I. Individual Income Tax Preparation
a. Basic Income Tax Course
i. Electronic Filing
ii. W-2 & 1099 Forms
iii. Form 1040 (1040 EZ/A)
iv. Interview Techniques
v. Filing Requirements
vi. Filing Status
vii. Exemptions & Dependents
viii. Earned Income Tax Credit
ix. Due Diligence
x. Child Care & Tax Credits
xi. Interest & Dividends
xii. Other Income
xiii. Adjustments to Income
xiv. Moving Expenses
xv. Itemized Deductions
b. Intermediate Income Tax Course
i. Employee Business Expenses
ii. Sale of Real Estate
iii. Depreciation: MACRS & ACRS
iv. Self-Employment
v. Filing Requirements
vi. Rental Property
vii. Capital Gains & Losses
viii. Education Expenses & Plans
ix. Education Tax Benefits
x. IRAs & Retirements Plans
xi. Ethics
xii. Kiddie Tax
xiii. Taxpayer Relief Act of 1977
xiv. Tax Saving Ideas
xv. Alternative Minimum Tax
xvi. Office-in-Home
xvii. Injured & Innocent Spouse
xviii. Penalties
xix. Extensions
xx. Amended Returns
c. Advanced Income Tax Course – Level I
i. Earned Income Credit
ii. Clergy
iii. Investments
iv. At Risk Rules
v. Passive Activities
vi. Injured/Innocent Spouse
vii. Tax/Special Credits
viii. COGS/Business Start-Up
ix. Depreciation
x. Amortization
xi. Section 179
xii. Employee Business Expense
xiii. Office in Home
xiv. Auto Expenses
xv. Self-Employment Tax
xvi. Statutory Employees
xvii. Capital Gains/Losses
xviii. Basis of Property
xix. Sale of Stock
xx. Installment Sales
xxi. Rental Properties
xxii. K-1s/1099s
xxiii. Sale of Business Property
xxiv. Estimated Taxes
xxv. Extensions
d. Advanced Income Tax Course – Level II
i. Amended Tax Returns for Individuals
ii. Special Needs and Concerns of Seniors
iii. Tax Issues for High Income Taxpayers
iv. Net Operating Losses
v. Schedule D - Special Issues
vi. Tax Issues for Divorced Taxpayers
vii. Tax Planning Tips and Strategies
viii. Responding to the IRS
ix. Part-year Resident State Tax Preparation Principles
x. Nonresident Alien Returns - Form 1040NR
II. Small Business Income Tax Preparation
a. Introduction to Small Business Tax Preparation
i. Business Types
ii. Accounting Methods
iii. Financial Statements
iv. Business Income
v. Schedule C
vi. COGS/Inventory
vii. Depreciation
viii. Section 179 Deduction
ix. Contractor vs. Employee
x. Sale of Business Property
xi. Partnerships
xii. Corporations - C, S, LLC
xiii. Employee Taxes
xiv. Excise Taxes
xv. Estate Taxes
xvi. Extensions
xvii. Estimates
xviii. Employee Benefits
xix. Retirement Plans
b. Small Business Income Tax Course – Level II
i. Understanding the Balance Sheet
ii. Partnership Issues
iii. Corporation Issues
iv. General Business Credits
v. Tax Issues Related to Buying a Business
vi. Sale or Liquidation of Business
vii. Profit or Loss From Farming - Schedule F
viii. Amended or Corrected Business Returns
ix. What to Do When You Owe the IRS?
x. Tax Preparation for Non-profits: 501(c)(3), 501(c)(4), 501(c)(6), etc.
Chartered Tax Professional
GES 219 -- 180 hours
Course Outline
I. Individual Income Tax Preparation
a. Basic Income Tax Course
i. Electronic Filing
ii. W-2 & 1099 Forms
iii. Form 1040 (1040 EZ/A)
iv. Interview Techniques
v. Filing Requirements
vi. Filing Status
vii. Exemptions & Dependents
viii. Earned Income Tax Credit
ix. Due Diligence
x. Child Care & Tax Credits
xi. Interest & Dividends
xii. Other Income
xiii. Adjustments to Income
xiv. Moving Expenses
xv. Itemized Deductions
b. Intermediate Income Tax Course
i. Employee Business Expenses
ii. Sale of Real Estate
iii. Depreciation: MACRS & ACRS
iv. Self-Employment
v. Filing Requirements
vi. Rental Property
vii. Capital Gains & Losses
viii. Education Expenses & Plans
ix. Education Tax Benefits
x. IRAs & Retirements Plans
xi. Ethics
xii. Kiddie Tax
xiii. Taxpayer Relief Act of 1977
xiv. Tax Saving Ideas
xv. Alternative Minimum Tax
xvi. Office-in-Home
xvii. Injured & Innocent Spouse
xviii. Penalties
xix. Extensions
xx. Amended Returns
c. Advanced Income Tax Course – Level I
i. Earned Income Credit
ii. Clergy
iii. Investments
iv. At Risk Rules
v. Passive Activities
vi. Injured/Innocent Spouse
vii. Tax/Special Credits
viii. COGS/Business Start-Up
ix. Depreciation
x. Amortization
xi. Section 179
xii. Employee Business Expense
xiii. Office in Home
xiv. Auto Expenses
xv. Self-Employment Tax
xvi. Statutory Employees
xvii. Capital Gains/Losses
xviii. Basis of Property
xix. Sale of Stock
xx. Installment Sales
xxi. Rental Properties
xxii. K-1s/1099s
xxiii. Sale of Business Property
xxiv. Estimated Taxes
xxv. Extensions
d. Advanced Income Tax Course – Level II
i. Amended Tax Returns for Individuals
ii. Special Needs and Concerns of Seniors
iii. Tax Issues for High Income Taxpayers
iv. Net Operating Losses
v. Schedule D - Special Issues
vi. Tax Issues for Divorced Taxpayers
vii. Tax Planning Tips and Strategies
viii. Responding to the IRS
ix. Part-year Resident State Tax Preparation Principles
x. Nonresident Alien Returns - Form 1040NR
II. Small Business Income Tax Preparation
a. Introduction to Small Business Tax Preparation
i. Business Types
ii. Accounting Methods
iii. Financial Statements
iv. Business Income
v. Schedule C
vi. COGS/Inventory
vii. Depreciation
viii. Section 179 Deduction
ix. Contractor vs. Employee
x. Sale of Business Property
xi. Partnerships
xii. Corporations - C, S, LLC
xiii. Employee Taxes
xiv. Excise Taxes
xv. Estate Taxes
xvi. Extensions
xvii. Estimates
xviii. Employee Benefits
xix. Retirement Plans
b. Small Business Income Tax Course – Level II
i. Understanding the Balance Sheet
ii. Partnership Issues
iii. Corporation Issues
iv. General Business Credits
v. Tax Issues Related to Buying a Business
vi. Sale or Liquidation of Business
vii. Profit or Loss From Farming - Schedule F
viii. Amended or Corrected Business Returns
ix. What to Do When You Owe the IRS?
x. Tax Preparation for Non-profits: 501(c)(3), 501(c)(4), 501(c)(6), etc.
