Editable Tax Law Bundle- Train Your Team

Module 1: Circular 230 – Ethical Standards for Tax Professionals

• Understand the rules and responsibilities of tax preparers.
• Learn how to maintain integrity, professionalism, and compliance.
• Avoid common ethical pitfalls that can lead to penalties.

Module 2: Due Diligence & Penalties

• Master the IRS due diligence requirements for preparers.
• Learn how to avoid penalties by properly documenting client information.
• Explore real-world scenarios to identify red flags.

Module 3: Other Taxes & Taxpayer Penalties

• Learn about additional taxes, such as self-employment and alternative minimum tax (AMT).
• Understand penalties for late filing, underpayment, and negligence.
• Equip yourself to educate taxpayers on avoiding costly mistakes.

Module 4: Filing Status, Dependents & Deductions

• Determine the correct filing status for taxpayers.
• Identify qualifying dependents and applicable deductions.
• Avoid costly errors by understanding IRS definitions and requirements.

Module 5: Income & Understanding Forms W-4 & W-2

• Break down different types of income, including earned, unearned, and passive.
• Learn how to interpret and reconcile Form W-4 and W-2 for accurate tax preparation.
• Explore tips for advising clients on withholding adjustments.

Module 6: Compiling Taxpayer Information

• Discover best practices for gathering and verifying taxpayer documents.
• Create a streamlined system for managing client data.
• Ensure compliance with IRS requirements for document retention.

Module 7: Itemized Deductions

• Dive into the most common itemized deductions, including medical expenses, charitable contributions, and mortgage interest.
• Learn how to calculate and maximize deductions for taxpayers.
• Understand the impact of the standard deduction vs. itemized deductions.

Module 8: Payments & Tax Credits

• Learn about key credits like EITC, Child Tax Credit, and AOTC.
• Understand refundable vs. non-refundable credits.
• Explore strategies for reducing tax liability through credits and prepayments.

Module 9: Schedule C

• Master the basics of Schedule C for self-employed individuals.
• Learn how to report income and expenses accurately.
• Understand allowable deductions for small business owners.

Module 10: Extensions & Amendments

• Learn when and how to file tax extensions.
• Understand the process for amending tax returns.
• Explore common scenarios requiring Form 1040-X and how to handle them.

Module 11: Electronic Filing – Parts 1 & 2

• Get a complete walkthrough of the electronic filing process.
• Learn how to avoid common e-filing errors.
• Explore the benefits of e-filing and how to troubleshoot rejections.

What Makes This Course Unique?

• Interactive Quizzes: Test your knowledge after each module.
• Self-Paced Learning: Learn on your own schedule, or use the curriculum to train your team.
• Comprehensive Coverage: From ethical standards to complex filings, this course has everything a tax preparer needs to succeed.

DISCLAIMER:

Please note that the course materials are intended solely for personal training, education, or for training your own downline or group sessions.

These materials can be shared via platforms like Zoom or delivered in an instructor-led format. However, redistribution for sale, offering for free, or storing on LMS platforms (such as Teachable, Thinkific, Podia, Tax Nitro, GHL, or SuiteDash) is not permitted.

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