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Fundamentals of Tax Prep
Obtaining Your PTIN
Obtaining Your PTIN
Introduction
Overview of Tax Preparation
Importance of Basic Tax Knowledge
Ethics
Tax Basics
Understanding Tax Forms
Filing Statuses
Exemptions and Dependents
Record Keeping
Deductions and Credits
Standard Deduction vs. Itemized Deductions
Common Tax Credits
Child Tax Credit and Earned Income Tax Credit
Completing a Tax Return
Step-by-Step Guide to Completing Form 1040
Reporting Income and Deductions
Double-Checking and Reviewing Returns
Compliance and Red Flags
Avoiding Tax Fraud and Errors
Identifying Potential Audit Triggers
When to Seek Professional Help
Case Studies and Practice
Solving Practice Scenarios
Reviewing Sample Returns
Final Quiz and Course Assessment
Self Employed
Self Employment Taxes
IRS Audits
Educating the Tax Preparer on IRS Audits
Conclusion
Recap and Next Steps
Teach online with
Self Employment Taxes
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