Tax Pro Business Package 

Tax Pro Business Package-Comprehensive Course

6 Months/60 Hours/Instructor Supported

Course Overview:

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. This course will provide the educational foundation necessary to successfully pass the IRS Competency Exam (Wage and Non-business Income Form 1040 Examination).

Course Outline:

Upon successful completion of this course, you will be able to:

• Prepare most business and non-business individual tax returns
• Pass the IRS Competency Exam
• 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

Tax Pro Career Package Includes:

• Comprehensive Tax Course (Covers all IRS Exam Topics)
• Bonus Student PDF Flip Book (optional hard copy available for fee)
• Bonus Guide to Starting a Tax Business and Getting Clients
• Bonus Guide to Policies & Procedures for a Tax Business
• Bonus Practice Exam Questions for the IRS Registered Tax Return Preparer
• Competency Exam - Available Upon Completion of Tax Course
• Two (2) Certificates Issued: Completion of this course will satisfy your IRS 15 hour
• CE requirement for the current year, if needed
• 50% Off Following Year's 15-Hour CPE Package (Ethics and Tax Law Updates Available)
• Free Academic Support (Instructor Support Provided by Email)
• Access to Low-cost Tax Preparation Software Options
  
  

Course Description:

• 20 Three Hour lessons.
• No entrance requirements.
• Gives students a solid foundation in individual tax preparation, enabling you to complete all of the standard returns.
• Focuses on the majority of tax forms needed to complete tax returns for yourself and the general public.
• Acquires the knowledge and skills necessary to complete federal income tax returns and research tax issues.
• Requires at least two tax returns prepared for most chapters.

Course Materials/Resources:

• The Income Tax School Comprehensive Income Tax Course Manual
• Federal income tax reference material Certificate of Achievement upon completion Course support from veteran tax preparers

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 link in their online resources once the IRS issues updates.

Term:

• 6 months from date of registration.

CE Credit Eligibility:

• 60 hours of CE Credit

Topics Include:

• Adjustments to Income
• 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
• 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

System Requirements:

Internet Access

• Broadband or high-speed internet access is strongly recommended. Broadband includes DSL, cable, and wireless connections.
• Dial-Up internet connections will result in a diminished online experience. Moodle pages may load slowly and viewing large audio and video files may not be possible.

Hardware

• Virtually all Windows-Mac-Linux hardware configurations and processors are acceptable.
• 1 GB RAM recommended
• Software
• 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)