Online Self-Study

​​​Self-Study

These courses are ideal for learners interested in personalizing the pace and direction of their education. Self-study courses typically come with an e-book and practice exam questions. Once you’ve finished studying, you’ll take the corresponding exam to earn CPE.

About our self-study courses:

  •    Complete when convenient to you
  •    Self-paced course
  •    Includes e-book
  •    Includes exam questions
  •    Includes certificate of completion

These courses are included with Premium level membership.

Looking for EA review courses? View study options >

2019 Courses

 

 

Self Study1040 Update Self-Study<h3>Summary</h3> <p>Understanding the yearly changes to the Form 1040 is essential to your success as a tax professional, which is why we’ve dedicated an entire course to learning the updates. This course will cover standard features of inflation-indexed updates you’ll need to understand to prepare your clients’ 2019 returns. It will also cover new head of household paid preparer due diligence, updated tax forms and schedules, the qualified business income (QBI) deduction and modifications to the net operating loss (NOL) rules. Finally, since 2018 was a big year for tax reform, you’ll learn all about the <i>Tax Cuts and Jobs Act</i> and its impact on preparing your clients’ 2019 returns.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Analyze new tax laws and how it affects your clients.</li> <li>Recognize who qualifies as a dependent.</li> <li>Explain the rules for determining proper withholding on the revised Form W-4.</li> <li>Interpret the latest court decisions and IRS rulings.</li> <li>Apply inflation-adjusted amounts to 2019 individual tax returns.</li> <li>Identify extended and expired tax provisions.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book, exam questions, quick reference desk card and multi-page tax law quick reference guide with flowcharts. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-04-01T10:00:00ZSS1930Update8Federal Tax Law Update0N/A2019-10-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $164 | Basic: $208 | Nonmember: $2198Federal Tax Law Update88TaxesBasic knowledge of income taxationFederal Tax Law Update8 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/1040UpdateTOC.pdfself study2019October2021-01-01T05:00:00Znonoyesno
Self StudyAlternative Minimum Tax (AMT) Self-Study<h3>Summary</h3> <p>Alternative minimum tax (AMT) is a tax originally put in place to prevent the wealthy from reducing their tax bill through certain deductions. The intent was to keep income tax at a reasonable rate for each taxpayer at their income level, however, because the AMT exemption amount has not kept up with the cost of living, this tax has crept down and now impacts those in lower income tax brackets. This course will focus on AMT adjustments and teach you how to complete the necessary forms for working with AMT.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify AMT adjustment and preference items.</li> <li>Distinguish between temporary and permanent AMT adjustments.</li> <li>Determine the tax consequences for regular tax and AMT when incentive stock options (ISOs) are exercised and sold.</li> <li>Calculate the different depreciation amounts for regular tax and AMT.</li> <li>Complete Form 6251, <i>Alternative Minimum Tax – Individuals</i>.</li> <li>Complete Form 8801, <i>Credit for Prior Year Minimum Tax – Individuals, Estates and Trusts</i>.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T11:00:00ZSS1936Basic2Federal Tax Law Topic0N/A2019-01-31T06:00:00ZQAS Self StudyPremium: $0 | Professional: $60 | Basic: $76 | Nonmember: $802Federal Tax Law Topic22TaxesNoneFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/AlternativeMinimumTaxTOC.pdfself study2019February2021-01-01T05:00:00ZSelf Study OnlyPurchase a physical book testPurchase self-study and book testnonoyesno
Self StudyAnnual Tax Update Self-Study<h3>Summary</h3> <p>This course assists the tax preparer in getting ready for the 2020 filing season. You’ll become familiar with the 2019 tax laws and new developments, and discover tax planning tips for the upcoming year.</p> <h3>Objectives</h3><p>Upon completion of this course, you will be able to: <ul> <li>Explain tax laws taking effect in 2019.</li> <li>Summarize new developments that occurred in 2019.</li> <li>Advise clients on ways to lower their taxes in the future.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-07-10T05:00:00Z2020-12-31T06:00:00ZNone2019-05-01T04:00:00ZSS1902Update3Federal Tax Law Update0N/A2019-10-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $82 | Basic: $104 | Nonmember: $1093Federal Tax Law Update33TaxesKnowledge of federal income taxationFederal Tax Law Update3 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/2019%20Annual%20Tax%20Update%20TOC.pdfself study2019October2020-12-31T05:00:00Znonoyesno
Self StudyBasics of Basis Self-Study<h3>Summary</h3> <p>If your client bought or sold assets, the basis of those items is critical to the future calculation of capital recovery, gain or loss realization and recognition, and depreciation. Attendees of this self-study course will learn how to determine an asset's initial basis and how to calculate adjustments to that basis. Assets to be considered include tangible or intangible property (real and personal property), stocks, bonds and mutual funds, as well as partnership and S corporation interests.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify basis based on various means of acquisition, including purchase, creation, gift and inheritance.</li> <li>Identify payments capitalized as part of basis and those expensed as a current operating expense.</li> <li>Calculate the basis of stocks.</li> <li>Calculate the basis of mutual funds using the allowable methods.</li> <li>Apply the timing and ordering of basis adjustments.</li> <li>Differentiate between a partner’s outside and inside basis in a partnership.</li> <li>Recognize the difference between a shareholder’s stock basis and debt basis in an S corporation.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T11:00:00ZSS1903Basic4Federal Tax Law Topic0N/A2019-02-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $98 | Basic: $124 | Nonmember: $1304Federal Tax Law Topic44TaxesNoneFederal Tax Law Topic4 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/BasicsOfBasisTOC.pdfself study2019February2021-01-01T05:00:00Znonoyesno
Self StudyBusiness Tax Reporting on the 1040: Real Estate and Self-Employed Self-Study<h3>Summary</h3> <p>This course will dive into tax reporting for Schedule E, <i>Supplemental Income and Loss</i>, and Schedule C, <i>Profit or Loss from Business (Sole Proprietorship)</i>, the heart of many tax returns. With Schedule E, we will discuss income and expense reporting of rental properties; passive activity rules; qualified business income eligibility; vacation home rental rules; self-rentals; and real estate professionals. With Schedule C, we will examine income reporting; identify which expenses are deductible and which are not including meals and entertainment, home office, and depreciation; calculate qualified business income; and set up an accountable expense reimbursement plan. Finally, we will discuss statutory employees and their income and expense reporting requirements. There will be a comprehensive example on properly completing Schedule E and Schedule C for business owners and statutory employees.</p> <h3>Objectives</h3><p>Upon completion of this course, you will be able to: <ul> <li>Define passive activity rules.</li> <li>Identify when a rental is eligible for the QBI deduction.</li> <li>Summarize vacation home rental rules.</li> <li>Summarize the requirements for a real estate professional.</li> <li>Identify deductible and nondeductible expenses for Schedules E and C.</li> <li>Calculate QBI for a Schedule C owner.</li> <li>Prepare an accountable plan.</li> <li>Define statutory employee.</li> <li>Prepare Schedules E and C.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-07-10T05:00:00ZSS1904Intermediate8Federal Tax Law Topic0N/A2019-10-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $164 | Basic: $208 | Nonmember: $2198Federal Tax Law Topic88TaxesBasic knowledge of individual taxationFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/BusinessTaxReportingTOC.pdfself study2019October2020-12-31T06:00:00Znonoyesno
Self StudyCasualty, Theft and Disaster Losses Self-Study<h3>Summary</h3> <p>Taxpayers who suffer a casualty, theft or disaster have a lot on their minds, and the last thing is probably their taxes. There are tax laws in place to offer help for loss victims, including those who could use their tax filing to obtain much-needed cash. Knowing this information sets you up to be a huge asset when your clients need you most. This course helps tax professionals identify and report casualty, theft and disaster losses. Additionally, you’ll learn the tax provisions of insurance reimbursements, disaster assistance, disaster payments, record reconstruction and how to calculate the value of lost items.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify casualty, theft and disaster losses.</li> <li>Determine how to handle insurance reimbursements and disaster payments.</li> <li>Describe how to reconstruct a taxpayer’s records.</li> <li>Calculate and report the loss on Form 4684, <i>Casualties and Thefts</i>.</li> <li>Calculate the basis of replacement property.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T05:00:00ZSS1933Intermediate2Federal Tax Law Topic0N/A2019-02-13T05:00:00ZQAS Self StudyPremium: $0 | Professional: $60 | Basic: $76 | Nonmember: $802Federal Tax Law Topic22TaxesBasic knowledge of individual income taxFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/CasualtyTheftDisasterLossesTOC.pdfself study2019February2021-01-01T05:00:00Znonoyesno
Self StudyIntermediate Partnerships Self-Study<h3>Summary</h3> <p>This is a self-study course for those who already have a basic understanding of partnership taxation. You’ll learn the different types of partnership operations, such as limited partnerships or limited liability companies, and review the form of business that can alter a partner's taxation. Various elections made at the partnership level that serve as planning tools for preparing returns will also be reviewed.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Differentiate between the different types of partnerships.</li> <li>Recognize tax basis capital accounts.</li> <li>List the important tax rules regarding special tax allocations.</li> <li>Summarize important rules regarding guaranteed payments.</li> <li>Identify a §754 election.</li> <li>Calculate basis adjustments required by a §754 election.</li> <li>Identify disguised sales.</li> <li>Prepare Form 1065 when one partner leaves a two-partner partnership.</li> <li>Identify limited liability partners for purposes of self-employment tax.</li> <li>Prepare Form 8308.</li> <li>Prepare Form 1065 when a partner terminates an interest.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T11:00:00ZSS1910Intermediate8Federal Tax Law Topic0N/A2019-02-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $164 | Basic: $208 | Nonmember: $2198Federal Tax Law Topic88TaxesKnowledge of Federal Income TaxFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/IntermediatePartnershipsTOC.pdfself study2019February2021-01-01T05:00:00Znonoyesno
Self StudyIntermediate S Corporations Self-Study<h3>Summary</h3> <p>This hands-on course is ideal for tax professionals who have already prepared S corporation returns and are looking to improve their skills to better assist clients with their continuing needs. Topics include reasonable compensation, built-in gains tax, distributions, shareholder basis, shareholder loss limitations, ownership changes and liquidation issues.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Determine if an S corporation is paying reasonable compensation to its shareholder employees.</li> <li>Identify corporations subject to the built-in gains tax.</li> <li>Compute and report the built-in gains tax.</li> <li>Compute the shareholder’s stock basis in the S corporation.</li> <li>Determine the timing and ordering rules for basis adjustments.</li> <li>Demonstrate how distributions from an S corporation are taxed.</li> <li>Report the repayment of reduced-basis debt.</li> <li>Compare and contrast AAA, stock basis, and retained earnings.</li> <li>Report the sale of S corporation stock.</li> <li>Determine how income and losses are allocated when there is a change in ownership.</li> <li>Identify an inadvertent termination of the S election and summarize how to fix it.</li> <li>Prepare a final Form 1120S for the year of liquidation.</li> <li>Report post-liquidation expenses.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T05:00:00ZSS1911Intermediate8Federal Tax Law Topic0N/A2019-03-08T05:00:00ZQAS Self StudyPremium: $0 | Professional: $164 | Basic: $208 | Nonmember: $2198Federal Tax Law Topic88TaxesBasic understanding of preparing Form 1120-SFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/IntermediateSCorpTOC.pdfself study2019May2021-01-01T05:00:00Znonoyesno
Self StudyIntroduction to Fixed Assets Self-Study<h3>Summary</h3> <p>Fixed assets are assets that are purchased for long-term use and are not likely to be converted quickly into cash, such as land, buildings and equipment. This course will introduce you to the basic depreciation concepts on Form 4562, <i>Depreciation and Amortization</i>, including §179 and bonus depreciation. You’ll review the special rules for listed property (passenger automobiles, etc.), and learn how to report the sale of business property on Form 4797, as well as the tax consequences of such sales.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify the depreciation methods for fixed assets.</li> <li>Apply the listed property rules.</li> <li>Outline the requirements for claiming §179 and bonus depreciation.</li> <li>Determine if a change in property is an improvement vs. a repair.</li> <li>Complete Form 4562 when required.</li> <li>Report the disposition of business property in the appropriate section of Form 4797.</li> <li>Calculate the gain or loss on a sale.</li> <li>Define depreciation recapture, unrecaptured §1250 gain, and nonrecaptured §1231 losses.</li> <li>Determine when §280F recapture is necessary.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T11:00:00ZSS1912Basic4Federal Tax Law Topic0N/A2019-02-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $98 | Basic: $124 | Nonmember: $1304Federal Tax Law Topic44TaxesNoneFederal Tax Law Topic4 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/IntroToFixedAssetsTOC.pdfself study2019February2021-01-01T05:00:00Znonoyesno
Self StudyIntroduction to Schedule C Self-Study<h3>Summary</h3> <p>This course is designed to help tax professionals who are new to sole proprietorship tax preparation. It focuses on individual income tax issues and the preparation of Schedule C, <i>Profit or Loss From Business</i>, and other major related forms. Schedule C (also known as Form 1040) is used to report income or loss from a business or profession practiced as a sole proprietor. Also covered are business vehicles, business use of home and depreciation.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Determine whether a taxpayer’s activity is a hobby or a for-profit business venture.</li> <li>Identify types of income and expenses reported on Schedule C.</li> <li>Complete Schedule C.</li> <li>Complete Schedule SE, <i>Self-Employment Tax</i>.</li> <li>Determine the business use of a vehicle and the substantiation requirements.</li> <li>Determine whether a taxpayer should claim standard mileage or actual vehicle expenses.</li> <li>Identify the §179 expense election and limitations.</li> <li>Identify allowable depreciation methods, including MACRS, GDS, ADS, and bonus depreciation.</li> <li>Complete Form 4562, <i>Depreciation and Amortization</i>.</li> <li>Determine eligibility for a deduction for business use of the home.</li> <li>Complete Form 8829, <i>Expenses for Business Use of Your Home</i>.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T05:00:00ZSS1913Basic8Federal Tax Law Topic0N/A2019-03-06T05:00:00ZQAS Self StudyPremium: $0 | Professional: $164 | Basic: $208 | Nonmember: $2198Federal Tax Law Topic88TaxesNoneFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/IntroScheduleCTOC.pdfself study2019April2021-01-01T05:00:00Znonoyesno
Self StudyIntroduction to Schedule D Self-Study<h3>Summary</h3> <p>A business goes through many ups and downs throughout the course of its life, and it is important to be able to help your client navigate through what they will need to provide for you to do your job effectively. With this course, you’ll gain a basic knowledge and understanding of Form 8949, Sales and Other Dispositions of Capital Assets, and Schedule D (Form 1040), <i>Capital Gains and Losses</i>, for individual taxpayers. The course covers issues such as determining the correct basis of an asset, the proper disposition of a capital asset and the tax treatment of capital gains and losses, including the net investment income tax and the §121 exclusion for gain on the sale of a principal residence.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify sales that are reported on Form 8949 and Schedule D.</li> <li>Calculate the adjusted basis of capital assets.</li> <li>Determine whether the holding period of an asset is short-term or long-term.</li> <li>Summarize the tax treatment of capital losses.</li> <li>Apply the appropriate tax rates to capital gains.</li> <li>Decide if the net investment income tax applies.</li> <li>Compute the §121 exclusion for the sale of a principal residence.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T05:00:00ZSS1914Basic4Federal Tax Law Topic0N/A2019-02-28T05:00:00ZQAS Self StudyPremium: $0 | Professional: $98 | Basic: $124 | Nonmember: $1304Federal Tax Law Topic44TaxesNoneFederal Tax Law Topic4 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/IntroScheduleDTOC.pdfself study2019April2021-01-01T05:00:00Znonoyesno
Self StudyIntroduction to Schedule E Self-Study<h3>Summary</h3> <p>If your client earns rental income on a home or building they own, receives royalties or has income reported on a Schedule K-1 from a partnership or S corporation, you must prepare a Schedule E with their return. Schedule E (Form 1040), <i>Supplemental Income and Loss</i>, is for reporting residential rental income and expenses, as well as pass-through items from S corporations, partnerships, estates, and trusts. With this course, you’ll gain a basic understanding of Schedule E.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify passive loss limitations and exceptions.</li> <li>Determine eligibility for the special $25,000 loss allowance.</li> <li>Recognize who meets the qualifications of a real estate professional.</li> <li>Summarize the treatment of current and suspended passive losses upon disposition of a passive activity.</li> <li>Apply the vacation home rules.</li> <li>Identify the type of activities reported on Schedule E.</li> <li>Identify and report rental income and allowable rental expenses.</li> <li>Determine the depreciable basis of property used in a rental activity.</li> <li>Interpret the information provided on Schedule K-1 and enter the information appropriately on Schedule E.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T05:00:00ZSS1915Basic4Federal Tax Law Topic0N/A2019-03-07T05:00:00ZQAS Self StudyPremium: $0 | Professional: $98 | Basic: $124 | Nonmember: $1304Federal Tax Law Topic44TaxesNoneFederal Tax Law Topic4 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/IntroScheduleETOC.pdfself study2019April2021-01-01T05:00:00Znonoyesno
Self StudyIntroduction to Schedule F Self-Study<h3>Summary</h3> <p>This course is great for preparers who have clients who earn a living as a self-employed farmer. You will learn how to properly prepare Schedule F, <i>Profit or Loss from Farming</i>, and other major related forms while focusing on individual income tax issues. The course also includes information about identifying hobby farms and material about the depreciation and accounting methods that have changed under the 2017 <i>Tax Cuts and Jobs Act </i> (TCJA).</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Complete Schedule F, <i>Profit or Loss From Farming</i>.</li> <li>Identify the unique timing of certain farm income and expenses.</li> <li>Identify the sources of income generated from farming operations.</li> <li>Differentiate between taxable and tax-exempt government program payments.</li> <li>Complete Schedule J, <i>Income Averaging for Farmers and Fishermen</i>.</li> <li>Identify the proper reporting of farm-related income on Form 4797, <i>Sales of Business Property</i>.</li> <li>Identify the allowable expenses and deductions for farmers.</li> <li>Compute the amount of farming loss allowed under the loss limitation rules.</li> <li>List the depreciation methods allowed for assets used in farming updated under TCJA.</li> <li>Differentiate between cash and accrual methods as related to farm income and expense reporting.</li> <li>Complete Schedule SE, <i>Self-Employment Tax</i>.</li> <li>Summarize how to report the income and expenses from a farming activity determined to be a hobby.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone (NATP's Introduction to Tax Preparation is helpful, but not required)2019-02-01T05:00:00ZSS1916Basic8Federal Tax Law Topic0N/A2019-02-28T05:00:00ZQAS Self StudyPremium: $0 | Professional: $164 | Basic: $208 | Nonmember: $2198Federal Tax Law Topic88TaxesNoneFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/IntroScheduleFTOC.pdfself study2019April2021-01-01T05:00:00Znonoyesno
Self StudyIntroduction to Tax Preparation Self-Study<h3>Summary</h3> <p>If you are just starting out in the tax industry and need help preparing your first returns, this is the perfect solution. This course is great for those just starting their career and will cover the basics of tax with a step-by-step analysis of Form 1040 and certain accompanying schedules.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Correctly identify a taxpayer’s filing requirements and filing status.</li> <li>Determine who is eligible to be claimed as a dependent.</li> <li>Correctly report different types of income and adjustments to income.</li> <li>Compare itemized deductions and the standard deduction.</li> <li>Distinguish nonrefundable from refundable income tax credits.</li> <li>Calculate an individual tax client’s federal income tax liability.</li> <li>Complete Form 1040, Schedule A, and Schedule B.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T05:00:00ZSS1917Basic0N/A0N/A2019-06-01T04:00:00ZQAS Self StudyPremium: $0 | Professional: $322 | Basic: $408 | Nonmember: $42916Federal Tax Law Topic1616TaxesNoneFederal Tax Law Topic16 CPE for AFSP, EA, CPA/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/IntroductionToTaxPreparationTOC.pdfself study2019June2021-01-01T05:00:00Znonoyesno
Self StudyK-1s for 1041 Self-Study<h3>Summary</h3> <p>An estate or trust can generate income, and at the end of the year, all income distributions made to beneficiaries must be reported on a Schedule K-1 (1041). Form 1041 is also used to report any income a trust earns over $600. This course examines everything you need to know to properly report the information provided to the beneficiary on a Schedule K-1 on their individual tax return.</p> <h3>Objectives</h3> <p>Upon completion of this course you will be able to: <ul> <li>Identify the character of pass-through income, deductions, and credits from an estate or trust.</li> <li>Describe the various items reported on Schedule K-1.</li> <li>Report Schedule K-1 items on the beneficiary’s return.</li> <li>Report items on the beneficiary’s return that are associated with estate or trust interest but not reported on Schedule K-1.</li>&nbsp; </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T05:00:00ZSS1909Basic2Federal Tax Law Topic0N/A2019-02-13T05:00:00ZQAS Self StudyPremium: $0 | Professional: $60 | Basic: $76 | Nonmember: $802Federal Tax Law Topic22TaxesNoneFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/K1sForm1041TOC.pdfself study2019February2021-01-01T05:00:00Znonoyesno
Self StudyK-1s for 1065 Self-Study<h3>Summary</h3> <p>Taxpayers who are partners in partnerships (or members in LLCs taxed as partnerships) should receive a Schedule K-1 (Form 1065) to report their share of the partnership's income, deductions, credits, etc. You’ll learn how to consider the various elections available and whether they are made by the partner or the partnership as a whole. Finally, you’ll look at certain deductions the partner may have that are not reported on the Schedule K-1.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Determine the partner’s basis, at-risk and passive limitations.</li> <li>Identify the elections made at the partner level (versus the ones made at the partnership level).</li> <li>Describe the various items reported on Schedule K-1.</li> <li>Correctly report Schedule K-1 information on the partner’s return.</li> <li>Report items on the partner’s return that are associated with the partnership interest but not reported on Schedule K-1.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T11:00:00ZSS1919Basic4Federal Tax Law Topic0N/A2019-02-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $98 | Basic: $124 | Nonmember: $1304Federal Tax Law Topic44TaxesNoneFederal Tax Law Topic4 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/K1sForm1065TOC.pdfself study2019February2021-01-01T05:00:00Znonoyesno
Self StudyK-1s for 1120-S Self-Study<h3>Summary</h3> <p>Individuals who are shareholders in an S corporation should receive a Schedule K-1 (Form 1120S), reporting their share of the corporation’s income, deductions, credits, etc. This course demonstrates how to report the basic information from this schedule on an individual’s tax return and provides an understanding of limitations that might apply before you can report certain items, such as losses and distributions.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Calculate the shareholder’s basis in the S corporation.</li> <li>Determine how much of a pass-through loss is deductible after applying the basis, at-risk, and passive activity limitations.</li> <li>Analyze the shareholder’s tax effects when receiving distributions from an S corporation.</li> <li>Correctly report various pass-through items from Schedule K-1 on Form 1040, including unique items, such as the sale of property when §179 was deducted.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T11:00:00ZSS1920Basic2Federal Tax Law Topic0N/A2019-02-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $60 | Basic: $76 | Nonmember: $802Federal Tax Law Topic22TaxesNoneFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/K1sForm1120STOC.pdfself study2019February2021-01-01T05:00:00Znonoyesno
Self StudyPreparing C Corporation Returns Self-Study<h3>Summary</h3> <p>This introductory, hands-on course is for tax professionals looking to expand their practice by preparing C corporation returns. It is ideal for individuals who have never completed a Form 1120 before or have very limited experience. You’ll learn about the general tax aspects applicable to domestic C corporations, including line item explanations designed to aid in the preparation of Form 1120, <i>U.S. Corporation Income Tax Return</i>.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify the advantages and disadvantages of forming a C corporation.</li> <li>Identify the tax consequences of forming a C corporation.</li> <li>Determine if §351 applies and explain the reporting requirements.</li> <li>Recognize the importance of an engagement letter.</li> <li>Select a tax year and accounting method to ensure the least amount of tax.</li> <li>Complete a basic Form 1120, including Schedules J, L, M-1, and M-2.</li> <li>Summarize the dividends-received deduction.</li> <li>Identify requirements to file Form 1120, including the applicable due dates.</li> <li>Compute the shareholder’s stock basis in a C corporation.</li> <li>Summarize the taxation of distributions from a C corporation.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T05:00:00ZSS1923Basic8Federal Tax Law Topic0N/A2019-03-07T05:00:00ZQAS Self StudyPremium: $0 | Professional: $164 | Basic: $208 | Nonmember: $2198Federal Tax Law Topic88TaxesNoneFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/PreparingCCorpReturnsTOC.pdfself study2019April2021-01-01T05:00:00Znonoyesno
Self StudyPreparing Partnership Returns Self-Study<h3>Summary</h3> <p>Are you looking to expand your practice by preparing partnership returns? This is a great course for you! You will learn the basics of partnership taxation and completing a partnership return with accompanying schedules. You'll also learn how to track partners’ basis in the partnership and the impact of partnership distributions.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify the advantages and disadvantages of forming a partnership.</li> <li>Identify the tax consequences of forming a partnership, including contributions of property or services.</li> <li>Analyze a partnership agreement and profit/loss allocations. </li> <li>Complete a basic Form 1065, including Schedules K, K-1, L, M-1 and M-2.</li> <li>Correctly report fringe benefits for partners, guaranteed payments, and separately stated items.</li> <li>Compute partnership net earnings (losses) for self-employment.</li> <li>Recognize items that increase or decrease partnership basis.</li> <li>Compute a partner’s end-of-year basis in a partnership.</li> <li>Determine which liabilities increase a partner’s at-risk basis.</li> <li>Analyze distributions from a partnership for tax reporting.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T05:00:00ZSS1924Basic8Federal Tax Law Topic0N/A2019-03-18T04:00:00ZQAS Self StudyPremium: $0 | Professional: $164 | Basic: $208 | Nonmember: $2198Federal Tax Law Topic88TaxesNoneFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/PreparingPartnershipReturnsTOC.pdfself study2019March2021-01-01T05:00:00Znonoyesno
Self StudyPreparing S Corporation Returns Self-Study<h3>Summary</h3> <p>Many small business owners file as S corporations to reduce taxes, which means there’s an increased need to add the preparation of S corporation returns to your business. If you want to learn to add this skill to your business or simply get up to speed on the most common areas of S corporation taxation, this is the course for you! Receive the knowledge necessary to accurately prepare Form 1120S, U.S. Income Tax Return for an S Corporation, and the accompanying schedules.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>List the advantages and disadvantages of forming an S corporation.</li> <li>Identify businesses eligible to make the S election.</li> <li>Make an S election, including a late election.</li> <li>Choose a tax year and accounting method for an S corporation.</li> <li>Complete a basic Form 1120S, including Schedules K, K-1, L, M-1, and M-2.</li> <li>Identify income and expense items that differ for book and tax purposes.</li> <li>Determine amounts to pass-through and allocate to each shareholder.</li> <li>Identify separately stated items.</li> <li>Summarize the §179 expense rules for S corporations.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T05:00:00ZSS1925Basic8Federal Tax Law Topic0N/A2019-03-22T04:00:00ZQAS Self StudyPremium: $0 | Professional: $164 | Basic: $208 | Nonmember: $2198Federal Tax Law Topic88TaxesNoneFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/PreparingSCorpReturnsTOC.pdfself study2019April2021-01-01T05:00:00Znonoyesno
Self StudyQBI and Choosing a Business Entity Self-Study<h3>Summary</h3> <p>The final §199A regulations that included guidance on the qualified business income (QBI) deduction released contained over 300 pages. This hands-on workshop will walk through the QBI rules from the standpoint of the entity and complete several case studies that involve QBI and decisions related to various entities. Choosing an entity for your client is also important, as each type has its pros and cons when it comes to filing taxes. We’ll analyze switching entities and the tax consequences associated with that change. We’ll also illustrate the changing tax laws to maximize deductions for partners, shareholders and self-employed individuals.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Outline the new rules regarding Qualified Business Income (QBI).</li> <li>Identify which taxpayers can take the deduction for QBI.</li> <li>Calculate QBI and the QBI deduction.</li> <li>Identify filing requirements for entities passing thru QBI to Partners or Shareholders.</li> <li>Correctly report income and expenses to adhere to new QBI rules.</li> <li>Complete the Forms 1065 and 1102S for clients with QBI and compare with Schedule C.</li> <li>Apply entity selection strategy to case studies.</li> <li>Discuss requirements and consequences to change business entities.</li> <li>Illustrate how an S Corporation how it changes its business entity.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T05:00:00ZSS1918Intermediate6Federal Tax Law Topic0N/A2019-08-15T05:00:00ZQAS Self StudyPremium: $0 | Professional: $135 | Basic: $171 | Nonmember: $1806Federal Tax Law Topic66TaxesBasic knowledge of federal income taxationFederal Tax Law Topic6 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/QBI%20and%20Choosing%20a%20Business%20Entity%20TOC.pdfself study2019July2021-01-01T05:00:00Znonoyesno
Self StudySharing Economy Self-Study<h3>Summary</h3> <p>More and more taxpayers are using one of the many online platforms available to rent spare bedrooms, provide car rides, or to connect and provide other goods or services. By doing this, they are involved in what is called the “sharing (or gig) economy.” This course reviews the proper tax reporting of revenues earned and expenses incurred so to properly prepare a return for a client who participates in and generates income from these platforms.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify the type of rental income from web-based rental agencies such as Airbnb.</li> <li>Determine whether the rental income should be reported on Schedule C or Schedule E.</li> <li>Report rideshare income and allowable expenses from sources such as Über or Lyft on proper forms.</li> <li>Determine the class life and cost basis or basis percentage allocation for depreciation.</li> <li>Calculate vehicle expenses for shared economy businesses.</li> <li>Determine if estimated payments are necessary and the estimated payment amounts.</li> <li>Calculate home office expenses for shared economy businesses.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T11:00:00ZSS1927Basic2Federal Tax Law Topic0N/A2019-02-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $60 | Basic: $76 | Nonmember: $802Federal Tax Law Topic22TaxesNoneFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/SharingEconomyTOC.pdfself study2019February2021-01-01T05:00:00Znonoyesno
Self StudyTax Impact of Having a Child Self-Study<h3>Summary</h3> <p>Clients with children require extra attention as there are a variety of tax issues involving children ranging in age from 0 to 27. Topics include examining tax credits available to taxpayers with dependent children (including the expanded child tax credit); determining whether a dependency exemption is allowed or allowable (even though the deduction is zero for 2018-2025); determining how the modified kiddie tax rules impact parents and children; allocating health insurance from the Marketplace to nondependent children under age 27; and claiming tax benefits for qualified education expenses.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Determine which taxpayer is allowed the dependency exemption for a child.</li> <li>Identify when a child is subject to kiddie tax, which tax rate applies and how it is reported.</li> <li>Determine how inheritance or court settlements impact a child’s reporting requirements.</li> <li>Summarize the tax credits available to taxpayers with dependent children.</li> <li>Analyze the expanded child tax credit, including the $500 nonrefundable credit.</li> <li>Determine how to allocate health insurance for family coverage from the Marketplace to a nondependent child under 27.</li> <li>Summarize the requirements to claim education credits.</li> <li>Determine the tax consequences of distributions from qualified tuition programs (§529 plans).</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T11:00:00ZSS1928Intermediate4Federal Tax Law Topic0N/A2019-02-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $98 | Basic: $124 | Nonmember: $1304Federal Tax Law Topic44TaxesKnowledge of Federal Income TaxFederal Tax Law Topic4 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/TaxImpactHavingAChildTOC.pdfself study2019February2021-01-01T05:00:00Znonoyesno
Self StudyTax Issues of Divorce Self-Study<h3>Summary</h3> <p>Understanding the complications and economic effects of a divorce at the tax level reassures your clients their returns have been properly prepared. As a tax professional, it’s your responsibility to explain the tax implications of divorce, and report income and expense correctly on the individuals’ returns. When children are involved, it can be tricky to determine which taxpayer can claim an exemption for a child. This course will review how to distinguish between child support and other payments, as well as everything else you need to know to prepare a return that will best represent your client.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify the most appropriate filing status for separated or divorced taxpayers.</li> <li>Summarize the exceptions to both spouses being jointly and severally liable when filing a joint return.</li> <li>Distinguish which parent is eligible to claim a child as a dependent.</li> <li>Recognize the difference between custodial and noncustodial parent for tax purposes.</li> <li>Differentiate among alimony, child support and property settlements.</li> <li>Summarize the tax treatment of a qualified domestic relations order (QDRO).</li> <li>Determine if a divorced taxpayer has a carryover of an NOL, capital loss or passive loss.</li> <li>Assess community property state complications.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T05:00:00ZSS1921Intermediate2Federal Tax Law Topic0N/A2019-03-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $60 | Basic: $76 | Nonmember: $802Federal Tax Law Topic22TaxesKnowledge of Federal Income TaxFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/TaxIssuesOfDivorceTOC.pdfself study2019February2021-01-01T05:00:00Znonoyesno
Self StudyTax Reform Impact on S Corps & Partnerships Self-Study<h3>Summary</h3> <p>The <i>Tax Cuts and Jobs Act</i> of 2017 affects most small businesses, which presents an additional opportunity to assist your clients in maximizing tax savings. This hands-on course will look at partnerships and S corporations, their elections and adjustments, as well as how the new tax law affects them.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Describe the taxation of partnerships.</li> <li>Identify the effects of partnership elections.</li> <li>Calculate required basis adjustments.</li> <li>Identify adjustments to be made on Form 1065, Schedules M-1 and M-2.</li> <li>Describe the taxation of S corporations.</li> <li>Compute and report the built-in gains tax.</li> <li>Compare and contrast AAA, stock basis and retained earnings.</li> <li>Identify the effects of S corporation elections.</li> <li>Identify adjustments to be made on Form 1120S, Schedules M-1 and M-2.</li> <li>Identify the provisions of the <i>Tax Cuts and Jobs Act</i> that affect partnership and S corporation taxation.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T05:00:00ZSS1922Intermediate6Federal Tax Law Topic0N/A2019-08-15T05:00:00ZQAS Self StudyPremium: $0 | Professional: $135 | Basic: $171 | Nonmember: $1806Federal Tax Law Topic66TaxesBasic knowledge of federal income taxationFederal Tax Law Topic6 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/Tax%20Reform%20Impact%20on%20S%20Corporations%20and%20Partnerships%20TOC.pdfself study2019July2021-01-01T05:00:00Znonoyesno
Self StudyWorking Abroad and Form 2555 Self-Study<h3>Summary</h3> <p>If you have a client who works and receives income from that work in another country, you must be careful of double taxation, meaning paying taxes twice on the same source of earned income. This comprehensive course explores the tax implications of working abroad and introduces the forms needed to file the taxpayer’s return correctly. To mitigate potential double taxation, §911 provides a foreign earned income exclusion and a foreign housing deduction or exclusion to qualifying taxpayers. Form 2555, <i>Foreign Earned Income</i>, calculates these exclusions. You’ll learn all of these forms, and more, in this course.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Determine if a taxpayer qualifies for the foreign earned income exclusion and the foreign housing deduction or exclusion.</li> <li>Differentiate between the foreign housing deduction and exclusion.</li> <li>Identify social security issues and self-employment issues related to working abroad.</li> <li>Summarize how totalization agreements and tax treaties with foreign countries impact the taxpayer.</li> <li>Prepare Form 2555, <i>Foreign Earned Income</i>, to determine the appropriate foreign income exclusion for the taxpayer. </li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T11:00:00ZSS1932Basic2Federal Tax Law Topic0N/A2019-02-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $60 | Basic: $76 | Nonmember: $802Federal Tax Law Topic22TaxesNoneFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/WorkingAbroadAndForm2555TOC.pdfself study2019February2021-01-01T05:00:00Znonoyesno

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