Comprehensive Tax Preparer Training

Peoples Tax Logo The University of Illinois Tax School is pleased to partner with The Income Tax School (ITS), a division of Peoples Income Tax, to provide our customers with an online solution for comprehensive tax training.

Originally founded in 1989 to meet the tax training needs of Peoples Tax, ITS launched its online tax school in 2003 and now teaches tax education to students nationwide and beyond.

Comprehensive Tax Course with Career Package (60 CPE credits)

The ITS comprehensive tax training course will enable you to quickly embark on a rewarding, flexible, and dependable career in just weeks!

Register Now!
(link will open a registration page
on the Income Tax School web site)

Tax Pro Career Package Includes

  • Comprehensive Tax Course
  • Bonus Student PDF Flip Book (optional hard copy available for fee)
  • Bonus Practice Questions — Available Upon Completion of Tax Course
  • Certificate of Completion
  • 50% Off Following Year's 15-Hour CE Package (Ethics and Tax Law Updates Available)
  • Free Academic Support (Instructor Support Provided by Email)

Course Description

Upon successful completion of this course, you 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

Course Materials/Resources

  • Comprehensive Tax Course Manual, by The Income Tax School (online text included, optional hard copy available)
  • Federal income tax reference material
  • Automatic grading with instructional feedback
  • Student forum and career center
  • Certificate of Achievement upon completion
  • Instructor support from veteran tax preparers

Teaching Method

Online — Study 24/7/365 anywhere with an Internet connection

Availability

Our current courses are based on last year's tax law because this year's tax code is not finalized until December. We provide all students with a free Tax Law Update once the IRS issues updates.

Term

6 months from date of registration

CE Credit Eligibility

60 hours of CE Credit

Topics Included

  • Electronic Filing
  • W-2 & 1099 Forms
  • Form 1040 (1040 EZ/A)
  • Interview Techniques
  • Filing Requirements
  • Filing Status
  • Exemptions & Dependents
  • Earned Income Tax Credit
  • Due Diligence
  • Child Care & Tax Credits
  • Interest & Dividends
  • Other Income
  • Adjustments to Income
  • Itemized Deductions
  • Employee Business Expenses
  • Sale of Real Estate
  • Depreciation
  • Self-Employment
  • Rental Property
  • Capital Gains & Losses
  • Alternative Minimum Tax
  • Education Expenses & Plans
  • IRAs & Retirements Plans
  • Ethics
  • Kiddie Tax
  • Tax Saving Ideas

Register Now!
(link will open a registration page
on the Income Tax School web site)

Prices

  • $397 without book
  • $469 with printed textbook

Tax Law Updates CE Seminar (3 CPE credits)

With this seminar you will gain an understanding of new or changed tax laws.

Register Now!
(link will open a registration page
on the Income Tax School web site)

Learning Objectives

  • Gain an understanding of new or changed tax laws
  • Learn to determine if a new or changed tax law affects your taxpayer(s)
  • Understand how to apply these new or changes tax laws

Course Materials/Resources

  • Online seminar material by The Income Tax School
  • Online federal income tax reference material
  • Automatic grading with instructional feedback
  • Student form for interaction with instructors and other students
  • Certificate of Achievement upon completion of each course
  • Instructor support from veteran tax preparers

Teaching Method

Online — Study 24/7/365 anywhere with an Internet connection

Availability

Our current courses are based on last year's tax law because this year's tax code is not finalized until December. We provide all students with a free Tax Law Update once the IRS issues updates.

Term

1 month from date of registration

CE Credit Eligibility

3 hours of CE Credit

Prices

  • $39

Ethics and Responsibilities of Tax Professionals CE Seminar (3 ethics CPE credits)

Upon completion of this course you will be able to describe professional responsibilities in tax return preparation, determine the actions necessary to maintain client confidentiality and identify the requirements to practice before the IRS. This seminar qualifies for EA CE.

Register Now!
(link will open a registration page
on the Income Tax School web site)

Learning Objectives

  • Be able to describe professional responsibilities in tax return preparation
  • Learn the actions necessary to maintain client confidentiality
  • Understand the requirements to practice before the IRS
  • Publication 470 and Circular 230 are covered
  • Practice scenarios included to provide situations and possible practical resolutions

Course Materials/Resources

  • Online seminar material by The Income Tax School
  • Online federal income tax reference material
  • Automatic grading with instructional feedback
  • Student form for interaction with instructors and other students
  • Certificate of Achievement upon completion of each course
  • Instructor support from veteran tax preparers

Teaching Method

Online — Study 24/7/365 anywhere with an Internet connection

Availability

Our current courses are based on last year's tax law because this year's tax code is not finalized until December. We provide all students with a free Tax Law Update once the IRS issues updates.

Term

1 month from date of registration

CE Credit Eligibility

3 hours of CE Credit

Price

  • $39

6-Hour Annual Federal Tax Refresher (AFTR) Course

Course Description

Register Now!
(link will open a registration page
on the Income Tax School web site)

  • 6 hour course
  • Plus, 100 question comprehension test (3-hr timed test)
  • Prior tax preparation experience/knowledge is required

Course Materials/Resources

  • Online Text by The Income Tax School
  • Federal income tax reference material
  • Automatic grading with instructional feedback
  • Student forum and career center
  • Certificate of Achievement upon completion
  • IRS notified upon successful completion of the course/test
  • Instructor support from veteran tax preparers

AFTR Course Topics Include

  • New Tax Law Updates/Most Recent Updates Available*
    • Highlights include:
      • Inflation Adjustments
      • IRS Rollover Per Year Limit
      • Status of Extender Tax Provisions (expired as of 12/31/2014)
      • Review of Tax Return Due Dates, Including Extensions
  • General Review
    • Highlights include:
      • Filing Status
      • Tax Related Identity Theft
      • Dependency Exemptions
      • Income
      • Schedule B, Part III, Foreign Accounts and Trusts
      • Taxable Refunds, Credits or Offsets of State and Local Taxes
      • Unemployment Compensation
      • Self-Employment Income (Schedule C) and Expenses
      • Taxable Social Security Benefits
      • IRAs, Pensions, Annuities and Penalties for Early Withdrawals
      • Schedule D and Form 8949, Capital Gains and Losses
      • Credits
      • Credits Related to Qualified Child(ren), EIC, Child Tax and Additional Child Tax
      • ACA Provisions
      • Adjustments to Income
      • Itemized and Standard Deductions
      • Payment and Refund Options
      • Withholdings and Estimated Tax Payments
  • Ethics, Practices and Procedures
    • Highlights include:
      • Requirement:
        • To Furnish the Taxpayer with a Copy of a Return and Related Penalty for Not Doing So
        • For Signing the Return as a Return Preparer and Related Penalty for Not Doing So
        • To Furnish Identifying Number as Return Preparer and the Related Penalty for Not Doing So
        • To Retain a Copy of the Return or List and Related Penalty for Not Doing So
      • Due Diligence (Form 8867 and EIC worksheets)
      • E-file Compliance Procedures
      • Penalties for Negligent or Intentional Disregard of Rules and Regulations and for Willful Understatement of Liability
      • Adherence to Duties and Restrictions Found in Sup-part B and Section 10.51 of Circular 230.

* New tax laws enacted, provision changes or updates that occur after publication of this course will be included in the TAX LAW UPDATE provided in December of 2014.

Teaching Method

Online - Study 24/7/365 anywhere with an Internet connection

Availability

Our current courses are based on last year's tax law because this year's tax code is not finalized until December. We provide all students with a free Tax Law Update once the IRS issues updates.

Register Now!
(link will open a registration page
on the Income Tax School web site)

Term

Must be completed with a passing score by 12/31 each year for it to be accepted by the IRS.

CE Credit Eligibility

6 hours of CE Credit

Price

$49

Other Online Continuing Education Modules

Amazing Savings on CE Seminars

  • Choose 5 CE Seminars for $69.97, a Savings of $79!
  • You can't afford not to get your CE here

Top 10 online CE Courses offered by The Income Tax School

Register Now!
(link will open a registration page
on the Income Tax School web site)

  • Amended Tax Returns for Individuals — Explore amended returns. Covered topics will include common reasons for amendments, statute of limitation when claiming a refund, 1040X preparation, fees for amended returns, and state income tax return amendments.
  • C Corporations — Learn the advantages and disadvantages of selecting C-corporation as the form of business entity. Learn to value inventory. Understand the various forms of stock a corporation may issue. Plus much more.
  • Earned Income Tax Credit — o Get the most up-to-date information on the Earned Income Tax Credit. Learn about requirements, qualifying children, rules for foster children, and so much more!
  • Employee Business Expenses — Learn which employee business expenses are deductible, when they are allowed, understand employer reimbursements, accountable and non-accountable plans, and so much more!
  • Employment Taxes — Explore employment taxes and withholding issues for independent contractors and statutory employees. Review earned income tax credit. Form 941, Form 940, and tax deposits will be introduced.
  • Ethics and Responsibilities of Tax Professionals — Upon completion of this course you will be able to describe professional responsibilities in tax return preparation, determine the actions necessary to maintain client confidentiality and identify the requirements to practice before the IRS.
  • Partnerships — Learn about developing a partnership, advantages and disadvantages of becoming one, maintaining records and how partners pay taxes on their share of income.
  • Rental Property (6 hour seminar) — Learn what constitutes rental property, what expenses are deductible, and how to handle sales of rental property.
  • Responding to the IRS — Given the choice most taxpayers would rather not deal directly with the IRS. This is where you step in with the knowledge you will gain to assist your taxpayer. Learn how to handle IRS letters which request information or explanations. Gain knowledge in handling audit issues and complex collection issues. Learn about offers-in compromise.
  • Retirement Plans —Learn the different types of retirement plans, and the tax treatment of distributions received.
  • Tax Law Updates — With this seminar you will gain an understanding of new or changed tax laws.

Last updated 2/26/2015 8:05:17 AM