The Online Basic Tax Course includes the federal tax portions of the Online 80-Hour Basic Tax Course. While some Oregon State tax law may be included in Course materials, this course does not-include Sessions 13, 23 or 24 which are Oregon-specific sessions and will not qualify students to sit the Oregon Tax Board Exams.
| Date |
Time |
Course Name & Topic |
Class Description |
| Sept 10 |
2:00 - 5:15 PM |
Online 80 Hour Basic Tax Course
Session 1 |
Introduction & Filing Requirements |
| Sept 15 |
2:00 - 5:15 PM |
Online 80 Hour Basic Tax Course
Session 2 |
Filing Status & Decedents |
| Sept 17 |
2:00 - 5:15 PM |
Online 80 Hour Basic Tax Course
Session 3 |
Personal Exemptions & Dependents |
| Sept 18 |
9:30 AM - 12:30 PM
3 Credit Hours $40
|
Tax Pro 1040 LTC Prep Series
Filing Status & Dependents |
We cover filing requirements for forms 1040 and 1040NR followed by an in-depth look at filing status and the rules for Qualifying Child and Qualifying Relative. |
| Sept 22 |
2:00 - 5:15 PM |
Online 80 Hour Basic Tax Course
Session 4 |
Wages, Salaries & Earnings |
| Sept 23 |
9:30 AM - 1:30 PM
4 Credit Hours $50 |
Tax Pro 1040 LTC Prep Series
Pension & Social Security Income |
Simplified General Rule, Taxability of IRAs, Roth IRAs, Early Withdrawal Penalty, Lump Sum Payments. |
| Sept 24 |
2:00 - 5:15 PM |
Online 80 Hour Basic Tax Course
Session 5 |
Interest & Dividend Income |
| Sept 25 |
9:30 AM - 12:30 PM
3 Credit Hours $40 |
Tax Pro 1040 LTC Prep Series
Investment Wage, Tip & Other Income |
Interest & Dividend Income, Wages & Tips, Unemployment, Alimony, Taxable Refunds and Other Income. |
| Sept 29 |
2:00 - 5:15 PM |
Online 80 Hour Basic Tax Course
Session 6 |
Taxable Refunds, Alimony, K1, Unemployment & Other Income |
| Sept 30 |
9:30 AM - 1:30 PM
4 Credit Hours $50 |
Tax Pro 1040 LTC Prep Series
Adjustments to Income |
IRAs, Moving Expenses, Education Deductions, Military Reservists, Domestic Activities Production Deduction, Medical Savings Accounts and more. |
| Oct 1 |
2:00 - 5:15 PM |
Online 80 Hour Basic Course
Session 7 |
Pension & Social Security Income |
| Oct 2 |
9:30 AM - 1:00 PM
3.5 Credit Hours $45 |
Tax Pro 1040 LTC Prep Series
Itemized Deductions Part 1 |
Medical Expenses, Deductible Taxes & Interest, Charitable Gifts & Casulaty Losses. |
| Oct 6 |
2:00 - 5:15 PM |
Online 80 Hour Basic Course
Session 8 |
Adjustments to Income |
| Oct 7 |
9:30 AM - 1:00 PM
3.5 Credit Hours $45 |
Tax Pro 1040 LTC Prep Series
Itemized Deductions Part 2 |
Employee Business Expenses and Other Miscellaneous Itemized Deductions. |
| Oct 8 |
2:00 - 5:15 PM |
Online 80 Hour Basic Course
Session 9 |
Itemized Deductions:
Medical Expenses, Deductible Tax & Interest Expenses |
| Oct 9 |
9:30 AM - 1:00 PM
3.5 Credit Hours $45 |
Tax Pro 1040 LTC Prep Series
Federal Credits Part 1
|
Nonrefundable Federal Credits including: Child & Dependent Care Credit, Education Credits, Retirement Savings Credit, Adoption Credit, Foreign Tax Credit. |
| Oct 13 |
2:00 - 5:15 PM |
Online 80 Hour Basic Tax Course
Session 10 |
Itemized Deductions:
Charitable Gifts, Casualty & Theft Losses |
| Oct 14 |
9:30 AM - 1:00 PM
3.5 Credit Hours $45 |
Tax Pro 1040 LTC Prep Series
Federal Credits Part 2
|
Nonrefundable Credits Continued: Credit for Prior Year Minimum Tax, Alternative Motor Vehicle Credit, General Business Credits. Refundable Credits Including: Additional Child Tax Credit, Earned Income Credit, Credit for Excess Social Security Tax. |
| Oct 15 |
2:00 - 5:15 PM |
Online 80 Hour Basic Tax Course
Session 11 |
Itemized Deductions:
Employee Business Expenses |
| Oct 16 |
9:30 - 12:30 PM
3 Credit Hours $40 |
Tax Pro 1040 LTC Prep Series
Basis of Assets |
How to calculate basis of assets. Including: Acquisition Costs, Adjustments for depreciation, Gifts and Inheritances. This class also gives a good introduction to calculating basis in Statutory and Non-Statutory Stock Options. |
| Oct 20 |
2:00 - 5:15 PM |
Online 80 Hour Basic Tax Course
Session 12 |
Itemized Deductions:
Other Miscellaneous Itemized Deductions |
| Oct 21 |
9:30 AM - 1:30 PM
4 Credit Hours $50 |
Tax Pro 1040 LTC Prep Series
Depreciation Made Easy |
MACRS, Limits on Autos, Section 179, Listed Property and Amortization rules are all covered in this well organized program. |
| Oct 22 |
2:00 - 5:15 PM |
Online 80 Hour Basic Tax Course
Mid-Term Exam |
Students will sit closed-book exam. |
| Oct 23 |
9:30 AM - 12:30 PM
3 Credit Hours $40 |
Tax Pro 1040 LTC Prep Series
Sale of Assets
(Sch D, Form 4797) |
Schedule D, Form 4797 and Capital Gains worksheets are explored in detail. We provide working illustrations on how to correctly complete Form 4797 and calculate recoveries and recaptures on the sale of depreciable assets. |
| Oct 27 |
2:00 - 5:15 PM |
Online 80 Hour Basic Tax Course
Session 13 |
Oregon Additions & Subtractions |
| Oct 28 |
9:30 AM - 12:30 PM
3 Credit Hours $40 |
Tax Pro 1040 LTC Prep Series
Sale of Home, Installment Sales & Like-Kind Exchanges |
We begin with an examination of the rules relating to Sale of Home before moving onto an analysis of how to report Installment Sale Income on Form 6252. We also cover rules for calculating deferable gain in a Like-Kind Exchange and how to complete Form 8824. |
| Oct 29 |
2:00 - 5:15 PM |
Online 80 Hour Basic Tax Course
Session 14 |
Non-refundable Federal Credits |
| Oct 30 |
9:30 AM - 12:30 PM
3 Credit Hours $40 |
Tax Pro 1040 LTC Prep Series
Rental Income & Passive Activity Loss Limits |
We provide detailed instructions on reporting income from rental property and completing Schedule E. We also explore Passive Activity Loss and At-Risk Limitations as they apply to business income. |
| Nov 3 |
2:00 - 5:15 PM |
Online 80 Hour Basic Tax Course
Session 15 |
Non-refundable & Refundable Federal Credits |
| Nov 4 |
9:30 AM - 1:30 PM
4 Credit Hours $50 |
Tax Pro 1040 LTC Prep Series
Self-Employment Income & Expenses |
How to report business income and expenses and line-by-line instructions for Schedule C. We also cover Record-Keeping, Home Office Expenses, Meal & Travel Expenses, Special Rules Affecting Child Day Care Businesses, Payroll Reporting Requirements, and State and City Tax Returns |
| Nov 5 |
2:00 - 5:15 PM |
Online 80 Hour Basic Tax Course
Session 16 |
Basis of Assets |
| Nov 6 |
9:30 AM - 12:30 PM
3 Credit Hours $40 |
Tax Pro 1040 LTC Prep Series
Understanding the Alternative Minimum Tax |
The AMT is affecting an increasing number of tax payers. We examine the differences between Preference & Deferral Items, Rules for Completing Form 6251, and how to determine who is eligible for the Credit for Prior Year Minimum Tax. |
| Nov 10 |
2:00 - 5:15 PM |
80 Hour Basic Tax Course
Session 17 |
Depreciation & Amortization |
| Nov 11 |
9:30 AM - 12:30 PM
3 Credit Hours $40 |
Tax Pro 1040 LTC Prep Series
Amended Returns, Household Employees, Kiddie Tax |
We cover the rules governing Household Employees, Advance EIC and other taxes before moving onto a discussion of reporting requirements for Estimated Tax, and calculating Penalties for Late Payment of Tax. We also discuss how to prepare and file Form 1040X Amended Returns. |
| Nov 12 |
2:00 - 5:15 PM |
Online 80 Hour Basic Tax Course
Session 18 |
Sale of Assets |
| Nov 13 |
9:30 AM - 1:00 PM
3.5 Credit Hours $45 |
Tax Pro 1040 LTC Prep Series
Welcome to Oregon Part 1
|
An in-depth review of how to calculate and report Oregon Additions & Subtractions is followed by a discussion of how to calculate and report Oregon Tax Credits. |
| Nov 17 |
2:00 - 5:15 PM |
Online 80 Hour Basic Tax Course
Session 19 |
Sale of Home, Installment Sales |
| Nov 18 |
9:30 AM - 1:00 PM
3.5 Credit Hours $45 |
Tax Pro 1040 LTC Prep Series
Welcome to Oregon Part 2
|
We discuss reporting requirements for Part-year and Nonresident returns before moving onto instructions for completing Forms 40P & 40N. We also discuss Oregon Administrative Rules & Code of Conduct governing Tax Preparers in Oregon. |
| Nov 19 |
2:00 - 5:15 PM |
80 Hour Basic Tax Course
Session 20 |
Rental Income & Expenses |
| Nov 20 |
9:30 AM - 1:00 PM
3.5 Credit Hours $60 |
Introduction to
S-Corporations &
Limited Liability Companies
Part 1 |
Formation and Taxation of S-Corporations and Limited Liability Companies |
| Nov 24 |
2:00 - 5:15 PM |
80 Hour Basic Tax Course
Session 21 |
Self-Employment Income & Expenses, Office-in-home |
| Nov 25 |
9:30 AM - 1:00 PM
3.5 Credit Hours $60 |
Introduction to
S-Corporations &
Limited Liability Companies
Part 2 |
Preparation of Forms 1120S & 1065, Balance Sheet, Schedule M2, Apportionments, State & City Returns |
| Nov 26 |
2:00 - 5:15 PM |
80 Hour Basic Tax Course
Session 22 |
Other Taxes, Amended Returns, Penalties |
| Dec 1 |
2:00 - 5:15 PM |
80 Hour Basic Tax Course
Session 23 |
Oregon Part-Year & Nonresident Returns |
| Dec 3 |
2:00 - 5:15 PM |
80 Hour Basic Tax Course
Session 24 |
Oregon Administrative Rules & Ethics for Tax Preparers |
| Dec 8 |
2:00 - 5:15 PM |
80 Hour Basic Tax Course
Final Exam |
No class held. Students sit closed-book final exam. |
| Dec 10 |
2:00 - 5:15 PM |
80 Hour Basic Tax Course
Review of Final Exam |
Question and answer session for students. |
