myCPE
myCPE

Tax Prep for Beginners: Individual & Business

Land a Job with or without a Degree with our U.S. Individual & Business Tax Professional Certification

  • Our courses fast-track expertise compared to traditional CPA and EA degrees.
  • Earn a shareable certificate for your LinkedIn profile.
  • Learn from top industry exprets Jason Dinesen, EA, LPA & Nick Preusch, CPA.
  • Gain practical expertise in tax calculations and filing.
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Enrollments

6,300+ 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 certification program is the first and essential module within a three-part series on U.S. Individual and U.S. Business Tax. It serves as an introductory course that familiarizes learners with the U.S. Individual Federal tax system and the U.S. Business Federal tax system. The program delivers both theoretical and practical knowledge through a combination of Quizzes and Simulations.

Major Topics covered

Filing Requirements

Dependents

Filing Status of Qualifying Relative and Child

Filing Status of Head of Household

Various Income Items

Adjustments for AGI

Deductions

Tax Calculation

Credits & Refunds

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. Filing requirements
7 Mins 1 Session
  • Filing requirements
2. Dependents
1 Hr, 32 Mins 7 Sessions
  • Dependents in general
  • Qualifying child
  • Qualifying relative
  • Miscellaneous scenarios
  • Divorce
  • Tiebreaker rules
  • Combined Quiz for Modules 1 & 2_Answers Review
3. Filing status
1 Hr, 11 Mins 7 Sessions
  • Head of Household introduction
  • Head of Household Rule 1-5
  • Head of Household and Divorce
  • Filing Status in the Year of Death
  • Issues Specific to Married Couples
  • Joint vs. Separate Returns
  • Module 3 Quiz_Answers Review
4. Income items
3 Hrs, 15 Mins 18 Sessions
  • Income: W2
  • Interest and dividends
  • Capital gains and losses, plus Form 1099-B
  • Quiz on Sub-Modules 01-03_Answers Review
  • Pension and Retirement Income (includes 1099-R)
  • Social Security Income Taxation
  • Quiz on Sub-Modules 04-05_Answers Review
  • Schedule 1: Taxation of State Refunds
  • Schedule 1: Alimony
  • Schedule 1: Unemployment Compensation
  • Schedule 1: Gambling Income
  • Quiz on Sub-Modules 06-09_Answers Review
  • Schedule C: An Introduction to the Basics
  • Quiz on Sub-Modules 10_Answers Review
  • Schedule E Page 1: An Introduction to the Basics
  • Quiz on Sub-Modules 11_Answers Review
  • Dealing with Schedule K-1: Introduction
  • Quiz on Sub-Modules 12_Answers Review
5. Adjustments for AGI
48 Mins 6 Sessions
  • Schedule 1: Educator Expenses
  • Schedule 1: Student Loan Interest
  • Schedule 1: Health Savings Accounts
  • Schedule 1: IRA Deductions in General
  • Schedule 1: Self-Emloyed Health Insurance Deduction
  • Module 5 Quiz_Answers Review
6. Deductions
1 Hr, 19 Mins 3 Sessions
  • Itemized Deductions
  • Qualified business Income: The Basics
  • Module 6 Quiz_Answers Review
7. Tax Calculation
60 Mins 8 Sessions
  • Tax Calculation Intro
  • Alternate Minimum Tax for Beginners
  • Premium Tax Credit Repayment
  • Self-Employment Tax
  • Additional Taxes on Tip Income
  • Additional Taxes on IRA Withdrawals (for Beginners)
  • Additional Medicare tax and Net Investment Income Tax
  • Module 7 Quiz_Answers Review
8. Credits
1 Hr, 44 Mins 9 Sessions
  • Child Tax Credit and Earned Income Credit
  • Child and Dependent Care Credit
  • Education Credits
  • Retirement Savings Credit
  • Residential Energy Credit
  • Credit for the Elderly or Disabled
  • Premium Tax Credit
  • Excess Social Security Tax
  • Module 8 Quiz Answers Review
9. Payments
4 Mins 1 Session
  • Withholding and Estimated Taxes
10. Filing & Refunds
17 Mins 2 Sessions
  • E-File Requirements & Refund/amount owed procedures
  • Combined Quiz for Modules 09-10_Answers Review
11. 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
12. 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)
13. 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
14. Adjusting Entries
28 Mins 4 Sessions
  • What Are Adjusting Entries?
  • Common Adjusting Entries
  • Multiple Choice Question Review
  • Simulation 3 Review
15. Intro to Business Tax Issues
16 Mins 2 Sessions
  • Business Tax Issues
  • Multiple Choice Question Review
16. Tax Adjusting Entries
21 Mins 4 Sessions
  • What are Tax Adjusting Entries
  • Common Tax Adjusting Entries
  • Multiple Choice Question Review
  • Simulation 4 Review
17. 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
18. 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
19. S Corps Returns Form 1120S
56 Mins 5 Sessions
  • The Form
  • S Corp Conversions
  • Shareholder Basis
  • Multiple Choice Question Review
  • Simulation 6 Review
20. 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
21. State and Local Income Tax Considerations
11 Mins 1 Session
  • Basic State and Local Income Tax Considerations
      22. Final Quiz

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Job Opportunities

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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 Individuals Taxation. Navigate the U.S. Individual & 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. Individual & U.S. Business Taxation Courses in the coming months. Once you complete all these certificates, you are ready to call yourself a Specialist Individual Tax & Business Tax Professional.

U.S. Individual Tax & U.S. Business Tax Certificate will cover the basics of the Individuals in the United States which will cover :-

U.S. Individual Tax

  • Filing Requirements
  • Dependents
  • Filing Status of Qualifying Relative and Child
  • Filing Status of Head of Household
  • Various Income Items
  • Adjustments for AGI
  • Deductions
  • Tax Calculation
  • Credits Refunds

U.S. Business Tax

  • 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 10 modules that focused on Basic of Individual Taxation & 11 modules that focused on Basic 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.

You can obtain your certificate upon successfully finishing all the progressive learning course modules for U.S. Individual & U.S. Business Tax and achieving a passing score of over 70% on the Final Exam. Once these criteria are met, you will be able to generate your 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.

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  • By providing expert knowledge, practice quizzes, and Simulations, students will be able to grab a better opportunity in their sector.
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