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Study Guide-Brief 1040 Overview-Part One

The study guide is provided to guide you through the course material in a step by step format.

Course material "Brief 1040 Overview-Part One" is a PDF document.

Chapter 1 – Overview of who must file

Assignment: Chapter 1 <<>> Review Questions  Group #1: # 1-3

When you have completed this chapter, you should be able to:

  • Identify the rules applicable to who must file and
  • Determine which form is applicable to the situation 

Chapter 2 – How to determine filing status

Assignment: Chapter 2 <<>> Review Questions Group #2: #1-4

When you have completed this chapter, you should be able to:

  • Understand determination of marital status
  • Identify joint return liability and qualifying tests for Innocent Spouse Relief
  • Determine whether filing separately or jointly is appropriate
  • Be knowledgeable about community property rules
  • Understand filing requirements for children

Chapter 3 – Compensation

Assignment: Chapter 3 <<>> Review Questions Group #3: #1-2

When you have completed this chapter, you should be able to:

  • Identify the various types of compensation
  • Determine how to report stock options

Chapter 4 - Fringe benefits

Assignment: Chapter 4 <<>> Review Questions Group #4: #1-3

When you have completed this chapter, you should be able to understand the tax treatment of finge benefits such as:

  • Health and accident plans
  • Group life insurance
  • Education plans
  • Transportation benefits
  • Child care or dependent care
  • Adoption benefits
  • De minimis fringe benefits
  • Working condition fringe benefits
  • Employee achievement awards
  • Meals and lodging

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