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Checkpoint Learning Tax Fundamentals Certificate Program
TAX FUNDAMENTALS CERTIFICATE PROGRAM

BASICS TO BIG PICTURE: FEDERAL TAX CONCEPTS

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A firm grasp on the fundamentals makes for more efficient, effective tax professionals. Recent years have seen last-minute taxation focused on new and extended benefits – 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 40 Continuing Professional Education credits.
 

 

 

Online Self-Study Courses

FINAL EXAM
The program includes a comprehensive final exam consisting of 65 multiple-choice questions 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
The program can be completed in as little as one week or as long as a year. The participant is allowed one year from the date of purchase for the satisfactory completion of all program requirements.
 

CPE CREDITS
Credit hours will be earned upon successful completion of each of the online courses. The online course certificate will be issued by Checkpoint Learning. The Tax Fundamentals Certificate Program provides learners with an opportunity to earn 40 hours of Continuing Professional Education credit.
 

PROGRAM COMPLETION
The participant is allowed one year from the date of purchase for the satisfactory completion of all program requirements. Upon successful completion, a Checkpoint Learning Tax Fundamentals Competency CertificateTM will be mailed to the participant. Certificate holders can add this accomplishment to their resume or LinkedIn profile and opt to be published on a list of program graduates on the Checkpoint Learning website.
 

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

COST
$499
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View Certificate Holders
Or, to purchase multiple seats for your team or firm, please call us at 800.231.1860.
 


PROGRAM DETAILS

The total length of the program is 40 hours of learning plus final exam time. A certificate will be awarded to each participant upon their successful completion of the program requirements.
 

ONLINE SELF-STUDY COURSES
Eight interactive online courses (2 – 10 CPE credits each) provide a detailed overview of fundamental tax topics and issues (40 CPE credits total).

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. Overall, this program serves as an effective tool to train those individuals entering the tax profession and refresh the skills of experienced tax practitioners.

+ DETAILSDETAILS ↓
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. Overall, this program serves as an effective tool to train those individuals entering the tax profession and refresh the skills of experienced tax practitioners.
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:
4 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. The IRS has made numerous changes in the area of tax accounting methods and periods, and in changing those methods and periods. Topics discussed in the course include cash, accrual, and installment sales; long-term contracts; and the percentage-of-completion and inventory accounting methods. Accounting periods covered include calendar, fiscal, and 52-53-week years.

+ DETAILSDETAILS ↓
Title:
Tax Accounting Methods and Periods
Description:
The IRS has made numerous changes in the area of tax accounting methods and periods, and in changing those methods and periods. Topics discussed in the course include cash, accrual, and installment sales; long-term contracts; and the percentage-of-completion and inventory accounting methods. 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.

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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.
Learning Objectives:
  • discuss each of the six steps in the tax research process,
  • describe the divisions of the IRC and the legislative process behind tax law, and
  • identify 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. Focused on issues related to Form 1040 for individuals, this course covers such topics as 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:
Focused on issues related to Form 1040 for individuals, this course covers such topics as filing status, exemptions, income and adjustments, medical expenses, deductible taxes, interest expense, personal credits, and tax payments.
Learning Objectives:
  • determine the appropriate filing status;
  • determine allowable personal exemptions;
  • report wages and other information from Form W-2;
  • determine the tax rate applicable to qualified dividends;
  • explain the tax treatment when bonds are purchased at a premium or a discount, and describe the treatment of interest on government bonds;
  • apply the rules relating to contributions to various types of IRAs;
  • identify and determine other adjustments to income, including the self-employed health insurance deduction, health savings accounts, moving expenses and alimony;
  • determine the standard deduction applicable to each filing status;
  • identify deductible medical expenses and apply the limits on the deductibility of long-term care insurance;
  • identify and substantiate charitable contributions, applying the limitations on the deduction of charitable contributions;
  • apply the rules relating to deductible state income or sales taxes, real estate taxes and personal property taxes;
  • identify the proper classification of interest expense and calculate the allowable deduction for various categories;
Format:
Online self-study course
Prerequisite:
None
Advance Preparation:
None
Knowledge Level:
Basic
Subject Matter Area:
Taxes
Recommended CPE Credits:
10 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.

+ DETAILSDETAILS ↓
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.

+ DETAILSDETAILS ↓
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 provides a basic discussion regarding the federal taxation of partnerships and LLCs, including a number of tax topics that are relevant to the partnership entity as well as its owners and partners.

+ DETAILSDETAILS ↓
Title:
Introduction to Partnerships and LLCs
Description:
This course provides a basic discussion regarding the federal taxation of partnerships and LLCs, including a number of tax topics that are relevant to the partnership entity as well as 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, and
  • calculate the basis in a partnership.
Format:
Online self-study course
Prerequisite:
None
Advance Preparation:
None
Knowledge Level:
Basic
Subject Matter Area:
Taxes
Recommended CPE Credits:
4 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. Presenting the significant features of an S corporation, this course details how to make an S corporation election, discusses revenue income from passive sources, identifies allowable taxable years, and explains the appropriate tax treatment of various items.

+ DETAILSDETAILS ↓
Title:
Introduction to S Corporations
Description:
Presenting the significant features of an S corporation, this course details how to make an S corporation election, discusses revenue income from passive sources, identifies allowable taxable years, and explains the appropriate tax treatment of various items.
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, and
  • identify distributions by an S corporation.
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