Taxation

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Express Courses
Express Courses
Ultimate Tax
Ultimate Tax


 Title  Credit  Format  Price  View
+    Deductions - Education Tax Benefits 2 Online $29.99 View

Today taxpayers must plan for their children's education. Touching on various topics such as qualified tuition programs (QTPs), scholarships and fellowships, this mini-course examines the tax treatment of costs related to education. Practitioners will learn the ins and outs of the tax benefits concerning education and will be able to identify those educational expenses that are deductible. Additionally, financial planning strategies and techniques are outlined to better prepare taxpayers for future educational costs.

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
Any CPA looking to maintain or enhance their professional competence

Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

2

Online $29.99 View

Everyone needs to do estate planning. It is more than just planning for death. Estate planning is designing a program for effective wealth building, preservation, and disposition of property at the minimum possible tax cost. This exceptional mini-course surveys wills, living trusts, gifts, marital property, and probate avoidance. Designed to eliminate estate problems and death taxes, the emphasis is on practical solutions that are cost effective. The text reviews and explains both federal gift and estate tax systems giving practice pointers and planning observations.

Learning Assignment & Objectives

As a result of studying the assigned materials, you should be able to meet the objectives listed below.

ASSIGNMENT

At the start of the materials, participants should identify the following topics for study:

  • Build, preserve & distribute
  • Legal documents
  • Estate planning team
  • Estate administration
  • Estate planning techniques & devices
  • Trusts

Learning Objectives

After reading the materials, participants will be able to:

dentify the key participants and their roles in a coordinated estate plan and explain probate process including trust administration;

Compare and contrast specialized estate planning tools emphasizing the use of trusts and demonstrating how such tools save death taxes and transfer wealth while accentuating asset control;

Summarize recommended trust provisions and requirements pointing out how these terms and rules impact estate and trust taxation.

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
Any CPA looking to maintain or enhance their professional competence

Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

+    E-Fast-track Retirement Planning 3 Online $29.99 View

We are all (including tax practitioners) getting older, and the need for effective retirement planning has never been greater. This mini-course is essential for participants who wish to attain a comfortable retirement for themselves and their clients by maximizing tax saving strategies. Retirement income needs are analyzed; Social Security benefits are determined; and distribution options from IRAs and retirement plans are explored.

Learning Assignment & Objectives

As a result of studying the assigned materials, you should be able to meet the objectives listed below.

ASSIGNMENT

At the start of the materials, participants should identify the following topics for study:

  • Popular retirement myths
  • Defining retirement & determining retirement income needs
  • Savings
  • Assets
  • Social Security
  • Retirement plans
  • Distributions from retirement plans
  • Nonqualified deferred compensation
  • Life insurance
  • Estate planning

Learning Objectives

After reading the materials, participants will be able to:

  1. Summarize the basic guidelines of retirement planning, including the ten misconceptions of retirement, and define retirement based on three key questions.
  2. Determine retirement costs and income needs of clients based on their current budget, apply tax savings strategies, and exercise six basic guidelines when purchasing assets to attain financial independence.
  3. Explain what workers need to qualify for Social Security retirement benefits and for Social Security disability benefits, calculate clients’ retirement benefits, and distinguish Medicare Part A from Medicare Part B.
  4. Classify basic types of qualified corporate plans, and describe other sources of retirement income such as SIMPLE plans and individual retirement accounts.
  5. Illustrate the difference between annuity payments and lump-sum distributions, outline key components of rollovers, premature distributions and required distributions, and explain nonqualified deferred compensation. 
  6. Cite the benefits, uses and types of life insurance, and incorporate into practice three basic estate planning tools.

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
Any CPA looking to maintain or enhance their professional competence

Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

+    U-Corporate Tax Planning 21 Online $179.00 View

This course examines and explains the practical aspects of using the closely held corporation to maximize after-tax return on business operations. Recent developments giving corporations a competitive edge over other entities are explored and detailed. Practitioners are alerted to often missed fringe benefits, retirement planning opportunities, corporate business deductions, income splitting possibilities and little known estate planning techniques. The program covers step-by-step tax procedures to form, operate, and ultimately dispose of a closely held corporation. Distinctions between S and C corporations will be unraveled and guidelines for client direction given.

Course Level: Overview. This program is appropriate for professionals at all organizational levels.  
Field of Study: Taxes 
Prerequisite: General understanding of federal income taxation. 
Advanced Preparation: None

Passing Percentage: 70%
 

Please Click Here For Course Objectives

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
Any CPA looking to maintain or enhance their professional competence

Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

+    1040 Workshop Updated 29 Online $179.00 View

Course description and objectives: Designed to make the practitioner comforta-ble with “high traffic” issues, this program enables participants to discuss and handle individual tax essentials. The course examines and explains the practical aspects of return preparation and individual planning, bridging the gap between theory and application. Significant new developments are summarized with em-phasis on tax savings ideas. Practical applications and illustrations are used to systematically explore tax deferral, reduction, and elimination opportunities ac-companying return preparation. For example, the analysis of gross income is dis-cussed together with income splitting techniques; property transactions are ex-amined alongside like-kind exchanges and involuntary conversions. The result is an extraordinary blend of the latest developments affecting individual returns and their related planning ideas.

Completion Deadline & Exam: This course, including the examination, must be completed within one year of the date of purchase. In addition, unless otherwise indicated, no correct or incorrect feedback for any exam question will be provid-ed.

Course Level: Overview. This program is appropriate for professionals at all or-ganizational levels.

Field of Study: Taxes

Prerequisite: General understanding of federal income taxation.

Advanced Preparation: None

Passing Percentage: 70%

Click Here For Courses Objectives

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
Any CPA looking to maintain or enhance their professional competence

Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

+    YJ2ER- E-Asset Protection 18 Online $29.99 View

2 Credits

he current litigation explosion has created tremendous interest in asset protection. Not only does this area have financial and estate aspects but it directly impacts tax planning.

This mini-course is designed to survey opportunities for asset protection that can arise during tax planning and to determine how to properly report such transactions.

 

Learning Assignment & Objectives

As a result of studying the assigned materials, you should be able to meet the objectives listed below.

ASSIGNMENT

  • At the start of the materials, participants should identify the following topics for study:
  • Basic protection concepts & fraudulent transfers
  • Insurance
  • Individual titles and sole proprietorship
  • Corporations
  • Trusts
  • Co-tenancies
  • Partnerships
  • Limited liability companies
  • Marital property & separate property
  • Premarital & post-nuptial agreements

Learning Objectives

After reading the materials, participants will be able to:

  1. Clear up misconceptions about and state the main reasons for asset protection, warn clients about fraudulent transfers and structure asset protection planning transfers so that they are not fraudulent, help your client with setting goals associated with undertaking asset protection measures, and explain how life insurance can be used as an asset protection vehicle.
  2. Advise your clients on how the various types of entities relate to asset protection and how the various types of joint ownership of property and various trusts directly impacts asset protection and tax liability.
  3. Distinguish between the concepts of common law property, community property, and equitable and which states base distribution laws on those concepts, apply asset division principles, and demonstrate a working knowledge of premarital and post-nuptial agreements and how they can be used to advise clients on individual asset protection.

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
Any CPA looking to maintain or enhance their professional competence

Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

+    Easy Update & Inflation Adjustments 3 Online $39.99 View

This mini-course examines key individual, business, retirement, and estate tax provisions recently enacted or indexed for inflation in an overview format that is easy to reference. The emphasis is on quick access to major tax changes having special meaning to the tax practitioner and return preparer. The course is a great resource and way for professionals and staff alike to easily get the “big chunks” and bring their professional knowledge up to speed.

Learning Assignment & Objectives

As a result of studying the assigned materials, you should be able to meet the objectives listed below.

ASSIGNMENT

At the start of the materials, participants should identify the following topics for study:

  • Tax brackets
  • Tax credits
  • Deductions
  • Education credits
  • Energy credits
  • Retirement plan contribution and phaseout limits
  • Gift and estate taxes

Learning Objectives

After reading the materials, participants will be able to:

  1. Discuss the various issues related to individual income taxes by listing the income tax rates for the various tax brackets, quoting the AMT phaseout limits and contribution limits to HSAs, and explaining the how the various individual income tax credits work, including education and energy credits.
  2. Identify and discuss the key business tax issues, including bonus depreciation, expensing, the NOL carryback period, standard mileage rates, work opportunity credit, and recent changes affecting S corporations.
  3. Differentiate between the various retirement plans, including contribution limits and phaseout limits, and review estate taxes by citing trust income tax rates and explaining how to calculate interest on estate tax installments.
    After studying the materials, answer the exam questions 1 to 15.

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
Any CPA looking to maintain or enhance their professional competence

Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

+    Tax Cuts and Jobs Act of 2017 4 Online $39.99 View

Tax Cuts & Jobs Act ("TCJA") Summary

 

The Tax Cuts & Jobs Act ("TCJA") was approved by Congress December 20, 2017, and signed by President Trump on December 22, 2017. The Act impacts virtually every individual and business in a way not seen in over 30 years. With most provisions effective 2018, it lowers the individual and corporate tax rates, repeals numerous tax credits and deductions, enhances the child tax credit, boosts business expensing, and impacts the Affordable Care Act (ACA) by effectively repealing the individual mandate

 

This course is an overview providing reference to selected individual, education, business, retirement, insurance, international and estate tax provisions enacted or indexed for inflation by the TCJA. The resulting major tax changes carry special meaning to the tax practitioner and return preparer. The course is intended to be a resource for tax professionals and staff alike to gain easy access to the most important major changes enacted by TCJA.

 

Completion Deadline & Exam: This course, including the examination, must be completed within one year of the date of purchase. In addition, unless otherwise indicated, no correct or incorrect feedback for any exam question will be provided.

 

Course Level: Overview. This program is appropriate for professionals at all organizational levels.

 

Field of Study: Taxes

 

Prerequisite: General understanding of federal income taxation.

 

 

Advanced Preparation: None

+    1040 Workshop Module 1 Individual Tax Benefits 9 Online $69.00 View

1040 Module 1 – Individual Tax Benefits

 

We have taken our large 1040 Workshop and broken it down into 4 seperate courses for your convenience. Please note this learning module is a section of the 1040 Workshop.  You can only receive credit for each individual learning module or the 1040 Workshop in its entirety. You may not double the credits as they are the same course. 

 

Learning Objectives

After reading Chapter 1, participants will be able to:

1. Identify federal revenue tax sources noting the definitive role of gross income and, determine a client’s tax liability using current rates, tables, and statutory amounts, and their withholding and/or  estimated tax responsibility.

2. Specify the various filing statuses and their filing requirements noting the advantages and disadvantages of each.

3. Determine what constitutes gross income under §61 noting the tax treatment of compensation, fringe benefits, rental income, Social Security benefits, alimony, prizes and awards, identify dividend and distribution types and their tax differences, and specify how debt discharge can result in taxable income.

4. Identify the mechanics of income exclusions such as education-related exclusions, gift and inheritance exclusions, insurance, personal injury awards, interest on state and local obligations, and the foreign earned income exclusion.

5. Recognize income tax deductions and their use to reduce tax liability by:

a. Identifying personal, spousal and dependency exemptions and reporting requirements including pre-2005 dependency rules;

b. Specifying the deductibility of §163 interest categories, §162 educational expenses, §217 moving expenses, §165 casualty & theft losses, and §164 taxes noting their proper reporting and substantiation;

c. Determining variables that impact the deductibility of charitable contributions, and identifying qualified organizations, permissible contributions contribution limitations, their tax treatment, and substantiation requirements;

d. Identifying the deductibility of medical care expenses including medical insurance, meals and lodging, transportation, home improvements and lifetime care payments noting the impact of Medicare;

e. Specifying deductions that are subject to the 2% of AGI limitation, deductions not subject to the 2% limit, and nondeductible expenses.

 

6. Determine distinctions among several types of tax credits identifying the eligibility requirements and noting the cited changes created by recent tax legislation to individual tax returns.

+    1040 Workshop Module 2 Expenses, Deductions & Accounting 11 Online $79.00 View

1040Module 2 Expenses, Deductions, & Accounting

 

We have taken our large 1040 Workshop and broken it down into 4 seperate courses for your convenience. Please note this learning module is a section of the 1040 Workshop.  You can only receive credit for each individual learning module or the 1040 Workshop in its entirety. You may not double the credits as they are the same course. 

Learning Objectives

After reading Chapter 2, participants will be able to:

1. Recognize the tax treatment of rental property expenses noting their impact on landlords and tenants taking into consideration the tax differences given to rent, advance payments, and security deposits.

2. Identify the application of the hobby loss rules to a business, determine deductible health insurance costs and the requirements of the home-office deduction, and specify self-employment taxes and available business and investment credits.

3. Determine how to properly deduct travel and entertainment expenses by:

a. Identifying deductible business travel expenses, a taxpayer’s tax home, if any, and work locations based on the IRS’s definition, and recalling the “away from home” requirement and “sleep and/or rest” rule;

b. Specifying the key elements of deductible domestic and foreign business travel costs noting the Reg. §1.162 deduction of convention and meeting expenses;

c. Identifying §274 entertainment deductibility tests, determining the limits on home entertaining,  ticket purchases, and meals and entertainment noting eight exceptions to the percentage reduction rule; and

d. Recognizing the substantiation requirements associated with business gifts, employee achievement awards, and sales incentive awards.

4. Determine the differences between accountable and nonaccountable plans including the requirements for an accountable plan particularly adequately accounting for travel and other employee business expenses.

5. Determine what constitutes local transportation and commuting including how nondeductible personal commuting relates to local business transportation expenses.

6. Identify the apportionment of automobile expenses between personal and business use, the actual cost and standard mileage methods, and the gas guzzler tax.

7. Specify the various types of excluded fringe benefits that can increase employers’ deductions and incentive-based compensation of employees listing examples of each.

 

8. Recognize the cash, accrual, or other methods of accounting, select available accounting periods noting their impact on income and expenses, and identify expensing, depreciation, and amortization.

+    2019 Tax Update Must Know Provisions for 2019 Tax Season 20 Online $125.00 View

The Tax Cuts and Jobs Act will dramatically change the US tax code in 2018. This course will provide a thorough review of the tax code landscape for the 2019 tax year (H.R.1.). This course will provide a summary description of all individual and business provisions referenced in the Tax Cuts and Jobs Act. This description will identify the provisions that were changed for individual tax reform and business tax reform. The description also provides a reference to a more detailed description immediately following each summary.  The detailed description will review the current law, provide a detailed description of the change and identify the effective date that the provision will become effective.

 

At the end of this course, students will be able to:

  • ·  Review the Individual Tax Reform provisions and identify the provisions that have been changed and the provisions that were not changed with the Tax Cuts and Jobs Act;
  • ·  Review the Business Tax Reform provisions and identify the provisions that have been changed and the provisions that were not changed with the Tax Cuts and Jobs Act;
  • ·  Identify where to find more information about each provision; and
  • ·  Identify the effective date for all provisions in the Tax Cuts and Jobs Act.

Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration :
Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
C
lick here to view cancelation and record retention policies

+    2019 Comprehensive Tax Update Complete 30 Online $179.00 View

The Tax Cuts and Jobs Act will dramatically change the US tax code in 2018. This course will provide a thorough review of the tax code landscape for the 2019 tax year (H.R.1.). This course will provide a summary description of all provisions referenced in the Tax Cuts and Jobs Act. This description will identify the provisions that were changed and the provisions that were not changed for individual tax reform, business tax reform, exempt organizations and international tax provisions. The description also provides a reference to a more detailed description immediately following each summary.  The detailed description will review the current law, provide a detailed description of the change and identify the effective date that the provision will become effective.

At the end of this course, students will be able to:

  • ·         Review the Individual Tax Reform provisions and identify the provisions that have been changed and the provisions that were not changed with the Tax Cuts and Jobs Act;
  • ·         Review the Business Tax Reform provisions and identify the provisions that have been changed and the provisions that were not changed with the Tax Cuts and Jobs Act;
  • ·         Review the Exempt Organizations provisions and identify the provisions that have been changed and the provisions that were not changed with the Tax Cuts and Jobs Act;
  • ·         Review the International Tax provisions and identify the provisions that have been changed and the provisions that were not changed with the Tax Cuts and Jobs Act.
  • ·         Identify where to find more information about each provision; and
  • ·         Identify the effective date for all provisions in the Tax Cuts and Jobs Act.

Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration :
Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
C
lick here to view cancelation and record retention policies

+    2019 Tax Cuts and Jobs Act - Quick Review Individual Tax Reform 1 Online $9.95 View

The Tax Cuts and Jobs Act will dramatically change the US tax code in 2018. This course will provide a quick review of the entire Tax Cuts and Jobs Act Bill (H.R.1.). This course will provide a summary description of all provisions referenced in the Tax Cuts and Jobs Act and will identify the provisions that were changed individual tax reform.

Learning Objectives

At the end of this course, students will be able to:

  • Review the Individual Tax Reform provisions and identify the provisions that have been changed and the provisions that were not changed with the Tax Cuts and Jobs Act;
  • Recognize the tax rate changes for the four types of individual taxpayers;
  • Recognize the new standard deduction amounts for the four types of individual taxpayers; and
  • Identify the effective date for all individual tax provisions in the Tax Cuts and Jobs Act.

 

Complete, no additional material needed
Advance Preparation :
None
Intended Participants :
Any CPA looking to maintain or enhance their professional competence
Course Declaration :
Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
C
lick here to view cancelation and record retention policies

+    2019 Tax Cuts and Jobs Act - Quick Review Complete Bill 1 Online $24.99 View

Introduction

The Tax Cuts and Jobs Act will dramatically change the US tax code in 2018. This course will provide a quick review of the entire Tax Cuts and Jobs Act Bill (H.R.1.). This course will provide a summary description of all provisions referenced in the Tax Cuts and Jobs Act. This description will identify the provisions that were changed for individual tax reform, business tax reform, exempt organizations and international tax provisions.


Learning Objectives

At the end of this course, students will be able to:

  • Review the Individual Tax Reform provisions and identify the provisions that have been changed with the Tax Cuts and Jobs Act;
  • Review the Business Tax Reform provisions and identify the provisions that have been changed with the Tax Cuts and Jobs Act;
  • Review the Exempt Organizations provisions and identify the provisions that have been changed with the Tax Cuts and Jobs Act;
  • Review the International Tax provisions and identify the provisions that have been changed with the Tax Cuts and Jobs Act.
  • Identify the effective date for all individual tax provisions in the Tax Cuts and Jobs Act.

 

 

Complete, no additional material needed
Advance Preparation :
None
Intended Participants :
Any CPA looking to maintain or enhance their professional competence
Course Declaration :
Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
C
lick here to view cancelation and record retention policies

+    2019 Tax Cuts and Jobs Act International Tax Provisions 8 Online $69.00 View

 Introduction

The Tax Cuts and Jobs Act will dramatically change the US tax code in 2018. The Tax Cuts and Jobs Act is organized into four primary sections of: Individual Tax Reform, Business Tax Reform, Exempt Organizations and International Provisions. This course will provide a thorough review of the International Provisions portion of the Tax Cuts and Jobs Act Bill (H.R.1.). Part 1 of this course will provide a summary description of all provisions referenced in the International Provisions section of the Tax Cuts and Jobs Act. It will identify which sections changed and which remained the same. Each provision will reference a more detailed description of the provision in Part 2 of this course.  The detailed description will review the current law, provide a detailed description of the change and identify the effective date that the provision will become effective. 

Learning Objectives

At the end of this course, students will be able to:

  • Review the International Tax provisions and identify the provisions that have been changed and the provisions that were not changed with the Tax Cuts and Jobs Act.
  • Recognize the tax rate changes associated with Subpart F
  • Identify the changes to foreign income taxation that were implemented with the Tax Cuts and Jobs Act
  • Recognize where to find more information about each provision in part 2 of this course; and
  • Identify the effective dates for the International Tax Provisions portion of the Tax Cuts and Jobs Act.

Complete, no additional material needed
Advance Preparation :
None
Intended Participants :
Any CPA looking to maintain or enhance their professional competence
Course Declaration :
Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
C
lick here to view cancelation and record retention policies