California 20 Hour Tax Preparer Continuing Education Course


20 Hour Course

Course ID: 6258-CE-0005

Approved By: CTEC

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Add to Cart (877) 724-6150

This course will satisfy the required 20 hours of Continuing Education for California Tax Preparers, and will cover the required topics of ethics, federal updates, federal tax law, and California-specific tax law.

In our Ethics class, we’ll cover terms that will be used when referencing ethics, ethical duties of tax preparers, unethical tax actions and their consequences, and what a sample code of professional responsibility for tax preparers looks like.

Our Federal Filing Requirements and Dates class will cover the basic guidelines and requirements for completing a compliant tax return. The topics start with the basics of preparing a tax return, who must file and different filing statuses, as well as what forms and electronic filing options are available, alternative filing deadlines and extensions, and refunds and penalties.

In our 10-hour class, we’ll cover the federal tax topics of credits, adjustments to income, and schedules C, F, J and SE. Credits are offered for a number of different things, including dependent family members, work-related expenses, qualifying elderly or disabled persons, and more. We’ll talk about who qualifies for these, and how to calculate them. Income adjustments that we will examine include contributions to retirement accounts, as well as penalties for early withdrawal and failing to take required distributions. We’ll also discuss changes to the treatment of alimony funds, and who these changes apply to. Then, we’ll move on to who should use Schedules C, F, J, and SE, and discuss some of the situations that they cover. 

Our final class will specifically address California tax law. We will start with an overview of the federal tax changes which will affect 2018 tax returns, and look at how California does or does not conform to them. 

Then, we’ll move on the basic tax forms that taxpayers will use with most of their clients, Forms 540, 540EZ, 540NR and Schedule 540NR for adjustments to a part-year or nonresident return. After that we’ll spend some time discussing the credits available to California taxpayers, including updates on credits which have been repealed or expired.

Military tax benefits will also be addressed. We’ll cover the special tax treatment that service members domiciled in California may receive under the Military Spouses Residency Relief Act, The Military Family Tax Relief Act of 2003, Heroes Earnings Assistance and Relief Tax Act, and more.

After that, we’ll turn to the estimated taxes that many self-employed and small businesses must pay. We’ll discuss the topics on Form 540-ES, as well as options that exist for paying estimated taxes, such as annualizing income.

The next section of the course will cover real estate withholding and taxes. We’ll look at Form 593, Real Estate Withholding, and 593-E, which is used to calculate the gain or loss on a real estate transaction. We’ll also practice how to calculate capital gains and the determine the amount of gain that will be taxed.

Next, we’ll move into the are a of tax-favored plans, such as IRAs, Roth IRAs, 401(k)s, and more. While the majority of these tax-favored plans are retirement-focused, we’ll also cover some health and education plans that are eligible for favorable tax treatment. 

Then, we’ll move into a discussion of the tax law surrounding a fascinating emerging market: cannabis. We’ll discuss the taxes that apply to cultivators, manufacturers, distributors, and retailers of cannabis products, and we’ll practice calculating them.

As we near the end of our course, we’ll review some landmark cases in California tax law. These cases addressed complicated issues of residency, independent contracting versus employment, and taxes on out-of state businesses. Understanding these decisions is crucial to knowing how to advise clients in “borderline” situations.

We’ll conclude the course by reviewing the Franchise Tax Board’s list of top tax mistakes that are made, to help tax preparers be on the lookout for the most likely errors on client returns.

  • Ethics
    • Ethics for Tax Preparers [11 Activities]
      • 01. Introduction to Ethics for Tax Preparers
      • 02. Learning Objectives
      • 03. Legal Language
      • 04. What is Ethics?
      • 05. Ethical Concepts and Terminology
      • 06. Why Ethics Matter
      • 07. Ethical Duties
      • 08. The Ethics of Claiming "Frivolous" Anti-tax Arguments
      • View Additional Activities
        • 09. IRS: Taxpayer Bill of Rights
        • 10. Professional Trade Organization Codes of Conduct
        • 11. Conclusion
    • Ethics Exam (10 questions)
  • Federal Updates
    • Federal Filing Requirements and Dates [18 Activities]
      • 01. Being a Tax Preparer: Federal Filing Requirements/Federal Filing Dates (Video)
      • 02. Filing Information
      • 03. Who Needs to File
      • 04. Selecting the Right Form
      • 05. Electronic Filing
      • 06. Extensions
      • 07. Income, Expenses, Refunds, and More (Video)
      • 08. Reporting Income and Expenses
      • View Additional Activities
        • 09. Social Security Numbers
        • 10. Signatures
        • 11. Refunds
        • 12. Amounts Owed
        • 13. Post-Filing and Recordkeeping
        • 14. Mistakes on Returns
        • 15. Penalties
        • 16. Identity Theft
        • 17. Additional Information
        • 18. Conclusion (Video)
    • Federal Updates Exam (15 questions)
  • Federal Tax Law
    • Credits [28 Activities]
      • 01. Being a Tax Preparer: Introduction to Credits (Video)
      • 02. How to Figure Taxes
      • 03. Tax on Unearned Income of Certain Children
      • 04. Tax for Certain Children Who Have Unearned Income, Part 2
      • 05. Child and Dependent Care Credit
      • 06. Work-Related Expenses
      • 07. Work-Related Expenses, Part 2
      • 08. Work-Related Expenses, Part 3
      • View Additional Activities
        • 09. Credit for Elderly or Disabled
        • 10. Child Tax Credits
        • 11. Education Credits
        • 12. Qualified Education Expenses
        • 13. Tax Preparer: Introduction to the Earned Income Credit (Video)
        • 14. Earned Income Credit (EIC), Rule 1
        • 15. Earned Income Credit (EIC), Rules 2-6
        • 16. Earned Income Credit (EIC), Rule 7
        • 17. Earned Income Credit (EIC), Rule 8
        • 18. Earned Income Credit (EIC), Rule 9
        • 19. Earned Income Credit, Rule 9, Part 2
        • 20. Earned Income Credit (EIC), Part C
        • 21. Earned Income Credit, Part C
        • 22. Premium Tax Credit (PTC)
        • 23. Premium Tax Credit (PTC), Part 2
        • 24. Other Credits
        • 25. Other Credits, Part 2
        • 26. Other Credits, Part 3
        • 27. Refundable Credits
        • 28. Conclusion (Video)
    • Adjustments to Income [13 Activities]
      • 01. Being a Tax Preparer: Introduction to Adjustments to Income (Video)
      • 02. Individual Retirement Arrangements (IRAs)
      • 03. Individual Retirement Arrangements (IRAs), Part 2
      • 04. Individual Retirement Arrangements (IRAs), Part 3
      • 05. Individual Retirement Arrangements (IRAs), Part 4
      • 06. Individual Retirement Arrangements (IRAs), Part 5
      • 07. Individual Retirement Arrangements (IRAs), Part 6
      • 08. Introduction to Roth IRAs and Alimony (Video)
      • View Additional Activities
        • 09. Roth Individual Retirement Arrangements (IRAs)
        • 10. Alimony
        • 11. Alimony, Part 2
        • 12. Education-Related Adjustments
        • 13. Education-Related Adjustments, Part 2
    • Schedules C, F, J and SE [11 Activities]
      • 01. Additional Tax Schedules (Video)
      • 02. What are Schedules?
      • 03. Schedule C
      • 04. Schedule C, part 2
      • 05. Schedule C, part 3
      • 06. Schedule C, part 4
      • 07. Schedule F
      • 08. Schedule F, part 2
      • View Additional Activities
        • 09. Schedule J
        • 10. Schedule SE
        • 11. Conclusion (Video)
    • Federal Tax Law Exam (50 questions)
  • California Tax Law
    • 2018 California Tax Returns [21 Activities]
      • 01. California Taxation Law and Forms (Transcript)
      • 02. TCJA: Impact on California Taxes
      • 03. TCJA: Impact on California Business Taxes
      • 04. TCJA: New Federal Laws
      • 05. Form 540 and 540EZ: California Residents
      • 06. Form 540NR: California Nonresident or Part-Year Resident Income Tax Return
      • 07. Schedule 540NR: Adjustments For CA Nonresidents or Part-Year Residents
      • 08. Schedule 540NR Adjustments: Income and Loss
      • View Additional Activities
        • 09. Credits Available to California Residents
        • 10. Credits: E- M
        • 11. Credits: N - Z
        • 12. Military Personnel and Tax Benefits
        • 13. Estimated Tax for Individuals (540-ES Form)
        • 14. Real Estate Withholding (Form 593)
        • 15. Real Estate Withholding: Gain or Loss (Form 593-E)
        • 16. Additional Taxes on Qualified Plans (and Other Tax-Favored Accounts)
        • 17. California Cannabis Tax Law
        • 18. Cannabis Tax Law: Other Topics
        • 19. California Tax Law: Case Law
        • 20. Top Tax Mistakes, According to the California Franchise Tax Board
        • 21. Conclusion (Transcript)
    • CA Tax Law Final Exam (25 questions)
  • Course Completion
    • Mandatory Questionnaire
    • Certificate of Completion

Instructor Bio

jeremy allen cpa instructor atyourpaceonline
Jeremy Allen, CPA, was born and raised in Chicago, Illinois. He graduated with a Bachelor's of Science in Accounting from the University of Oregon Charles H. Lundquist College Of Business. He has been a licensed CPA in the state of Oregon since 2007. He specializes in Corporate Taxation and Planning. He enjoys working with start-up businesses, online businesses, and multi-state entities. He is an avid member of Crossfit Grants Pass. In his free time he enjoys traveling and camping with his family. Go Ducks!

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