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Checkpoint Learning Tax Fundamentals Certificate Program
TAX FUNDAMENTALS CERTIFICATE PROGRAM

 
BASICS TO BIG PICTURE: FEDERAL TAX CONCEPTS

A firm grasp on the fundamentals makes for more efficient, effective tax professionals. Recent years have seen the passage of last-minute tax acts as well as the most sweeping tax reform measure in over thirty years – knowing how these critical changes fit into the big picture is as critical as keeping current with new regulations. Tax practitioners are obligated to provide their clients with the most accurate information and advice in complying with tax reporting requirements – which means every member of your tax preparation team will benefit from having the general knowledge in a broad range of tax topics provided by the Checkpoint Learning Tax Fundamentals Certificate ProgramTM.

Whether your team members have been in the business for years and just need a refresher, are returning after an extended break or are new to the field, the Tax Fundamentals Certificate Program will increase overall tax competency. An ideal offering for your support staff who assist with the tax preparation process, it’s an easy way to help them help you.

Certificate holders will gain:

  • The foundational knowledge needed to prepare Forms 1040, 1065, 1120-S and numerous related forms and schedules
  • Expertise and tools needed to increase client consulting and revenue opportunities related to client compliance with tax return preparation and reporting requirements in the areas of individual, partnership, C Corporation and S Corporation taxation
  • Increased level of confidence in dealing with a range of tax competency issues
For candidates in need of continuing education, the full program provides approximately 44 Continuing Professional Education credits.
 

 

Online Self-Study Courses

FINAL EXAM
The program includes a comprehensive, multiple-choice final exam to test understanding of core concepts. Note, each individual course also concludes with an exam for CPE credit as they are passed.

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Title:
Final Exam for Tax Fundamentals Certificate Program
Format:
Multiple choice exam
Prerequisite:
Completion of all online courses above
Passing Grade:
70% or higher
 

 

Program Duration
This program can be completed in as little as one week or at your own speed for up to one year.
 

CPE CREDITS
The Tax Fundamentals Certificate Program provides learners with an opportunity to earn up to 44 hours of Continuing Professional Education credit.
 

PROGRAM COMPLETION
Those who successfully complete the program will earn a Checkpoint Learning Tax Fundamentals Competency CertificateTM. Certificate holders can add this accomplishment to their resume or LinkedIn profile.
 

QUESTIONS
If you have additional questions on this certificate program, please call us at 800.231.1860.
 

COST
$499
Buy Now
 

 

Or, to purchase multiple seats for your team or firm, please call us at 800.231.1860.
 


ONLINE COURSES

Overview of Federal Income Taxation. Recent developments in federal income taxation require tax professionals to be constantly attuned to developments within the area. This program provides a description of the tax fundamentals affecting individuals, corporations, and partnerships. It also covers the tax issues related to property and basis determination.

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Title:
Overview of Federal Income Taxation
Description:
Recent developments in federal income taxation require tax professionals to be constantly attuned to developments within the area. This program provides a description of the tax fundamentals affecting individuals, corporations, and partnerships. It also covers the tax issues related to property and basis determination.
Learning Objectives:
  • recognize the components, calculations, and limitations on items of gross income, adjustments to income, standard and itemized deductions, and credits for individual taxpayers,
  • determine the adjusted basis and gain or loss upon dispositions of property,
  • identify the major tax issues relevant to S corporations,
  • recognize the corporate tax structure and the formation issues related to corporations,
  • recognize the flow-through concepts applicable to partnerships, and
  • identify the preparer's legal, professional, and ethical responsibilities.
Format:
Online self-study course
Prerequisite:
None
Advance Preparation:
None
Knowledge Level:
Basic
Subject Matter Area:
Taxes
Recommended CPE Credits:
7 QAS/Registry (50-minute hour)
Expiration Date:
One year from date of receipt to complete program and submit quizzer to obtain credit
Passing Grade for Quizzer:
70 percent or higher

 

Tax Accounting Methods and Periods. Every taxpayer must use a consistent accounting method to figure taxable income and must figure taxable income on the basis of an annual accounting period. This course describes accounting methods such as cash, accrual, installment sales, long-term contracts, and inventory. Accounting periods covered include calendar, fiscal, and 52-53 week years.

+ DETAILSDETAILS ↓
Title:
Tax Accounting Methods and Periods
Description:
Every taxpayer must use a consistent accounting method to figure taxable income and must figure taxable income on the basis of an annual accounting period. This course describes accounting methods such as cash, accrual, installment sales, long-term contracts, and inventory. Accounting periods covered include calendar, fiscal, and 52-53 week years.
Learning Objectives:
  • identify cash and accrual methods of accounting,
  • recognize other specific methods of tax accounting, and
  • determine tax accounting methods and periods.
Format:
Online self-study course
Prerequisite:
None
Advance Preparation:
None
Knowledge Level:
Basic
Subject Matter Area:
Taxes
Recommended CPE Credits:
2 QAS/Registry (50-minute hour)
Expiration Date:
One year from date of receipt to complete program and submit quizzer to obtain credit
Passing Grade for Quizzer:
70 percent or higher

 

Tax Research Introduction. This course provides an introduction to the area of tax research. It will reacquaint you with the Internal Revenue Code and Treasury Department regulations as well as interpretations, rulings, and procedures issued by the Internal Revenue Service. It will teach you how to research tax issues and answer tax questions by consulting these tax materials.

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Title:
Tax Research Introduction
Description:
This course provides an introduction to the area of tax research. It will reacquaint you with the Internal Revenue Code and Treasury Department regulations as well as interpretations, rulings, and procedures issued by the Internal Revenue Service. It will teach you how to research tax issues and answer tax questions by consulting these tax materials.
Learning Objectives:
  • apply each of the six steps in the tax research process;
  • identify the divisions of the IRC and the legislative process behind tax law; and
  • determine the proper citation of tax law and other issues concerning the Treasury Department and its regulations.
Format:
Online self-study course
Prerequisite:
None
Advance Preparation:
None
Knowledge Level:
Basic
Subject Matter Area:
Taxes
Recommended CPE Credits:
2 QAS/Registry (50-minute hour)
Expiration Date:
One year from date of receipt to complete program and submit quizzer to obtain credit
Passing Grade for Quizzer:
70 percent or higher

 

Form 1040 Income Tax Preparation. This interactive self-study course covers issues related to filing status, exemptions, income and adjustments, medical expenses, deductible taxes, interest expense, personal credits and tax payments.

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Title:
Form 1040 Income Tax Preparation
Description:
This interactive self-study course covers issues related to filing status, exemptions, income and adjustments, medical expenses, deductible taxes, interest expense, personal credits and tax payments.
Learning Objectives:
  • determine the appropriate filing status, dependents, and applicable standard deduction;
  • assess the tax treatment for various types of income and expenses;
  • identify and determine adjustments to income;
  • identify and properly classify itemized deductions;
  • determine eligibility and deductibility of various personal credits available to individuals; and
  • identify when the penalty for underpayment of estimated tax applies and evaluate alternative tax payment options.
Format:
Online self-study course
Prerequisite:
None
Advance Preparation:
None
Knowledge Level:
Basic
Subject Matter Area:
Taxes
Recommended CPE Credits:
9 QAS/Registry (50-minute hour)
Expiration Date:
One year from date of receipt to complete program and submit quizzer to obtain credit
Passing Grade for Quizzer:
70 percent or higher

 

Small Business Schedules C & F Expenses. This course examines the various expenses that can be deducted on Schedules C and F. You will become acquainted with the costs that must be capitalized as well as those costs that can be deducted immediately. The course also takes a look at depreciation and Section 179 expenses that can be deducted by sole proprietors and farmers. In addition, the course covers travel and entertainment expenses and the related reporting requirements.

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Title:
Small Business Schedules C & F Expenses
Description:
This course examines the various expenses that can be deducted on Schedules C and F. You will become acquainted with the costs that must be capitalized as well as those costs that can be deducted immediately. The course also takes a look at depreciation and Section 179 expenses that can be deducted by sole proprietors and farmers. In addition, the course covers travel and entertainment expenses and the related reporting requirements.
Learning Objectives:
  • identify personal and business expenses,
  • determine depreciation deductions, and
  • identify travel and entertainment expenses, and identify farm expenses.
Format:
Online self-study course
Prerequisite:
None
Advance Preparation:
None
Knowledge Level:
Basic
Subject Matter Area:
Taxes
Recommended CPE Credits:
6 QAS/Registry (50-minute hour)
Expiration Date:
One year from date of receipt to complete program and submit quizzer to obtain credit
Passing Grade for Quizzer:
70 percent or higher

 

C Corporations: Overview of Corporate Income Tax. Benefit from a full review of the basics of gross income inclusions and exclusions as well as special areas of income and deductions applicable to C corporations in determining taxable income.

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Title:
C Corporations: Overview of Corporate Income Tax
Description:
Benefit from a full review of the basics of gross income inclusions and exclusions as well as special areas of income and deductions applicable to C corporations in determining taxable income.
Learning Objectives:
  • summarize determining taxable income for C corporations,
  • elect accounting method and tax year,
  • determine due date for the corporate tax return,
  • calculate capital gains and losses,
  • name deductions for special expenses, and
  • discuss charitable contributions.
Format:
Online self-study course
Prerequisite:
None
Advance Preparation:
None
Knowledge Level:
Basic
Subject Matter Area:
Taxes
Recommended CPE Credits:
5 QAS/Registry (50-minute hour)
Expiration Date:
One year from date of receipt to complete program and submit quizzer to obtain credit
Passing Grade for Quizzer:
70 percent or higher

 

Introduction to Partnerships and LLCs. This course will provide a basic discussion of the federal taxation of partnerships and LLCs, including a number of tax topics that are relevant, not only to an actual partnership entity, but also to the tax consequences for each of its owners and partners.

+ DETAILSDETAILS ↓
Title:
Introduction to Partnerships and LLCs
Description:
This course will provide a basic discussion of the federal taxation of partnerships and LLCs, including a number of tax topics that are relevant, not only to an actual partnership entity, but also to the tax consequences for each of its owners and partners.
Learning Objectives:
  • identify the fundamental tax concepts of partnerships and LLCs,
  • recognize the key elements of partnership formation,
  • identify the fundamentals of operating a partnership,
  • calculate the basis in a partnership,
  • recognize the key elements of taxation of partners, and
  • identify the elements of partnership terminations.
Format:
Online self-study course
Prerequisite:
None
Advance Preparation:
None
Knowledge Level:
Basic
Subject Matter Area:
Taxes
Recommended CPE Credits:
6 QAS/Registry (50-minute hour)
Expiration Date:
One year from date of receipt to complete program and submit quizzer to obtain credit
Passing Grade for Quizzer:
70 percent or higher

 

Introduction to S Corporations. This course explains the salient features of an S corporation. It will detail how to make an S corporation election, discuss revenue income from passive sources, identify allowable taxable years, and explain tax treatment. This course is most appropriate for the professional with detailed knowledge in S Corporations who may be at a mid-level position within an organization with operational or supervisory responsibilities, or both.

+ DETAILSDETAILS ↓
Title:
Introduction to S Corporations
Description:
This course explains the salient features of an S corporation. It will detail how to make an S corporation election, discuss revenue income from passive sources, identify allowable taxable years, and explain tax treatment. This course is most appropriate for the professional with detailed knowledge in S Corporations who may be at a mid-level position within an organization with operational or supervisory responsibilities, or both.
Learning Objectives:
  • identify the requirements for S corporation status,
  • determine explain how the S corporation election is made,
  • identify taxation of the S corporation and other special rules,
  • determine adjustment to basis of stock and indebtedness of shareholders,
  • identify distributions by an S corporation, and
  • recognize termination and the allocation of income or loss items.
Format:
Online self-study course
Prerequisite:
None
Advance Preparation:
None
Knowledge Level:
Basic
Subject Matter Area:
Taxes
Recommended CPE Credits:
7 QAS/Registry (50-minute hour)
Expiration Date:
One year from date of receipt to complete program and submit quizzer to obtain credit
Passing Grade for Quizzer:
70 percent or higher