Income Tax Preparation (Accounting 17)

This comprehensive course is intended for individuals to enter the tax profession and enable them to prepare individual tax returns for the public, including individual taxpayers who operate sole-proprietor businesses.

At the completion of the course, students will be able to prepare most individual tax returns and Schedule C for small business returns. This tax course is a qualified course by the California Tax Education Council (CTEC) and fulfills the requirements to become a California Registered Tax Preparer (CRTP).

Upon completion of this course the student will be able to:

• Prepare most individual tax returns.
• Perform a thorough interview with a taxpayer.
• Determine a taxpayer's filing status and eligibility for exemptions.
• Accurately report income and deductions for a taxpayer.
• Determine a taxpayer's eligibility for credits and deductions.
• Complete Schedules C-EZ, C and E.
• Compute depreciation for assets and eligibility for Section 179.
• Accurately calculate a taxpayer's refund or balance due.
• Advise a taxpayer in tax planning strategies.
• Become a California CTEC Registered Tax Preparer.