PACE NONCREDIT COURSE:
Chartered Tax Professional
Areas of Study
Course Type
Overview
Hours: 180 | Duration: 18 months
Overview
A Chartered Tax Professional (CTP) is someone who has completed a specific series of tax courses in individual and small business income tax preparation. This nationally recognized innovative online certificate course enables you to start working and earning money while completing coursework toward the CTP professional credential.
After successfully completing this course, you will be qualified to prepare individual tax returns for almost all U.S. taxpayers and will also have the tax knowledge to successfully pass the Special Enrollment Examination (SEE). The Special Enrollment Examination (SEE) is a test that individuals can take to become an Enrolled Agent in the United States. The Enrolled Agent credential is issued and regulated by the Internal Revenue Service (IRS).
Attention California Residents!
If you live in California and plan to become a preparer of Federal and/or state income tax returns, you must meet the requirements of the California Tax Education Council (CTEC) to become licensed to practice as a California Tax Preparer. In that case, you should instead take the Chartered Tax Professional for California Residents course, which will enable you to meet the CTEC requirements while also earning your professional CTP designation.
Attention Oregon Residents!
This course is not suitable for Oregon residents
Curriculum
Syllabus
- Individual Income Tax Preparation
- Comprehensive Income Tax Course
- Electronic Filing
- W-2 and 1099 Forms
- Form 1040 (1040 EZ/A)
- Interview Techniques
- Filing Requirements
- Filing Status
- Exemptions and Dependents
- Earned Income Tax Credit
- Due Diligence
- Child Care and Tax Credit
- Interest and Dividends
- Other Income
- Adjustments to Income
- Moving Expenses
- Itemized Deductions
- Employee Business Expenses
- Sale of Real Estate
- Depreciation: MACRS and ACRS
- Self-employment
- Filing Requirements
- Rental Property
- Capital Gains and Losses
- Education Expenses and Plans
- Education Tax Benefits
- IRAs and Retirements Plans
- Ethics
- Kiddie Tax
- Taxpayer Relief Act of 1977
- Tax Saving Ideas
- Alternative Minimum Tax
- Office-in-Home
- Injured and Innocent Spouse
- Penalties
- Extension
- Amended Returns
- Advanced Income Tax Course: Level I
- Earned Income Credit
- Clergy
- Investments
- At-risk Rules
- Passive Activities
- Injured and Innocent Spouse
- Tax Credits, Special Credits
- COGS, Business Start-up
- Depreciation
- Amortization
- Section 179
- Employee Business Expense
- Office in Home
- Auto Expenses
- Self-employment Tax
- Statutory Employees
- Capital Gains and Losses
- Basis of Property
- Sale of Stock
- Installment Sales
- Rental Properties
- K-1s and 1099s
- Sale of Business Property
- Estimated Taxes
- Extensions
- Advanced Income Tax Course: Level II
- Amended Tax Returns for Individuals
- Special Needs and Concerns of Seniors
- Tax Issues for High-income Taxpayers
- Net Operating Losses
- Schedule D: Special Issues
- Tax Issues for Divorced Taxpayers
- Tax Planning Tips and Strategies
- Responding to the IRS
- Part-year Resident State Tax Preparation Principles
- Nonresident Alien Returns: Form 1040NR
- Comprehensive Income Tax Course
- Small Business Income Tax Preparation
- Small Business Income Tax Course: Level I
- Introduction to Small Business Tax Preparation
- Business Types
- Accounting Methods
- Financial Statements
- Business Income
- Schedule C
- COGSand 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
- Small Business Income Tax Course: Level II
- Understanding the Balance Sheet
- Partnership Issues
- Corporation Issues
- General Business Credits
- Tax Issues Related to Buying a Business
- Sale or Liquidation of Business
- Profit or Loss From Farming: Schedule F
- Amended or Corrected Business Returns
- What to Do When You Owe the IRS?
- Tax Preparation for Non-profits: 501(c)(3), 501(c)(4), 501(c)(6), etc.
- Small Business Income Tax Course: Level I
Course Requirements
Requirements: Hardware Requirements: Software Requirements: Other: Instructional Material Requirements: The instructional materials required for this course are included in enrollment. The following materials will be shipped to you approximately 7-10 business days after enrollment: Prerequisites: A high school diploma or equivalent is a prerequisite for this course. Accounting and specific math skills aren’t required, just the aptitude to work with numbers and people and to read and interpret the tax laws. If you are taking this course to begin a career in taxation you will need to meet the following requirements:
