Comprehensive Tax Course is a thorough, A to Z guide, providing students with the tools and skills they need to prepare individual tax returns. No prior tax or accounting knowledge is necessary, as this course will teach students how to prepare a tax return from start to finish. This course is continuously updated with the latest IRS guidance and legislative changes to keep you informed of the latest tax laws. Some of the major topics covered in this course include:
Filing Requirements – Who must file a tax return and which form must be used?
Types of Income – How are different types of income taxed?
Deductions and Credits – What tax benefits are available to maximize the client’s savings?
Responsibilities of Tax Professionals – What duties and responsibilities does a tax preparer owe to his or her clients?
After completing this course, students will have the necessary skill sets and confidence to prepare individual tax returns.
Upon successful completion of this course, you will be qualified to:
Prepare most individual tax returns, including Schedules C, D, and E;
Perform a thorough interview with a taxpayer
Determine a taxpayer’s filing status and eligibility for exemptions
Accurately report income and deductions for a taxpayer
Determine a taxpayer’s eligibility for credits and deductions
Compute depreciation for assets and eligibility for Section 179
Accurately calculate a taxpayer’s refund or balance due
Advise a taxpayer in tax planning strategies
Online Course select textbook option above Digital textbooks or Physical Paperback textbooks cost varies.