2020 Professional Tax Preparer: Profitable Business Returns
Professional Tax Preparer Module 3: Profitable Business Returns
with Bill Brough
Become proficient in the planning and preparation of both individual and business returns. As a certified Professional Tax Preparer™ you’ve been trained and tested to provide the quality services expected from a tax preparer. What better service to complement accounting than tax preparation and planning? By mastering this one skill you can increase your income by approximately $100+ per hour.
Line by line, the Universal Accounting®’s Professional Tax Preparer™ program will teach you how to complete individual and business returns so that you can either prepare taxes on the side or start your own tax business full-time. Many tax preparers make more money in the months leading up to the April 15 tax deadline than many make all year long! Every company, large or small, and all its employees, are required to file taxes. That means tax preparation skills will always be in demand.
Understanding Business Entities
FREE PREVIEWVideo: Proprietorships
FREE PREVIEWSole Proprietorships
Video: Partnerships
Partnerships
Video: Limited Liabilities Companies
Limited Liability Companies (LLCs)
Video: S-Corporations
S Corporations
Video: C-Corporations
C Corporations
Video: Personal Service Corporation
Personal Service Corporations (PSCs)
Video: Review
Session 1: Review Questions
Module 3 Chapter 1 Learning Activity
PTPM3S1 Business Entities LA Solutions
Video: Introduction
FREE PREVIEWVideo: Accounting Periods
Accounting Periods
Video: Accounting Methods
Accounting Methods
Video: Accounting Basics
Accounting Basics
Video: Business Taxes
Business Taxes
Video: Affordable Care Act
Taxation Under TCJA
Video: Review
Session 2: Review Questions
Module 3 Chapter 2 Learning Activity
PTPM3S2 Tax Concepts in Accounting LA Solutions
Video: Introduction
FREE PREVIEWVideo: Income
Income
Video: Expenses
Expenses
Video: Cost of Goods Sold
Costs
Video: Depreciation
Depreciation and Amortization
Video: Review
Session 3: Review Questions
Module 3 Chapter 3 Learning Activity
PTPM3S3 Elements of a Business Financial Statement LA Solutions
Video: Introduction
FREE PREVIEWVideo: Like Kind Exchanges
Like-Kind Exchanges
Video: Trade-Ins
Trade-Ins
Video: Converted Personal Property
Converted Personal-Use Property
Video: Calculating Gain or Loss
Calculating Gain or Loss
Video: IRS Property Codes
IRS Property Codes
Video: Review
Session 4: Review Questions
Module 3 Chapter 4 Learning Activity
PTPM3S4 Dispositions of Business Property LA Solutions
Video: Introduction
FREE PREVIEWVideo: Sole Proprietors_Single Member LLCs
Sole Proprietors, Single Member LLCs
Video: Hobby or Business
Hobby or Business?
Video: Income
Income
Video: Cost of Goods Sold
Cost Of Goods Sold
Video: Expenses
Expenses
Video: Office in Home
Office In Home
Video: Vehicle Expenses
Vehicle Information
Video: Self-Employment Tax
Self-Employment Taxes
Video: Estimated Tax Payments
Estimated Tax Payments
Video: Review
Session 5: Review Questions
Module 3 Chapter 5 Learning Activity
PTPM3S5 Schedule C LA Solutions
Video: Introduction
FREE PREVIEWVideo: Partnerships and LLCs
Partnerships And LLCs
Video: Form 1065
Form 1065
Video: Basis of Partners Interest in Partnership
Basis Of Partners' Interest In Partnership
Video: Review
Session 6: Review Questions
Module 3 Chapter 6 Learning Activity
PTPM3S6 Form 1065 - Partnerships LA Solutions
Video: Introduction
FREE PREVIEWVideo: Corporations
Form 1120 - Corporations
Video: Stock
Stock
Video: Form 1120
Form 1120 – Income (Loss) and Deductions
Form 1125-A – Cost Of Goods Sold
Schedule C – Dividends and Special Deductions
Form 1125-E – Compensation of Officers
Schedule J – Tax Computation and Payment
Schedule K – Other Information
Schedule L – Balance Sheet
Schedule M-1 – Reconciliation of Income (Loss) per Books
Schedule M-2 Analysis of Unappropriated Retained Earnings
Estimated Payments and Underpayment of Estimated Taxes
Video: Review
Session 7: Review Questions
Module 3 Chapter 7 Learning Activity
PTPM3S7 Form 1120 Corporations LA Solutions
Video: Introduction
FREE PREVIEWVideo: S Corporations
S Corporations
Video: Form 1120S - Income _Loss and Deductions
FORM 1120S – Income(Loss) and Deductions
Form 1125-A – Cost of Goods Sold
Schedule B - Other Information
Schedule K – Shareholder's Pro Rata Share Items
Schedule L – Balance Sheet per Books
Schedule M-1 – Reconciliation of Income (Loss) per Books with Income (Loss) per Return
Schedule M-2 – Analysis of Adjustment Accounts
Schedule K-1 – Shareholder's Share of Income (Heading Section)
Video: Review
Session 8: Review Questions
Module 3 Chapter 8 Learning Activities Part 1
Module 3 Chapter 8 Learning Activities Part 2
Module 3 Chapter 8 Learning Activities Part 3
Module 3 Chapter 8 Learning Activities Part 4
Module 3 Chapter 8 Learning Activities Part 5
PTPM3S8 Form 1120S - S Corporations LA Solutions
PTPM3S9 Index
2020 Professional Tax Preparer Module 3 Practice Exam
2020 Profitable Business Returns