP cancellation and refund policies.
