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Center for Curriculum and Transfer Articulation
Registered Tax Return Preparer I
Course: ACC122

First Term: 2012 Fall
 Lecture   3.0 Credit(s)   3.0 Period(s)   3.0 Load  
Subject Type: Occupational
Load Formula: S- Standard


Description: Registered tax return preparer concepts and procedures. Includes filing requirements, tax forms and filing status. Also covers exemptions, types of income and adjustments in addition to procedures for handling capital transactions. Designed to prepare student for the Registered Tax Return Preparer (RTRP) Exam.



MCCCD Official Course Competencies
1. Demonstrate acquisition of Preparer Tax Identification Number (PTIN). (I)
2. Access pertinent Internal Revenue Service (IRS) Publications. (I)
3. Describe proper test preparation techniques. (I)
4. Explain taxpayer filing requirements and thresholds. (II)
5. Identify filing dates and available extensions to file and pay. (II)
6. Recite the tax formula for individuals. (III)
7. Compare and contrast various Form 1040s. (III)
8. Describe special filing rules for aliens. (III)
9. Determine taxpayer filing status. (IV)
10. Compute allowable personal and dependency exemptions. (V)
11. Determine gross income. (VI)
12. Distinguish between non-taxable income and exempt income. (VI)
13. Compare and contrast earned and unearned income. (VI)
14. Calculate net rental income. (VI)
15. Explain taxation of social security and equivalent railroad retirement benefits (VI)
16. Identify self-employment activities (VI)
17. Calculate basis of property (VII)
18. Calculate gain or loss on sale of property (VII)
19. Explain taxation on sale of home (VII)
20. Calculate retirement and health savings contributions (VIII)
21. Compare and contrast types of adjustments (VIII)
MCCCD Official Course Competencies must be coordinated with the content outline so that each major point in the outline serves one or more competencies. MCCCD faculty retains authority in determining the pedagogical approach, methodology, content sequencing, and assessment metrics for student work. Please see individual course syllabi for additional information, including specific course requirements.
 
MCCCD Official Course Outline
I. Registered Tax Return Preparer (RTRP) Exam
   A. Overview
   B. Preparer Tax Identification Number (PTIN)
   C. Internal Revenue Service (IRS) Publications
   D. Preparation
   E. Registration
II. Filing Requirements
   A. General Thresholds
   B. Special Rules for Dependents
   C. Filing Dates
   D. Extensions of Time
      1. Filing
      2. Tax Due Payment
   E. Penalties
      1. Late Filing
      2. Late Payment
III. Tax Forms
   A. Tax Formula
   B. Types
      1. 1040EZ
      2. 1040A
      3. 1040
   C. Special Rules for Aliens, 1040NR
IV. Filing Status
   A. Single
   B. Head of Household
   C. Married Filing Jointly
   D. Married Filing Separately
   E. Qualifying Widow
V. Exemptions
   A. Types
      1. Personal
      2. Dependency
   B. Qualifying Children
   C. Qualifying Relative
   D. Tie Breaker Rules
   E. Multiple Support Agreements
   F. Custodial Waiver
VI. Income
   A. Types
      1. Gross
      2. Earned
      3. Unearned
      4. Passive
      5. Net Rental
      6. Retirement
      7. Self-Employment
      8. Social Security
      9. Railroad
      10. Other
   B. Rules
   C. Taxation
   D. Calculations
   E. Non-Taxable vs. Exempt
VII. Capital Transactions
   A. Basis of Property
      1. Definition
      2. Calculations
   B. Sale of Property
      1. Gain
      2. Loss
   C. Home Sale
      1. Conditions
      2. Taxation
VIII. Gross Income Adjustments
   A. Retirement Contributions
   B. Health Savings Contributions
   C. Alimony
   D. Child Support
   E. Other
 
MCCCD Governing Board Approval Date: October 23, 2012

All information published is subject to change without notice. Every effort has been made to ensure the accuracy of information presented, but based on the dynamic nature of the curricular process, course and program information is subject to change in order to reflect the most current information available.