REGISTRATIONS OPENBRACC TaxLabPRACTICAL U.S. TAX / FAST TRACK
Your first client return shouldn't be your first practice return.
You may know the tax rules. But when a client sends you a W-2, a K-1 or a trial balance, can you actually prepare a return? That's what we'll practise together.
THREE FORMS. ONE PRACTICAL START. 1040 / 1065 / 1120-S
1040
INDIVIDUAL
W-2s, 1099s, income, deductions, credits and the Form 1040 flow.
Nov 17–19, 2026 · 6–9:30 PM IST
INR 4,999 + GST
1065
PARTNERSHIP
Trial balance, book-to-tax, Schedule K and partner K-1s.
Dec 1–3, 2026 · 6–9:30 PM IST
INR 6,999 + GST
1120-S
S CORPORATION
Trial balance, book-to-tax, Schedule K-1 and shareholder reporting.
Dec 8–10, 2026 · 6–9:30 PM IST
INR 6,999 + GST
THE FORMAT
1 week / form3 days / week6–9:30 PM IST
LEVEL Beginner to Intermediate (guided)
HOURS 10 mentor-led hours per week (10-minute break per session)
FORMAT Live virtual sessions (recordings will be available)
PRACTICE Approx. 45 simulated returns across all 3 programs
ACCESS 60 days after the relevant program ends
ALL 3 FORMS / INR 14,999 + GST 30 hours mentor-led
Less passive listening. More preparing. The goal is a repeatable return-preparation workflow—not mastery of every tax provision in three evenings.
2 hours · Foundations
Get familiar with the form, core rules, source documents and key decisions.
2 hours · Demonstration
Watch the mentor prepare and explain a simulated return.
4 hours · Student practice
Enter data, calculate, troubleshoot and complete guided or independent practice cases.
1.5 hours · Review
Compare results, address reviewer notes and correct mistakes.
0.5 hour · Assessment
Summarise the workflow and complete a basic reviewer-readiness checklist.
WHAT HAPPENS AFTER THE LIVE SESSIONS?
Continue practising with the simulated Tax Lab case library during your 60-day access period. Advanced topics may be covered through walkthroughs, recordings and reference materials rather than full hands-on cases.
Realistic outcome: Learn to approach, prepare and self-review an introductory simulated return under guidance. Approximately 45 practice returns are planned across the full three-form program—not 45 returns completed during the 30 live hours.
WORKSHOP CURRICULUM
Each workshop separates live core topics, Tax Lab preparation activities and additional/advanced practice.
Three live mentor-led sessions, approximately 10 training hours. Work with simulated client records and practise the return preparation and review workflow.
Day 1 · Foundations + first return
Live core: How Form 1040 works; five filing statuses; total income vs AGI vs taxable income; standard vs itemized deductions; Schedules 1, 2 and 3; refundable vs nonrefundable credits; filing deadlines and extensions.
Tax Lab: Intake checklist, W-2 inputs, taxable interest, ordinary vs qualified dividends and a beginner Form 1040 case.
Day 2 · Income, deductions & credits
Live core: Schedule A deductions and charitable limits; Schedule C and SE tax; ST/LT capital gains and ordinary/preferential rates; dependents; CTC, EIC, AOTC; introduction to Schedule E and K-1 separately stated items.
Tax Lab: Guided multi-document return, income reconciliation, deductions and credit checks.
Day 3 · Prepare, review & correct
Live core: K-1 consequences and QBID introductory application; tax computation, credits and reviewer-ready documentation.
Tax Lab: Independently prepare a simulated return, apply a preparer checklist, compare results, correct errors and address reviewer comments.
Additional practice/reference: Schedule E rental income; K-2/K-3 relevance; HSA vs FSA; traditional/Roth IRA, RMDs and taxable distributions; qualified/nonqualified stock options; QJV; Form 1116 vs foreign earned income exclusion; home and rental-property sales; §§1231, 1245 and 1250; estimated-tax penalties and abatement scenarios; charitable contribution ceilings and extended K-1/QBID cases.
Workshop outcome
Be able to approach a guided simulated FORM 1040 engagement: organise inputs, prepare applicable return sections, explain key calculations and identify common review points. Depth depends on the sample cases used.
Format: live instruction and guided practice, with recordings available. Practice access: 60 days after the workshop ends. This is a foundation-to-practice syllabus. Core workflow is guided hands-on; advanced topics may be covered through worked examples or conceptual overviews, not separate full returns for every topic. Actual tax treatment depends on tax year and facts.
BRACC TAXLABPRACTICAL WORKSHOP CURRICULUM
1–3 DEC 2026 · 6:00–9:30 PM IST
FORM 1065 Practical Workshop
Three live mentor-led sessions, approximately 10 training hours. Work with simulated client records and practise the return preparation and review workflow.
Day 1 · Foundations + trial balance
Live core: Pass-through vs C corporation taxation; single- vs multi-member LLC defaults, general partnerships and corporate/S elections; who files Form 1065; general vs limited partners; Schedule K vs K-1, partner-level and passive/nonpassive treatment basics.
Tax Lab: Partnership intake, ownership, trial-balance mapping and income/expense classification.
Day 2 · Computations + partner reporting
Live core: Book-to-tax adjustments, MACRS/bonus/§179, guaranteed payments, Schedule L, M-1/M-2, partner capital and contributions, distributions, Schedule K and partner K-1s.
Tax Lab: Prepare key 1065 schedules and K-1 inputs from a simulated trial balance.
Day 3 · Review + first-level checklist
Live core: Reconcile book and tax income, partner capital and allocations; inside/outside basis overview; partner distributions; filing deadlines, extensions and late-filing penalties.
Tax Lab: Correct a return with reviewer notes, reconcile K-1s, flag partner-basis issues and complete the preparer checklist.
Additional practice/reference: §704 and special allocations; §754 elections/basis adjustments; built-in gain and property contributions; adjusted tax basis vs book value; detailed inside/outside basis; liquidating distributions and final K-1s; Schedule M-3 applicability; deeper capital rollforwards and passive/self-employment-tax characterization.
Workshop outcome
Be able to approach a guided simulated FORM 1065 engagement: organise inputs, prepare applicable return sections, explain key calculations and identify common review points. Depth depends on the sample cases used.
Format: live instruction and guided practice, with recordings available. Practice access: 60 days after the workshop ends. This is a foundation-to-practice syllabus. Core workflow is guided hands-on; advanced topics may be covered through worked examples or conceptual overviews, not separate full returns for every topic. Actual tax treatment depends on tax year and facts.
BRACC TAXLABPRACTICAL WORKSHOP CURRICULUM
8–10 DEC 2026 · 6:00–9:30 PM IST
FORM 1120-S Practical Workshop
Three live mentor-led sessions, approximately 10 training hours. Work with simulated client records and practise the return preparation and review workflow.
Day 1 · Foundations + trial balance
Live core: S vs C corporations, pass-through vs double taxation; LLC classification and valid elections; S corporation eligibility and return structure; shareholder K-1s and pro rata ownership-based allocations (rather than partnership special allocations).
Live core: MACRS/bonus/§179; deductible, capitalized and nondeductible expenses; Schedule L, M-1/M-2, retained earnings, Schedule K/K-1 and basic stock/debt basis and distributions.
Tax Lab: Prepare a simulated 1120-S and connect trial-balance, equity and shareholder reporting.
Day 3 · Final K-1 + reviewer readiness
Live core: Officer reasonable compensation, shareholder allocations, distributions and basis limits; Schedule M-2 account overview and reviewer reconciliation.
Tax Lab: Correct return and K-1 issues, complete reviewer checklist and explain adjustments made.
Additional practice/reference: Detailed Schedule M-2 buckets (AAA, OAA, accumulated E&P and previously taxed income where applicable); stock/debt basis limits; liquidating distributions; built-in gains tax overview; Schedule M-3 applicability; final K-1s and related shareholder-level consequences.
Workshop outcome
Be able to approach a guided simulated FORM 1120-S engagement: organise inputs, prepare applicable return sections, explain key calculations and identify common review points. Depth depends on the sample cases used.
Format: live instruction and guided practice, with recordings available. Practice access: 60 days after the workshop ends. This is a foundation-to-practice syllabus. Core workflow is guided hands-on; advanced topics may be covered through worked examples or conceptual overviews, not separate full returns for every topic. Actual tax treatment depends on tax year and facts.
