Online Tax Preparation Class Curriculum
Our online Tax Preparation Class Curriculum teaches standards for preparing and filing federal tax returns on behalf of individuals and small businesses. You will learn how to determine taxable and non-taxable income, calculate income from various sources, deduct expenses or losses for individuals, and you will review income related to small business income. Apply your knowledge in a final project that simulates an actual tax return.
Lesson Group 1: Orientation: Ashworth College Career ProgramLearning at Ashworth
The goals and values of Ashworth College; time management; creating a realistic weekly and monthly study schedule; the nature and purpose of assessments; how to study effectively to prepare for and take an online examination; developing the skill sets necessary for success in the twenty-first century.
Evaluating your business idea; setting yourself apart from the competition; market testing; investment funding and donation funding; qualities of an entrepreneur; crowdfunding and angel investors.
Lesson Group 2 – Filing Status and Income BasicsCareer and Tax Overview and Filing Status
An introduction to the career opportunities available for individuals having formal training in tax preparation, followed by instruction in the fundamentals of the U.S. tax system and a summary of the concepts of tax calculation for individuals based on their filing status.
The basics of determining taxable and non-taxable income from common sources such as compensation from employment and services, as well as interest, dividends and educational benefits.
This lesson continues instruction related to income calculation related to retirement contributions, distributions, and rollovers as well as annuities. Various forms of IRAs are reviewed as well as the taxability of social security and inheritance.