What You'll Learn
Choose online tax preparation courses wisely. At Ashworth College, we cover the subject in detail. Everything you learn in our online Tax Preparation course is designed to help you solve tax filing problems and succeed in the real world. For instance, you’ll gain a solid grasp of...
- Gross income and exclusions
- Business expenses and retirement
- Credits and special taxes
- The latest tax preparation procedures
Lesson 1: Opportunities in Tax Preparation
Lesson 2: Gross Income & Exclusions
An overview of the tax preparation profession; types of individual and business taxpayers; proper steps in completing tax returns; the Internal Revenue Code; filing status types; common tax forms and schedules; career opportunities.
Lesson 3: Business Expenses & Retirement Plans
The nature of gross income; interest and dividend income; alimony; awards, gifts, inheritances and scholarships; accident, life, and health insurance; meals and lodging; municipal bond interest; social security and employee fringe benefits; unemployment.
Lesson 4: Self-Employed & Employee Expenses
Rental income and expenses; passive loss limitations; bad debts; inventories; individual retirement accounts; Keogh plans; other retirement plans; rollovers; net operating losses.
Lesson 5: Itemized & Other Deductions
Classifying deductions; travel expenses; the home office; entertainment; gifts; education; dues, subscriptions, and publications; clothing and uniforms; Schedule C.
Lesson 6: Credits & Special Taxes
Medical expenses; calculating interest and taxes; contributions; casualty, theft, and hobby losses; other miscellaneous tax deductions.
Lesson 7: Accounting Periods, Methods & Depreciation
Earned income; credits for elderly and disabled care, child and dependent care, foreign tax, targeted jobs, and disabled access; the individual alternative minimum tax; unearned income of minor children; community property.
Lesson 8: Capital Gains & Losses
Accounting periods; accounting methods; depreciation; modified accelerated cost recovery system; when to claim an expense; listed property; limitation on depreciation of certain automobiles; intangibles; related parties.
Lesson 9: Withholdings, Estimated Tax Payments, & Payroll Taxes
Capital assets; holding period; calculating gain or loss; net capital; section 1231; casualty gains and losses; depreciation recapture; installment and personal residence sales; like-kind exchanges; involuntary conversions.
Lesson 10: Partnership Taxation
Methods of withholding taxes; making estimated tax payments; how the FICA and FUTA taxes work; understanding the federal tax deposit system; tax reporting requirements for employers; when to use self-employment tax.
Lesson 11: The Corporate Income Tax
The nature of partnership taxation; partnership formation; partnership income reporting; current distributions and guaranteed payments; tax years; transactions between partners and the partnership; limited liability companies; the at-risk rule.
Lesson 12: Tax Administration & Tax Planning
Corporate tax rates; capital gains and losses; special deductions and limitations; Schedule M-1; controlled groups; filing requirements and estimated tax; S corporations; corporate formation; accumulations; the alternative minimum tax.
The Internal Revenue Service; the audit process; interest and penalties; the statute of limitations; tax practitioners; electronic filing; the taxpayer bill of rights; understanding tax planning.
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What You Get
Tax preparation classes online are convenient and flexible. Start on your schedule, study at your own pace and get personal guidance as you need it. We’ve removed the obstacles so you can move ahead fast.
The online Tax Preparation course combines a balance of important theoretical concepts and practical application. Your tuition covers:
- Detailed tax preparation textbook & study guides
- Income Tax Factbook
- Career search & time management guides
- Online, open-book exams
- Dedicated academic support and tutoring
- Participation in the Student Community
- Career Services powered by CareerBuilder®
Graduates receive a handsome diploma and may attend our annual graduation ceremony. You’ll have confidence in your skills as you move toward filing taxes for individuals or sorting out taxes for a small business.
Get started in a new career in Tax Preparation today. Speak with an Admissions Advisor at 1-800-957-5412 or enroll online now.