This course gives an intermediate overview of taxable and nontaxable income, business income, depreciation, nonrefundable and refundable tax credits, and an in depth understanding of filing status and exemptions. The course covers adjustment to income, and the difference between standard and itemized deduction. This continuing education course is designed for those individuals who only need 10-hours of tax law, 2 hours ethics and 3-hours of updates.
At the end of this course, the student will be able to do the following:
- Explain who is a sole proprietor.
- Recall the different partnership types.
- Understand where to report wages and other compensation.
- Differentiate earned vs. unearned income.
- Identify the differences between accounting periods and accounting methods.
- Explain which deductions are limited to the 7.5% floor.
Field of Study: Federal Tax Law 10 Hours, Federal Tax Updates 3 Hours, Behavioral Ethics 2 Hours
Course Level: Intermediate
Prerequisite: General tax preparation knowledge is required
Delivery Method: Self-Study
Learn at your own pace, read or watch the lessons, pass the exams.
Learn on your phone, tablet, or computer.
All our courses are available in English y español.
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"The practice tax returns were helpful to understand the chapter better and practice doing a return"
Cathy - Washington
"Course was convenient on mobile so I could read and take a quiz when I had downtime outside of my house"
Marvin - California
"Best part are the videos so I can listen to the material while doing housework and watching my kid"
Sandra - New York
Why choose us
Over 35+ years tax preparation experience
We know what tax preparers need to succeed in their office
7+ EA’s and tax preparers on staff
Our team does extensive research to ensure you receive the best education
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