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1040 Preparation and Planning Guide (2007)

CCH's 1040 Preparation and Planning Guide is the premier professional guide to preparing individual income tax returns--plus you can use the Guide to get valuable CPE credits* while preparing for the coming tax return season. It is a product that includes both print and CD audio; a guide to both tax preparation and planning; and a source for both quick reference and CPE credits.

Written by noted tax experts, commentators and educators, Sidney Kess and Barbara Weltman, 1040 Preparation and Planning Guide's approach is concise and practical. These skilled authors provide precise guidance on all the essentials of individual tax return preparation. Practitioners can go into the tax season knowing they are prepared for the rigors of 1040 preparation--feeling confident that they know what's new and that they have a good grasp of the fundamentals.

Legislative and regulatory changes affecting returns, recent IRS rulings and significant court decisions are all reflected and highlighted in place throughout the text in a logical and understandable manner. As an added bonus, an audio CD, which updates preparers on the new tax law highlights for the year is also included. Changes affecting key areas like tax rates and refunds, IRAs, education tax incentives, treatment of dividends, adoption expenses, child care credit, and dozens of other "bread and butter" areas are also highlighted and explained throughout the text. New complicated provisions are presented in more detail, so preparers can readily see and understand them in the context of the 1040 form itself. The authors also include special notice of important new changes that need to be considered in setting new tax planning strategies with clients.

1040 Preparation and Planning Guide's presentation is superior--it flows logically, line-by-line through the return itself; hits all the high points; and uses simple, straightforward and easy-to-understand language. It's format and organization is easy to use and easy to read, with large type and forms reproduced in place throughout the chapters. Many of the forms and schedules included are filled-in, so users can see how real-world tax scenarios flow through onto the forms themselves.

CCH's 1040 Preparation and Planning Guide is ideal for staff training by accounting firms, tax preparation firms and anyone who needs updated, comprehensive training in completing 1040 tax returns.

As a special bonus, 1040 Preparation and Planning Guide also includes one free copy of CCH's bonus Top Federal Tax Issues for 2006 Course, which examines the top new tax issues practitioners will face in the coming year (grading fee additional).


*CPE Course and Credit Information

Course Level: Basic
Prerequisite: None
Recommended CPE Credit:
  6 hours for Module 1 with a $48.00 grading fee
  6 hours for Module 2 with a $48.00 grading fee
  9 hours for Module 3 with a $72.00 grading fee
  9 hours for Module 4 with a $72.00 grading fee
  TOTAL = 30 CPE hours for all four CPE Modules with a $240 grading fee.

This course is divided into CPE Modules. Practitioners may earn CPE credit by successfully completing and submitting the Course Modules' Final Exam answer sheets for grading. An additional fee applies when the Final Exam answer sheets are submitted to CCH for CPE grading and administration.

(NOTE: Because continuing education requirements vary from state to state and among different licensing agencies, practitioners should always check with their licensing boards and governing agencies for specific information on their CPE requirements and to verify the applicability of this Course for meeting their requirements.)

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