Student Login|View Cart|Manage Licenses










Two Tax Credits to Help Pay Higher Education Costs

There are two federal tax credits available to help you offset the costs of higher education for yourself or your dependents. These are the American Opportunity Credit and the Lifetime Learning Credit. Visit our Blog to learn more..

Seven Facts about Injured Spouse Relief

If you file a joint return for your client and all or part of their refund is applied against their spouses’ past-due federal tax, state income tax, child or spousal support or federal nontax debt, such as a student loan, your client may be entitled to injured spouse relief. There are seven facts the IRS wants you to know about claiming injured spouse relief. Visit our Blog to learn more.

Six Tips for Paying Estimated Taxes

Estimated tax is a method used to pay tax on income that is not subject to withholding. You may need to pay estimated taxes during the year depending on what you do for a living and what type of income you receive. There are six tips from the IRS that will provide you with a quick look at estimated taxes and how to pay them. Visit our Blog to learn more.

10 things the Internal Revenue Service wants your client to know about setting aside retirement money in an IRA.

The first one is your client may be able to deduct some or all of their contributions to their IRA. Your client may also be eligible for the Savers Credit formally known as the Retirement Savings Contributions Credit. Visit our Blog to learn more.

Eight Tips for Deducting Charitable Contributions

Charitable contributions made to qualified organizations may help lower your client's tax bill. The IRS has put together the following eight tips to help ensure their contributions pay off on their tax return. Visit our Blog to learn more.

Ten Things to Know about Farm Income and Deductions

If your client has a farming business, there are several tax issues to consider before filing their federal tax return. The IRS has compiled a list of 10 things that you may want to know. Visit our Blog to learn more.

Employee Business Expenses

If you itemize deductions for your client and they are an employee, they may be able to deduct certain work-related expenses. The IRS has put together the following facts to help you determine which expenses may be deducted as an employee business expense. Expenses that qualify for an itemized deduction include... Visit our Blog to learn more.

Work From Home? Consider the Home Office Deduction

Whether you are self-employed or an employee, if you use a portion of your home for business, you may be able to take a home office deduction. There are six things the IRS wants you to know about the Home Office deduction. Visit our Blog to learn more.

What Parents Should Know about Their Child’s Investment Income

Parents need to be aware of the tax rules that affect their children’s investment income. There are four facts from the IRS that will help parents determine whether their child’s investment income will be taxed at the parents’ rate or the child’s rate... Visit our Blog to learn more.

Get Credit for Making Your Home Energy Efficient or Buying Energy-Efficient Products

Taxpayers who made some energy efficient improvements to their home or purchased energy-efficient products last year may qualify for a tax credit this year. The IRS wants you to know about these six energy-related tax credits created or expanded by the American Recovery and Reinvestment Act of 2009. Visit our Blog to learn more.

Nine Facts on filing an Amended Return

An amended tax return generally allows your client to file again to correct their filing status, their income or to add deductions or credits your client may have missed. There are nine points the IRS wants you to know about amending your federal income tax return. Visit our Blog to learn more.

Tax Refund Withholdings and Offsets

If your client owes money because of certain delinquent debts, the IRS or the Department of Treasury's Financial Management Service (FMS), which issues IRS tax refunds, can offset or reduce their federal tax refund or withhold the entire amount to satisfy the debt. There are seven important facts the IRS wants you to know about tax refund offsets. Visit our Blog to learn more.

Eight Facts on Penalties

When it comes to filing a tax return – or not filing one - the IRS can assess a penalty if your client fails to file, fails to pay or both. There are eight important points the IRS wants you to know about the two different penalties your client may face if they do not file or pay timely.Visit our Blog to learn more.

Earned Income Tax Credit

The Earned Income Tax Credit is a financial boost for workers earning $46,227 ($51,567 married filing jointly) or less a year. Four of five eligible taxpayers filed for and received their EITC last year. There are 10 things the IRS wants you to know about this valuable credit. Visit our Blog to learn more.

Medical and Dental Expenses

If you itemize deductions for your client on Form 1040, Schedule A, There are six things the IRS wants you to know about medical and dental expenses and other benefits. Visit our Blog to learn more.

Are Your Client's Social Security Benefits Taxable?

The Social Security benefits your client receives in 2012 may be taxable. They should receive a Form SSA1099 which will show the total amount of the benefits. The information provided on this statement along with the following seven facts from the IRS will help you determine whether or not the benefits are taxable. Visit our Blog to learn more.

Six Facts the IRS Wants You to Know about the Alternative Minimum Tax

The Alternative Minimum Tax attempts to ensure that anyone who benefits from certain tax advantages pays at least a minimum amount of tax. The AMT provides an alternative set of rules for calculating your income tax. In general, these rules should determine the minimum amount of tax that someone with your income should be required to pay. If your regular tax falls below this minimum, you have to make up the difference by paying alternative minimum tax. Visit our Blog to learn more about the facts.

Ten Things to Know About the Child and Dependent Care Credit

If your client paid someone to care for their child, spouse, or dependent last year, they may be able to claim the Child and Dependent Care Credit on their federal income tax return. There are 10 things the IRS wants you to know about claiming a credit for child and dependent care expenses. Visit our Blog to learn more about the facts.

Seven Tips About Rental Income and Expenses

Does your client rent property to others? If so, you’ll want to read the following seven tips from the IRS about rental income and expenses. You generally must include in your client's gross income all amounts your client receives as rent. Rental income is any payment you receive for the use of or occupation of property. Expenses of renting property can be deducted from your gross rental income. You generally deduct your rental expenses in the year you pay them. Publication 527, Residential Rental Property, includes information on the expenses you can deduct if you rent property. Visit our Blog to learn more about the seven tips.

Ten Facts for Mortgage Debt Forgiveness

If your client's mortgage debt is partly or entirely forgiven during tax years 2007 through 2012, they may be able to claim special tax relief and exclude the debt forgiven from your income. There are 10 facts the IRS wants you to know about Mortgage Debt Forgiveness. Visit our Blog to learn more.

Four Credits That Can Pay at Tax Time

Your client might be eligible for a valuable tax credit. A tax credit is a dollar-for-dollar reduction of taxes owed. Some credits are even refundable, which means you might receive a refund rather than owe any taxes at all. There are four popular tax credits you should consider before filing your client's 2012 Federal Income Tax Return. Visit our Blog to learn more.

Many Tax Return Preparers Must Use IRS e-file Beginning in 2011

A new law requires many paid tax return preparers to electronically file federal income tax returns prepared and filed for individuals, trusts, and estates starting Jan. 1, 2011. The e-file requirement will be phased in over two years. As a result of the new rules, preparers will be required to start using IRS e-file beginning:

January 1, 2011— for preparers who anticipate filing 100 or more Forms 1040, 1040A, 1040EZ and 1041 during the year; or

January 1, 2012— for preparers who anticipate filing 11 or more 1040, 1040A, 1040EZ and 1041 during the year.

Did your Client Take an Early Distribution from Their Retirement Plan?

Some taxpayers may have needed to take an early distribution from their retirement plan last year. The IRS wants individuals who took an early distribution to know that there can be a tax impact to tapping your retirement fund. There are ten facts about early distributions. Visit our Blog to learn more.

Get Credit for Your Client's Retirement Savings Contributions

Your client may be eligible for a tax credit if you make eligible contributions to an employer-sponsored retirement plan or to an individual retirement arrangement. There are six things the IRS wants you to know about the Savers Credit. Visit our Blog to learn more.

Important Tax Law Changes for 2012

Tax Preparers should make sure they are aware of many important changes to the tax law before they complete their client's 2011 federal income tax return. There are several important changes that the IRS wants you to keep in mind when you file your 2012 federal income tax return in 2013. Visit our Blog to learn more.

Six Facts about Choosing the Standard or Itemized Deductions

When filing your client's federal income tax return, taxpayers can choose to either take the standard deduction or to itemize their deductions. The IRS has put together the following six facts to help you choose the method that gives you the lowest tax. Visit our Blog to learn the facts.

Tax Benefits for Disabled Taxpayers

Taxpayers with disabilities and parents of children with disabilities may qualify for a number of IRS tax credits and benefits. There are seven tax credits and other benefits. Visit our Blog to learn more.

Taxable or Non-Taxable Income?

Generally, most income you receive is considered taxable but there are situations when certain types of income are partially taxed or not taxed at all. Visit our Blog to learn more.

Four Tax Tips about Tip Income

If you work in an occupation where tips are part of your total compensation, you need to be aware of several facts relating to your federal income taxes. Here are four things the IRS wants you to know about tip income. Visit our Blog to learn more.

Six Important Facts about Dependents and Exemptions

Some tax rules affect every person who may have to file a federal income tax return – these rules include dependents and exemptions. Here are six important facts the IRS wants you to know about dependents and exemptions that will help you file your 2012 tax return. Visit our Blog to learn more.

Tax Help ‘en Español’

Tax information can be tough to understand in any language, but it can be even more difficult if it is not in your first language. The IRS offers a wide range of free and easy-to-use products and services for Spanish speaking taxpayers. There are nine ways you can get help from the IRS if you need assistance with your federal taxes in Spanish. Visit our Blog to learn more.

Eight Facts About Filing Status

The first step to filing your federal income tax return is to determine which filing status to use. Your filing status is used to determine your filing requirements, standard deduction, eligibility for certain credits and deductions, and your correct tax. There are five filing statuses: Single, Married Filing Jointly, Married Filing Separately, Head of Household and Qualifying Widow(er) with Dependent Child. There are eight facts about the five filing status options the IRS wants you to know so that you can choose the best option for your situation. Visit our Blog to learn more.

Choosing the Simplest Tax Form for Your Client

If you file your return using IRS e-file, the system will automatically decide which form you need. There are some general rules to consider when deciding which paper tax form to file. Visit our Blog to learn more.

Do you know how to obtain IRS Forms and Publications?

The Internal Revenue Service has free tax forms and publications on a wide variety of topics. Due to the continued growth in electronic filing, the availability of free options to taxpayers and efforts to reduce costs; the IRS will no longer be automatically mailing paper tax packages. If you need IRS forms, there are four easy methods for getting the information you need. Visit our Blog to learn more.

Updates for IRA Accounts

For 2012, individual taxpayers can deposit up to a certain amount into a Traditional or Roth Individual Retirement Account (IRA). Visit our Blog to learn more.

Ten Tax Benefits for Parents

There are 10 tax benefits the IRS wants parents to consider when filing their tax returns this year. Visit our Blog to learn more.

IRS Launches the IRS2Go App for iPhone, Android

Taxpayers Can check refunds and get tax information.

Tax Help for Small Businesses and Self-Employed

The IRS Small Business and Self-Employed Tax Center at https://xxxwww.irs.gov/smallbiz offers extensive resources and online tools designed to help small businesses and self-employed persons.

Tax Tips for Self-employed Individuals

If you are in business for yourself, or carry on a trade or business as a sole proprietor or an independent contractor, you generally would consider yourself self-employed and you would file IRS Schedule C, Profit or Loss From Business or Schedule C-EZ, Net Profit From Business with your Form 1040. There are six things the IRS wants you to know about self-employment. Visit our Blog for more information.

Ten Important Facts About Capital Gains and Losses

Did you know that almost everything you own and use for personal or investment purposes is a capital asset? Capital assets include a home, household furnishings and stocks and bonds held in a personal account. When a capital asset is sold, the difference between the amount you paid for the asset and the amount you sold it for is a capital gain or capital loss.There are ten facts from the IRS about gains and losses and how they can affect your Federal income tax return. Visit our Blog for more information.

Seven Facts about the Expanded Adoption Credit

For 2012 you may be able to take a tax credit of up to $12,970 for qualified expenses paid to adopt an eligible child. The credit is no longer refundable. There are seven things the IRS wants you to know about the expanded adoption credit. Visit our Blog for more information.

Four Facts About Bartering

In today’s economy, small business owners sometimes look to the oldest form of commerce – the exchange of goods and services, or bartering. The fair market value of property or services received through barter is taxable income. Visit our Blog to learn about the four facts.

Ten Facts about the Child Tax Credit

The Child Tax Credit is an important tax credit that may be worth as much as $1,000 per qualifying child depending upon your income. There are 10 important facts from the IRS about this credit and how it may benefit your family. Visit our Blog for more information.

Standard Mileage Rates

The 2012 rates for mileage for business use of your car is 55.5 cents a mile. Medical and moving mileage are both 23 cents per mile and for miles driven in service of charitable organizations you can deduct 14 cents a mile. Visit our Blog to learn more.

IRS RTRP Test Prep Courses

Our IRS RTRP Test Prep Tax courses simulates actual exam conditions by utilizing the way the IRS will be testing. The course is approved by the IRS (IRS provider #JKE82). Not only will you pass the exam the first time but you will be able to prepare tax returns accurately. Our IRS RTRP Tax Course will prepare you to pass the IRS Registered Tax Return Preparer Competency test and you will also obtain the tax knowledge needed to prepare Individual Tax Returns including small business. In addition, Platinum offers state supplements to further enhance your learning.

IRS RTRP Requirements

In order to obtain your valuable Registered Tax Return Preparer RTRP designation you will need to successfully pass the IRS Registered Tax Return Preparer Competency Test which will allow you to be able to prepare tax returns for compensation. Beginning in November 2011, individuals wanting to become a tax preparer and receive compensation for their services will need to pass an IRS Competency Test and obtain a Personal Tax Idenfication Number (PTIN) in order to become an IRS Registered Tax Return Preparer and receive the Registered Tax Return Preparer RTRP designation. Once you obtain your PTIN and pass the IRS Competency Test you will become an IRS Registered Tax Return Preparer. The IRS will require competency tests from all paid tax return preparers with the exception of CPAs, attorneys and Enrolled Agents (EAs). These individuals will continue with their current education requirements.

About the IRS RTRP Test Prep Tax Course including 15 hours of IRS CE credit

The IRS RTRP Test Prep Tax Course covers the subjects being tested on the IRS Competency test. This course covers wages and small business 1040 tax returns including forms 1040EZ, 1040A, 1040 (long form), personal tax return schedules and other common tax return forms including the small business Schedule C. Links to the reading material for each of the ten quizzes are conveniently located in the introduction to each quiz. A series of 355 quiz review questions will guide you through each tax publication so that you will become proficient with the IRS' terminology, guidelines, and procedures. A final exam of 75 exam questions will be given at the end of the course. The tax course also includes a comprehensive tax return exercise. Current courses are based on the IRS' most recently available tax laws, forms and schedules. Most students should expect to complete the questions and exercise within 60 hours. The tax course is available to you for six months upon registration. Return as often as you like to study and review prior to taking the IRS Competency Test. In addition, Platinum has included 15 hours of continuing education to fulfill the IRS' annual requirement for IRS Registered Tax Return Preparers. The combined course will allow you to complete both requirements at the same time, within one tax course. All this will provide you the knowledge to excel as a tax professional and pass the IRS Competency Test at an affordable cost. We provide all students with tax updates throughout the year on our Platinum Blog site.

IRS RTRP Test Prep Course

Our IRS RTRP Prep Tax Course does not include the 15 hours of IRS CE credit and is design for new tax preparers who have not yet obtained a PTIN (Personal Tax Identification Number) and therefore not required to fulfill the 15 hour IRS CE requirement. It will not only prepare you to pass the IRS Registered Tax Return Preparer Competency Test but will also prepare you to obtain the tax knowledge needed to prepare Individual Tax Returns including small business. Again, this course does not include the 15 hours of continuing education. If you are interested in both preparing to pass the IRS Competency test and fulfilling your 15 hours of continuing education credit see the course listed above. The IRS RTRP Test Prep Tax Course covers the subjects being tested on the IRS Competency test. This course covers wages and small business 1040 tax returns including forms 1040EZ, 1040A, 1040 (long form), personal tax return schedules and other common tax return forms including the small business Schedule C. Links to the reading material for each of the ten quizzes are conveniently located in the introduction to each quiz. A series of 355 quiz review questions will guide you through each tax publication so that you will become proficient with the IRS' terminology, guidelines, and procedures. A final exam of 75 exam questions will be given at the end of the course. The tax course also includes a comprehensive tax return exercise. Current courses are based on the IRS' most recently available tax laws, forms and schedules. Most students should expect to complete the questions and exercise within 60 hours. The tax course is available to you for six months upon registration. Return as often as you like to study and review prior to taking the IRS Competency Test

State Supplements

Want to add a state supplement? Boost your federal tax law knowledge by adding a state supplement to your tax education curriculum. This course includes not only the basics such as forms, filing status, dependents, exemptions and deductions, but also adds taxable and nontaxable state income, credits, adjustments to income, deductions and business income. In addition, students will learn specific state tax laws regarding issues like part-year and nonresident issues, community property rules, and domestic partners. The following states are now available; Arizona, Georgia, Indiana, Illinois, Massachusetts, Maryland, Michigan, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania,Tennessee, and Virginia. There are nine states with no state tax. They are Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming.

IRS RTRP Continuing Education Courses - 15 hour

In order to maintain the RTRP designation you will need to successfully complete our 15 Hour IRS Continuing Education Tax Course which will allow you to continue to prepare tax returns for compensation.

IRS RTRP CE Requirements

The IRS will require tax preparer continuing professional education of 15 hours per year to further your tax preparer training for all paid Tax Return Preparers (except Attorneys, CPA's, Enrolled Agents). The 15 hours must include 10 hours of federal tax law topics, three hours of federal tax law updates, and two hours of tax preparers ethics. The IRS continuing professional education requirement will begin in 2012. Individuals who are Registered Tax Return Preparers, and those who have provisional PTINs have until December 31, 2013 to pass the test, will still need to obtain 15 hours of continuing professional education tax classes from IRS approved providers annually before they can renew their PTIN. Platinum is an approved provider with the IRS (Provider number #JK8E2).

About the IRS RTRP CE Courses

IRS RTRP CE 15 Hour - Personal Income Tax Return

The IRS tax course is designed for tax preparers who are looking for a 15 hour Continuing Professional Education Tax Course. The tax preparer course is actually three tax courses in one. Course #1 covers the personal income tax return, form 1040. Topics include non-business income, adjustments to income, credits and tax payments (IRS course #JK8E2-T-00001-12-S), and provides ten hours of CPE credit. Course #2 covers personal tax return updates. Topics include the non-business energy property credit, Individual Retirement Accounts, capital gains (including the new form 8949), and the first-time home buyer credit (IRS course #JK8E2-T-00003-12-S), and provides three hours of CPE credit. Course #3 covers ethical issues for the tax practitioner. Issues involving the the possession of tax records, charging of fees for the preparation of taxes and when is a tax practitioner acting in a disreputable or incompetent manner, are reviewed (IRS course #JK8E2-T-00002-12-S), and provides two hours of CPE credit. The three combined courses will meet the IRS requirement for the number of CPE credit hours including tax updates and ethics requirements. A series of 150 questions will then test your understanding of key topics. In addition, one final exam of 75 questions will be given at the end of the course.

IRS RTRP CE 15 Hour - Small Business and Depreciation

The IRS tax course is designed for tax preparers who are looking for a 15 hour IRS RTRP CPE Course. This tax course is actually three tax courses in one. Tax class #1 covers small business tax and depreciation. Topics include business income and expenses, and depreciation (IRS course # JK8E2-T-00004-12-S) and provides ten hours of CPE credit. Tax class #2 covers personal and business tax updates. Topics include the Non-Business Energy Property Credit, capital gains (including the new form 8949), standard mileage rate updates and the Small Business Health Care Tax Credit. The course IRS approval number is JK8E2-T-00005-12-S and provides three hours of CPE credit. Course #3 covers ethical issues for the tax practitioner. Issues involving the the possession of tax records, charging of fees for the preparation of taxes and when is a tax practitioner acting in a disreputable or incompetent manner, are reviewed. The course IRS approval number is JK8E2-T-00002-12-S and provides two hours of CPE credit. The three combined tax classes will meet the IRS requirement for the minimum number of CPE credit hours and the tax updates and ethics requirements. The three combined courses will meet the IRS requirement for the number of CPE credit hours including tax updates and ethics requirements. A series of 150 questions will then test your understanding of key topics. In addition, one final exam of 75 questions will be given at the end of the course.

IRS RTRP CE 15 Hour - Advanced Topics

The IRS tax course is designed for tax preparers who are looking for a 15 hour RTRP CE Tax Course. This tax course is actually three tax courses in one. Tax class #1 covers advanced tax topics including the IRS Appeals process, the ITIN program, abusive and frivolous tax schemes and military and international taxpayer topics (IRS course #JK8E2-T-00010-12-S) and provides ten hours of CE credit. Tax class #2 covers personal and business tax updates. Topics include the Non-Business Energy Property Credit, capital gains (including the new form 8949), standard mileage rate updates and the Small Business Health Care Tax Credit (IRS course #JK8E2-T-00005-12-S) and provides three hours of CE credit. Tax Class #3 covers ethical issues for the tax practitioner. Issues involving the the possession of tax records, charging of fees for the preparation of taxes and when is a tax practitioner acting in a disreputable or incompetent manner, are reviewed (IRS course #JK8E2-T-00002-12-S) and provides two hours of CE credit. The three combined tax classes will meet the IRS requirement for the minimum number of CE credit hours and the tax updates and ethics requirements. A series of 150 questions will then test your understanding of key topics. Reading links are built within the tax course.

About Platinum Professional Services

Once you enroll in our IRS online tax course, you can start studying immediately online. Learn 24/7, and at your own pace. No sitting in classrooms. No waiting for books or materials to be sent to you. We even offer full instructor support. Platinum Professional Services offers automatic grading, feedback on your missed questions, and reading material conveniently located within each tax course. No need to download anything. You will receive the tax preparer training necessary to successfully prepare tax returns. Best of all your Certificate of Completion is emailed to you immediately following the successful completion course. Platinum will then report your completion electronically to IRS so that you can be assured of remaining in compliance as a RTRP.

With Platinum Professional Services there is no confusion, only a direct path to success. Feel free to discover the most proficient way to deepen your education and be efficient, all while saving you time and money. Here at Platinum Professional Services, we make it easy for you without any added obstacles. Everyone wants to simplify their life and finally, we have the way.

To purchase, just click add to cart.

We accept Mastercard, Visa, and American Express via our secure connection. If you are not completely satisfied with our course, we will offer you a full refund within three days of purchasing.

Home  ·  Contact Us  ·  Site Map  ·  Privacy Policy  ·  Blog  ·  FAQ  ·  Testimonials  ·  Newsletters  ·  Networking  ·  Tax Resources  ·  Notary Supplies
Copyright © Platinum Professional Services
All Rights Reserved Seal Beach, CA 
 customersupport @platinumprostudies.com