Self Study Audio: Federal Tax | Tax Planning

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Federal Tax | Tax Planning Courses

$19.00 each Add to cart

Accounting for Income Taxes

  • Credits:  2
  • Format: Interactive Self Study Audio-
  • Field of Study: -Federal Tax Update-
  • Author/Speaker: Sam Monastra
Available Formats:
Advanced Preparation:None
Experience Level:Overview
Program Prerequisites:General Understanding of Taxation
Course ID:EWTFM-U-01860-22-S | 6233-CE-0574 | SM-107.23-SA
Published Date:Registered for 2023
COURSE DESCRIPTION

Corporations must file an income tax return following the guidelines developed by the IRS. Since GAAP and tax regulations differ in several ways, so frequently do pretax financial income and taxable income. Consequently, the amount that a company reports as a tax expense will vary from the amount of taxes payable to the IRS.

This course covers the basic guidelines companies must follow in reporting income taxes and the disclosure requirement associated with deferred taxes, reviewing some of the concepts and items discussed in ASC 740, Income Taxes.

Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
NASBA
IRS
CTEC

$39.00 each Add to cart

Advising the Individual Taxpayer with Complex Tax Affairs

  • Credits:  4
  • Format: Interactive Self Study Audio-
  • Field of Study: -Federal Tax Law-
  • Author/Speaker: Art Werner
Available Formats:
Advanced Preparation:None
Experience Level:Basic
Program Prerequisites:General Understanding of Taxation
Course ID:EWTFM-T-01861-22-S | 6233-CE-0575 | WR-354.23-SA
Published Date:Registered for 2023
COURSE DESCRIPTION

This program has the information and sources of authority you need to understand complex transactions and advise your clients about what works and what does not to assure they pay what they owe, but no more, and preserve wealth for families.

Highlights include:
  • Be prepared to discuss popular tax shelters, explaining why one works and another does not. In addition to COVID 19 compliance, and understanding phase-in, phase-out limitations on high-income individuals, some planning ideas. What are some safe tax shelters often overlooked?
  • Taking advantage of various opportunities for income tax deferral
  • Income splitting
  • Section 1202 Stock
  • Cash gifts to Uniform Gift to Minors accounts
  • Qualifying children for IRA accounts
  • Building cash values in Life Insurance policies
  • GRITS, GRATS, and CRUTS and why they are not popular right now
Learning Objectives:

After reading the course material, you will be able to:

  • Identify various income deferral and wealth sharing techniques for taxpayers with excess cash flow or property likely to appreciate. Overview of Qualified plans, explanation of Section 1202 stock, Qualified Opportunity Zones, income tax credits need for and use of qualified appraisals, reporting wealth transfers, understanding the basics of cash value accumulation in Life Insurance, IRA opportunities, etc.

Who Should Attend:
  • All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
NASBA


$9.00 each Add to cart

All New Basis Consistency Regulations and IRS Form 8971

  • Credits:  1
  • Format: Interactive Self Study Audio-
  • Field of Study: -Federal Tax Law-
  • Author/Speaker: Bradley Burnett
Available Formats:
Advanced Preparation:None
Experience Level:Basic
Program Prerequisites:General Understanding of Taxation
Course ID:EWTFM-T-01862-22-S | 6233-CE-0576 | BB-201.23-SA
Published Date:Registered for 2023
COURSE DESCRIPTION

To enlighten as to how Congress has mandated basis consistency in a broad variety of contexts, including how the 3-year period of limitations for tax assessment is extended to 6 years, as well as the basis of assets inherited by beneficiaries. To explore the timing and detail of the new IRS Form 8971 and the devastating consequences of failure to comply with the vast array of Congress, Treasury, and IRSs new rules.

Topics include:

  • Highway Funding Bill Basis Mania
  • 6501 Extension of 6 Year Statute of Limitations to Basis Overstatements
  • New IRC 1014(f) Basis Consistency Requirement
  • New IRC 6035 Basis Reporting to IRS and Heirs
  • Congress Blocks the Trick Play
  • Treasury Response Proposed and Temp Regs
  • Form 8971
  • Basis Consistency - Penalties for Non-Compliance
  • Zero Basis Rule
  • Later Adjustments to Value
  • Subsequent Transfers
  • Consistent Basis and Form 8971 Future Outlook

Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
NASBA
IRS
CTEC
$9.00 each Add to cart

An Introduction to Self-Directed Solo 401(k)s

  • Credits:  1
  • Format: Interactive Self Study Audio-
  • Field of Study: -Federal Tax Law-
  • Author/Speaker: Whitney Nash
Available Formats:
Advanced Preparation:None
Experience Level:Basic
Program Prerequisites:General Understanding of Self Directed 401(k)s
Course ID:EWTFM-T-01863-22-S | 6233-CE-0577 | WN-201.23-SA
Published Date:Registered for 2023
COURSE DESCRIPTION

This course is designed for tax professionals who have one-person business owners, or 1099 independent contractor, clients. It will provide a detailed introduction to Self-Directed Solo 401(k) retirement plans so that you can: recognize
when a client might benefit from adopting a plan, gain solid background knowledge to answer clients’ most common questions, and learn about important information regarding applicable tax implications and filing requirements.

As your clients’ most trusted advisors, they come to you asking for ways to reduce/defer their income tax liability. Advising your clients on the strategy of implementing a retirement plan, such as a Self-Directed Solo 401(k), maybe
one of the best, cost-effective, and tax-efficient optimization strategies available for them.

Learning Objectives:

After reading the course material, you will be able to:

  • Gain an understanding of the Self-Directed Solo 401(k)’s eligibility requirements, contribution limits, investment options, features, and provisions.
  • Discover tax-planning opportunities that can help your clients have a tax-efficient and compliant savings strategy for today and in retirement.
  • Learn the pitfalls that could result in adverse tax consequences and penalties.
  • Obtain important tax filing information and learn about the reporting requirements for the plan.

Website for Hyperlinking:

www.nashionalsd.com


Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
NASBA
IRS
CTEC
$19.00 each Add to cart

Buying Selling or Gifting a Business Creatively

  • Credits:  2
  • Format: Interactive Self Study Audio-
  • Field of Study: -Federal Tax Update-
  • Author/Speaker: Art Werner
Available Formats:
Advanced Preparation:None
Experience Level:Basic
Program Prerequisites:General Understanding of Taxation
Course ID:EWTFM-U-01867-22-S | 6233-CE-0581 | WR-364.23-SA
Published Date:Registered for 2023
COURSE DESCRIPTION

In addition to traditional issues faced by a business owner regarding the operation of his or her business, business ownership creates complexities in the tax, estate, and financial planning arenas. By focusing on development; This course explores the entrance and exit strategies available to business owners of many unique business planning tools.

Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
NASBA
IRS
CTEC
$19.00 each Add to cart

Children of All Ages Comprehensive Planning Techniques

  • Credits:  2
  • Format: Interactive Self Study Audio-
  • Field of Study: -Federal Tax Update-
  • Author/Speaker: Shelli Huston
Available Formats:
Advanced Preparation:None
Experience Level:Basic
Program Prerequisites:General Understanding of Taxation
Course ID:EWTFM-U-01865-22-S | SH-210.23-SA
Published Date:Registered for 2023
COURSE DESCRIPTION

What qualifies a child for the tax credit, education credit, earned income credit? This being a fairly easy question, isn't always easy to answer. Just because they live with you doesn't mean they qualify. Now we have to look at many factors such as age, school, are the parents married or divorced, who is supporting them, are they claiming themselves, emancipated. During this course, we will look at what qualifies a child under the new TCJA and how it will impact your tax return.

Topics include:

  • Who are the children of today?
  • Form 8332
  • Definition of a Qualified Child
  • Support Test
  • Credits
  • Kiddie Tax
  • Gift Tax
  • Working Children
  • Retirement for a Child
  • Health Insurance

Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
NASBA
IRS
CTEC
$19.00 each Add to cart

COVID-Related Tax Relief Act of 2021

  • Credits:  2
  • Format: Interactive Self Study Audio-
  • Field of Study: -Federal Tax Update-
  • Author/Speaker: Mary Jane Hourani
Available Formats:
Advanced Preparation:None
Experience Level:Basic
Program Prerequisites:General Understanding of Taxation
Course ID:EWTFM-U-01866-22-S | 6233-CE-0580 | MJH-423.23-SA
Published Date:Registered for 2023
COURSE DESCRIPTION

This course will discuss the new tax provisions related to Economic Disaster Relief, Paycheck Protection Programs, and Forgiveness as well as the Employee Retention Credit.

Topics include:
  • Loans and Grants
  • PPP Loan Forgiveness
  • Taxation of Loans and Grants
  • Expense Restrictions of PPP Loans Forgiveness
  • Casualty Loss Update

Learning Objectives:

After reading the course material, you will be able to:

  • Review the funding options provided under the CARES Act
  • Differentiate between the loans and grants
  • Discuss the loan forgiveness process
  • Determine the taxation of loans and grants
  • Understand the restrictions on expenses of the loans and the impact on Partner/Shareholder Basis
  • Discuss changes to Employee Retention Credit under the COVID-related Tax Relief Act of 2020
  • Review changes in Casualty Loss Rules

Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
NASBA
IRS
CTEC
$9.00 each Add to cart

Currently Not Collectible

  • Credits:  1
  • Format: Interactive Self Study Audio-
  • Field of Study: -Federal Tax Update-
  • Author/Speaker: Charles Montecino
Available Formats:
Advanced Preparation:None
Experience Level:Basic
Program Prerequisites:General Understanding of Taxation
Course ID:EWTFM-U-01869-22-S | 6233-CE-0583 | CM-201.23-SA
Published Date:Registered for 2023
COURSE DESCRIPTION

There are times when a taxpayer agrees they owe the IRS, but they simply cannot pay the balance due to their current financial situation. If the IRS agrees the taxpayer cannot pay their back taxes and their reasonable living expenses, they may place the account in Currently Not Collectible status. In this course, were going to learn what currently not collectible (CNC) means, who is eligible, and what the process is to get this status.

Topics include:

  • Who is Eligible
  • What is the Process
  • Documents to Submit
  • Completed Sample Forms
  • What Happens Next

Learning Objectives:

After reading the course material, you will be able to:

  • Determine Eligibility.
  • Identify forms required for submission.
  • Familiarize yourself with the different forms used in filing.
  • Provide sound advice to your clients and set expectations.

Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
NASBA
IRS
CTEC
$19.00 each Add to cart

Employee Retention Credit (ERC)

  • Credits:  2
  • Format: Interactive Self Study Audio-
  • Field of Study: -Federal Tax Update-
  • Author/Speaker: MaryJane Hourani
Available Formats:
Advanced Preparation:None
Experience Level:Overview
Program Prerequisites:General Understanding of Taxation
Course ID:EWTFM-U-01870-22-S | 6233-CE-0584 | MJH-427.23-SA
Published Date:Registered for 2023
COURSE DESCRIPTION

The seminar will discuss the Employee Retention Credit. It will focus on provisions set forth by The CARES Act of 2020, The Taxpayer Certainty and Disaster Relief Act 2020, The COVID-Related Tax Relieve Act of 2020, and The American Rescue Plan Act of 2021. The course hopes to be a practical guide to interpreting the above Acts and guidance in IRS Notice 2021-20 and IRS Notice 2021-23.

Learning Objectives:

After reading the course material, you will be able to:

  • Identify who is a Qualified Employer.
  • Identify who are Qualified Employees.
  • Discuss the qualifying factors of the Employee Retention Credit.
  • Analyze the different parameters of each Act.
  • Describe the procedures for claiming the Employee Retention Credit.
  • Describe how to amend payroll tax returns to claim the Employee Retention Credit.

Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
NASBA
IRS
CTEC
$39.00 each Add to cart

Form 1041 Everything You Never Wanted to Know

  • Credits:  4
  • Format: Interactive Self Study Audio-
  • Field of Study: -Federal Tax Law-
  • Author/Speaker: Art Werner
Available Formats:
Advanced Preparation:None
Experience Level:Basic
Program Prerequisites:General Understanding of Taxation
Course ID:EWTFM-T-02140-23-S | 6233-CE-0854 | WR-352.23-SA
Published Date:Registered for 2023
COURSE DESCRIPTION

Certain entities are created for planning purposes. These entities are separate and apart from individuals or businesses. This course deals with both the planning issues for client needs (estate, financial, and asset protection) as well as the basics of fiduciary income tax compliance.

Chapters include:
  • Introduction and Definitions
  • The Basics of Compliance
  • Subchapter J of the internal revenue code
  • Compliance
  • Advanced Issues
Learning Objectives:

After reading the course material, you will be able to:

  • Define Estate for state purposes
  • Define Estate for Federal Purposes
  • Define Probate
  • Define Executor
  • Define Trusts
  • State when to file form 1040
  • State the tax considerations in trusts
  • Identify the 1041 Tax rate schedule
  • Identify the benefits of an 645 Election
  • State the charitable issues
  • Determine the Mechanical calculation of DNI

Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
NASBA
IRS
CTEC
$19.00 each Add to cart

Fundamentals of Income Taxation

  • Credits:  2
  • Format: Interactive Self Study Audio-
  • Field of Study: -Federal Tax Law-
  • Author/Speaker: Allison McLeod
Available Formats:
Advanced Preparation:None
Experience Level:Overview
Program Prerequisites:General Understanding of Taxation
Course ID:EWTFM-T-02105-23-S | 6233-CE-0819 | AM-108.23-SA
Published Date:Registered for 2023
COURSE DESCRIPTION

Please join us for an introductory course on the fundamentals of preparing and filing an individual federal income tax return. We will cover topics such as what the federal income tax is and how it is computed. This course is ideal for CPAs, CFPs, EAs, and other tax preparers.

Learning Objectives:

After reading the course material, you will be able to:

  • Identify how the federal income tax differs from other types of federal taxes.
  • Determine the steps in computing a taxpayer's federal income tax liability.
  • Differentiate tax consequences for terms commonly used for the federal income tax, such as "adjusted gross income," qualifying child,tax credits,filing status, and kiddie tax.
  • Recognize how an individual's standard deduction is determined.
  • Explain differences in the tax for ordinary income, capital gains, and qualified dividend income.
  • Discuss the difference between the cash and accrual method, and the correct period in which taxpayers must recognize income and/or deductions.
  • Identify deadlines for filing income tax returns and estimated taxes and how to obtain an extension of time for filing a return.

Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
NASBA
IRS
CTEC

$49.00 each Add to cart

Individual Tax (The Basics)

  • Credits:  5
  • Format: Interactive Self Study Audio-
  • Field of Study: -Federal Tax Update-
  • Author/Speaker: Mary Jane Hourani
Available Formats:
Advanced Preparation:None
Experience Level:Overview
Program Prerequisites:General Understanding Taxes
Course ID:EWTFM-U-02141-23-S | 6233-CE-0855 | MJH-425.23-SA
Published Date:Registered for 2023

COURSE DESCRIPTION

This course is designed for practitioners in their first through fifth years of practice. This course provides a critical discussion of tax preparation with a theoretical and practical study of Form 1040 and certain accompanying schedules.

Some topics are discussed more in-depth to clarify issues related to those selected topics. This course will also familiarize practitioners with Ethical dilemmas, with careful consideration of EITC Due Diligence.

Learning Objectives:

After reading the course material, you will be able to:

  • Determine Preparer Rules and Responsibilities
  • Be familiar with tax-specific terminology.
  • Establish a taxpayers filing requirements and status.
  • Determine who is eligible to be claimed as a dependent.
  • Recognize and report different types of income and adjustments to income.
  • Understand legislation passed in response to the COVID-19 Pandemic affecting taxpayers.
  • Compare itemized deductions and the standard deduction.
  • Describe several nonrefundable and refundable income tax credits.
  • Determine documents required for EITC Due Diligence.
  • Understand Confidentiality, Privacy, and Disclosure Policies.

Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
NASBA
IRS
CTEC

$19.00 each Add to cart

International Cross-Border Transactions

  • Credits:  2
  • Format: Interactive Self Study Audio-
  • Field of Study: -Federal Tax Law
  • Author/Speaker: Allison McLeod
Available Formats:
Advanced Preparation:None
Experience Level:Basic
Program Prerequisites:General Understanding of International Transactions
Course ID:EWTFM-T-02142-23-S | 6233-CE-0856 | AM-106.23-SA
Published Date:Registered for 2023
COURSE DESCRIPTION

Please join us for an introductory course in international cross-border transactions. We will discuss typical situations in which a cross-border transaction arises, and how a taxpayer can utilize the rules to potentially decrease an entity's effective tax rate. Other issues, such as documentation and IRS audit risk will also be covered. These rules will be illustrated by a hypothetical US-Canada transaction.

Learning Objectives:

After reading the course material, you will be able to:

  • Identify a cross-border transaction and be able to discuss potential implications.
  • Determine potential audit risks involved with cross-border transactions.
  • Explain the role of a competent authority, advanced pricing agreements, and other alternative methods in reducing audit risk.
  • Understand the types of contemporaneous documentation needed.
  • Apply these principles to decrease an entitys effective tax rate.

Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
NASBA
IRS
CTEC
$19.00 each Add to cart

International Tax Treaties

  • Credits:  2
  • Format: Interactive Self Study Audio-
  • Field of Study: -Federal Tax Law-
  • Author/Speaker: Allison McLeod
Available Formats:
Advanced Preparation:None
Experience Level:Basic
Program Prerequisites:General Understanding of International Tax
Course ID:EWTFM-T-02147-23-S | 6233-CE-0860 | AM-105.23-SA
Published Date:Registered for 2023
COURSE DESCRIPTION

This course presents an overview of tax treaties and how they are used in structuring transactions and determining the tax impact of cross-border transactions. It discusses the ordering rules for local laws versus treaty laws, and the purpose of the tax treaties in avoiding and eliminating double taxation to promote trade and investment. The participant will learn about planning opportunities to contemplate when structuring foreign operations.

This course is suitable for Corporate tax and finance executives, directors, managers and staff, CPAs, CAs Enrolled Agents, accountants, attorneys, and business/financial advisors who work with and advise businesses that have cross-border operations and issues. All in-house and public practice professionals involved with international tax compliance and planning will benefit from this timely and insightful seminar.

Learning Objectives:

After reading the course material, you will be able to:

  • Be able to discuss common treaty provisions in the US Model Treaty.
  • Understand typical reduced withholding rates on dividends, interest, and royalties.
  • Describe the purpose of income tax treaties in the tax regimes of countries.
  • Acquire a better understanding of the international tax environment.
  • Recognize qualifications for a permanent establishment
  • Describe the rules by which a taxpayer must disclose a tax position to the IRS for claiming treaty benefits that conflict with the IRC.
  • Ascertain mutual agreement procedures between the taxing authorities of two treaty countries in cases of double taxation.
  • Recognize when a company/citizen would need to file Form W8-BEN with the IRS to claim treaty benefits for US tax withholding.

Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
NASBA
IRS
CTEC
$19.00 each Add to cart

Navigating the New Schedules K-2 and K-3

  • Credits:  2
  • Format: Interactive Self Study Audio-
  • Field of Study: -Federal Tax Law-
  • Author/Speaker: Mary Jane Hourani
Available Formats:
Advanced Preparation:None
Experience Level:Basic | Intermediate
Program Prerequisites:General Understanding of Taxation
Course ID:EWTFM-T-01941-22-S | 6233-CE-0704 | MJH-430.A-22
Published Date:Registered for 2023
COURSE DESCRIPTION

This course introduces the new Schedule K-2 and Schedule K-3 that may be required for Partnerships and S Corporation returns. The IRS has provided conflicting guidance regarding the preparation and requirements of this form, this course hopes to clarify the filing requirements with updated guidance. Additionally, this course will discuss all eleven (11) parts of the form.

Learning Objectives:

After reading the course material, you will be able to:

  • Outline Schedule K-2 for Partnerships and S Corporations
  • Describe the filing requirements and penalty relief
  • Explain the recent guidance provided by the IRS
  • Highlight changes to Schedule K-2 and Schedule K-3

Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
NASBA
IRS
CTEC
$19.00 each Add to cart

Offer in Compromise Settle Tax Debts for Less Than What Is Owed

  • Credits:  2
  • Format: Interactive Self Study Audio-
  • Field of Study: -Federal Tax Update-
  • Author/Speaker: Charles Montecino
Course ID:Advanced Preparation:Experience Level:
EWTFM-U-01882-22-S | 6233-CE-0597NoneOverview
Published Date:Program Prerequisites:Other Course Formats:
Registered for 2023Basic Understanding of TaxationSelf Study Video-- | OnDemand Webinar | Live Webinar
COURSE DESCRIPTION

The Offer in Compromise program is available to taxpayers that have a tax debt so large that they could never pay it. In many cases, they go off the grid. They take jobs that pay in cash, work as subcontractors, and dont have a bank account. By not workingon the books the IRS cant garnish their paycheck or levy their self-employed income. If they have a regular job they leave and find another one as soon as the IRS garnishes their paycheck.

By not having a bank account the IRS cant levy their bank accounts. In many instances, they also have no assets in their name that could have a Federal Tax Lien filed against it. Through this program, they can come clean and settle their tax debts, reestablish their credit, and get the trauma out of their life.

Topics include:
  • Effective Tax Administration
  • Doubt as to Liability
  • Doubt as to Collectability

Learning Objectives:

After reading the course material, you will be able to:

  • Identify the three types of offers.
  • Determine which offer best serves your client.
  • Familiarize yourself with the different forms used in filing.

Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Tax Return Preparers (TRPs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorship’s:
NASBA
IRS
CTEC
$19.00 each Add to cart

Overview of Schedule C

  • Credits:  2
  • Format: Interactive Self Study Audio-
  • Field of Study: -Federal Tax Law-
  • Author/Speaker: Allison McLeod
Available Formats:
Advanced Preparation:None
Experience Level:Basic
Program Prerequisites:General Understanding of Taxes
Course ID:EWTFM-U-01882-22-S | 6233-CE-0598 | AM-109.23-SA
Published Date:Registered for 2023
COURSE DESCRIPTION

Many self-employed or sole proprietors find themselves having to navigate Schedule C in reporting business income. While this attachment to Form 1040 seems straightforward on the surface, there are many traps for the unwary. This course
is ideal for CPAs, EAs, or other tax professionals.

INCLUDES UPDATES FROM THE TCTDR ACT (PASSED 12/27/2020)

Learning Objectives:

After reading the course material, you will be able to:

  • Identify the appropriate taxpayers who should be filing Schedule C.
  • Discuss the difference between the cash and accrual method, and the correct period in which taxpayers must recognize income and/or deductions.
  • Develop a working knowledge of related issues, such as reporting the deduction of self-employed health insurance, employment taxes, home office deductions, and proper reporting of employee/independent contractor salaries and retirement
    contributions.
  • Discuss types of typical deductions, such as advertising, utilities, supplies, etc.
  • Determine the methods of deducting the cost of a company car.
  • Be able to apply the rules, such as Section 179 or bonus depreciation, which permit the immediate expensing of some or all of the cost of certain assets.


Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
NASBA
IRS
CTEC
$19.00 each Add to cart

Post Mortem Estate Planning Primer

  • Credits:  2
  • Format: Interactive Self Study Audio-
  • Field of Study: -Federal Tax Law-
  • Author/Speaker: Art Werner

Available Formats:
Advanced Preparation:None
Experience Level:Overview
Program Prerequisites:General Understanding of Taxation
Course ID:EWTFM-T-01868-22-S | 6233-CE-0582 | WR-365.23-SA
Published Date:Registered for 2023
COURSE DESCRIPTION

People die every year, but 2020 saw a lot of unexpected death. COVID-19 was devastating to several families, how prepared were you? How prepared were your clients? At the time of loss, things can become very chaotic for the spouse, the family, and the finances. Planning at this point is too late, other than funeral arrangements. Your clients will be less focused during times of loss and grieving and may want to push things off for later.

This is where you can provide that stability to your clients and remove the confusion. Having a plan for the inevitable is good business, and can generate business for you. This course will cover the planning process that every CPA should be discussing with their clients now. Not Later.

Learning Objectives:

After reading the course material, you will be able to:

  • Identify Post Mortem Opportunities on the Final Form 1040
  • Identify Post Mortem Opportunities on the Estate Income Tax Returns Form 1041
  • Define Executor responsibility
  • Prepare Post Mortem Estate Tax Elections Form 706
  • Understand the reasoning for using Alternate Evaluation Dates
  • Define the requirements for Qualified Terminable Interest Property (QTIP)
  • Define the requirements for Qualified Domestic Trust (QDOT) Election
  • Identify the rules for Resident Alien Spouses
  • Define Special Use Valuation [IRC 2032(A)]
  • State the purpose and use of Portability Election [IRC 2010(c)]

Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
NASBA
IRS
CTEC
$19.00 each Add to cart

Qualified Plans, IRAs, and Related Issues

  • Credits:  2
  • Format: Interactive Self Study Audio-
  • Field of Study: -Federal Tax Law-
  • Author/Speaker: Art Werner | Anthony Rocca
*Content Preview
Available Formats:
Advanced Preparation:None
Experience Level:Overview
Program Prerequisites:Basic Understanding of Taxation, Financial Planning, and Estate Planning
Course ID:EWTFM-T-01908-22-S | 6233-CE-0614 | WR-368.22-SA
Published Date:© July 2021
COURSE DESCRIPTION

It appears that there will be a multitude of tax law changes in 2021. Practitioners need to be aware of any potential changes so that they may advise their clients accordingly. Now is the time to contemplate potential changes as well
as develop strategies so that your client can successfully deal with these potential changes in the law. This course provides the practitioner with ideas to help a client “roll with the punches”!

Topics include:
  • Income shifting strategies
  • Installment sale strategies
  • Proper use of an ESBT
  • Proper use of a QSST
  • Strategy changes using a Charitable Remainder Trust
  • Strategy changes using a Charitable Lead Trust
  • Strategy changes using a Family Limited Partnership
  • Qualified Small Business Trust issues
  • Portability issues
  • GST issues
  • Strategy changes using a GRAT
  • Strategy changes using an Intentionally Defective Grantor Trust (IDGT)
  • Strategy changes using a Domestic Asset Protection Trust

Learning Objectives:

After reading the course material, you will be able to:

  • At the end of this course, the student will be able to both understand potential tax law changes and be able to assist a client in creating successful strategies to deal with such potential changes

Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
NASBA
IRS
CTEC

$19.00 each Add to cart

Reasonable Compensation

  • Credits:  2
  • Format: Interactive Self Study Audio-
  • Field of Study: -Federal Tax Law-
  • Author/Speaker: Mary Jane Hourani
Available Formats:
Advanced Preparation:None
Experience Level:Overview
Program Prerequisites:General Understanding Taxes
Course ID:EWTFM-T-01888-22-S | 6233-CE-0601 | MJH-426.23-SA
Published Date:Registered for 2023

COURSE DESCRIPTION

This seminar will focus on attributes of Officer Reasonable Compensation requirements in S & C Corporations. Focusing on court cases as an authority in determining what reasonable compensation should be, who is required to receive it, as well as other facts and circumstances to advise taxpayers accordingly. This seminar will also look at strategies practitioners may use when representing taxpayers before the Internal Revenue Service to defend the Officer's Reasonable Compensation amount taken in any given year.

Course Objectives:

After reading the course material, you will be able to:

  • Define what Reasonable Compensation is and who is required to receive it.
  • Associate Accountable Plan requirements to Reasonable Compensation.
  • Understand the criteria set forth by the courts.
  • Review methods used by the IRS when auditing Reasonable Compensation.
  • Analyze approaches used in defending the amount of Reasonable Compensation.

Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
NASBA
IRS
CTEC

$19.00 each Add to cart

Schedule K-1 What is it and what do I do with it?

  • Credits:  2
  • Format: Interactive Self Study Audio-
  • Field of Study: -Federal Tax Law-
  • Author/Speaker: Mary Jane Hourani
Available Formats:
Advanced Preparation:None
Experience Level:Overview
Program Prerequisites:General Understanding of Taxation
Course ID:EWTFM-T-01889-22-S | 6233-CE-0604 | MJH-428.23-SA
Published Date:Registered for 2023
COURSE DESCRIPTION

This Video- will focus on Schedule K-1 that a taxpayer may receive from a pass-through entity, Partnership, Subchapter S Corporation, or an Estate/Trust. It will detail the most common characteristics of Schedule K-1 and how to report them on the Individual Income Tax Form 1040. QBI, Qualified Business Income Deduction, will be covered along with the reporting criteria. Discussion of relevant basis and loss limitations will also be addressed in this seminar as well.

Learning Objectives:

After reading the course material, you will be able to:

  • Define what a Schedule K-1 is.
  • Distinguish the differences between Schedule K-1 received from different entities.
  • Outline the application of Basis Limitation, Loss Limitations, and Material Participation.
  • Compare and Examine several case studies.
  • Review the integration with the QBI (Qualified Business Income Deduction).
  • Highlight proposed 2021 changes to Schedule K-2 and Schedule K-3.

Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
NASBA
IRS
CTEC
$29.00 each Add to cart

Secure Act 2.0 Everything That You Need To Know

  • Credits: 3
  • Format: Interactive Self-Study Audio
  • Field of Study: Federal Tax Update
  • Author: Arthur Werner

Available Formats:
Advanced Preparation:None
Experience Level:Update
Program Prerequisites:NONE
Course ID:EWTFM-U-02199-23-S | 6233-CE-0912 | WR-382.23-SA
Published Date:Aired Date: 1/2023 | Registered for 2023
COURSE DESCRIPTION

Congress was EXTREMELY busy in late December 2022! During this lame-duck session, Congress was able to pass SECURE 2.0, which is essentially the original SECURE Act that was passed in late 2019. There are over 50 tax-related
provisions within SECURE 2.0 that an advisor needs to be able to master. This course will provide the participant with everything that they need to know about SECURE 2.0 so that they will be able to better serve their clients’
retirement planning needs.

Topics include:
  • Mandatory Automatic Enrollment
  • Credit For Small Employer Pension Plan Startup Costs
  • Enhancement Of The Saver’s Credit
  • Increase In Starting Age For RMDs
  • Indexing IRA Catch-Up
  • Higher Catch-Up Limit Age 61, 62, 63, And 64
  • Student Loan Payments As Elective Deferrals For Matching Contributions
  • Start-Up Credit Costs For Employers Joining An Existing Plan
  • Financial Incentives For Contributing To a Plan
  • Withdrawals For Certain Emergency Expenses
  • SIMPLE Plan changes
  • Starter 401(K) Plans
  • Sec 529 Plan To Roth Rollovers
  • Emergency Savings Accounts
  • Enhancement of 403(B) Plans
  • Qualified Charitable Distributions to Split Interest Entity
  • Retirement Savings Lost and Found
  • And more!

Objective:

To provide the participant with everything that they need to know about SECURE 2.0 so that they will be able to better serve their clients’ retirement planning needs.

    Who Should Attend:
    • All Certified Public Accountants (CPAs)
    • Enrolled Agents (EAs)
    • Other Tax Return Preparer (OTRP)

    Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
    NASBA
    IRS
    CTEC
    $29.00 each Add to cart

    Tax Cuts and Jobs Act Business Tax Reform

    • Credits:  3
    • Format: Interactive Self Study Audio-
    • Field of Study: -Federal Tax Law-
    • Author/Speaker: Andrew Clark
    Available Formats:
    Advanced Preparation:None
    Experience Level:Basic
    Program Prerequisites:General Understanding of Taxation
    Course ID:EWTFM-U-01883-22-S | 6233-CE-0606 | AC-948.23-SA
    Published Date:Registered for 2023
    COURSE DESCRIPTION

    The Tax Cuts and Jobs Act dramatically changed the U.S. Tax Code starting in the 2018 tax year.

    Topics include:
    • This course will provide a review of the Business Tax Reforms section of the Tax Cuts and Jobs Act bill (H.R.1).
    • This course will provide a summary description of all provisions referenced in this section of the Tax Cuts and Jobs Act and will identify the provisions that were changed in the Business Tax Reforms section.

    Learning Objectives:

    After reading the course material, you will be able to:

    • Review the Business Tax Reform provisions and identify the provisions that have been changed, and the provisions that were not changed, with the implementation of the Tax Cuts and Jobs Act.
    • Identify the new modified corporate tax rates for tax years beginning December 31, 2017.
    • Recognize the new charitable contribution rules that apply to corporations.
    • Identify the effective date for all provisions in the Business Tax Reform section of the Tax Cuts and Jobs Act.

    Who Should Attend:
    • All Certified Public Accountants (CPAs)
    • Enrolled Agents (EAs)
    • Other Tax Return Preparer (OTRP)

    Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
    NASBA
    IRS
    CTEC
    $29.00 each Add to cart

    Tax Cuts and Jobs Act Individual Tax Reform

    • Credits:  3
    • Format: Interactive Self Study Audio-
    • Field of Study: -Federal Tax Law-
    • Author/Speaker: Andrew Clark
    Available Formats:
    Advanced Preparation:None
    Experience Level:Basic
    Program Prerequisites:General Understanding of Taxation
    Course ID:EWTFM-U-01885-22-S | 6233-CE-0607 | AC-966.23-SA
    Published Date:Registered for 2023
    COURSE DESCRIPTION

    The Tax Cuts and Jobs Act dramatically changed the U.S. Tax Code starting in the 2018 tax year.

    Topics include:
    • This course will provide a review of the Business Tax Reforms section of the Tax Cuts and Jobs Act bill (H.R.1).
    • This course will provide a summary description of all provisions referenced in this section of the Tax Cuts and Jobs Act and will identify the provisions that were changed in the Business Tax Reforms section.

    Learning Objectives:

    After reading the course material, you will be able to:

    • Review the Business Tax Reform provisions and identify the provisions that have been changed, and the provisions that were not changed, with the implementation of the Tax Cuts and Jobs Act.
    • Identify the new modified corporate tax rates for tax years beginning December 31, 2017.
    • Recognize the new charitable contribution rules that apply to corporations.
    • Identify the effective date for all provisions in the Business Tax Reform section of the Tax Cuts and Jobs Act.

    Who Should Attend:
    • All Certified Public Accountants (CPAs)
    • Enrolled Agents (EAs)
    • Other Tax Return Preparer (OTRP)

    Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
    NASBA
    IRS
    CTEC
    $29.00 each Add to cart

    Tax Implications of Cryptocurrency

    • Credits:  2
    • Format: Interactive Self Study Audio-
    • Field of Study: -Federal Tax Law-
    • Author/Speaker: Allison McLeod
    Available Formats:
    Advanced Preparation:None
    Experience Level:Basic
    Program Prerequisites:Basic Understanding of Taxation
    Course ID:EWTFM-T-01892-22-S | 6233-CE-0608 | AM-104.23-SA
    Published Date:Registered for 2023
    COURSE DESCRIPTION

    This course presents an overview of blockchain and the tax implication of cryptocurrency transactions. The IRS has provided some recent guidance, but potentially conflicting pronouncements by other regulatory agencies have created uncertainty on reporting issues. This course will help the practitioner understand when a taxable transaction has occurred, what reports to file to satisfy IRS requirements, and identify tax traps for the unwary.

    Topics include:
    • Blockchain basics
    • Classification of cryptocurrency
    • IRS Notice 2014-12
    • Tax implications of airdrops, mining, hard forks, margin trading, purchasing of goods or services with cryptocurrency
    • Gift tax rules for donating, gifting, or bequeathing cryptocurrency
    • Traps for the unwary

    Learning Objectives:

    After reading the course material, you will be able to:

    • Discuss what constitutes blockchain and the various types of cryptocurrency it supports.
    • Determine whether a cryptocurrency transaction creates a taxable event.
    • Be able to identify the IRS forms needed to report cryptocurrency transactions.
    • Develop a working knowledge of possible reports due to other regulatory agencies.
    • Discuss the traps that cryptocurrency traders can encounter which could unexpectedly increase the traders tax liability.
    • Become knowledgeable of current enforcement actions employed by the IRS.
    Who Should Attend:
    • All Certified Public Accountants (CPAs)
    • Enrolled Agents (EAs)
    • Other Tax Return Preparer (OTRP)

    Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
    NASBA
    IRS
    CTEC

    $19.00 each Add to cart

    Tax Planning Using Like-Kind Exchange Transactions Under Sec.1031

    • Credits:  2
    • Format: Interactive Self Study Audio-
    • Field of Study: -Federal Tax Update-
    • Author/Speaker: Allison McLeod

    Available Formats:
    Advanced Preparation:None
    Experience Level:Basic
    Program Prerequisites:General Understanding of Taxes
    Course ID:EWTFM-U-02007-22-S | 6233-CE-0736 | AM-122.23-SA
    Published Date:Registered for 2023
    COURSE DESCRIPTION

    Please join us for a discussion on like-kind exchanges (LKE), known as one of the last great tax legal shelters available to those buying and selling real property. We will be covering the basic structure of an LKE, and ways a taxpayer can utilize qualified third-party intermediaries (QI), and tenancy-in-common structures including Delaware Statutory Trusts (DST). We will also explore creative solutions to sticky situations a taxpayer may find itself in obtaining replacement property. This course is ideal for CPAs, EAs, lawyers, real estate professionals, accountants, or other tax professionals.

    Learning Objectives:

    After reading the course material, you will be able to:

    • Determine whether an LKE can be used to defer taxes upon the sale of real property.
    • Know when it is appropriate to use a QI in effecting an LKE.
    • Define a DST and how it can be used in obtaining replacement property on a timely basis.
    • Become knowledgeable about ways to appropriately use the LKE structure in unusual situations.

    Who Should Attend:
    • All Certified Public Accountants (CPAs)
    • Enrolled Agents (EAs)
    • Tax Return Preparers (TRPs)

    Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
    NASBA
    IRS
    CTEC
    $19.00 each Add to cart

    Tax Procedure

    • Credits:  2
    • Format: Interactive Self Study Audio-
    • Field of Study: -Federal Tax Law-
    • Author/Speaker: Allison Mcleod

    Available Formats:
    Advanced Preparation:None
    Experience Level:Overview
    Program Prerequisites:General Understanding of Taxes
    Course ID:EWTFM-T-01894-22-S | 6233-CE-0609 | AM-115.23-SA
    Published Date:Registered for 2023
    COURSE DESCRIPTION

    This seminar will introduce the process from filing a tax return to the IRS audit, IRS Appeals, Collections, and litigation at courts of original jurisdiction. We will discuss the options taxpayers have at any point in the process with reference to real-life stories from the trenches. This course is ideal for CPAs, EAs, or other tax professionals.

    Learning Objectives:

    After reading the course material, you will be able to:

    • Describe the audit process from the initial filing of the return to collections.
    • Determine the options available to taxpayers at each stage of the audit process.
    • Ascertain risk factors to consider in determining the best course of action for the client.
    • Apply the soft skills needed when interfacing with the IRS audit team to achieve the best possible result.

    Who Should Attend:
    • All Certified Public Accountants (CPAs)
    • Enrolled Agents (EAs)
    • Other Tax Return Preparer (OTRP)

    Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
    NASBA
    IRS
    CTEC
    $19.00 each Add to cart

    Taxation of the Cannabis Industry

    • Credits:  2
    • Format: Interactive Self Study Audio-
    • Field of Study: -Federal Tax Law-
    • Author/Speaker: Mary Jane Hourani
    Available Formats:
    Advanced Preparation:None
    Experience Level:Basic
    Program Prerequisites:General Understanding of Taxation
    Course ID:EWTFM-T-01897-22-S | 6233-CE-0610 | MJH-420.23-SA
    Published Date:Registered for 2023
    COURSE DESCRIPTION

    This course will discuss the taxation of Medical and Recreational Marijuana as well as Industrial Hemp. We will look at the limitations imposed by I.R.C. 280E and navigate through the Cost of Goods, cost allocations, and inventory. Also discussed will be relevant Federal Case Law and some new legislative efforts affecting the industry.

    Topics include:
    • Historical view of U.S. Taxation
    • Distinguish between Industrial Hemp and Marijuana
    • Review Income as defined by the I.R.C.
    • Apply restrictions and limitations of 280E
    • Examine the state marijuana laws
    • Discuss the challenges of cash-intensive business
    • Analyze Federal Court Cases

    Who Should Attend:
    • All Certified Public Accountants (CPAs)
    • Enrolled Agents (EAs)
    • Other Tax Return Preparer (OTRP)

    Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
    NASBA
    IRS
    CTEC
    $19.00 each Add to cart

    TCJA Series How State Lines Impact Estate, Tax, and Financial Planning

    • Credits:  1
    • Format: Interactive Self Study Audio-
    • Field of Study: -Federal Tax Update-
    • Author/Speaker: Art Werner
    Available Formats:
    Advanced Preparation:None
    Experience Level:Basic
    Program Prerequisites:General Understanding of Taxation
    Course ID:EWTFM-U-01906-22-S | 6233-CE-0612 | WR-335.23-SA 
    Published Date:Registered for 2023
    COURSE DESCRIPTION

    The TCJA of 2017 has impacted how we plan and execute our Estate, Tax, and Financial Planning to include how the state looks at it. During this course we will review different aspects of our planning to include:

    Topics include:
    • Gift Tax
    • Inheritance Tax
    • Estate Tax
    • Generation-Skipping Transfer Tax
    • Conflicts between states
    • Last Will and Testament
    Who Should Attend:
    • All Certified Public Accountants (CPAs)
    • Enrolled Agents (EAs)
    • Other Tax Return Preparer (OTRP)

    Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
    NASBA
    IRS
    CTEC
    $9.00 each Add to cart

    TCJA Series Understanding the New Pass Through Entity Rules

    • Credits:  1
    • Format: Interactive Self Study Audio-
    • Field of Study: -Federal Tax Update-
    • Author/Speaker: Art Werner
    Available Formats:
    Advanced Preparation:None
    Experience Level:Basic
    Program Prerequisites:General Understanding of Taxation
    Course ID:EWTFM-U-01907-22-S | 6233-CE-0613 |WR-337.23-SA
    Published Date:Registered for 2023
    COURSE DESCRIPTION

    The Tax Cuts and Jobs Act of 2017 contain significant legislation regarding business taxation, unlike the individual income tax changes made by the Act, these changes are permanent.

    During this audio course, we will discuss these changes and the effect on businesses.

    Who Should Attend:
    • All Certified Public Accountants (CPAs)
    • Enrolled Agents (EAs)
    • Other Tax Return Preparer (OTRP)

    Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
    NASBA
    IRS
    CTEC
    $19.00 each Add to cart

    The ABCs of Advisory Services

    • Credits:  2
    • Format: Interactive Self Study Audio-
    • Field of Study: -Federal Tax Law-
    • Author/Speaker: Art Werner

    *Content Preview
    Available Formats: 
     
     
     
    Advanced Preparation:None
    Experience Level:Overview
    Program Prerequisites:General Understanding 
    Course ID:EWTFM-T-01899-22-S | 6233-CE-0615 | WR-373.22-SA
    Published Date:© November 2021
    COURSE DESCRIPTION

    Over the next decade, the area of “Advisory Services” has the greatest potential for growth in your practice.  Complexities within your clients’ financial, estate, and asset protection plans coupled with the ever-changing Internal
    Revenue Code have created an opportunity for the CPA, the EA, and other advisors to expand their client offerings. This course provides the practitioner with the framework for practice expansion as well as an understanding of a
    variety of necessary issues and techniques.

    Topics include:
    • Understanding the concept of “Integrated Planning” (financial, estate, asset protection, and tax planning)
    • Changes in the landscape of a tax practitioner’s practice
    • The bridging of services
    • Getting started – Where do your clients fail?
    • Understanding the primary planning issues for all clients
    • Estate and Gift issues
    • Traps, pitfalls, and tips for planning
    • Practical steps in establishing a tax advisory and wealth management services practice
    • Domicile issues

    Learning Objectives:

    After reading the course material, you will be able to:

    • To provide an understanding of issues and techniques in all areas of planning that will allow the practitioner to expand their tax advisory and wealth management services practice

    Who Should Attend:
    • All Certified Public Accountants (CPAs)
    • Enrolled Agents (EAs)
    • Other Tax Return Preparer (OTRP)

    Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
    NASBA
    IRS
    CTEC
    $19.00 each Add to cart

    The American Rescue Plan Act of 2021

    • Credits:  2
    • Format: Interactive Self Study Audio-
    • Field of Study: -Federal Tax Update-
    • Author/Speaker: Art Werner
    Available Formats:
    Advanced Preparation:None
    Experience Level:Overview
    Program Prerequisites:General Understanding of Taxation
    Course ID:EWTFM-U-01898-22-S | 6233-CE-0616 | WR-362.23-SA
    Published Date:Registered for 2023
    COURSE DESCRIPTION

    On March 11, 2021, President Joe Biden signed into law, a $1.9 trillion COVID-19 relief package. How will this bill affect your clients? This course will cover this legislation from both a tax perspective as well as a stimulus perspective.

    Topics include:
    • An understanding of the tax law changes made by the American Rescue Plan Act of 2021.
    • An understanding of the stimulus and relief issues made by the American Rescue Plan Act of 2021.

    Who Should Attend:
    • All Certified Public Accountants (CPAs)
    • Enrolled Agents (EAs)
    • Other Tax Return Preparer (OTRP)

    Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
    NASBA
    IRS
    CTEC
    $39.00 each Add to cart

    The Complete Guide to New York Death Taxation

    • Credits: 4
    • Format: Interactive Self-Study Audio-
    • Field of Study: Federal Tax Law
    • Author: Art Werner
    *Content Preview
    Available Formats:
    Advanced Preparation:None
    Experience Level:Basic
    Program Prerequisites:General Understanding of Taxation
    Course ID:EWTFM-T-02164-23-S | 6233-CE-0877 | WR-379.23-SA
    Published Date:September 2022

    COURSE DESCRIPTION

    Tax compliance issues at death are sometimes confusing to practitioners because many lack experience in this area. This course provides you with a practical understanding of the issues involved in preparing the New York Estate Tax Return.

    Objective:
    • To learn how to properly prepare the New York Estate Tax Return

    Learning Objectives:

    After reading the course material, you will be able to:

    • New York death taxation – The law
    • How to prepare the New York Estate Tax Return
    • Various postmortem estate planning issues involved in the preparation of the New York Estate Tax Return
    • Coordination with the Federal Estate Tax Return (Form 706)
    • Coordination with estate administration issues
    • Probate issues
    • Non-probate issues
    • Valuation issues
    • Joint tenancy issues

    Who Should Attend:
    • All Certified Public Accountants (CPAs)
    • Enrolled Agents (EAs)
    • Other Tax Return Preparer (OTRP)

    Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
    NASBA
    IRS
    CTEC
    $39.00 each Add to cart

    The Complete Guide to Oregon and Washington Death Taxation

    • Credits: 4
    • Format: Interactive Self-Study Audio
    • Field of Study: Federal Tax Law
    • Author: Arthur Werner

    Available Formats:
    Advanced Preparation:None
    Experience Level:Basic
    Program Prerequisites:General Understanding of Taxation
    Course ID:EWTFM-T-02165-23-S | 6233-CE-0878 | WR-380.23-SA
    Published Date:Aired Date: 9/2022 | Registered for 2023
    COURSE DESCRIPTION

    Tax compliance issues at death sometimes confuse practitioners because many lack experience in this area. This course provides a practical understanding of the issues in preparing Washington and Oregon Estate Tax returns.

    Topics include:
    • Vermont death taxation – The law
    • How to prepare the Washington and Oregon Estate Tax Return
    • Various postmortem estate planning issues involved in the preparation of the Washington and Oregon Tax Return
    • Coordination with the Federal Estate Tax Return (Form 706)
    • Coordination with estate administration issues
    • Probate issues
    • Non-probate issues
    • Valuation issues
    • Joint tenancy issues

    Learning Objectives:

    After reading the course material, you will be able to:

    • Prepare the Washington Estate Tax Return.
    • Prepare the Oregon Estate Tax Return.
    • Identify unique differences in the Oregon and Washington Estate Tax Returns.
    • Complete form 706.
    • Identify probate Issues.
    • Identify Non-Probate Issues.
    • List the Valuation Issues.

    Who Should Attend:
    • All Certified Public Accountants (CPAs)
    • Enrolled Agents (EAs)
    • Other Tax Return Preparer (OTRP)

    Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
    NASBA
    IRS
    CTEC
    $19.00 each Add to cart

    The Essentials of Fringe Benefits Planning

    • Credits:  2
    • Format: Interactive Self Study Audio-
    • Field of Study: -Federal Tax Law-
    • Author/Speaker: Art Werner
    Available Formats:
    Advanced Preparation:None
    Experience Level:Overview
    Program Prerequisites:General Understanding Taxes
    Course ID:EWTFM-T-01903-22-S | 6233-CE-0617 | WR-366.23-SA
    Published Date:Registered for 2023

    COURSE DESCRIPTION

    Due to changes in both the economy and the Internal Revenue Code, fringe benefit planning has become one of the most important areas of planning for your clients business and personal needs. There are a variety of tools and techniques to meet a clients fringe benefit planning objectives.

    This course looks at those various tools and techniques and provides the practitioner with a basic understanding of how to use each one. This course also features a review of some complex areas of employee benefit planning, including ERISA reporting and disclosure requirements.

    Who Should Attend:
    • All Certified Public Accountants (CPAs)
    • Enrolled Agents (EAs)
    • Other Tax Return Preparer (OTRP)

    Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
    NASBA
    IRS
    CTEC
    $19.00 each Add to cart

    The New Form 7203 and How to calculate Shareholder Basis

    • Credits: 2
    • Format: Interactive Self-Study Audio-
    • Field of Study: Federal Tax Law
    • Author: Mary Jane Hourani
    Available Formats:
    Advanced Preparation:None
    Experience Level:Overview
    Program Prerequisites:General Understanding of Taxation
    Course ID:EWTFM-T-02125-23-S | 6233-CE-0838 | MJH-499.23-SA
    Published Date:Registered for 2023

    COURSE DESCRIPTION

    Beginning with the tax year 2021, Form 7203 - S Corporation Shareholder Stock and Debt Basis Limitation, may be required to be filed with each shareholder's Individual Income Tax Return, Form 1040. This new form reports the shareholder's outside basis as well as debt basis so as to apply any loss limitations under I.R.C. 461 as well as at-risk limitations properly. This course will look at the mechanics of preparing the new Form 7203. Also discussed will be strategies of how to reconstruct shareholder basis when it has not been done in the past.

    Learning Objectives:

    After reading the course material, you will be able to:

    • Introduce Form 7203
    • Learn how to complete Form 7203
    • Discuss strategies to reconstruct Shareholder Basis
    • Review loss limitations of 461
    • Review at-risk rules and limitations

    Who Should Attend:
    • All Certified Public Accountants (CPAs)
    • Enrolled Agents (EAs)
    • Other Tax Return Preparer (OTRP)

    Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
    NASBA
    IRS
    CTEC
    $9.00 each Add to cart

    The Nuts and Bolts of IRC Section 1031 Exchanges

    • Credits:  1
    • Format: Interactive Self Study Audio-
    • Field of Study: -Federal Tax Update-
    • Author/Speaker: Shelli Huston
    Available Formats:
    Advanced Preparation:None
    Experience Level:Overview
    Program Prerequisites:General Understanding of Taxation
    Course ID:EWTFM-U-02138-23-S | 6233-CE-0852 | SH-208.23-SA
    Published Date:Registered for 2023
    COURSE DESCRIPTION

    This course will break down the Section 1031 Exchange for the Internal Revenue code.

    Who Should Attend:
    • All Certified Public Accountants (CPAs)
    • Enrolled Agents (EAs)
    • Other Tax Return Preparer (OTRP)

    Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
    NASBA
    IRS
    CTEC
    $19.00 each Add to cart

    The Tax Aspects of Cryptocurrency

    • Credits:  2
    • Format: Interactive Self Study Audio-
    • Field of Study: -Federal Tax Law-
    • Author/Speaker: Art Werner
    Available Formats:
    Advanced Preparation:None
    Experience Level:Overview
    Program Prerequisites:General Understanding of Taxation
    Course ID:EWTFM-T-01909-22-S | 6233-CE-0618 | WR-372.23-SA
    Published Date:Registered for 2023

    COURSE DESCRIPTION

    Cryptocurrency can be a very confusing issue for a client in both compliance and planning. This course will assist the practitioner in understanding the tax aspects of cryptocurrency from a Federal compliance standpoint.

    Topics include:
    • Introduction to cryptocurrency
    • Understanding the termblockchain
    • Various types of cryptocurrency
    • Why cryptocurrency is popular
    • Investment attributes of cryptocurrency
    • Tax aspects of cryptocurrency
    • Position of the Internal Revenue Service
    • Understanding Notice 2014-21 (IRS Virtual Currency Guidance)
    • Understanding Notice 2014-21 FAQs
    • Compliance issues
    • Charitable issues
    • Internal Revenue Service enforcement

    Learning Objectives:

    After reading the course material, you will be able to:

    • To provide tax practitioners with an understanding of the tax aspects of cryptocurrency from a Federal compliance standpoint.

    Who Should Attend:
    • All Certified Public Accountants (CPAs)
    • Enrolled Agents (EAs)
    • Other Tax Return Preparer (OTRP)

    Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
    NASBA
    IRS
    CTEC

    $19.00 each Add to cart

    The Tax Practitioners Guide to Estate Administrations

    • Credits:  2
    • Format: Interactive Self Study Audio-
    • Field of Study: -Federal Tax Law-
    • Author/Speaker: Art Werner
    *Content Preview
    Available Formats:
    Advanced Preparation:None
    Experience Level:Overview
    Program Prerequisites:Basic Understanding of Taxation
    Course ID:EWTFM-T-01900-22-S | 6233-CE-0680 | WR-367.22-SA
    Published Date: Oct 2021
    Course Description:

    The legal process of administering and distributing property (both real and personal) of a Decedent's Estate. For State purposes, it is a legal entity established at the instance of death to protect and to preserve all probate assets
    until the probate assets can be distributed to the individuals or entities having a beneficial interest therein For Federal purposes, it is the total of all assets owned or controlled by a decedent valued at their highest and best
    use (IRC "2031") Internal Revenue Code (Gross Estate) IRC "2033" includes in the gross estate all probate assets IRC "2034 " 2044 includes in the gross estate all non-probate assets "2034" Dower and courtesy rights "2035" Transfers
    in contemplation of death (3-year rule) "2036" Gratuitous transfers with a retained right to income or control of beneficial enjoyment "2037" Gratuitous transfers conditioned on surviving the decedent "2038" Gratuitous transfers
    with retained right to revoke "2039" - Annuities "2040" Jointly held property with the right of survivorship Between spouses Between non-spouses "2041" General Powers of Appointment "2042" Life Insurance the death benefit in which
    the decedent is insured and possesses an incidence of ownership "2044" Assets in a trust with respect to which a QTIP election was made by the estate of a prior spouse.

    Who Should Attend:
    • All Certified Public Accountants (CPAs)
    • Enrolled Agents (EAs)
    • Tax Return Preparers (TRPs)

    Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
    NASBA
    IRS
    CTEC
    $9.00 each Add to cart

    Travel and Entertainment Best Practices to Ensure Compliance with IRS Regulations

    • Credits:  1
    • Format: Interactive Self Study Audio-
    • Field of Study: -Federal Tax Law-
    • Author/Speaker: Mary Schaeffer
    Available Formats:
    Advanced Preparation:None
    Experience Level:Overview
    Program Prerequisites:General Understanding of Taxation
    Course ID:EWTFM-T-01880-22-S | 6233-CE-0619 | MS-115.23-SA
    Published Date:Registered for 2023
    COURSE DESCRIPTION

    Complying with IRS Regs regarding expense reimbursements just got a whole lot harder. Organizations everywhere are eyeing the bottom line and insisting on rigid travel and entertainment policy compliance. The IRS is taking an equally harsh stance tightening the rules. Compliance must now be not only with the company policies but also with IRS rules. Otherwise, you could end up answering not only the CFO but also the IRS and that can be truly ugly.

    Who Should Attend:
    • All Certified Public Accountants (CPAs)
    • Enrolled Agents (EAs)
    • Other Tax Return Preparer (OTRP)

    Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
    NASBA
    IRS
    CTEC
    $19.00 each Add to cart

    Understanding IRAs and Qualified Retirement Plans After the Secure Act

    • Credits:  2
    • Format: Interactive Self Study Audio-
    • Field of Study: -Federal Tax Law-
    • Author/Speaker: Art Werner
    Available Formats:
    Advanced Preparation:None
    Experience Level:Basic
    Program Prerequisites:General Understanding of IRA's
    Course ID:EWTFM-T-01910-22-S | 6233-CE-0620 | WR-355.23-SA
    Published Date:Registered for 2023
    COURSE DESCRIPTION

    This is not a class on what is an IRA. As a CPA, Enrolled Agent, Attorney, or tax preparer you already know what an IRA is. Most of you think of an IRA as an Individual Retirement Account, I want you to think of it as an Individual Retirement Arrangement. So what's the difference? You can have multiple IRA accounts in multiple locations, banks, and brokerage houses. You can have it set up as a traditional, non-deductible, or even as a Roth IRA all of which is completely acceptable. But when we look at contributions as an example it's not a contribution to a specific account it's the total contribution to the arrangement. So, why would I do all of these IRAs when I can set up a qualified plan that allows me greater contributions. Qualified plans include full-time employees and after the security act, the calculations for determining full-time employees have changed. Join us as we travel across the traps and pitfalls to success in determining which one is the best for your unique situation.

    Learning Objectives:

    After reading the course material, you will be able to:

    • State the difference between an IRA and a qualified Plan.
    • Identify how much I can put into an IRA
    • Identify the pitfalls of early withdrawals.
    • Identify the traps of Roth Conversion.
    Who Should Attend:
    • All Certified Public Accountants (CPAs)
    • Enrolled Agents (EAs)
    • Other Tax Return Preparer (OTRP)

    Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
    NASBA
    IRS
    CTEC
    $19.00 each Add to cart

    Understanding the Entities Planning and Compliance

    • Credits:  2
    • Format: Interactive Self Study Audio-
    • Field of Study: -Federal Tax Update-
    • Author/Speaker: Art Werner
    Available Formats:
    Advanced Preparation:None
    Experience Level:Basic
    Program Prerequisites:General Understanding of Taxation
    Course ID:EWTFM-U-01904-22-S | 6233-CE-0621 | WR-346.23-SA
    Published Date:Registered for 2023
    COURSE DESCRIPTION

    This course deals with both the planning issues for client needs (estate, financial, and asset protection) as well as the basics of fiduciary income tax compliance.

    Who Should Attend:
    • All Certified Public Accountants (CPAs)
    • Enrolled Agents (EAs)
    • Other Tax Return Preparer (OTRP)

    Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
    NASBA
    IRS
    CTEC
    $19.00 each Add to cart

    Understanding Trusts Leveling the Playing Field

    • Credits:  2
    • Format: Interactive Self Study Audio-
    • Field of Study: -Federal Tax Update-
    • Author/Speaker: Anthony Rocca
    Available Formats:
    Advanced Preparation:None
    Experience Level:Overview
    Program Prerequisites:General Understanding of Taxation
    Course ID:EWTFM-U-01912-22-S | 6233-CE-0623 | WR-103.23-SA
    Published Date:Registered for 2023
    COURSE DESCRIPTION

    Many practitioners would like to develop an estate planning practice. The problem that many of these individuals face when taking an estate planning CPE course is that they cannot find a course that explains the basics of the topic in a manner that can be applied to practice development and practical ideas. By the end of the course, the playing field will begin to be leveled between those individuals who practice in this area and those who desire to do so.

    Who Should Attend:
    • All Certified Public Accountants (CPAs)
    • Enrolled Agents (EAs)
    • Other Tax Return Preparer (OTRP)

    Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
    NASBA
    IRS
    CTEC