Tax Fundamentals

The tax fundamentals microcredential provides a working knowledge of accounting fundamentals, tax law, and tax preparation. Students receive training and hands-on preparation experience by preparing individual tax returns and reviewing those returns over two semesters of the Volunteer Income Tax Assistance Internship. The first time the students take the internship, they are certified as Preparers, and the second time they are certified as Preparers/Reviewers.

Competencies gained:

• Demonstrate Knowledge of Tax Law and Accounting Fundamentals: Acquire a foundational understanding of taxlaw and accounting principles essential for accurate tax preparation and compliance.
• Develop Practical Tax Preparation Skills: Gain hands-on experience in preparing individual tax returns throughparticipation in the Volunteer Income Tax Assistance (VITA) internship.
• Achieve Certification as a Preparer and Reviewer: Attain certification as a Tax Preparer during the first internship semester and as a Preparer/Reviewer during the second semester, showcasing advanced competencies in tax return preparation and review.

Take the following course (8 credits):

• ECON 501 – Meadville VITA: Tax Internship

Take one of the following courses (4 credits):

• ECON 285 – Fundamentals of Financial Accounting
• ECON 286 – Fundamentals of Managerial Accounting

Allegheny on CredlySign Up (for Allegheny students)