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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 (Online)
Type
Online
Dates
Jul 01, 2019 to Jun 30, 2020
Contact Hours
60.0
Delivery Options
Course Fee(s)
Course Fee non-credit $965.00