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Advanced Income Tax Preparation Level 2

Certificate

Advanced Income Tax Preparation Level 2

Students will study more specialized areas of taxation in this course. This course covers mended returns, special needs and concerns for seniors, tax issues for high income taxpayers, net operating losses, special issues for Schedule D, tax issues for divorced and separated taxpayers, tax planning, savings strategies, updates, guidance in responding to the IRS, state returns and nonresident alien returns. Upon completion of this course a student will be able to complete specialized individual returns. Prior tax knowledge and experience are required for this course.

Hours

30

Access Length

3 Months

Delivery

Mentor Supported

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Course Overview

This course is being updated with new yearly content.   The content will be available by the end of Q4 2020.
Any new enrollments will be placed on hold until the new content is available.

  • Prior tax preparation experience/knowledge is required.
  • This course is designed to enhance the knowledge and experience of tax practitioners.
  • Students normally enroll in this course after completing the Comprehensive Income Tax Class, Advanced Income Tax Preperation Level 1 and working at least one season as a tax preparer.
  • This course will give you the confidence to take on more complex returns by reinforcing your existing tax knowledge and building on it.
  • This course is also suitable for a veteran preparer who needs to refresh his/her skills.
  • If you are an enrolled agent, accountant, lawyer, financial planner, business owner, experienced tax preparer, or just interested in increasing your tax knowledge, the Advanced Course will enable you to prepare more complex individual tax returns.
  • This course provides the critical education and knowledge which make the graduates more competent and successful than their competitors.
Benefits of Becoming a Tax Professional
  • Recession-resistant career
  • Seasonal and flexible schedule – PT or FT hours
  • Work for a firm or start your own business
  • Enjoy a career servicing the needs of your clients
  • Emphasis on problem solving and interpersonal skills
  • Reduce your own tax liability
  • Income potential is unlimited

Course Outline:

  • Amended Tax Returns for Individuals
  • Special Needs and Concerns of Seniors
  • Tax Issues for High Income Taxpayers
  • Net Operating Losses
  • Schedule D – Special Issues
  • Tax Issues for Divorced Taxpayers
  • Tax Planning Tips and Strategies
  • Responding to the IRS
  • Part-year Resident State Tax Preparation Principles
  • Nonresident Alien Returns – Form 1040NR

All necessary materials are included.

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