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Levels Tax Academy
COURSE INTRODUCTION
Welcome to Levels Tax Academy!
Meet Your Instructor!
Course Overview & Outline
Course Disclaimer
MODULE 1 - BECOMING A REGISTERED TAX PREPARER WITH THE IRS
The Role of a Tax Professional
The Benefits of Becoming a Tax Professional
How to Become a Tax Preparer
Completing a Tax Course (8:20)
Obtain Your PTIN (Preparer Tax ID Number) (4:01)
Due Diligence Training Module (IRS website) (2:15)
Module 1 - Practice Quiz
MODULE 2 - CUSTOMER SERVICE & ETHICAL OBLIGATIONS OF A PREPARER
Customer Service in the Tax industry (8:23)
Circular 230 - Professional Responsibility and Ethical Obligations of a Tax Preparer (3:25)
Who Can Practice Before the IRS? (11:41)
Due Diligence & Record Keeping (13:56)
The Interview Process & Client Intake Form
Understanding Tax Laws & Regulations
Important Tax Dates & Deadlines
Module 2 - Practice Quiz
MODULE 3 - INTRODUCTION TO TAX PREPARATION
Introduction to Tax Preparation
Filing Statuses (10:36)
Dependents - Qualifying Child vs Qualifying Relative (15:42)
Who Must File a Tax Return?
Overview on Paper and Electronic Filing Methods
Finding Tax Forms & Publications
Module 3 - Practice Quiz
MODULE 4 - INDIVIDUAL TAX RETURNS (THE 1040 FORM)
Introduction on Federal Individual Income Taxes
Form 1040 Overview (21:28)
Tax Schedules that attach to Form 1040 (30:03)
Standard Deduction vs Itemized Deductions (11:02)
Tax Credits vs. Deductions
Amending a Tax Return (13:47)
Module 4 - Practice Quiz
MODULE 5 - TYPES OF INCOME & COMMON TAX FORMS
The W2 Form (3:56)
1099 Forms (17:12)
The W4 Form (4:07)
1098 Forms (6:07)
Module 5 - Practice Quiz
MODULE 6 - SMALL BUSINESS TAX RETURNS (THE SCHEDULE C)
Types of Business Entities for Tax Purposes
Self-Employment Taxes
Small Business Tax Returns (Schedule C)
Beneficial Ownership Information Reporting for Small Businesses
Module 6 - Practice Quiz
MODULE 7 - TAX LAW CHANGES & UPDATES
Overview of Tax Law Changes
2024 Tax Law Changes
MODULE 8 - MARKETING YOUR TAX BUSINESS
Building Clients and Developing Your Practice
Marketing & Resources
Tax Flyers
PRACTICE RETURNS (1-5)
Practice Return Overview
Practice Return 1
Practice Return 2
Practice Return 3
Practice Return 4
Practice Return 5
PRACTICE RETURNS (6-10)
Practice Return 6
Practice Return 7
Practice Return 8
Practice Return 9
Practice Return 10
PRACTICE RETURNS (11-15)
Practice Return 11
Practice Return 12
Practice Return 13
Practice Return 14
Practice Return 15
PRACTICE RETURNS (16-20)
Practice Return 16
Practice Return 17
Practice Return 18
Practice Return 19
Practice Return 20
COURSE WRAP-UP
Next Steps - Continuing Education & AFSP Completion
Course Summary & Wrap-Up
Teach online with
Small Business Tax Returns (Schedule C)
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