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ed2go Business Accounting Chartered Tax Professional
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Chartered Tax Professional

A Chartered Tax Professional (CTP) is someone who has completed a specific series of tax courses in individual and small business income tax preparation. This nationally recognized innovative online certificate course enables you to start working and earning money while completing coursework toward the CTP professional credential.

After successfully completing this course, you will be qualified to prepare individual tax returns for almost all U.S. taxpayers and will also have the tax knowledge to successfully pass the Special Enrollment Examination (SEE). The Special Enrollment Examination (SEE) is a test that individuals can take to become an Enrolled Agent in the United States. The Enrolled Agent credential is issued and regulated by the Internal Revenue Service (IRS).

Attention California Residents!

If you live in California and plan to become a preparer of Federal and/or state income tax returns, you must meet the requirements of the California Tax Education Council (CTEC) to become licensed to practice as a California Tax Preparer. In that case, you should instead take the Chartered Tax Professional for California Residents course, which will enable you to meet the CTEC requirements while also earning your professional CTP designation.

Attention Oregon Residents! This course is not suitable for Oregon residents

Upon registering, you're given eighteen (18) months to complete this course.

18 Months / 180 Course Hrs
Open enrollment

Offered in Partnership with your Preferred School

Flint Hills Technical College

Why this school? It's been chosen based on your location or if you've visited this school's website. Change School

Learning Method

Instructor-led

Self-Paced. Study on your own schedule

Contact Us for additional information

Chartered Tax Professional

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Details + Objectives

Course Code: GES219

What You Will Learn
  • Master preparing taxes for individuals, small businesses, partnerships, and sole proprietorships
  • Prepare for the IRS Enrolled Agent exam
  • Learn how to conduct a professional tax preparation client interview
  • Practice and work as a qualified tax professional
  • Learn how to prepare tax returns for all individual U.S. taxpayers
  • Understand the ethical responsibilities of tax professionals
How the course is taught
  • Self-paced, online course
  • 18 months to complete
  • Open enrollment, begin anytime
  • 180 course hours
How you will benefit
  • Start working and earning money after completing the first two modules of the course
  • Develop a professional vocabulary and the communication skills required to flourish in the accounting world
  • Become qualified to prepare taxes for a variety of tax-holders and small companies
  • Possess the necessary knowledge and skillset required to pass the IRS Enrolled Agent exam

Outline

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Comprehensive Income Tax Course (for Individuals)

Learn a detailed account of how to file an individual's income tax return. You'll cover forms W-2, 1099, and 1040 in detail.

Advanced Income Tax Course (for Individuals)

Understand the fundamentals of tax preparation before moving on to advanced income tax best practices. Cover things like special credits, capital gains, sale of stock, and more.

Advanced Income Tax Course – Level II (for Individuals)

Learn about unique tax situations that require special attention such as net operating losses, tax issues for divorced taxpayers, tax issues for high-income taxpayers, and more.

Income Tax Course – Level I (for Small Businesses)

Discover the best practices for preparing taxes for small businesses. Review various business types and accounting methods so you'll be better prepared to advise future clients.

Income Tax Course – Level II (for Small Businesses)

Master dealing with partnership and corporation issues. Understand the sales and liquidations of business and how it pertains to accounting. Cover what to do when your client owes the IRS and how to correct or amend past business returns.

Details
  1. Individual Income Tax Preparation
    1. Comprehensive Income Tax Course
      1. Electronic Filing
      2. W-2 and 1099 Forms
      3. Form 1040 (1040 EZ/A)
      4. Interview Techniques
      5. Filing Requirements
      6. Filing Status
      7. Exemptions and Dependents
      8. Earned Income Tax Credit
      9. Due Diligence
      10. Child Care and Tax Credit
      11. Interest and Dividends
      12. Other Income
      13. Adjustments to Income
      14. Moving Expenses
      15. Itemized Deductions
      16. Employee Business Expenses
      17. Sale of Real Estate
      18. Depreciation: MACRS and ACRS
      19. Self-employment
      20. Filing Requirements
      21. Rental Property
      22. Capital Gains and Losses
      23. Education Expenses and Plans
      24. Education Tax Benefits
      25. IRAs and Retirements Plans
      26. Ethics
      27. Kiddie Tax
      28. Taxpayer Relief Act of 1977
      29. Tax Saving Ideas
      30. Alternative Minimum Tax
      31. Office-in-Home
      32. Injured and Innocent Spouse
      33. Penalties
      34. Extension
      35. Amended Returns
    2. Advanced Income Tax Course: Level I
      1. Earned Income Credit
      2. Clergy
      3. Investments
      4. At-risk Rules
      5. Passive Activities
      6. Injured and Innocent Spouse
      7. Tax Credits, Special Credits
      8. COGS, Business Start-up
      9. Depreciation
      10. Amortization
      11. Section 179
      12. Employee Business Expense
      13. Office in Home
      14. Auto Expenses
      15. Self-employment Tax
      16. Statutory Employees
      17. Capital Gains and Losses
      18. Basis of Property
      19. Sale of Stock
      20. Installment Sales
      21. Rental Properties
      22. K-1s and 1099s
      23. Sale of Business Property
      24. Estimated Taxes
      25. Extensions
    3. Advanced Income Tax Course: Level II
      1. Amended Tax Returns for Individuals
      2. Special Needs and Concerns of Seniors
      3. Tax Issues for High-income Taxpayers
      4. Net Operating Losses
      5. Schedule D: Special Issues
      6. Tax Issues for Divorced Taxpayers
      7. Tax Planning Tips and Strategies
      8. Responding to the IRS
      9. Part-year Resident State Tax Preparation Principles
      10. Nonresident Alien Returns: Form 1040NR
  2. Small Business Income Tax Preparation
    1. Small Business Income Tax Course: Level I
      1. Introduction to Small Business Tax Preparation
      2. Business Types
      3. Accounting Methods
      4. Financial Statements
      5. Business Income
      6. Schedule C
      7. COGSand Inventory
      8. Depreciation
      9. Section 179 Deduction
      10. Contractor vs. Employee
      11. Sale of Business Property
      12. Partnerships
      13. Corporations: C, S, LLC
      14. Employee Taxes
      15. Excise Taxes
      16. Estate Taxes
      17. Extensions
      18. Estimates
      19. Employee Benefits
      20. Retirement Plans
    2. Small Business Income Tax Course: Level II
      1. Understanding the Balance Sheet
      2. Partnership Issues
      3. Corporation Issues
      4. General Business Credits
      5. Tax Issues Related to Buying a Business
      6. Sale or Liquidation of Business
      7. Profit or Loss From Farming: Schedule F
      8. Amended or Corrected Business Returns
      9. What to Do When You Owe the IRS?
      10. Tax Preparation for Non-profits: 501(c)(3), 501(c)(4), 501(c)(6), etc.
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Instructors & Support

Peoples Income Tax, Inc.

Instructor support is provided through email by experienced practicing tax professionals employed by Peoples Income Tax, Inc., a sister company of The Income Tax School.

Requirements

Requirements

Prerequisites:

A high school diploma or equivalent is a prerequisite for this course. Accounting and specific math skills aren't required, just the aptitude to work with numbers and people and to read and interpret the tax laws.

If you are taking this course to begin a career in taxation you will need to meet the following requirements:

  • Complete Comprehensive Tax Course (located within the course)
  • Register with the IRS and get a PTIN
  • Begin preparing tax returns as a tax preparer

Requirements:

Hardware Requirements:

  • This course can be taken on either a PC or Mac.

Software Requirements:

  • PC: Windows 8 or later.
  • Mac: OS X Snow Leopard 10.6 or later.
  • Browser: The latest version of Google Chrome or Mozilla Firefox are preferred. Microsoft Edge and Safari are also compatible.
  • Adobe Acrobat Reader. Click here to download the Acrobat Reader.
  • Software must be installed and fully operational before the course begins.

Other:

  • Email capabilities and access to a personal email account.
Instructional Materials

The instructional materials required for this course are included in enrollment. The following materials will be shipped to you approximately 7-10 business days after enrollment:

  • Federal Forms
  • Federal Worksheets
  • Instructions
  • Publication
  • Tax Preparer Resources

More About

Please note that your continuing education requirements will begin once your PTIN has been issued.

FAQs

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Can I register for a course if I am an international student?

Yes, ed2go courses are completely online. However, keep in mind that not all certifying bodies or industry-specific certifications are recognized internationally. Please review your country's regulations prior to enrolling in courses that prepare for certification.

Once I complete the course, how will I receive my certificate?

Once you've successfully completed each course (and your final exam has been graded), you'll need to fill out the Request for Certificate of Completion. Your instructor will then provide you with a certificate of completion by mail. Your CTP certificate will be issued after you've completed all courses with an average grade of 80% or more and have documented the 500 hours experience needed to qualify for the CTP designation.

When can I start the course?

This course is open enrollment, so you can register and start the course as soon as you are ready. Access to your course can take 24-48 business hours.

How long does it take to complete this course?

This course is self-paced and open enrollment, so you can start when you want and finish at your own pace. When you register, you'll receive eighteen (18) months to complete the course.

What if I don't have enough time to complete my course within the time frame provided?

The time allotted for course completion has been calculated based on the number of course hours. However, if you are unable to complete the course, contact your Student Advisor to help you work out a suitable completion date. Please note that an extension fee may be charged.

What kind of support will I receive?

You may be assigned with an instructor or team of industry experts for one-on-one course interaction. Your support will be available (via e-mail) to answer any questions you may have and to provide feedback on your performance. All of our instructors are successful working professionals in the fields in which they teach. You will be assigned to an Advisor for academic support.

What happens when I complete the course?

Upon successful completion of the course, you will be awarded a Certificate of Completion.

Am I guaranteed a job?

This course will provide you with the skills you need to obtain an entry-level position in most cases. Potential students should always do research on the job market in their area before registering.

Can I get financial assistance?

This course is non-credit, so it does not qualify for federal aid, FAFSA and Pell Grant. In some states, vocational rehab or workforce development boards will pay for qualified students to take our courses. Additionally, some students may qualify for financial assistance when they enroll, if they meet certain requirements. Financing is available from select schools. Learn more: https://www.ed2go.com/career/financial-assistance

How can I get more information about this course?

If you have questions that are not answered on our website, representatives are available via LIVE chat. You can also call us at 1-877-221-5151 during regular business hours to have your questions promptly answered. If you are visiting us during non-business hours, please send us a question using the "Contact Us" form.

Does this course qualify for Continuing Professional Education (CPE) credit?

Yes. The Income Tax School is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have final authority on the acceptance of individual courses for CPE credit:

Total: 165 CE hours

Are you approved by CTEC?

Yes. We have a California version of our CTP course that includes the curriculum approved by the California Tax Education Council (CTEC) for qualifying education required for tax preparers to become licenses to practice in California.

What course should I take to become a tax preparer in California?

The California CTP course is approved by CTEC as a qualifying course for California. There are additional requirements to become a tax preparer in California. Please visit CTEC Web site for more information.

How would you compare your school to other tax schools?

The Income Tax School is certified by the State Council of Higher Education for Virginia (SCHEV) as a private career school and is subject to the same standards as Virginia colleges governed by SCHEV. We are also a sponsor of the National Association of State Boards of Accountancy (NASBA) to provide CPE for CPAs. We're approved by the Office of Professional Responsibility at the Internal Revenue Services as provider of qualifying continuing education for IRS Registration Tax Return Preparers (RTRPs) and Enrolled Agents (EAs). This approval does not extend to licensees of The Income Tax School. We're approved by the Oregon Board of Tax Service Examiners.

The Income Tax School's programs were developed initially 19 years ago to recruit and train tax prepares for our multi-office practice in Virginia. Our curriculum is written and updated annually be experienced practicing tax professionals. All of the Income Tax School's programs are provided online in an interactive format with instructor support by e-mail rather than by traditional home-study correspondence. We provide learning objectives, lesson quizzes with instructional feedback, and auto-graded exams. Although all of the student textbook content is online, we also provide a hard copy of the student text for convenience and future reference at no additional charge. Our programs are high-quality and are designed to provide students with the knowledge necessary to prepare tax returns professionally.

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About Certification

Income Tax School (ITS)

The Income Tax School (ITS) is a national leader in tax preparation programs and training. ITS publishes educational materials as well as management manuals and webinars. The school also offers numerous tax training courses, such as continuing education seminars and tax certificate programs. Its Chartered Tax Certificate Program can help you master complicated tax preparation concepts and will give you a competitive advantage with any employer—and you can prepare for it through a certified course with us.

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