The Professional Tax Preparer Certification (DL) course teaches you how to become a tax preparation specialist equipped to prepare federal income tax filings for individuals and businesses.
It also teaches you the current tax guidelines needed to prepare tax filings, plus it provides an overview of the documents, statements and other necessary filing materials.
Course Outline:
MODULE 1:
Establishing the Tax Foundation covers the process of completing page one of the 1040 Form. This includes a complete discussion of the various forms of taxable and non-taxable income along with the income adjustments required to calculate the adjusted gross income, or AGI.
- Getting Started
- Wages, Salaries & Tips
- Schedule B – Interest/Dividend Income
- Schedules C-EZ & F – Self-employment and Farm Income
- Schedule D – Capital Gain and Loss
- Retirement Income
- Schedule E – Rental, Royalty, Partnership & S Corp Income
- Other Types of Income
- Occupational Adjustments
- Personal Adjustments
MODULE 2:
Becoming the 1040 Expert includes training on the remainder of the 1040 Form and describes the meaning of various lines on page two. The student also learns how to calculate itemized deductions, tax credits, and additional taxes. Upon completion of Modules 1 and 2, the student will be proficient in preparing personal tax returns.
- Standard and Itemized Deduction
- Taxable Income
- Income Tax Calculation
- Additional Taxes
- Credits
- Submit 1040 Form
MODULE 3:
Profitable Business Returns covers tax preparation in the field of business returns. This includes Schedule C for Proprietorships, Form 1065 for Partnerships, Form 1120 for C Corporations, and Form 1120S for S Corporations. It teaches how to differentiate between the forms and how to become an expert in the field of business tax returns.
- Business Entities
- Tax Elements in Accounting
- Financial Components
- Dispositions of Business Property
- Schedule C
- Form 1065
- Form 1120
- Form 1120-S
MODULE 4:
Building Your Successful Tax Practice will prepare you to start your own contract tax preparation service. You will learn what equipment and software is needed, effective and inexpensive marketing techniques, competitive pricing strategies, and key tactics that will maximize your potential for success.
- Getting Started Right
- Effective Marketing
- Comfortable Interviewing Techniques
- Profitable Fee Calculations
- Always the Expert Tax Preparer
