Small Business I & II Tax Course Bundle

$596.00

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For Current Tax Preparers

This course:

>>is designed as an introduction to some of the issues involved in the preparation of tax returns for various forms of business entities
>>provides an understanding and solid foundation for preparing business tax returns and researching issues
>>gives you the information necessary to handle partnerships and corporations

Product Description

A series of two income tax courses totaling 60 hours must be completed within 6 months.

  1. Small Business I Tax Course – 30 hours
  2. Small Business II Tax Course – 30 hours

Please note:

  • These courses are not webinars

  • Guide to Start and Grow Your Successful Tax Business is non-refundable

  • Free AFTR course only available when IRS releases access

  • We provide all students with a free Tax Law Update once the IRS issues updates

  • Students will complete 1 course at a time to provide the most recent course editions throughout completion of the program

  • This bundle package is for 1 student only

  • Prior tax preparation experience/knowledge is suggested. Students normally enroll in this course after completing the Comprehensive Tax Course and working at least one season as a tax preparer

Course features:

  • Online, self-study beginner tax course
    • Study anywhere/anytime with an internet connection
  • All reading material is viewable online with optional PDF downloads
    • Printed and bound books are an optional add-on for a fee
  • Academic support from tax school instructors provided by email
  • Automatic grading with instructional feedback
  • Certificate of Completion for each course in the program
    • Emailed upon completion with a final passing grade of 70% or greater
  • CTEC Approved
    • State material is available for California (Choose CA edition)
    • Upon successful completion of the course, we will notify CTEC of your completed credits
      • CTEC Qualifying Education Course ID 1071-QE-1004
      • 45-Hours of Federal CE and 15-Hours of CA State CE
  • View our credentials

About the Small Business I tax course:

View the Table of Contents:

Topics Include:

  • Business Types
  • Accounting Methods
  • Financial Statements
  • Business Income
  • Schedule C
  • COGS/Inventory
  • Depreciation
  • Section 179
  • Deduction
  • Contractor vs. Employee
  • Sale of Business Property
  • Partnerships
  • Corporations – C, S, LLC
  • Employee Taxes
  • Excise Taxes
  • Extensions
  • Estimates
  • Employee Benefits
  • Retirement Plans

About the Small Business II tax course:

  • Total of 10 chapters
    • 2 modules, 5 chapters per module
  • Total of 30 CE credit hours
  • 3 months from date of registration to complete the course.
    • Extensions can be purchased if more time is needed.
  • Bonus CE Seminars–
    • Ethics and Responsibilities of Tax Professionals Seminar – 3 hours of CE
    • Tax Law Updates Seminar – 3 hours of CE

View the Table of Contents:

Topics Include:

  • Partnership Issues
  • Corporation Issues
  • S-Corporations
  • General Business Credits
  • Tax Issues Related to Fringe Benefits
  • Capital Gains and Losses
  • Form 990-EZ
  • Form 1041-Trusts
  • Form 1041-Estates
  • Amended or Corrected Business Returns
  • What to Do When You Owe the IRS
  • Tax Practitioner Regulations & Penalties
  • Tax Research

Certificate Programs FAQs

What’s the difference between Certificate Programs and course bundles?

Course bundles are sets of two ITS courses that, if bought together, come at a discounted rate. Certificate Programs are similar in that they are multiple courses bought together at a discounted rate, but also earn a credential from ITS. The minimum grade requirement is higher (80% average instead of 70%), and there is an experience requirement proving that you’ve applied your knowledge in the field. Completing a Certificate Program allows you to add the CTA, CTC, or CTP credential to your professional title as proof that you are certified by The Income Tax School.

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What’s the difference between the CTA, CTC, and CTP Certificate Programs?

Simply put: Chartered Tax Advisor (CTA) is our lowest-level program, Chartered Tax Consultant (CTC) is our mid-level, program, and Chartered Tax Professional (CTP) is our highest-level program. The number of courses in each program increases as you go up, as well as the number of hours for the experience requirement. For more information on the course content and requirements for each program, visit the program pages.

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How long do I have to complete the programs?

You can access and complete all our courses online, 24/7, provided you have internet access. The Certificate Programs are a series of courses designed to be completed one at a time. Course terms are listed below:Comprehensive – 6 months
Advanced I – 3 months________________________________________end of CTA Program – 9 months
Small Business I – 3 months____________________________________end of CTC Program – 12 months
Advanced II – 3 months
Small Business II – 3 months___________________________________end of CTP Program – 18 monthsTo learn more about each course, click the links to the individual course page.
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Do I take the courses all at once, or one at a time?

One at a time. Depending on when you purchase, you could start your first course and by the time you’re ready to start the next one a new edition could be available. For this reason, we give you access to each course one at a time, to ensure you get the most up-to-date version available. This is also true if you order hard copy books with your course. Books are shipped one at a time so that you get the newest edition possible.

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Do I have to complete the courses in order?

Yes, although we can offer some flexibility. By default, students start with the Comprehensive Course, then move on to Advanced I and II, then Small Business I and II. If you’d like to complete the Small Business courses before the Advanced courses, notify our school administrators and we can make the change for you. We will not allow you to take either of the second level courses before completing the first level courses, however.

If you already have some tax knowledge and experience, you can try to test out of the Comprehensive Course and move straight to the advanced courses.

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Am I required to buy hard copy books?

Hard copy books are completely optional. Some students prefer to work through reading materials offline and simply use the online platform to complete assignments, quizzes, and tests. The hard copy books are also a useful tool for tax preparers to use as a reference after they’ve completed the course and are filing tax returns in the field. You do not have to wait for your hard copy book to be shipped to you before beginning your course, but you can if you wish.

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I’m buying a course on behalf of someone else, what should I do?

For business owners operating their own tax school who wish to license our courses for their students: email customercare@theincometaxschool.com or call 1-800-984-1040.

Many customers come to us and are buying a course or seminar for someone else. They could be buying the course for their spouse, or a business owner purchasing for an employee(s), or an employee signing up for a course that their employer is paying for. In those cases, use the following steps:

  1. Select your course(s)
  2. Proceed to checkout
  3. Fill the billing address and payment fields with the information of the person paying for the course.
  4. In the Additional Comments section: enter the names and emails of the person(s) taking the course(s)

Example: Jane is a business owner who wants to purchase the Comprehensive Tax Course for Megan and the CTP Program for Jeff. Jane puts both the Comprehensive course and the CTP Program in her cart and proceeds to checkout. Jane enters her information for the Name, Email, Billing Address, and credit card info, then specifies “Megan Smith – Comprehensive course. Email: megan@example.com, Jeff Jones – CTP Program. Email: jeff@example.com” in the Additional Comments section.

Jane will receive a receipt of purchase by email and will be given login credentials of her own by default. Our school administrators will then manually create student accounts for Megan and Jeff and add their respective courses to their accounts. Please allow up to 2 business days for this to take place.

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Payment Plan

Refund Policy

The Refund Policy below is applicable only for courses students purchase directly from The Income Tax School or Peoples Income Tax School. Students who purchase any courses through third party schools or other organizations must address all refund issues with the entity through which they made that purchase. Please note: Operator©s Starter Kit, License Renewal, Tax Practice Management Manuals (Marketing, Policies and Procedures, Personnel, and Expansion), the Guide to Start and Grow Your Successful Tax Business, and the two Business Start-up Guides are non-refundable.

Online Individual Students

Chartered Tax Certificate Programs Online Individual Students

Virginia Live and Online Individual Students

Academic Honesty Policy

Licensee Guarantee and License Agreement

Reseller License Agreement

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Add books? (optional)

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  • Standard Small Business I Books - $55.00
    Standard Small Business II Books - $55.00

Add Tax Business Start-Up Guide? (optional)

If you would like to start your own tax business, we highly recommend using this guide.

  • (Copy/paste URL) https://www.theincometaxschool.com/refund-policy/licensee-guarantee-and-license-agreement/

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