Self Study Video: 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 Video-
  • Field of Study: -Federal Tax Update-
  • Author/Speaker: Sam Monastra
*Content Preview
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-SV
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 Video-
  • Field of Study: -Federal Tax Law-
  • Author/Speaker: Art Werner
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Available Formats:
Advanced Preparation:None
Experience Level:Overview
Program Prerequisites:General Understanding of Taxation
Course ID:EWTFM-T-01861-22-O | 6233-CE-0575 | WR-354.23-SV
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

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

All New Basis Consistency Regulations and IRS Form 8971

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

Breaking News!! During tax season, IRS planted a couple of nuclear bombs in its newly issued Form 8971 Basis Consistency Regulations:

1. IRS all-new ZERO BASIS rule: If tax matters are mishandled at the estate level, the beneficiarys basis (for income tax purposes) in an inherited asset is zero!!

2. SUBSEQUENT TRANSFER rule: Any later transfer by a beneficiary (of an asset originally subject to Form 8971 reporting) itself must be reported on a newly generated Form 8971. IRS Form 8971, of course, is the controversial brand-new form IRS requires an estate to complete to report the basis of inherited assets to (IRS and) beneficiaries. Penalties for non-compliance can be financially disastrous.

Where is all of this coming from? The Highway Funding Bill (P.L. 114-41) created basis mania with 3 new statutes:

  • New IRC 1014(f) Heirs must use the estate tax value of assets received from an estate as their income tax basis.
  • New IRC 6035 Executors must report the estate tax value of assets to IRS and heirs.
  • IRC 6501 the 6-year statute of limitations (on assessment) expanded to apply where the overstatement of asset basis omits more than 25% of gross income stated on return IRS issued Form 8971 and prop/temp regs in response. Theres a whole lot to it that meets the eye and some unanswered questions to boot.

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

Learning Objectives:

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

  • 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.

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 401ks

  • Credits:  1
  • Format: Interactive Self Study Video-
  • Field of Study: -Federal Tax Law-
  • Author/Speaker: Whitney Nash
*Content Preview
Available Formats:
Advanced Preparation:None
Experience Level:Overview
Program Prerequisites:General Understanding of Self Directed 401(k)s
Course ID:EWTFM-T-01863-22-O | 6233-CE-0577 | WN-201.23-SV
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 401Ks 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 Video-
  • Field of Study: -Federal Tax Update-
  • Author/Speaker: Art Werner

*Content Preview
Available Formats:
Advanced Preparation:None
Experience Level:Overview
Program Prerequisites:General Understanding of Taxes
Course ID:EWTFM-U-01867-22-S | 6233-CE-0581 | WR-364.23-SV
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 the development of many unique business planning tools, this course explores the entrance and exit strategies available to business owners.

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 Video-
  • Field of Study: -Federal Tax Update-
  • Author/Speaker: Shelli Huston
*Content Preview
Available Formats:
Advanced Preparation:None
Experience Level:Overview
Program Prerequisites:General Understanding of Taxation
Course ID:EWTFM-U-01865-22-O | 6233-CE-0579 | SH-210.23-SV
Published Date:Registered for 2023
COURSE DESCRIPTION

What qualifies a child for a 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 Video-
  • Field of Study: -Federal Tax Update-
  • Author/Speaker: MaryJane Hourani
*Content Preview
Available Formats:
Advanced Preparation:None
Experience Level:Overview
Program Prerequisites:General Understanding of Taxation
Course ID:EWTFM-U-01866-22-O | CTEC: 6233-CE-0580 | MJH-423.23-SV
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 Video-
  • Field of Study: -Federal Tax Update-
  • Author/Speaker: Charles Montecino
*Content Preview
Available Formats:
Advanced Preparation:None
Experience Level:Overview
Program Prerequisites:General Understanding of Taxation
Course ID:EWTFM-U-01869-22-O | 6233-CE-0583 | CM-201.23-SV
Published Date:© May 2020
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 Video-
  • Field of Study: -Federal Tax Update-
  • Author/Speaker: MaryJane Hourani
*Content Preview
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-SV
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 as well as The American Rescue Plan Act of 2021. The course hopes to be a practical guide to interpreting the above Acts as well as 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 Video-
  • Field of Study: -Federal Tax Law-
  • Author/Speaker: Art Werner
*Content Preview
Available Formats:
Advanced Preparation:None
Experience Level:Overview
Program Prerequisites:General Understanding of Taxation
Course ID:EWTFM-T-02140-23-S | 6233-CE-0854 | WR-352.23-SV
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

Topics include:
  • Introduction 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 Video-
  • Field of Study: -Federal Tax Law-
  • Author/Speaker: Allison McLeod
*Content Preview
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-SV
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 Video-
  • Field of Study: -Federal Tax Update-
  • Author/Speaker: Mary Jane Hourani
*Content Preview
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-SV
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 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

$9.00 each Add to cart

Information Security Basic Safeguards for Practitioners

  • Credits:  1
  • Format: Interactive Self Study Video-
  • Field of Study: -Federal Tax Law-
  • Author/Speaker: Andrew Clark

*Content Preview
Available Formats:
Advanced Preparation:None
Experience Level:Basic
Program Prerequisites:General Understanding of Security
Course ID:EWTFM-T-02009-22-S | 6233-CE-0738 | AC-964.23-SV
Published Date:Registered for 2023
COURSE DESCRIPTION

All CPAs and Tax Practitioners deal with very sensitive client data. Cybercriminals are highly sophisticated, well-funded, and technologically adept at hacking computers and stealing information. CPAs and tax practitioners are some of their most highly desired targets. Cybercriminals desire the client data of all CPAs and tax practitioners. If these cybercriminals can successfully obtain the client information of CPAs and tax practitioners, they can file fraudulent tax returns for refunds, or commit identity theft. As a result, all CPAs and tax practitioners must protect their clients information by protecting their computers, and networks, and taking some simple safety approaches. This course will define information security, describe the numerous types of threats that exist today and define how to protect your computer systems and networks to keep client data safe.

Learning Objectives:

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

  • Define identity theft and identify how identity theft happens
  • Recognize how CPAs and Tax Professionals are being targeted by cybercriminals
  • Recognize the importance of encrypting client data
  • Identify the importance of creating internal controls and a security plan to protect client data
  • Recognize the actions that must be taken in the event of a breach of sensitive client identity data

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


$19.00 each Add to cart

International Cross-Border Transactions

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

*Content Preview
Available Formats:
Advanced Preparation:None
Experience Level:Basic
Program Prerequisites:General Understanding of International Transactions
Course ID:EWTFM-T-02142-23-O | 6233-CE-0856 | AM-106.23-SV
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 Video-
    • Field of Study: -Federal Tax Law-
    • Author/Speaker: Allison McLeod
    *Content Preview
    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-SV
    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 Video-
    • Field of Study: -Federal Tax Law-
    • Author/Speaker: Mary Jane Hourani
    *Content Preview
    Available Formats:
    Advanced Preparation:None
    Experience Level:Basic
    Program Prerequisites:General Understanding of Taxation
    Course ID:EWTFM-T-01941-22-S | 6233-CE-0704 | MJH-430.23-SV
    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 Video-
    • Field of Study: -Federal Tax Update-
    • Author/Speaker: Charles Montecino
    *Content Preview
    Available Formats:
    Advanced Preparation:None
    Experience Level:Overview
    Program Prerequisites:General Understanding of Taxation
    Course ID:EWTFM-U-01882-22-O | 6233-CE-0597 | CM-200.23-SV
    Published Date:Registered for 2023
    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 working on 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)
    • 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

    Overview of Schedule C

    • Credits:  2
    • Format: Interactive Self Study Video-
    • Field of Study: -Federal Tax Law-
    • Author/Speaker: Allison McLeod
    *Content Preview
    Available Formats:
    Advanced Preparation:None
    Experience Level:Basic
    Program Prerequisites:General Understanding of Taxation
    Course ID:EWTFM-U-01882-22-S | AM-109.23-SV
    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 Video-
    • Field of Study: -Federal Tax Law-
    • Author/Speaker: Art Werner

    *Content Preview
    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-SV
    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 Video-
    • Field of Study: -Federal Tax Law-
    • Author/Speaker: Art Werner | Anthony Rocca
    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-0680 |WR-368.22-SV
    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 Video-
    • Field of Study: -Federal Tax Law-
    • Author/Speaker: Mary Jane Hourani
    *Content Preview
    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-SV
    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 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
    CFP
    $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 Video-
    • Field of Study: -Federal Tax Law-
    • Author/Speaker: Mary Jane Hourani
    *Content Preview
    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-SV
    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 Video
    • Field of Study: Federal Tax Update
    • Author: Arthur Werner

    *Content Preview
    Available Formats:
    Advanced Preparation:None
    Experience Level:Update
    Program Prerequisites:NONE
    Course ID:EWTFM-U-02199-23-S | 6233-CE-0912 | WR-382.23-SV
    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 Video-
      • Field of Study: -Federal Tax Law-
      • Author/Speaker: Andrew Clark
      *Content Preview
      Available Formats:
      Advanced Preparation:None
      Experience Level:Overview
      Program Prerequisites:General Understanding of Taxation
      Course ID:EWTFM-U-01883-22-O | 6233-CE-0606 | AC-966.23-SV
      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 Video-
      • Field of Study: -Federal Tax Law-
      • Author/Speaker: Andrew Clark
      *Content Preview
      Available Formats:
      Advanced Preparation:None
      Experience Level:Overview
      Program Prerequisites:General Understanding of Taxation
      Course ID:EWTFM-U-01885-22-O | 6233-CE-0607 | AC-948.23-SV
      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. 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.

      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 Implications of Cryptocurrency

      • Credits:  2
      • Format: Interactive Self Study Video-
      • Field of Study: -Federal Tax Law-
      • Author/Speaker: Allison McLeod
      *Content Preview
      Available Formats:
      Advanced Preparation:None
      Experience Level:Basic
      Program Prerequisites:Basic Understanding of Accountancy
      Course ID:EWTFM-T-01892-22 | 6233-CE-0608 | AM-104.23-SV
      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 Video-
      • Field of Study: -Federal Tax Update-
      • Author/Speaker: Allison McLeod

      *Content Preview
      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-SV
      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 Video-
      • Field of Study: -Federal Tax Law-
      • Author/Speaker: Allison Mcleod

      *Content Preview
      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-SV
      Published Date:Registered for 2023
      COURSE DESCRIPTION

      This seminar will introduce the process of 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 concerning 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 Video-
      • Field of Study: -Federal Tax Law-
      • Author/Speaker: MaryJane Hourani
      *Content Preview
      Available Formats:
      Advanced Preparation:None
      Experience Level:Overview
      Program Prerequisites:General Understanding of Taxation
      Course ID:EWTFM-T-01897-22-O | 6233-CE-0610 | MJH-420.23-SV
      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.

      This course will discuss the taxation of the Cannabis Industry and provide a general overview of relevant Internal Revenue Code (I.R.C.) sections, Chief Counsel guidance as well as pertinent Court Cases.

      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
      $9.00 each Add to cart

      TCJA Series How State Lines Impact Estate Tax and Financial Planning

      • Credits:  1
      • Format: Interactive Self Study Video-
      • Field of Study: -Federal Tax Update-
      • Author/Speaker: Art Werner
      *Content Preview
      Available Formats:
      Advanced Preparation:None
      Experience Level:Overview
      Program Prerequisites:General Understanding of Taxation
      Course ID:EWTFM-U-01906-22-O | 6233-CE-0612 | WR-335.23-SV
      Published Date:© June 2018
      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.

      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 Video-
      • Field of Study: -Federal Tax Update-
      • Author/Speaker: Art Werner
      *Content Preview
      Available Formats:
      Advanced Preparation:None
      Experience Level:Overview
      Program Prerequisites:General Understanding of Taxation
      Course ID:EWTFM-U-01907-22-O | 6233-CE-0613 | WR-337.23-SV
      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 course, we will discuss these changes and the effect on businesses.

      Topics include:
      • C Corporation Tax changes
      • Pass-Through Entities
      • Non-SSTB Calculations

        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 Video-
        • 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-SV
        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 Video-
        • Field of Study: -Federal Tax Update-
        • Author/Speaker: Art Werner
        *Content Preview
        Available Formats:
        Advanced Preparation:None
        Experience Level:Overview
        Program Prerequisites:General Understanding of Taxation
        Course ID:EWTFM-U-01898-22-O | 6233-CE-0616 | WR-362.23-SV
        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 Video-
        • 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-SV
        Published Date:Aired Date: 9/2022 | Registered for 2023
        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 Video
        • Field of Study: Federal Tax Law
        • Author: Arthur Werner

        *Content Preview
        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-SV
        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 Video-
        • Field of Study: -Federal Tax Law-
        • Author/Speaker: Art Werner
        *Content Preview
        Available Formats:
        Advanced Preparation:None
        Experience Level:Overview
        Program Prerequisites:General Understanding of Taxation
        Course ID:EWTFM-T-01903-22-S | 6233-CE-0617 | WR-366.23-SV
        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 Video-
        • Field of Study:  -Federal Tax Law-
        • Author/Speaker: Mary Jane Hourani
        *Content Preview
        Available Formats:
        Advanced Preparation:None
        Experience Level:Overview
        Program Prerequisites:General Understanding of Taxation
        Course ID:EWTFM-T-01913-22-S | 6233-CE-0681 | MJH-429.23-SV
        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 Video-
        • Field of Study: -Federal Tax Update-
        • Author/Speaker: Shelli Huston
        *Content Preview
        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-SV
        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 Practitioners Guide to Estate Administrations

        • Credits:  2
        • Format: Interactive Self Study Video-
        • 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-SV
        Published Date:November 2022
        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