myCPE
myCPE

U.S. Business Tax Preparer Course

Become Job Ready with Professional Preparer Courses in U.S.

  • Learn from real world business tax expert with practical case studies and simulations.
  • Get a comprehensive understanding of business organizations, accounting methods and related tax issues.
  • Idea course for non-degree holders seeking short term programs for individuals.
  • Suitable for Individuals without college degree wanting to join tax firms.
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Enrollments

9,000+ people-trained

Why Professionals Trust Our Practical Training Programs

  • Programs designed to build skills for more workplace efficiency.
  • Comprehensive tax training aligned with industry standards.
  • Supportive learning tools for application of knowledge.
  • Regular updates to course for staying with industry trends.
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Course Details

What You’ll learn

This is one of the First and Basic Courses in three courses of U.S. Business Tax Courses. This Certification introduces the U.S. Business Federal tax System via conceptual and applied material through Quizzes and Simulations.

Major Topics covered

Introduction to Business Organizations

Fixed Assets - Depreciation and Dispositions (Installment Sales covered in Intermediate)

Accounting Methods

Adjusting Entries

Intro to Business Tax Issues

Tax Adjusting Entries

QBI

Partnership Returns Form 1065

S Corps Returns Form 1120S

C Corp Returns Form 1120

State and Local Income Tax Considerations

Disclaimer : Before attending any course, please verify that the credit details align with your qualification requirements. This certificate is designed to help you acquire new skills and knowledge, which may or may not fulfill specific compliance criteria. While we have made every effort to ensure our courses adhere to compliance standards, we recommend reviewing the details to confirm applicability for your needs.

Course Modules

Course Title Time Total Session
1. Introduction to Business Organizations
1 Hr, 48 Mins 7 Sessions
  • Introduction
  • Types of Business Tax Returns: Sch C, C Corps, S Corps and Partnerships
  • Multiple Choice Questions - Review
  • LLCs: Understanding LLC's and LLC Classifications
  • Record Keeping: Financial Statements and the Trial Balance
  • Case Study 1 Review
  • Simulation 1 Review
2. Fixed Assets - Depreciation and Dispositions (Installment Sales covered in Intermediate)
2 Hrs, 24 Mins 14 Sessions
  • Expensing vs. Capitalizing
  • Case Study 1 Review
  • Basis and Adjusted Basis
  • Case Study 2 Review
  • Depreciation
  • Case Study 3 Review
  • IRC 179
  • Bonus Depreciation
  • Simulation 2 Review
  • Calculating Gain or Loss on Assets
  • Form 4797
  • Case Study 4 Review
  • Safe Harbor and Small Business Elections
  • Like Kind Exchange Intro (just an intro to what it is… deeper dive in intermediate)
3. Accounting Methods
1 Hr, 5 Mins 5 Sessions
  • Accounting Periods
  • Accounting Methods
  • Inventories
  • Multiple Choice Question Review
  • Change In Accounting Methods - Intro - Will cover Accrual to Cash Adjustment and 3115s in Intermediate or Advanced
4. Adjusting Entries
28 Mins 4 Sessions
  • What Are Adjusting Entries?
  • Common Adjusting Entries
  • Multiple Choice Question Review
  • Simulation 3 Review
5. Intro to Business Tax Issues
16 Mins 2 Sessions
  • Business Tax Issues
  • Multiple Choice Question Review
6. Tax Adjusting Entries
21 Mins 4 Sessions
  • What are Tax Adjusting Entries
  • Common Tax Adjusting Entries
  • Multiple Choice Question Review
  • Simulation 4 Review
7. QBI
1 Hr, 48 Mins 11 Sessions
  • The Calculation
  • QBI - Multiple Choice Review -1
  • SSTBs
  • QBI - Multiple Choice Review -2
  • W-2 Wages
  • UBIA
  • QBI - Multiple Choice Review -3
  • QBI Defined
  • Aggregation
  • Real Estate
  • QBI Final Exam- Multiple Choice Review
8. Partnership Returns Form 1065
1 Hr, 16 Mins 7 Sessions
  • The Form
  • Definitions
  • Distributions
  • Capital Accounts
  • Outside Basis
  • Multiple Choice Question Review
  • Simulation 5 Review
9. S Corps Returns Form 1120S
56 Mins 5 Sessions
  • The Form
  • S Corp Conversions
  • Shareholder Basis
  • Multiple Choice Question Review
  • Simulation 6 Review
10. C Corp Returns Form 1120
45 Mins 6 Sessions
  • The Form
  • Dividends Received Deduction
  • Dividends
  • Special C Corp Provisions
  • Multiple Choice Question Review
  • Simulation 7 Review
11. State and Local Income Tax Considerations
11 Mins 1 Session
  • Basic State and Local Income Tax Considerations
      12. Final Quiz

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Frequently Asked Questions

The tax landscape is continuously changing faster than ever. It is essential to make sure you are well-versed in the Basics of Business Taxation. Navigate the U.S. Business Tax Environment to present yourself with a better opportunity in the job market.

Note: We are also bringing Intermediate and Advanced Level U.S. Business Taxation Courses in the coming months. Once you complete all these certificates, you are ready to call yourself a Specialist Business Tax Professional.

The topics covered in this course are:-

  • Introduction to Business Organizations
  • Fixed Assets - Depreciation and Dispositions (Installment Sales covered in Intermediate)
  • Accounting Methods
  • Adjusting Entries
  • Intro to Business Tax Issues
  • Tax Adjusting Entries
  • QBI
  • Partnership Returns Form 1065
  • S Corps Returns Form 1120S
  • C Corp Returns Form 1120
  • State and Local Income Tax Considerations

In addition to detailed Course material, you will be given a Practical Quiz and Simulations at the end of each module.

This course will have 11 modules that focused on Basics of Business Taxation.

Access to lectures and quizzes will be given immediately upon the purchase of the course and It will be available to you until you complete the Course and gain the Certificate.

  • When you enroll in the course, you get access to all of the courses in this Certificate Course, and you earn a certificate when you complete the all Video Lectures, Quizzes, and Simulations.
  • Your electronic Certificate will be added to your Profile page of myCPE - from there, you can print your Certificate or add it to your LinkedIn profile.

When you finish the whole course and complete the quizzes and Simulations, you'll earn a Certificate that you can share with prospective employers and your professional network.

At myCPE, we are committed to quality service. You will get a detailed video explanation of all the Quiz questions and Simulations which are available in this certificate course.

  • myCPE is committed to providing in-depth and excellent knowledge to professionals which will allow them for growing in their professional careers.
  • myCPE is an Industry Leader in providing Continuing Education to CPAs, EAs, Auditors, and other professionals with humongous options in continuing education with Packages, Nano Learning Courses, E-books, and Certificate Courses.
  • By introducing PCC Courses, will not only help credential degree holders but also help non-degree holders to make their mark in the industry.
  • By providing expert knowledge, practice quizzes, and Simulations, students will be able to grab a better opportunity in their sector.
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