LTC Exam Prep Series (Oregon and Federal Law)
2010 Tax Law
Are you looking for this class in a 
Non-Interactive Online Self-Paced format?
Are you looking for this class in a 
Mail Correspondence format?
Online Self-Paced
Other Formats AvailableNon-Interactive Online Self-PacedMail Correspondence
Tuition, Books & Fees
$529.00
First Course Release Date
Released
Each course will be available shortly after it is taught.
Lecture Length
83.5 hour(s)
Credit Hour(s)
| Check by State | : | NASBA CPE |
| 85 | : | IRS |
| 101 | : | Oregon Tax Board |
| N/A | : | Oregon State Board of Accountancy |
| 85 | : | CTEC |
| 101 | : | Texas State Board of Public Accountancy |
| 101 | : | New York State Board of Public Accountancy |
| N/A | : | QAS |
Field of Study
Taxation
Program Level
Beginner to Intermediate
Delivery Method
Self Study
Educational Venue
Self-Paced Online Course
CTEC Course Code
See individual courses
Enrollment Agreement Form
CPE Online Self-Paced
Includes These Courses
Adjustments to Income
Amended Returns, Kiddie Tax, Penalties
Basis of Assets
Depreciation Made Easy
Federal Tax Credits for Business
Federal Tax Credits for Families with Children
Federal Tax Credits for Individuals
Filing Status & Dependents
Installment Sales & Like-Kind Exchanges
Investment, Wage, Tip & Other Income
IRS Ethics Rules Governing CPAs, EAs & Registered Tax Preparers
Itemized Deductions - Casualty Losses, Employee Business Expenses & Other Miscellaneous Deductions
Itemized Deductions - Medical, Tax, Interest & Charitable Deductions
Pension & Social Security Income
Rental Income & Passive Activity Limits
Sale of Assets (Schedule D & Form 4797)
Self-Employment Income & Expenses
Understanding the AMT
Welcome to Oregon - Additions, Subtractions & Credits
Welcome to Oregon - Part Year & Non Resident Returns
Welcome to Oregon Ethics
Course Content
For Tax Professionals Preparing for Examinations
The 1040 Tax Pro LTC Exam Prep Series is an intensive program for tax professionals who want an in-depth study of individual tax law.
This program is a favorite for preparers studying for Oregon's rigorous LTC exam. It is also recommended for anyone who is preparing for the individual portion of the IRS Special Enrollment Examination.
Learn more about preparing for Oregon's LTC exam here!
Are you an Enrolled Agent preparing to take the Oregon-only portion of the LTC exam? If so, we recommend you take our course "Welcome to Oregon".
Are you a tax professional preparing for IRS competency exams or the Special Enrollment Exam? If so, we recommend our 1040 Tax Pro IRS Exam Prep Series which does not include Oregon Tax Law.
Completion Time
Recommended completion time for this series of courses is 4-8 weeks. Students will participate in a series of lectures provided by Pacific Northwest Tax School's skilled instructors. Classwork is provided for students to apply concepts covered in each course to sample tax forms. Each course will finish with a quiz to test student's knowledge of the topics covered. Course materials provided to students with every course include:
- A detailed Student Manual,
- Classwork answer keys,
- Quizzes and quiz answer keys,
- Homework answer keys upon successful completion of each course.
The 1040 LTC Prep Series includes 109 hours of CPE. Students have one year to complete all course assignments and receive continuing education for completed courses. CPE is awarded at the time each course is completed which means CPE can be spread over 2 renewal periods.
This package includes:
- Filing Status & Dependents
- Pension & Social Security Income
- Investment, Wage & Other Income
- Adjustments to Income
- Itemized Deductions
- Federal Credits
- Basis of Assets
- Depreciation Made Easy
- Sale of Assets
- Installment Sales & Like-Kind Exchanges
- Passive Activity Loss Limits & Rental Income
- Self-Employment Income
- Amended Returns, Kiddie Tax & Other Taxes
- IRS Ethics for EA's, CPA's and Tax Practitioners
- Understanding the Alternative Minimum Tax
- Welcome to Oregon
Learning Objectives
Students will be provided with an in-depth study of individual tax law. The program is intended for individuals who have an understanding of basic tax law and are preparing for the Enrolled Agent exam, the upcoming IRS licensing exam, or the Oregon LTC exams. By the conclusion of this program, students will be educated in the following areas of individual tax law:
By the end of these courses students should be able to:
- Filing requirements of individuals
- Filing status and dependency rules
- Reporting and calculating taxability of retirement income
- Identifying and reporting earned income
- Investment income and expenses
- Federal deductions and tax credits
- Business income and expense reporting for sole proprietors
- Calculating and reporting capital gains
- Passive activity income and expense rules
- Alternative minimum tax
- IRS Ethics rules
- Oregon tax law
Format Delivery
Self-paced online students access course materials utilizing the School's Learning Management System (LMS). The LMS is an online system which can be accessed by students at any time from any computer connected to high-speed internet. Students completing this course will use the LMS to:
- Open and print course manuals, tests, test answer keys, and IRS forms.
- Watch a recording of a lecture provided by one of Pacific Northwest Tax School's skilled instructors.
- Complete classwork, homework, and quiz assignments.
- Print a certificate of completion upon successful completion of the course.
- Access the Q&A Forum to post questions and receive answers from course instructors about topics and assignments included with this course.
The interactive structure of this course combines the best elements of a live class with the convenience of allowing students to work at their own pace.
Students will watch a video-recording of a lecture provided by one of Pacific Northwest Tax School's skilled instructors. Classwork time is provided for students to apply concepts covered in class to sample tax forms.
To successfully complete this course, students must watch the lecture video and successfully complete all tests with a score of 70% or higher. Course materials provided to students include a detailed Student Manual, quizzes, and classwork, quiz, and homework answer keys.
Advance Preparation Required (for Self-Paced Online Students)
Our online Learning Management System (LMS) is easy and fun to use however first-time users of our online education programs should devote not less than one half hour to reading our Student LMS User Manual prior to beginning a course.
Our LMS education platform requires an up-to-date Adobe Flash® Player and use of a high-speed internet connection. To ensure your learning experience is worthwhile and productive we ask all students to take the time to become familiar with our education platforms before attending class.
Please complete ALL of the following tasks prior to beginning your first course:
- Read the Student LMS User Manual,
- Download and print the Student Manual.
How to Use the Learning Management System
Recommended Minimum Requirements
The following requirements are recommended for using our LMS site. Few students have reported success while operating outside of these requirements, therefore these are provided as a guideline for troubleshooting if you are having difficulties viewing or operating in our LMS site. If you would like to test your system on our LMS site without paying for a course, then try our Free Sample Course.
| Operating System: |
*Your operating system should be fully updated. |
| Browser: |
If you encounter login or video viewing difficulties, we stongly recommend you install Mozilla Firefox. |
| Connection: |
256 Kbps |
| Browser Plug-Ins: | The latest of the following:
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| Peripherals: |
Headphones or Speakers |
Comments for Oregon Tax Preparers
We frequently hear the question, "How do I best prepare to take the LTC Exam?" Here is important information students should know:
- Oregon's LTC Exam has an average pass-rate of just 25%.
- By comparison, most employees of Pacific Northwest Tax Service pass the LTC exam on their first attempt. Here's why:
- Our employees receive extensive on-the-job training,
- The work product of all our preparers is reviewed and error-checked which means preparers are able to learn from their mistakes.
- Our employees are exposed to a wide variety of tax clients and encouraged to seek assistance from more experienced personnel.
- Our high-quality CPE programs give our employees the knowledge they need to pass the LTC exam.
- Preparers who do not get adequate grounding in basic tax law at work must obtain their education elsewhere. Depending of the level of on-the-job work experience and the quality of prior education, it may be advisable for a preparer to take Pacific Northwest Tax School's 80-Hour Basic Tax Course before attempting our LTC Prep Series.
- Pacific Northwest Tax School's LTC Prep Series is a fast-paced, intensive 18-Part Series designed to prepare Licensed Tax Preparers for the LTC exam. You will benefit most from this program by completing all reading assignments, classwork assignments, homework assignments and quizzes and by participating in all lectures or watching all lecture video recordings.
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