18 Hour Course
Approved By: Internal Revenue Service (IRS)
In this course, students will receive a comprehensive refresher course to prepare for the upcoming tax season.
The course will begin by covering federal tax topics, such as what types of income must be declared as gross income. We’ll address some unusual situations, such as tipped professions, uneven distribution of income through the year, and income from investments and businesses.
Then, we’ll talk about some adjustments that clients may need to make to their income. These include adjustments for education-related tax breaks, as well as some of the tax benefits afforded by retirement accounts like IRAs, 401(k)s, and more.
After that, we’ll address additional schedules that you may need to use in client returns. We’ll look at the most commonly used schedules, including Schedule C, F, J, and SE.
Amended returns will also be covered. We’ll talk about the reasons a taxpayer may amend a return, the timelines for doing so, and other important information to know for amended returns.
After that, we’ll discuss ethics, as they apply to the work of tax preparation. We’ll talk about what ethics are, and why they’re so important. We’ll also review the IRS Taxpayer Bill of Rights.
Finally, we’ll include the 6-hour AFTR course, which focuses primarily on the changes to the tax code put into place by the Tax Cuts and Jobs Act. This includes the suspension of the personal exemption, increased standard deduction, increased child credits, and more.
Each of these sections will be accompanied by a quiz to help ensure that students have retained the course material.