Tax Fundamentals

Description

SESSION 1:  Tax Forms Boot Camp: S Corporations

This 4-hour session offers a practical, hands-on approach to preparing S corporation tax returns, focusing on both the technical aspects and the underlying laws and regulations. Participants will explore the foundational concepts of Form 1120S, building a sturdy base for understanding more advanced topics that tax preparers may encounter. The course integrates theoretical knowledge with real-world examples, illustrating key concepts through detailed, up-to-date case studies. 

Learning Objectives: 
1. Gain an understanding of the tax rules, eligibility requirements, and compliance obligations related to S corporations.
2. Confidently prepare Form 1120S and learn to properly report pass-through income, deductions, and special items on Schedule K-1.
3. Understand the tax implications for individuals and businesses operating as an S corporation.

SESSION 2: Tax Forms Boot Camp: Partnerships

This 4-hour session offers a hands-on approach to understanding and preparing partnership tax returns (and multi-member LLCs filing as partnerships) focusing on the underlying laws, regulations, and compliance requirements. It covers the foundational concepts of Form 1065, then uses them as a framework to explore more advanced and complex tax scenarios. Through detailed examples and practical exercises, participants will gain insights into applying theoretical concepts.

Learning Objectives:
1. Understand the framework and reporting requirements of Form 1065 and identify common partnership tax issues.
2. Confidently prepare and reconcile partnership tax returns and properly complete and review partner K-1s.
3. Apply tax laws to specific partnership scenarios.

 

Continuing Education

Pricing

Early rates until Thursday, July 10th.
Please note:  Student pricing is for students enrolled in 2025 EA Exam Prep or Basic Tax course.

Webinar Details

After registering, everything you need for attending this webinar will be found in Your Learning Center.

Cancellation/Refund Policies

Due to the proprietary nature of the materials provided in the Tax Fundamentals Bootcamps, refunds will not be granted once the manuals are available for download, typically 7 days before the first class. Before then, full refund if request is received in writing and sent to info@csea.org.

Description

SESSION 1: Tax Forms Boot Camp: Introduction to Trust Tax Forms (SPANISH), November 17, 2025

This 4-hour course provides a foundational understanding of fiduciary income tax returns and the preparation of Form 1041. The session introduces key terminology, filing requirements, and fiduciary accounting concepts used in trust and estate taxation. Participants will learn how to identify different types of trusts, understand how income is allocated between the entity and beneficiaries, and navigate the basic structure of Form 1041. Week 1 focuses on Introduction to Fiduciary Returns, Types of Trusts, and The Income Taxation of Estates and Trusts, reinforced through real-world examples and guided walkthroughs.

Learning Objectives:
1. Understand fiduciary accounting principles and the purpose of Form 1041.
2. Differentiate between simple and complex trusts.
3. Explain the income taxation of estates and trusts.

SESSION 2: Tax Forms Boot Camp: Preparation of Trust Tax Forms (SPANISH), November 24, 2025

This 4-hour course builds upon the foundational knowledge from Session 1 and guides participants through the step-by-step preparation of Form 1041 and Schedule K-1. The session explores more advanced fiduciary tax concepts, including Distributable Net Income (DNI), Tax Accounting Income, and allocation between the trust and its beneficiaries. Participants will complete two detailed case studies - one for a trust and one for an estate—using worksheets and completed example forms.

Learning Objectives:
1. Calculate Distributable Net Income, Tax Accounting Income, and Adjusted Total Income.
2. Apply tax rules for the allocation of income and deductions to beneficiaries.
3. Prepare Form 1041 and Schedule K-1 using case study examples.

Continuing Education

Pricing

Member, Non-Member, EA Exam/Basic Tax Students Regular: $279

Please note: Student pricing is for students enrolled in 2025 EA Exam Prep or Basic Tax course.

Webinar Details

After registering, everything you need for attending this webinar will be found in Your Learning Center.

Cancellation/Refund Policies

Due to the proprietary nature of the materials provided in the Tax Fundamentals Bootcamps, refunds will not be granted once the manuals are available for download, typically 7 days before the first class. Before then, full refund if request is received in writing and sent to info@csea.org.

Description

This course will teach you how to prepare a moderately complex federal individual income tax return (Form 1040).

Major Topics:

• New and expanded energy credits under the Inflation Reduction Act (IRA)
• Preparation of various Form 1040 individual tax returns and schedules; provided answers include "filled-in" forms
• Coverage of Form 7203
• Coverage of §199A qualified business income, its calculation, limitations, and examples
• Dividends and interest – Ordinary, return of capital, and capital gain distribution dividends; tax-exempt interest, original issue discount, etc.
• Security transactions – From Form 1099-B to Form 8949 to Schedule D, plus mutual fund sales and related basis issues
• Self-employed person issues
• Schedule C deductions including depreciation
• Sale and exchange of property – Understanding Form 4797 and depreciation recapture; capital gains
• A working understanding of passive losses – How to handle rental property and how the passive loss rules flow to the tax forms
• Itemized deductions – A thorough understanding of what's deductible and what's not
• Interest deductions – Limitations and timing problems
• Charitable contributions substituting for taxes, IRS says – No!
• Retirement contributions and education credits and deductions
• Tax computations – The Kiddie Tax, AMT, regular tax, tax credits
• Individual problems illustrated by form preparation for various items, with numerous "practice tips"
• Impact of recent legislation and forms changes on the 1040

Continuing Education

Pricing

Registration opening soon.
Please note: Student pricing is for students enrolled in CSEA's 2024 or 2025 EA Exam Prep or Basic Tax course.

Webinar Details

After registering, everything you need for attending this webinar will be found in Your Learning Center.

Cancellation/Refund Policies

Due to the proprietary nature of the materials provided in the Tax Fundamentals Bootcamps, refunds will not be granted once the manuals are available for download, typically 7 days before the first class. Before then, full refund if request is received in writing and sent to info@csea.org.