Comprehensive Tax Preparer Training

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 2001 and now teaches tax education to students nationwide and beyond.

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

Comprehensive Income Tax Course

CE Credit Hours: 60

Term: 6 months

This course will enable you to prepare individual tax returns for the general public, including individual taxpayers who operate sole-proprietor businesses or own rental property. At the completion of the course, you will be able to complete most individual non-business and small business (self-employed/Schedule C) tax returns and research tax issues. This course also provides the educational foundation necessary to successfully pass the IRS Competency Exam.

Topics

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
Farm Income

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

Materials

You can take the online course without a book, but one is available with purchase. The hard copy of The Comprehensive Tax Course Manual makes it easy for participants to read assignments offline. These materials become a great reference once a tax course is completed. You will receive a Certificate of Achievement upon successful completion of the course.

Course Structure

Participants can proceed through each topic at their own pace, taking the open book exam when they are ready. Instructors are available for support, as well as discussion boards with other students.

Upon successful completion of this course, you will be able to:

Prepare most business and nonbusiness individual tax returns
Pass the IRS Competency Exam
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

Cost: $499 course without book; $548 course with printed textbook.

Modified: September 15, 2011