Preparing Returns with Multiple Income Sources

Course Description:

This illustrative course is designed to provide a more tangible experience to understanding tax preparation. The course content will identify possible sources of taxable income, examine self-employment income and the necessity to make estimated payments, and generally explains the initial steps taken at the beginning of the return process.

Learning Objectives:

• Identify sources of taxable and non-taxable income 
• Identify self-employment income and expenses 
• List examples of other income 
• Calculate gains or losses on sales of non-business assets 
• Explain the application of self-employment tax 
• List available payment options 

Duration: 100 minutes
Who Should Attend: All tax practitioners advising individual clients
Course Level: Basic - story-based
Prerequisite: None
Advance Preparation: None
Delivery Method: Self Study - Internet Based
IRS CE: UBWMF-T-00343-25-S
CTEC: 6209-CE-00255
NASBA: 116347
Expiration: In accordance with NASBA standards, access to this course will terminate one year from the date of purchase. Incomplete courses will no longer be accessible beyond the one year deadline.

Last Modified: 10/9/2025