There are a multitude of penalties that may be imposed on the taxpayer and the tax return preparer for various infractions concerning the proper filing of Form 1040. This program will explain these penalties, including the requirements and/or procedures to avoid such exposure, plus a discussion related to how an innocent spouse may qualify for relief of liability attributable to her/his spouse. Also incorporated into this program are the statutes of limitation regarding claims for refund and tax assessments, as well as the procedures for extending an individual income tax return, the procedures for filing an amended return, and the procedures for claiming a refund.

By proceeding to the examination, you acknowledge and confirm that you have completed the required coursework.