Expanded study bank
This course currently includes 500 study questions for Part 1: Individuals, with explanations, topic labels, difficulty labels, and review metadata.
Last reviewed: May 30, 2026. Tax year covered: Current IRS SEE cycle; verify current tax-year dollar limits before testing.
Tax rules, limits, forms, fees, and exam logistics can change. Always verify current tax-year limits, exam fees, scheduling rules, and identification requirements with official IRS and PSI sources before testing.
Preliminary Work and Taxpayer Data
Collect taxpayer identity details, filing history, income records, prior-year carryovers, and documents before choosing any return position.
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Take quizFiling Requirements and Filing Status
Determine who must file, which filing status applies, and how age, gross income, marital status, and dependency affect the return.
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Take quizDependents
Apply qualifying child and qualifying relative tests, including relationship, residency, age, support, gross income, joint return, and tie-breaker rules.
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Take quizIncome and Assets
Classify taxable and nontaxable income, including wages, interest, dividends, retirement income, unemployment, cancellation of debt, and property-related items.
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Take quizAdjustments to Income
Identify above-the-line deductions and understand how they affect adjusted gross income and downstream limitations.
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Take quizStandard Deduction and Itemized Deductions
Compare standard and itemized deductions, including medical, tax, interest, charitable, casualty, and miscellaneous limitations where applicable.
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Take quizCredits
Distinguish refundable and nonrefundable credits and apply eligibility rules for child, dependent care, education, energy, and earned income credits.
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Take quizTaxation and Advice
Recognize individual tax planning issues, estimated tax, withholding, penalties, and preparer judgment boundaries.
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Take quizProperty Transactions
Compute basis, amount realized, gain or loss, holding period, capital classification, depreciation recapture, and reporting treatment.
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Take quizRetirement, Social Security, and Special Income
Apply rules for IRA distributions, pensions, Social Security taxation, rollovers, early distributions, and required minimum distributions.
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Take quizForeign Issues for Individuals
Identify foreign income, filing disclosures, foreign tax credit concepts, and residence or citizenship issues relevant to individuals.
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Take quizSpecialized Returns for Individuals
Recognize special filing situations, decedent returns, amended returns, injured spouse, innocent spouse, and household employee issues.
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Take quizEthics, Due Diligence, and Preparer Responsibilities
Apply preparer due diligence, accuracy, recordkeeping, signature, penalty, and ethical responsibilities.
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Take quizComprehensive Form 1040 Review
Tie income, adjustments, deductions, credits, payments, penalties, and refund or balance due into a complete individual return.
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Take quizFinal Review and Practice Exams
Review weak topics, practice timing, and prepare for mixed-question exam conditions.
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