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