The Basics of Tax Preparation
This course is designed to teach the fundamentals of Income Tax Preparation.
Welcome!
FREE PREVIEWBasic Income Tax Preparation Course Outline
Form 1040/ Schedules 1-3
Schedule C
Module 1 Filing Status and Dependents
Module 1 Quiz
Module 2 Types of Income and how to report them
Income Forms
Module 2 Quiz
Module 3 Schedule 1 Part 1 and Schedule C
Module 3 Quiz
Module 4 Schedule 1 Adjustments to Income
Module 4 Quiz
Schedule 2 Taxes and Other Taxes
Module 5 Quiz
Prepares Income Tax Return forms for individuals and small businesses.
Reviews financial records, such as prior tax return, income statements and documentation of expenditures to determine forms needed to prepare return.
Responsible for interviewing clients to obtain additional information on taxable income and deductible expenses and allowances,
Consults tax law handbooks or websites to determine procedure for preparation of atypical returns.
Occasionally verifies totals on forms prepared by others to detect errors.
Calculates form preparation fee according to complexity of return and amount of time required to prepare forms.
Position also includes administrative functions including: filing, faxing, emailing clients, data-entry, inbound/outbound calling and some marketing activities.