Basic Tax Preparation Course
This course covers basic tax concepts that enable you to complete Form 1040 and related documents.  Whether you want to become a paid tax preparer or just learn more about preparing your own federal individual income tax return, our Basic Tax Preparation course will provide you with the knowledge to
help accomplish your goals.
There are 26 sessions in the course, including a Mid-Term Review/ Exam and a Final Review/ Exam.  These progressive sessions, which follow the flow of Form 1040, include the following components designed to help you reinforce, validate, and better retain your newly-acquired knowledge:
  • Step-by-step illustrations that walk you through how to complete specific IRS forms and worksheets
  • Knowledge check exercises to help you determine how well you have grasped the content covered in the session
  • Homework exercises that provide you with the opportunity to apply your knowledge and help you reinforce each session’s content  
Topics in the Basic Tax Preparation course include:
  • Filing requirements and filing status
  • Exemptions and dependents
  • Income, such as employee compensation, interest, dividends, alimony, retirement distributions, unemployment compensation, Social Security benefits, and other income
  • Basis and depreciation
  • Self-employment
  • Capital gains and losses
  • Residential rental property
  • Adjustments to income, such as moving expenses, the IRA deduction, and education benefits
  • Standard deduction and itemized deductions
  • Tax from the Tax Table and other taxes
  • Credits, such as the Child and Dependent Care Credit, Education Credits, Saver’s Credit, Child Tax Credit, and Earned Income Tax Credit
  • Filing a return, including electronic filing, refund and payment options, estimated tax payments, and amended returns
Practices, procedures, and ethics
To register, simply follow the directions below:
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