Basic Tax Course - Federal Law
2010 Tax Law
Are you looking for this class in a 
Online Self-Paced format?
Mail Correspondence
Other Formats AvailableOnline Self-Paced
Tuition, Books & Fees
$579.00 (includes Shipping & Handling)
Release Date
Released
Each session will be available shortly after it is taught.
Lecture Length
72 hour(s)
Credit Hour(s)
| Check by State | : | NASBA CPE |
| 72 | : | IRS |
| 72 | : | Oregon Tax Board |
| N/A | : | Oregon State Board of Accountancy |
| 45 | : | CTEC |
| 72 | : | Texas State Board of Public Accountancy |
| 72 | : | New York State Board of Public Accountancy |
| N/A | : | QAS |
Field of Study
Taxation
Program Level
Basic
Prerequisites
None
Delivery Method
Self Study
Educational Venue
Mail Correspondence Course
CTEC Course Code
6180-QE-4000
Enrollment Agreement Form
Basic Tax Course - Federal Law - Mail Correspondence
Course Content
Our Basic Tax Course (Federal Law) is designed to provide students with the education and testing skills needed to pass federal and state examinations. It is suitable for beginner students who want to enter the tax preparation industry for the first time while offering more experienced tax professionals the opportunity to expand and build upon their existing knowledge base.
IRS began to administer the tax preparer competency exam in December 2011. The test covers individual 1040 tax law.
Prepare for IRS Exams with the Basic Tax Course (Federal Law)
Pacific Northwest Tax School's, Basic Tax Course (Federal Law) is specifically designed to prepare students for the IRS exams. The Course is comprised of two parts:
Part 1 covers wage & non-business income and deduction topics.
Part 2 covers small business income and expense items as well as other more advanced 1040 topics likely to be included in the IRS examination.
The scope and interactivity level of our Basic Tax Course is unique. While other tax schools deliver only textbooks and tests, our education programs utilize multiple educational tools to keep students engaged in the learning process. Every session includes the following lesson materials:
- A video recording of a lecture on each session's content
- A Student Manual which uses easy-to-understand language and working illustrations
- Classwork assignments which apply concepts covered in each session to preparation of tax forms
- A quiz to review student understanding and knowledge of concepts covered in each session
- A homework assignment involving preparation of a tax return based on topics covered in each session
- A Q&A Forum to post questions and receive answers from course instructors
Pacific Northwest Tax School strongly recommends students choose the Interactive Online format for the tax course. The interactive nature of these programs provides students with a superior overall learning experience. The Mail Correspondence course format is offered for those students who do not have access to a computer with a high-speed Internet connection.
IRS competency exams will be computer-based. Our Interactive Online programs provide students with the opportunity to complete dozens of online tests that hone student knowledge and testing skills required for IRS exams.
This course covers:
- Introduction · Filing Requirements · Extensions· The Standard Deduction
- Filing Status · Decedents · Personal Exemptions & Dependents
- Wages, Tips & other Earnings, Alimony, Taxable Refunds Unemployment,
- Interest & Dividends, Broker & Barter Income, K-1's, Cancellation of Debt & 1099-MISC
- Retirement Plans · Pensions · Annuities · Social Security
- Adjustments to Income (IRAs, Student Loan Interest, Alimony, Etc.)
- Itemized Deductions (Medical Expenses, Deductible Taxes & Interest, Charitable Contributions)
- Miscellaneous Itemized Deductions (Employee Business Expenses)
- Miscellaneous Deductions (Casualty & Theft Losses, Misc. Deductions, Limits on Itemized Deductions)
- Nonrefundable Credits (Child Care, Child Tax Credit, Retirement, Education
- Nonrefundable Credits Continued · Refundable Credits Including EIC
- Other Taxes · Estimated Taxes · Amended Returns
- Part 1 - Final Exam
- Basis of Assets
- Depreciation and Amortization
- Sales and Other Dispositions of Property
- Selling Your Home · Installment Sale Income
- Rental Income Schedule E Form 4835 (Farm Rental Income )
- Small Business & Farm Income · Self-Employment Taxes
- Other Credits & deductions · AMT · General Business · Kiddie Tax
- IRS Ethics
- Final Open Book Exam Review and Practice Final Exam
- Part 2 - Final Exam
Format Delivery
Home Self-Study Program
For students who prefer self-study programs that don't require the use of a computer, our correspondence Basic Tax Course materials are designed to guide you through 25 separate lessons. Each lesson includes all of the following activities:
- Reading assignments from our tax course student manual, IRS and Oregon publications.
- A practice classwork assignment and answer key to illustrate the subjects covered.
- A homework assignment requiring you to apply lesson topics to a "real" tax return. Submit your completed homework assignment; we send you a detailed answer key.
- A quiz to test your knowledge. Submit your completed quiz; we send you a detailed answer key.
To receive tax course credit you must complete all assignments and achieve an average combined score of 70% or higher on mid-term and final exams. You can take exams at our Portland classroom or if you live outside of Portland Metro, you can take your exams using an approved proctor. Proctor applications are available on our website under the Student Resources tab.
Our Correspondence Basic Tax Course is available year round beginning September 1, 2010.
View and Download the Correspondence Basic Tax Course (Federal Law) Enrollment Agreement
Advance Preparation Required (for Correspondence Students)
Each session of the series generally requires the use of one or more income tax forms. Students should refer to the classwork and homework assignments shown in the student manual at the end of each session for a listing of required forms. Students should print these forms or have tax software available to prepare tax return assignments.
Disclosures and School Policies
Terms of Enrollment
Pacific Northwest Tax School's course materials and teaching techniques are valuable proprietary information of Pacific Northwest Tax School, and all such information is subject to copyright, including written, recorded, internet based as well as all other electronic media.Each Student agrees that she/he will use the information only for purposes of education and training; and as a condition of enrollment, that they will not to disseminate the information to any third party and will treat the materials as confidential information of Pacific Northwest Tax School.As a condition of enrollment, Students pledge not use any information in any competitive fashion, including to create or derive competitive materials. Students further agree that any breach of these terms and conditions shall cause the school irreparable harm, entitling Pacific Northwest Tax School to injunctive relief, as well as any other remedy that may be available at law or equity. Students shall have one year from date of enrollment in any course, to complete the course and receive their Certificate of Completion.
Basic Tax Law
Students taking any Basic Tax Law course, agree to comply with all Terms of Enrollment outlined the enrollment agreement form for that course, which can be found on our Enrollment Forms page.
Prerequisites & Advance Preparation
Students intending to write the Oregon State Tax Exam, must be at least 18 years of age, and have High School Diploma or GED. Students using our self-paced internet based program should prepare for classes by downloading and printing course materials. For more information including detailed course descriptions and learning objectives, view the lesson plans of each course, located on Pacific Northwest Tax School's website at: www.pnwtaxschool.com.
Cancellations
Self-study Correspondence and Self-Paced Online programs fees are non-refundable and non-transferable.For more information regarding administration policies including complaints and refunds, please contact our offices at 503-646-5600.
Problem Resolution
Pacific Northwest Tax School gives the highest priority to delivering quality education programs.If you have concerns about our programs please contact the Pacific Northwest Tax School Education Coordinator at: support@pnwtaxschool.com
Disclaimer
Manuals distributed and programs sponsored by Pacific Northwest Tax School are designed to teach application of tax laws. Pacific Northwest Tax School works to provide accurate and timely material to students, however the school does not have any responsibility if human and/or mechanical error exists.Accordingly, no assurance is given by Pacific Northwest Tax School that such information is totally comprehensive or accurate in its coverage of such subject matter. Information published or sponsored by Pacific Northwest Tax School should not be relied upon as a substitute for independent research to original sources of authority such as the Internal Revenue Code, IRS Publications and Internal Revenue Rulings. Pacific Northwest Tax School, its authors, and instructors do not render legal, accounting, or other non-educational professional advice. If legal advice or other expert assistance is required, the services of a competent professional should be sought.Credit hours are subject to change without notice.
Pacific Northwest Tax School Credentials |
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We are an IRS approved sponsor of continuing education. IRS Sponsor #VRD3D .
Notice to Members of the National Association of Enrolled Agents: NAEA requires its members to obtain 30 hours of CPE each year. NAEA further requires the CPE be in compliance with IRS guidelines. As an IRS approved sponsor of CPE, our programs meet CPE standards set forth by NAEA. |
Oregon Board of Tax PractitionersPacific Northwest Tax School is a licensed vocational school regulated by the Oregon Department of Education. Our CPE programs are approved by the Oregon Board of Tax Practitioners.
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California Tax Education Council
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NASBA
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Texas State Board
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New York State Board
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*The Texas State Board of Public Accountancy requires CPAs obtain CPE from a Board-approved sponsor. Pacific Northwest Tax School has registered with the Texas State Board of Public Accountancy as a CPE sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE programs.
The New York State Board for Public Accountancy requires CPAs obtain CPE from a Board-approved sponsor. Pacific Northwest Tax School has registered with the New York State Board for Public Accountancy as a CPE sponsor. Sponsor License #002479