Online Courses - University of Illinois Tax School
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Online Courses

Don't have time to attend live income tax classes and want to study at your own pace and on your own schedule? Our tax self-study courses fit the bill perfectly. Below is a comprehensive list of online course offerings. Click on any of the links to visit the webpage for that offering.

I logo = U of I Tax School-authored course.

Topic-Specific Self-Study Courses

I logo Retirement Plans for Small Businesses. New This self-study course covers various retirement plans available to small business owners that go beyond the traditional SEP and SIMPLE IRA.

I logo Putting Ethics Into Practice. This Circular 230-focused self-study course includes a discussion of various client situations and proposes ways for tax practitioners to navigate ethical challenges presented by clients.

I logo C Corporations. In this course, you will analyze whether it makes sense for your business clients to maintain their C corporation or to convert to a pass-through entity. Does it make sense for a new business to form as a C corporation? Should an S corporation revoke its election and convert to a C corporation? What are the consequences of the complete liquidation of a C corporation? How about for an S corporation?

I logo Divorce. There are many common and not-so-common tax effects of divorce. Prepare yourself to help clients who are divorced or who are getting ready to divorce, and encourage them to work with their attorney to consider tax consequences when structuring the divorce.

AFSP/AFTR Courses

The University of Illinois Tax School is pleased to partner with The Income Tax School (ITS) Link opens in new window to provide our customers with courses for the IRS Annual Filing Season Program.

2020 AFSP 18-Hour Bundle (for non-exempt preparers) Link opens in new window This bundle contains all necessary credits for a non-exempt tax preparer to meet the 18-hour requirements for the IRS Annual Filing Season Program.

  • Includes required 6-hour AFTR course, plus 12 additional hours of CE
  • CE types include dispositions, ethics, understanding financial reporting, and 2 additional 3-hour seminars on topics of your choosing
  • AFSP program participants receive free marketing in the IRS Federal Tax Return Preparer Directory
  • Receive an AFSP Record of Completion from the IRS

2020 AFSP 15-Hour Bundle (for exempt preparers) Link opens in new window This bundle contains all necessary credits for an exempt tax preparer to meet the 15-hour requirements for the IRS Annual Filing Season Program.

  • Includes 9 hours of CE on tax lay updates, dispositions, ethics, and understanding financial reporting
  • Plus take 2 additional 3-hour seminars on topics of your choosing
  • AFSP program participants receive free marketing in the IRS Federal Tax Return Preparer Directory
  • Receive an AFSP Record of Completion from the IRS

2020 AFTR 6-Hour Annual Refresher Course Link opens in new window Non-credentialed tax return preparers who complete this course as part of 18 hours of annual CE will receive an Annual Filing Season Program — Record of Completion from the IRS.

  • Online, self-study beginner tax course
  • Approved by the IRS Office of Professional Responsibility
  • Includes 100 question comprehension test
  • Covers new tax law and recent updates, as well as review of forms and schedules.

Comprehensive Tax Preparer Training

The University of Illinois Tax School is pleased to partner with The Income Tax School (ITS) Link opens in new window to provide our customers with an online solution for comprehensive tax training.

Comprehensive Tax Course Link opens in new window Offers 60 CPE credits. Course total of 20 chapters (4 modules, 5 chapters per module). Upon successful completion of this course, you will be able to:

  • Prepare most business and non-business individual tax returns
  • Perform a thorough interview with a taxpayer
  • Determine a taxpayer's filing status and eligibility for exemptions
  • Accurately report income and deductions for a taxpayer
  • Determine a taxpayer's eligibility for credits and deductions
  • Compute income for Schedules C, E and F
  • Determine depreciation deductions and eligibility for Section 179
  • Accurately calculate a taxpayer's refund or balance due
  • Advise a taxpayer in tax planning strategies

Chartered Tax Certificate Programs Link opens in new window Go beyond the Comprehensive Course to become a Chartered Tax Advisor, Consultant, or Professional, enhancing your reputation as a trusted tax professional. Includes individual and business tax returns, and requires up to 300 hours of experience along with an annual CE requirement.

These certificate programs are suitable for all adults who seek a fast track to a professional white-collar career. Tax preparation is especially appealing to those who would enjoy helping other people by making the intimidating task of tax preparation a pleasant experience while saving their clients' money by minimizing their tax liabilities.

  • Stay-at-home parents with young children find tax preparation a convenient profession as they are able to be off when their children are out of school for the summer, yet maintain their professional skills.
  • Early retirees find tax preparation a rewarding second career enabling them use their minds while helping people and still have time to travel, play golf and spend time with their grandchildren.
  • College students find tax preparation an opportunity to gain professional work experience and credentials to strengthen their resumes.
  • Moonlighting professionals find tax preparation a source of extra income during winter months.
  • Blue collar workers can enter new white-collar professions through tax preparation.
  • Many employed and self-employed individuals such as financial services and real-estate professionals find tax preparation a complementary profession to earn extra money and also generate leads for their other professional activities, while also enabling them to better serve their clients through knowledge of the tax consequences of their clients' decisions.

Exam Prep Courses

The University of Illinois Tax School is pleased to partner with The Income Tax School (ITS) Link opens in new window to provide our customers with an online solution for exam preparation.

Enrolled Agent Exam Review. Link opens in new window Several bundle and individual course options to help you prepare for the EA exam. Features include:

  • Full Course Bundle (Parts 1, 2, & 3)
  • Proprietary A.S.A.P. Technology
  • Over 80% Pass Rate
  • Over 1800 Multiple Choice Questions — with full text answers!
  • Up-To-Date IRS Publications — Built into the Software
  • Unlimited Practice Exams
  • Trending Scores
  • Desktop, Mobile, & Tablet Compatible
  • FREE Automatic Content Updates
  • Pass Guarantee

Last updated 10/8/2019 8:49:39 AM

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