• Intermediate and Advanced Tax Courses

    Continuing Education Provider

    Jackson Hewitt is an IRS Approved Continuing Education provider, and our tax education courses* offer Continuing Education credits for EAs and other tax return preparers upon successful completion. And as a Jackson Hewitt employee, you are able to earn valuable Continuing Education credits for FREE!**

     

    Jackson Hewitt offers an extensive catalog of Intermediate and Advanced level courses for experienced tax preparers including:

    The Affordable Care Act (2 CE Credits)

    This course discusses topics associated with the Affordable Care Act (ACA) that will impact tax year 2013 returns and previews items that will affect tax year 2014 returns. Topics for 2013 include W-2 reporting for health care coverage, flexible spending account (FSA) changes, additional Medicare tax for wages and investment income, and change to the adjusted gross income (AGI) limit for deducting the itemized deduction for medical expenses. Tax year 2014 items include credits for health coverage and consequences of not having health coverage.

    Alternative Minimum Tax Basics (2 CE Credits)

    This course explains the basic concepts of the alternative minimum tax (AMT). It explains what the AMT is; when the AMT applies; how to calculate the AMT using Form 6251 for taxpayers who use the standard deduction.

    Alternative Minimum Tax, Part I (4 CE Credits)

    This course explains what alternative minimum tax (AMT) is; when AMT applies; and how to calculate AMT and complete Form 6251 for taxpayers with certain adjustments and preference items, such as itemized deductions, accelerated depreciation, and refunds of state and local taxes.

    Alternative Minimum Tax, Part II (6 CE Credits)

    This course explains how to calculate alternative minimum tax (AMT) and how to complete Form 6251 for taxpayers with more complex tax returns, such as those with higher income who are subject to the phaseout of the AMT exemption amount. Adjustments and preference items covered include investment interest expense, AMT net operating loss (NOL) deduction, exercise of incentive stock options, disposition of property, depreciation on MACRS assets, passive activities, and loss limitations. This course also includes information on the credit for prior-year minimum tax.

    Child and Dependent Care Credit (2 CE Credits)

    This course covers the requirements for taxpayers to claim the Child and Dependent Care Credit on a tax return. It includes the tests a taxpayer must meet to claim the credit, calculating the credit with and without dependent care benefits (DCB), and claiming the credit using Form 2441.

    Coverdell Education Savings Accounts (2 CE Credits)

    This course explains what Coverdell Education Savings Accounts (ESAs) are and how they impact tax returns. It covers contributions limits. It also includes information on distributions - taxability, using them for qualified education expenses, and their impact on education credits.

    Ethics and Due Diligence Requirements (2 CPE Credits)

    This course discusses the updated guidelines provided in Treasury Department Circular 230 governing all tax preparers. The course provides examples of situations outlining ethical dilemmas and suggested resolutions. Students are provided ethical scenarios to solve and multiple choice questions on penalties and sanctions covered in Circular 230.

    Foreclosures (2 CE Credits)

    This course covers foreclosures as they relate to tax returns. It includes what a foreclosure is, information reported on Form 1099C, Cancellation of Debt, reporting the debt on a tax return, and the exclusion from income for debt forgiven on a principal residence.

    Investment Income (5 CE Credits)

    This course explains how to treat various types of investment income, such as tax-exempt and nominee interest, tax-exempt and qualified dividends, partially excludable gain on the sale of a main home, short sales, wash sales, worthless securities, undistributed long-term capital gains, stock option, and investment income of a child (kiddie tax.)

    Itemized Deductions (5 CE Credits)

    This course explains how to complete returns with certain itemized deductions, including medical expenses, such as insurance premiums, transportation, and lifetime care advance payments; investment interest; charitable contribution limits and carryovers; and employee expenses, such as business use of home, leased vehicles, and meal and incidental expenses.

    *Courses vary by market. Contact your local Jackson Hewitt® office to learn which courses are offered in your area. Most offices are independently owned and operated.

    **Jackson Hewitt is an IRS approved continuing education provider. All Jackson Hewitt employees in good standing are eligible to receive free education and any necessary CE. At this time the only preparers other than CPAs and Attorneys, who are subject to state regulations, required to receive annual continuing education by the IRS are Enrolled Agents, Enrolled Retirement Plan Agents, and Enrolled Actuaries.