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Tax Prep 301
Class Outline
Overview
Module 1: Introduction to Advanced Tax Returns
Objective
Welcome and Introduction
Overview of Small Business
Sole Proprietor & Sch C
Partnership Returns Form 1065
Corporate Returns/1120
Module 2: Review of Key Concepts from Tax Prep 201
Key Tax Concepts for Tax Prep 201
Module 3 Client Interview Process for Advanced Returns
Client Interview Process
Module 4: Small Business Tax Returns
Example 1
Example 2
Example 3
Common Issues and Red Flags
Module 5: Advanced Individual Tax Returns
Practice Case Study for Advanced Tax Returns
Module 6: Case Study 1
Sarah Johnson
Sch A
8283
Module 8: Case Study 3
Example 3/Self-Employed Freelancer
Module 9: Tax Software Navigation for Advanced Returns
My Taxprep Office introduction
How To Navigation the Dashboard
How to add Vehicle Depreciation
How to add rental properties
Module 10: Handling IRS Audits and Complex Client Situations
Overview of IRS Audit
Steps To Handle IRS Audit
Complex Client Situations
Red Flags and Prevention Strategies
How To Support Clients During Audits
Module 11: Marketing Strategies to Attract and Retain Clients
Importance of Marketing Your Tax Business
Marketing Incentives To Attract Clients
Multi-Channel Marketing Tools
Traditional Marketing Methods
Marketing Boost
LATER POSTING
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Practice Case Study for Advanced Tax Returns
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