Tax Software
Frequently Asked Questions
Want to make your tax preparation business a thriving success? Utilizing our advanced technology you’ll have the competitive advantage that you need to succeed. You need more than just an income tax course, you need a technology partner that assists with every aspect of your tax preparation business. You need The Tax College! We don’t just build a first class income tax course, we build relationships that last a lifetime!
What our customers are saying… you can take their word for it!

Questions and Answers
What is The Tax College's Income Tax Course?
How much does the income tax course cost?
Am I required to buy your software to take the course?
If I decide to buy your tax software, how much does it cost?
How long will it take to complete the income tax course?
When can I enroll?
Will this income tax course teach me how to open my own tax preparation business?
What do I need to do to efile tax returns?
What if I want to learn about a specific area of tax preparation?
Do I need a high school or college diploma?
What are the prerequisites for taking this income tax course?
Who teaches The Tax College’s income tax course?
Must I obtain an IRS or State license or approval to prepare tax returns?
What is the scope of your income tax course?
What type of taxpayers can I expect to serve initially?
Will this income tax course teach me how to prepare returns for people that are self-employed?
Will this income tax course teach me how to prepare 1120 Corporation returns and other business returns?
Won't my training become obsolete as tax laws change?
Is your income tax course approved by the IRS?
Is your income tax course something that I can study at home on my own?
Does your income tax course qualify for Continuing Professional Education (CPE), CTEC, or OR-LTC credit?
What makes your income tax course different from your competitors?
What is the actual response time to have questions answered by the instructor?
Do I have to take an exam before I get my Certificate of Completion?
Once I complete the income tax course how will I receive my Certificate of Completion?
Do all tax preparers take an income tax course in order to work in the industry?
What is The Tax College's Income Tax Course?
The Tax College’s income tax course will teach you how to prepare individual income tax returns, from the fundamentals to more advanced tax topics. Our income tax course will get your tax preparation business started - even if you have little or no prior tax preparation experience. We offer one-on-one assistance and professional tax software training to help you learn everything you need to know to start a tax preparation business and prepare taxes professionally. If you'd prefer to learn at your own pace, on your own time from the convenience of your home or office, our income tax course is for you.
How much does the income tax course cost?
The Tax College’s income tax course is absolutely FREE! There is never any charge for tuition, books, supplies, materials, or anything else.
Am I required to buy your software to take this course?
No. This course is absolutely free. No purchase is necessary.
If I decide to buy your tax software, how much does it cost?
Our 1040 ValuePak flexible pricing options include:
Option 1 - 1040 ValuePak Standard Pricing - Regularly $599.95, ON SALE NOW for just $499.95 plus $39.95 Setup & Activation.
Option 2 - 1040 ValuePak Monthly Payment Plan - Features low, interest free monthly payments. The monthly payment amount varies depending on the month of purchase. Our Monthly Payment Plan is designed for new tax preparers that don't have any money to spend "up front" for their tax software. It includes the exact same features as our top of the line Standard Pricing software program above. 
Option 3 - 1040 ValuePak Buy Now/Pay Later Plan - Just $59.95 down with the remaining $579.95 due in mid-January. Our Buy Now/Pay Later Plan is designed for new tax preparers that don't have any money to spend "up front" for their tax software. This plan allows you to get up and running and get your tax preparation fees rolling in before you have to pay for your tax software. It also allows you to devote all of your discretionary money to advertising and marketing. It includes the exact same features as our top of the line Standard Pricing software program above.
Option 4 - 1040 ValuePak Free Download, Pay-Per-Return Plan - WorldWideWeb Tax is pleased to announce the industry's first and only professional tax software free download. There is no charge for paper (mail in) returns or for state efiles. Just pay one low transmission fee for federal efiles. Our Free Download is designed for new low volume tax preparers that don't have any money to spend "up front" for their tax software. This plan allows you get up and running and get your tax preparation fees rolling in before you have to pay for your tax software on a "per return" basis. It also allows you to devote all of your discretionary money to advertising and marketing. It includes the exact same features as our top of the line Standard Pricing software program above. This offer is only available for first years users of our software. 

The following qualifications apply to the Free Download Offer ONLY: 
1. This offer is only available to Electronic Return Originators with a current year IRS Acceptance Letter that must be faxed to us. 
2. If you have not paid $299.95 in Pay Per Return fees by February 28th we will charge your credit card the difference, which will be credited against future Pay Per Return fees done in the current year. 
How long will it take to complete the income tax course?
The income tax course consists of 30 daily information packed lessons that are delivered directly to you email inbox. Each lesson usually takes about 30 minutes to complete. Each lesson also contains a video about preparing tax returns using our professional tax preparation software, the 1040 ValuePak. Just sit back and watch the video, which usually takes about 5 minutes. You’ll set your own pace as this is a convenient home study course. There is no time frame or deadline by which you must complete the lessons. We will work with you at whatever speed you find most suitable. If you complete one lesson per day you can open your tax preparation business in 30 days or less!
When can I enroll?
You can enroll in our income tax course at any time throughout the year. However, because this is a mentored income tax course taught by tax professionals with real world experience as tax preparers, who deal with individual and small business taxpayers preparing their tax returns on a daily basis, we are busy between January 1st and April 15th of each year. Therefore, while the income tax course is still available, toll free telephone support will be unavailable during that time; and email support will be delayed.
Will this income tax course teach me how to open my own tax preparation business?
Absolutely! Now you can start a tax preparation business in your home or office with our practical, in-depth, career-level income tax course designed to help you enter the tax preparation field. With our training and your skills you’ll have what it takes to start your own tax preparation business. Our home study income tax course will teach you everything you need to know to become a tax professional.
What do I need to do to efile tax returns?
Fill out IRS Form 8633 and return it to the IRS. To download IRS Form 8633 you'll need Adobe Acrobat Reader. IRS Form 8633 can be found at the following Internet Address: http://www.irs.gov. Click on the Tax Professionals button or type "Form 8633" into the search box at the upper right of the IRS’s Home page.

You'll need to call the IRS at 1-866-255-0654 to get your finger print card. The IRS's finger print card is unique and you can only use the one that they furnish. If you submit your application without their finger print card it'll be automatically rejected. But several weeks may elapse before you receive your rejection letter in the mail. So be sure to submit your application with the IRS's finger print card.

The application period begins August 1 of each year and ends May 31 of the following year. To ensure your participation in the IRS e-file season beginning in mid-January, submit your application as soon as possible.

Send Form(s) 8633 to the Andover Service Center. See page 4 of Form 8633 for the daytime and overnight mailing address.

What if I want to learn about a specific area of tax preparation?
The course covers individual tax preparation (Form 1040) and gives you the foundation needed to launch your own tax preparation business and prepare tax returns professionally. If you decide to become a tax professional using our tax software you’ll receive ongoing tax education and training including advanced classes on such topics as preparing business tax returns and expanding your tax preparation business.
Do I need a high school or college diploma?
No, you do not have to have a high school or college diploma to take our income tax course. You probably already have what it takes to establish a successful and thriving tax preparation business – but just don’t know how to do it. That’s what you’ll learn in our income tax course.
What are the prerequisites for taking this income tax course?
There are no prerequisites for taking this income tax course. Knowledge of math is not necessary as this income tax course is fully integrated with our professional tax preparation software. Your computer will do all of the "number crunching". Experience or knowledge of tax preparation, bookkeeping or accounting is not necessary.
Who teaches The Tax College’s income tax course?
Our income tax course is taught by tax professionals with over 25 years experience. This is a mentored income tax course taught by tax professionals with real world experience as tax preparers, who deal with individual and small business taxpayers preparing their tax returns on a daily basis.
Must I obtain an IRS or State license or approval to prepare tax returns?
Federal: Anyone can prepare federal tax returns, give tax advice, or render other tax services without any type of IRS approval or registration. However, if you are paid to prepare a federal tax return you are required to sign the return and provide your Social Security Number or your Preparer Tax Identification Number (PTIN), which can be obtained at no cost from the IRS by filing form W-7P.

California and Oregon Residents: If you reside in the states of California or Oregon you are required to obtain a state license which will require a separate course. Other states do not have any licensing.

What is the scope of your income tax course?
Our income tax course is designed to train you in federal income tax law, regulations, and procedures so that upon completion you’ll have the knowledge and skill to prepare tax returns professionally.
What type of taxpayers can I expect to serve initially?
Most new tax preparers initially prepare income tax returns for low income and middle class salaried individuals who have few if any, investments, no outside income, and few deductions. These are the simple, routine type of tax returns that provide the bulk of the business for most new tax return preparers and the large national tax preparation franchise companies.

After you’ve been in the business a while you’ll probably begin to serve taxpayers with higher incomes and their sources of income will be varied. Some are likely to invest in stocks and bonds, and they usually own their own home. They may also own rental property or have other real estate investments. They’ll have more tax deductions, too.

There are also self-employed business-persons, professionals, and farmers who, in addition to their personal tax returns, are required to file various business tax returns.

Will this income tax course teach me how to prepare returns for people that are self-employed?
Yes. There is a lesson in the income tax course that covers self-employment income and expenses.
Will this income tax course teach me how to prepare 1120 Corporation returns and other business returns?
This course covers individual tax return preparation (Form 1040, including Schedule C) and gives you the foundation needed to launch your own tax preparation business and prepare tax returns professionally.

Should you decide to purchase our 1040 ValuePak Individual tax software you’ll automatically receive our Business Tax Return Preparation course. The Business Tax Return Preparation course is not available separately and is only available to 1040 ValuePak Individual users. There is no charge for the course. It is free for 1040 ValuePak users only.

Our 1040 ValuePak Business tax software, which is an add-on to the 1040 ValuePak Individual tax software, includes the capabilities to prepare business tax returns.

Won't my training become obsolete as tax laws change?
Not at all. If you become a user of our 1040 ValuePak professional tax software you’ll be updated regularly on developments in Washington and any federal tax law changes.
Is your income tax course approved by the IRS?
The IRS does not approve or accredit any course to train tax preparers.
Is your income tax course something that I can study at home on my own?
Yes, you’ll study our income tax course in the comfort and privacy of your own home or office, at your convenience. You won’t be tied to a rigid time frame and you won’t spend extra time and money traveling to and from classes. After successfully completing our income tax course you will be qualified to prepare individual income tax returns for the general public.
Does your income tax course qualify for Continuing Professional Education (CPE), CTEC, or OR-LTC credit?
No.
What makes your income tax course different from your competitors?
Our income tax course is taught by tax professionals with over 25 years experience. This is a mentored income tax course taught by tax professionals with real world experience as tax preparers, who deal with individual and small business taxpayers preparing their tax returns on a daily basis.

Because ours is the only income tax course that is fully integrated with a professional tax software program, even if you flunk our course you can still prepare tax returns professionally using the 1040 ValuePak’s Step-by-Step Interview, which asks you simple questions. You won’t even need to know which tax forms to use. 1040 ValuePak will select the correct tax forms for you and place your answers in the appropriate fields of the tax return. 1040 ValuePak completes the entire tax return for you! With our Step-by-Step Interview, if you can turn on a computer, you can be a professional tax preparer!

What is the actual response time to have questions answered by the instructor?
We provide same day service weekdays between April 16th and December 31st for both calls to our toll free number and email. However, because this is a mentored income tax course taught by tax professionals who deal with individual and small business taxpayers preparing their tax returns on a daily basis, we are busy between January 1st and April 15th of each year. Therefore, while the income tax course is still available, toll free telephone support will be unavailable during that time; and email responses may be delayed.
Do I have to take an exam before I get my Certificate of Completion?
Yes. Each lesson has an OPTIONAL Quiz. After completing lesson 30 you'll take the REQUIRED 30 question Final Exam prior to ordering your Certificate of Completion.
Once I complete the income tax course how will I receive my Certificate of Completion?
Once you have successfully completed the income tax course you will need to fill out our Request for Certificate of Completion. Your instructor will then contact you by telephone. You’ll receive your Certificate of Completion by U.S. Mail.
Do all tax preparers take an income tax course in order to work in the industry?
No. In fact most don’t. But it’s a good idea to take an income tax course prior to launching your tax preparation business and preparing tax returns for the public so that you’ll have a solid understanding of the tax laws and regulations.

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