How to Start Your Income Tax Preparation Business

Necomitt Academy
Last Update September 3, 2022
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About This Course

This is an intermediate-level income tax preparation course by which the registered student would principally learn and gain knowledge of the current status of taxation laws in the United States, and the application of such laws to practice. It prepares the student ready to confront and overcome some of the difficulties that the average tax preparers often encounter in practice. Course focuses on doing this by structured series of instruction in the areas of financial reporting, tax regulations, auditing, and underwriting.

After completing the course, the student will be capable of demonstrating not only knowledge of tax preparation but essentially competitive such skills for application to the historically aggressive American tax preparation market. Skills gained from the course will be helpful for use in assisting the student’s future clients in resolving a wide array of income tax filing problems, including helping them to determine the right income tax filing statuses, exemptions, and the capital gains and losses factor, and to maintain valid and accurate financial records preparatory to audit

Learning Objectives

We will discuss all you need to know about starting your income tax preparation business.
We will discuss how you may choose a name brand for your income tax preparation business.
We will discuss the electronic income tax filing process, including regulations and operational procedures that are essential to making your income tax preparation business successful.
We will acquaint you with trends in use of relevant technological instruments and developments in markets; and explain how knowledge of such fields would enhance your ability to grow your tax preparation business.
The course will introduce U.S. Income Tax filing models, procedures, tax laws, and regulatory mechanisms, including a list of penalties for noncompliance with these orders. We will provide practical examples at every step along the way, showing the learner visuals which explain how the system works, and the means by which common tax-filing practice issues may be resolved.
The course will discuss how you can for each client determine the right filing status, including when and how to add a dependent to a return.
The course will discuss how to add wages and other self-employed earned incomes to filing-form notably W-2 and 1099-Miscellaneous incomes.
The course will discuss itemized deductions reported on schedule A. We will talk about the primary itemized deductions and provide practical examples of each.
The course will touch upon various gained credits including child tax credit, earned income credit, education credits, and offer examples of each for ease of learning.
The course will show you how to launch your income tax preparation business on web, from A-Z. Equip you with knowledge to succeed in the industry and with the possibility of you becoming your own boss.

Requirements

  • Business Startup
  • Finance students
  • Business owners
  • Motivated-business-minded students and people who is ready to scale up

Curriculum

27 Lessons4h 35m

First Batch Video

Welcome Intro00:00:44
A Brief History of US Income Tax Act in Chronology00:2:43
Projects Increase in Career Opportunities00:2:18
Potential Entrepreneurs00:00:46
A step by step guide to income tax preparation00:3:29
Business Registration00:2:35
Business Structure00:02:06
Business EIN00:03:33
Business Essentials00:2:28
Business Crucial Tools00:03:28
Taxpayer Insurance policy & Location00:02:43
Recognizing your Market00:02:60
Should your Business be Patronized00:02:58
The Cure Value of Tax00:05:42

Second Batch Video

Your Instructors

Necomitt Academy

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