Live Course EA Exam Review – Part 2

Live EA Exam Review Course – Part 2

Live classes meet Tuesdays, Thursdays and Saturdays with TaxMama® &/or her instructors.
Students download secure online conferencing software to their computers which enables them to meet online, speak directly to instructors, meet in chat rooms and message instructors and other students directly
Lots of personal attention.
Each exam Part includes 40-58 hours of live classes.
All classes are recorded – so you get 40-58 hours of audio recordings and replays of at least 14-23 lectures per exam. There is a sample recording from one of the classes one the right.
Access to all lecture notes, including forms and explanations.
Access to the discussion forums, including your own blog, to track your notes and exchange information with other students.

The EA Exam is broken down into three parts, click on the button below for more details on each part of the exam. And click here for information about getting CPE credits:

Part 2 Business Taxation

2012 Dates and Live Course Schedule

TaxMama’s® Live Course classes take place on Tuesday and Thursday afternoons between 4:00 pm and 6:00 pm (PACIFIC) and on Saturday mornings between 8:00 am and 12:00 pm (PACIFIC) unless stated otherwise. (You’re not in the Pacific time zone? Look up your time here.)

Part 2 – Business Taxation

There will be a special Part 2 Final Review Class on Saturday May 12th for those who just want to finish that one part.

Regular Part 2 Classes start Tuesday July 10 and run through Saturday September 29.

Note: Part II classes overlap the last 4 sessions of Part I.

*** Join TaxMama® in Las Vegas at the IRS Tax Forums – July 31st through August 2nd ***

Dates are subject to change

If dates are not compatible with your schedule, check out TaxMama’s® Self Study Course – it contains all the notes and audio recordings of the live classes but allows you to learn in your own time.

What You Will Learn

The course will include TaxMama’s® special twists, teaching you more than tax law – you’ll learn:

how to select the best entity for your clients
how to prepare business tax returns and get pointers on simplifying your work
how to reconcile tax returns to books – even if there really aren’t any books
how to protect your practice from client conflicts and lawsuits
how to maintain an ethical practice, in the face of client ‘persuasion’ to assist them in little falsehoods
how to find loopholes to help cut taxes legally
You’ll get answers to questions you’ve always been afraid to ask
Personal attention from TaxMama to guide you
Study Buddies to work with

Materials

TaxMama’s® Ebook, The 100% Home-Based Business Tax Solution
Gleim’s EA Part 2 book and test prep CD
FasTax software covering 4 years of EA exam questions and answers.
Small Business Taxes Made Easy – paperback book
FreshBooks
24/7 Study hall with links to key part 1 materials
Access to study buddies and study buddy teams
The Deluxe version of The Tax Book (live class only)
Free tax software to test and PREPARE and EFILE business tax returns

Course Outline

Orientation – Familiarity with Materials, Homework assignments, Study Buddy info, STUDY SKILLSLectures 9 – 12 of Part I – Assets, Depreciation, Sales and ExchangesLecture 1 – The big Picture – Overview of Business Entities, Pros and Cons of using each FormatLecture 2 – First piece – Accounting 101 – Understanding the Balance Sheet and Income Statement

Lecture 3 – Favorite piece – Business Income – and how to reconcile it to third party information

Lecture 4 – Juicy piece – Business Expenses – All those luscious write-offs

Lecture 5 – Misunderstood piece – Office in Home – and how it applies to each business entity

Lecture 6 – Custom Piece – Specific Businesses – Farms, truckers, Internet Marketers

Lecture 7 – Exempt Piece – Exempt Organizations – and the new filing rules

Lecture 8 – Fun piece – Discussing the Schedule C Tax Sample and your results – and how to do it better

Lecture 9 – Shared piece – Partnerships – General, Limited, LLCs, JVs and Married Couples

Lecture 10 – Joining piece – Getting into and out of Partnerships

Lecture 11 – Sharing piece – Discussing the 1065 Tax Sample and your results – and how to do it better

Lecture 12 – Incorporated piece – C Corporations – including PSCs and holding companies

Lecture 13 – Reconciling Piece – Discussing the Form 1120 Tax Sample, reconciling Schedules L, M-1, M-2

Lecture 14 – Small Business Piece- S Corporations – Small Business or S Corporations – special issues for shareholder-employees

Lecture 15 – Filing Piece – Reconciling Piece – Discussing the Form 1120S Tax Sample and your results – and how to do it better – and reconciling Schedules L, M-1, M-2

Lecture 16 – Freedom Piece – Business retirement plans – and how they work with each entity

Lecture 17 – Trusting Piece – Estate and Trusts – Form 1041

You will get data from sample clients to input into the FREE tax software or your own tax software. You will learn where to get tax software. You will get profiles of different types of business clients, with respectable levels of complexity.