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Category
Tax preparation course
Date: January 15 to 18, 2023
CE Credits: 10 Federal Tax Law, 3 Federal Tax Updates, 2 Regulatory Ethics
Our Tax Preparation 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.
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
Our proprietary Professional Training System, Prendo365.com, combines traditional textbook courses with online interactive questions and Practice Tax Returns (PTR). Each chapter in the course is the foundation for the next. After each chapter, the student will complete a PTR and review questions.
Practice Tax Returns are in PDF format and include links to the necessary forms to complete a tax return by hand. The Practice Tax Return will have their own set of review questions. Returns containing Schedule A are prepared with state income tax withholding on line 5 and the additional state-specific taxes such as CASI. PTRs are based on the material covered in the chapter. Español? Click here.
Course Details Included in this course
- Title: 2021 Tax Preparation Course
- Level: Beginner
- Delivery Method: Self-study
To earn certificate of completion:
- Pass Final with 70% (or better)
- Complete course survey
- 16 Chapter Slides (eBook)
- Quizzes
- Videos
- Practice Tax Return
- Practice Tax Return Final
- Federal Final
- Courses & Ebook $
- Courses , Ebook & Text book $
1) Publication 17 & Circular 230
1.1 Publication 17 practice
Private
1.2 Circular 230 practice
Private
1.2.1 Introduction of ethic practice
Private
1.2.2 Due diligence practice
Private
2) Introduction for forms 1040
2.1 Filing requirement practice
Private
2.2 Name and address practice
Private
2.3 Filing status practice
Private
2.4 TIN (SSN and ITIN) practice
Private
2.5 Dependents practice
Private
2.5.1 Qualifying child vs qualifying relative practice
Private
3) Toro Taxes Software
3.1 WIP practice
Private
3.2 Select a return practice
Private
3.3 Check, register and activation practice
Private
3.4 Transmit to central site practice
Private
3.5 Fed rejects practice
Private
3.6 Software updates practice
Private
3.7 4-step workflow practice
Private
3.8 Client data practice
Private
4) Income
4.1 Wages, salaries, tips, etc practice
Private
4.1.2 Back pay practice
Private
4.1.3 Bonuses and prizes practice
Private
4.1.4 Severance payment practice
Private
4.1.5 Educational benefits practice
Private
4.1.6 Group-term life insurance practice
Private
4.1.7 Cafetería plan practice
Private
4.1.8 Accrued vacation pay practice
Private
4.1.9 Tips practice
Private
4.1.10 De minimis fringe benefits practice
Private
4.2 Interest practice
Private
4.3 Dividend practice
Private
4.3.1 Qualified dividends practice
Private
4.3.2 Ordinary Dividends practice
Private
4.4 IRA distribution practice
Private
4.5 Pensions and annuities practice
Private
4.6 Social security benefits practice
Private
4.7 Capital gain practice
Private
4.7.1 Basis of property practice
Private
4.8 Rental income practice
Private
4.7.2 Sale of property practice
Private
4.7.3 Selling your home practice
Private
4.7.4 Gains and losses practice
Private
4.9 Business income practice
Private
4.8 Rental income practice
Private
5) Standard and itemized deduction
5.1 Standard deduction practice
Private
5.2 Itemized deduction practice
Private
5.2.1 Medical and dental expenses practice
Private
5.2.2 Taxes paid practice
Private
5.2.3 Interest expense practice
Private
5.2.4 Gift to charity practice
Private
6) Additional income
6.1 Taxable refunds of state and local income taxes practice
Private
6.2 Alimony practice
Private
6.3 Unemployment compensation practice
Private
7) Adjustments to income
7.1 Educator expense practice
Private
7.2 Certain business expense practice
Private
7.3 HSAs practice
Private
7.4 Alimony practice
Private
7.5 IRS deduction practice
Private
7.6 Student loan interest deduction practice
Private
7.7 Other adjustment to income practice
Private
8) Tax
8.1 Tax bracket practice
Private
8.2 Additional taxes practice
Private
8.3 Estimated tax payment practice
Private
9) Credits / Refundable and non-refundable
9.1 Child tax credit practice
Private
9.2 Additional child tax credit practice
Private
9.3 Credit for other dependent practice
Private
9.4 EIC practice
Private
9.5 American opportunity credit practice
Private
9.6 Lifetime learning credit practice
Private
10) Business income
10.1 Schedule C - Due Diligence practice
Private
10.2 Statutory employer practice
Private
10.3 Babysitter practice
Private
10.4 Prepaid income and repayment practice
Private
10.5 Rental income (Sch E) - Due diligence practice
Private
10.6 Depreciation practice
Private
10.7 QBI practice
Private
11) Other income
11.1 Canceled debt practice
Private
11.2 Bartering income practice
Private
11.3 Life insurance income practice
Private
11.4 Shareholder's share of income practice
Private
11.5 Sch K1 (1120) practice
Private
11.6 Sch K1 (1065) practice
Private
11.6 Royalties sch E practice
Private
11.6 Copyrights and patents practice
Private
12) ITIN
12.1 Introduction to ITIN practice
Private
12.2 Form W7 practice
Private
13) Electronic filing
13.1 EFIN practice
Private
13.2 ERO practice
Private
13.3 Due date practice
Private
14) Penalties
14.1 Failure to file practice
Private
14.2 Failure to pay practice
Private
14.3 Underpayment of estimated taxes practice
Private
14.4 Penalty relief due diligence practice
Private
15) Updates
15.1 Child tax credit practice
Private
15.2 Cash charitable contribution ($600) practice
Private
15.3 PPP (No included in Income) practice
Private
15.4 Standard deduction practice
Private
15.5 Child care expense practice
Private
15.6 Tax brackets practice
Private
15.7 EIC practice
Private
15.8 The alternative minium tax practice
Private
15.9 IRA Contributions practice
Private
16) Identity theft
16.1 Form 14039 practice
Private
17) Marketing strategies
17.1 Importance of marketing practice
Private
17.2 Introduction to social media practice
Private
17.3 Letters, text and birthday cards practice
Private
17.4 Product and service to offers practice
Private
17.4.1 Business service practice
Private
17.4.2 Ancillaries practice
Private
18) Bank app
18.1 Bank app practice
Private
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