: The Tax Preparation & Small Business Foundations Program (2027) equips learners with the knowledge and practical skills needed to meet IRS requirements, prepare accurate federal tax returns, and build a successful tax or bookkeeping business. Delivered by accredited school partners, the program provides line?by?line instruction for Form 1040, hands?on Practice Tax Returns (PTRs), and interactive assessments through a proprietary online training system. Learners also complete the 2027 Annual Federal Tax Refresher (AFTR) and develop a clear, actionable business plan to support entrepreneurial success.
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Lesson 1
Module 1: Foundations of Federal Tax Preparation (Form 1040)
Overview of IRS requirements, filing status, dependents, and basic tax principles.
Module 2: Income and Adjustments (Form 1040 Line?by?Line)
Wages, interest, self?employment income, adjustments to income, and supporting schedules.
Module 3: Credits, Deductions, and Tax Computation
Standard vs. itemized deductions, tax credits, tax calculations, and payments.
Module 4: Practice Tax Returns and Application
Hands?on Practice Tax Returns (PTRs) with review questions to reinforce learning.
Module 5: Annual Federal Tax Refresher (AFTR) – 2027 Updates
New tax law and recent updates, general review of federal tax topics, and preparation for the upcoming filing season.
Module 6: Practices, Procedures, and Professional Responsibility
IRS standards, ethical practices, due diligence, recordkeeping, and client communication.
Module 7: Starting Your Own Tax or Bookkeeping Business
Entrepreneurial mindset, identifying opportunities, and defining your business vision.
Module 8: Business Planning and Operations
Business plans, legal structure, branding, pricing, marketing, and long?term growth strategies.
All content updated for the 2027 tax year filing cycle
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