Streamline your tax return process and minimize stress with our expert-guided online courses. Whether you're a business owner or an individual taxpayer, our comprehensive curriculum is designed to demystify the complexities of tax returns. From understanding deductions and credits to optimizing your tax strategies, our courses provide the essential knowledge and practical insights you need to navigate the ever-changing tax landscape. Learn from experienced professionals, gain hands-on experience with tax software, and explore real-life case studies that will enhance your understanding of tax compliance. By joining our community of learners, you'll gain the skills and confidence to efficiently prepare and file your tax returns, maximizing your savings and minimizing errors. Get ready to take control of your tax obligations and achieve peace of mind with our expert guidance.
Our Tax Preparation Course is designed to give you the knowledge needed to fulfill IRS requirements and give you a basic understanding of tax law and practice to ensure you serve your clients with the highest quality.
The Introductory Tax Course covers short forms, Form 1040. The student will learn how the American Tax System began, how to interview the taxpayer to determine what filing status they should use and what tax credits the taxpayer may qualify for.
Deadline: LTP encourages you to complete this course by December 29th to allow time for reporting credits and any support. The IRS deadline to complete is December 31st*.
Deadline: LTP encourages you to complete this course by December 29th to allow time for reporting credits and any support. The IRS deadline to complete is December 31st*.
If taxpayers are unable to file their federal individual tax returns by the due date, he or she may be able to qualify for an automatic six-month extension of time to file. The taxpayer can either electronically file or mail Form 4868 to the IRS to file for the extension.
Electronic filing (also referred to as E-File and E-filing) is the process of submitting tax returns over the internet via properly certified tax software.
This session provides an overview of miscellaneous taxes from Form 1040 and reported on Schedule 2 that a taxpayer might be assessed.
When computing taxable income, personal expenses cannot be claimed as itemized deductions; however, tax rules do allow for some deductions that are essential for daily living.
This intermediate course will discuss the adjustment to income section on Form 1040. Adjustments are expenses that reduce the taxpayer’s total income.
This intermediate course examines how credits are divided into refundable and nonrefundable. Nonrefundable credits cannot be used to offset the recapture of any other credit or to offset taxes other than income tax.
The IRS has the authority to tax all income from whatever source is derived. This includes compensation for services, gains from dispositions of property, interest and dividends, rent and royalties, pensions and annuities, gambling winnings, and even illegal activities.
This intermediate course offers a review on who qualifies for the standard deduction, and what circumstances allow taxpayers to claim a higher standard deduction.
The tax preparer will learn how to collect taxpayer’s information needed to prepare an accurate tax return.
This course will cover tax preparer due diligence and penalties. When the taxpayer files a return with refundable credits the tax preparer needs to.
Prepare fewer tax returns and earn more money!.
Our Express Tax Course provides office staff training, allowing business owners to quickly train last-minute preparers to handle the deluge of clients coming through their doors right away.
Income received from the operation of a farm or from rental income from a farm is taxable. Farmers determine their taxable income from farming and related activities by using Schedule F.
Rental income is any payment received for the use or occupation of real estate or personal property. The payment that is received is taxable to the taxpayer and is generally reported on Schedule E. Each Schedule E can report three properties.
This course encompasses how the sole proprietor reports income. Sole proprietorship is the most popular business structure.
This course will cover the different types of depreciation. Depreciation is an income tax deduction that allows a taxpayer to recover the cost or other basis of certain property. It is an annual allowance for wear and tear, deterioration, or obsolescence of the property.
This intermediate course includes how to calculate a short-term and/or long-term gain or loss. The student will understand holding period and what is a capital asset.
The Instructor Guide is part of a complete Professional Training System that turns your office into a CE Training Center where you can train your employees your way, recruit high-quality employees to grow your business, and reduce your stress!.
This bundle is an awesome opportunity for you to learn more about different subjets. It will include 29 hours of Tax Law, 3 hours of federal tax updates, and 2 hours of ethics.
This bundle is an awesome opportunity for you to learn more about different subjets. It will include 29 hours of Tax Law, 3 hours of federal tax updates, and 2 hours of ethics.
