ATAX School
Introduction To Small Business Level II Income Tax Course
Description
  • Part II of the Intro to Small Business Course with a total of 10 Chapters, 3 Hours per Chapter
  • Prior tax preparation experience/knowledge is required.
  • If you are comfortable with your knowledge of individual tax return preparation, the next step is Small Business Level II Income Tax Course.
  • This Course is designed as an introduction to some of the issues involved in the preparation of tax returns for various forms of business entities, which will give you the information necessary to handle business returns with knowledge and confidence.

Course Materials/Resources
  • Small Business Level II Income Tax Course Manual, by Peoples Income Tax
  • Federal income tax reference material
  • Certificate of Achievement upon completion
  • Hands-on tax training from veteran tax preparers

Availability
This Course is available now for the 2006 Tax Law (a tax law update is available at year-end when the new 2007 tax law has been finalized)
Topics Included:
  • Understanding the Balance Sheet
  • Partnership Issues
  • Corporation Issues
  • General Business Credits
  • Tax Issues Related to Buying a Business
  • Sale or Liquidation of Business
  • Profit or Loss From Farming - Schedule F
  • Amended or Corrected Business Returns
  • What to Do When You Owe the IRS?
  • Tax Preparation for Non-profits: 501(c)(3), 501(c)(4), 501(c)(6), etc.

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