This course covers essential topics such as IRS guidelines for Form 1040 and supplemental schedules, initial client setup in Drake Tax Software, accurate data entry for wages and adjustments, preparation of Schedules C, E, and K-1, itemized deductions, due diligence requirements, drafting and reviewing tax returns, e-filing, and filing amended returns while addressing common errors.
Tax professionals, accountants, CPAs, enrolled agents, freelancers, and consultants who prepare individual tax returns or handle complex forms like Schedules C, E, and K-1, and those seeking to enhance their skills in using Drake Tax Software for efficient and compliant tax preparation.
This course emphasizes practical learning through real-life case studies and hands-on examples. It breaks down complex tax concepts into manageable steps for easy application. Learners can directly apply the skills in their day-to-day business tax scenarios.
Participants gain access to comprehensive learning materials, including detailed course modules, real-life case studies, and interactive quizzes. It covers fundamental business tax topics and strategies for tax planning. Access to downloadable resources and expert insights is also included.
The instructor for this course brings specialized expertise in individual tax preparation and Drake Tax Software. With extensive experience in navigating IRS guidelines and preparing accurate Form 1040 filings, they are adept at breaking down complex tax processes into simple, actionable steps. Additionally, the instructor has a proven track record of teaching complex tax topics in an accessible, step-by-step format.
Upon completing the 1040 Tax Prep with Drake: A Guide to Individual Returns course, you'll be equipped for a variety of career opportunities, including roles such as tax preparer for individuals and small businesses, enrolled agent, CPA, freelance tax consultant, or IRS-certified preparer. You can also pursue specialized positions like tax software trainer, amended return specialist, or tax analyst, providing expert services in tax compliance, filing, and consulting, both independently or within firms.
