Advanced Income Tax Preparation Level 2

30 Hours / 3 Months / Mentor Supported

Course Overview:

Students will study more specialized areas of taxation in this course. This course covers mended 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.

  • 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 Comprehensive Income Tax Class, Advanced Income Tax Preperation Level 1 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.
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

Course Outline:

  • Amended Tax Returns for Individuals
  • Special Needs and Concerns of Seniors
  • Tax Issues for High Income Taxpayers
  • Net Operating Losses
  • Schedule D - Special Issues
  • Tax Issues for Divorced Taxpayers
  • Tax Planning Tips and Strategies
  • Responding to the IRS
  • Part-year Resident State Tax Preparation Principles
  • Nonresident Alien Returns - Form 1040NR

All necessary materials are included.

System Requirements:

Internet Connectivity Requirements:
  • Cable and DSL internet connections are recommended.
Hardware Requirements:
  • Minimum Pentium 400 Mhz CPU or G3 Macintosh. 1 GHz or greater CPU recommended.
  • 256MB RAM minimum. 1 GB RAM recommended.
  • 800x600 video resolution minimum. 1025x768 recommended.
  • Speakers/Headphones to listen to Dialogue steaming audio sessions.
  • A microphone to speak in Dialogue streaming audio sessions.
Operating System Requirements:
  • Windows Vista, 7, 8, 8.1, 9, 10
  • Mac OSX 10 or higher.
  • OpenSUSE Linux 9.2 or higher.
Web Browser Requirements:
  • Google Chrome is recommended.
  • Firefox 13.x or greater.
  • Internet Explorer 6.x or greater.
  • Safari 3.2.2 or greater.
Software Requirements:
  • Adobe Flash Player 6 or greater.
  • Oracle Java 7 or greater.
  • Adobe Reader 7 or greater.
Web Browser Settings:
  • Accept Cookies
  • Disable Pop-up Blocker.

** Outlines are subject to change, as courses and materials are updated. Software is not included with the purchase of the course, unless otherwise specified. Students are responsible for the purchase and installation of the necessary course software. **