Tax Preparation involves preparing tax returns, (personal income tax or company income tax) for a person or an organization, for financial compensation. Tax preparation has and always would be, a very lucrative career path. Since taxes are compulsory levies imposed by the government on individuals and companies, the need for proficient tax personnel and tax preparers will never be overruled. As a tax preparer, you are responsible for preparing tax returns for individuals and businesses.
A tax preparation software or various online services may aid a tax preparer in computing tax payable, however, sufficient knowledge about taxation and related services. To fulfil this, tax preparation courses are usually taken. Tax preparation courses are provided or taken to keep individuals who intend to go through related paths, abreast with the current trends in the industry. They also offer modules for beginners as well as advanced knowledge to suite your skill level.
There are numerous providers of tax preparation courses within the United States and across the world. These courses can be taken either online or in physical classrooms. Whichever is your preference, there is a long list of options to choose from. Here are just a few of the best tax preparation courses that would ensure you become a professional in no time.
The Income Tax School (ITS) is an online tax school that is acknowledged by tax industry and IRS executives, as the national standard for tax preparer training. It was ranked Number 1 by Trendlists for online tax education. The Income Tax School is an online tax school offering tax courses and continuing education to help you become a tax preparer or grow your tax business. It was chosen above all U.S. tax schools to partner with a Fortune 1000 company and is seen as the best nationally.
Their goal is to produce professional tax preparers in just weeks and they have a money-back guarantee to back it up. After the course, you will be qualified for employment or self-employment as a tax professional and become financially independent. The courses range from Chartered Tax Professional certificate, Chartered Tax Consultant certification and certification as a Chartered Tax Advisor depending on your choice. Other benefits include: free after course, online grading, certificate of completion, student forums and many more.
H&R Block is the world’s largest tax services provider. They have prepared more than 650 million tax returns since 1955; as at 2014, they had revenues of over $3 billion and had prepared 24.2 million tax returns across the globe. H&R Block has tax offices on 100 U.S. military bases around the world as well. They provide courses on tax preparation to train citizens to become top-notch professionals themselves.
However, the training course is intended for individuals who would, after the duration of the program, work with them. They have been approved by the California Tax Education Council to offer the H&R Block Income Tax Course, which fulfils the 60-hour “qualifying education” requirement imposed by the State of California to become a tax preparer. They offer tax preparation courses that would guarantee that you become a credible and widely recognized tax payer in no time.
National Tax Training School is a licensed and accredited Distance Education tax school that specializes in tax training and the provision of tax preparation courses. They take pride in the fact that they have successfully trained more than 40,000 students in tax preparation since 1952 and have a great track record to show for it. They offer short term courses as you can earn your certificate in as little as 8-10 weeks. They offer courses on all you need to know about tax returns and how to become a tax preparer in the comfort of your own homes.
The courses to be taken are if three distinct levels. The Federal Income Tax Course is designed for people with no previous experience in tax and equips them with the skills needed to prepare tax returns for individuals and small businesses. Higher Course in Federal Taxes provides advanced training for individuals who have considerable experience in the tax field and equips them with the capacity to prepare taxes for partnerships, corporations & fiduciaries. Finally, the California Tax Preparer Course will train you to prepare taxes for individuals and small businesses covering Federal and California State Taxation and automatically qualifies you for your license.
Liberty Tax Service started in Canada on September 1, 1997 and has an experience of good standing and quality. Their tax return preparation franchise has consistently been recognized as a leader among all franchises and have received multiple awards and recognitions. “Accounting Today”, named Liberty Tax on its “Top Tax Firms” list in 2010 and in 2011. Also, Liberty Tax Service has been ranked as one of the top franchise opportunities on Entrepreneur magazine’s annual Franchise 500 every year from 1998 to 2012.
They offer classroom courses, online courses and rapid courses, and you will be given the opportunity to choose the course nearest to you for proximity sakes. They also have top-notch tutors and instructors who are adequately skilled with all things tax, thus, making your learning experience complete. Their tax preparation courses are arranged to suit your needs and those of the changing economic and statutory environment.
The Internal Revenue Service (IRS) is the revenue service of the United States federal government. They offer free online tax preparation courses that cover Business Taxes, Small Business Taxes, personal tax preparation courses and many more. However, unlike the others, IRS does not provide any physical or professional qualification for those who take their tax preparation courses.
Their programs include: The IRS Volunteer Income Tax Assistance (VITA) and the Tax Counselling for the Elderly (TCE) Programs. All you need to do is to sign up to take free courses and you would be a professional tax preparer in no time.
Other free tax preparation courses that can be taken online include: NAFSA: Association of International Educators, Utah State Tax Commission and University of California – Irvine.