7 Best Tax Preparation Courses [DECEMBER 2020] [UPDATED]

Whether a business owner, employee, or corporate trainer, every working professional must submit their taxes to avoid charges and penalties from the government. Thus, it’s crucial to have profound knowledge about Tax laws to prepare yourself for filing accurate taxes. At Digital Defynd, we help individuals learn about taxes in their states and their rules that need to be followed. Our global experts have curated a list of some of the Best Tax Preparation Courses, Tutorials, Classes, Training, Specializations, and Certification programs available online for 2020. Enrolling in these courses will help you gain a solid understanding of tax preparation. Check out our compilation of Best Internal Auditors Courses.

 

7 Best Tax Preparation Courses [DECEMBER 2020]

1. Tax Preparation and Law 2021, 2020, 2019 & 2018 – Income Tax (Udemy)

Created by the practicing Certified Public Accountant (CPA) – Robert (Bob) Steele, this course is designed to help you with Income tax preparation Form 1040 and supporting schedules. Taking up this path will help you learn how to calculate taxes using tax formula, the concept of filing status, completion of tax return while understanding list itemized deductions, and credits description. The course is created for students who want to learn tax law, tax & accounting students who wish a reasonable explanation and practical examples of tax concepts. This course will help you know the steps of filling out a tax form and make you aware of filing status and dependents.

 

Key USPs –

– Learn about Income tax preparation for the years 2021, 2020, 2019, & 2018 comprising of presentations, practice problems, downloadable PDF files, & and comprehensive problems.

– Learn the concepts of filing taxation status and know how it will impact the items included in the gross income of the individual.

– Know how to fill out a tax form, understand the formula into its components along with the concept of filing status and how they affect the tax formula.

– Understand how adjustments for adjusted gross income called above the line deductions and know more about the primary above the line deductions.

 

Duration: 47 hours

Rating: 4.4 out of 5

You can Sign up Here

 

Review: What an amazing course I have learned a lot and looking forward to continue using this tool to be myself in the future. I enjoy the course a lot. – Jean E Demorcy.

 

2. US Income Taxes – Income Tax Preparation Simplified for You (Udemy)

It is very important to learn about your region’s taxation laws and follow them without missing even one guideline. You should know how your country’s tax systems or state work and what you can do to utilize them effectively. This course on Udemy can help you understand these pointers and create practices to follow them from the beginning. The course is constructed with experts and accounting professionals who have in-depth knowledge of US income taxes. Moreover, you will get all the learning and resource materials to simplify this education. You may want to check our take on Best Options Trading Courses.

 

Key USPs –

– Understand the basic federal income tax laws and how it applies to your own personal or household situation along with preparing and filing your own basic federal and state income tax return.

– Know about the procedure of filing your federal and income tax under the provinces of your state/region along with E-file systems.

– Learn the benefits of federal credits and other tax deductions that are availed by following and filing income tax returns consistently.

– Get to plan for your income taxes in the future and discover, understand, and apply the federal credits and deductions that are accessible to you as a taxpayer and your dependents.

 

Duration: 2-3 Hours

Rating: 4.4 out of 5

You can Sign up Here

 

Review: Very explainable; I would have liked to see vocabulary words and more hands-on examples but other than it was great, I’m glad I was able to learn so much to better myself at doing taxes. – Julia A Smith.

 

3. Tax Strategies of the Wealthy (Udemy)

It is amongst one of the best introductory courses on Udemy, designed to help you learn various tax topics from tax history in the US to credits and deductions. It is specially designed for anyone who wants to pay fewer taxes, and this income tax course will help you learn to save money on your taxes and build wealth in a tax-efficient way with the understanding of retiring without paying any taxes on your income. The course instructor, Greg Vanderford, is a Teacher and Entrepreneur who designs curriculum and does corporate training. He will help you understand the key concepts of income tax filing strategies throughout the class with techniques and concepts of saving taxes.

 

Key USPs –

– An introductory course that is a foundation for solid understanding for creating legal tax shelters and preventing audits with the knowledge of saving money on taxes.

– Get a detailed overview of income tax systems and various types of taxes that every individual should understand and pay.

– Learn to create and implement various tax return strategies to reduce the payable amount while filing the income tax and build as many credits as possible on returns.

– Understand the significance of filing income tax and know the evaluation of credits that will be counted in your wealth.

 

Duration: 2-3 Hours

Rating: 4.5 out of 5

You can Sign up Here

 

Review: Great course covering many topics about taxes and giving good information to start learning more about taxes. Very good tips that can be implemented right away. Thank you for the course. – Ricardo Morales.

 

4. How to Prepare Your Taxes (Udemy)

Tax return policies are made for true citizenship in a particular region or country, for their own goods and benefits. Created by John Crowder, EA, the Instructor of Tax, this course is designed to teach you the ins and outs of the federal income taxes of yours that saves money and time. Enrolling in this course will give you a basic understanding of life events affecting your taxes and offers to debunk myths about tax deductions and credits. During the classes, get some tips and tricks to save on taxes that comprise things you can do for your upcoming tax return. Moreover, you will access the course for a lifetime and get a certificate once it is completed. Have a look at our curation of Best Investment Banking Courses.

 

Key USPs –

– Get to learn to file your tax return with a greater understanding of how life events can have an effect on your taxes and learn to prepare your tax return.

– Understand various tax deductions and credits exchanged while utilizing different goods or services of your country.

– Learn to prepare a financial plan for the year and know about the tax deductions you must carry to avoid legal notices or warnings.

– Live interaction with the instructors to help you know what privileges you will get after following strict norms of taxation laws.

 

Duration: 2-3 Hours

Rating: 4.3 out of 5

You can Sign up Here

 

Review: Slow pace, clarity of explanation; like the note-taking feature; like being able to review an earlier concept. Great examples used in explanations. – Georgia Green.

 

5. Income Tax Preparation Course (H&R Block)

H&R Block is a great platform to learn about income tax preparation and implementing the best practices to follow the laws. This course can help you invest in your skills and master your return or initiate a potential career. Enrolling in the curriculum will help you get an overview of the Tax theory, current tax laws, and filing practices with the understanding of client communication skills and interactive discussions, and more. It will guide you through filing requirements, qualifying dependents and support, EITC & ACTC, along with other income and adjustments. This virtual learning is accessible to any person across the globe and very flexible to adapt for the students or professionals.

 

Key USPs –

– Learn Tax theory, detailed skills to prepare tax returns, current tax laws and filing practices, and client communication skills and techniques.

– Live interaction with the skilled instructors to clear the doubts about income tax topics and learn different strategies from their experience with interactive, professional discussions, and one–on–one instructor assistance.

– Access to various knowledge assessments tests that can help to improve your knowledge and skills for preparing income tax practices.

– An overview of real-world experiences that can help to retain your financial benefits by paying income taxes on time.

 

Duration: 12 Weeks

Rating: 4.4 out of 5

You can Sign up Here

 

6. Tax Education Courses (Liberty Tax)

Liberty Tax is known for offering multiple Income tax preparation courses to help students understand the tax code to enable them to earn extra income while getting a tax return. Since learning about various tax deductions is always essential to manage your finances, this platform is a perfect fit to find the one that is relevant to you. There are various other resources available on the website that can help you explore legal tax deductions and additional information to be assessed during the procedure. The platform instructors are experts in their field and cover all the tax schedules, forms, and credits that can be filed with an individual tax return. Don’t forget to check our list of Best Fintech Courses.

 

Key USPs –

– Access to the variety of courses by utilizing the search console of Liberty Tax website along with their information.

– Get online training related to basic Online Tax Courses that are recorded and can be viewed at your convenience, if you aren’t comfortable with offline classes.

– Available with online and offline classes along with the preview of whole topics in the syllabus to be learned.

– Ease of payment for the course you will choose to adapt and learn related to income tax preparation and best practices.

 

Duration: Variable

Rating: 4.3 out of 5

You can Sign up Here

 

7. Tax Preparation Courses (IRS)

Understanding taxation laws and their significance is not an easy task. You need various resources to deeply analyze their work and implement the best practices to follow them consistently. IRS online education portal will give you access to various learning courses about tax preparation and filing the returns through different methods. Taking up these classes will help you understand how tax preparation is essential for small-medium businesses and large organizations that deal with incredible revenue. Utilizing this portal will also give you access to determine the best course according to professional and purpose.

 

Key USPs –

– A set of comprehensive classes and courses that are prepared to help you learn and prepare yourself for the tax-related laws, ITR, and more.

– Choose according to your requirements and determine whether this course is scalable to an extent where you can learn more taxation practices.

– Access to the courses that will help you learn the utilization of various taxation tools for easing the process of filing returns.

– Availability of courses by profession, purpose, or different requirements to fulfill your legal taxation needs without any delay or mistake.

 

Duration: Variable

Rating: 4.3 out of 5

You can Sign up Here

 

 

The above set of courses and tutorials are prepared after in-depth research of top e-learning platforms and resources. You can take up any learning path and begin your Tax preparation journey. Besides, each will provide you a real-world learning experience.