Module VI: Standard and Itemized Deductions (1040 Exam Prep Study Material Series)

Module VI: Standard and Itemized Deductions (1040 Exam Prep Study Material Series) Review

Sixth Module of the 1040 Exam Prep e-Books Series. The easiest, cheapest, and fastest option tax return preparers have to meet the IRS competency examination and become a Registered Tax Return Preparer. Most taxpayers have the choice to use the method of deduction that gives them the lowest tax liability. Taxpayers can choose standard deduction or opt for itemized deduction. Module VI summarizes what you need know about this topic for the IRS exam.