Tax Preparer Training
Many places, including universities, provide training for tax preparation. Training can cover a variety of filing topics, such as 1040 forms, filing status and filing requirements.
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Basic Class
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Basic, or beginners, classes provide guidance about filing tax returns and information about income and wages, interest and dividends, tax credits, child care credits, health savings accounts, charitable contributions, and adjustments to income and retirement planning and income. These are items that appear on many tax returns. You must understand all of the basic concepts in the beginning stages before going to the next level.
Intermediate Class
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The intermediate portion of training covers other topics such as new tax laws, itemized deductions, foreign tax credit, education credit, earned income credit, unemployment compensation and retirement income. This phase usually includes some of the same items in the previous phase, but they are explored more in depth. This step gets you ready to prepare tax returns that are a little more complicated.
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Advanced Class
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The advanced course is comprehensive and covers other topics such as dealing with stocks and issues regarding the sale of your home. The advanced curriculum provides training in some of the other categories covered in the basic and intermediate levels, but the information is more in depth.
Features
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Class prices vary by location and by company or school. Some programs offer an 11-week course. Compare the prices of several business institutions to see which is the more cost effective. You will find a variety schedules including day, evening and weekend classes.
Categories
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Some programs offer coursework dealing specifically with how to handle military personnel, international tax law, and foreign students and scholars, and the tax problems and challenges they are faced with.
Learning Styles
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You might prefer a self-study program which enables you to complete the class at your own pace. However, many students enjoy the traditional format. In this classroom-based setting, you get a chance to ask questions, listen to lectures and even take part in role play.
Misconceptions
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Once you have completed all of the coursework, you are qualified to prepare tax returns. This training does not prepare you to become a Certified Public Accountant, (CPA), nor does it prepare you for the CPA exam. The training is not a degree program for an associate's, bachelor's or master's. However, some programs allow you to accumulate credit hours towards specific colleges.
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