This course is a practice-focused, four-module program on preparing Schedule 1-A (Form 1040) for clients claiming the qualified tips, qualified overtime compensation, and qualified passenger vehicle loan interest (QPVLI) deductions created by the One, Big, Beautiful Bill Act (Public Law 119-21). It goes beyond an overview of these new deductions to build the practical skills a preparer needs at the desk: verifying eligibility fact by fact, reconstructing the correct dollar amount from imperfect source documents across both the 2025 transition-relief year and the 2026 first year of separate reporting, and completing Schedule 1-A itself line by line, including the coordination and rounding conventions that differ across its Parts.
This course assumes working knowledge of general individual federal income tax preparation and the basic Schedule 1-A overview already covered in the AFTR annual refresher course; it does not repeat that overview-level material. Course content is grounded in IRC §§224, 225, and 163(h)(4); IRS Notice 2025-69; IRS Notice 2025-57; IRS Fact Sheet FS-2026-13; Treasury Decision 10044 (final regulations under §1.224-1); proposed regulations REG-113515-25 (§§1.163-16 and 1.6050AA-1); and the 2025 Schedule 1-A and its instructions. Where authority remains proposed or sub-regulatory rather than final, the course says so explicitly and states the applicable reliance standard.
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