This course will cover income from wages, interest, dividends, stock transactions, self employment, and credit card transactions. We will discuss the forms that these various forms of income are reported on, how they transfer to the 1040, and how they are taxed.

Running a tax preparation office comes with responsibilities. This course will cover in detail the operational procedures for proper licensing with the IRS for preparers and the tax office, processes for interviewing a client, what paperwork and identification documentation must be present, and what acceptable forms of document retention and the associated time lines.