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.

ITS has made its online products and continuing education seminars available to University of Illinois Tax School customers at discounted prices. Below are various products and services that are offered which we find beneficial for our customers.

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)

Tax School Customer Price

  • $397 (normally $499) course without book
  • $447 (normally $549) course with printed textbook

Comprehensive Tax Course with Business Start-Up Guides (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 Business Package Includes

  • Comprehensive Tax Course
  • Bonus Student PDF Flip Book (optional hard copy available for fee)
  • Bonus Guide to Starting a Tax Business and Getting Clients. Contents include:
    • Getting Started
    • Taking the Courses
    • Starting Your Own Business
    • Specifics for a Tax Business
    • How Do You Get Clients? (Includes sample marketing pieces)
    • Bootstrap Marketing Materials You'll Need
    • Meeting With Your Client
    • How to Price Your Services
    • Continuing Education
    • Client Retention
    • Becoming a Bricks and Mortar Business
  • Bonus Guide to Policies and Procedures for a Tax Business. Contents include:
    • Introduction
    • Company Philosophy
    • Personnel Policies
    • Tax Office Policies and Procedures
    • Tax Preparation Procedures
    • Processing Tax Returns
    • Client Folder Setup
  • Bonus Practice Questions — Available Upon Completion of Tax Course
  • Certificate of Completion Issued
  • 50% Off Following Year's 15-Hour CE Package (Ethics and Tax Law Updates Available)
  • Free Academic Support (Instructor Support Provided by Email)
  • Access to Low-cost Tax Preparation Software Options

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)

Tax School Customer Price

  • $497 (normally $599) course without book
  • $547 (normally $649) course 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

Tax School Customer Price

  • $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

Tax School Customer Price

  • $39

Other Online Continuing Education Modules

Amazing Savings on CE Seminars

  • Choose any 3 CE Seminars for $99, a Savings of $18!
  • Choose any 5 CE Seminars for $149, a Savings of $46!
  • 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.

Modified: July 23, 2013