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Steve O'Rourke, EA

 
 
 

Bio

Steve O’Rourke is an enrolled agent and has over 25 years of experience teaching seminars for NATP. He also owns and operates a tax and accounting practice which currently services more than 2,300 clients. Steve has over 35 years of experience in tax preparation and related fields. He earned his Bachelor of Business Administration (BBA) degree from the University of Wisconsin-Oshkosh. In 2002, Steve completed serving a three-year term on the NATP Board of Directors.

 Instructor's Courses

 

 

On-Demand WebinarCalculate S Shareholder Stock Basis<h3>Summary</h3> <p>Basis in flow-through entities is an overwhelming and often misunderstood topic. Tax preparers and taxpayers often ask “Who is supposed to keep track of the shareholder’s basis?”. The technical answer is the shareholder, but the best answer is the tax preparer preparing the shareholder’s individual income tax return. Don’t let S corporation shareholder basis scare you by attending this webinar to get the skills you need to calculate shareholder stock basis. </p> <iframe src="//fast.wistia.net/embed/iframe/d5fxc0dj3z" allowtransparency="true" frameborder="0" scrolling="no" class="wistia_embed" name="wistia_embed" allowfullscreen mozallowfullscreen webkitallowfullscreen oallowfullscreen msallowfullscreen width="240" height="135"></iframe> <script src="//fast.wistia.net/assets/external/E-v1.js" async></script> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Calculate a shareholder’s initial stock and debt basis.</li> <li>Adjust a shareholder’s stock and debt basis annually.</li> <li>Recognize when the shareholder has loaned or contributed money to the S corporation.</li> <li>Determine the timing and ordering rules for basis adjustments.</li> <li>Explain how distributions from an S corporation are taxed.</li> <li>Determine the result of repaying reduced-basis debt.</li> <li>Identify the implications of at-risk and passive loss limitations.</li> </ul><h3>Course Details</h3> Includes webinar recording, PowerPoint presentation and Q&A webinar transcript. CPE is issued after exam is successfully completed.2016-10-11T04:00:00Z2017-12-31T05:00:00ZBasic knowledge of Form 1120S preparation2016-10-11T04:00:00Z0N/AODW1616Intermediate2Federal Tax Law Topic2016-10-11T04:00:00ZQAS Self Study$55 for Members and $67 for Nonmembers2Federal Tax Law Topic22TaxesNoneSteve O'Rourke, EAhttp://www.natptax.com/EventsAndEducation/About/Pages/StevenO%27Rourke%2cEA.aspxFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPon-demand webinar20162017-12-31T05:00:00Z
Online WorkshopEA Exam Review Course: Part I Online Workshop<h3>Summary</h3> <p>Earning your EA designation is a professional milestone that recognizes that you have demonstrated tax competence and have earned the right to represent all clients regarding federal tax matters. Ready to take the next step in your career? This online workshop is designed to help you prepare for and pass Part I: <i>Individual Taxation</i> of the IRS Special Enrollment Examination (SEE). Part I covers individuals; individual income, deductions and credits; individual taxation; estate tax and gift tax. In this workshop, you’ll not only learn how to take the test and pass it, but also how to apply the concepts to your practice.</p> <p>All references to the examination and this course are to the Internal Revenue Code as amended through December 31, 2016, and is applicable for those taking the exam between May 1, 2017 and February 28, 2018. </p> <h3>Objectives</h3> <p>Upon completion of this course, you'll be able to: <ul> <li>Assess information from the prior year return to correctly report current year information.</li> <li>Identify criteria that require an individual to file an income tax return to comply with federal law.</li> <li>Determine if a person meets the definition of a qualifying child or a qualifying relative so the taxpayer can claim the person as a dependent.</li> <li>Identify items of reportable income and expenses for individual taxpayers.</li> <li>Calculate taxable income from retirement plan or IRA distributions to provide the taxpayer with maximum basis recovery.</li> <li>Differentiate between a refundable credit and a nonrefundable credit to provide the taxpayer with the minimum tax due.</li> <li>Categorize the sale or disposition of assets to properly classify and report gain or loss.</li> <li>Analyze the tax consequences of gifting either cash or property.</li> <li>Identify the primary filing obligations of a deceased taxpayer.</li> </ul> <h3>Course Details</h3> <p>This online workshop includes: <ul> <li>E-Book</li> <li>Online Workshop Recording </li> <li>Study Guides</li> <li>Interactive Exercises and Review Questions</li> <li>Electronic Flashcards</li> <li>Practice Exams</li> </ul>2017-04-13T04:00:00Z2018-02-28T05:00:00ZNone2017-04-13T04:00:00Z0N/AOW1701Intermediate5Federal Tax Law Topic2017-05-10T04:00:00ZGroup Internet Based$141 for Members and $165 for Nonmembers5Federal Tax Law Topic00N/ABasic knowledge of federal taxationSteve O'Rourke, EAhttps://www.natptax.com/EventsAndEducation/About/Pages/StevenO%27Rourke%2cEA.aspxN/A5 CPE for AFSP, CRTPonline workshop20172018-02-28T05:00:00Z
Online WorkshopEA Exam Review Course: Part II Online Workshop<h3>Summary</h3> <p>Earning your EA designation is a professional milestone that recognizes that you have demonstrated tax competence and have earned the right to represent all clients regarding federal tax matters. Ready to take the next step in your career? This online workshop is designed to help you prepare for and pass Part II: <i> Businesses </i> of the IRS Special Enrollment Examination (SEE). Part II covers business entities; business income, expenses, deductions and credits; trust and estate tax returns; exempt organizations; retirement plans and farmers. In this workshop, you’ll not only learn how to take the test and pass it, but also how to apply the concepts to your practice.</p> <p>All references to the examination and this course are to the Internal Revenue Code as amended through December 31, 2016, and is applicable for those taking the exam between May 1, 2017 and February 28, 2018. </p> <h3>Objectives</h3> <p>Upon completion of this course, you'll be able to: <ul> <li>Differentiate between different types of business structures to assist taxpayers in choosing a business entity.</li> <li>Categorize business income and business expenses for proper reporting.</li> <li>Calculate asset depreciation to account for wear and tear on assets.</li> <li>Distinguish items that affect basis in the entity from items that do not affect basis so to properly allow business losses.</li> <li>Analyze how tax requirements and limitations affect business tax planning.</li> <li>Analyze business records to adhere to recommended recordkeeping procedures.</li> <li>Analyze trust documents to determine appropriate filing procedures.</li> <li>Describe provisions unique to farmers and other specialized taxpayers.</li> </ul> <h3>Course Details</h3> <p>This online workshop includes: <ul> <li>E-Book</li> <li>Online Workshop Recording</li> <li>Study Guides</li> <li>Interactive Exercises and Review Questions</li> <li>Electronic Flashcards</li> <li>Practice Exams</li> </ul>2017-04-13T04:00:00Z2018-02-28T05:00:00ZNone2017-04-13T04:00:00Z0N/AOW1702Intermediate5Federal Tax Law Topic2017-05-24T04:00:00ZGroup Internet Based$141 for Members and $165 for Nonmembers5Federal Tax Law Topic00N/ABasic knowledge of federal business taxationSteve O'Rourke, EAhttps://www.natptax.com/EventsAndEducation/About/Pages/StevenO%27Rourke%2cEA.aspxN/A5 CPE for AFSP, CRTPonline workshop20172018-02-28T05:00:00Z
Online WorkshopEA Exam Review Course: Part III Online Workshop<h3>Summary</h3> <p>Earning your EA designation is a professional milestone that recognizes that you have demonstrated tax competence and have earned the right to represent all clients regarding federal tax matters. Ready to take the next step in your career? This online workshop is designed to help you prepare for and pass Part III: <i>Representation, Practices and Procedures </i> of the IRS Special Enrollment Exam (SEE). Part III covers representation before the IRS, the specific types of representation and IRS rules and penalties. In this workshop, you’ll not only learn how to take the test and pass it, but also how to apply the concepts to your practice.</p> <p>All references to the examination and this course are to the Internal Revenue Code as amended through December 31, 2016, and is applicable for those taking the exam between May 1, 2017, and February 28, 2018. </p> <h3>Objectives</h3> <p>Upon completion of this course, you'll be able to: <ul> <li> Summarize what constitutes practice before the IRS.</li> <li>Identify who can practice before the IRS.</li> <li>Distinguish what constitutes a sanctionable act as related to duties and restrictions on practice before the IRS.</li> <li>Identify supporting documentation and legal authority that can strengthen a taxpayer’s position.</li> <li>Identify types of taxpayer tax information available in transcripts from the IRS.</li> <li>Identify the various tools available in countering the IRS collection process.</li> <li>Apply safeguards to comply with recordkeeping and records maintenance requirements while at the same time maintaining taxpayer confidentiality.</li> </ul> <h3>Course Details</h3> <p>This online workshop includes: <ul> <li>E-Book</li> <li>Online Workshop Recording</li> <li>Study Guides</li> <li>Interactive Exercises and Review Questions</li> <li>Electronic Flashcards</li> <li>Practice Exams</li> </ul>2017-04-13T04:00:00Z2018-02-28T05:00:00ZNone2017-04-13T04:00:00Z0N/AOW1703Intermediate2Ethics2017-06-15T04:00:00ZGroup Internet Based$61 for Members and $71 for Nonmembers2Ethics00N/ABasic knowledge of federal taxationSteve O'Rourke, EAhttps://www.natptax.com/EventsAndEducation/About/Pages/StevenO%27Rourke%2cEA.aspxN/A2 CPE for AFSP, CRTPonline workshop20172018-02-28T05:00:00Z
On-Demand WebinarIntermediate Partnerships<h3>Summary</h3> <p>Partnership taxation can be a complicated subject. They can operate as limited partnerships, limited liability companies or general partnerships. The form of business can alter a partner’s taxation. In addition, there are various elections made at the partnership level that serve as planning tools. This course furthers the knowledge of a learner who already has a basic understanding of partnership taxation. </p> <iframe src="//fast.wistia.net/embed/iframe/xlaso23o9c" allowtransparency="true" frameborder="0" scrolling="no" class="wistia_embed" name="wistia_embed" allowfullscreen mozallowfullscreen webkitallowfullscreen oallowfullscreen msallowfullscreen width="240" height="135"></iframe> <script src="//fast.wistia.net/assets/external/E-v1.js" async></script> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Differentiate between the different types of partnerships.</li> <li>Recognize tax basis capital accounts. </li> <li>List the important tax rules regarding special tax allocations.</li> <li>Summarize important rules regarding guaranteed payments. </li> <li>Identify a §754 election.</li> <li>Calculate basis adjustments required by a §754 election.</li> <li>Identify disguised sales. </li> <li>Prepare Form 1065 when one partner leaves in a two-partner partnership. </li> <li>Identify limited liability partners for purposes of self-employment tax. </li>&nbsp; <li>Prepare Form 8308.</li> <li>Prepare Form 1065 when a partner terminates an interest. </li> </ul> <h3>Course Details</h3> Includes online workshop recording, PowerPoint presentation, interactive module and e-book. CPE is issued after exam is successfully completed.2016-09-13T04:00:00Z2017-12-31T05:00:00ZBasic understanding of partnership taxation2016-09-13T04:00:00Z0N/AODW1627Intermediate8Federal Tax Law Topic2016-09-13T04:00:00ZQAS Self Study$213 for Members and $255 for Nonmembers8Federal Tax Law Topic88TaxesNoneSteve O'Rourke, EAhttp://www.natptax.com/EventsAndEducation/About/Pages/StevenO%27Rourke%2cEA.aspxFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTPon-demand webinar20162017-12-31T05:00:00Z
On-Demand WebinarPreparing Partnership Returns<h3>Summary</h3> <p>Tax professionals find this hands-on course is just what they need to expand their tax practice by preparing partnership returns. This course covers the basics of partnership taxation and completing a partnership return with accompanying schedules. Tax professionals also learn how to track partners’ basis in the partnership and the impact of partnership distributions.</p> <iframe src="//fast.wistia.net/embed/iframe/wzqgj76bfr" allowtransparency="true" frameborder="0" scrolling="no" class="wistia_embed" name="wistia_embed" allowfullscreen mozallowfullscreen webkitallowfullscreen oallowfullscreen msallowfullscreen width="240" height="135"></iframe> <script src="//fast.wistia.net/assets/external/E-v1.js" async></script> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify the pros and cons of a taxpayer forming a partnership.</li> <li>Identify the tax consequences of forming a partnership, including contributions of property or services.</li> <li>Analyze a partnership agreement and profit/loss allocations. </li> <li>Complete a basic Form 1065, including Schedules K, K-1, L, M-1 and M-2.</li> <li>Correctly report fringe benefits for partners, guaranteed payments and separately-stated items.</li> <li>Compute partnership net earnings (loss) from self-employment.</li> <li>Recognize items that increase or decrease partnership basis.</li> <li>Compute a partner’s end of year basis in a partnership.</li> <li>Determine which liabilities increase a partner’s at-risk basis.</li> <li>Analyze distributions from a partnership for tax reporting.</li> </ul> <h3>Course Details</h3> Includes online workshop recording, PowerPoint presentation, interactive module and e-book. CPE is issued after exam is successfully completed.2016-09-13T04:00:00Z2017-12-31T05:00:00ZNone2016-09-13T04:00:00Z0N/AODW1626Basic8Federal Tax Law Topic2016-09-13T04:00:00ZQAS Self Study$213 for Members and $255 for Nonmembers8Federal Tax Law Topic88TaxesNoneSteve O'Rourke, EAhttp://www.natptax.com/EventsAndEducation/About/Pages/StevenO%27Rourke%2cEA.aspxFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTPon-demand webinar20162017-12-31T05:00:00Z
Tax WorkshopS Corporation Workshop - Houston, TX - August 24-25, 2017<h3>Preparing S Corporations</h3> <p>Many taxpayers utilize S corporations to reduce taxes. Tax professionals who are familiar with individual tax returns can find preparation of their first S corporation tax return daunting. This course is for tax professionals adding the preparation of S corporation returns to their business, and for tax professionals simply looking to get up to speed on the most common areas of S corporation taxation. If you are one of these tax professionals, take this course to receive the knowledge necessary to accurately prepare Form 1120S, <i>U.S. Income Tax Return for an S Corporation</i>, and the schedules that accompany this form. This course guides you through the actual preparation of Form 1120S in an illustrative example starting with a trial balance.</p> <h3>Intermediate S Corporations</h3> <p>This hands-on course is ideal for tax professionals who have prepared S corporation returns and are looking to improve their skills to better assist clients with their continuing needs. In order to become more proficient in S corporations, it is imperative to know more than how to prepare Form 1120S. Topics covered include reasonable compensation, built-in-gains tax, distributions, shareholder basis, shareholder loss limitations, ownership changes, and liquidation issues.</p> <h3>Course Details </h3> <p>You’ll receive a textbook on-site at the workshop when you check in. If you’d prefer to review the material prior, you will have access to the e-book in <a href="http://www2.natptax.com/eWeb/DynamicPage.aspx?WebCode=AbsorbRedirector&_redirect=courses">My Course Materials</a>.</p>2017-04-18T04:00:00Z2017-12-31T05:00:00Z2017-04-18T04:00:00Z2017-04-18T04:00:00Z2017-04-18T04:00:00ZHoustonTW17132017-04-18T04:00:00Z2017-04-18T04:00:00Z2017-04-18T04:00:00Z225 N. Sam Houston Parkway EastHoustonHouston Marriott North(281) 875-4000TXhttp://www.marriott.com/hotels/travel/hougp-houston-marriott-north/?scid=45f93f1b-bd77-45c9-8dab-83b6a417f6fe77060Steve O'Rourkehttps://www.natptax.com/EventsAndEducation/About/Pages/StevenO%27Rourke%2cEA.aspxTXlive workshop20172017-08-24T12:00:00Z2017-08-24T12:00:00Z2017-08-25T12:00:00Z
Tax WorkshopS Corporation Workshop - Overland Park, KS - August 21-22, 2017<h3>Preparing S Corporations</h3> <p>Many taxpayers utilize S corporations to reduce taxes. Tax professionals who are familiar with individual tax returns can find preparation of their first S corporation tax return daunting. This course is for tax professionals adding the preparation of S corporation returns to their business, and for tax professionals simply looking to get up to speed on the most common areas of S corporation taxation. If you are one of these tax professionals, take this course to receive the knowledge necessary to accurately prepare Form 1120S, <i>U.S. Income Tax Return for an S Corporation</i>, and the schedules that accompany this form. This course guides you through the actual preparation of Form 1120S in an illustrative example starting with a trial balance.</p> <h3>Intermediate S Corporations</h3> <p>This hands-on course is ideal for tax professionals who have prepared S corporation returns and are looking to improve their skills to better assist clients with their continuing needs. In order to become more proficient in S corporations, it is imperative to know more than how to prepare Form 1120S. Topics covered include reasonable compensation, built-in-gains tax, distributions, shareholder basis, shareholder loss limitations, ownership changes, and liquidation issues.</p> <h3>Course Details </h3> <p>You’ll receive a textbook on-site at the workshop when you check in. If you’d prefer to review the material prior, you will have access to the e-book in <a href="http://www2.natptax.com/eWeb/DynamicPage.aspx?WebCode=AbsorbRedirector&_redirect=courses">My Course Materials</a>.</p>2017-04-18T04:00:00Z2017-12-31T05:00:00Z2017-04-18T04:00:00Z2017-04-18T04:00:00Z2017-04-18T04:00:00ZOverland ParkTW17102017-04-18T04:00:00Z2017-04-18T04:00:00Z2017-04-18T04:00:00Z10100 College Blvd.Overland ParkDouble Tree Kansas City Overland Park(913) 451-6100KShttp://doubletree3.hilton.com/en/hotels/kansas/doubletree-by-hilton-hotel-kansas-city-overland-park-MCIMSDT/index.html#66210Steve O'Rourkehttps://www.natptax.com/EventsAndEducation/About/Pages/StevenO%27Rourke%2cEA.aspxKSlive workshop20172017-08-21T12:00:00Z2017-08-21T12:00:00Z2017-08-22T12:00:00Z

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