Small Business I Income Tax Preparation Course

Online Course: ID# 1001102

This Small Business Level I Income Tax Preparation Course is designed as an introduction to some of the issues involved in the preparation of tax returns for various forms of business entities, which will give you the information necessary to handle partnerships and corporations.

Whether you're an accountant looking to start or expand a tax preparation business or you're trying to become part of a company that helps small businesses with their taxes, it all starts with the proper training. Unique challenges and issues surround small businesses and taxes, and if you wish to prepare taxes for these entities, you need the right small business tax training.

Benefits Of Our Income Tax Prep Course

Our small business online tax preparation course can give you much of the training you need right away. This IRS income tax preparation course is designed to cover all the major issues surrounding tax preparation for small businesses. This is so that once you have achieved your certified tax preparer or other qualifying designation, you will be ready to jump right in and tackle any and all small business tax issues with confidence.

Small business tax codes can be complicated, and businesses are looking for tax preparers who can help them cut through all the confusion and make sure they're handling their taxes correctly. A small growing business cannot risk making a mistake with their taxes and finding themselves subjected to fines and penalties.

If you have the information and authority to present yourself as someone who can protect them from such issues and make sure they get the most out of their small business tax returns, you can enjoy great professional benefits. That's why we have prepared our Small Business Level I Income Tax Preparation Course for you.

What You Will Learn From Our Income Tax Prep Course

Accessible online in the comfort of your own home office, this course covers the following tax topics:

• Business Types
• Accounting Methods
• Financial Statements
• Business Income
• Schedule C
• COGS/Inventory
• Depreciation
• Section 179 Deduction
• Contractor vs. Employee
• Sale of Business Property
• Partnerships
• Corporations - C, S, LLC
• Employee Taxes
• Excise Taxes
• Estate Taxes
• Extensions
• Estimates
• Employee Benefits
• Retirement Plans

Quizzes will be given throughout the course, and you must pass each quiz to continue to the next module within the course. A Certificate of Achievement will be issued after all modules have been successfully completed.

This Course includes the following materials and resources:

• Small Business I Income Tax Course Manual, by Peoples Income Tax
• Federal income tax reference material
• Certificate of Achievement upon completion
• Hands-on tax training from veteran tax preparers
• Up to 3 months from your date of registration to complete the course

Benefits Of An Online Tax Preparation Course

There are live IRS tax preparation courses available, but a classroom approach is not always feasible for every potential tax preparer. Perhaps you are already studying for your CTP designation and need flexible scheduling to add the benefits of this course to your base of knowledge. Maybe you have a demanding job and cannot attend a tax class during normal business hours. Perhaps you need to work your studying around family time, or when the rest of the household is sleeping. With our online course, there are no impediments to your study process. You can study how you want and when you want.

Our online business tax course also allows you to study at your own pace. You don't have any other students to keep up with or wait for. If you have to stop in the middle of a lesson, you can always come back to it later. If you need a refresher on something before you move on to the next module, simply go back and review. You have total control over the way you learn this material.

When you're trying to get a small company's accounting business, you need to do whatever you can to set yourself apart. Anything you can do to expand your tax knowledge and education can translate into more clients and higher profits. Not only that, but the material you learn in this course can give you the confidence you need to take on any small business tax situation. The sooner you can get started, the better!

After ordering, you will receive an email within 1 business day that contains your log-in instructions and access to the course. Your Manual will be shipped to you separately, and should arrive within 3-5 business days.

There are no entrance requirements or educational prerequisites to enroll, so order today!

This course, combined with our Comprehensive Income Tax Course, will provide the tax knowledge needed to pass the IRS tax preparer exams for both individual and small business returns.

Note: This course totals 10 Chapters (3 Hours per Chapter). It may be taken independently for professional development or in conjunction with other courses to earn the CTP designation. Click on this hyperlink for a full description of the designation.

Top FAQs

What Do Tax Preparers Do?

Tax Preparers review their client's income and financial records such as W2s and dividend statements, then identify deductions and credits to determine the amount their client's owe or will be refunded.

How do I file my client's tax returns electronically?

You will need an Electronic Filing Identification Number (EFIN) from the IRS. This gives your firm the ability to e-file tax returns, which is generally required of a firm that files 11 or more income tax returns.

What Are The Requirements To Be A Tax Preparer?

Any tax professional with an IRS Preparer Tax Identification Number (PTIN) is authorized to prepare federal tax returns.

Which course do you recommend for tax prep?

We recommend the Comprehensive Income Tax Course. Accessible online in the comfort of your own home or office, it covers everything from the required forms to filing requirements.