Our most popular bundle will help you expand your client base and work with clients that earn for your personal and business matters daily. Gain a competitive edge with 11 hours of Tax Education focusing on Small Business.
1CE Hours
Schedule E = Rental Properties
Go beyond the basics of completing the Schedule E form for for Income and losses used by Individual Rental Owners, Estates, Partnerships, Trusts, and S-Corporations.
Identification of a capital asset (stocks, bonds, real estate, or other investments) and determine its basis before selling it is a core component of the learning material.
Distinguishing between the order of priority of credits that can be used to offset income tax or recapture treatment to create a refund for the taxpayer is a strategic with annual expansions.
Dive into what the IRS deems as Worldwide Income, what is taxable, non taxable, or subject to tax for legal or illegal activities and where that data should be documented.
Learn about the most popular business structure in the United States and how its owner reports their earned income depending on the accounting period and accounting method.
Go beyond the basics of depreciation (an allowance for the wear and tear, decline, or uselessness of a property) to determine how one recover the cost basis of
their investment property over time.
After Client Engagement your Fiduciary Responsibility begins.
It's time to start to think like your client. They will drop off their paperwork and within two hours they will begin to call, send text message, send emails, send DMs, etc. How will you handle it?
Your client may be enticed to learn that they can receive upwards of $6000 but is it in their best interest? Ask probing questions to determine the underlining issues before you proceed.
Your client will always have questions that are outside of your initial tax training and that is okay. You now have a support network to ask question and get clarity before you respond to the client.
Learn daily, engage, market, and love your choice. You decided to become a knowledgeable Income Tax Preparer and are on your way to becoming a Great Tax Professional.