This is an informational course only, and not for certification or a license.
Taxation - Learn to Prepare Tax Returns is a class focusing on the study of tax laws, procedures and forms; individual tax, business tax, self-employment tax, pension and retirement tax, tax computations using tax software and e-filing requirements and process. Study guides and shortcuts are available. Students will learn basic tax preparation, from beginning to calculation on tax software and become proficient in calculating individual and business tax returns on a calculating tax return that is ready for mailing or e-filing.
No prerequisite education or experience is required just an interest in taxation, some math aptitude (or calculator). Each lesson will be reviewed; tax forms downloaded. The local libraries usually have blank tax forms also. Blank forms are available via e-mail.
Instructor Enrica Wilder, while working for law firms as an independent contractor or per diem, managed estates and trusts files, computed estate taxes and trust funds. At tax firms and offices of CPA's, she computed taxes for the general public, often with business or investment tax portfolios. She is currently registered with the IRS as a Professional Tax Preparer. This past tax season, she was site coordinator for the IRS Volunteer Income Tax Assistance (VITA) Program at a senior citizen's center. Ms.Wilder is a registered E-File provider, both as an individual practitioner and for VITA. She is also registered in EFPTS as batch filer for small businesses.
* Document your course completion with an online certificate (additional shipping/handling charges apply for hard copy delivery). Instantly download, print, and share your certificate and CEUs once awarded. UniversalClass™ offers many wonderful learning tools to help you get the most out of your online course,
including an online portfolio service that manages all your course completions, and a Certificate Verification Service you can use so others may view and verify the authenticity of your awards.
Course Description
Learn the process of tax preparation and calculating tax returns. Starting at the very beginning, this course takes you through all the steps for understanding the basics of tax terms and tax laws. You will learn the different filing status for taxpayers and how to put the taxpayer information onto the tax return forms. The newest software is available for this class. The software is easy to use and simplifies tax return preparation. Because of the modern electronic capability, tax preparers don't have to spend hours with pencil and paper figuring math. Calculating forms require minimal input, and then accurately calculate all the math for you. With these lessons, you can learn to do your own taxes, do your friends and family taxes and become a paid tax preparer during tax season. Optional applications are available at the end of the lessons for registration with the IRS or to become an authorized e-file provider in your state. By the time you have completed the course, you will be able to prepare a basic tax return: taxpayers of each filing status; with a W2 or 1099-R form; with or without dependents; with minor itemized deductions, business or self-employment Schedules. You may also earn a Certificate of Completion from UniversalClass for finishing this class.
Course Lessons
Lesson 1 - Introduction to Basic Tax Preparation
The first lesson covers the tax forms and tax tables that are required to complete a basic tax return. The File Sharing section contains the tax files that we will use for this class.
Lesson 2 - Filing Status and Exemptions
The second lesson covers taxpayer filing status and exemptions for the tax return. Several charts in the lesson contain the amounts and following are brief descriptions to simplify choosing a filing status for the taxpayer.
Lesson 3 - Types of Income
Categorizing types of income on a taxpayer's tax return. The tax bracket percentage is a factor in calculating the taxable income.
Lesson 4 - Earned Income Credit and the Child Care Credit
Review of IRS Publication outlining the procedure for taxpayers claiming earned income credit and the child care credit. This credit benefits working single parents earning under $55,000. a year with dependent children in day care.
Lesson 5 - Pension Income Tax Returns
Senior Citizens receiving pensions get a 1099-R tax form from the pension provider. Most have to pay taxes on their pensions. This lesson covers the filing status and tax preparation of taxpayers over 65 who contributed to their retirement pensions.
Lesson 6 - Preparing Tax Returns
Finalizing a tax preparation business with client interview sheet and identifying tax items for forms and schedules.
Optional Certificates Awarded
Certificate of Merit
Certificate of Outstanding Achievement
Certificate of Academic Excellence
In addition to the standard Certificate of Course Completion, Merit Awards may be issued by the instructor at his/her own discretion and are based on student achievement. Merit awards also incur an additional $30.00 processing fee that covers the customization, printing, and delivery of the award, as well as access to the UniversalClass™ Portfolio Service that documents your achievements online. Official Merit Awards have a serial number that verifies the authenticity of the award (great for employers to verify your achievement).
This is a non-credit course, and is provided for your personal enrichment.
This course is not intended to be a substitute for any state, government, licensing, or educational requirements.
Choose from 5 Payment Methods
Credit Card Online
Credit Card through FAX
Check/Money Order through Mail
Credit Card over the Phone
PayPal
To use any of these methods you must press the "Join this Course" button on this screen and go through the online registration process in order to generate the correct order form and correctly process your enrollment.
($65.00) Gregg Shorthand is the most widely used system of its kind in the world. more
Other Related Classes in Taxation
ABC's of Technical Writing Technical writing is the art and science of translating technical information into readable, accessible writing usable by a wide audience. If you have ever read the user's manual for a piece of software or equipment you've purchased, you've seen technica...
Accounting & Bookkeeping 101 for EveryoneAccounting & Bookkeeping 101 for Everyone is a course that covers the fundamentals of accounting with the newcomer in mind. Accounting is more than just memorizing terms and procedures; it's a whole new way of thinking about finances. This course assu...
Accounts Payable Management This course is a training guide for the new manager of an accounts payable department. It will help you step into your new role and take a commanding and successful lead. This course will take what you know and enhance it by adding management principles...
Accounts Receivable Management Accounts Receivable management is a demanding job. You'll be making decisions that can make or break a company. Your role is unique and complex--one that is closely integrated into the overall customer service of your company. In this course, we'll look ...
Adobe Flash 101 Adobe Flash CS4 can be a complex program to use and understand, even if you already have basic knowledge. It's very easy to get lost in the interface and confused by the many features it offers. This course was designed to solve the mysteries of Adob...
Adobe Photoshop 101 Adobe Photoshop is a complex graphics and image editing software and paint program. Chances are, you've heard of Photoshop frequently in the past even if this will be the very first time that you use the program. Adobe's Photoshop program has become a ...
Advertising, Marketing and Sales Writing There you are, cold-calling yet another sales prospect. Your verbal pitch is pure gold; your prospect is attentive--interested--and seems ready to buy. But just as you're about to close the deal, you hear that eternal refrain: Send me something ...
Business Analysis 101 How can you make a significant difference in your organization? One way is to be part of a project that improves the company's performance or launches it in a new direction. The business analyst (BA) plays a key role in the development and execution of ...
Business Credit 101 Business Credit 101 provides potential and current business owners with the necessary knowledge to successfully use credit within their business. There are many reasons why business operators rely on credit to maximize their business potential, but it ...
Business Math 101 This course takes you through an overview of the wonderful world of business mathematics. The course is designed for a person of any age and anywhere in the world. All that is required of the learner are a computer, a connection to the internet, a c...
Computer Basics 101 Do you find yourself intimidated by computer jargon? Would you like to have a clearer understanding (in non-jargon language) of how your computer works? Computer Basics 101 will both demonstrate and explain how your computer works in an easy-to-follow, ...
Creating an Effective Sales Team Every small business owner or new entrepreneur knows that the success of their company will depend largely on the effectiveness of their sales team. After all, if you are not selling something, then you can hardly call yourself in business since business...
Customer Relationship Management 101 Quality in a service or product is not what you put into it. It is what the client or customer gets out of it. (Peter Drucker) We are exposed to customer service (of one kind or another) at least once a day, every day of the week, fifty-two wee...
Dreamweaver 101 Whether this is your first time using Dreamweaver or you've used it in the past, this course will walk you through the program step-by-step and teach you how to use its many features and options to create professional web pages with little more than ...
Effective Communication 101 Communication influences all factors of your life. From daily interactions with strangers on the street to the way you present yourself in the board room, the way you communicate is a reflection of who you are and the way you establish relationships with...
Effective Presentations Speaking in front of a group of people is one of the most common fears people experience. In fact, it may be more feared than death...or even spiders . Yet being able to present ourselves, our companies, our ideas and products to others is one of the mos...
Electronics 101 Whether performing a minor repair, such as your phone or DVD player, or applying for a new and technology focused career, an understanding of the principles directing basic electronics will prove helpful throughout life. This course in basic electronics ...
Excel 2007 Microsoft Excel 2007 is Microsoft's latest version of its very popular business productivity application for the management and manipulation of data. Microsoft Excel is often packaged as part of Microsoft Office that includes other applications such as M...
Freelance Writing 101 If you have ever dreamed of being a freelance writer this course is for you. Get started today learning about this exciting field and in no time you can be on your way to earning a living, extra income, and more, by doing something that you love – ...
Gregg Shorthand 101 (Centennial Version) Gregg Shorthand is the most widely used system of its kind in the world. It is used by millions of professionals from all walks of life in nearly every country worldwide. This system of shorthand is the most efficient of any other type created, it is con...
How to Create Web Pages These days, everyone can benefit from an online presence, and that means developing a website. This course covers a basic introduction of how to create your own website page-by-page using HTML, a common website coding process. From basic HTML defin...
How to Write a Business Plan 101 Most CPAs will tell you that the number one mistake people make in starting a new business is that they fail to write a business plan. Without a written set of plans and directions, a new business will struggle on many levels. You may start out doing wel...
Internet Fundamentals 101 Are you in the dark about how the Internet works? Do you wonder how in the world it is possible to communicate with someone on another continent in the blink of an eye? This straightforward course clearly and plainly lays out the basics of the Internet...
Internet Marketing Basics Today's business marketing efforts require an internet presence, an active campaign and a steady attention to the details of your company's internet marketing efforts. Don't let your company get left behind in the marketplace of ideas and sales. Universa...
Introduction to MS Excel Whether you've used MS Excel before and just want to learn more about Excel or are completely new to the program, this course is designed to teach you the features of MS Excel to have you using it like a pro. It's a fact that a lot of people just like...
Managerial Accounting 101 Managerial accounting is not as widely used as other forms of accounting, nor is it as known. While companies concern themselves with financial accounting methods like audits, budgets and financial statements, they often completely ignore the forward-th...
Marketing Outreach Marketing a company's products and services to potential and existing customers is not only necessary, but a key ingredient to growing sales. Outreach marketing is the facet of marketing in which a company representative actively seeks out potential lead...
Microsoft Publisher 2007 Microsoft Publisher can be an amazing tool. It can help us complete impressive tasks in a fraction of the time, and help to accomplish things that we could never have done on our own. But you have to know how to use this program. This course will sho...
MS Office 2003: Word, Excel, PowerPoint This all in one training course will provide comprehensive instruction on three popular MS Office programs: MS Word 2003, MS Excel 2003, PowerPoint 2003. MS Word 2003 T his course teaches you all the basics of MS Word, from doing simply functions li...
MS Office 2007: Word, Excel, PowerPoint and Outlook MS Office 2007 will provide a comprehensive tutorial of these programs- Word, Excel, PowerPoint, and Outlook. MS Word 2007 It doesn't matter if you're new to MS Word or an experienced user, this comprehensive course teaches the most basic features as w...
MS Word 2003 It doesn't matter if you've never used MS Word before or you just want to familiarize yourself with MS Word 2003. This course teaches you all the basics of MS Word, from doing simply functions like typing in the text area to formatting text, to give the ...
MS Word 2007 This Microsoft Word 2007 course is not only designed to give the experienced MS Word user a tour of the new version of Word, but to also introduce new MS Word users to a comprehensive look at the features and utilities that this word processing software...
Outlook 2007 The purpose of this course is to help you understand what Outlook 2007 can do for you, whether you are familiar with Outlook 2003 or new to the application altogether. This course has been developed to be of benefit to new users of Outlook, individuals ...
Payroll Management 101 There are many aspects that need to be covered when running a successful business. One of the most important aspects in any business is of course, payroll management. The members of the business involved in payroll management have unique responsibilities...
Photoshop Elements 101 The Photoshop Elements software package is a condensed version of the popular Adobe Photoshop. Lesser priced, it contains all the features of Photoshop, but contains fewer options that are much easier to understand. Elements was designed with the consum...
PowerPoint 2003 MS PowerPoint 2003 is probably one of the most convenient software applications in the Office suite because it allows you to do so much – easily. Whether you want to create professional presentations for the office or just brush up on your skills...
PowerPoint 2007 The purpose of this course is to help you understand what PowerPoint 2007 can do for you, whether you are familiar with PowerPoint 2003 or new to the application altogether. One of the most noticeable changes is the new user interface called the Microsof...
Public Relations 101 Public relations can contribute immensely to the success of a business large or small. In short, it is a message, an image, a story or a brand, that is vital to communicate and can grow a business. A solid and well thought out public relations plan ...
Retail Business 101 The idea of running one's own business is the dream of hundreds of thousands of Americans. The reasons for opening your own business are myriad; to be your own boss, to set your own hours, to do what you want to do, to provide a product or service where ...
Small Business Guide Starting and operating a business is a minefield of rules and regulations. The regulations set in the moment you decide to start your own business. You need to get licenses and permits from the authorities. There are restrictions on the type of business ...
Time Management 101 Managing time effectively is fundamental to success. It also factors into achieving balance in our lives. Today, we're busier than ever--at work and at home. Having enough time for things that are important, things we want or need to do, or even to have ...
Travel Writing 101 Travel writing is a fun, interesting and fulfilling career. If your goal is to become a full-time travel writer who is able to live off your income from writing alone, it is important to understand that travel writing, like any other career, requires you...
Typing and Keyboarding 101 Today, knowing how to type fast is almost a necessity in the business world. More and more corporate-world employees are being asked to create reports, sales letters, business plans, blogs, web content, forecasts and more. Knowing how to type can sav...
Writing Effective Persuasion 101 Do you hear stirring speeches that inspire to go out and take to heart what the speaker was talking about? Do you wonder how some people can sell nearly anything simply by how they talk? If you do, then chances are you are wondering about being persuasiv...