Monday, 21 May 2012

Online Study for Tax Practitioners with Training Info

Tax practitioner is a broad term that may apply to individuals who have completed basic tax training sufficient for preparing simple individual or small business returns or to degreed accountants who may hold the Certified Public Accountant designation. Tax practitioners require continuing professional education to maintain their skills, certifications and IRS registration requirements, in addition to staying abreast of changing regulations.

What Kinds of Online Study are Available for Tax Practitioners?

Many levels of tax practitioner training are available, from beginner classes for those who wish to become tax practitioners to advanced or continuing education instruction designed for working tax professionals. Online study opportunities range from free IRS webinars to master's and doctoral level study in accounting or taxation.

Internal Revenue Service

The Internal Revenue Service offers an interactive tax assistant, periodic free webinars and a video portal for tax practitioners, all from their website (www.irs.gov). These resources address current tax topics and changes in tax regulation. For not-for-profit organizations, the IRS offers virtual workshops and a resource library on maintaining not-for-profit status (www.StayExempt.org).

Professional Associations

Organizations like the National Association of Tax Professionals provide several types of online education, including self-study courses, webinars, workshops and exam reviews (www.natptax.com). Basic and intermediate courses are available on tax topics, including gifts and trusts, estate tax issues and retirement plans, and on business issues, such as partnership and corporation formation. The American Institute of Certified Public Accountants (AICPA) offers opportunities to earn continuing professional education (CPE) units through its online On-Demand program featuring current tax topics (www.aicpa.org).

Commercial Tax Preparation Organizations

Some tax preparation companies like Jackson Hewitt provide free basic, intermediate and advanced online tax preparation courses. In some cases, theses courses are eligible for college credit. Students who have completed Jackson Hewitt's basic course or have at least two years of tax preparation experience may take advanced courses on subjects like self-employment, itemized deductions and traditional and Roth IRAs. Advanced courses may be eligible for CPE credit.

Colleges and Universities

Colleges and universities generally offer taxation courses within their accounting degree programs; some offer individual continuing education courses. Approximately 100 public and private academic institutions offer degree programs specifically in taxation according to the National Center for Education Statistics (www.nces.gov). Some of these programs are available online.

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