Course Description: 2023 Tax Preparation

Our course is designed to give you the knowledge needed to fulfill IRS requirements and give you a basic understanding of tax law and practice to ensure you serve your clients with the highest quality. This study material has been organized to give line-by-line instructions for Form 1040.

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Learning Objectives: In this beginner tax preparer course, you will learn:

How to prepare a federal individual tax return

Filing status

Which form to use

Credits the taxpayer qualifies for

 

Course Objective: This course provides entry-level tax education, which consists of 40 hours of Federal Income Tax instruction.

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Course components: This is an online course, and all the learning components (eBook, exams, tax preparation exercises, videos, etc.)

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Course Materials:

Online tax course (Included with your purchase)

Internet access

Tax Forms (See your Practice Tax Return exercises, there is a link you can use)

Course Textbook (not required but is recommended for people who prefer the paper copy. You will have chapter eBooks in your online course. The textbook has an extra cost of $68).

Laptop and/or Smartphone?

Notepaper, Pencils, and a Calculator

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Additional Requirements:

Log in to class on time and stay the entire time; attendance is also a pass/fail requirement.

All homework is done online and is expected to be completed before the assigned class time.

Tests are also done online and have the same pass/fail requirements.

Personal communication devices must be on silent mode during class time.

Please mute your computer during class unless speaking

Dress modestly while on zoom with the camera on

Personal use of office equipment is prohibited.

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Methodology: The course is taught using reading, homework assignments, class exercises, practice client interviews, and instructor lectures. The course is both interactive and self-study.

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PASS/FAIL: Certificates of completion will be issued to those students achieving a final grade of 70% or better. Complete the online course during the classroom timeframe. Instructor support may not be available after this timeframe.

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Student Responsibilities

 

Class starts and ends on time

If you are as late to class, sit quietly and do not interrupt

If you need to use the restroom, do so quietly, you don’t have to ask

Raise your hand if you would like to ask a question

No visitors

Use of electronics: laptops, iPads, tablets, phones, etc.

If you miss a class, you are responsible for the content of that class.

If you do not complete the course during the specified time, you can continue the course as a self-study

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Course Chapters

 

 

Chapter 1 – Due Diligence and Penalties

Chapter 2 – Compiling Taxpayer Information

Chapter 3 – Filing Status Dependents and Deductions

Chapter 4 – Income

Chapter 5 – Adjustments to Income

Chapter 6 – Other Taxes

Chapter 7 – Payments and Tax Credits

Chapter 8 – Itemized Deductions

Chapter 9 – Schedule C

Chapter 10 – Schedule E

Chapter 11 – Schedule F

Chapter 12 – Depreciation

Chapter 13 – Capital Gains & Losses

Chapter 14 – Extensions and Amendments

Chapter 15 – Electronic Filing