Basic Part I and Intermediate Part II Course Description: • Basic Part I & Intermediate Part II with a total of 20 Chapters, 3 Hours per Chapter • There are no entrance requirements. • This 20-lesson Course will give you a solid foundation in individual tax preparation, enabling you to complete all of the standard returns. • This Course focuses on the majority of tax forms needed to complete tax returns for yourself and the general public. In the Course you should acquire the knowledge and skills necessary to complete federal income tax returns and research tax issues. Because "Practice makes perfect", the Course requires at least two tax returns prepared for most chapters. • With this knowledge, you can earn extra money as a tax professional
Course Materials/Resources: • Comprehensive Income Tax Course Manual, by The Income Tax School • Federal income tax reference material • Certificate of Achievement upon completion • Hands-on training from veteran tax preparers
Teaching Method: Live Class, Online
Availability: This Course is available now for the 2008 Tax Law (a tax law update is available at year-end when the new 2009 tax law has been finalized)
Term: 6 months from date of registration.
CPE Credit Eligibility: 60 hours of CPE Credit
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
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• 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
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Advanced I Course Description: • 10 Chapters, 3 Hours per Chapter • Prior tax preparation experience/knowledge is required. • This Course is designed to enhance the knowledge and experience of tax practitioners. • Students normally enroll in this Course after completing the 10-week Comprehensive Income Tax Class and working at least one season as a tax preparer. • This Course will give you the confidence to take on more complex returns by reinforcing your existing tax knowledge and building on it. • This Course is also suitable for a veteran preparer who needs to refresh his/her skills. • If you are an enrolled agent, accountant, lawyer, financial planner, business owner, experienced tax preparer, or just interested in increasing your tax knowledge, the Advanced Course will enable you to prepare more complex individual tax returns. This Course provides the critical education and knowledge which make the graduates more competent and successful than their competitors.
Course Materials/Resources: • Advanced Income Tax Course Manual, by Peoples Income Tax • Federal income tax reference material • Certificate of Achievement upon completion • Hands-on training from veteran tax preparers
Teaching Method: Online
Availability: This Course is available now for the 2007 Tax Law (a tax law update is available at year-end when the new 2008 tax law has been finalized)
Term: 4 months from date of registration.
CPE Credit Eligibility: 30 hours of CPE Credit
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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 |
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