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VIP TAX ACADEMY (PAID COURSE)
COURSE INTRODUCTION
Welcome to the Academy!
Course Objectives
Student Portal Logins
MODULE 1.1 - STARTING UP YOUR TAX BUSINESS FROM SCRATCH
Starting Up Your Tax Business (7:06)
Choosing Your Business Name
Choosing Your Business Structure (18:27)
Choosing Your Business Address (10:34)
Create Your Business Email & Website
Registering Your Business (2:30)
Obtain Your Federal & State Tax ID / EIN #
Open Your Business Bank Account (7:09)
Module 1.1 Practice Quiz
MODULE 1.2 - BECOMING A REGISTERED TAX PREPARER WITH THE IRS
Complete a Tax Course (8:20)
Obtain Your PTIN (Preparer Tax ID Number) (4:01)
Obtain Your EFIN (Electronic Filing ID Number)
Due Diligence Training Module (IRS website) (2:15)
AFSP / CE Courses (3:33)
Module 1 Resources
Module 1 Practice Quiz
MODULE 2 - CUSTOMER SERVICE & ETHICAL OBLIGATIONS OF A PREPARER
Customer Service in the Tax industry (8:23)
Circular 230 - Professional Responsibility and Ethical Obligations of a Tax Preparer (3:25)
Who Can Practice Before the IRS? (11:41)
Due Diligence & Record Keeping (13:56)
Understanding Tax Laws & Regulations
Important Tax Dates & Deadlines (3:06)
Module 2 Resources
Module 2 Practice Quiz
MODULE 3 - INTRODUCTION TO TAX PREPARATION
Introduction to Tax Preparation
Overview on Paper and Electronic Filing Methods
Filing Statuses (10:36)
Dependents - Qualifying Child vs Qualifying Relative (15:42)
Who Must File a Tax Return? (8:08)
Finding Tax Forms & Publications
Module 3 Resources
Module 3 Practice Quiz
MODULE 4 - INDIVIDUAL TAX RETURNS
Introduction on Federal Individual Income Taxes
Form 1040 (21:28)
Tax Schedules that attach to Form 1040 (30:03)
Standard Deduction vs Itemized Deductions (11:02)
Tax Credits and Deductions (0:22)
Amending a Tax Return (13:47)
Module 4 Resources
Module 4 Practice Quiz
MODULE 5 - TYPES OF INCOME & FORM BREAKDOWNS
The W2 Form (3:56)
1099 Forms (17:12)
The W4 Form (4:07)
1098 Forms (6:08)
Module 5 Resources
Module 5 Practice Quiz
MODULE 6 - SMALL BUSINESS TAX RETURNS
Overview of Small Business Tax Returns (Schedule C) (38:28)
*** Added-On-Module: The New Fincen Process (11:03)
Module 6 Resources
Module 6 Practice Quiz
MODULE 7 - TAX LAW UPDATES
Overview of Tax Law Changes
New Tax Law Updates (2023) (36:33)
Prior Tax Law Updates (2022) (13:57)
Module 7 Practice Quiz
MODULE 8 - MARKETING YOUR TAX BUSINESS
Building Clients and Developing Your Practice
Marketing (12:43)
Marketing Resources (4:22)
PRACTICE RETURNS (1-5)
Practice Return Overview
Practice Return 1
Practice Return 2
Practice Return 3
Practice Return 4
Practice Return 5
PRACTICE RETURNS (6-10)
Practice Return 6
Practice Return 7
Practice Return 8
Practice Return 9
Practice Return 10
PRACTICE RETURNS (11-15)
Practice Return 11
Practice Return 12
Practice Return 13
Practice Return 14
Practice Return 15
PRACTICE RETURNS (16-20)
Practice Return 16
Practice Return 17
Practice Return 18
Practice Return 19
Practice Return 20
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Choosing Your Business Address
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