The Chartered Tax Professional (CTP) designation is the undisputed professional credential for persons who typically advise clients on income tax situations. After completing this comprehensive program, candidates will be prepared to handle almost any individual and small business income tax situation encountered. Candidates must successfully complete a series of five, computer-administered courses in income tax preparation. All courses are offered via the Internet and can be completed anywhere, anytime-24/7 – instructor support is included with each module. Each module consists of ten 3-hour lessons and can be completed in 5-10 weeks (one or two lessons per week). This package also includes a Guide to Start and Grow Your Own Successful Tax Business. This 289-page book is your go-to guide to getting started with a tax business today.
Courses included in this bundle:
- Comprehensive Tax Course (48 hours)
- Advanced I Tax Course (30 hours)
- Advanced II Tax Course (30 hours)
- Small Business I Tax Course (30 hours)
- Small Business II Income Tax Course (30 hours)
- Guide to Start and Grow Your Own Successful Tax Business
Course Outlines:
Comprehensive Tax Course
The Comprehensive Tax Course will teach you the tools to start preparing most individual tax returns. Upon completion of this course, you will have the knowledge to start making money as a tax preparer.
CE Hours for Standard Edition
- Module 1: 12 hours Federal Tax Law
- Module 2: 12 hours Federal Tax Law
- Module 3: 12 hours Federal Tax Law
- Module 4: 12 hours Federal Tax Law (7 – Federal Tax Matters, 3 – Tax Law Updates, 2 – Ethics)
Total hours of CE awarded: 48 CE hours
Topics Include:
- 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
- (CA Edition) Register with CTEC as a tax preparer, provided you obtain a PTIN and tax preparer bond. Learn more about CTEC requirements here.
All credit hours and completed certificates to the IRS and/or CTEC (for California preparers). Students will also earn a Certificate of Completion that will be sent via email.
Advanced I Tax Course
Prior tax preparation experience/knowledge is suggested for the Advanced I course. Students normally enroll in this course after completing the Comprehensive Tax Course and working at least one season as a tax preparer.
Topics Include:
- Affordable Care Act
- Employee Business Expenses
- Clergy
- Investments
- Schedule C (Part I)
- Schedule C (Part II)
- At-Risk Rules and Passive Activities
- Rental Property (Part I)
- Rental Property (Part II)
- Alternative Minimum Tax, Injured and Innocent Spouse, Less Common
- Credits, and Penalties
Advanced II Tax Course
Prior tax preparation experience/knowledge is suggested for the Advanced II course. Students normally enroll in this course after completing the Advanced I Course and working at least one season as a tax preparer.
Topics Include:
- Amended Returns
- Special Needs and Concerns for Seniors
- Tax Issues for High Income Taxpayers
- Net Operating Losses
- Schedule D – Special Issues
- Issues for Divorced and Separated Taxpayers
- Tax Planning, Savings Strategy, and Updates
- Responding to the IRS
- State Returns and Conformity to Federal Law
- Nonresident Alien Returns – Form 1040NR
Small Business I Tax Course
Prior tax preparation experience/knowledge is suggested for the Small Business I course. Students normally enroll in this course after completing the Comprehensive Tax Course and working at least one season as a tax preparer.
Topics Include
- Business Organization
- Understanding Financial Reporting
- Income, Expenses, and Basis
- Dispositions
- Sole Proprietorships
- Partnerships
- C Corporations
- S Corporations
- Employment Taxes
- Retirement Plans
Small Business II Tax Course
Prior tax preparation experience/knowledge is suggested for the Small Business II course. Students normally enroll in this course after completing the Small Business I Course and working at least one season as a tax preparer.
Topics Include:
- Partnership Issues (Part 1)
- Partnership Issues (Part 2)
- Corporation Issues (Part 1)
- Corporation Issues (Part 2)
- S-Corporations
- Form 990-EZ
- Fringe Benefits, Business Tax Credits, and Amended Returns
- Trusts – Form 1041
- Estates – Form 1041
- Tax Practitioner Regulations and Penalties and Security and
- Identity Theft
