Learn to prepare individual tax returns for almost all U.S. taxpayers! With this innovative course, you can start working and earning money while completing your course work.
Requirements:
Hardware Requirements:
- This course can be taken on either a PC or Mac.
Software Requirements:
- PC: Windows 8 or later.
- Mac: macOS 10.6 or later.
- Browser: The latest version of Google Chrome or Mozilla Firefox are preferred. Microsoft Edge and Safari are also compatible.
- Adobe Acrobat Reader.
- Software must be installed and fully operational before the course begins.
Other:
- Email capabilities and access to a personal email account.
Instructional Material Requirements:
The instructional materials required for this course are included in enrollment. The following materials will be shipped to you approximately 7-10 business days after enrollment:
- Federal Forms
- Federal Worksheets
- Instructions
- Publication
- Tax Preparer Resources
A Chartered Tax Professional (CTP) is someone who has completed a specific series of tax courses in individual and small business income tax preparation. This nationally recognized innovative online certificate course enables you to start working and earning money while completing coursework toward the CTP professional credential.
After successfully completing this course, you will be qualified to prepare individual tax returns for almost all U.S. taxpayers and will also have the tax knowledge to successfully pass the Special Enrollment Examination (SEE). The Special Enrollment Examination (SEE) is a test that individuals can take to become an Enrolled Agent in the United States. The Enrolled Agent credential is issued and regulated by the Internal Revenue Service (IRS).
Attention California Residents!
If you live in California and plan to become a preparer of Federal and/or state income tax returns, you must meet the requirements of the California Tax Education Council (CTEC) to become licensed to practice as a California Tax Preparer. In that case, you should instead take the Chartered Tax Professional for California Residents course, which will enable you to meet the CTEC requirements while also earning your professional CTP designation.
Attention Oregon Residents!
This course is not suitable for Oregon residents
- Individual Income Tax Preparation
- Comprehensive Income Tax Course
- Electronic Filing
- W-2 and 1099 Forms
- Form 1040 (1040 EZ/A)
- Interview Techniques
- Filing Requirements
- Filing Status
- Exemptions and Dependents
- Earned Income Tax Credit
- Due Diligence
- Child Care and Tax Credit
- Interest and Dividends
- Other Income
- Adjustments to Income
- Moving Expenses
- Itemized Deductions
- Employee Business Expenses
- Sale of Real Estate
- Depreciation: MACRS and ACRS
- Self-employment
- Filing Requirements
- Rental Property
- Capital Gains and Losses
- Education Expenses and Plans
- Education Tax Benefits
- IRAs and Retirements Plans
- Ethics
- Kiddie Tax
- Taxpayer Relief Act of 1977
- Tax Saving Ideas
- Alternative Minimum Tax
- Office-in-Home
- Injured and Innocent Spouse
- Penalties
- Extension
- Amended Returns
- Advanced Income Tax Course: Level I
- Earned Income Credit
- Clergy
- Investments
- At-risk Rules
- Passive Activities
- Injured and Innocent Spouse
- Tax Credits, 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 and Losses
- Basis of Property
- Sale of Stock
- Installment Sales
- Rental Properties
- K-1s and 1099s
- Sale of Business Property
- Estimated Taxes
- Extensions
- Advanced Income Tax Course: Level II
- 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
- Small Business Income Tax Preparation
- Small Business Income Tax Course: Level I
- Introduction to Small Business Tax Preparation
- Business Types
- Accounting Methods
- Financial Statements
- Business Income
- Schedule C
- COGSand Inventory
- Depreciation
- Section 179 Deduction
- Contractor vs. Employee
- Sale of Business Property
- Partnerships
- Corporations: C, S, LLC
- Employee Taxes
- Excise Taxes
- Estate Taxes
- Extensions
- Estimates
- Employee Benefits
- Retirement Plans
- Small Business Income Tax Course: Level II
- Understanding the Balance Sheet
- Partnership Issues
- Corporation Issues
- General Business Credits
- Tax Issues Related to Buying a Business
- Sale or Liquidation of Business
- Profit or Loss From Farming: Schedule F
- Amended or Corrected Business Returns
- What to Do When You Owe the IRS?
- Tax Preparation for Non-profits: 501(c)(3), 501(c)(4), 501(c)(6), etc.
What you will learn
- Master preparing taxes for individuals, small businesses, partnerships, and sole proprietorships
- Prepare for the IRS Enrolled Agent exam
- Learn how to conduct a professional tax preparation client interview
- Practice and work as a qualified tax professional
- Learn how to prepare tax returns for all individual U.S. taxpayers
- Understand the ethical responsibilities of tax professionals
How you will benefit
- Start working and earning money after completing the first two modules of the course
- Develop a professional vocabulary and the communication skills required to flourish in the accounting world
- Become qualified to prepare taxes for a variety of tax-holders and small companies
- Possess the necessary knowledge and skillset required to pass the IRS Enrolled Agent exam
Instructor support is provided through email by experienced practicing tax professionals employed by Peoples Income Tax, Inc., a sister company of The Income Tax School.