Day 1
The Essential 1040
Course Level: Update
Prerequisite: Basic knowledge of preparing Form 1040
Advance Preparation: None
Delivery Method: Group-Live
|
CPE Credits |
Designation |
Field of Study |
| IRS * |
3 |
EA |
Federal Tax Law Update |
|
3 |
|
Federal Tax Law Topic |
|
2 |
|
Ethics |
| NASBA |
6 |
CPA |
Taxes |
|
2 |
|
Regulatory Ethics |
| CTEC |
3 |
CRTP |
Federal Tax Law Update |
|
3 |
|
Federal Tax Law Topic |
|
2 |
|
Ethics |
| CFP Board |
6 |
CFP® |
Income Tax Planning |
* NATP will report CPE credits to the IRS for all PTIN holders. CPE is currently not mandatory for RTRPs or RTRP candidates and any option to register or participate in this program is strictly voluntary.
For 28 years NATP has been providing the best tax update in the country to prepare professionals for the coming tax season. This tradition of excellence will continue in 2013. This course covers the standard features of the inflation-indexed updates for preparing individuals’ 2013 tax returns, new tax laws applicable to 2013 and recent developments. This is combined with two hours of Ethics.
Upon completion of this course, the learner will be able to:
- Apply inflation-adjusted amounts for 2013 individual tax returns.
- Identify expiring tax provisions.
- Identify new federal tax laws that have passed since 2012.
- Identify federal tax provisions first taking effect in 2013.
- Apply the latest court and IRS rulings to taxpayers’ current situations.
- Implement tax strategies for clients in light of new developments.
- Explain a tax professional’s responsibility to provide records in an IRS compliance check.
- Apply ethics as it relates to a tax practice and practice before the IRS under Circular 230.
- Distinguish between limited practice and the full right to practice.
- Identify the various penalties that can be assessed on a tax return preparer.
- Explain the due diligence requirements for earned income tax credit (EIC).
Day 2
Beyond the 1040
Course Level: Intermediate
Prerequisite: Basic knowledge of individual taxation
Advance Preparation: None
Delivery Method: Group-Live
|
CPE Credits |
Designation |
Field of Study |
| IRS * |
8 |
EA |
Federal Tax Law Topic |
| NASBA |
8 |
CPA |
Taxes |
| CTEC |
8 |
CRTP |
Federal Tax Law Topic |
| CFP Board |
8 |
CFP® |
Income Tax Planning |
* NATP will report CPE credits to the IRS for all PTIN holders. CPE is currently not mandatory for RTRPs or RTRP candidates and any option to register or participate in this program is strictly voluntary.
Take the extra step in getting ready for this year’s filing season. This course enhances the tax preparer’s knowledge of tax preparation by examining topics that impact many taxpayers. What happens if a taxpayer is delinquent in paying their taxes? This course explains how to help as well as covering various complexities with Schedule C, Profit or Loss from Business. Has a taxpayer experienced a casualty or disaster? Learn about details surrounding casualty and disasters and assistance that is available to taxpayers.
Upon the completion of this course, the learner will be able to:
- Calculate and report a gain or loss from the disposition of business property.
- Identify the tax implications of hiring a sole proprietor’s spouse or child.
- Calculate and report a sole proprietor’s contribution to a retirement plan.
- Identify loss limitations that apply to sole proprietors.
- Identify casualty and disaster losses.
- Determine how to handle insurance reimbursements and disaster payments.
- Explain how to reconstruct a taxpayer’s records.
- Calculate and report the loss on Form 4684, Casualties and Thefts.
- Calculate the basis of replacement property
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