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Jackson Hewitt

TAX EDUCATION

PROGRAM

 

 

Learn and Earn

Discover a Career That Never Goes Out of Style!

Consider opening doors to the fascinating and dynamic business of tax preparation! Become a professional tax preparer and earn extra money. Build your résumé! Tax preparation is a highly mobile profession. You can take these skills and put them to use anywhere!

 

Learn and Earn Tax Course

Learn About Tax School Courses

Our Income Tax Course is offered in three volumes to offer more flexibility for our increasingly busy students. The volumes is offered together as a 10-week course. Classes are typically held twice a week on weekdays and on weekends.

Traditional Instruction

Qualified instructors lead you through tax preparation and related topics and provide opportunities for hands-on application of tax preparation skills through exercises and class work. For advanced tax preparation professionals, we offer additional tax seminars geared to their unique needs.

Computerized Instruction

We also offer a computerized income tax preparation course for those who prefer to learn in online, interactive environments. This multimedia course combines instructor-led training with self-paced, online computer instruction. Students will learn how to fill out the Form 1040 and focus on a detailed analysis of the common schedules and forms, including Schedule A, B, C, SE, Form 2106, and Form 2441.

Computerized Course Topics include:


Tax Preparation Advanced Seminars

 

 Tax Professional

Development Series

The Tax Professional Development Series is geared toward the more advanced tax preparer. These 20-25 hour seminars are a great way to brush up on your tax preparation skills. Narrow in on a topic of your choice, and take one or more of these exciting course offerings:

 

Self-Employment Income

Delve into the world of tax preparation for independent contractors and sole proprietors. Expand your awareness of topics that include automobile mileage, start-up costs, amortization, depreciation and farm income. Learn more about preparing taxes for clergy and over-the-road truck drivers. Self-Employment Income addresses the challenges a tax preparer may face when determining if the taxpayer should use Section 179. Learn how to handle taxpayers who receive Form 1099-MISC even though they are legally considered employees.

 

Employees

Explore the various types of W-2 formats (railroad, postal, etc.). The seminar will take you through explanations of some of the boxes on the W-2, such as allocated tips, and dependent care benefits. Hone your knowledge of typical tax return challenges such as reporting employee business expenses, moving expenses and establishing a home office.

 

Sale of Business Assets and Other Dispositions

Master the concepts of sales, condemnations and foreclosures of business property. Probe into the difference between Section 1245 Property and Section 1250 Property, and the treatment of each on Form 4797. Increase your understanding of casualty losses of business property and installment sales.

 

Traditional and Roth IRAs, Pensions, and Social Security

Understand deductible and nondeductible traditional IRAs and the nondeductible Roth IRA. Focus on the challenges you'll face when deciding whether to have a traditional or Roth IRA. Take a look at re-characterizations and their impact. Gain a solid understanding of pensions and the tax implications of withdrawing money from a plan prior to reaching age 591/2. Learn how to handle lump-sum Social Security payments from prior years.

 

Passive Activities

Research the challenges of rental situations including the special rule related to real estate professionals. Master the concepts of passive activities and carryovers. Expand your knowledge of K1s and their impact on a tax return.

 

Sole Proprietorship

Determine what defines sole proprietorship. Expand your knowledge of the issues facing a sole proprietor. Explore the decisions a sole proprietor needs to make when setting up and running a business. Master the concepts of amortization and depreciation, including how to handle the subsequent sale or disposal of business property, and evaluate the impact these have on Form 4797 and Schedule D. Become familiar with situations that may be out of the ordinary, such as when disaster strikes the business. This seminar will give you a more hands-on approach to preparing a tax return for the sole proprietor.

 

Net Operating Losses and Alternative Minimum Tax

Expand your knowledge of what creates a Net Operating Loss (NOL) situation. Probe deeper into the world of net operating losses, including carry backs, carry forwards, and carryovers, and how they impact a taxpayer's past, present and future tax return. Explore the Alternative Minimum Tax (AMT), why someone may have to pay this additional tax, and how it affects other tax return items. Understand the importance of maintaining records for taxpayers who are subject to AMT. Both topics of AMT and NOL cover how regular tax items are used and modified. Gain knowledge and practice modifying these items to calculate the correct AMT and NOL amounts.

 

Completion of this course is neither an offer, nor a guarantee of employment.