2024 Professional Tax Preparer: Profitable Business Returns (Module 3)

1

Professional Tax Preparer Module 3: Profitable Business Returns
- Welcome to Module3 from Roger Knecht
- Video: Introduction
  FREE PREVIEW
- INTRODUCTION
- Purchase the Downloadable PDF of Module 3
- Table of Contents
2

Session 1: Business Entities
- Part 1 - Understanding Business Entities
- Video: Proprietorships
  FREE PREVIEW
- Part 2 - Sole Proprietorships
- Video: Partnerships
- Part 3 - Partnerships
- Video: Limited Liabilities Companies
- Part 4 - Limited Liability Companies (LLCs)
- Video: S-Corporations
- Part 5 - S Corporations
- Video: C-Corporations
- Part 6 - C Corporations
- Video: Personal Service Corporation
- Part 7 - Personal Service Corporations (PSCs)
- Video: Review
- Session 1: Review Questions
- Download Module 3 Chapter 1 Learning Activity
- Module 3 Chapter 1 Business Entities LA Solutions
3

Session 2: Tax Concepts in Accounting
- Video: Introduction
  FREE PREVIEW
- Video: Accounting Periods
- Part 1 - Accounting Periods
- Video: Accounting Methods
- Part 2 - Accounting Methods
- Video: Accounting Basics
- Part 3 - Accounting Basics
- Video: Business Taxes
- Part 4 - Business Taxes
- Video: Affordable Care Act
- Part 5 - Taxation Under TCJA
- Video: Review
- Session 2: Review Questions
- Download Module 3 Chapter 2 Learning Activity
- Module 3 Chapter 2 Tax Concepts in Accounting LA Solutions
- Part 6 - Corporate Transparency Act (CTA)
4

Session 3: Elements of a Business Financial Statement
- Video: Introduction
  FREE PREVIEW
- Video: Income
- Part 1 - Income
- Video: Expenses
- Part 2 - Expenses
- Video: Cost of Goods Sold
- Part 3 - Costs
- Video: Depreciation
- Part 4 - Depreciation and Amortization
- Video: Review
- Session 3: Review Questions
- Download Module 3 Chapter 3 Learning Activity
- Module 3 Chapter 3 Elements of a Business Financial Statement LA Solutions
5

Session 4: Dispositions of Business Property
- Video: Introduction
  FREE PREVIEW
- Video: Like Kind Exchanges
- Part 1 - Like-Kind Exchanges
- Video: Trade-Ins
- Part 2 - Trade-Ins
- Video: Converted Personal Property
- Part 3 - Converted Personal-Use Property
- Video: Calculating Gain or Loss
- Part 4 - Calculating Gain or Loss
- Video: IRS Property Codes
- Part 5 - IRS Property Codes
- Video: Review
- Session 4: Review Questions
- Download Module 3 Chapter 4 Learning Activity
- Module 3 Chapter 4 Dispositions of Business Property LA Solutions
- This is an optional 2-hour review of the past four chapters.
6

Session 5: Schedule C
- Video: Introduction
  FREE PREVIEW
- Video: Sole Proprietors_Single Member LLCs
- Part 1 - Sole Proprietors, Single Member LLCs
- Video: Hobby or Business
- Part 2 - Hobby or Business?
- Video: Income
- Part 3 - Income
- Video: Cost of Goods Sold
- Part 4 - Cost Of Goods Sold
- Video: Expenses
- Part 5 - Expenses
- Video: Office in Home
- Part 6 - Office In Home
- Video: Vehicle Expenses
- Part 7 - Vehicle Information
- Video: Self-Employment Tax
- Part 8 - Self-Employment Taxes
- Video: Estimated Tax Payments
- Part 9 - Estimated Tax Payments
- Video: Review
- Session 5: Review Questions
- Download Module 3 Chapter 5 Learning Activity
- PTPM3S5 Schedule C LA Solutions
7

Session 6: Form 1065 - Partnerships
- Video: Introduction
  FREE PREVIEW
- Video: Partnerships and LLCs
- Part 1 - Partnerships And LLCs
- Video: Basis of Partners Interest in Partnership
- Part 2 - Basis Of Partners' Interest In Partnership
- Video: Form 1065
- Part 3 - Form 1065
- Video: Review
- Session 6: Review Questions
- Download Module 3 Chapter 6 Learning Activity
- Module 3 Chapter 6 Form 1065 - Partnerships LA Solutions
8

Session 7: Form 1120 - Corporations
- Video: Introduction
  FREE PREVIEW
- Video: Corporations
- Part 1 - Form 1120 - Corporations
- Video: Stock
- Part 2 - Stock
- Video: Form 1120
- Part 3 - Form 1120 – Income (Loss) and Deductions
- Part 4 - Form 1125-A – Cost Of Goods Sold
- Part 5 - Schedule C – Dividends and Special Deductions
- Part 6 - Form 1125-E – Compensation of Officers
- Part 7 - Schedule J – Tax Computation and Payment
- Part 8 - Schedule K – Other Information
- Part 9 - Schedule L – Balance Sheet
- Part 10 - Schedule M-1 – Reconciliation of Income (Loss) per Books
- Part 11 - Schedule M-2 Analysis of Unappropriated Retained Earnings
- Part 12 - Estimated Payments and Underpayment of Estimated Taxes
- Video: Review
- Session 7: Review Questions
- Download Module 3 Chapter 7 Learning Activity
- Module 3 Chapter 7 Form 1120 Corporations LA Solutions
9

Session 8: Form 1120S - S Corporations
- Video: Introduction
  FREE PREVIEW
- Video: S Corporations
- Part 1 - S Corporations
- Video: Form 1120S - Income _Loss and Deductions
- Part 2 - FORM 1120S – Income(Loss) and Deductions
- Part 3 - Form 1125-A – Cost of Goods Sold
- Part 4 - Schedule B - Other Information
- Part 5 - Schedule K – Shareholder's Pro Rata Share Items
- Part 6 - Schedule L – Balance Sheet per Books
- Part 7 - Schedule M-1 – Reconciliation of Income (Loss) per Books with Income (Loss) per Return
- Part 8 - Schedule M-2 – Analysis of Adjustment Accounts
- Part 9 - Schedule K-1 – Shareholder's Share of Income (Heading Section)
- Video: Review
- Session 8: Review Questions
- Download Module 3 Chapter 8 Learning Activity: Part 1
- Download Module 3 Chapter 8 Learning Activity: Part 2
- Download Module 3 Chapter 8 Learning Activity: Part 3
- Module 3 Chapter 8 Form 1120S - S Corporations LA Solutions
- This is an optional 2-hour review of the past four chapters.
- Module 3 Index
10

Professional Tax Preparer Module 3 Exam
- 2024 Professional Tax Preparer Module 3 Practice Exam
- 2024 Profitable Business Returns
11

Continuing Education Evaluation Form
- Copy of Continuing Education Program Evaluation

Nagaranjani Komaragiri

NagaRanjani Komaragiri

The course was nicely divided into sections for corporations, partnerships, sole proprietorships, and limited liability companies, so it is easy to understan...

The course was nicely divided into sections for corporations, partnerships, sole proprietorships, and limited liability companies, so it is easy to understand the general differences and the application procedures while filing taxes with compliance and regulation.

Read Less

Feeling LARGELY more ambitious_now to take on handling Bu...

Kyle Finnegan

This was a truly enlightening "stepping stone" into this area of accounting professionalism - ("where I for one, honestly never once saw myself dabbling in a...

This was a truly enlightening "stepping stone" into this area of accounting professionalism - ("where I for one, honestly never once saw myself dabbling in areas of Tax advisory/ with already owning a bookkeeping firm, as they say, I was single minded") But alas , it all came to make perfect sense, as through Universals compelling logic! Both go hand in hand, and it just kinda clicked with it being tax season upon us here! So either way, thank you universal! I am still very much so looking forward to crackling open the perks n value of the rest of the program!

Read Less

Excellent Course

Minh Tuong Nguyen

This is an excellent tax course to take. I had no knowledge of taxes before this class. I have learned so much. The help from the staffs were bar none. I...

This is an excellent tax course to take. I had no knowledge of taxes before this class. I have learned so much. The help from the staffs were bar none. I have not taking any class which provided me so much help such as this one.

Read Less

Rating

Christie Y Mack

This is a great course to take. Everything that you'll need to becoming a Tax Preparer is provided to you and you can learn at your own pace. Coaches and sta...

This is a great course to take. Everything that you'll need to becoming a Tax Preparer is provided to you and you can learn at your own pace. Coaches and staff are great and very responsive and helpful

Read Less