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Individual Income Tax Form 1040 Comprehensive Problem
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7h 50m

This course is designed for those interested to learn the best practices in filling out Form 1040 for income tax and understand complex tax return scenarios.

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Course Skill Level
Time Estimate
7h 50m


Robert (Bob) Steele CPA, CGMA, M.S. Tax, CPI

About This Course

Who this course is for:

  • Tax payers
  • Tax preparers
  • Accounting professionals

What you’ll learn: 

  • Best practices for tax data input
  • Understanding complex tax return scenarios


  • No prior knowledge is required to take this course

This is a project based income tax course. 

We will construct a complex tax return in a step by step format, beginning with a basic return and building complexity as we move forward. 

The course will demonstrate the data input within income tax forms as well as the use of an Excel worksheet to check the numbers and demonstrate the use of tax software. 

Using a tax software and an Excel worksheet, formatted as the income tax equation, are common, and best practices for many tax professionals, practices that greatly increase understanding and accuracy. 

The practice problem starts by using basic tax data input forms such as W-2 forms and Form 1099s. We will then add a Schedule A Itemized Deductions. The problem will eventually include a Schedule C Sole Proprietorship and Schedule E Rental Income or Loss.

We will be using Lacerte tax software. You are not required to have Lacerte tax software to follow along. If you do not have tax software you can still follow along using tax forms from the IRS website and use the Excel worksheet. Other tax software can also be used in a similar way. 

In some cases, Lacerte may offer a free 30-day trial period of the tax software. 

Our Promise to You

By the end of this course, you will have learned the best practices of tax data input.

10 Day Money Back Guarantee. If you are unsatisfied for any reason, simply contact us and we’ll give you a full refund. No questions asked.

Get started today and learn more about Form 1040 and tax preparation.

Course Curriculum

Section 1 - Income
Introduction: Organizing Documents 00:00:00
Form W-2 00:00:00
Form W-2 Tax Formula – Excel 00:00:00
Form 1099-DIV And Form 1099-INT 00:00:00
Form 1099-DIV And Form 1099-INT Tax Formula – Excel 00:00:00
Form 1099-B Proceeds From Broker And Exchange Transactions 00:00:00
Form 1099-B Proceeds From Broker And Exchange Transactions – Excel 00:00:00
State Refund, Unemployment, And Winnings 00:00:00
State Refund, Unemployment, And Winnings Formula – Excel 00:00:00
Section 2 - Adjustments To Income
Student Loan Interest 00:00:00
Student Loan Interest – Excel 00:00:00
Charitable Contributions 00:00:00
Charitable Contributions – Excel 00:00:00
IRA Deduction 00:00:00
IRA Deduction Tax Formula – Excel 00:00:00
Alimony Paid 00:00:00
Alimony Paid Tax Formula – Excel 00:00:00
Educator Expenses 00:00:00
Educator Expenses Tax Formula – Excel 00:00:00
Section 3 - Itemized Deductions
Medical And Dental Expenses 00:00:00
Medical And Dental Expenses – Excel 00:00:00
Taxes You Pay 00:00:00
Taxes You Pay – Excel 00:00:00
Interest You Pay 00:00:00
Interest You Pay – Excel 00:00:00
Gifts To Charity 00:00:00
Gifts To Charity – Excel 00:00:00
Gambling Losses 00:00:00
Gambling Losses – Excel 00:00:00
Section 4 - Schedule C
Setup Business Worksheet 00:00:00
Mark Accounts That May Need Adjustments 00:00:00
Enter Into Tax Return And Record Open Items 00:00:00
Format Worksheet For Tax Adjustments 00:00:00
Auto Expense 00:00:00
Business Use Of Home Office 00:00:00
Retirement Plan And Health Insurance 00:00:00
Business Income 00:00:00
Estimated Tax Payments 00:00:00
Section 5 - Tax Credits
Child Tax Credit And Other Dependents Tax Credit 00:00:00
Child Tax Credit And Other Dependents Tax Credit – Excel 00:00:00
Education Credit 00:00:00
Education Credit – Excel 00:00:00
Child And Dependent Care Credit 00:00:00
Child And Dependent Care Credit – Excel 00:00:00
Residential Energy Credit 00:00:00
Residential Energy Credit – Excel 00:00:00
Section 6 - Schedule E Rental Income
Setup Worksheet 00:00:00
Depreciation 00:00:00
Data Input 00:00:00
Data Input Tax Formula – Excel 00:00:00
Diagnostic State And Local Tax (SALT) Deduction Limitation 00:00:00

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