COURSE INTRODUCTION
MODULE 1 - BECOMING A REGISTERED TAX PREPARER WITH THE IRS
MODULE 2 - CUSTOMER SERVICE & ETHICAL OBLIGATIONS OF A PREPARER
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Customer Service in the Tax industry
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Office of Professional Responsibility
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Circular 230 - Professional Responsibility and Ethical Obligations of a Tax Preparer
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Who Can Practice Before the IRS?
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Due Diligence & Record Retention
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Due Diligence Training Module (IRS website)
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Test Your Knowledge!
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Homework Assignment
MODULE 3 - INTRODUCTION TO TAX PREPARATION
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Introduction to the income tax return
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The TCJA - Tax Cuts & Jobs Act of 2017
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Filing Statuses Breakdown (Single, HOH, MFJ, MFS, & QW)
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Dependents (Qualifying Child vs Qualifying Relative)
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Filing Requirements (Who Must File & Who Should file)!
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Important IRS Dates (Tax Deadline, Extensions, PATH Act, etc)
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The Interview Process & Client Intake Form
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Test Your Knowledge!
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Homework Assignment
MODULE 4 - INDIVIDUAL TAX RETURNS (THE 1040 FORM)
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Federal Individual Income Taxes (Tax Brackets explained)
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The Different Types of Taxes
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Tax Credits & Deductions (Breakdown of EITC, CTC, AOTC, ODC, etc)
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The Standard Deduction vs Itemized Deductions
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Introduction to IRS Form 1040
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Most Common Tax Return Issues (Reject Codes) in Tax Preparation
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Amending a Tax Return (Form 1040-x)
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Test Your Knowledge!
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Homework Assignment
MODULE 5 - TYPES OF INCOME & COMMON TAX FORMS
MODULE 6 - SMALL BUSINESS TAX RETURNS (THE SCHEDULE C)
MODULE 7 - TAX LAW CHANGES & UPDATES
MODULE 8 - MARKETING YOUR TAX BUSINESS
MODULE 9 - TAX SOFWARE TRAINING - TAX SLAYER
PRACTICE RETURNS (1-5)
PRACTICE RETURNS (6-10)
