Fundamentals of the 1040: Individual Tax Issues

This course focuses on the fundamentals of individual tax preparation. Participants will learn the essentials of Form 1040, including filing requirements, income reporting, and deductions. With a theoretical and practical study of Form 1040, and certain accompanying schedules, this course provides critical discussion of tax preparation. Additionally, preparer due diligence requirements, responsibilities and obligations will be covered. At the end, attendees will have a solid understanding of the foundation of personal tax returns. guiding participants into the complexities of legislative updates impacting filers will be covered. This course is designed for practitioners in their first through fifth years of practice.

• Identify preparer responsibilities including due diligence and ethical obligations
• Determine the correct filing status and eligibility of dependents based on tax law
• Recognize and classify taxable income sources, including wages and investment income
• Differentiate between standard and itemized deductions and apply the correct deduction to a taxpayer’s return
• Calculate refundable and nonrefundable tax credits, including the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC)
• Understand key legislative updates affecting individual tax returns

Mary Jane Hourani, MM, EA, NTPI Fellow, Tax Accountant

Mary Jane has a Master of Management from Walsh College of Accountancy and Business Administration as well as Bachelor of Science from Eastern Michigan University in Public Administration with a focus on Organizational Development and Governmental Accounting. Mary Jane has been practicing since 1993 working at a couple larger Tax, Accounting & Audit Firms in the area before transitioning to her own practice in 2005.

She is an Instructor of Tax for Michigan State University Tax School and Guest Instructor at Clemson University Tax School. Mary Jane is a contributing editor and content author of the National Tax Workbook for the Land Grand University Tax Education Foundation. She has written and compiled course packs used by Michigan State University Tax School, as well as Clemson University Tax School. Mary Jane is also an author/speaker for several state and national tax/accounting societies as well as, Werner-Rocco Seminars Ltd, CPA Crossings and Prime CPE. She is a previous speaker for the Michigan Chapter of the National Association of Tax Professionals, the Michigan Society of Enrolled Agents, several local financial events as well as a former H&R Block Instructor/Trainer.

Mary Jane is a member of the National Association of Enrolled Agents, Michigan Association of Certified Public Accountants, American Institute of Professional Bookkeepers, National Association of Tax Professionals, and is a Quick Books ProAdvisor

• For CPA, Enrolled Agents and Other Tax Professionals: 6 hours of CPE
• For Attorneys: 5 hours of CLE

*CPA, EA and other Tax Professionals are based on a 50-minute credit hour while attorneys are based on a 60-minute credit hour. The total time of instruction is 300 minutes. Extra time is allotted for online sign-in and a 10-minute break in the morning. (*) Extra time is allotted for Q&A at the end of the Workshop for those that wish to stay on. Online sign-in begins at 8:30 am.

SC Board of Accountancy (self-report): 6 hours total
NASBA Registry Sponsor ID number: 147318
Attorneys: 5 CLE credit hours total
IRS CE Hours: 6 hours

Participants will receive via e-mail at the start of the event both the PowerPoint presentation slide set as well as the content document prepared by the instructor.

Completed credit hours will be reported to the IRS within two weeks of the course completion for all participants providing their PTIN number during registration. Please be sure to include your name as it is listed with the IRS and that your PTIN number is valid for the current year.

Completed credit hours will be reported to the Commission on CLE and Specialization of The Supreme Court of South Carolina within one week of the course completion for all participants providing their bar number during registration.

The Zoom link and instructions to access the webinar will be provided with the confirmation email after completing the registration and providing payment through the Eventbrite registration process. Please make sure to check your Inbox folder. If you do not receive this email within 24 hours after completing your purchase, please check your Spam folder and/or email us at tax@clemson.edu.

A reminder email with the Zoom link and instructions are sent again 48 hours before the course begins. Finally, if you are not familiar with Zoom, please be sure to test your system before the event as in very rare cases the firewall settings in your computer or within your network may prevent you from logging into the platform. You can go to: https://zoom.us/test and test your internet connection by joining a test meeting. Once you access the Test meeting, you will be able to check your speakers and microphone functionality. You will not need to have a video camera or a microphone for this event. You will be able to communicate through the Chat and Q&A function of the webinar.

Moderator/Group Sign-in and out form for participants attending as a group.

If the participant cancels their registration:

1. Over seven days of the Course start date: a refund will be granted to the participant to the original method of payment. Per Eventbrite's refund policies, the refund will include the ticket price minus the Ticketing Fees (which consist of the payment processing fee and the service fee combined).
2. Within seven days of the Course start: no refund will be granted; however, all course materials will be sent to the participant. The original participant may substitute his registration to another attendee.
3. Please contact the Program Director via email to tax@clemson.edu or phone (864) 656-1625 to cancel attendance and request a refund (if applicable).

If the Tax School cancels the Course:

1. The participant may switch to another date or webinar or receive a full refund to the original method of payment. Per Eventbrite's refund policies, refunds will be for the entire purchase - that includes the ticket price and the Ticketing Fees.
2. The participant will be notified by the Program Director or his assistants via email from the following address: tax@clemson.edu. If no confirmation by the participant has been received within seven days of Course start, the participant will be notified via phone from (864) 656-1625. Furthermore, Course cancellation notifications will be made available at the Tax School's Website

Duplicate Purchases:

Per Eventbrite's refund policies, as long as buyers request a refund within seven days of purchase, they will get a full refund for duplicate charges - that includes the ticket price and the Ticketing Fees.

For further references, please see Eventbrite's Refund Policies on their website.

A Certificate of Attendance will be sent to participants via email the day after the Course ends to the email address given during registration. Participants that do not attend the entire length of the seminar will have their credit hours adjusted accordingly per IRS regulations.

Attorneys will be emailed an additional Certificate of Attendance to present to their respective accreditation organizations.

For more information regarding administrative policies such as complaint, cancellation, and refund, please contact tax@clemson.edu or (864) 656-1625.

General Inquiries
Email: tax@clemson.edu

Dr. Adam J. Kantrovich
Director, Tax School
Extension Associate Professor
Clemson University
E-mail address: akantro@clemson.edu
Phone number: 803-699-3176

Kevin Burkett, CPA
Assistant Director, Tax School
Extension Associate
Clemson University
E-mail address: kburke5@clemson.edu
Phone number: 803-788-5700

Mandy Smith
Administrative Support
Tax School
Clemson University Cooperative Extension
E-mail address: abs4@clemson.edu
Phone: 864-656-1625