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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
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

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