TAX
ACADEMY
Learn to file taxes like the pros
& earn income as a tax preparer!
Work at your own pace
under the guidance of one of the Tri-State's Best CPAs -Â
Al-Nesha Jones, CPA, MBA (Firm Founder of ASE Group)
You need NO PREVIOUS KNOWLEDGE of taxes or accounting to start and excel in this course!
​
Our Comprehensive Tax Course will teach you
the tools to start preparing most individual tax returns. Upon completion of this course,
you will have the knowledge to
start making money as a tax preparer.
WHAT'S INCLUDED IN THE COURSE?
4 Modules comprised of
4 chapters each
​​
Reading and Reference Materials
Learning Activities
Real world examples
and applications
Quizzes and Tests
Instructor Support by Email
Automatic online grading
with feedback
​​
PDF downloads
for reading materials
Free Tax Law Updates as they become available
Upon purchase, you will receive login credentials within 1 business day and may start your course right away. You can work at your own pace and access the course content at any time. You will have 6 months from your purchase date to complete the course, though many students finish much earlier.
Upon successful completion of this course, you will be qualified to:
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Prepare most individual tax returns, including Schedules C, D, and E;
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Perform a thorough interview with a taxpayer
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Determine a taxpayer’s filing status and eligibility for exemptions
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Accurately report income and deductions for a taxpayer
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Determine a taxpayer’s eligibility for credits and deductions
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Compute depreciation for assets and eligibility for Section 179
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Accurately calculate a taxpayer’s refund or balance due
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Advise a taxpayer in tax planning strategies
ASE Tax Academy will report all credit hours and completed certificates to the IRS. Students will also earn a Certificate of Completion that will be sent via email.
Course Topics
& Learning Objectives
Module 1 - 12 hours Federal Tax Law
CHAPTER 1:
General Overview
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Who should file a return?
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Filing Requirements for Most Taxpayers
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Dependent Filing Requirements
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Tax Cuts and Jobs Act of 2017
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Which Schedule(s) Should Be Used?
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Understanding Form 1040SR
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Filing the Tax Return and Making Payments
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Accounting Periods and Methods
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Social Security Number (SSN) or Individual Taxpayer Number (ITIN)
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Filing Status
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Resident and Nonresident Aliens
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The Path Act
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Understanding W-2 Forms
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Paid Preparer Requirements
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Get Started Preparing a Return
CHAPTER 2:
Standard Deductions and Exemptions
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Standard Deductions
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Exemptions, Dependents, & Who Can Claim Them
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Qualifying Child or Qualifying Relative?
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Determination of Support
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Filing a Tax Return for a Decedent
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Tax Withholding and Estimated Payments
CHAPTER 3:
Income
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Employee Compensation
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Business Income
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Alimony Payments Received
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Other Types of Income
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Community Property
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Taxable and Nontaxable Income
CHAPTER 4:
Income
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Types of Interest Income
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Taxable and Nontaxable Interest
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Tax Reporting of Interest Income
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Dividend Income
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Kiddie Tax
Module 2 - 12 hours Federal Tax Law
Module 3 - 12 hours Federal Tax Law
Module 4 - 12 hours Federal Tax Law
(7 – Federal Tax Matters, 3 – Tax Law Updates, 2 – Ethics)
Total hours of CE awarded: 48 CE hours
CHAPTER 1:
General Overview
-
Who should file a return?
-
Filing Requirements for Most Taxpayers
-
Dependent Filing Requirements
-
Tax Cuts and Jobs Act of 2017
-
Which Schedule(s) Should Be Used?
-
Understanding Form 1040SR
-
Filing the Tax Return and Making Payments
-
Accounting Periods and Methods
-
Social Security Number (SSN) or Individual Taxpayer Number (ITIN)
-
Filing Status
-
Resident and Nonresident Aliens
-
The Path Act
-
Understanding W-2 Forms
-
Paid Preparer Requirements
-
Get Started Preparing a Return
CHAPTER 2:
Standard Deductions and Exemptions
-
Standard Deductions
-
Exemptions, Dependents, & Who Can Claim Them
-
Qualifying Child or Qualifying Relative?
-
Determination of Support
-
Filing a Tax Return for a Decedent
-
Tax Withholding and Estimated Payments
CHAPTER 3:
Income
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Employee Compensation
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Business Income
-
Alimony Payments Received
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Other Types of Income
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Community Property
-
Taxable and Nontaxable Income
CHAPTER 4:
Income
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Types of Interest Income
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Taxable and Nontaxable Interest
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Tax Reporting of Interest Income
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Dividend Income
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Kiddie Tax
CHAPTER 5:
Earned Income Credit
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Earned Income Credit (EIC)
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Earned Income for EIC
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Eligibility Rules for EIC
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Additional Rules for Taxpayer with Qualifying Child
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EIC for Taxpayers Without Qualifying Children
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Schedule EIC and Worksheets
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IRS Disallowance of EIC
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IRS Due Diligence Requirements
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Special Rules for Certain Taxpayers
CHAPTER 6:
Tax Credits
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Child Tax Credit (CTC), Credit for Other Dependents (ODC), and Additional Child Tax Credit (ACTC)
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Credit for Child and Dependent Care Expenses
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Credit for the Elderly or the Disabled
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Adoption Credit
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Education Credits
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Paid Preparer’s Due Diligence
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Less Common Credits
CHAPTER 7:
Retirement Income & Other Types of Income
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Retirement Income
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Pensions and Annuities
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Specific Types of Pension Plans
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Government Retirement Benefit Programs
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Where to Report Various Types of Income
CHAPTER 8:
Adjustments to Income
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Employment-Related Adjustments
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Business-Related Adjustments
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Retirement-Related Deductions
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Adjustments Related to Education Expenses
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Adjustments Related to Individual Taxpayers
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Other Less Common Adjustments - Line 22
CHAPTER 9:
Itemized Deductions
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Itemized Deductions or Standard Deduction
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Medical Expenses
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Deductible Taxes
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Deductible Interest Paid
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Deductible Charitable Contributions
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Other Deductions and Limitations
CHAPTER 10:
Filing Tax Returns
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Rules and Regulations for Electronic Filing
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Receiving Refunds Through Electronic Filing
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Warning Signs of Taxpayer Fraud
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Requirements for Signing an Electronic Tax Return
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Correcting a Rejected Electronic Tax Return
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Filing an Amended Return
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Extension of Time to File & Installment Agreements
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Civil and Criminal Penalties
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Injured Spouse and Innocent Spouse
CHAPTER 11:
Capital Gains & Losses
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Capital Gains and Losses
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Capital Gain Distributions
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Reporting Capital Gains and Losses
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Basis of Property
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Gains on the Sale of a Personal Residence or Home
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Installment Sales
CHAPTER 12:
Depreciation and Disposition of Business Property
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Types of Property Eligible for Depreciation
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Depreciation Transaction Terminologies
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Depreciation Methods
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Section 179 Deduction and Special Deduction Allowance
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Reporting of Dispositions of Business Property
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Tangible Property Regulations/Safe Harbor
CHAPTER 13:
Self-Employment Income
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Sole Proprietorship
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Calculation of Gross Income
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Business Expenses
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Travel, Gift, Meal, and Entertainment Expenses
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Self-Employed Health Insurance and Retirement Plan Deduction
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Auto Expenses
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Home Office Deduction
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Calculation of Net Profit or (Loss)
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Other Taxes
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Qualified Business Income (QBI) Deduction
CHAPTER 14:
Rental Property
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Rental Income
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Rental Expenses
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Rental of Vacation Homes and Other Dwelling Units
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Limits on Rental and Passive Activity Losses
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Reporting of Rental Property Sales
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Reporting of Other Types of Income
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QBI Deduction for Rental Properties
CHAPTER 15:
Federal Tax Law Updates
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2019 Inflation Adjustments for Individual Provisions
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Above-the-Line (1040) Deduction Changes
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Qualified Business Income (QBI) Deduction Part One
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Qualified Business Income (QBI) Deduction Part Two
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Credits
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Itemized Deductions and Exclusions
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2019 Tax Law Changes
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Retirement Plan and IRA Updates
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Cost Recovery and Other Business Provisions
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Federal Tax Extenders
CHAPTER 16:
Ethics & Responsibilities of Tax Professionals
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Professional Responsibilities in Return Preparation
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Treasury Department Circular 230 Highlights
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AICPA Statements on Standards for Tax Services
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Preparer Regulations
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IRS Annual Filing Season Program and Identifying Exempt Preparers
AFFORDABLE PAYMENT OPTIONS
One-Time Payment or
Monthly Options Available
Best Value! Includes Weekly Live Q&A and Review Sessions with Your Instructor.
Angela Burgos
The course is very comprehensive; it is very helpful!! I didn’t know anything about tax preparation until after I took the online tax prep course. I’ve learned a lot! Highly Recommended!!
Chelsea Larison
This course is fantastic. It is a great way to get comfortable with everything related to a 1040 even with no prior experience or education on the subject. The course is broken into 4 modules and each have several chapters that go line by line through a 1040. The quizzes and scenarios where you are completing a 1040 on your own is extremely helpful, especially for someone like me who did not get an education in accounting. I would HIGHLY recommend this course to anyone wanting/ needing to learn how to prepare 1040’s. Very beneficial.
Davi Payne
I’m half way through the tax course and what a wonderful experience it has been! I have learned so much and they give you the tools to understand everything. Their customer support is top notch and an instructor always emails you back pretty quickly when you have a question! I strongly recommend paying for the books on the side. I did a lot of research before choosing this tax school and I am glad I chose them!