Mastering IRS Form 1040 Basics
Demystify IRS Form 1040 with this course to confidently prepare your own tax return, ensuring accuracy and maximizing your deductions.
In this course, you will be guided on how to accomplish Form 1065 for partnerships in the US, covering the following topics:
Introduction to IRS Form 1040
Overview of IRS Form 1040 Structure
Key Schedules and Attachments to Form 1040
Step-by-Step Form 1040 Completion
Welcome
The Role of Form 1040 in the U.S. Tax System
Determining Who Must File Form 1040
Filing Deadlines and Extensions
Methods of Filing: Electronic vs. Paper
Essential IRS Forms and Publications
Knowledge Check
Overview of IRS Form 1040 Structure
Page 1: Personal Information and Filing Status
Page 2: Income, Adjustments, Tax, and Refund or Payment
Knowledge Check
Introduction
Schedule 1: Additional Income and Adjustments to Income
Schedule 2: Additional Taxes
Schedule 3: Additional Credits and Payments
Schedule A: Itemized Deductions
Schedule B: Interest and Ordinary Dividends
Schedule C: Profit or Loss from Business
Schedule SE: Self-Employment Tax
Knowledge Check
Introduction
Filing Status and Personal Information
Income Reporting
Adjustments to Income
Deductions
Tax and Credits
Other Taxes
Payments and Refunds
Signature and Filing
Knowledge Check
Feedback
Before You Go
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