TRP Exam – 2024 Preparation

Income Tax Management
" Online Certificate Course "
Registration Last Date: 4 June, 2024
Venue: Online Live Zoom Meeting

What does a tax preparer do?

Most tax preparers prepare, file, or assist with general tax forms. Beyond these basic services, a tax preparer can also defend a taxpayer with the IRS. This includes audits and tax court issues. However, the extent of what a tax preparer can do is based on their credentials and whether they have representation rights.

In a way, tax preparers are asked to serve two masters – their clients and the IRS. They must assist their clients in complying with the state and federal tax codes, while simultaneously minimizing the client’s tax burden. While they are hired to serve their client, they must also diligently remember their obligation to the IRS and not break any laws or help others file a fraudulent return.

What do you need to become a tax preparer?

Becoming a tax preparer is a straightforward process involving a few basic requirements.

These include:

Know-how. For most new tax preparers, learning the ins and outs of the business means acquiring an entirely new professional language. In some cases, this know-how comes in the form of certification. But finding a platform that can boost know-how and assist you with knowledge gaps is critical to success.

Technology. As is the case with most professions, having access to the right technology will help you work efficiently and contributes to the general success of your new business.

Clients. This might seem obvious, but you need to succeed and become profitable. Many preparers start on a small scale – doing individual returns – before moving on to bigger and more complicated matters.

Contents of Training:

Overview of Individual Assessee related Issues

Lists of TRP Exam Preparation Materials and References

Purpose of introducing TRP concept

Discussion on ITRP Rules 2023

Discussion on ITR Rules 2023

Discussion on ITR Applicable for Individual (IT GHA 2023 (One Page for Natural Person)/IT 11 GA 2023 (Main form of Return)/IT 11 CHHA 2023 (Acknowledgment Slip)

Full fledge discussion on TRP guideline issues by NBR

TRP Exam Circular – Core Points

Related Abbreviations

Steps in Assessment Cycle

Calculation of Total Income, Tax credit, Adjustment of AIT-TDS-Last Year’s Balance, Gross Tax, and Net Tax Payable

Account Codes for deposits of Tax

Discussion on “SALE”

Suitability of Return according to Income and Wealth

Surcharge and its’ Effect

6th Schedule

Minimum Tax, Final Tax, Advance Tax, Environment Surcharge, Car Tax, in brief

7 heads of income practical problem and solution

Who are TRP, their Eligibility-Responsibility-Remuneration

ITP v TRP

Facilitating Entity for TRP

Effect of residential status on tax

Individual taxation rates

Concept of Income, Income Tax, Heads of Income, Total Income, Clubbing, Income from Firm and AoP, Tax Day, Residential Status and its’ impact on tax

Consequences for failing to file ITR within Tax Day

Price:

4,000.00৳ 

Course Details
Date
5th June to 19th June, 2024
Time
Night (8:30 PM to 10:30 PM)
Classes / Sessions
5
Class Schedule
Monday & Wednesday (Every week)
Total Hours
10
Anyone interested to join TRP Exam.
Virtual Training.
Muhammed Omar Faruk, M. Com, ITP, VC, LLB, FCGA, FFA, FIPA, FCA, CS (Final)
Income Tax & VAT Consultant

Muhammed Omar Faruk, is a Chartered Accountant, a Fellow Member of the Institute of Chartered Accountants of Bangladesh (ICAB) since 2000.

Mr. Omar Faruk with him an array of experience which ranges from as Corporate Executive to Trainer. During his long professional life of more than 20 years, experienced in the relevant field with Reputed Organizations, like - ACME, Square, N-poly and Walton. Currently serving as CFO in a large group of company in Bangladesh. He has been shouldering a lot of responsibilities in the areas of Direct & indirect taxes, VAT, Strategic planning, Accounting, Risk Management, Finance and Corporate & Legal Affairs. He started is carrier with early 2001 with SEARS Electronics Ltd.as a Dy. Manager and came across this position by serving multiples roles and responsibilities.

He is an enlisted Trainer of Institute of Professional Development Programs (IPDP Training). Author of few Tax Related Books. He is available for academic and career advice. Helping young graduates find their career path and make their mark, in the current world of diverse career and educational paths.

What does a tax preparer do?

Most tax preparers prepare, file, or assist with general tax forms. Beyond these basic services, a tax preparer can also defend a taxpayer with the IRS. This includes audits and tax court issues. However, the extent of what a tax preparer can do is based on their credentials and whether they have representation rights.

In a way, tax preparers are asked to serve two masters – their clients and the IRS. They must assist their clients in complying with the state and federal tax codes, while simultaneously minimizing the client’s tax burden. While they are hired to serve their client, they must also diligently remember their obligation to the IRS and not break any laws or help others file a fraudulent return.

What do you need to become a tax preparer?

Becoming a tax preparer is a straightforward process involving a few basic requirements.

These include:

Know-how. For most new tax preparers, learning the ins and outs of the business means acquiring an entirely new professional language. In some cases, this know-how comes in the form of certification. But finding a platform that can boost know-how and assist you with knowledge gaps is critical to success.

Technology. As is the case with most professions, having access to the right technology will help you work efficiently and contributes to the general success of your new business.

Clients. This might seem obvious, but you need to succeed and become profitable. Many preparers start on a small scale – doing individual returns – before moving on to bigger and more complicated matters.

Contents of Training:

Overview of Individual Assessee related Issues

Lists of TRP Exam Preparation Materials and References

Purpose of introducing TRP concept

Discussion on ITRP Rules 2023

Discussion on ITR Rules 2023

Discussion on ITR Applicable for Individual (IT GHA 2023 (One Page for Natural Person)/IT 11 GA 2023 (Main form of Return)/IT 11 CHHA 2023 (Acknowledgment Slip)

Full fledge discussion on TRP guideline issues by NBR

TRP Exam Circular – Core Points

Related Abbreviations

Steps in Assessment Cycle

Calculation of Total Income, Tax credit, Adjustment of AIT-TDS-Last Year’s Balance, Gross Tax, and Net Tax Payable

Account Codes for deposits of Tax

Discussion on “SALE”

Suitability of Return according to Income and Wealth

Surcharge and its’ Effect

6th Schedule

Minimum Tax, Final Tax, Advance Tax, Environment Surcharge, Car Tax, in brief

7 heads of income practical problem and solution

Who are TRP, their Eligibility-Responsibility-Remuneration

ITP v TRP

Facilitating Entity for TRP

Effect of residential status on tax

Individual taxation rates

Concept of Income, Income Tax, Heads of Income, Total Income, Clubbing, Income from Firm and AoP, Tax Day, Residential Status and its’ impact on tax

Consequences for failing to file ITR within Tax Day