Professional Tax Preparer™ (PTP)

What You’ll Learn | Course Description | Lessons

As a certified Professional Tax Preparer™ you’ve been trained and tested to provide the quality planning & preparation services expected from a tax preparer. What better service to complement accounting than tax preparation and planning? By mastering this one skill you can increase your income by approximately $100+ per hour. Line by line, the Universal Accounting®’s Professional Tax Preparer™ program will teach you how to complete individual and business returns so that you can either prepare taxes on the side or start your own tax business full-time.

Course Description

Establishing the Tax Preparation Foundation: Learn the entire process for determining income and adjustments to income, which will factor into the Adjusted Gross Income
(Establishing The Tax Foundation – Table of Contents)

Becoming the 1040 Expert: Understand all the adjustments that can be made to adjusted gross income, including credits that are allowed and different types of deductions and exemptions that can be taken against that adjusted gross income number
(Becoming the 1040 Expert – Table of Contents)

Profitable Business Returns: Experience completing each of the schedules and forms common to business organizations. See the various business types and why one may be chosen over another. Learn tax concepts in accounting, “Elements of Business Financial Statements,” and how to report gains and losses on dispositions of business property
(Profitable Business Returns – Table of Contents)

Finding Employment with Confidence: In this economy, this service could be just what you need to help you secure a lucrative position in this competitive market. In this course you’ll receive the training and help to:

Find new or better employment
Get a promotion
Receive a pay increase

With this training you receive instructions related to:

Creating a compelling resume, cover letter, as well as completing onsite applications
Daily proven activities to find the employment opportunities
Interviewing strategies, tips and tricks
Post interview suggestions

Along with the course you also receive related coaching and support including reviewing the cover letter, resume and role playing interviews.

Building Your Successful Professional Tax Preparation Practice: The turnkey process to start & build a successful tax preparer business. This includes proven marketing strategies, pricing, client interviewing for tax planning and preparation and much more.

Find new or better employment
Get a promotion
Receive a pay increase

With this training you receive instructions related to:

Creating a compelling resume, cover letter, as well as completing onsite applications
Daily proven activities to find the employment opportunities
Interviewing strategies, tips and tricks
Post interview suggestions

Along with the course you also receive related coaching and support including reviewing the cover letter, resume and role playing interviews.

Your Enrollment Also Includes

Assigned Coaches and Mentors

An Orientation Counselor to help you get set up and through the training

An Academic Coach (tutor) to learn the material and help with related real world questions

A Marketing Coach to help you apply our proven turnkey business plan to find and engage with your ideal clients as you start and build your business. Upon completion of the program you’ll have the opportunity to speak with your assigned business coach and have a Marketing Implementation Session. This will be a one-on-one discussion to develop your business plan and a clear marketing strategy to get you the clients you need.

Career Options

This course prepares you for possible employment in the following occupations:

Accountant Accounts Payable Clerk
Accounts Receivable Clerk
Bookkeeping Clerk
Payroll Clerk
Accounting Clerk
General Ledger Bookkeeper

Office Manager
Accountant
Controller
Full-charge Bookkeeper
Internal Auditor
General Ledger Accountant

Lessons

Establishing The Tax Foundation – Table of Content

Becoming the 1040 Expert – Table of Content

Profitable Business Returns – Table of Content

BONUS – Enroll TODAY and receive for FREE: Annual Filing Season Program

TAX PREPARERS GONE BAD
ANNUAL TAX PRIMER
INDIVIDUAL FILING REQUIREMENTS
ANNUAL FEDERAL TAX REFRESHER COURSE – AFTER (NON-CREDENTIALED/NON-EXEMPT)

Establishing The Tax Foundation – Table of Content

Becoming the 1040 Expert – Table of Content

Profitable Business Returns – Table of Content

Building a Successful Tax Practice – Table of Content

BONUS – Enroll TODAY and receive for FREE: Annual Filing Season Program

TAX PREPARERS GONE BAD
ANNUAL TAX PRIMER
INDIVIDUAL FILING REQUIREMENTS
ANNUAL FEDERAL TAX REFRESHER COURSE – AFTER (NON-CREDENTIALED/NON-EXEMPT)

The opportunity to become certified as a Professional Tax Preparer and use the (PTP) designation upon qualification.
Assigned Coaches and Mentors
An Orientation Counselor to help you get set up and through the training
An Academic Coach (tutor) to learn the material and help with related real-world questions

BONUS

UAC Tax – offers a simple, guided online interview for individual tax preparation. It combines 1040 interview software with scheduling and tracking tools, bank products, and individual pricing structures for the Professional Tax Preparer. All states and electronic filing are included with our UAC Tax software.
As an IRS-authorized e-file provider and partner, UAC Tax shares in the IRS mission to increase income tax filing through e-file. UAC Tax’s purpose is to provide individuals with simple, secure, fast, and accurate income tax preparation and get their refunds back fast… at a low price.
The software is powered by OLT PRO. https://www.oltpro.com/

“Our goal is to offer a simple, fast, accurate, comprehensive, affordable, and reliable preparer software!”

Professional Tax Preparer program summary

Module 1 – Establishing the Tax Foundation acts as an introduction to the topic of Professional Tax Preparation. From what your role is as a Tax Preparer to the nuts and bolts of preparing the most common Tax Returns. Learning this material first not only gives you a solid foundation in your understanding of the process of preparing tax returns but is also very helpful in that once you have a solid understanding of this material, you can begin to prepare individual tax returns. Module 2 – Becoming the 1040 Expert deals with the background information and forms that go into Form 1040, Page 2. We also discuss all the adjustments that can be made to adjusted gross income, including credits that are allowed and different types of deductions and exemptions that can be taken against that adjusted gross income number. In Module 3 – Profitable Business Returns introduces you to the world of business organizations and their tax concerns. This module is a practical companion to Module 2, as it gives you experience in completing each of the schedules and forms common to business organizations. The Professional Tax Preparer (PTP) program prepares individuals to pass the Enrolled Agent Exam covering the Individual and Business Tax portions. The PTP program does not cover in depth the Representation section of the EA exam, or how to represent your client in tax court before the IRS.

There are 3 parts to the EA Exam:

1. Individual Tax Law

2 Business Tax Law

3 Representation: Principles and Practices.

BONUS – Enroll NOW and receive for FREE: Annual Filing Season Program with 18 hours of instruction!

For a limited time this $690 is included with your enrollment in the Professional Tax Preparer program TAX PREPARERS GONE BAD This 2 Credit Hour Course focuses on specific cases of Tax Preparers Gone “Bad”?. Your instructor, Arthur Reed, MBA, CPA, MST analyzes tax fraud cases that have hit the headlines. He will then relate the violations to the IRS Circular 230 publication. In some cases the tax preparer’s violations went on for years, and it is amazing that the frauds went on as long as they did. Not only will this course cover the specifics of the fraud cases, it will provide important ethics updates for tax preparers. Also covered is the TIGTA report, EITC ethical issues, IRS bulletin 2017-35 and an overview of penalties. All hours are documented and any exams are graded in real time. Once successfully completed, Lambers Review will send the data file to the IRS based on your PTIN to report CE credits on your behalf. ANNUAL TAX PRIMER This 8 hour course will provide a thorough review of all four portions of the Tax Cuts and Jobs Act Bill (H.R.1.) while also explaining the provisions that have changed for 2020. This course will also provide a summary description of all provisions referenced in the Tax Cuts and Jobs Act for each of the primary sections and will identify which sections changed for 2018 and which were updated for 2020. This course will cover the following topics:

Individual Tax Reform
Business Tax Reform
Exempt Organizations
International Tax Provisions

8 Credit Hour Video Based Course All hours are documented and any exams are graded in real time. Once successfully completed, Lambers Review will send the data file to the IRS based on your PTIN to report CE credits on your behalf. INDIVIDUAL FILING REQUIREMENTS This 2 hour course is taught by Andrew Clark, EA. When filing a federal income tax return, it is very important to know who is actually required to file a return and the criteria surrounding the filing of a federal income tax return. Due to the inclusion of the Tax Cuts and Jobs Act into law, filing requirements for individual taxpayers have been drastically altered. This course will focus on the updated filing requirements surrounding individual taxpayers across all filing types. Additionally, this webinar will go into detail regarding the updated basic standard deduction, additional standard deduction, personal deduction, and penalty amounts. Finally, this webinar will go over the filing of a deceased taxpayer’s federal income tax return and the treatment of decedent income. ANNUAL FEDERAL TAX REFRESHER COURSE – AFTR (NON-CREDENTIALED/NON-EXEMPT) Universal Accounting Center with Lambers Review offers one of a kind online self-study video courses to meet all your IRS Continuing Education needs. The convenience of our courses are second to none and are the only self-study videos on the market today. Play, skip, rewind, pause and come back later… Study anytime, anywhere, 24/7! No need to attend an expensive, time consuming live seminar. You get your CE credits on your time. The Lambers Annual Federal Tax Refresher Course (AFTR) will prepare you to pass the included 100 question final exam. Your professor, Eva Rosenberg, EA walks you through all the topics needed to successfully complete the IRS Annual Filing Season Program (AFSP). Course includes over 6 hours of video instruction and corresponding 100 question final exam. This course counts for 6 Hours of CE Credit. This 6 credit hour course walks you through all the topics needed to successfully complete the IRS Annual Filing Season Program (AFSP) This course will cover the following topics: Domain 1 – New Tax Laws and Recent Updates

1.1 Annual Inflation Adjustments 1.2 – 1.10 Various Updates 1.11 Current Status of Extenders

Domain 2 – General Review

2.1 Taxability of Earnings 2.2 Schedule B – Part I through Part III 2.3 Retirement Income 2.4 Roth – No Recharacterization 2.5 Alimony – Pre and Post 2018 2.6 Schedule C – Profit or Loss from Business (Sole Proprietorship) 2.7 Schedule D and Form 8949 2.8 Standard Deductions 2.9 Schedule A – Itemized Deductions 2.10 Tax Credit Eligibility 2.11 Overview Topics 2.12 Withholding and Estimated Taxes 2.13 Balance Due and Refund Options 2.14 Tax Return Due Dates & Extensions

Domain 3 – Practices, Procedures and Professional Responsibility

3.1 Tax Related identity theft 3.2 Safeguarding Taxpayer Data 3.3 Taxpayer Identification Numbers 3.4 Preparer Penalties 3.5 Due Diligence in Preparing Returns 3.6 E-File Requirements 3.7 Annual Filing Season Program

All hours are documented and any exams are graded in real time. Once successfully completed, Lambers Review will send the data file to the IRS based on your PTIN to report CE credits on your behalf. You will find yourself light years ahead of the competition as you put these strategies into play. Each session in this module provides proven and practical direction for starting a tax preparation business and growing it profitably. These sessions will also help you work confidently and professionally with prospective and current clients.

Convenient At-Home Learning

The Professional Tax Preparer™ Certification Program consists of 67 hours of training. Our tax preparation courses include the books and worksheets (over 600 pages of instruction and reference materials). This PTP tax training course is very engaging and entertaining. You have the flexibility to complete the courses on your own time, in a way that fits your life. The course is taught by our experienced tax accounting professionals who give practical advice on not only tax issues, but also provide real-world solutions to give you the edge in productivity and profitability. Our tax instructors know what challenges you will face because they have been there themselves.

• 481 Video & Workbook Lessons
• Clock Hours: 57
• Designed to be done in 5 to 7 weeks
• Three Manuals with exclusive bonus content
• Online access, anywhere, anytime
• The opportunity to certify your skills
• Related Coaching & Support