Fill Form 2350 Preparation 2023-2024

Welcome to the individual income tax training video. This training will walk you through the preparation of an IRS Form 1040 individual income tax return in the worksheet view. During this training, we will cover the preparation of an intermediate level individual tax return. We will cover some of the more common items that you will usually see during the preparation of a return. However, this training will not cover every type of situation or item that you will see. For more information about specific situations, forms, or schedules, please refer to your senior supervisor. Alright, now let's get started. In order to open the tax software, go to the Start menu, select all programs, then scroll to Pro System effects tax. Then you'll go to the year for the return that you will be preparing. The tax software will open and it will look something like this. Select on the folder in the upper left-hand corner to open the return. Here, you are able to search for a specific client by client ID or by name. The previous returns that you've worked on will also be here. The client today that we will be working on is 01001 John Doe. This is what the return will look like once it is opened. We will also need to open engagement. If you do not already have engagement open, you can find it at the Start menu, all programs, Pro System FX engagement. You can click on it once that's open. The screen should look something like this. Make sure that you are using the bt central file room. You can scroll to the client ID. We'll be working particularly from the PFS tax training. Once the binder opens, it will look something like this. We will also need the 2011...