Gain expertise in income reporting, deductions, and credits.

Learn advanced tax strategies to make tax preparation easy.

Perfect for beginners and professionals looking to enhance their skills.

Tax Academy - 2023 Simplifying Tax Preparation

Join Verified Financials' Tax Academy 2023 and master the essentials of tax preparation. Whether you're a beginner looking to file your own taxes or start a tax preparation business, this course will teach you everything you need to know to succeed.

Curriculum

22 Chapters · 133 Lessons

  1. 1

    eBook

    1. (Included in full purchase)

      eBook - Verified Financials: Tax Academy: Tax Preparer Handbook

  2. 2

    IRS Publications, Forms, Schedules & Helpful Documents

    1. (Included in full purchase)

      IRS Publications, Forms, Schedules & Helpful Documents

  3. 3

    Introduction

    1. (Included in full purchase)

      Introduction

  4. 4

    Income, Wages, and Taxes

    1. (Included in full purchase)

      Lesson 1: Understanding Income Tax

    2. (Included in full purchase)

      Lesson 2: Gross Income

    3. (Included in full purchase)

      Lesson 3: Taxable Wages

    4. (Included in full purchase)

      Lesson 4: Interest Income

    5. (Included in full purchase)

      Lesson 5: Tax Computation

    6. (Included in full purchase)

      Quiz 1 - Introduction to Income, Wages, and Taxes

  5. 5

    Filing Requirements and Deductions

    1. (Included in full purchase)

      Lesson 1: Filing Requirements

    2. (Included in full purchase)

      Lesson 2: Standard Deductions

    3. (Included in full purchase)

      Lesson 3: Filing Status

    4. (Included in full purchase)

      Lesson 4: Single, MFJ, MFS, Injured/Innocent Spouse

    5. (Included in full purchase)

      Quiz 2: Filing Requirements and Deductions

  6. 6

    Additional Income and Adjustments

    1. (Included in full purchase)

      Lesson 1: Other Income

    2. (Included in full purchase)

      Lesson 2: Scholarships

    3. (Included in full purchase)

      Lesson 3: Disability

    4. (Included in full purchase)

      Lesson 4: Alimony

    5. (Included in full purchase)

      Lesson 5: Unemployment

    6. (Included in full purchase)

      Lesson 6: Gambling

    7. (Included in full purchase)

      Lesson 7: Educator Expenses

    8. (Included in full purchase)

      Lesson 8: Student Loan Interest

    9. (Included in full purchase)

      Lesson 9: Other Adjustments

    10. (Included in full purchase)

      Quiz 3: Additional Income and Adjustments

  7. 7

    Qualifying Dependents and Support

    1. (Included in full purchase)

      Lesson 1: Qualifying Child

    2. (Included in full purchase)

      Lesson 2: Qualifying Relative

    3. (Included in full purchase)

      Lesson 3: Determining Support

    4. (Included in full purchase)

      Lesson 4: Child Tax Credit

    5. (Included in full purchase)

      Lesson 5: Other Dependent Credit

    6. (Included in full purchase)

      Quiz 4: Qualifying Dependents and Support

  8. 8

    Dependent Related Filing Status

    1. (Included in full purchase)

      Lesson 1: Qualifying Child Tiebreaker Rules

    2. (Included in full purchase)

      Lesson 2: Head of Household

    3. (Included in full purchase)

      Lesson 3: Costs of Maintaining a Home

    4. (Included in full purchase)

      Lesson 4: Divorced or Separated Parents

    5. (Included in full purchase)

      Lesson 5: Qualifying Widow/Widower

    6. (Included in full purchase)

      Quiz 5: Dependent-Related Filing Status

  9. 9

    Itemized Deductions

    1. (Included in full purchase)

      Lesson 1: Medical and Dental Expenses

    2. (Included in full purchase)

      Lesson 2: Mortgage Interest

    3. (Included in full purchase)

      Lesson 3: Charitable Contributions

    4. (Included in full purchase)

      Lesson 4: Casualty and Theft Losses

    5. (Included in full purchase)

      Lesson 5: Alternative Minimum Tax

    6. (Included in full purchase)

      Lesson 6: Recovery of Prior Years Itemized Deductions

    7. (Included in full purchase)

      Quiz 6: Itemized Deductions

  10. 10

    EIC and ACTC (Earned Income Credit and Additional Tax Credit)

    1. (Included in full purchase)

      Lesson 1: Refundable and Non-Refundable Credits

    2. (Included in full purchase)

      Lesson 2: Earned Income Credit

    3. (Included in full purchase)

      Lesson 3: Additional Child Tax Credit

    4. (Included in full purchase)

      Lesson 4: Due Diligence

    5. (Included in full purchase)

      Quiz 7: EIC and ACTC (Earned Income Credit and Additional Tax Credit)

  11. 11

    Tax Credits

    1. (Included in full purchase)

      Lesson 1: Child and Dependent Care Credit

    2. (Included in full purchase)

      Lesson 2: Recovery Rebate Credit

    3. (Included in full purchase)

      Lesson 3: Credit for the Elderly and Disabled

    4. (Included in full purchase)

      Lesson 4: State and Federal Marketplaces

    5. (Included in full purchase)

      Lesson 5: Premium Tax Credits

    6. (Included in full purchase)

      Lesson 6: Adoption Credit

    7. (Included in full purchase)

      Lesson 7: Additional Credits

    8. (Included in full purchase)

      Quiz 8: Tax Credits

  12. 12

    Education Provisions

    1. (Included in full purchase)

      Lesson 1: Education Benefits

    2. (Included in full purchase)

      Lesson 2: Form 1098-T

    3. (Included in full purchase)

      Lesson 3: American Opportunity Tax Credit

    4. (Included in full purchase)

      Lesson 4: Lifetime Learning Credit

    5. (Included in full purchase)

      Lesson 5: Other Education Provisions

    6. (Included in full purchase)

      Quiz 9: Education Provisions

  13. 13

    Ethics

    1. (Included in full purchase)

      Lesson 1: Due Diligence

    2. (Included in full purchase)

      Lesson 2: Conflict of Interests

    3. (Included in full purchase)

      Lesson 3: Confidentiality

    4. (Included in full purchase)

      Lesson 4: Compliance

    5. (Included in full purchase)

      Lesson 5: Tax Preparer Responsibilities

    6. (Included in full purchase)

      Quiz 10: Ethics

  14. 14

    Retirement

    1. (Included in full purchase)

      Lesson 1: Introduction to Retirement Planning

    2. (Included in full purchase)

      Lesson 2: Retirement Account Distributions and Taxation

    3. (Included in full purchase)

      Lesson 3: Self-Employed Retirement Plans

    4. (Included in full purchase)

      Lesson 4: Social Security and Railroad Retirement

    5. (Included in full purchase)

      Lesson 5: Retirement Savings Contributions Credit

    6. (Included in full purchase)

      Quiz 11: Retirement

  15. 15

    Capital Assets

    1. (Included in full purchase)

      Lesson 1: Introduction to Capital Assets and Property Types

    2. (Included in full purchase)

      Lesson 2: Dividends and Their Taxation

    3. (Included in full purchase)

      Lesson 3: Understanding Holding Periods and Capital Gains Rates

    4. (Included in full purchase)

      Lesson 4: Capital Loss Carryover

    5. (Included in full purchase)

      Lesson 5: Schedule D

    6. (Included in full purchase)

      Lesson 6: Taxation of the Sale of Your Main Home

    7. (Included in full purchase)

      Lesson 7: Form 1099-B

    8. (Included in full purchase)

      Quiz 12: Capital Assets

  16. 16

    Self-Employment Income and Taxes

    1. (Included in full purchase)

      Lesson 1: Self-Employed Taxpayer

    2. (Included in full purchase)

      Lesson 2: Income and Expenses

    3. (Included in full purchase)

      Lesson 3: Schedule C: Profit or Loss From Business

    4. (Included in full purchase)

      Lesson 4: Schedule F: Profit or Loss from Farming

    5. (Included in full purchase)

      Lesson 5: Self-Employment Taxes

    6. (Included in full purchase)

      Lesson 6: Tax Deductions and Benefits for the Self-Employed

    7. (Included in full purchase)

      Lesson 7: Qualified Business Income Deduction

    8. (Included in full purchase)

      Quiz 13: Self-Employment Income and Taxes

  17. 17

    Depreciation

    1. (Included in full purchase)

      Lesson 1: Depreciable Property

    2. (Included in full purchase)

      Lesson 2: Depreciation Systems

    3. (Included in full purchase)

      Lesson 3: Depreciation Basis

    4. (Included in full purchase)

      Lesson 4: Recovery Periods

    5. (Included in full purchase)

      Lesson 5: Depreciation Method

    6. (Included in full purchase)

      Lesson 6: Modified Accelerated Cost Recovery System (MACRS)

    7. (Included in full purchase)

      Lesson 7: Reporting Depreciation Deduction

    8. (Included in full purchase)

      Lesson 8: Alternative Depreciation System (ADS)

    9. (Included in full purchase)

      Lesson 9: Listed Property

    10. (Included in full purchase)

      Lesson 10: Section 179 Deductions

    11. (Included in full purchase)

      Lesson 11: Bonus Depreciation

    12. (Included in full purchase)

      Lesson 12: Vehicle Depreciation Limits

    13. (Included in full purchase)

      Quiz 14: Depreciation

  18. 18

    Passive Income

    1. (Included in full purchase)

      Lesson 1: Passive Loss Limitation

    2. (Included in full purchase)

      Lesson 2: Non-Passive Income

    3. (Included in full purchase)

      Lesson 3: Material Participation

    4. (Included in full purchase)

      Lesson 4: Rental Income and Expenses

    5. (Included in full purchase)

      Lesson 5: Schedule E: Supplemental Income and Loss

    6. (Included in full purchase)

      Lesson 6: Rental Real Estate Special Allowance

    7. (Included in full purchase)

      Lesson 7: Form 8582: Passive Activity Loss Limitations

    8. (Included in full purchase)

      Lesson 8: Royalties

    9. (Included in full purchase)

      Lesson 9: Real Estate Professional

    10. (Included in full purchase)

      Lesson 10: QBI Deduction

    11. (Included in full purchase)

      Quiz 15: Passive Income

  19. 19

    Penalties, Amendments, and Tax Planning

    1. (Included in full purchase)

      Lesson 1: Filing and Underpayment Penalties

    2. (Included in full purchase)

      Lesson 2: Interest Charges in Taxation

    3. (Included in full purchase)

      Lesson 3: Filing Tax Extensions

    4. (Included in full purchase)

      Lesson 4: Amending Tax Returns

    5. (Included in full purchase)

      Lesson 5: Form 1040 X

    6. (Included in full purchase)

      Lesson 6: Pay-As-You-Go Taxation

    7. (Included in full purchase)

      Lesson 7: Form W-4

    8. (Included in full purchase)

      Quiz 16: Penalties, Amendments, and Tax Planning

  20. 20

    State Fundamentals

    1. (Included in full purchase)

      Lesson 1: Domicile and Residency in State Taxation

    2. (Included in full purchase)

      Lesson 2: State Filing Requirements and Taxable Income Calculation

    3. (Included in full purchase)

      Lesson 3: Federal-State Tax Conformity

    4. (Included in full purchase)

      Lesson 4: Common State Tax Benefits

    5. (Included in full purchase)

      Lesson 5: Taxation of Non-Resident Income

    6. (Included in full purchase)

      Lesson 6: Federal Law Preemption on State Taxation

    7. (Included in full purchase)

      Lesson 7: The State Taxable Income Calculation

    8. (Included in full purchase)

      Lesson 8: Tax Considerations For Community Property States

    9. (Included in full purchase)

      Quiz 17: State Fundamentals

  21. 21

    Final Exam

    1. (Included in full purchase)

      Final Exam

  22. 22

    Conclusion

    1. (Included in full purchase)

      Conclusion

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