Chartered Tax Professional Training Online

Chartered Tax Professionals help clients organize and file their income tax returns and documents. Microsoft Excel 2019 is among the most popular financial and tax tools in the world. This 100% online course helps you prepare to become a Chartered Tax Professional and a Microsoft Office Specialist (MOS) Expert for Excel 2019. Upon successful completion, you will be qualified to prepare US individual tax returns and sit for the IRS Special Enrollment Examination (SEE).

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The US Bureau of Labor Statistics (BLS) forecasts a 4% growth rate for Accountants and Auditors between now and 2029, approximately equal to overall job growth in that time frame. The BLS notes that complexity in the US tax system - along with the risk and cost of making tax errors - is expected to sustain strong demand for professionals in this area.

According to PayScale.com, tax preparers with tax consulting skills earn $50,942 per year, on average. Salaries for entry-level tax professionals range between $25,000-$53,000 per year, with an average of $45,000.

WHAT ARE THE DUTIES OF A CHARTERED TAX PROFESSIONAL?

Chartered Tax Professionals help prepare US individual and small business tax returns, often serving clients with complex tax situations. They help organize and present tax returns and documents to conform with US tax law and professional standards. Many Chartered Tax Professionals also become IRS Enrolled Agents (EA) after they pass the SEE. The EA is considered the most prestigious designation in the tax industry.

CAN CHARTERED TAX PROFESSIONALS WORK ANYWHERE?

Chartered Tax Professionals are generally qualified to prepare US federal tax returns for individual and small business taxpayers. Please check your individual state to determine its latest requirements. California residents should take the Chartered Tax Professional for California Residents course, which prepares them to meet California's specific requirements while earning the Chartered Tax Professional designation.

IS MICROSOFT EXCEL 2019 CERTIFICATION IMPORTANT FOR CHARTERED TAX PROFESSIONALS?

Microsoft Excel 2019 is among the most popular and widely-used financial reporting tools in the tax industry. MOS Expert certification not only indicates your expertise in Excel 2019 but also signals that you are ready to work at the highest levels of professionalism in tax preparation.

• To create, modify, and manage Excel workbooks with pivot tables and charts
• Prepare for the IRS Enrolled Agent exam
• Practice and work as a qualified tax professional
• Learn how to prepare tax returns for all individual U.S. taxpayers
• Understand the ethical responsibilities of tax professionals
• Master preparing taxes for individuals, small businesses, partnerships, and sole proprietorships
• Start working and earning money after completing the first two modules of the course
• Develop a professional vocabulary and the communication skills required to flourish in the accounting world
• Become qualified to prepare taxes for a variety of tax-holders and small companies
• Possess the necessary knowledge and skillset required to pass the IRS Enrolled Agent exam
• Become a certified Microsoft Office Specialist (MOS) Expert in Excel 2019

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Prerequisites and Requirements

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:

• Complete Comprehensive Tax Course (located within the course)
• Register with the IRS and get a PTIN
• Begin preparing tax returns as a tax preparer

COMPREHENSIVE INCOME TAX COURSE (FOR INDIVIDUALS)

Learn a detailed account of how to file an individual's income tax return. You'll cover forms W-2, 1099, and 1040 in detail.

ADVANCED INCOME TAX COURSE (FOR INDIVIDUALS)

Understand the fundamentals of tax preparation before moving on to advanced income tax best practices. Cover things like special credits, capital gains, sale of stock, and more.

ADVANCED INCOME TAX COURSE – LEVEL II (FOR INDIVIDUALS)

Learn about unique tax situations that require special attention such as net operating losses, tax issues for divorced taxpayers, tax issues for high-income taxpayers, and more.

INCOME TAX COURSE – LEVEL I (FOR SMALL BUSINESSES)

Discover the best practices for preparing taxes for small businesses. Review various business types and accounting methods so you'll be better prepared to advise future clients.

INCOME TAX COURSE – LEVEL II (FOR SMALL BUSINESSES)

Master dealing with partnership and corporation issues. Understand the sales and liquidations of business and how it pertains to accounting. Cover what to do when your client owes the IRS and how to correct or amend past business returns.

Peoples Income Tax, Inc.

Instructor support is provided through email by experienced practicing tax professionals employed by Peoples Income Tax, Inc., a sister company of The Income Tax School.

Tracy Berry

Tracy Berry has been a senior graphic designer/programmer, instructor, and consultant since 1993 and has developed hundreds of logos, marketing materials, websites, and multimedia solutions for customers worldwide. She was also involved in several large corporate software rollouts. She has helped many organizations optimize and streamline data solutions. She teaches both onsite and online courses and has her CTT (Certified Technical Trainer) certification. Tracy specializes in teaching graphics, desktop publishing, web design, and reporting/productivity applications.

This course is 100% online. Start anytime.

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