ABOUT THIS COURSE:
This Tax Preparation Course is designed to give you the knowledge, tools, and skills needed to fulfill the IRS requirements. This course will give you a basic understanding of tax law and practice, and discuss the rules and regulations needed to prepare a Federal Individual Income & Small Business Tax Return for the general public. This course will be a challenge and will require hard work on the student’s part! Upon completion of this course, all students should have the necessary skill sets and confidence to prepare a variety of individual and small business tax returns, be able to answer taxpayers questions, research tax issues, laws, & publications.
Meet Our Team!
Welcome to our team! We're excited to have you here and look forward to getting to know you. Our team is dedicated to supporting your learning journey and helping you achieve your goals. Feel free to reach out, we're here to help you succeed!
Meet Your Tax Coach!
Welcome! I'm excited to be your new tax coach. My goal is to help you understand and navigate your taxes with confidence. I'm here to support you every step of the way, so don’t hesitate to reach out with any questions. Let’s work together to make tax season stress-free and successful!
Example Curriculum:
- Customer Service in the Tax industry
- Office of Professional Responsibility
- Circular 230 - Professional Responsibility and Ethical Obligations of a Tax Preparer
- Who Can Practice Before the IRS?
- Due Diligence & Record Retention
- Due Diligence Training Module (IRS website)
- Test Your Knowledge!
- Homework Assignment
- Introduction to the income tax return
- The TCJA - Tax Cuts & Jobs Act of 2017
- Filing Statuses Breakdown (Single, HOH, MFJ, MFS, & QW)
- Dependents (Qualifying Child vs Qualifying Relative)
- Filing Requirements (Who Must File & Who Should file)!
- Important IRS Dates (Tax Deadline, Extensions, PATH Act, etc)
- The Interview Process & Client Intake Form
- Test Your Knowledge!
- Homework Assignment
- Federal Individual Income Taxes (Tax Brackets explained)
- The Different Types of Taxes
- Tax Credits & Deductions (Breakdown of EITC, CTC, AOTC, ODC, etc)
- The Standard Deduction vs Itemized Deductions
- Introduction to IRS Form 1040
- Most Common Tax Return Issues (Reject Codes) in Tax Preparation
- Amending a Tax Return (Form 1040-x)
- Test Your Knowledge!
- Homework Assignment