Circular 230 | One on One Tax Academy

Autoplay
Autocomplete

Previous Lesson Complete and Continue

TAX PREPARATION BASICS

Introduction To Tax Preparation

Course Overview
What Is Tax Preparation
Importance of Tax Preparation
Overview of Tax Filing Process

Due Diligence and Compliance

Circular 230
Penalties

Filing Status and Tax Return

Why Filing Status Matters
The Five Filing Statuses
Determining Who Must File a Tax Return
Quiz

Mastering IRS Form 1040

Understanding IRS Form 1040
Line by line
Personal Information & Filing Status
Income, Deductions, and Tax
Attaching Schedules
QUIZ

Income and Deductions

Types of Income (e.g., Wages, Interest, Dividends)
Common Deductions and Credits
Taxable vs. Nontaxable Income
Quiz

FORMS TO FAMILIARIZE YOURSELF WITH

Overview of Tax Forms (e.g., 1040, W-2, 1099)

How Tax is Calculated

THE 1040 FLOW DETAILED
CHEAT SHEET
LET'S TEST YOUR KNOWLEDGE

REFUND vs BALANCE DUE

Explaining Results to Clients

DUE DILIGENCE & RED FLAGS

Protecting Yourself and Your Clients
Fines and Penalties
Quiz

2026 Updates

Understanding the Impact of 2026 Updates
Incorporating Changes into Tax Preparation Process

Conclusion

Additional Resources and Support

EXAM

Test

Teach online with

Circular 230

Lesson content locked

If you're already enrolled, you'll need to login.

Enroll in Course to Unlock