- Preparing A Stress Free Form Seventy-Two-Oh-Three:
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This detailed program provides tax professionals with essential knowledge and practical skills to accurately prepare and file Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations. Participants will gain insights into the purpose of the form, identify the taxpayers who must file it, and understand the basics of S-Corp stock basis and debt basis. The program also includes a review of the form and practical examples to ensure a comprehensive understanding.
- Divorce: Untying the Knot
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This comprehensive program provides tax professionals with the knowledge and skills needed to navigate the complexities of divorce-related tax issues. Participants will learn how to determine the appropriate filing status, identify custodial and noncustodial parents, and understand the tax implications of property settlements and retirement plans. The program also covers the distinctions between innocent and injured spouse claims and explores post-divorce tax issues, including conflict of interest and other relevant concerns.
- Weird Science: Ethics & the Misuse of AI in the Tax Practice :
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The rapid advancement of artificial intelligence (AI) has significant implications for the tax profession. As a tax professional,
it is essential to understand both the benefits and ethical challenges associated with the use of AI in tax practice. This continuing education course aims to provide tax practitioners with a comprehensive understanding of the ethical considerations and potential misuse of AI in the tax field. Through case studies, discussions, and practical examples, participants will gain insights into the responsible use of AI and how to navigate the ethical dilemmas that may arise while considering the impact of Circular 230, personally identifiable information, Graham Leech
Bliley Act, Safeguards Rule, and IRC 7216.
- Short-Term Rentals: AirBNB, VRBO and Others:
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This program provides tax professionals with a comprehensive overview of the tax implications related to short-term rentals, including platforms such as AirBNB and VRBO. Participants will learn how to report rental income and expenses, calculate personal use days, and apply tax-free rental rules. The program will also cover the differences between ordinary services and significant services, the implications of providing such services, and how to handle dual-use properties for tax purposes.
- Reporting Investment Income - Part 1:
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This in-depth program provides tax professionals with the necessary skills and knowledge to accurately report various forms of investment income. Covering topics such as the sales of stocks and mutual funds, different types of dividends, DRIPs, and the tax treatment of bonds, participants will gain a comprehensive understanding of how to handle investment income on tax returns. The program also delves into the specifics of cryptocurrency investments and the tax advantages for traders versus investors.
- Reporting Investment Income – Part 2:
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This is a continuation of the earlier "Reporting Investment Income - Part 1."
- Tax Basis of Assets:
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This program provides tax professionals with a comprehensive understanding of the tax basis of assets. The session will cover the foundational concepts of cost basis, adjusted basis, and basis other than cost. Participants will learn to accurately determine the basis of various types of assets, including real property, stocks, bonds, digital assets, and more. This knowledge is essential for proper tax reporting and compliance, as well as for advising clients on the tax implications of their asset transactions.
- Installment Sales: The Taxation of Delayed Gratification:
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This program is designed to provide tax professionals with a comprehensive understanding of the tax implications and reporting requirements of installment sales. Participants will gain insights into the mechanics of installments sales, including the calculation of gross profit, contract price, and the allocation of principal and interest. The program will also cover the treatment of installment sales for different types of property, exceptions to installment reporting, and the impact of related party transactions. Practical examples and case studies will be used to illustrate the application of installment sale rules.
Electronic materials are included with registration fees and will be emailed to registrants prior to the event.
Meals are included with registration fees. Guest meals are available for a $40 fee (this covers both days).
Cancellations must be submitted to NATP by September 20, 2024 and are subject to a $75 fee.
All tax preparers are responsible to verify the number of credits they receive each year and the related state or federal reporting requirements to maintain their credentials.
