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Total CE Credit Eligibility:
- 60 hours of CE for Comprehensive Tax Course
- 30 hours of CE for Advanced I Tax Course
- Plus 6 additional hours of CE when you complete the Bonus CE seminars!
Comprehensive Tax Course Description:
- A total of 20 chapters, 3 hours per chapter
- There are no entrance requirements
- This course will enable you to prepare individual tax returns for the general public, including individual taxpayers who operate sole-proprietor businesses. At the completion of the course, you will be able to complete most individual non-business and small business (self-employed/Schedule C) tax returns and research tax issues.
Upon successful completion of this course, you will be able to:
- Prepare most business and non-business individual tax returns
- Perform a thorough interview with a taxpayer
- Determine a taxpayer's filing status and eligibility for exemptions
- Accurately report income and deductions for a taxpayer
- Determine a taxpayer's eligibility for credits and deductions
- Compute income for Schedules C, E and F
- Determine depreciation deductions and eligibility for Section 179
- Accurately calculate a taxpayer's refund or balance due
- Advise a taxpayer in tax planning strategies
Course Materials/Resources:
- Comprehensive Tax Course Manual, by The Income Tax School
(online text, optional hard copy available)
- Federal income tax reference material
- Automatic grading with instructional feedback
- Student forum and career center
- Certificate of Achievement upon completion
- Instructor support from veteran tax preparers
Teaching Method:
- Online - Study 24/7/365 anywhere with an Internet connection
Availability:
- Our current courses are based on last year's tax law because this year's tax code is not finalized until December. We provide all students with a free Tax Law Update once the IRS issues updates.
Term:
- 6 months from date of registration
Topics Include:
- Electronic Filing
- W-2 & 1099 Forms
- Form 1040 (1040 EZ/A)
- Interview Techniques
- Filing Requirements
- Filing Status
- Exemptions & Dependents
- Earned Income Tax Credit
- Due Diligence
- Child Care & Tax Credits
- Interest & Dividends
- Other Income
- Adjustments to Income
- Itemized Deductions
- Employee Business Expenses
- Sale of Real Estate
- Depreciation
- Self-Employment
- Rental Property
- Capital Gains & Losses
- Alternative Minimum Tax
- Education Expenses & Plans
- IRAs & Retirements Plans
- Ethics
- Kiddie Tax
- Tax Saving Ideas
- Farm Income
Advanced I Tax CourseDescription:
-
10 Chapters, 3 Hours per Chapter
-
Prior tax preparation experience/knowledge is required.
-
Students normally enroll in this Course after completing the Comprehensive Tax Course and working at least one season as a tax preparer.
- This course will provide continuing study in tax preparation for individual taxpayers. At the completion of the course, the student will have the confidence to take on more complex returns and research more complicated tax issues by reinforcing your existing tax knowledge and building on it.
Course Materials/Resources:
- Advanced Income Tax Course Manual, by The Income Tax School
- Federal income tax reference material
- Automatic grading with instructional feedback
- Student forum and career center
- Certificate of Achievement upon completion
- Instructor support from veteran tax preparers
Teaching Method:
- Online - Study 24/7/365 anywhere with an Internet connection
Availability:
- Our current courses are based on last year's tax law because this year's tax code is not finalized until December. We provide all students with a free Tax Law Update once the IRS issues updates.
Term:
- 3 months from date of registration.
Topics Include:
- Earned Income Credit
- Clergy
- Investments
- At Risk Rules
- Passive Activities
- Injured/Innocent Spouse
- Tax/Special Credits
- COGS/Business Start-Up
- Depreciation
- Amortization
- Section 179
- Employee Business Expense
- Office in Home
- Auto Expenses
- Self-Employment Tax
- Statutory Employees
- Capital Gains/Losses
- Basis of Property
- Sale of Stock
- Installment Sales
- Rental Properties
- K-1s/1099s
- Sale of Business Property
- Estimated Taxes
- Extensions
Bonus CE Seminars:
- Ethics and Responsibilities of Tax Professionals Seminar - 3 hours of CE
- Tax Law Updates Seminar - 3 hours of CE