Universal Accounting, the nation’s largest training center for accounting, bookkeeping and tax preparations, today released their updated Professional Tax Preparer (PTP) program to reflect changes in tax law for the 2012 tax preparation year. Available for more than 7 years now, the PTP program has enabled countless individuals to successfully complete full individual (1040) and business (1065, 1120, 1120S) returns.
Universal is the first training organization to update their tax program this early in the year to include all the new tax forms and laws.
Allen Bostrom, Universal Accounting’s President and CEO, explains, “By being the first to release a comprehensive course reflecting today’s law, is evidence that Universal is committed to providing relevant current training.”
The Professional Tax Preparer program is comprised of four modules that teach students everything they need to know about standard returns, the sheltering of income, income adjustment strategies, and self-employment and rental income property. A self-paced, home-study program that’s now available online, the PTP enables professionals to complete the training when it’s most convenient for them.
The course also enables paid tax preparers to comply with new IRS regulations which include a competency exam and the yearly acquisition of 15 Continuing Professional Education (CPE) credits (two hours of ethics, three hours of federal tax updates, and 10 hours of general federal tax law topics). As an approved IRS Continuing Education Provider, individuals desiring to maintain their Registered Tax Return Preparer status can fulfill their CPE requirements through Universal’s Professional Tax Preparer course.
Bostrom says, “The course is a terrific source for preparation for the Registered Tax Preparer Exam by teaching in every topic currently included in the IRS test. Once a person is a registered tax preparer, EA, or CPA, the 4-module course qualifies for 72 hours of CPE, including ethics.”
Universal Accounting’s Professional Tax Preparer Program consists of video instruction, practice books, and manuals. Becoming a Professional Tax Preparer is essential for those involved in the practical application of federal tax laws for individuals and businesses. The PTP designation is offered by exam to Universal Accounting students. For more information visit Universal Accounting at http://www.hometaxbusiness.com.