1040 Tax Pro Exam Prep Series - 2012
For Tax Professionals Preparing for Examinations
The 1040 IRS Prep Series is an intensive program for tax professionals who want an in-depth study of individual tax law.
This program is designed to prepare you for the IRS national tax preparer competency exams. The series is a favorite for preparers studying for Oregon's rigorous LTC exam. It is also recommended for anyone who is preparing for the individual portion of the IRS Special Enrollment Examination.
Recommended completion time for this series of courses is 4-8 weeks. The structure of this course allows students to work at their own pace. Students will participate in a series of lectures provided by Pacific Northwest Tax School instructor April Gutierrez.
Classwork is provided for students to apply concepts covered in each course to sample tax forms. Each course will finish with a quiz to test student's knowledge of the topics covered. Course materials provided to students with every course include:
- A detailed Student Manual
- Classwork answer keys
- Quizzes and quiz answer keys
- Homework answer keys upon successful completion of each course
The 1040 IRS Prep Series includes 90 hours of CPE. Students have one year to complete all course assignments and receive continuing education for completed courses. CPE is awarded at the time each course is completed which means CPE can be spread over 2 renewal periods.
- Installment Sales (Section 3.1 - On-Demand Webcast)
- Depreciation Made Easy (Section 3.1 - On-Demand Webcast)
- Federal Tax Credits for Business (Section 3.1 - On-Demand Webcast)
- Like Kind Exchanges (Section 3.1 - On-Demand Webcast)
- Understanding the AMT (Section 3.1 - On-Demand Webcast)
- Filing Requirements, Filing Status & Dependents (Section 3.1 - On-Demand Webcast)
- Sale of Home (Section 3.1 - On-Demand Webcast)
- Investment, Wage, Tip and Other Income (Section 3.1 - On-Demand Webcast)
- Pension and Social Security Income (Section 3.1 - On-Demand Webcast)
- Adjustments to Income (Section 3.1 - On-Demand Webcast)
- Federal Tax Credits for Individuals (Section 3.1 - On-Demand Webcast)
- Federal Tax Credits for Families with Children (Section 3.1 - On-Demand Webcast)
- Itemized Deductions - Medical, Tax, Interest, and Charitable Contributions (Section 3.1 - On-Demand Webcast)
- Itemized Deductions - Casualty Losses, Employee Business Expenses, and Other Miscellaneous Deductions (Section 3.1 - On-Demand Webcast)
- Amended Returns, Kiddie Tax, Penalties (Section 3.1 - On-Demand Webcast)
- Basis of Assets (Section 3.1 - On-Demand Webcast)
- Sale of Assets - Covers Schedule D, Forms 8949 & 4797 (Section 3.1 - On-Demand Webcast)
- Rental Income and Passive Activity Loss Limitations (Section 3.1 - On-Demand Webcast)
- Self Employment Income and Expenses (Section 3.1 - On-Demand Webcast)
Included Course Details
Students will be provided with an in-depth study of individual tax law. The program is intended for individuals who have an understanding of basic tax law and are preparing for the Enrolled Agent exam, the upcoming IRS licensing exam, or the Oregon LTC exams. By the conclusion of this program, students will be educated in the following areas of individual tax law:
- Filing requirements of individuals
- Filing status and dependency rules
- Reporting and calculating taxability of retirement income
- Identifying and reporting earned income
- Investment income and expenses
- Federal deductions and tax credits
- Business income and expense reporting for sole proprietors
- Calculating and reporting capital gains
- Passive activity income and expense rules
- Alternative minimum tax
- IRS Ethics Rules
Meet Your Instructor
April Gutierrez, Enrolled Agent:
Known for her entertaining speaking style and ability to make a complex subject easy to understand, April is frequently invited to speak to business groups and news media on tax-related topics. She has a B.A. in Communication Studies from Murdoch University in Perth, Australia. She obtained her Oregon LTC in 1995.
April resides in Portland, Oregon, with her husband Jess and her two young boys. Her pastimes include gardening, travel, and playtime with her Arabian horse Fancy.
Any Time, Anywhere
openCampus, our online Learning Management System (LMS), offers you the flexibility to study at your own pace while still enjoying many of the benefits of a live classroom.
- Watch lecture video recordings of live instructor-led classes.
- Break to complete classwork and quiz assignments as instructed.
- If you have a question or need help understanding your assignments, use our Q&A forum to post questions and receive answers from your instructor.
- Complete assignments and tests then submit your answers online.
Advance Preparation Required
Our site requires an up-to-date Adobe Flash® Player and use of a high-speed Internet connection. To ensure your learning experience is worthwhile and productive we ask all students to take the time to become familiar with our site before attending class.
Recommended Minimum Requirements
The following requirements are recommended for using this site. Few students have reported success while operating outside of these requirements, therefore these are provided as a guideline for troubleshooting if you are having difficulties viewing or operating in this site.
If you encounter log in or video viewing difficulties, we strongly recommend you install Google Chrome.
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Disclosures and School Policies
Terms of Enrollment
Pacific Northwest Tax School's course materials and teaching techniques are valuable proprietary information of Pacific Northwest Tax School, and all such information is subject to copyright, including written, recorded, internet based as well as all other electronic media. Each Student agrees that she/he will use the information only for purposes of education and training; and as a condition of enrollment, that they will not to disseminate the information to any third party and will treat the materials as confidential information of Pacific Northwest Tax School. As a condition of enrollment, Students pledge not use any information in any competitive fashion, including to create or derive competitive materials. Students further agree that any breach of these terms and conditions shall cause the school irreparable harm, entitling Pacific Northwest Tax School to injunctive relief, as well as any other remedy that may be available at law or equity. Students shall have six months from date of enrollment in any course, to complete the course and receive their Certificate of Completion.
Basic Tax Law
Students taking any Basic Tax Law course, agree to comply with all Terms of Enrollment outlined the enrollment agreement form for that course, a link to which can be found on the catalog page for each Basic Tax course.
Prerequisites & Advance Preparation
Students intending to write the Oregon State Tax Exam, must be at least 18 years of age, and have High School Diploma or GED. Students using our self-paced internet based program should prepare for classes by downloading and printing course materials. For more information including detailed course descriptions and learning objectives, view the lesson plans of each course, located on Pacific Northwest Tax School's website at:
Continuing professional education courses including interactive, non-interactive and correspondence program fees are non-refundable and non-transferable. Webinars/Webcasts are non-transferable and in most cases non-refundable. A student may choose to be switched to another Webinar/Webcast of equal or lesser value if a conflict with the scheduled time exists. In the case of a missed Webinar/Webcast a request to transfer to a new Webinar/Webcast must be made with 48 hours of when the Webinar/Webcast aired. Refunds will be issued ONLY prior to the start of the Webinar/Webcast. A $15.00 processing fee will be withheld from all refund amounts. For more information regarding administration policies including complaints and refunds, please contact our offices at 503-646-5600.
Pacific Northwest Tax School gives the highest priority to delivering quality education programs.If you have concerns about our programs please contact the Pacific Northwest Tax School Education Coordinator at: firstname.lastname@example.org
Manuals distributed and programs sponsored by Pacific Northwest Tax School are designed to teach application of tax laws. Pacific Northwest Tax School works to provide accurate and timely material to students, however the school does not have any responsibility if human and/or mechanical error exists.Accordingly, no assurance is given by Pacific Northwest Tax School that such information is totally comprehensive or accurate in its coverage of such subject matter. Information published or sponsored by Pacific Northwest Tax School should not be relied upon as a substitute for independent research to original sources of authority such as the Internal Revenue Code, IRS Publications and Internal Revenue Rulings. Pacific Northwest Tax School, its authors, and instructors do not render legal, accounting, or other non-educational professional advice. If legal advice or other expert assistance is required, the services of a competent professional should be sought. Credit hours are subject to change without notice.