Tax preparation course

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

For more information or to find our List of Training Centers, Contact us or call us at 877.771.4444

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