Chartered Tax Professional
180 Hours/18 Months/Instructor Supported
Recent economic changes make it more important than ever for taxpayers to claim all of the credits and deductions due to them and to pay no more than the exact amount of taxes they owe. As a result, qualified tax preparers are in high demand. This nationally recognized certificate program enables you to start working and earning money while completing coursework. Upon completion of all 5 income tax courses covering individual and small business taxes, the student will earn the CTP® designation. A CTP® is also able to prepare returns for small business corporations, partnerships and more complex sole proprietorships. AS a CTP®, you will also gain the tax knowledge and experience to start preparation for the IRS Enrolled Agent (EA).
How to Become a CTP®
2 Easy Steps…
Successfully complete the series of five Income Tax Courses (four additional 30-hour courses beyond the 60-hour Comprehensive Tax Course) within 18 months. An average grade of at least 80% must be attained in each course in order to receive your certificate and designation.
Meet the experience requirement of working at least two tax seasons (a minimum of 500 hours) as a tax preparer while in the program (prior tax preparation experience will count for experienced tax professionals who test out of the Basic and/or Intermediate courses). After completing the first tax course you'll have enough tax knowledge to start working towards your experience requirement. Plus, you'll start earning money!
Your CTP® Designation Can Be Earned in Months
All income tax courses are offered online via the Internet and can be completed anywhere, anytime-24/7. The affordable tuition includes instructor support plus a hard copy of each income tax course student text with all necessary tax forms at no additional cost. Each module can be completed in 5-10 weeks (one or two lessons per week). The entire program could be completed in less than eight months, but many students will take up to 18 months, during which time they will also gain experience and earn money as tax professionals. Your tax preparation experience requirement will be documented by preparing and submitting the Affidavit of Experience Requirement.
You will be Awarded a Chartered Tax Professional Certificate
Upon completion of each of the six courses, you will be issued a Certificate of Completion with your continuing education hours listed. Once you complete the entire certificate program, you will be awarded a CTP® certificate and the designation of Chartered Tax Professional – CTP®. Acceptable experience completed prior to enrolling in the CTP® program by tax preparers who have tested out of the first two courses will satisfy the experience requirement. This course is certified to operate as a private career school by the State Council of Higher Education for Virginia (SCHEV).
Benefits of Becoming a Tax Professional
- Recession-resistant career
- Seasonal and flexible schedule - PT or FT hours
- Work for a firm or start your own business
- Enjoy a career servicing the needs of your clients
- Emphasis on problem solving and interpersonal skills
- Reduce your own tax liability
- Income potential is unlimited
Benefits of our Course:
- Curriculum is up-to-date, of the highest quality and written in layman's terms
- Prepare tax returns without dependency on tax software
- Immediate grading of all assignments and exams
- Textbooks provided with Basic, Intermediate and Comprehensive courses
- Instructor feedback and support provided
- Self-study, all material is available online – 24/7-365 days a year
- Student forum available for Q/A and interaction with fellow students, FAQ section
- Career center available, including internship program
- Approved NASBA, IRS OPR for Continuing Education, Qualified Sponsor for CFP, SCHEV, CTEC, Oregon Board of Tax Practitioners
- State supplements are available for California and Oregon
- Certificate of Completion
- 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
- ndividual tax returns.
- This Course provides the critical education and knowledge which make the graduates more competent and successful than their competitors.
- The Income Tax School Comprehensive, Advanced Level I, Advanced Level 2, Small Business Level 1 and Small Business Level 2 Income Tax Course Manuals
- Federal income tax reference material Certificate of Achievement upon completion Course support from veteran tax preparers
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 link in their online resources once the IRS issues updates.
Comprehensive: Student will begin with the basic foundation of tax preparation which includes filing status, exemptions and form usage. The course continues with various types of income, credits, adjustments to income, retirement, electronic filing, Schedules A, B, C, D, E, and F. The course also includes employee business expenses, the use of education credits, depreciation, Alternative Minimum Tax, underpayment penalties, taxes for household employees and "kiddie tax". Upon completion, a student will be able to complete most complex individual tax returns. There are no prerequisites for this course.
Advanced Individual Level I: Students will study Earned Income Tax Credit (EIC or EITC), clergy income and investments.
The course continues with a more in-depth study of employee business expenses, Schedules C and E, at-risk rules and passive activities. Upon completion the student will be able to assist individual taxpayers with more in-depth complex returns. Prior tax knowledge and experience is required for this course.
Advanced Individual Level II: Students will study more specialized areas of taxation in this course. This course covers amended returns, special needs and concerns for seniors, tax issues for high income taxpayers, net operating losses, special issues for Schedule D, tax issues for divorced and separated taxpayers, tax planning, savings strategies, updates, guidance in responding to the IRS, state returns and nonresident alien returns. Upon completion of this course a student will be able to complete specialized individual returns. Prior tax knowledge and experience are required for this course.
Small Business Level I: Students will learn how to start a business and choose a business entity. The course continues with business organization such as record keeping, receipts, expenses and income. Topics for this course include sole proprietorships, partnerships, corporations, s-corporations, payroll taxes, retirement plans, basis and dispositions.
This course is an introduction to small business returns. Upon completion of this course students will be able to start preparing the less complex business returns. Prior tax knowledge and experience are required for this course.
Small Business Level II: Students will study more in-depth areas of business taxation in this course. This course includes a study of the balance sheet, a more in-depth study of partnerships and partnership issues, corporation issues, a more complex study of s-corporations, fringe benefits, business tax credits, amended business returns, farm income, tax practitioner regulations and penalties, taxes and tax research. Upon completion of this course a student will be able to complete the most complex of business returns. Prior tax knowledge and experience are required for this course.
- Virtually all Windows-Mac-Linux hardware configurations and processors are acceptable.
- 1 GB RAM recommended
- Operating Systems
- Windows XP or Vista and Mac OS X 10 and higher, most Linux distributions
- Web Browsers
- Mozilla Firefox 2 and 3 (previous versions will work also)
- Internet Explorer 6, 7 and 8
- Safari is not currently recommended as it cannot display certain Moodle editing menus for both students and instructors
- Media Plug-ins (These may be required depending on your course media-click on the links below to download the latest versions)
- Adobe Flash Player
- Adobe Acrobat Reader
- Apple Quicktime
- Windows Media Player
- Real Player
- PowerPoint Viewer (use this if you don't have PowerPoint)