Chartered Tax Professional

MSF101 / Hours: 180 / Access Length: 18 Months / Delivery: Open, Mentor Supported
Retail Price: $2,955.00 / Materials Included

Course Overview:

The Chartered Tax Professional (CTP) designation is the undisputed professional credential for persons who typically advise clients on income tax situations.  After completing this comprehensive program, certificates will be prepared to handle almost any individual and small business income tax situation encountered.  Candidates must successfully complete a series of five, computer-administered courses in income tax preparation. All courses are offered via the Internet and can be completed anywhere, anytime-24/7 – instructor support is included with each module.  Each module consists of ten 3-hour lessons and can be completed in 5-10 weeks (one or two lessons per week).  This program also includes the Enrolled Agent Review Essentials Pass Review Course. The three part Special Enrollment Exam (SEE) exam is included. There is also a 300 hour experience requirement that must be completed to receive the CTP certificate. 

This course cost INCLUDES the cost of the IRS SPECIAL ENROLLMENT EXAMINATION 3 part national certifciation exam(s).

Courses included in this bundle:

• Comprehensive Tax Course (48 hours)
• Advanced I Tax Course (30 hours)
• Advanced II Tax Course (30 hours)
• Small Business I Tax Course (30 hours) 
• Small Business II Income Tax Course (30 hours) 

Upon successful completion of the Chartered Tax Professional certificate program, you will be able to:

• Practice as a qualified tax professional
• Prepare tax returns for all individual U.S. taxpayers
• Prepare small businesses corporate, partnership & sole-proprietor tax returns
• Conduct a professional tax preparation client interview
• Provide tax planning for individuals and small business owners
• Meet the IRS e-file and due diligence requirements for tax practitioners
• Understand the ethical responsibilities of tax professionals
• Save money on your personal taxes and preparation fees
• Prepare for the IRS enrolled agent (EA) examination

Course Outlines:

Comprehensive Tax Course

The Comprehensive Tax Course will teach you the tools to start preparing most individual tax returns. Upon completion of this course, you will have the knowledge to start making money as a tax preparer.

CE Hours for Standard Edition

• Module 1: 12 hours Federal Tax Law
• Module 2: 12 hours Federal Tax Law
• Module 3: 12 hours Federal Tax Law
• Module 4: 12 hours Federal Tax Law (7 – Federal Tax Matters, 3 – Tax Law Updates, 2 – Ethics)

Total hours of CE awarded: 48 CE hours

Topics Include:

• Prepare most individual tax returns, including Schedules C, D, and E;
• Perform a thorough interview with a taxpayer
• Determine a taxpayer’s filing status and eligibility for exemptions
• Accurately report income and deductions for a taxpayer
• Determine a taxpayer’s eligibility for credits and deductions
• Compute depreciation for assets and eligibility for Section 179
• Accurately calculate a taxpayer’s refund or balance due
• Advise a taxpayer in tax planning strategies
• (CA Edition) Register with CTEC as a tax preparer, provided you obtain a PTIN and tax preparer bond. Learn more about CTEC requirements here.

 All credit hours and completed certificates to the IRS and/or CTEC (for California preparers). Students will also earn a Certificate of Completion that will be sent via email.

Advanced I Tax Course

Prior tax preparation experience/knowledge is suggested for the Advanced I course. Students normally enroll in this course after completing the Comprehensive Tax Course and working at least one season as a tax preparer.

Topics Include:

• Affordable Care Act
• Employee Business Expenses
• Clergy
• Investments
• Schedule C (Part I)
• Schedule C (Part II)
• At-Risk Rules and Passive Activities
• Rental Property (Part I)
• Rental Property (Part II)
• Alternative Minimum Tax, Injured and Innocent Spouse, Less Common
• Credits, and Penalties

Advanced II Tax Course

Prior tax preparation experience/knowledge is suggested for the Advanced II course. Students normally enroll in this course after completing the Advanced I Course and working at least one season as a tax preparer.

Topics Include:

• Amended Returns
• Special Needs and Concerns for Seniors
• Tax Issues for High Income Taxpayers
• Net Operating Losses
• Schedule D – Special Issues
• Issues for Divorced and Separated Taxpayers
• Tax Planning, Savings Strategy, and Updates
• Responding to the IRS
• State Returns and Conformity to Federal Law
• Nonresident Alien Returns – Form 1040NR

Small Business I Tax Course

Prior tax preparation experience/knowledge is suggested for the Small Business I course. Students normally enroll in this course after completing the Comprehensive Tax Course and working at least one season as a tax preparer.

Topics Include

• Business Organization
• Understanding Financial Reporting
• Income, Expenses, and Basis
• Dispositions
• Sole Proprietorships
• Partnerships 
• C Corporations
• S Corporations
• Employment Taxes
• Retirement Plans

Small Business II Tax Course

Prior tax preparation experience/knowledge is suggested for the Small Business II course. Students normally enroll in this course after completing the Small Business I Course and working at least one season as a tax preparer.

Topics Include:

• Partnership Issues (Part 1)
• Partnership Issues (Part 2)
• Corporation Issues (Part 1)
• Corporation Issues (Part 2)
• S-Corporations
• Form 990-EZ
• Fringe Benefits, Business Tax Credits, and Amended Returns
• Trusts – Form 1041
• Estates – Form 1041
• Tax Practitioner Regulations and Penalties and Security and
• Identity Theft

Enrolled Agent Review Course

Certificate Programs are a series of courses designed to be taken one at a time. In order to earn the CTP® designation, you must pass the courses with at least an 80% average grade on all graded assignments and meet the 300-hour experience requirement. Upon completing these requirements, you will be certified by The Income Tax School and can add the CTP® designation to your professional title.

Depending on when you purchase, you could start your first course and by the time you’re ready to start the next one a new edition could be available. For this reason, we give you access (and ship your books) to each course one at a time, to ensure you get the most up-to-date version available.

Certification(s):

By successfully completing the exams in this course, taking the review course, passing the SEE exams and completing the 300 hour experience, students will earn the designation of Chartered Tax Professional (CTP).

All necessary physical course textbooks are included.

System Requirements:

• Cable and DSL internet connections are recommended for the best experience.

• CPU: 1 GHz or higher
• RAM: 2 GB or higher
• Resolution: 1280 x 720 or higher
• Speakers / Headphones
• Microphone (Webinar / Live Online sessions)

• Microsoft Windows 7 or 10 (Home, Pro)
• Mac OSX 10 or higher.
• Latest Chrome OS
• Latest Linux Distributions

NOTE: While we understand that our courses can be viewed on Android and iPhone devices, we do not recommend the use of these devices for our courses. The size of these devices do not provide a good learning environment for students taking online or live online based courses.

• Latest Google Chrome is recommended for the best experience.
• Latest Mozilla FireFox
• Latest Microsoft Edge
• Latest Apple Safari

• Office suite software (Microsoft Office, OpenOffice, or LibreOffice)
• PDF reader program (Adobe Reader, FoxIt)
• Courses may require other software that is denoted in the above course outline.