The Income Tax School

The Income Tax School

The national standard for tax preparation training, providing e-learning to tax, accounting and financial services professionals. Find us on Twitter: @TaxSchool

The Income Tax School (ITS) is the national standard for tax preparation training and provides e-learning to tax, accounting and financial services professionals. ITS also publishes student textbooks and instructor guides for classroom instruction by firms that provide in-house tax preparation training, as well as colleges and career schools. ITS is certified as a private career school by the State Council of Higher Education for Virginia (SCHEV). The School currently offers more than 40 online income tax preparation training programs nationwide, ranging from 3-hour Continuing Professional Education (CPE) seminars to 30-80 hour courses, as well as the prestigious 180-hour ITS Chartered Tax Professional-CTP ® certificate program. In addition to tax preparation training, The Income Tax School also offers a Career Center, an Internship program, Retreats for tax business owners and Tax Practice Management manuals to help people get into the tax preparation industry and assist those who are already in the tax business. History ITS was originally developed in 1989 to meet the tax training needs of Peoples Income Tax, Inc. a tax preparation firm with multiple offices located in Richmond, Virginia. Charles McCabe, President and CEO of Peoples Income Tax, knew from past experience that it’s difficult to find qualified tax preparers on a seasonal basis. After working as Regional Director for a leading national firm for nearly 20 years, he knew training tax preparers in-house or “growing your own tax preparers” was the best solution. Starting in 1993 we made our tax school materials available to individuals as a way to learn taxes and to businesses as a way to train qualified tax preparers in-house. In 2001, ITS launched its online tax school and now teaches tax education to students nationwide and beyond. Many students are beginners who are learning taxes for the first time. However, we also have EAs, CPAs and CFPs that take our courses for Continuing Professional Education. Tax Business Owners Over the years the tax school materials have been refined and have been available for individuals and businesses since 1993 as a way to learn taxes and train qualified seasonal and year-round tax preparer in-house. Why send your employees and prospects to the competition when you can train them?

Mission: The Income Tax School is dedicated to providing useful information and resources to tax school students, tax professionals, tax business owners and tax school instructors to ensure their success.

Tax Course Comparison Chart

Which tax track is right for you? Check out our tax course comparison chart to start your journey to becoming a tax professional! Below is a comparison chart for our beginner Comprehensive Tax Course and our Chartered Tax Certificate Programs, which also start with our Comprehensive Tax

IRS plans tougher background checks on practitioners

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Save 30-50% with Cyber Week Savings!

Save 30-50% with Cyber Week Savings!

What I've Learned from 25 Years as an Accountant

Great advice! Here are Craig Smalley's best tips for accounting professionals.

The Case for Increased Transparency in Your Firm

Before things get crazy during the tax season, disconnect and treat yourself to that vacation you deserve. Most accountants don't disconnect from their jobs during a vacation

We hope you enjoy this day full of great food and family!

Feeling Thankful

There's a lot to be thankful for today. In the hustle and bustle of daily life, how many times you've stopped to think about the things you are thankful for - or should be thankful for? Thanksgiving

How Long Do Retirement Assets Need to Last?

Planning for retirement is hard enough, and talking about life expectancy with clients can be exceptionally difficult. But the bottom line is, to be prepared clients need to take in account for these things. Health and lifestyle are big factors in retirement planning

Becoming a tax professional can be easy, affordable and fast! And the best part of all? We offer a course to provide just that:

6 Business Tips for Your Clients to Manage Self-Employment

Make sure your self-employed clients are implementing these products to make running their business as seamless as possible. Here’s a starter toolkit with 6 tips to share with your self-employed clients for best performance.

Taking control of your business security ahead of tax season

Tax season is almost here! That means it's time to up the ante on security for your clients data. In an era when cyberattacks occur so frequently, it’s crucial to be educated and proactive about protecting your firm.

IRS Releases 2020 Tax Rate Tables, Standard Deduction Amounts And More

The 2020 tax rates, inflation adjustments and cost-of-living adjustments have just been set by the #IRS. The Internal Revenue Service (IRS) has announced the annual inflation adjustments for the year 2020, including tax rate schedules, tax tables and cost-of-living adjustments.

Start a Tax Business or Grow the One You Have

Start a Tax Business or Grow the One You Have! Save 20% on Our Guide or Practice Manuals. Sale Ends Today!

IRS Proposes Lowering Required Minimum Distributions For IRA (And Other Retirement Account) Owners And Beneficiaries

The IRS may be finally updating the life expectancy table. Newly proposed RMD rules for IRAs will most likely benefit the wealthy.

Celebrating Tax Entrepreneurs

This week is Global Entrepreneurship Week. Here's the tax entrepreneurs and future tax business owners! You are an important part of your community - whether you know it or not. November 19th was National Entrepreneur Day and this week happens to be Global Entrepreneurship Week. Why celebrate entrepreneurs? Because they are the heart

Are you ready for the 2020 tax season? Use this as a checklist and don't fall behind:

Start a Tax Business or Grow the One You Have

Start a Tax Business or Grow the One You Have! Save 20% on Our Guide or Practice Manuals.

High School Student Owes Tax on Prize for Good Grades

She may be a winner for her good grades, but this is a bum deal. In a new case, a high schooler was taxed on a car she won as a prize.

Looking for a way to get more exposure with little resources? Collaborate with partners and business within your local network.

Now Hiring: Curriculum Writers for The Income Tax School

Now Hiring: Curriculum Writers for The Income Tax School. Make Money Year-Round!

The Tale of the Dead-Broke Business Owner

Here's a horror story that would scare any accountant! Poor planning can cause even a successful business owner to lose everything.

There’s A New Question On Your 1040 As IRS Gets Serious About Cryptocurrency

Cryptocurrency isn't just getting a lot of attention from the public. Days after the Internal Revenue Service (IRS) released two new pieces of guidance for taxpayers who engage in transactions involving virtual currency, the IRS announced another compliance measure: a checkbox on form 1040.

5 Reasons Veterans Make Great Tax Preparers

We celebrated Veterans Day this week, which made us think the important skills our veterans process that translate to tax preparation. There's nothing more honorable than serving your country. Our Veterans should be honored and revered as heroes. Unfortunately, once their service is over, many

Now Hiring: Curriculum Writers for The Income Tax School

Now Hiring: Curriculum Writers for The Income Tax School. Make Money Year-Round!

Are you a new EA or are in the process of becoming one? Here are a few tips to be successful:

Are Tax Bank Products the Right Fit for You and Your Clients?

The problem of bank access is real. Not everyone has access to an affordable, safe, and secure banking service. What does that mean to you and your clients at tax time? Did you know that, according to the FDIC, over six percent of American households did not have or use a bank? And that nearly nineteen percent more are

Tax Preparation Classes & Courses | How To Become A Tax Preparer

Why become a tax professional? It can increase your earnings, increase your hiring chances, and it's super easy with our comprehensive course! Learn more about how we take people from no previous experience to experts. Register now for our tax preparation classes and courses and learn how to become a tax preparer. Sign up and start your education today!

How to grow your tax practice, while delivering more value for clients

Just getting started with your new tax business? This one tip can make a huge difference for growth. When most CPAs set out to hang their own shingles, they purchase an existing practice, which gives them a client base right at the starting gate.

Now Hiring: Curriculum Writers for The Income Tax School

Now Hiring: Curriculum Writers for The Income Tax School. Make Money Year-Round!

Today we take time to truly appreciate our Veterans, who sacrifice time away from their families among other things to serve out country. Happy Veterans Day!

Honoring our Veterans

Honoring our Veterans! Thank you to all who have served. *Year-round savings for active military, veterans, and their spouses.

Better Every Day: People, products and platform

What drives a successful tax business? It could be an awesome client-relationship. These are the building blocks for making your clients’ lives better.

Bill to tax vaping like tobacco products clears House committee

Vaping will now come at an even higher price. The House Ways and Means Committee approved legislation that would tax e-cigarettes, such as vaping devices, the same as tobacco products.

Election Week Savings

Last Day to Save 15% with Election Week Savings!

'Tis the Season to Market Your Tax Business

The holidays are right around the corner. Don't miss these great opportunities. The summer is over and fall is here. For a lot of B2B businesses, the holiday season is uneventfully slow. For tax professionals, the extension deadline is over

Down payments on the future of accounting

You should be investing in your firm! No matter how big or small their practice is, accountants need to invest in themselves.

IRS Announces New Payment Option for Some Delinquent Taxpayers

This just in: There's a new payment system for tax payers who still owe the IRS money. The Internal Revenue Service (IRS) has announced that a new payment option has been added to the private debt collection program. The payment option is intended to make it easier for those who owe to pay their tax debts, although some fear that it could lead to abuse.

Why enroll in our comprehensive tax preparation course? It could take you from beginner to pro in a matter of months. The best part? There's no prior experience or degree needed! Learn more about our tax preparation class here:

Election Week Savings

Everyone Votes for Savings! 15% OFF Now through Saturday!

As the holiday shopping season rolls around, we thought it might be a good idea to remind you of these online shopping tips from the IRS. Read them here:

PTIN renewal season begins

PTINS expire on December 31st. Be sure to register for a new one now! The IRS is now accepting applications and renewals for the tax preparer ID numbers.

How CPAs Should Advise Clients On Tariffs

Here's a comprehensive guide on how to advise clients on tariffs. With tariffs almost constantly in the news, it's important to remember that they can, and will, impact your clients. Even if your client isn't directly

What does it take to become an Enrolled Agent? Here's a look at to go from novice to EA in no time with the help of The Income Tax School. Learn more here:

Happy Halloween! September and October have been busy months for tax news! Don’t be spooked by these tax industry updates. We’ve got the tax news recap to get you up to speed. Read our blog for a recap of all the changes ➜

IRS clarifies the tax treatment of cryptocurrency ‘hard forks’ and ‘airdrops’

Here's the nitty-gritty of cryptocurrency and it's role at the IRS. The IRS ruled that a taxpayer does not have gross income as a result of a hard fork of a cryptocurrency if the taxpayer does not receive units of a new cryptocurrency, but does have gross income as a result of an airdrop of new cryptocurrency after a hard fork if the taxpayer receives units of the n...

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10120 W Broad St, Ste A
Glen Allen, VA

Opening Hours

Monday 09:00 - 17:00
Tuesday 09:00 - 17:00
Wednesday 09:00 - 17:00
Thursday 09:00 - 17:00
Friday 09:00 - 17:00
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