Higher Course in Federal Taxes

Updated for 2014Everything you Need to Know to Qualify for the Highest Fees as a Full-Service Tax Consultant and to Successfully Take the IRS EA Enrolled Agent Exam.

For those who have experience in the tax field, National Tax Training School, the nation’s foremost specialized tax training institute, is proud to offer the “Higher Course in Federal Taxes” for advanced training in partnerships, corporations & fiduciaries. This tax course will also provide you with much of the tax knowledge needed for taking the IRS EA Special Enrollment Examination.

You proceed at your own pace; set your own schedule. Study in the comfort and privacy of your own home or office without being tied to a rigid class schedule and without spending precious time and money traveling to classes or seminars.

Approved by The IRS for CPE

Covers the Entire Federal Tax Structure

Here is a step-by-step, easily understandable training course consisting of 8 Lessons covering individuals, corporations, partnerships, estates, etc.- whatever the tax, whoever the taxpayer, you will find it covered. This advanced course is specially designed to broaden your tax horizons and initiate you into the fascinating world of advanced tax practice. It will train you to become a highly skilled tax professional rendering constantly sought-after professional services-at lucrative professional fees.

Comprehensive Up-To-Date Text

A clearly written, easily understandable step-by-step text that includes hundreds and hundreds of illustrations, real life examples and sample computations to bring to life the more commonly arising points. The text clearly explains and weaves together the tax laws, regulations, rulings and court decisions-teaching you their correct application in actual practice. Illuminating comments point out scores of practical tax-saving methods and ideas for every type of tax situation.

Self-Check Practice Problems with Worked Out Solutions

To give you the “touch” of the text, hundreds of practical working problems taken from actual “live” tax practice, drive home each point by letting you apply immediately what you have learned. The problems are hand-picked to help you not only acquire mastery of the principles developed in the text, but also train you in solving related tax problems. Such ability and resourcefulness is vital to the tax man who has his sights set high. The completely worked out solutions to each problem not only show you the correct method, but the method preferred by the experts.

Note: Many of the practice problems are optional, intended for those students who have the time and desire to put in the extra work. You may, if you wish, omit all or some of these, or return to them at any time later as a quick review.

IRS EA Exam Questions and Solutions

For the benefit of those students who wish to take the IRS EA Special Enrollment Examination, we provide a copy of past available Examination with Solutions.
Even if you do not intend to take the examination and although the IRS has implemented changes to the current year’s exam, you’ll find the questions and answers valuable as a review aid and excellent opportunity for additional practice. While the course is not an Enrolled Agent exam prep course, we did create a grid to cross reference the chapters and topics in the course with those on the EA examination. This grid will help you identify key EA exam topics covered, and any topics not covered, in the course.

Instruction, Examination and Grading Service

A series of examinations – one after each section of the course – monitor your progress. Each examination is carefully reviewed, graded and, if necessary, commented on by an efficient and courteous instructor will also gladly give you any additional help needed or desired.

Graduation Certificate

This handsome, beautifully inscribed professional Tax Consultant Certificate is awarded upon successful completion of all examinations. It will serve as a fitting recognition of your achievements and will – when framed and displayed – truly grace your home or office.

Post-Graduate Services

As a graduate, you are entitled to our Consultation and Advisory Service for one year following the date of your enrollment. You may request at any time, consultation, expert advice and guidance on matters affecting the establishment and operation of your tax practice. Additionally, subject to availability of staff time, technical questions and problems relating to income tax law and procedures may be submitted to us for authoritative answers or referral to sources of additional information.

Fascinating Study

In addition to providing the knowledge and training for solving current tax problems, the Course, wherever needed, includes pertinent background and analysis of key court opinions, to show how basic tax law was established and developed. This logical presentation helps you gain a full understanding and adds “life” and interest to the subject.
You’ll also appreciate the added background material throughout the text that provides you with the reasons behind many provisions of the tax law.

Emphasis on Tax Savings

Sound and timely ways to save income taxes are pointed out throughout the course-wherever applicable. These pointers alert you to the many ways that business and personal transactions can be arranged to get a money-saving tax result. Practical examples show these tax savings ideas in action.
In addition, specially formulated tax planning problems will give you ‘hands on’ practice in devising tax-saving techniques, thus help develop your tax planning expertise.

Permanent Value

Quick finding indexes and tables speed up effective use of the Course for studying and later reference. A handy Table of Contents precedes each Lesson, while a detailed Topical Index provides instant access to any part of the Course. Also included is a glossary of commonly used tax terms and phrases.

Some of the main topics covered in the course:


  • Determination of Tax
  • Gross Income: Inclusions
  • Gross Income: Exclusions
  • Property Transactions: Capital Gains and Losses
  • Deductions and Losses
  • Itemized Deductions
  • Losses and Bad Debts
  • Employee Expenses and Deferred Compensation
  • Depreciation, Cost Recovery, Depletion, Amortization, and Inventory Costs
  • Accounting Periods and Methods
  • Property Transactions: Nontaxable Exchanges
  • Property Transactions: Section 1231 and Recapture
  • Special Tax Computation Methods, Payment of Tax, and Tax Credits


  • Tax Research
  • Corporate Formations and Capital Structure
  • The Corporate Income Tax
  • Corporate Nonliquidating Distributions
  • Other Corporate Tax Levies
  • Corporate Liquidating Distributions
  • Corporate Acquisitions and Reorganizations
  • Partnership Formation and Operation
  • Special Partnership Issues
  • S Corporations
  • The Gift Tax
  • The Estate Tax
  • Income Taxation of Trusts and Estates
  • Administrative Procedures


June 4th, 2015 National Tax School