Title | Credit | Format | Price | View |
+ A Guide To Tax Resolution: Solving IRS Problems | 7.0 | Online | $54.99 | View |
Course Description
Revision Date: 9/4/2024
Additional Contents : Complete, no additional material needed |
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+ Accounting For Income Taxes | 6.0 | Online | $49.99 | View |
Course Description
Revision Date: 12/1/22
Additional Contents : Complete, no additional material needed |
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+ E- Assets, Income & Cash | 2.5 | Online | $24.99 | View |
This mini-course integrates federal taxation with overall financial planning. The course explores tax strategies relating to the central financial tactics of wealth building, capital preservation, and estate distribution. The result is a unified explanation of tax-economics that will permit the tax professional to locate, analyze, and solve financial concerns. Designed to improve the quality of services to clients and the profitability of engagements, this program projects the accountant into the world of financial planning. Learning Assignment & Objectives As a result of studying the assigned materials, you should be able to meet the objectives listed below. Learning Objectives: After reading the materials, participants will be able to: 1. Identify investment purposes and retirement misconceptions, the multi-step retirement process, and the elements of investment planning. 2. Determine income types, from a tax perspective, to be budgeted in-to cash so that income-producing assets can be acquired and managed for an effective investment plan. 3. Recognize the means of achieving tax deferral recognizing like-kind exchanges, retirement plans, and installment sales, and specify the double financial benefit of exchanging through tax postponement and possible tax elimination. 4. Determine how to use tax credits, estimated taxes, and basic deductions to effectively reduce federal income tax and thereby increase discretionary income for investment purposes. 5. Specify formats for income splitting that can benefit taxpayers by lowering overall taxes as a unit and permitting wealth and tax allocation among individuals or entities. 6. Identify the tax benefits of the $500,000 home sales exclusion, municipal bonds, divorce and separation settlements, gifts and inheritances, life insurance, fringe benefits, and Social Security to eliminate tax on realized gain and ordinary income. After studying the materials, answer the exam questions 1 to 15.
Revision Date: 1/10/2024 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
Additional Contents : Complete, no additional material needed |
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+ E- Asset Protection | 2.0 | Online | $19.99 | View |
Asset Protection
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.
Revision Date: 1/10/24
Additional Contents : Complete, no additional material needed |
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+ E- Auto Rules | 2.0 | Online | $19.99 | View |
2 Credits Operating costs for vehicles used in the course of a taxpayer’s business are deductible. Thus, when taxpayers use their vehicles in their businesses or employment, they can deduct that portion of the cost of operating their vehicle. Such costs that can be deducted are property taxes that are paid on their vehicle if deductions are itemized on Schedule A. This mini-course reviews apportionment of personal and business use, the actual cost method and the standard mileage method, and expensing. Moreover, this presentation informs practitioners about topics such as the benefits and costs of leasing versus owning, and working condition fringe benefits.
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:
Learning Objectives After reading the materials, participants will be able to:
Revision Date: 3/6/24 with additional Study Guide Update on 6/3/24.
Additional Contents : Complete, no additional material needed |
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+ E- Bankruptcy Tax Issues | 2.0 | Online | $19.99 | View |
The Bankruptcy Abuse Prevention and Consumer Protection Act was enacted to minimize abuse of the bankruptcy system. Included in this Act were tax law changes and other changes that individuals, partnerships, and corporations will see in the bankruptcy procedures and qualifications. This mini-course both examines these changes that debtors will face when filing for federal bankruptcy and also explores the many tax issues of bankruptcy. Practitioners will also learn about other issues such as homesteading and garnishment by creditors. 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:
Learning Objectives After reading the materials, participants will be able to:
2024 Easy Update & Inflation Adjustments
Revision Date: 3/27/2024
Additional Contents : Complete, no additional material needed |
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+ E- Estate Planning with Business Issues | 2.0 | Online | $19.99 | View |
Course Description Practitioners are brought up-to-date information on tax issues affecting estate planning and business issues. A major emphasis of this mini-course is practical estate planning solutions that are cost effective. Devised to reduce or eliminate estate problems and death taxes, this comprehensive guide examines wills, trusts, gifts, insurance, private annuities, and other general estate planning tools. The planning issues and problems that arise from owning a business interest are also addressed.
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:
After reading the materials, participants will be able to:
Revision Date: 1/10/2024
Additional Contents : Complete, no additional material needed |
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+ E- Selected Business Expenses | 2.0 | Online | $19.99 | View |
Mini-Course Description: Business expenses are the costs of carrying on a trade or business, and they are usually deductible if the business is operated to make a profit. This mini-course reviews various expenses that businesses may deduct and the requirements that must be met for those expenses to qualify for deduction. Furthermore, practitioners can use this as a guide to determine which of their clients’ taxes are deductible as business expenses.
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
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: * Section 162 * Expenses of not-for-profit activities * Rent expenses * Interest expense * Deductible taxes * Other selected deductible costs * Amortization * Depletion -§613 * Business bad debts * Depreciation Learning Objectives After reading the materials, participants will be able to: 1. Cite the elements of §162 and the limitations imposed by the not-for-profit provisions stating how these elements and restrictions impact business deductions such as cost of goods sold, leases, taxes, loan points, and interest expense. 2. Determine the corporate dividends received deduction, identify the cost allocation on the business use of a residence and specify casualties, thefts, and research costs in the context of business deductions under §162. 3. Recognize methods of amortization for business startup, organizational costs, and §179 intangibles with the cost depletion methods used on natural resources. 4. Identify depreciation rules related to ACRS and MACRS, and cite the elements of the business bad debt provisions under §166. After studying the materials, answer exam questions 1 to 10.
Revision Date: 1/10/2024
Additional Contents : Complete, no additional material needed
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+ E- Selected Legal Issues with Tax Analysis | 2.0 | Online | $19.99 | View |
Course Description: How can you help your clients protect their assets? What is the best way for your client to “go bankrupt”? How can you help your client avoid the tax trap when going through a divorce? This course addresses all of these and many other, critical legal issues for the tax practitioner in a quick and effective potpourri of legal topics and their tax impact. The emphasis is on the tax consequences of common legal issues in today's litigatious society. From the Americans with Disabilities Act to Social Security taxes, a generous sampling of key areas is examined and explored. Tax practitioners will be quickly surprised to find how often the "tax tail" can wag the legal dog.
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:
Learning Objectives After reading the materials, participants will be able to:
Revision Date: 1/10/2024
Additional Contents : Complete, no additional material needed |
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+ E - Business Travel & Entertainment | 2.0 | Online | $19.99 | View |
Taxpayers are once again looking to CPAs for guidance and planning related to travel and entertainment expenses. This comprehensive mini-course examines and explains the practical aspects of business travel and entertainment deductions. To determine the expenses that taxpayers are able to deduct, fundamentals are reviewed and planning opportunities are identified. Practitioners will learn to master the proper administration of these complex and often cumbersome provisions. 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:
Learning Objectives After reading the materials, participants will be able to: 1. Recognize the “away from home” requirement and related deductions, determine what constitutes transportation and travel expenses noting the tests for tax home and recognize the differences between temporary and indefinite work assignments including their effect on a tax home. 2. Identify the business purpose requirement using the 51/49 percent test, determine deductible conventions and meetings, and specify the limitations applied to meals and lodging when traveling. 3. Determine what constitutes business entertainment and identify business entertainment activity deduction restrictions and disallowance. 4. Specify the Statute 274(e) exceptions to entertainment deduction disallowance, recognize the necessity of expense substantiation, and determine accountable and nonaccountable plans noting the impact on deductions.
Revision Date: 1/24/2024
Additional Contents : Complete, no additional material needed |
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+ E- Getting Cash Out Of Your Business | 3.0 | Online | $24.99 | View |
Getting Cash Out Of Your Business
Revision Date: 1/24/2024
Additional Contents : Complete, no additional material needed
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+ E- Choosing the Right Business Entity & Getting Cash Out Of It | 3.5 | Online | $39.99 | View |
This mini-course describes and compares sole proprietorships, partnerships, limited liability companies, “C” corporations and “S” corporations. It examines their advantages and disadvantages, permitting the participant to properly select the right business entity for their tax and liability needs.
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:
Learning Objectives After reading the materials, participants will be able to:
Revision Date: 1/24/2024
Additional Contents : Complete, no additional material needed |
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+ E- Employee Compensation & Benefits | 3.5 | Online | $24.99 | View |
Course Description: The various ideas, methods, and techniques to optimize the overall compensation package for key employees and principals are examined in this mini-course. Generally, businesses may deduct employees’ pay including wages, salaries, and other perks. Certain fringe benefits that can provide an unusually tax favored manner of supplementing compensation are described and evaluated. In addition, equity participation is explored through stock sales, repurchase agreements, incentive stock options, ESOT’s, stock options, and bonuses. Finally, deferred compensation arrangements are investigated. The goal of this mini course is to provide participants with a working knowledge of types of compensation necessary to structure a compensation package minimizing tax liabilities and cost.
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 material, participants should identify the following topics for study:
Learning Objectives After reading the materials, participants will be able to:
Revision Date: 1/24/2024
Additional Contents : Complete, no additional material needed |
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+ E- Corporate Taxation | 2.0 | Online | $19.99 | View |
This course examines and explains the basics of corporate taxation. The focus is on regular or C corporations, their formation, and operation under tax law. The advantages and disadvantage of corporations are examined; incorporation and capitalization issues are discussed; and, basic tax rates and specialty taxes are reviewed. The tax treatment of operational expenses and deductions are outlined; and accounting periods and methods are explored. Finally, the dangers of multiple corporations and corporate distributions are highlighted.
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:
Learning Objectives After reading the materials, participants will be able to:
Revision Date:1/24/2024
Additional Contents : Complete, no additional material needed |
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+ E- Divorce Transfers & Settlements | 2.0 | Online | $19.99 | View |
Participants will learn how to apply, implement, and evaluate the strategic tax aspects of marital dissolutions and living together arrangements. Current perspectives on property transfers and asset divisions are examined with an emphasis on planning considerations. This mini-course reviews property settlements and other transfers incident to divorce. Basis allocation, third party transfers and purchases between spouses are also examined. Common pitfalls for the unwary such as transfers in trust, installment notes, and purchases between spouses are analyzed. Application of these tax principles is exampled in selected asset divisions of the residence, business interests, insurance, and pension benefits.
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:
Learning Objectives After reading the materials, participants will be able to:
Revision Date: 1/30/24
Additional Contents : Complete, no additional material needed |
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+ E- Education Tax Benefits | 2.0 | Online | $19.99 | View |
Course Description: Today taxpayers must plan for their children's education. Touching on various topics such as qualified tution 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.
Learning Objectives: After reading the materials, participants will be able to:
Revision Date: 1/30/24
Additional Contents : Complete, no additional material needed
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+ E- Entities & Title | 2.0 | Online | $19.99 | View |
Course Description: Before launching into an estate planning program, it’s important to know who owns what and exactly for whom you are planning. This requires that methods of holding title must be analyzed, considered, and selected. Sole proprietorships, S corporations, C corporations, partnerships, and limited liability companies are analyzed as to formation, operation, and ultimate disposition. Since who or what holds title imposes its own unique tax and legal consequences on the estate plan, emphasis is given to the maximization of tax benefits in each business format. While each has its own separate characteristics, several may be used together in more sophisticated planning. Learning Objectives As a result of studying the assigned materials, you should be able to meet the objectives listed below.
Distinguish between the various types of corporations, clarify S corporation rules and their tax advantages and disadvantages, contrast the advantages and disadvantages of corporations relative to other types of entities, and explain how leasebacks to corporations work; Differentiate between the types of joint ownership, describe how to use the benefits of partnerships, trusts and limited liability companies to hold property; List the various retirement plans and how they can be used to provide substantial lifetime benefits to a business owner and to employees.
Revision Date: 2/7/2024
Additional Contents : Complete, no additional material needed |
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+ E- Estate Tools & Trusts | 2.0 | Online | $19.99 | View |
Course Description: 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:
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. Revision Date:2/7/2024
Additional Contents : Complete, no additional material needed
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+ E- Family Tax Planning | 2.0 | Online | $19.99 | View |
Course Description: While the nuclear family remains the center point of society, today it is under tremendous economic and social pressure. This mini-course is designed to cover "hot" topics having a direct impact on the practitioner who represents any client with family issues. The emphasis is on using tax solutions to ease family economic concerns permitting the practitioner to be a real tax hero.
Learning Assignment & Objectives: As a result of studying the assigned materials, you should be able to meet the objectives listed below. At the start of the materials, participants should identify the following topics for study: Filing status & exemptions Divorce costs Child, dependent care & adoption credits Education expenses, credits & deductions Medical costs Charitable contributions Casualty & theft losses Home sales & mortgage interest Property rights Elderly, disabled & estate planning
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
Revision Date: 2/14/2024
Additional Contents : Complete, no additional material needed
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+ E- Fast Track Retirement Planning | 3.0 | Online | $24.99 | View |
Mini-Course Description & Study Guide 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. 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
Revision Date: 2/20/2024
Additional Contents : Complete, no additional material needed |
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+ E- Installment Sales | 2.0 | Online | $19.99 | View |
Installment Sales
Mini-Course Description An installment sale is a sale of property where one or more payments are received after the close of the tax year. This mini-course discusses the particulars of installment sales, including requirements, calculations, and pitfalls. Cross issues such as a combined installment sale and like-kind exchange, the impact of related parties, pledging, repossession and contingent payments are reviewed. Also, the importance of recognizing the dangers of dealer status, inventory, purchase price allocation, and installment note disposition are emphasized.
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
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: * Installment method * Installment income * Imputed interest & OID * Related party sales * Like-kind exchanges * Contingent payments or price * Sale of a business * Dealer dispositions * Installment notes in excess of $5 million * Dispositions of installment obligations Learning Objectives After reading the materials, participants will be able to: 1. Recognize the importance, particularly in tax deferral, of the installment method and, identify §453 requirements and installment method terminology. 2. Specify the imputed interest, OID, and §1038 repossession rules affecting installment sales and subsequent repossessions. 3. Identify the following §453 pitfalls and complexities: the related party limitation, the regulations governing the use of the installment sale method in like-kind exchanges, and the contingent payment sale rules. 4. Determine how to allocate and report installment payments among identified asset classes using R.R. 76-110 and the residual method recognizing §453 prohibitions on certain assets regarding dealer dispositions and inventory. 5. Identify the amount of interest payable on tax-deferred income when §453 dispositions exceed $5 million and circumstances considered taxable dispositions of installment obligations to determine when any gain or loss is recognized. After studying the materials, answer exam questions 1 to 10.
Revision Date: 2/28/2024
Additional Contents : Complete, no additional material needed
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+ E- Estate Planning | 2.0 | Online | $19.99 | View |
Estate planning is when tomorrow becomes today! As a result of recent legislation, estate planning has been made surprisingly simple. This mini-course surveys wills, living trusts, gifts, insurance, marital property and probate avoidance. The will and trust forms are explored along with living wills, durable powers of attorney and nominations of conservator.
Learning Objectives
Revision Date: 2/29/2024
Additional Contents : Complete, no additional material needed
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+ E- Making the Best of Bad Situations | 2.0 | Online | $19.99 | View |
Course Description:
This mini-course will teach participants how to apply, implement, and evaluate the strategic tax aspects of marital and financial setbacks. Property transfers, asset divisions, alimony, filing status, exemptions, and child support are examined.
The cancellation of indebtedness income inclusion rules are discussed in the context of debt forgiveness and property foreclosure. Emphasis is given to the exceptions from income inclusion contained in Statute 108. The tax treatment of property repossession under Statute 1038 and bad debt treatment under Statute 166 is reviewed.
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
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:
* Marital tax liability
* Transfers incident to divorce
* Alimony & child support
* Debt cancellation & income inclusion rule
* Reduction of tax benefits
* Foreclosure
* Repossession of personal property
* Repossession of real property
* Non-business bad debts
* Business bad debts
Learning Objectives
After reading the materials, participants will be able to:
1. Recognize tax considerations and tax guidance for marital breakdowns and, identify marital status specifying the effect marital status has on filing status and federal income tax obligations.
2. Identify state marital property provisions, cite the elements of Statute 1041 identifying at least two tax traps for the unaware, and specify variables that determine whether a payment is alimony.
3. Determine the exceptions to the general income inclusion rule specifying their tax impact, and recognize the various issues related to calculating gain or loss resulting from foreclosure or repossession including the differences between personal and real property repossession, amount realized on sale, or other distribution of property in a foreclosure, and basis calculation on repossession of property.
4. Identify nonbusiness and business bad debts under Statute 166 determining their differences in Code requirements and amount allowed.
Revision Date: 3/19/2024
Additional Contents : Complete, no additional material needed |
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+ E- Basic Marital Tax Matters | 2.0 | Online | $19.99 | View |
In this mini-course, initial marital tax matters such as living together, property rights, premarital agreements, filing status, exemptions, and dependents are explored. The detailed support test for children of divorced or separated parents, the tax treatment of back child support, the deduction of divorce costs, and estimated tax payments are reviewed. Emphasis is given to marital property rules, married versus unmarried tax rate comparison, head of household status, and treatment of refunds and deficiencies.
Learning Objectives
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
Revision Date: 3/19/2024
Additional Contents : Complete, no additional material needed
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+ E- Medical, Charitable & Casualty | 2.5 | Online | $24.99 | View |
Course Description:
We may all confront issues that directly impact how much we can deduct. This course is designed for participants who want to explore and examine the tax consequences of medical costs, charitable contributions, and casualty and theft losses, especially in relation to their deductibility. The emphasis is examining a wide variety of situations related to these items and the extent to which they may or may not result in a deduction and what limitations on deductibility may be imposed.
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
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:
* Deductions for medical costs
* Health Savings Accounts
* Health insurance for the self-employed
* Limitations on charitable contributions
* Contributions of cash
* Contributions of property
* Contributions of services
* Substantiation
* Casualty and theft losses
* Disaster area losses
*Losses on Deposits
Learning Objectives
After reading the chapter, participants will be able to:
1. Identify the various deductions related to medical costs by
a. Recognizing the differences between deductible and nondeductible items including the types of deductions for dependents; and
b. Specifying the basic characteristics of Health Savings Accounts (HSAs) and the tax consequences of withdrawals from HSAs and determining self-employed health insurance.
2. Recognize the charitable contribution provisions, identify how contributions of cash, property, and services affect deductibility of contributions of the different types of charitable contributions, and specify the requirements related to substantiation. 3. Determine what constitutes casualty losses, theft losses, and losses on deposits and recognize the issues related to the deductibility of these losses.
Revision Date: 3/19/2024
Additional Contents : Complete, no additional material needed
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+ E- Passive Loss & At-Risk Rules | 2.5 | Online | $19.99 | View |
Course Description:
With the adoption of the passive loss limitation rules, taxpayers are looking to CPAs for guidance related to what deductions are allowed, disallowed, or suspended. Updating practitioners on the practical aspects of Statute 469, this course addresses the needed skill to handle these pragmatic issues. Fundamentals are reviewed, planning opportunities are identified, and creative strategies are discussed and evaluated along with remaining traditional approaches. The goal of this instructive course is to understand and solve client problems under Statute 469, with emphasis on tax savings ideas. Participants will learn to master the proper administration of these complex and often cumbersome provisions.
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
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:
* Passive loss rules
* Material participation
* Activity definition
* Passive & nonpassive activities
* Passive activity loss
* Rental activities
* Recharacterization of passive income
* Passive activity credits
* Passive activity audit guide
* At-risk limits
Learning Objectives
After reading the materials, participants will be able to:
1. Identify affected taxpayers, categories of income and loss, and passive losses under Statute 469 and necessary Statute 469 calculation steps and specify the Statute 469 & Statute 1211 limits and the ordering and suspension of any disallowed losses.
2. Recognize a taxpayer’s material participation in an activity by:
a. Identifying the material participation tests and their application to entities such as partnerships and corporations;
b. Specifying the activity grouping rules and exempt activities;
c. Determining passive activity particularly, the treatment of rental activity as passive; and
d. Identifying “nested” activities.
3. Identify special passive loss rules and calculations by:
a. Determining alternating use affects on amount realized and adjusted basis and citing additional loss limitations outside of Statute 469;
b. Recognizing requirements for the special $25,000 allowance; and
c. Specifying recharacterization rules and their purpose.
4. Recognize the passive activity audit guidelines identifying audit issues, determine the real estate rental activity credit exception, and cite the at-risk limit rules as they relate to Statute 469.
Additional Contents : Complete, no additional material needed |
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+ E- Property Dispositions | 2.0 | Online | $19.99 | View |
Course Description:
Tax reform provisions have frequently changed the tax on profits realized from the disposition of real estate. This has forced investors to seek “escape hatches” from fluctuating capital gains taxes. Tax-deferred exchanges permit the disposition of property often with the taxpayer receiving significant cash but without the payment of any tax. Functionally, an exchange is a “bridge” over the normally taxable event of moving from one property to another. This course alerts the practitioner to the different planning opportunities that surround exchanging and also identifies the tax consequences of home sales, foreclosure, repossession, and other real property dispositions. Additional tpics of interest include involuntary conversions and at-risk limits.
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
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:
* Capital gains
* Home sales
* Installment method
* Contingent payments or price
* Section 1031 like-kind exchanges
* Delayed exchange regulations
* Actual & constructive receipt rule
* Foreclosure
* Repossession
* Condemnations
Learning Objectives
After reading the materials, participants will be able to:
1. Identify capital gains rates with applicable assets using the "basket" approach, cite the requirements of the home sale exclusion, and determine gain under the installment method recognizing the application of the unstated interest rules.
2. Specify the types of property that qualify for a like-kind exchange and recognize the methods of identifying such property in a delayed exchange including the mechanics for such an exchange.
3. Recognize the differences between recourse and nonrecourse indebtedness identifying their impact on foreclosures, determine how various types of property affect the repossession rules of Statute 1038 including basis and gain or loss for both installment and non-installment method sales.
4. Determine how easements affect condemnations and how to report gain or loss associated with involuntary conversions, cite the types of payments included in a condemnation award, and specify the types of entities that qualify for exclusion from at-risk limits recognizing the impact of recourse and nonrecourse financing.
Additional Contents : Complete, no additional material needed |
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+ E- Retirement Plans | 3.5 | Online | $39.99 | View |
Course Description: We are all (including tax practitioners) getting older, and the need for effective retirement planning has never been greater. This course is essential for participants who wish to attain a comfortable retirement for themselves and their clients by maximizing tax-saving strategies. Designed to improve the quality of services to clients and the profitability of engagements, this presentation integrates federal taxation with retirement planning. The emphasis is on practical simplicity in dealing with the self-employed and highly compensated individual. Distribution options from IRAs and other retirement plans are explored. 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. 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: Qualified deferred compensation Basic requirements of a qualified pension plan Basic types of corporate plans Types of defined contribution plans Self-employed plans - Keogh Distribution & settlement options of IRAs Tax-free rollovers for IRAs Roth IRAs Simplified employee pension plans (SEPs) SIMPLE plans Revision Date: 3/29/2024
Additional Contents : Complete, no additional material needed
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+ E- S Corporations | 3.0 | Online | $24.99 | View |
In this course, the intricacies of setting up and terminating an S corporation are detailed and taxation is discussed. The numerous advantages and disadvantages of this entity are identified to help practitioners determine whether the S corporation is most suitable for their clients. Eligible domestic corporations can avoid double taxation by electing to be treated as an S corporation under the rules of Subchapter S. Subchapter S provides an optional method of corporate taxation and allows small business corporations to elect unusual tax treatment. The S corporation is taxed like a partnership, but in other respects, S corporations are taxed like C corporations. 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 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: * Advantages & disadvantages * S corporation status * Termination * Income & expense * Built-in gain * Passive income * Basis of stocks & debts * Distributions * Form 1120S * Fringe benefits Learning Objectives After reading the materials, participants will able to: 1. Recognize a client's potential use of the S corporation format and its tax advantages and disadvantages by citing the requirements for an S corporation election, identifying eligible S corporation shareholders, specifying the one-class-of-stock regulations, and determining the ways an S corporation election can be terminated. 2. Identify the concepts of S corporation taxation by: a. Recognizing the application of passive income taxation, accumulated adjustments accounts, built-in gains, net operating losses, tax preference items, and potential capital gains taxes, b. Determining a shareholder’s stock basis from capitalization and loan activity, c. Specifying the related party rules including their impact on deductions, available fringe benefits, and tax forms to use when filing as an S corporation. After studying the materials, answer the exam questions 1 to 15. Revision Date: 3/29/2024
Additional Contents : Complete, no additional material needed |
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+ E- Tax, Bankruptcy and Financial Problems | 3.0 | Online | $24.99 | View |