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Course Description

Develop the skills needed to prepare tax returns for most Form 1040 individual, non-business taxpayers and small business taxpayers (self-employed/Schedule C) and learn how to research tax issues. This CTEC and OBTP-approved online course includes a tax business start-up guide.

Course Outline

Topics include:

  • General material
  • Standard deduction and exemptions
  • Income
  • Interest and dividend income
  • Earned income credit
  • Tax credits (child care and others)
  • Retirement income and other types of income
  • Adjustments to income
  • Electronic filing
  • Employee business expense and miscellaneous itemized deductions
  • Education tax benefits
  • Capital gains and losses
  • Depreciation and disposition of business property
  • Self-employment income
  • Rental property
  • Farm income
  • Alternative minimum tax, less common credits and penalties
  • Payments, extensions and amended returns
  • Ethics and responsibilities of tax professionals

Learner Outcomes

Upon completion, participants will be able to:

  • Prepare most business and non-business individual tax returns.
  • 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 income for Schedules C, E and F.
  • Determine depreciation deductions and eligibility for Section 179.
  • Accurately calculate a taxpayer's refund or balance due.
  • Advise a taxpayer in tax-planning strategies.

Notes

Participants will have six months to complete this course.

System Requirements:

Internet Connectivity Requirements:
  • Cable and DSL internet connections are recommended.
Hardware Requirements:
  • Minimum Pentium 400 Mhz CPU or G3 Macintosh. 1 GHz or greater CPU recommended.
  • 256MB RAM minimum. 1 GB RAM recommended.
  • 800x600 video resolution minimum. 1025x768 recommended.
  • Speakers/headphones to listen to Dialogue steaming audio sessions.
  • A microphone to speak in Dialogue streaming audio sessions.
Operating System Requirements:
  • Windows Vista, 7, 8, 8.1, 9, 10
  • Mac OSX 10 or higher.
  • OpenSUSE Linux 9.2 or higher.
Web Browser Requirements:
  • Google Chrome is recommended.
  • Firefox 13.x or greater.
  • Internet Explorer 6.x or greater.
  • Safari 3.2.2 or greater.
Software Requirements:
  • Adobe Flash Player 6 or greater.
  • Oracle Java 7 or greater.
  • Adobe Reader 7 or greater.
Web Browser Settings:
  • Accept cookies.
  • Disable pop-up blocker.
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Enroll Now - Select a section to enroll in

Section Title
Comprehensive Tax Course with Business Package Certificate (Online)
Type
Discussion/Lecture
Dates
Sep 05, 2018 to Jun 30, 2019
Contact Hours
60.0
Delivery Options
Course Fee(s)
Course Fee non-credit $965.00