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Tax Prep 301
Class Outline
Overview
Module 1: Introduction to Advanced Tax Returns
Objective
Welcome and Introduction
Module 2: Review of Key Concepts from Tax Prep 201
Practice Case Study for Advanced Tax Returns
Key Tax Concepts for Tax Prep 201
Module 3 Client Interview Process for Advanced Returns
Client Interview Process
Module 4: Advanced Individual Tax Returns
Example 1/High-Income Earner with Multiple Deductions
Example 2/ Rental Property Owner
Example 3/Self-Employed Freelancer
Example 4/Capital Gains from Investments
Module 5: 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 6: Small Business Tax Returns
Overview of Small Business
Sole Proprietor & Sch C
Example 5
Partnership Returns Form 1065
Example 6
Corporate Returns/1120
Example 7
Common Issues and Red Flags
Module 7: 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 8: 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
Module 9: In Class Presentation and Photoshoot
Class Activity
Teach online with
Client Interview Process
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