Earn CPE with CPE link through TaxMama
This class is designed for newcomers to the tax field, and for those who want to strengthen their understanding of current tax law changes. What you will learn here is more than you would learn getting a BA or BS in Accounting or Taxation. This class is included with the Live and Self-Study courses.

 

 

 

Study at your own pace, on your schedule and access all AUDIO and VISUAL materials online from your office, your home, the beach or the International space station – anywhere your laptop, mp3 player, iPhone or Blackberry will take you. Use the links below for full details on class schedules, structure and materials.

Completion of all three class assignments provides up to 56.5 hours of CPE for Enrolled Agents, including at least 2-8 ethics hours. TaxAnxiety Inc is a qualified sponsor of continuing education for individuals enrolled to practice before the Internal Revenue Service (Enrolled Agents). Sponsor number 36

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TaxMama’s® Guarantee and Refund Policy

Course Overview
Part I – Individual Taxation – Outline and Materials
Part II – Business Taxation – Outline and Materials
Part III – Representation, Practice and Procedures – Outline and Materials
Instructors
Fees and Registration

Self Study Class Structure and Materials

  • Includes a monthly live class with TaxMama® &/or her instructors.
  • Includes all THREE Solving the Tax Puzzle Courses
  • Over 40 hours of MP3 audio recordings of 9-19 lectures per exam. Here is a sample recording from one of the classes:
  • Lecture notes you can print out and makes note on while listening
  • Links to forms and other tools to use with the class.
  • Access to the discussion forums
  • Your own blog where you can track your notes and exchange information with other students.
  • Autographed copy of Small Business Taxes Made Easy
  • The 100% Home-Based Business Tax Solution e-book download
  • Online Study Rooms, so you can study with TaxMama’s® other Self-Study students across the country. You can study with one buddy, or join study teams

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EXTRA SPECIAL BONUS You just might find yourself getting client referrals from TaxMama®. Eva gets requests from taxpayers for tax preparation, consultation, or representation assistance. Eva is not accepting new clients, except in rare instances. So…she is referring them to tax professionals she knows and trusts. If you demonstrate exceptional expertise and creativity (within the tax code) in any area, and you have a positive, pleasant attitude, good ethics, and you have skills in the right State a client needs – you just might find yourself getting a call or an e-mail from TaxMama®, referring a paying client. (Now, who else offers this kind of service?)

Note: If you register late (after a class has started) or need materials shipped sooner than 20 days, you will need to pay FedEx or UPS 2nd day rates of $45.00. Don’t even ask about overnight rates! Those are closer to $80 due to the weight of the books. Also, if you register AFTER the class has started we may be out of books and disks, and you may have to wait up to two weeks for our special orders to arrive.

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Part I – Individual Taxation – Outline and Materials

Overview:

The course will include TaxMama’s® special twists, teaching you more than tax law – you’ll learn:

  • how to draw clients out and get information from them
  • how to protect your practice from client conflicts and lawsuits
  • how to maintain an ethical practice, in the face of client ‘persuasion’ to assist them in little falsehoods
  • how to find loopholes to help cut taxes legally
  • how to find the information you need to address a client’s issues
  • how to prepare an individual tax return – from inception to filing
  • Personal attention from TaxMama® to guide you
  • Study Buddies to work with


Materials:

  • Free tax preparation software including free electronic filing to use for practice returns or real returns
  • TaxMama’s® Ebook, The 100% Home-Based Business Tax Solution
  • 24/7 Study hall with links to key part 1 materials
  • Access to study buddies and study buddy teams

Course outline:

Orientation – Familiarity with Materials Homework assignments and Study Buddy arrangements
Lecture 1 – The big Picture – Overview of the U.S. tax return
Lecture 2 – First piece – Exemptions & Filing Requirements & Names
Lecture 3 – Favorite piece – Income – Interest, Dividends, Social Security Income, Retirement Income
Lecture 4 – Juicy piece – Overview of Adjustments to Income
Lecture 5 – Sample piece – Reviews of the Tax Return Samples 1, 2, 3.
Lecture 6 – Misunderstood piece- Itemized Deductions and Employee Business Expenses
Lecture 7 – Special piece – Credits, Additional Taxes
Lecture 8 – Giving piece – Estate and Gift Taxes
Lecture 9 – Missing piece – Understanding Basis
Lecture 10 – Political piece – Understanding Depreciation
Lecture 11 – Making your piece – Fundamentals of Capital Gains & Losses
Lecture 12 – Extra piece – More Sales and Exchanges

You will get data from sample clients to input into your tax software.
You will get profiles of three different clients, with different levels of complexity.
All of them will address the rebate issue.

  • Simple – senior with dividends, interest , pension and Social Security
  • Involved – Couple with children, 1 job and 1 student, owning a home, with child care, green issues
  • Complex – Similar couple, with stock sales, employee business expenses and more

Note: We will not be covering clients with businesses or rentals in Part 1.

$250 – Part I – Individuals REGISTER NOW

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Part II – Business Taxation – Outline and Materials

The course will include TaxMama’s® special twists, teaching you more than tax law – you’ll learn:

  • how to select the best entity for your clients
  • how to prepare business tax returns and get pointers on simplifying your work
  • how to reconcile tax returns to books – even if there really aren’t any books
  • how to protect your practice from client conflicts and lawsuits
  • how to maintain an ethical practice, in the face of client ‘persuasion’ to assist them in little falsehoods
  • how to find loopholes to help cut taxes legally
  • You’ll get answers to questions you’ve always been afraid to ask
  • Personal attention from TaxMama® to guide you
  • Study Buddies to work with

Materials:

  • Free tax preparation software including free electronic filing to use for practice returns or real returns
  • TaxMama’s® Ebook, The 100% Home-Based Business Tax Solution
  • Small Business Taxes Made Easy – paperback book FreshBooks
  • 24/7 Study hall with links to key part 1 materials
  • Access to study buddies and study buddy teams

Course Outline:

Lectures 9 – 12 of Part I – Assets, Depreciation, Sales and Exchanges
Lecture 1 – The big Picture – Overview of Business Entities, Pros and Cons of using each Format
Lecture 2 – First piece – Accounting 101 – Understanding the Balance Sheet and Income Statement
Lecture 3 – Favorite piece – Business Income – and how to reconcile it to third party information
Lecture 4 – Juicy piece – Business Expenses – All those luscious write-offs
Lecture 5 – Misunderstood piece – Office in Home – and how it applies to each business entity
Lecture 6 – Custom Piece – Specific Businesses – Farms, truckers, Internet Marketers
Lecture 7 – Exempt Piece – Exempt Organizations – and the new filing rules
Lecture 8 – Fun piece – Discussing the Schedule C Tax Sample and your results – and how to do it better
Lecture 9 – Shared piece – Partnerships – General, Limited, LLCs, JVs and Married Couples
Lecture 10 – Joining piece – Getting into and out of Partnerships
Lecture 11 – Sharing piece – Discussing the 1065 Tax Sample and your results – and how to do it better
Lecture 12 – Incorporated piece – C Corporations – including PSCs and holding companies
Lecture 13 – Reconciling Piece – Discussing the Form 1120 Tax Sample, reconciling Schedules L, M-1, M-2
Lecture 14 – Small Business Piece- S Corporations – Small Business or S Corporations – special issues for shareholder-employees
Lecture 15 – Filing Piece – Reconciling Piece – Discussing the Form 1120S Tax Sample and your results – and how to do it better – and reconciling Schedules L, M-1, M-2
Lecture 16 – Freedom Piece – Business retirement plans – and how they work with each entity
Lecture 17 – Trusting Piece – Estate and Trusts – Form 1041

You will get data from sample clients to input into your own tax software
You will learn where to get tax software
You will get profiles of different types of business clients, with respectable levels of complexity.
  

  • Schedule C – Home-Based business
  • Partnership – LLC filing as a partnership
  • Corporation – Privately held, with employees
  • S Corporation – Single owner

Note: We will not be doing sample 1041s or 990s in this class

$450 – Part II – Businesses and Entities REGISTER NOW

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Part III – Representation, Practice and Procedures – Outline and Materials

The course will include TaxMama’s® special twists, teaching you more than tax law – you’ll learn:

  • What it means to be a tax professional under IRS Circular 230
  • How to do Tax Research – and to understand what you find
  • Professional Ethics
  • IRS’s Electronic Services and how to use them to your advantage
  • Sanctions and Penalties – and how to defend against sanctions
  • How to prepare and use a Power of Attorney
  • How to prepare an Installment Agreement
  • How to prepare an Offer in Compromise
  • How to prepare your records for a tax Audit
  • How get liens and levies lifted
  • How to use the Appeals Process and Other Remedies
  • How to use Tax Court and when you must use the Federal Court System
 
 
  • IRS Circular 230
  • 024/7 Study hall with links to key part 1 materials
  • Access to study buddies and study buddy teams
  • Free tax preparation software including free electronic filing to use for practice returns or real returns
  • TaxMama’s® Ebook, The 100% Home-Based Business Tax Solution
  • Small Business Taxes Made Easy – paperback book
  • FreshBooks

Course Topics:

Lecture 1 – The big Picture – Overview of Circular 230 responsibilities and privileges and the POA
Lecture 2 – Juicy piece – E-Services – for enrolled and for unenrolled preparers
Lecture 3 – Worst piece – Sanction and Penalties and your defenses
Lecture 4 – Favorite piece – Legal Authority and Research, Statutes, Communications, FOIA
Lecture 5 – Fascinating piece- Working with Non-Filers
Lecture 6 – Mystery piece – Getting ready for an audit
Lecture 7 – Reconciling Piece – Reviewing the Audit Workpapers
Lecture 8 – Fixing piece – What to do after a bad audit – Appeals, mediation and…
Lecture 9 – Misunderstood piece- Collections – dealing with notices, unpaid taxes and balances due
Lecture 10 – Courtly piece – Tax Court and Beyond and Reviewing your Tax Court Petition
Lecture 11 – Shared piece – Reviewing your Forms 9465, 433s and 656
Lecture 12 – Making your piece – Final Questions and Pulling it all together

You will get data from sample clients to input into your own tax software or forms
You will get profiles of different types of clients, with respectable levels of complexity.

  • Form 2848 – The Power of Attorney
  • Form 433 series – Financial Statements for IRS
  • Form 9465 – Installment Agreement
  • Form 656 – Offer in Compromise
  • Key Audit Workpaper – Proof of Cash
  • Tax Court Petition

$300 – Part III- Representation, Practice and Procedures REGISTER NOW

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Fees and Registration

Part I Individuals $250 REGISTER NOW
Part II Businesses and Entities $450 REGISTER NOW
Part III Representation, Practice and Procedures $300 REGISTER NOW
       
All Three Parts- Save $350 $650 REGISTER NOW

Please contact TaxMama® for discounts on and group registrations for over 25 students. Discounts for 2-25 students are built into the order form .

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