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Comprehensive Tax Course with Career Package (Online)

Corporate College
Training overview
Professional Course
60 hours

Course description

Comprehensive Tax Course with Career Package (Online)

Get the skills needed to prepare tax returns for most Form 1040 individual, non-business taxpayers and small business taxpayers (self-employed/Schedule C) and learn how to research tax issues. This online, self-paced course is CTEC and OBTP-approved. (6 months to complete course)

COVID-19 Update

In light of COVID-19, this provider is now delivering some or all of their courses online. Contact them for more information!

Training content

  • Chapter 1: General Material
  • Chapter 2: Standard Deduction and Exemptions
  • Chapter 3: Income
  • Chapter 4: Interest and Dividend Income
  • Chapter 5: Earned Income Credit
  • Chapter 6: Tax Credits — Child Care and Others
  • Chapter 7: Retirement Income and Other Types of Income
  • Chapter 8: Adjustments to Income
  • Chapter 9: Itemized Deductions
  • Chapter 10: Electronic Filing
  • Chapter 11: Employee Business Expense and Miscellaneous Itemized Deductions
  • Chapter 12: Education Tax Benefits
  • Chapter 13: Capital Gains and Losses
  • Chapter 14: Depreciation and Disposition of Business Property
  • Chapter 15: Self-Employment Income
  • Chapter 16: Rental Property
  • Chapter 17: Farm Income
  • Chapter 18: Alternative Minimum Tax, Less Common Credits and Penalties
  • Chapter 19: Payments, Extensions and Amended Returns
  • Chapter 20: Ethics and Responsibilities of Tax Professionals

Costs

The cost of this training course includes all course materials and a subject matter expert instructor.

Certification / Credits

Upon completion, participants will receive a Certificate of Completion with CEUs.

Learner Outcomes

Upon completion, participants will be able to:

  • Identify which filing status a taxpayer should use.
  • Understand how to calculate the standard deduction.
  • Identify various types of income such as employee compensation, fringe benefits, tips, alimony and other income.
  • Understand how to report dividend income and nontaxable distributions.
  • Define of earned income for Earned Income Credit.
  • Describe the qualification requirements for various tax credits (Child Tax Credit, Child Care Credit, Credit for the Elderly and Disabled, the Additional Child Tax Credit and Education Credits).
  • Understand requirements for Form 2441.
  • Identify Form 8863, Education Credits.
  • Recognize retirement income, including income from pensions, annuities, Social Security and equivalent retirement benefits.
  • Read Forms 1099-R and SSA-1099.
  • Understand various adjustments to income, including Individual Retirement Arrangements (IRAs—Traditional and Roth) and SIMPLE IRAs.
  • Determine whether standard or itemized deductions are most advantageous for the taxpayer.
  • Describe how to report casualties and thefts and how to complete Form 4684.
  • Describe the various methods for receiving a refund through electronic filing.
  • Differentiate between the Standard Mileage Rate and the Actual Auto Expense methods of tracking auto expenses.
  • Identify who can claim Education Tax Credits.
  • Define the terminology unique to Capital Gains and Losses.
  • Identify the capital gains tax rates.
  • Classify different types of property eligible for depreciation.
  • Differentiate between an independent contractor and statutory employee.
  • Compile and report rental income.
  • Emphasize the becoming an RTRP and maintaining a PTIN.
  • Determine which taxpayers are affected by Alternative Minimum Tax.
  • Describe how to file an amended return.
  • Identify the requirements to practice before the IRS.

About Cuyahoga Community College

Corporate College

Corporate College, a Division of Cuyahoga Community College

Founded in 2003, Corporate College offers Northeast Ohio businesses and individuals professional training and development, along with state-of-the-art meeting and conference space at Corporate College East in Warrensville Heights and Corporate College West in Westlake. Whether you are engaged with...


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Corporate College


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www.tri-c.edu


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