WIN 154 - Federal & State Income Tax Prep

Institution:

Franklin College - Indiana

Subject:

Description:

Income Tax Preparation: Learn how to prepare Federal and State (IN) Individual Income Tax Returns Students will study and learn the federal and state requirements for filing individual income tax returns by researching federal and state internet websites and published materials on a daily basis. Once the tax laws have been thoroughly researched for a specific tax law then a series of tax returns will be prepared covering the material learned that day. Students will be able to prepare a Federal and State tax return equivalent to or exceeding those types of returns prepared by national tax return preparation companies like H&R Block and Jackson Hewitt. Students will achieve a high proficiency of preparing Federal forms 1040, Itemized deductions schedule A, Interest and Dividends schedule B, Self employed Business schedule C, Capitalized Gains and Losses schedule D, Rental-Royalty-Partnership-Sub S Corporation-Estate schedule E and K-1, Farm Business schedule F, Self Employment form SE, and all related supporting schedules and forms required to be attached to the Federal Form 1040 and State Form It-40. Many former class participants have been hired by local accountants and tax preparation firms to assist them during the busy tax season. Fees: $25-$35 for software

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.franklincollege.edu

Phone Number:

(317) 738-8000

Regional Accreditation:

North Central Association of Colleges and Schools

Calendar System:

Four-one-four plan

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