As a reputable tax preparer, we don’t have to tell you the importance of continuing education. Whether you’re just starting out in your career or are an experienced pro, we have education for all levels of knowledge. Our online trainings are a great way to take a deep dive into tax topics that, over three sessions, use videos, interactive modules and live case studies with an instructor available for questions.
We’re offering multiple online trainings this fall, all of which can be taken individually or built upon to create a better understanding of complicated tax topics. Here’s a quick preview to learn more:
Basics of Business Entity Taxation: This course is for the tax preparer or their staff who need to know how to prepare a basic business return. We’ll walk through procedures to complete basic returns for partnerships, S corporations and C corporations. At the end, we’ll use a case study to test your knowledge.
Resolving Complicated Partnership & S Corporation Activity: Enhance your tax business by expanding your knowledge of partnership and S corporation taxation. Partnership topics include guaranteed payments, making the §754 election, changes in partner ownership and hot assets. S corporation topics include reasonable compensation for shareholders, built-in-gains (BIG) tax and changes in shareholder ownership.
Introduction to Tax Preparation: If you’re looking for a jumping off point to learn the basics of tax preparation, this is it. This course outlines the basics of individual income tax reporting with a step-by-step analysis of Form 1040, U.S. Individual Income Tax Return, and its accompanying schedules. If you have new staff on your team, this is a great way to get them up to speed.
Introduction to Schedules C & E: This course is for the tax pro who knows the basics of tax prep but need to know more about expanded forms and concepts such as preparing a return for a sole proprietorship, a rental property activity and pass-through income from Schedule K-1s.
Reporting Unique Form 1040 Transactions: Tax preparers encounter quite a few unusual circumstances, even when preparing Forms 1040. We’ll review the foreign income exclusion, employee stock benefits (including ISOs), restricted stock units and employee stock purchasing plans. We’ll also show you the proper reporting for a publicly traded partnership Schedule K-1, a claim of right, the sale of a life estate and like-kind exchanges.
About National Association of Tax ProfessionalsThe National Association of Tax Professionals (NATP) is the largest association dedicated to equipping tax professionals with the resources, connections and education they need to provide the highest level of service to their clients. NATP is comprised of over 23,000 leading tax professionals who believe in a superior standard of ethics and exemplify professional excellence. Members rely on NATP to deliver professional connections, content expertise and advocacy that provides them with the support they need to best serve their clients. The organization welcomes all tax professionals in their quest to continually meet the needs of the public, no matter where they are in their careers.
The NATP headquarters is located in Appleton, WI. To learn more, visit www.natptax.com.
Information included in this article is accurate as of the publish date. This post is not reflective of tax law changes or IRS guidance that may have occurred after the date of publishing. All taxpayer circumstances are different, and NATP recommends contacting research services if you have specific questions about your clients’ tax situations.