This course introduces the U.S. tax system and the role of the tax preparer, emphasizing IRS structure, Form 1040 basics, and ethical responsibilities. Students learn who must file a return, key deadlines, and how to determine the correct filing status (Single, MFJ, MFS, HOH, QW), laying the foundation for accurate and compliant individual tax preparation.
- Teacher: Dr. Troy Richardson
This course section explores what counts as taxable income—wages, self-employment, rentals, investments, and retirement distributions—versus income exclusions. Students also learn how to apply common “above-the-line” adjustments, such as IRA contributions, student loan interest, and educator expenses, to accurately determine adjusted gross income (AGI).
- Teacher: Dr. Troy Richardson
This course teaches students how to reduce taxable income using the standard deduction or itemized deductions such as medical expenses, mortgage interest, and charitable contributions. Learners also explore key tax credits—including Child Tax Credit, Earned Income Credit, and education credits—that directly reduce tax liability and often provide greater benefits than deductions.
- Teacher: Dr. Troy Richardson
Students learn how to calculate additional taxes such as self-employment and household employment taxes, apply withholding and estimated payments, and determine balances due. The course also covers refunds, interest, penalties, and IRS compliance procedures, emphasizing accuracy, due diligence, and taxpayer rights.
- Teacher: Dr. Troy Richardson
This course introduces students to modern tax software, electronic filing procedures, and secure data practices. Learners also gain practical experience through simulated tax return preparation, applying course concepts to real-world scenarios to build confidence and readiness for professional practice.
- Teacher: Dr. Troy Richardson