This course is specifically for Enrolled Agents that need to report to the IRS.

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. This presentation integrates federal taxation with retirement planning. The course will examine tax and savings strategies related to determining retirement income needs, 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 aspects of retirement. Designed to improve the quality of services to clients and the profitability of engagements, this program projects the accountant into the world of retirement planning. This course will give the participant practice in analyzing problems, developing solutions, and presenting final personal retirement plans to clients. The emphasis is on practical simplicity in dealing with the self-employed and highly compensated individual. Retirement income needs are calculated; net after tax Social Security benefits are determined; and distribution options from IRAs and retirement plans are explored. Special consideration is given to the tax treatment of the home and business on retirement. Buy-sell agreements are discussed and eldercare planning is examined.

Course Objective:

Revision Date: 10/2/24

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

This course is specifically for Enrolled Agents that need to report to the IRS.

The program will examine tax issues relating to the formation and operation of partnerships. Participants will gain a familiarity with basic areas of partnership taxation so as to recognize a problem and have at hand some practical knowledge for its solution. This course is presented in four practical segments: (1) the formation of partnerships, (2) the basic day-to-day operations of partnerships, (3) distributions of assets to partners, and (4) the termination of partnership affairs.

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%

Click Here For Course Objectives

Revision Date: 7/17/2024

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

This course is specifically for Enrolled Agents that need to report to the IRS.

Designed to make the practitioner comfortable with “high traffic” issues, this program enables participants to discuss and handle business/personal tax essentials. The course examines and explains the practical aspects of individual & corporate planning, bridging the gap between theory and application. Significant new developments are summarized with emphasis on tax savings ideas. 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.

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%

Click Here For Course Objectives

Revision Date: 9/4/2024

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

This course is specifically for Enrolled Agents that need to report to the IRS.

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

Revision Date: 4/18/2024

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

This course is specifically for Enrolled Agents that need to report to the IRS.

Americans who want to be their own boss are not entirely on their own. They have a rich uncle - Uncle Sam - who is there to help, as well as to make demands. The nation's tax laws are intended to encourage people to start new businesses and are chock full of incentives and tax breaks, as well as sometimes onerous reporting requirements.

This course is a fast-paced and entertaining guide through tax issues affecting business entities and their owners. The focus of this class is on tax devices and techniques available to the small-business owner. Emphasis will be given to operational deductions, fringe benefits, compensation, family income splitting, retirement plans, and 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
Passing Percentage: 70%

Click Here For Course Objectives

Revision Date: 6/12/2024

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

This course is specifically for Enrolled Agents that need to report to the IRS.

This 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.

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.

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:

• Comparing goals and purposes
• Investment goals and retirement planning
• Building an estate
• Section 1031 “like kind” exchanges
• Retirement plans
• Tax credits and estimated taxes
• Basic deductions
• Income splitting
• Elimination
• Fringe benefits

Learning Objectives:

After reading the materials, participants will be able to:

• Critique investment purposes and retirement misconceptions, and assist clients in implementing the five-step retirement process and in identifying the three basic elements of investment planning.
• Identify four types of income, from a tax perspective, to be budgeted into cash so that income-producing assets can be acquired and managed for an effective investment plan.
• Discover at least three means of achieving tax deferral, including like-kind exchanges, retirement plans and installment sales, and realize a double financial benefit of not only tax postponement like an "interest-free loan" but even possible tax elimination.
• Illustrate how to use tax credits, estimated taxes, and basic deductions to effectively reduce federal income tax and thereby increase discretionary income for investment purposes.
• Explain six major 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.
• Use the 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.

Revision Date:  1/10/2024

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

This course is specifically for Enrolled Agents that need to report to the IRS.

The 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.

Revision Date:  1/10/2024

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

This course is specifically for Enrolled Agents that need to report to the IRS.

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:

• Apportionment of personal & business use
• Deduction limitations using actual cost method
• Expensing - §179
• Predominate business use rule
• Auto leasing
• Standard mileage method
• Auto trade-in vs. sale
• Employer-provided automobile
• Nonpersonal use vehicle
• Reporting of employer-provided automobile

Learning Objectives

After reading the materials, participants will be able to:

1. Identify and implement various tax vehicle depreciation (§168) and expensing (§179) methods describing their requirements and limitations under MACRS and make basis, business use and deduction computations.
2. Explain the predominate business use rule emphasizing the result of less than 50% qualified business use, name the pros and cons of auto leasing and calculate monthly lease payments indicating what factors affect payments so clients may financially analyze leasing and know common leasing terms.
3. Review items included under the standard mileage method distinguishing items that may be separately deducted, determine the taxable fringe benefit value of an employer provided automobile using the general and special valuation methods ands list several qualified nonpersonal use vehicles discussing what reporting standards apply.

Revision Date: 3/6/24 with additional Study Guide Update on 6/3/24.

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

This course is specifically for Enrolled Agents that need to report to the IRS.

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:

• Tax law changes
• Bankruptcy types
• Automatic stay
• Preferences
• Priorities
• Debt discharge
• Individual bankruptcy estate
• Individual debtor
• Corporate bankruptcy
• Homesteading & garnishment

Learning Objectives

After reading the materials, participants will be able to:

1. Analyze the 2005 Bankruptcy Act by identifying changes to bankruptcy procedures and qualifications comparing the three most common types of bankruptcy filings and select the appropriate bankruptcy filing using a debtor’s status as an individual or business and their ability to pay off creditors.
2. Explain the scope of the automatic stay, the recoupment preferential transfers, and the priority of creditor claims categorizing dischargeable and nondischargeable debts based on bankruptcy filing.
3. Outline the creation of a separate individual bankruptcy estate determining its taxable income, appropriate deductions, and special tax year elections and contrast individual with partnership and corporate bankruptcy comparing filing bankruptcy requirements, debt discharge and asset liquidations including reorganizations.
4. Describe the purpose of homestead laws and available homestead types including the degree of homeowner protection afforded and identify the special rules, terms, and application of garnishment laws.

Revision Date: 3/27/2024

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

This course is specifically for Enrolled Agents that need to report to the IRS.

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.

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:

• List the elements of the §162 and the limitations imposed by the not-for-profit provisions explaining how these elements and restrictions impact business deductions such as cost of goods sold, leases, taxes, loan points, and interest expense.
• Analyze the corporate dividends received deduction, determine the cost allocation on the business use of a residence and define casualties, thefts and research costs in the context of business deductions under §162.
• Compare and describe the various methods of amortization for business startup, organizational costs, and §179 intangibles with the cost depletion methods used on natural resources.
• Explain depreciation rules related to ACRS and MACRS, and list the elements of the business bad debt provisions under §166.

Revision Date: 1/10/2024

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

This course is specifically for Enrolled Agents that need to report to the IRS.

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:

• Transportation & travel distinguished
• Definition of “tax home”
• Temporary & indefinite assignments
• Business purpose requirement for business travel
• Convention & meetings
• Statutory exceptions of ordinary & necessary requirement
• Entertainment facilities
• Employee expense reimbursement & reporting
• Self-employed persons
• Employers

Learning Objectives

After reading the materials, participants will be able to:

1. Identify the away from home requirement listing eligible deductions, distinguish transportation and travel expenses contrasting the caselaw and IRS test for tax home and compare temporary versus indefinite work assignments demonstrating their affect on a tax home.
2. Summarize the business purpose requirement emphasizing the deductible conventions and meetings, and specify the limitations applied to meals and lodging when traveling to insure client compliance.
3. Define business entertainment applying the deductibility tests of §162 and identify business entertainment activity deduction restrictions to avoid later disallowance.
4. Explain deduction limitations including the percentage reduction for meals and entertainment expenses, list miscellaneous itemized business deductions and expenses associated with an entertainment facility, and describe employee expense reimbursement and reporting options including available federal per diem rates while noting the special treatment given to self-employed persons.

Revision Date: 1/22/2024

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

This course is specifically for Enrolled Agents that need to report to the IRS.

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:

• Advantages and disadvantages of sole proprietorships
• Taxes for self-employed individuals
• Definition of partnership
• Partnership tax return & year taxable
• Contributed property, assets & services
• Sales & exchanges of partnership interests
• Limited liability companies
• C corporations & PSC corporations
• Inventories
• S corporations

Learning Objectives

After reading the materials, participants will be able to:

1. Compare and contrast the central differences among business entities and the advantages and disadvantages associated with five basic business entity types.
2. Explain the tax attributes sole proprietorships, partnerships, LLCs, S corporations and C corporations and how each entity can be used to enhance tax and financial purposes and objectives.
3. Direct clients about the unique (e.g., self employment) and general taxes applicable to particular entities and the tax forms that may be required.
4. Describe the basic deductions that are permissible for each entity type and the conditions under which they are allowed.
5. Summarize the tax years, accounting methods and valuation methods that each entity type may use, and how the entities can be terminated.
6. Determine for different entity types the basis and the tax effect of sales, exchanges, transfers, contributions and distributions.

Revision Date: 1/23/2024

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

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, ESOTs, 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 the 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:
* Wages, salary & pay
* Tests for deducting pay to employees
* Selected types of compensation
* Payroll taxes
* Selected fringe benefits
* Interest-free & below-market loans
* Equity participation
* Advantages of nonqualified deferred compensation
* Funded company account plans
* Segregated asset plans

Learning Objectives
After reading the materials, participants will be able to:
1. Identify the common-law rules used by the IRS to determine whether a person is an employee for purposes of FICA, FUTA, and federal income tax withholding.
2. Recognize employee and officer compensation deductibility factors and the related employment taxes and reporting obligations to ensure compliance with regulations.
3. Identify fringe benefits specifying those that provide deductible incentive-based employee compensation.
4. Specify the equity incentive opportunities available to employers showing the variety, tax treatment, and use of stock plans.
5. Recognize the use of deferred compensation agreements to attain compensation and retirement objectives.
After studying the materials, answer exam questions 1 to 20.


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:  1/24/2024

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 cancellation and record retention policies

This course is specifically for Enrolled Agents that need to report to the IRS.

2 Credits

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:

• Corporation defined
• PSC corporations
• Incorporation
• Small business stock exclusion
• Start-up & organizational expenses
• Alternative minimum tax
• Capital gains & losses
• Accumulated earnings
• Accounting periods & methods
• Inventories

Learning Objectives

After reading the materials, participants will be able to:

1. Recognize the key elements of regular corporations, explain their advantages and disadvantages, including tax treatment and tax advantages and disadvantages, and how to distinguish them from PSC corporations.
2. Direct clients on §351 requirements for tax free incorporation, explain the impact of the transfer of money, property or both by prospective shareholders pointing out the availability of §1244 for stock losses and §195 amortization of start-up expenditures.
3. Compute corporate alternative minimum tax recognizing the small corporation exemption, explain the corporate tax consequences of capital gains and losses, and describe several ways to avert the accumulated earnings trap noting the potential use of the accumulated earnings credit.
4. List accounting periods and methods available to corporations describing the tax consequences of liquidating property distributions.

Revision Date: 2/2/2024

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

This course is specifically for Enrolled Agents that need to report to the IRS.

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.

Revision Date: 1/30/2024

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

This course is specifically for Enrolled Agents that need to report to the IRS.

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 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:

• Estate planning team & administration
• Unlimited marital deduction & applicable exclusion amount
• Primary dispositive plans
• Trusts
• Annual gift tax exclusion
• Annuities & installment sales to family members
• Charitable remainder trusts
• Family limited partnerships
• Buy-sell agreements
• Family documents

Learning Objectives

After reading the materials, participants will be able to:

1. Describe an estate planning team explaining their role in the estate administration process, list the unlimited marital deduction requirements, define the applicable exclusion amount and discuss the effects of stepped-up basis and the former modified carryover basis rules.
2. Point out the limits of a simple will and the advantages and disadvantages of living trusts.
3. Identify specialized estate planning tools describing how they permit clients to pass more wealth and save death taxes, list the uses of a durable power of attorney, and give instances when a conservatorship is appropriate.

Revision Date:  3/6/2024

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

This course is specifically for Enrolled Agents that need to report to the IRS.

While the nuclear family remains the centerpoint 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.

ASSIGNMENT

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

Learning Objectives

After reading the materials, participants will be able to:

1. Describe the effect of marital status on filing status, determined the advisability of filing a joint return enlight of the innocent spouse rules, list available exemptions, and differentiate between deductible and nondeductible divorce costs
2. Clarify the costs and fees that qualify for the tax credit for adoption expenses and for education credits, such as the HOPE credit, identify the requirements for dependent care assistance, and explain to clients the contribution limits for Coverdell ESAs
3. Point out the medical cost deductions available to clients and discuss with them home mortgage interest and moving expense deductions, and explain the taxation of interspousal transfers, including §1041 transfers and property settlements.

Revision Date: 2/15/2024

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

This course is specifically for Enrolled Agents that need to report to the IRS.

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, calculation 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.

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. Analyze the importance, particularly tax deferral, of the installment method, list three requirements to use the method, and define basic installment method terminology.
2. Apply the imputed interest, OID and §1038 repossession rules to installment sales and subsequent repossessions.
3. Identify and explain 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. Allocate and report installments payments among identified asset classes using R.R. 76-110 and the residual method noting §453 prohibitions on certain assets regarding dealer dispositions and inventory.
5. Compute the amount of interest payable on tax-deferred income when §453 dispositions exceed $5 million and identify circumstances considered taxable dispositions of installment obligations to determine when any gain or loss is recognized.

Revision Date: 2/28/2024

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

This course is specifically for Enrolled Agents that need to report to the IRS.

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.       

Revision Date: 2/7/2024

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

This course is specifically for Enrolled Agents that need to report to the IRS.

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.

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:

• Unlimited marital deduction
• Simple will
• Types of trusts
• Charitable trusts
• Family documents
• Private annuities
• Business valuation
• Redemptions
• Lifetime dispositions
• Installment payment of federal estate taxes
• Learning Objectives

After reading the materials, participants will be able to:

1. Describe the unlimited marital deduction, its effect on the gross estate evaluation and the impact of stepped-up basis as they affect survivors and heirs. Summarize the benefits of establishing even a simple will and its control over certain assets.
2. Discuss the primary ways to dispose of assets using trusts and annuities specifying the importance of family documents to manage assets.
3. Identify the starting point used to value a business’s tangible assets, continue by reviewing the R.R. 59-60 business valuation factors and listing the four steps in R.R. 68-609’s valuation formula for intangible assets and goodwill noting the effect of both rulings on the total value of a business. Then, analyze the adjustment caused by minority interests in a closely held business and their impact on final evaluation.
4. Illustrate how to use the various ways to dispose of business interest before death to family members while avoiding the provisions of the constructive ownership rules.
5. Analyze deferred compensation agreements as a valuable estate planning tool and identify when to recommend the option of paying federal estate taxes in installments indicating the basis of the election and its eligibility requirements.

Revision Date: 1/10/2024

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

This course is specifically for Enrolled Agents that need to report to the IRS.

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:

• Asset protection
• COBRA coverage
• Bankruptcy
• Divorce settlements & divisions
• Employment & Social Security
• Americans with Disabilities Act
• Entities and title
• Insurance & foreclosure
• Involuntary conversions
• Torts and personal injuries

Learning Objectives

After reading the materials, participants will be able to:

1. Identify and analyze the business law concepts of asset protection, bankruptcy, condemnation, and damages by evaluating their tax, economic, and legal impact on the small business planning.
2. Define the business relationships of principal, employee and independent contractor noting the legal and tax consequences of their relationship to a business, detect and solve business and legal risks posed by these parties, including co-ownership, employment, Worker's Compensation, COBRA and Disability Act provisions by developing proactive techniques such as buy sell agreements and regulatory compliance procedures.
3. Explain and advise small-business clients on the variety of personal tax and legal issues such as divorce, foreclosure, legal title, and income needs that can directly impact their business and how investment, insurance, and government benefit planning can address these issues.

Revision Date: 1/10/2024

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

This course is specifically for Enrolled Agents that need to report to the IRS.

This mini-course examines the various ideas, methods, and techniques capable of optimizing the overall compensation package for key employees and principals in small to medium sized businesses. Qualified and non-qualified deferred compensation, benefit targeting, insurance programs, statutory fringe benefits, interest free loans, and investment planning are investigated. Consideration is given to indirect compensation in the form of business entertainment, expense accounts, auto use, travel, and transportation. The new field of professional services is probed to provide tax, financial and estate planning to the key executive.

Learning Assignment & Objectives

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

ASSIGNMENT  SUBJECT

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

1. Deferral of income
2. Avoiding taxable income
3. Unreasonable compensation
4. Nonqualified deferred compensation
5. Basic types of corporate retirement plans
6. Individual plans
7. Fringe benefits
8. Employer provided automobile
9. Business entertainment
10. Business travel & transportation

Learning Objectives

After reading the materials, participants will be able to:

1. Identify four types of income, from a financial and tax perspective, to be budgeted into cash so that income-producing assets can be acquired and managed for an effective investment plan.
2. Structure compensation to maximize the net dollar return using strategies that involve all aspects of how the client relates to the company for which they may be an owner, employee, or both.
3. Distinguish qualified deferred compensation plans from nonqualified deferred compensation plans, and differentiate defined contribution plans from defined benefit plans noting the characteristics of each so that business owners may choose the most suitable plan to accomplish their financial and worker incentive objectives.
4. Explore and examine the scope and variety of excluded fringe benefits including tax treatment, operational details, and level of incentive based compensation.
5. Apply the directly related test and the associated test to insure that entertainment expenses can be deducted, treat reimbursements paid under accountable and unaccountable plans accordingly, and identify deductible travel expenses undertaken for business.
6. Explain four types of insurance that a company can provide its employees, describe the various types of equity participation available from which companies may choose, and define a buy sell agreement and the two basic types of a buy sell agreement.

Revision Date: 2/23/2024

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

This course is specifically for Enrolled Agents that need to report to the IRS.

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:

• Property rights
• Premarital agreements
• Application of §1031
• Incident to divorce
• Property basis
• Purchases of residence between spouses
• Purchases of business interests between spouses
• Selected asset divisions of residence & business interests
• Real & personal property
• Pension benefits

Learning Objectives

After reading the materials, participants will be able to:

1. Inform clients on the various forms of marital property and how to proceed with a tax structured property settlement pointing out the benefits of premarital agreements to avoid potential divorce problems.
2. Demonstrate a working knowledge of property settlements under §1041 by explaining:
   a. its application to interspousal and third party transfers,
   b. the factors that determine whether or not a property transfer is incident to divorce under §1041,
   c. property basis for the transferor and transferee spouse under §1041.
3. Discuss and suggest remedies for the deferred tax pitfall of §1041 by:
   a. describing the deferred tax liability of interspousal purchases,
   b. explaining the tax deferral of §1031 exchanges,
   c. listing the key elements of the home sale exclusion and how to apply it;
   d. pointing out benefit distribution problems and the tax advantages of QDROs.

Revision Date: 3/19/2024

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

This course is specifically for Enrolled Agents that need to report to the IRS.

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 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:

• Individual ownership & sole proprietorships
• Corporations
• Trusts & co-tenancies
• Co-tenancy taxation, percentage interests & partition
• Partnership taxation & recapitalization
• Family partnerships
• Limited liability companies
• Retirement plans
• Custodianship
• Estate

Learning Objectives

After reading the materials, participants will be able to:

1. 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;
2. Differentiate between the types of joint ownership, describe how to use the benefits of partnerships, trusts and limited liability companies to hold property;
3. List the various retirement plans and how they can be used to provide substantial lifetime benefits to a business owner and to employees.

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

This course is specifically for Enrolled Agents that need to report to the IRS.

Course Description

The IRS, one of the world's largest tax administrators, collected about $4.7 trillion in taxes from 275 million annual returns in FY 2023. However, with an estimated $574 billion in back taxes uncollected in 2023, the IRS, also the world's largest collection agency, actively seeks payment of tax debts. The IRS can collect back taxes for 10 years from the date of assessment. To collect delinquent tax debt, the IRS may take a series of actions, such as filing a Notice of Federal Tax Lien, levying assets (e.g. wages, bank accounts), and offsetting federal tax refunds, unless taxpayers make arrangements to settle their debt. Tax resolution is the process of developing and implementing a solution to solve a taxpayer's IRS problem.  
Since every tax situation is unique, this course is designed to help you understand several methods used by tax professionals to resolve tax disputes with the IRS and reduce tax liabilities allowed by law. It is divided into five parts. Part I identifies taxpayers' rights and responsibilities under the law. It discusses the role of taxpayers and the "Taxpayer Bill of Rights" by describing what taxpayers can expect if they need to work with the IRS. Part II explores practical options, such as payment plans, Offers in Compromise, and delay collection request, for taxpayers who cannot pay in full immediately. It also identifies common reasons the IRS might consider penalty abatement. The statute of limitations on a tax debt is explained.
Part III focuses on IRS collection actions. It explains how the IRS determines taxpayers' ability to pay delinquent tax liabilities. It also covers everything taxpayers need to know about lien and levies from the IRS filing criteria, procedures, consequences, and how to remove them. Part IV addresses the IRS long-term payment plan (Installment Agreement) by explaining different payment options, ways to apply, and how to deal with defaulted payment plans. Part V discusses how to settle taxes with Offers in Compromise by explaining submission rules, how to prepare a Collection Information Statement, and the IRS evaluation process. The course includes many examples to help you understand tax rules and procedures.

Field of Study    Taxes
Level of Knowledge    Overview
Prerequisite    None
Advanced Preparation    None

Revision date:  9/4/2024

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

This course is specifically for Enrolled Agents that need to report to the IRS.

This presentation integrates federal taxation with overall financial planning. The course will explore 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. This course will give the participant practice in analyzing problems, developing solutions, and presenting final personal financial plans to clients. The emphasis is on practical simplicity in dealing with the self-employed and highly compensated individual.

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%
 

Click Here For Course Objectives

Revision Date: 9/4/2024

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

This course is specifically for Enrolled Agents that need to report to the IRS.

This informative course covers traditional planning tools and their utilization to protect assets. The Uniform Fraudulent Conveyance Act, the Bankruptcy Code and various aspects of the tax law are highlighted in describing asset protection aspects of corporations, partnerships, limited liability companies, family partnerships, trusts, retirement plans, insurance products and other conventional tools. Special topics include: protection against lawsuits, costs of long-term illness, divorce settlements, foreign asset protection trusts, statutory protections, homestead provisions, exempt assets, cancellation of indebtedness taxation and marital agreements.

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%
 

Revision Date:  8/29/24

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

This course is specifically for Enrolled Agents that need to report to the IRS.

This course will teach participants how to apply, implement, and evaluate the strategic tax aspects of marital dissolutions and living together arrangements. Current perspectives on property transfers, asset divisions, alimony, filing status, exemptions, and child support are examined with an emphasis on planning considerations. Property settlements, basis allocation, third party transfers, and purchases between spouses are explored and analyzed. Special attention is given to the division of business interests, retirement plans (including QDROs), insurance policies, and the family residence.

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%

Click here for Course Objectives

Revision Date:  7/24/2024

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

This course is specifically for Enrolled Agents that need to report to the IRS.

"Just the facts ma'am; just the estate planning facts." Designed to give a quick overview of estate planning essentials, this course surveys wills, living trusts, gifts, marital property, and probate avoidance with an Internet flair. Will and trust types are examined in the context of general estate and gift taxation. Designed to eliminate estate problems and death taxes, the emphasis is on practical solutions that are cost effective. Talk about having it all in an overview course - there is even a quick review of immediate postmortem death tax planning and filling out the Form 706.

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%

Click Here For Course Objectives

Revision Date: 10/16/2024

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

This course is specifically for Enrolled Agents that need to report to the IRS.

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. Retirement income needs are calculated; net after tax Social Security benefits are determined; and distribution options from IRAs and retirement plans are explored. Special consideration is given to the tax treatment of the home and business on retirement. Buy-sell agreements are discussed and eldercare planning is examined.

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%

Click Here for Course Objectives

Revision Date: 2/27/2024

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

This course is specifically for Enrolled Agents that need to report to the IRS.

Taxes aren't taxes - they are dollars in terms of the net return on investment. All tax professionals need to know the tax-economics of investing for themselves and their clients. This need is accentuated by the rapid rise of the Internet as a broad-based and effective investment tool.

The tax professional is in a special position to detect a client's need for financial planning. Preparing returns discloses assets, savings, business entities, and family members. Knowledge of the client's assets, activities and the tax characteristics of available entities permits investment matching for maximum after-tax return.

The basic tax characteristics of the primary tax entities are explored and analyzed. Their ability to defer, reduce, and eliminate tax is examined. Client goals, purposes and risk tolerances are determined and quanitated using the Sharp ratio. Investments and assets are then evaluated using a variety of tools found on the Internet. Finally, investments and entities are matched to produce the best after-tax return for the client.

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%

Click Here For Course Objectives

Revision Date: 10/16/2024

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

This course addresses the practical aspects of §469 and the needed skill to handle pragmatic issues. Fundamentals are reviewed, planning opportunities identified, creative strategies discussed and evaluated along with remaining traditional approaches. The goal of this instructive program is to understand and solve problems under §469, with emphasis on tax savings ideas. Readers will overview the proper administration of this complex and often cumbersome provision.

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%

Click Here For Course Objectives

Revision Date: 10/17/2024

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

This course is specifically for Enrolled Agents that need to report to the IRS.

This presentation integrates federal taxation with overall financial planning. The course will explore 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. This course will give the participant practice in analyzing problems, developing solutions, and presenting final personal financial plans to clients.

The course surveys wills, living trusts, gifts, marital property, and probate avoidance. Will and trust forms are explored along with living wills, durable powers of attorney, and nominations of conservator. Designed to eliminate estate problems and death taxes, the emphasis is on practical solutions that are cost effective.

Course Level: Overview. This program is appropriate for professionals at all organizational levels.  
Field of Study: Taxes
Prerequisite: General understanding of estate and gift taxation.
Advanced Preparation: None
Passing Percentage: 70%

Click Here for Course Objectives

Revision Date: 3/14/2023

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

This course is specifically for Enrolled Agents that need to report to the IRS.

While accounting and the practice of law are separate professions, the accountant must be conversant with essential legal concepts. Modern accounting practice requires familiarity with corporate legal structure, business entities, partnership operations, contracts, property rights, employment law, divorce, consumer protection, will & trusts, and even bankruptcy law. This course explores these specific areas with emphasis on business and accounting issues. This informal and clear guide to the basic concepts of business law provides accountants with an excellent review of legal concepts that arise in any tax professional’s practice. The attendees will gain the ability to recognize and discuss general legal concepts with both client and their counsel.

Knowledge is power and nowhere is that truer than in the field law. To gain such a working knowledge of law, readily understandable explanations are given to essential and related business law subjects. The accountant is guided through the complex maze of literally hundreds of legal principles from acceptance to zoning.

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%

Click Here for Course Objectives

Revision Date: 8/29/24

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

This course is specifically for Enrolled Agents that need to report to the IRS.

While tax reform visions have changed the tax on profits realized from the disposition of real estate, investors still seek escape hatches from the capital gain tax. 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. Participants will be able to identify, analyze, and handle effectively the complex tax problems that arise under 1031. This understanding will be directly applied to the structuring and audit survival of multi-party and delayed exchanges.

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%
 

Click Here For Course Objectives

Revision Date: 8/29/24

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

This course is specifically for Enrolled Agents that need to report to the IRS.

This course brings the practitioner up-to-date information on tax issues affecting interest and debt. It covers the definition of bona fide debt, the avoidance of equity and lease treatment, imputed interest rates and debt modification. The various types of interest and their required allocation are explored and reviewed. For the economically troubled client, special attention is devoted to debt cancellation, repossession, discounts, and foreclosure. The program also discusses installment sales, equity participation debt, taxable interest, and bad debts.

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%

Click Here For Course Objectives

Revision Date: 10/2/2024

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

This course is specifically for Enrolled Agents that need to report to the IRS.

Throw away the tax Code and regulations and make sense of estate planning. Learn how to structure an effective estate plan using a highly visual, real-life situation approach. Diagrams, charts, tables, and calculation sheets are used to present key elements of any successful estate plan - from the simplest to the most complex.

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%

Click Here For Course Objectives

Revision Date: 10/16/24

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

This course is specifically for Enrolled Agents that need to report to the IRS.

This course will teach participants how to apply, implement, and evaluate the strategic tax aspects of marital dissolutions and living together arrangements. Current perspectives on property transfers, asset divisions, alimony, filing status, exemptions, and child support are examined with an emphasis on planning considerations. The cancellation of indebtedness income inclusion rules are examined in the context of debt forgiveness and property foreclosure. Emphasis is given to the exceptions from income inclusion contained in §108. The tax treatment of property repossession under §1038 is explored with detail given to the calculation of gain and received property basis. Finally, bad debt treatment under §166 is reviewed and critical distinctions made between business and nonbusiness debts.

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%

Click Here For Course Objectives

Revision Date:  10/16/2024

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

This course is specifically for Enrolled Agents that need to report to the IRS.

In this mini-course, initial marital tax matters such as living together, property rights, premarital agreements, filing status, exemptions, and dependents are explored. The detail 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.