Preparing Returns with Multiple Income Sources

This illustrative course is designed to provide a more tangible experience in understanding tax preparation. The course content will identify possible sources of taxable income, examine self-employment income and the necessity to make estimated payments, and generally explains the initial steps taken at the beginning of the return process.

• Identify sources of taxable and non-taxable income 
• Identify self-employment income and expenses
• List examples of other income 
• Calculate gains or losses on sales of non-business assets 
• Explain the application of self-employment tax 
• List available payment options