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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 - 

Al-Nesha Jones, CPA, MBA (Firm Founder of ASE Group)

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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:

  •  Prepare most individual tax returns, including Schedules C, D, and E;

  • 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 depreciation for assets and eligibility for Section 179

  • Accurately calculate a taxpayer’s refund or balance due

  • 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

  • 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

  • Employee Compensation

  • Business Income

  • Alimony Payments Received

  • Other Types of Income

  • Community Property

  • Taxable and Nontaxable Income

CHAPTER 4:

Income

  • Types of Interest Income

  • Taxable and Nontaxable Interest

  • Tax Reporting of Interest Income

  • Dividend Income

  • 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

  • Employee Compensation

  • Business Income

  • Alimony Payments Received

  • Other Types of Income

  • Community Property

  • Taxable and Nontaxable Income

CHAPTER 4:

Income

  • Types of Interest Income

  • Taxable and Nontaxable Interest

  • Tax Reporting of Interest Income

  • Dividend Income

  • Kiddie Tax

CHAPTER 5:

Earned Income Credit

  • Earned Income Credit (EIC)

  • Earned Income for EIC

  • Eligibility Rules for EIC

  • Additional Rules for Taxpayer with Qualifying Child

  • EIC for Taxpayers Without Qualifying Children

  • Schedule EIC and Worksheets

  • IRS Disallowance of EIC

  • IRS Due Diligence Requirements

  • Special Rules for Certain Taxpayers

CHAPTER 6:

Tax Credits

  • Child Tax Credit (CTC), Credit for Other Dependents (ODC), and Additional Child Tax Credit (ACTC)

  • Credit for Child and Dependent Care Expenses

  • Credit for the Elderly or the Disabled

  • Adoption Credit

  • Education Credits

  • Paid Preparer’s Due Diligence

  • Less Common Credits

CHAPTER 7:

Retirement Income & Other Types of Income

  • Retirement Income

  • Pensions and Annuities

  • Specific Types of Pension Plans

  • Government Retirement Benefit Programs

  • Where to Report Various Types of Income

CHAPTER 8:

Adjustments to Income

  • Employment-Related Adjustments

  • Business-Related Adjustments

  • Retirement-Related Deductions

  • Adjustments Related to Education Expenses

  • Adjustments Related to Individual Taxpayers

  • Other Less Common Adjustments - Line 22

CHAPTER 9:

Itemized Deductions

  • Itemized Deductions or Standard Deduction

  • Medical Expenses

  • Deductible Taxes

  • Deductible Interest Paid

  • Deductible Charitable Contributions

  • Other Deductions and Limitations

CHAPTER 10:

Filing Tax Returns

  • Rules and Regulations for Electronic Filing

  • Receiving Refunds Through Electronic Filing

  • Warning Signs of Taxpayer Fraud

  • Requirements for Signing an Electronic Tax Return

  • Correcting a Rejected Electronic Tax Return

  • Filing an Amended Return

  • Extension of Time to File & Installment Agreements

  • Civil and Criminal Penalties

  • Injured Spouse and Innocent Spouse

CHAPTER 11:

Capital Gains & Losses

  • Capital Gains and Losses

  • Capital Gain Distributions

  • Reporting Capital Gains and Losses

  • Basis of Property

  • Gains on the Sale of a Personal Residence or Home

  • Installment Sales

CHAPTER 12:

Depreciation and Disposition of Business Property

  • Types of Property Eligible for Depreciation

  • Depreciation Transaction Terminologies

  • Depreciation Methods

  • Section 179 Deduction and Special Deduction Allowance

  • Reporting of Dispositions of Business Property

  • Tangible Property Regulations/Safe Harbor

CHAPTER 13:

Self-Employment Income

  • Sole Proprietorship

  • Calculation of Gross Income

  • Business Expenses

  • Travel, Gift, Meal, and Entertainment Expenses

  • Self-Employed Health Insurance and Retirement Plan Deduction

  • Auto Expenses

  • Home Office Deduction

  • Calculation of Net Profit or (Loss)

  • Other Taxes

  • Qualified Business Income (QBI) Deduction

CHAPTER 14:

Rental Property

  • Rental Income

  • Rental Expenses

  • Rental of Vacation Homes and Other Dwelling Units

  • Limits on Rental and Passive Activity Losses

  • Reporting of Rental Property Sales

  • Reporting of Other Types of Income

  • QBI Deduction for Rental Properties

CHAPTER 15:

Federal Tax Law Updates

  • 2019 Inflation Adjustments for Individual Provisions

  • Above-the-Line (1040) Deduction Changes

  • Qualified Business Income (QBI) Deduction Part One

  • Qualified Business Income (QBI) Deduction Part Two

  • Credits

  • Itemized Deductions and Exclusions

  • 2019 Tax Law Changes

  • Retirement Plan and IRA Updates

  • Cost Recovery and Other Business Provisions

  • Federal Tax Extenders

CHAPTER 16:

Ethics & Responsibilities of Tax Professionals

  • Professional Responsibilities in Return Preparation

  • Treasury Department Circular 230 Highlights

  • AICPA Statements on Standards for Tax Services

  • Preparer Regulations

  • IRS Annual Filing Season Program and Identifying Exempt Preparers

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AFFORDABLE PAYMENT OPTIONS

One-Time Payment or

Monthly Options Available

Best Value! Includes Weekly Live Q&A and Review Sessions with Your Instructor.