Self-Study

Don’t have time to attend live tax classes? 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 cards below to visit the webpage for that offering.

= U of I Tax School-authored course.

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Basics of Partnership Taxation

This course is designed to outline the basics of preparing partnership returns so that even tax practitioners who have not historically prepared partnership returns can feel more prepared when one comes across their desk.

Deciphering IRS Pub. 225, Farmer’s Tax Guide: Part 1

This course is for anyone new or looking for a refresher in preparing farm tax returns. It focuses on the what constitutes a farm, where to report different types of income, and determining an accounting method.

Deciphering IRS Pub. 225, Farmer’s Tax Guide: Part 2

This self-study course walks you through the various types of expenses a farmer may have and explains where to report these expenses. It also discusses various depreciation methods and explains how and when to use them.

Deciphering IRS Pub. 225, Farmer’s Tax Guide: Part 3

This self-study course walks you through complex topics, including asset dispositions, installment sales, self-employment tax, estimated tax, farm income averaging, health insurance deductions, and net operating losses (NOLs).

Divorce

This course addresses tax complexities for divorced taxpayers such as filing status options, child dependency exemptions, tax benefits allocation, property division tax effects, spousal payments handling, retirement asset transfers, innocent/injured spouse relief, and deductible legal fees.

Sale of a Tax Practice

Sale of a Tax Practice and Other Service Businesses

This self-study course focuses on various considerations involved in selling a business, specifically service-related businesses such as a tax practice. You’ll learn what to consider in the years leading up to a sale, how to think

Schedule E Activities: What, Where, Who, and When

This self‐study course covers the various types of rental real estate income, as well as tax implications for items such as personal‐use days, limitations on business interest, basis for depreciation, and the qualified business income deduction.

Partnership Operations

Select Topics for Partnership Operations

This self-study course builds upon the “Basics of Partnership Taxation” self-study course offered by the University of Illinois Tax School. In particular, this course examines the tax consequences of operational decisions once the partnership has been

Tax Issues Facing Aging Clients

This course will prepare tax practitioners to support elderly clients by navigating the tax intricacies of Social Security, Medicare, retirement accounts, and aging-in-place decisions.

Trust Tax Returns — A Primer to Get You Started

This course provides the trust tax basics you need to assist your clients. This includes a crash course on trust terminology, as well as definitions, filing procedures, and tax implications of grantor (revocable) and nongrantor (irrevocable)

Written Information Security Plans (WISP) and Protecting Client Data

In this comprehensive self-study course, you’ll explore the critical aspects of safeguarding sensitive information within tax practices.