Irs Tax Preparer Course And Rtrp Exam Study Guide 2012

How do you become a Registered Tax Return Preparer (RTRP)? You do not need an advanced degree, or even a college education; however, it does require some work. First, you must prepare for the IRS competency exam. This course provides access to a FREE online test bank for you to practice. Practice exams are also available online. We designed this course with you in mind, utilizing the experience of Enrolled Agents, CPA's and former IRS employees. In addition to providing you with a solid foundation in tax knowledge, this course has the essential material you must know to pass the test.

How do you become a Registered Tax Return Preparer (RTRP)? You do not need an advanced degree, or even a college education; however, it does require some work. First, you must prepare for the IRS competency exam. The IRS has two separate tests that you can take depending on the type of returns you will file. This course covers both tests and provides FREE access to an online test bank for you to practice. Practice exams are also available at http: fastforwardacademy.com .We designed this course with you in mind, utilizing the experience of Enrolled Agents, CPA's and former IRS employees. In addition to providing you with a solid foundation in tax knowledge, this course has the essential material you must know to pass the test.New regulations require all paid tax return preparers-other than certain exempt individuals-to register for a PTIN, pass a competency exam, and complete 15 hours of annual continuing education. These registered tax return preparers will need to follow the rules in Circular 230 but are not enrolled to practice before the IRS.

The most effective system available to prepare for the new Tax Return Preparer Competency Exam In recent years, the role of third party assistance in tax return preparation within the United States has become more significant. To acknowledge this trend, the IRS is strengthening partnerships with tax practitioners, tax return preparers, and other third parties in order to ensure effective tax administration that adheres to professional standards and follows the law. Beginning in 2011, tax return preparers are required to pass a competency test to officially become registered tax return preparers. The Wiley Registered Tax Return Preparer Exam Review Book 2012 has been designed with this in mind and is the perfect guide to help you pass this comprehensive test. The course, complete with extensive exercises and a final exam review, will provide you with a solid foundation on the subject of taxes, and the preparation of an accurate and complete income tax return. Along the way, it covers specific tax issues you need to be familiar with, including tax theory and law; conducting a thorough client interview; and offering tax advice and explanations to clients. Helps you zero in on areas that need work, organize your study program, and concentrate your efforts Provides paid tax return preparers who are not enrolled agents, attorneys, or Certified Professional Accountants (CPAs) with the individual taxation information they need to pass this competency test Covers the major parts of the exam and how to approach each one Informative and insightful, the Wiley Registered Tax Return Preparer Exam Review Book 2012 will put you in the best position possible to pass this important exam.

The most effective system available to prepare for the new Tax Return Preparer Competency ExamIn recent years, the role of third party assistance in tax return preparation within the United States has become more significant. To acknowledge this trend, the IRS is strengthening partnerships with tax practitioners, tax return preparers, and other third parties in order to ensure effective tax administration that adheres to professional standards and follows the law.Beginning in 2011, tax return preparers are required to pass a competency test to officially become registered tax return preparers. The Wiley Registered Tax Return Preparer Exam Review Book 2012 has been designed with this in mind and is the perfect guide to help you pass this comprehensive test. The course, complete with extensive exercises and a final exam review, will provide you with a solid foundation on the subject of taxes, and the preparation of an accurate and complete income tax return. Along the way, it covers specific tax issues you need to be familiar with, including tax theory and law; conducting a thorough client interview; and offering tax advice and explanations to clients.Helps you zero in on areas that need work, organize your study program, and concentrate your effortsProvides paid tax return preparers who are not enrolled agents, attorneys, or Certified Professional Accountants (CPAs) with the individual taxation information they need to pass this competency testCovers the major parts of the exam and how to approach each oneInformative and insightful, the Wiley Registered Tax Return Preparer Exam Review Book 2012 will put you in the best position possible to pass this important exam.

RTRP Test Secrets helps you ace the Registered Tax Return Preparer Test without weeks and months of endless studying. Our comprehensive RTRP Test Secrets study guide is written by our exam experts, who painstakingly researched every topic and concept that you need to know to ace your test. Our original research reveals specific weaknesses that you can exploit to increase your exam score more than you've ever imagined. RTRP Test Secrets includes: The 5 Secret Keys to RTRP Exam Success: Time is Your Greatest Enemy, Guessing is Not Guesswork, Practice Smarter, Not Harder, Prepare, Don't Procrastinate, Test Yourself; A comprehensive General Strategy review including: Make Predictions, Answer the Question, Benchmark, Valid Information, Avoid Fact Traps, Milk the Question, The Trap of Familiarity, Eliminate Answers, Tough Questions, Brainstorm, Read Carefully, Face Value, Prefixes, Hedge Phrases, Switchback Words, New Information, Time Management, Contextual Clues, Don't Panic, Pace Yourself, Answer Selection, Check Your Work, Beware of Directly Quoted Answers, Slang, Extreme Statements, Answer Choice Families; A comprehensive Content review including: Tax Return, Gross Income, Dependent Child, Earned Income, Filing Deadline, Form 1040, Penalties, Income Taxes, Form 1040ez, Nonresident Aliens, Internal Revenue Service, Resident Aliens, Head of Household, Qualifying Widow, Personal Exemptions, Employee Compensation, Employer-Provided Health Insurance, Company Vehicle, Tip Income, Stock Options, Foreign Income, Independent Contractors, Interest Income, Taxable Bond Interest, Original Issue Discount, Municipal Bonds, Backup Withholding, Rental Income, Depreciation, Maintenance Expenses, Passive Loss Limitations, Dividend Reinvestments, Lump-Sum Distributions, Qualified Retirement Plans, Roth Ira, Nondeductible Iras, Rollovers, Life Insurance, Grant Money, Scholarship, and much more...

PassKey's RTRP Review Workbook features three full sample exams to accompany the PassKey RTRP Review study guide for 2013-2014. You'll be able to test yourself on a total of 360 questions with detailed answers that are clearly explained in the answer section in the back of the book. This workbook will help you study all the important concepts you need to know to prepare taxes for individuals and to pass the RTRP exam. Question topics include preliminary work and collection of taxpayer data; treatment of income and assets; deductions and credits; other taxes; completion of the filing process; practices and procedures; and ethics. Test yourself, time yourself, and learn! *Note: At the time of this book's printing, the RTRP designation was currently under suspension as a result of litigation against the IRS. The RTRP exam has not yet been scheduled for 2013, and it is unclear whether it will be offered to tax preparers on either a voluntary or mandatory basis.This book is for use for the testing season that runs through March 31, 2014.

Registered Tax Return Preparer (RTRP) Study guide for IRS RTRP Competency Exam.

Our IRS Enrolled Agent Exam Study Guide contains all the information you need to know to pass the IRS Special Enrollment Exam without all the unnecessary information that only complicates the study process. You will simply not find a more efficient way to study and prepare for the exam. Complete review course for exams administered from May 1, 2011 through Feb 28, 2012. Book compliments the FREE online question bank and simulated practice exams available at FastForwardAcademy.com