Premium Online Education Pass

This package is only available to Premium members and includes every live and on-demand webinar available, every self-study, every online workshop, and approximately 250 credits available. You have access to everything during your membership year, whether it's new or last year's education.

Education List

 

 

On-Demand WebinarQBI and Choosing a Business Entity On-Demand Webinar<h3>Summary</h3> <p>In this on-demand webinar, we’ll review Qualified Business Income (QBI) from the standpoint of the entity and complete several case studies that involve QBI and decisions related to entity selection. Help your business clients navigate the changing tax laws to maximize deductions for partners and shareholders.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Outline the new rules regarding Qualified Business Income (QBI). </li> <li>Identify which taxpayers can take the deduction for QBI.</li> <li>Calculate QBI.</li> <li>Calculate the QBI deduction.</li> <li>Identify the filing requirements for entities passing through QBI to partners or shareholders.</li> <li>Correctly report income and expenses to adhere to new QBI rules.</li> <li>Complete Forms 1065 and 1120S for clients with QBI.</li> <li>Apply entity selection knowledge to case studies.</li> </ul> <h3>Course Details</h3> <p>This webinar includes the e-book, exam questions, live webinar recording with review questions, and supplemental materials. CPE is issued after exam is successfully completed.</p>2018-05-15T04:00:00Z2019-12-31T05:00:00ZNone2018-05-16T04:00:00Z0N/AODW1838BIntermediate8Federal Tax Law Topic2018-05-16T04:00:00ZQAS Self StudyPremium: $0 | Professional: $224 | Basic: $284 | Nonmember: $2998Federal Tax Law Topic88TaxesBasic knowledge of federal income taxationRandy Lawshé, EAhttps://www.natptax.com/EventsAndEducation/About/Pages/RandyLawshé,EA.aspxFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTPon-demand webinar20182019-12-31T05:00:00Z
Self StudyAnnual Federal Tax Refresher Self Study<h3>Summary</h3> <p>Completion of the Annual Federal Tax Refresher course (AFTR) is a necessary step in obtaining an Annual Filing Season Program—Record of Completion. This Annual Federal Tax Refresher course covers federal tax law topics in three domains: New Tax Law/Recent Updates; General Review; and Practices, Procedures, and Professional Responsibility. To engage in limited practice, an unenrolled preparer must agree to adhere to the practice requirements of <i>Circular 230</i>. This AFTR course provides the information necessary to pass the examination and obtain the AFSP—Record of Completion. </p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Recognize new law provisions effective for the current tax year.</li> <li>Apply new law provisions and updated limitations as appropriate for the benefit of the taxpayer.</li> <li>Identify basic taxpayer information necessary to complete an average taxpayer's Form 1040.</li> <li>Identify preparer responsibilities in dealings with the IRS.</li> <li>Identify preparer responsibilities in dealings with clients.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book with interactive review questions. CPE is issued after the required 100 question, 3 hour exam is successfully completed.</p>2019-06-03T04:00:00Z2020-03-01T05:00:00ZNone2019-05-01T04:00:00Z0N/ASS1901Basic6Federal Tax Law Update2019-06-03T04:00:00ZQAS Self StudyPremium: $0 | Professional: $0 | Basic: $0 | Nonmember: $1126Federal Tax Law Update00N/ANoneN/A6 CPE for AFSP, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/2020%20Annual%20Federal%20Tax%20Refresher%20(AFTR)%20TOC.pdfself study20192020-12-31T05:00:00Z
On-Demand WebinarQBI Review On-Demand Webinar<h3>Summary</h3> <p>After a year of applying the qualified business income (QBI) deduction under our belts, we have a better understanding of how it impacts our business clients. During this workshop we will briefly review the requirements for the deduction, summarize additional guidance provided by the IRS over the past few months including the safe harbor provisions for rental properties, and apply those concepts to case studies. By the end, you’ll have a better understanding of the deduction’s benefits and limitations and be able to more accurately and effectively apply this deduction to your client’s 2019 returns. </p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Outline §199A deduction and how it works.</li> <li>Apply the threshold limits and how wages and qualified property impact the calculation.</li> <li>Identify basic taxpayer information necessary to complete an average taxpayer's Form 1040.</li> <li>Recommend when a client should or should not aggregate trade or businesses for purposes of §199A.</li> <li>Recognize the safe harbor requirements for rental activities.</li> </ul> <h3>Course Details</h3> <p>This course includes a student handout and an online workshop recording.</p>2019-06-05T04:00:00Z2019-12-31T05:00:00ZNone2019-04-15T04:00:00Z0N/AODW1943Intermediate4Federal Tax Law Topic2019-07-24T04:00:00ZGroup Internet BasedPremium: $0 | Professional: $112 | Basic: $142 | Nonmember: $1494Federal Tax Law Topic44TaxesKnowledge of federal income taxRandy Lawshé, EA<a href="https://www.natptax.com/EventsAndEducation/About/Pages/RandyLawshé,EA.aspx">https://www.natptax.com/EventsAndEducation/About/Pages/RandyLawshé,EA.aspx</a>Federal Tax Law Topic4 CPE for AFSP, EA, CPA, CRTPon-demand webinar20192020-12-31T05:00:00Z
On-Demand WebinarNonresidency to Residency Filing Quirks On-Demand Webinar<h3>Summary</h3> <p>As the U.S. gains more and more residents who are required to file taxes, there are more and more regulations on tax filing statuses because U.S. residents, citizens, and nationals are subject to tax on their worldwide income. The big question is, however, when an individual from another country comes to work in the U.S. under a visa, or simply moves to the U.S., are they are considered a citizen, resident, nonresident, or dual-status, and what are their tax filing obligations? This webinar reviews the process of determining what an individual's filing status is and what tax forms they need to file. Additionally, you'll learn other filing options to consider for when a U.S. taxpayer is married to a nonresident living either in the U.S. or abroad.</p> <iframe src="https://fast.wistia.net/embed/iframe/e3zjwq8xxs" title="Wistia video player" allowtransparency="true" frameborder="0" scrolling="no" class="wistia_embed" name="wistia_embed" allowfullscreen mozallowfullscreen webkitallowfullscreen oallowfullscreen msallowfullscreen width="640" height="360"></iframe> <script src="https://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>Describe the substantial presence test and green card test.</li> <li>Identify filing requirements for dual-status filers.</li> <li>Describe the difference between Form 1040 and 1040NR.</li> <li>Identify the treatment of nonresident spouses.</li> <li>Describe the types of visas and their effect on filing requirements.</li> </ul> <h3>Course Details</h3> <p>This webinar includes the presentation slides, exam questions, live webinar recording with review questions, and Attendee Top Questions. CPE is issued after exam is successfully completed.</p>2018-09-05T04:00:00Z2019-12-31T05:00:00ZNone2018-04-01T04:00:00Z0N/AODW1822Intermediate2Federal Tax Law Topic2018-09-28T04:00:00ZQAS Self StudyPremium: $0 | Professional: $60 | Basic: $76 | Nonmember: $802Federal Tax Law Topic22TaxesKnowledge of Federal Income TaxBetty Stehman, CPA, CIAhttps://www.natptax.com/EventsAndEducation/About/Pages/BettyStehman,CPA,CIA,CSA.aspxFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPon-demand webinar20182019-12-31T05:00:00Z
Self StudyIntroduction to Tax Preparation Self-Study<h3>Summary</h3> <p>If you are just starting out in the tax industry and need help preparing your first returns, this is the perfect solution. This course is great for those just starting their career and will cover the basics of tax with a step-by-step analysis of Form 1040 and certain accompanying schedules.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Correctly identify a taxpayer’s filing requirements and filing status.</li> <li>Determine who is eligible to be claimed as a dependent.</li> <li>Correctly report different types of income and adjustments to income.</li> <li>Compare itemized deductions and the standard deduction.</li> <li>Distinguish nonrefundable from refundable income tax credits.</li> <li>Calculate an individual tax client’s federal income tax liability.</li> <li>Complete Form 1040, Schedule A, and Schedule B.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T05:00:00Z0N/ASS1917Basic0N/A2019-06-01T04:00:00ZQAS Self StudyPremium: $0 | Professional: $322 | Basic: $408 | Nonmember: $42916Federal Tax Law Topic1616TaxesNoneFederal Tax Law Topic16 CPE for AFSP, EA, CPA/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/IntroductionToTaxPreparationTOC.pdfself study20192021-01-01T05:00:00Z
On-Demand WebinarReporting Investment Income for Individuals On-Demand Webinar<h3>Summary</h3> <p>Taxpayers have a variety of investment opportunities, but reporting and taxing the activity isn’t always straightforward. This webinar will teach you how to properly report investment activity reported on Consolidated Form 1099. You’ll also learn the differences between covered and non-covered securities and their reporting requirements. At the end, we’ll complete case studies to offer hands-on experience in outlining the treatment of investment income by preparing Form 8949 and Schedule D.</p> <iframe src="https://fast.wistia.net/embed/iframe/80po4spycg" title="Net Investment Income Tax Video" allowtransparency="true" frameborder="0" scrolling="no" class="wistia_embed" name="wistia_embed" allowfullscreen mozallowfullscreen webkitallowfullscreen oallowfullscreen msallowfullscreen width="640" height="360"></iframe> <script src="https://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 and summarize the reporting requirements for various components of a Consolidated Form 1099.</li> <li>Calculate capital gains and losses.</li> <li>Differentiate between short-term and long-term gains and losses.</li> <li>Distinguish between covered and noncovered securities.</li> <li>Review Form 8949 and Schedule D. </li> </ul> <h3>Course Details</h3> <p>This webinar includes the presentation slides, exam questions, live webinar recording with review questions, and Attendee Top Questions. CPE is issued after exam is successfully completed.</p>2019-02-15T05:00:00Z2019-12-31T05:00:00ZNone2019-02-15T05:00:00Z0N/AODW1907Basic2Federal Tax Law Topic2019-05-16T04:00:00ZQAS Self StudyPremium: $0 | Professional: $60 | Basic: $76 | Nonmember: $802Federal Tax Law Topic22TaxesNoneKate GoadFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPon-demand webinar20192021-01-01T05:00:00Z
On-Demand WebinarSection 754 Election Mechanics On-Demand Webinar<h3>Summary</h3> <p>When a new partner enters a business by purchasing partnership interest or inheriting it, a §754 election may be made to mitigate the departing partner’s tax consequences of selling the partnership. This election can be complex and many tax practitioners are unaware of the election’s potential value. This webinar will review the pros and cons of making the election, teach you how to calculate basis adjustments required by the election and how to properly report the election to the partner and on the partner’s return.</p> <iframe src="https://fast.wistia.net/embed/iframe/x3mgu2i6fg" title="Class Lives Video" allowtransparency="true" frameborder="0" scrolling="no" class="wistia_embed" name="wistia_embed" allowfullscreen mozallowfullscreen webkitallowfullscreen oallowfullscreen msallowfullscreen width="640" height="360"></iframe> <script src="https://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 what a §754 election is.</li> <li>Summarize the pros and cons to making the election.</li> <li>Identify how to properly make the election.</li> <li>Calculate basis adjustments required by the §754 election.</li> <li>Summarize properly reporting the §754 election to the partner.</li> <li>Summarize properly reporting the §754 election on the partner's return.</li> </ul> <h3>Course Details</h3> <p>This webinar includes the presentation slides, exam questions, live webinar recording with review questions, and Attendee Top Questions. CPE is issued after exam is successfully completed.</p>2019-02-15T05:00:00Z2019-12-31T05:00:00ZNone2019-02-15T05:00:00Z0N/AODW1918Advanced2Federal Tax Law Topic2019-07-11T04:00:00ZQAS Self StudyPremium: $0 | Professional: $60 | Basic: $76 | Nonmember: $802Federal Tax Law Topic22TaxesUnderstanding of partnershipsLawrence Zimbler, MST, EAhttps://www.natptax.com/EventsAndEducation/About/Pages/LawrenceZimbler,MST,EA.aspxFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPon-demand webinar20192021-01-01T05:00:00Z
On-Demand WebinarTax Treatment of Installment Sales Webinar<h3>Summary</h3> <p>An installment sale is an arrangement in which the seller allows the buyer to make payments over an extended period of time. Using this method, the seller may report the gain across several tax years, which has tax consequences. This webinar will review the requirements for a permitted installment method, its tax implications and reporting process.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Describe the requirements for an installment sale.</li> <li>Evaluate the effect of an installment sale.</li> <li>Correctly report an installment sale.</li> </ul> <h3>Course Details</h3> <p>This webinar includes the presentation slides, exam questions, live webinar recording with review questions, and Attendee Top Questions. CPE is issued after exam is successfully completed.</p>2019-02-15T05:00:00Z2019-12-31T05:00:00ZNone2019-02-15T05:00:00Z0N/AODW1934Basic2Federal Tax Law Topic2019-12-19T05:00:00ZQAS Self StudyPremium: $0 | Professional: $60 | Basic: $76 | Nonmember: $802Federal Tax Law Topic22TaxesNoneCheryl Morse, EAhttps://www.natptax.com/EventsAndEducation/About/Pages/CherylMorse,EA.aspxFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPon-demand webinar20192021-01-01T05:00:00Z
On-Demand WebinarEthics for Tax Preparers On-Demand Webinar<h3>Summary</h3> <p>Each year, tax preparers are presented with a number of ethical dilemmas, whether it be due to taxpayer actions or changes in tax law. The <i>Protecting Americans from Tax Hikes Act</i> (PATH) expanded due diligence requirements to cover more tax credits, including the Section 24 Child Tax Credit and the American Opportunity Tax Credit. This year, the requirements extend to claiming Head of Household filing status. <p>This webinar will review what you need to do to properly protect yourself, your practice and your clients, as well as what sorts of penalties the IRS imposes for ethical violations, by reviewing Circular 230 and the PATH Act.</p> <p>Circular 230 sets standards to prevent us from overstepping professional boundaries, including how to run your office, make decisions, determine what questions to ask clients and decide what records to rely on. By the end of this course, you will be able to identify the current IRS return preparer initiatives, preparer penalties and ethical standards important to tax return preparers.</p> <iframe src="https://fast.wistia.net/embed/iframe/775105pad3" title="Practice Before the IRS Video" allowtransparency="true" frameborder="0" scrolling="no" class="wistia_embed" name="wistia_embed" allowfullscreen mozallowfullscreen webkitallowfullscreen oallowfullscreen msallowfullscreen width="640" height="360"></iframe> <script src="https://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>Summarize the key points of Circular 230, <i>Regulations Governing Practice before the Internal Revenue Service</i>.</li> <li>Summarize the key points of the PATH Act due diligence requirements and how they apply to taxpayers.</li> <li>Identify preparer penalties.</li> <li>Summarize how to handle real life situations that emphasize due diligence.</li> <li>Outline best practices to ensure compliance with the tax law and due diligence.</li> </ul> <h3>Course Details</h3> <p>This webinar includes the presentation slides, exam questions, and webinar recording with review questions. CPE is issued after exam is successfully completed.</p>2019-06-18T04:00:00Z2019-12-31T05:00:00ZNone2019-06-18T04:00:00Z0N/AODW1945Basic2Ethics2019-07-01T04:00:00ZQAS Self StudyPremium: $0 | Professional: $0 | Basic: $0 | Nonmember: $802Ethics22Regulatory EthicsNoneLaura Strombom, EA, MBA, NTPI Fellowhttps://www.natptax.com/EventsAndEducation/About/Pages/Laura-Strombom%2c-EA-MBA-NTPI-Fellow.aspxEthics2 CPE for AFSP, EA, CPA, CRTPon-demand webinar20192021-01-01T05:00:00Z
On-Demand WebinarBasis Reconstruction - Be a Detective On-Demand Webinar<h3>Summary</h3> <p>National Conference in Chicago was a great success and we want to provide an opportunity to hear one of the more popular sessions from that event.</p><p>Reconstruction of a taxpayer's basis in an S corp or partnership to comply with the new Schedule E requirements can be a daunting task. This course will present a process that may make that job a bit easier.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Understand how basis in a pass-through entity is first established.</li> <li>Understand how basis in a pass-through entity is affected by the activities of the entity and the shareholder or partner.</li> <li>Know the differences in basis calculations for an S corp and a partnership.</li> <li>Use a tracking worksheet to apply adjustments to the taxpayer's basis in a pass-through entity each year.</li> </ul> <h3>Course Details</h3> <p>This webinar includes the presentation slides, exam questions, and session recording with review questions. CPE is issued after exam is successfully completed.</p>2019-09-30T05:00:00Z2020-12-31T06:00:00ZNone2019-09-30T05:00:00Z0N/AODW1947Intermediate2Federal Tax Law Topic2019-10-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $60 | Basic: $76 | Nonmember: $802Federal Tax Law Topic22TaxesKnowledge of federal income taxationJaye Tritz, EA, CFP®https://www.natptax.com/EventsAndEducation/About/Pages/JayeETritz%2cEA%2cCFP®.aspxFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPon-demand webinar20192020-12-31T06:00:00Z
On-Demand WebinarRetirement Plans for Self-Employed Taxpayers On-Demand Webinar<h3>Summary</h3> <p>Many taxpayers opt to be their own bosses instead of working for someone else. It’s an appealing option to set your own schedule and make all of the business decisions! However, this puts them in the position of providing “employee benefits” such as retirement plans for themselves and any other employees. Self-employed taxpayers have several retirement plan options such as a Simplified Employee Pension Plan (SEP), Savings Incentive Match Plan for Employees (SIMPLE) and 401K plans. We’ll review the pros and cons of each plan to determine which is the best option for yourself or your clients.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify the features of SEPs, SIMPLE IRAs, and §401(k) plans.</li> <li>Calculate the maximum annual contribution for various types of retirement plans.</li> <li>Compute the deduction for various types of retirement plan contributions.</li> <li>Identify the employer’s responsibility for maintaining and funding retirement plans.</li> </ul> <h3>Course Details</h3> <p>This webinar includes the presentation slides, exam questions, live webinar recording with review questions, and Attendee Top Questions. CPE is issued after exam is successfully completed.</p>2019-02-15T05:00:00Z2019-12-31T05:00:00ZNone2019-02-15T05:00:00Z0N/AODW1930Basic2Federal Tax Law Topic2019-11-14T05:00:00ZQAS Self StudyPremium: $0 | Professional: $60 | Basic: $76 | Nonmember: $802Federal Tax Law Topic22TaxesNoneJaye Tritz, EA, CFP®https://www.natptax.com/EventsAndEducation/About/Pages/JayeETritz,EA,CFP®.aspxFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPon-demand webinar20192021-01-01T05:00:00Z
On-Demand WebinarCybersecurity, Data Protection and Scams On Demand Webinar<h3>Summary</h3> <p>This session was recorded at a recent NATP live event. </p> <p>This topic is very relevant in today’s tax practice. The way we share tax information today is very different than just 10 years ago. Everyone has a client who has gotten a call from the "IRS.” You may have gotten one yourself. Scammers are sending very realistic "IRS” letters to taxpayers. The threats are becoming more sophisticated daily. Think of the damage that can be done gathering multiple taxpayers’ data from one source, the tax professional. You may have already experienced a breach and not even be aware of it. Frightening? This webinar addresses scams, threats, prevention, data security requirements and steps to take in the aftermath of a breach. The smaller your firm is, the more imperative it is to attend.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Recognize current tax scams.</li> <li>Be aware of IRS requirements for tax practice data security.</li> <li>Understand how to verify preparer/firm data.</li> <li>Become aware of possible threats to your firm.</li> <li>Assist clients who have been compromised.</li> <li>Format a response plan.</p> </ul> <h3>Course Details</h3> <p>This course includes presentation slides and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p> 2019-09-14T04:00:00Z2020-12-31T05:00:00ZNone2019-09-24T05:00:00Z0N/ABPEODW1904Basic2Federal Tax Law Topic2019-10-28T05:00:00ZGroup Internet BasedPremium: $0 | Professional: $0 | Basic: $0 | Nonmember: $802Federal Tax Law Topic22TaxesNoneCheryl Morse, EAhttps://www.natptax.com/EventsAndEducation/About/Pages/CherylMorse%2cEA.aspxFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPon-demand webinar20192020-12-31T05:00:00Z
Self StudyIntroduction to Trusts and Form 1041 Self-Study<h3>Summary</h3> <p>In this introductory self study course, you’ll gain a fundamental knowledge of trusts, including how and why various types of trusts are created, the rights and duties of the parties involved, and fiduciary income tax filing requirements. This course provides information on how to complete a basic income tax return for a trust by analyzing its income, deductions, and distributions during its existence and upon termination, including how to file Form 1041.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify the filing requirements for trusts.</li> <li>Recognize accounting periods available to trusts.</li> <li>Recognize accounting methods available to trusts.</li> <li>Calculate the appropriate estimated tax payments for a trust.</li> <li>Compute the basis of trust assets.</li> <li>Compute income in respect of a decedent.</li> <li>Distinguish between expenses that are subject to the 2%-of-AGI limitation and those that are not subject to the limit.</li> <li>Allocate deductions among income types.</li> <li>Summarize the tax effect of distributions made to beneficiaries and how income is allocated.</li> <li>Calculate distributable net income (DNI), fiduciary accounting income (FAI) and the income distribution deduction (IDD).</li> <li>Complete a basic Form 1041 and Schedule K-1, <i>Beneficiary’s Share of Income, Deductions, Credits, etc., for a trust</i>.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2018-04-01T04:00:00Z2018-12-31T05:00:00ZNone2018-09-14T04:00:00Z0N/ASS1818Basic8Federal Tax Law Topic2018-09-14T04:00:00ZQAS Self StudyPremium: $0 | Professional: $164 | Basic: $208 | Nonmember: $2198Federal Tax Law Topic88TaxesNoneFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2018/IntroToTrustsAndForm1041.pdfself study20182019-12-31T05:00:00Z
On-Demand WebinarQBI – The Impact Through Case Studies On-Demand Webinar<h3>Summary</h3> <p>Qualified Business Income (QBI) is a new 20% deduction, enacted by the Tax Cuts and Jobs Act. This deduction is available to several professions, but there are some limitations. This workshop will focus on the vast array of planning opportunities this tax law change presents to tax practitioners and their business clients. We will look at several case studies, giving examples of “below the threshold,” “in the threshold phaseout” and “above the threshold.” Finally, we’ll examine the new definitions within 199A and discuss the impact of future guidance surrounding the QBI deduction. You’ll leave this workshop feeling confident in your ability to offer your business clients everything they need to succeed and move forward in 2019.</p> <p> &nbsp;&nbsp;&nbsp;<img class="ms-rtePosition-1" alt="Gap Protection" src="/EventsAndEducation/PublishingImages/GAP-Protect-Icon-buffer.png"/> NATP considers the information presented during this course to be timely and accurate; however, it is likely that additional guidance for this topic is forthcoming. Don’t worry! You’ll be provided with additional updates to cover the information gap, so that you are properly prepared for the 2019 filing season.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Understand section 199A deduction and how it works.</li> <li>Review new terms and definitions of the 20% deduction.</li> <li>Understand the threshold limits and how wages and qualified property impact the calculation</li> <li>Discuss the new QBI loss.</li> <li>Understand, by example, combining multi-flow-through entities after determining taxable income.</li> </ul> <h3>Course Details</h3> <p>This webinar includes the presentation slides, exam questions, live webinar recording with review questions, and Attendee Top Questions. CPE is issued after exam is successfully completed.</p>2018-06-04T04:00:00Z2019-12-31T05:00:00ZNone2018-06-04T04:00:00Z4N/AODW1839Update4Federal Tax Law Update2018-06-04T04:00:00ZQAS Self StudyPremium: $0 | Professional: $98 | Basic: $124 | Nonmember: $1304Federal Tax Law Update44TaxesNoneLarry Gray, CPA, CGMAFederal Tax Law Update4 CPE for AFSP, EA, CPA, CRTPon-demand webinar20182019-12-31T05:00:00Z
Self StudyIntroduction to Schedule E Self-Study<h3>Summary</h3> <p>If your client earns rental income on a home or building they own, receives royalties or has income reported on a Schedule K-1 from a partnership or S corporation, you must prepare a Schedule E with their return. Schedule E (Form 1040), <i>Supplemental Income and Loss</i>, is for reporting residential rental income and expenses, as well as pass-through items from S corporations, partnerships, estates, and trusts. With this course, you’ll gain a basic understanding of Schedule E.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify passive loss limitations and exceptions.</li> <li>Determine eligibility for the special $25,000 loss allowance.</li> <li>Recognize who meets the qualifications of a real estate professional.</li> <li>Summarize the treatment of current and suspended passive losses upon disposition of a passive activity.</li> <li>Apply the vacation home rules.</li> <li>Identify the type of activities reported on Schedule E.</li> <li>Identify and report rental income and allowable rental expenses.</li> <li>Determine the depreciable basis of property used in a rental activity.</li> <li>Interpret the information provided on Schedule K-1 and enter the information appropriately on Schedule E.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T05:00:00Z0N/ASS1915Basic4Federal Tax Law Topic2019-03-07T05:00:00ZQAS Self StudyPremium: $0 | Professional: $98 | Basic: $124 | Nonmember: $1304Federal Tax Law Topic44TaxesNoneFederal Tax Law Topic4 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/IntroScheduleETOC.pdfself study20192021-01-01T05:00:00Z
WebinarPrimary Residence Tax Transactions Webinar<h3>Summary</h3> <p>Some taxpayers will live in and use their primary residence solely as their personal property, but some choose to rent it out or convert part of their house into a home office. There are certain tax implications that come along with these changes including how to determine the gain and loss on the sale of a primary residence converted to rental property. This webinar will go through how to determine if the Section 121 exclusion is available to your client, how to calculate the correct amount that can be excluded and how to use a Section 1031 exchange on the depreciation recapture for a home office.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Calculate the gain or loss on a primary residence converted to a rental property.</li> <li>Determine if capital gain on the sale of a residence can be excluded under §121.</li> <li>Calculate the available §121 exclusion on a previously rented primary residence.</li> <li>Review Form 8949 for the sale of a primary residence.</li> <li>Analyze Form 4797 for the sale of a primary residence with business use.</li> <li>Utilize a §1031 exchange for a primary residence with a home office.</li> </ul> <h3>Course Details</h3> <p>Our researchers will answer your questions during the presentation. This webinar includes the presentation slides, Attendee Top Questions and access to the webinar recording.</p>2019-02-15T05:00:00Z2019-12-31T05:00:00ZNone2019-02-15T05:00:00Z2019-02-15T05:00:00Z2019-02-15T05:00:00Z0N/AWEB1952Intermediate2Federal Tax Law Topic2019-10-23T04:00:00Z2019-10-24T04:00:00Z2019-11-07T05:00:00ZGroup Internet BasedPremium: $0 | Professional: $60 | Basic: $76 | Nonmember: $802Federal Tax Law Topic22TaxesKnowledge of Federal Income TaxRandy Lawshé, EAhttps://www.natptax.com/EventsAndEducation/About/Pages/RandyLawshé,EA.aspxFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPlive webinar20192019-10-23T17:00:00Z2019-10-24T13:00:00Z2019-11-07T05:00:00Z
Self StudyBusiness Tax Reporting on the 1040: Real Estate and Self-Employed Self-Study<h3>Summary</h3> <p>This course will dive into tax reporting for Schedule E, <i>Supplemental Income and Loss</i>, and Schedule C, <i>Profit or Loss from Business (Sole Proprietorship)</i>, the heart of many tax returns. With Schedule E, we will discuss income and expense reporting of rental properties; passive activity rules; qualified business income eligibility; vacation home rental rules; self-rentals; and real estate professionals. With Schedule C, we will examine income reporting; identify which expenses are deductible and which are not including meals and entertainment, home office, and depreciation; calculate qualified business income; and set up an accountable expense reimbursement plan. Finally, we will discuss statutory employees and their income and expense reporting requirements. There will be a comprehensive example on properly completing Schedule E and Schedule C for business owners and statutory employees.</p> <h3>Objectives</h3><p>Upon completion of this course, you will be able to: <ul> <li>Define passive activity rules.</li> <li>Identify when a rental is eligible for the QBI deduction.</li> <li>Summarize vacation home rental rules.</li> <li>Summarize the requirements for a real estate professional.</li> <li>Identify deductible and nondeductible expenses for Schedules E and C.</li> <li>Calculate QBI for a Schedule C owner.</li> <li>Prepare an accountable plan.</li> <li>Define statutory employee.</li> <li>Prepare Schedules E and C.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-07-10T05:00:00Z0N/ASS1904Intermediate8Federal Tax Law Topic2019-10-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $164 | Basic: $208 | Nonmember: $2198Federal Tax Law Topic88TaxesBasic knowledge of individual taxationFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/BusinessTaxReportingTOC.pdfself study20192020-12-31T06:00:00Z
Online WorkshopBusiness Tax Reporting on the 1040: Real Estate and Self-Employed Online Workshop<h3>Summary</h3> <p>This course will dive into tax reporting for Schedule E, <i>Supplemental Income and Loss</i>, and Schedule C, <i>Profit or Loss from Business (Sole Proprietorship)</i>, the heart of many tax returns. With Schedule E, we will discuss income and expense reporting of rental properties; passive activity rules; qualified business income eligibility; vacation home rental rules; self-rentals; and real estate professionals. With Schedule C, we will examine income reporting; identify which expenses are deductible and which are not including meals and entertainment, home office, and depreciation; calculate qualified business income; and set up an accountable expense reimbursement plan. Finally, we will discuss statutory employees and their income and expense reporting requirements. There will be a comprehensive example on properly completing Schedule E and Schedule C for business owners and statutory employees.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Define passive activity rules.</li> <li>Identify when a rental is eligible for the QBI deduction.</li> <li>Summarize vacation home rental rules.</li> <li>Summarize the requirements for a real estate professional.</li> <li>Identify deductible and nondeductible expenses for Schedules E and C.</li> <li>Calculate QBI for a Schedule C owner.</li> <li>Prepare an accountable plan.</li> <li>Define statutory employee.</li> <li>Prepare Schedules E and C.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and an online workshop recording.</p>2019-04-02T04:00:00Z2019-12-31T05:00:00ZNone2019-04-02T04:00:00Z2019-04-02T04:00:00Z2019-04-02T04:00:00Z8N/AOW1905-2Intermediate8Federal Tax Law Topic2019-10-30T05:00:00Z2019-10-29T05:00:00Z2019-04-01T05:00:00ZGroup Internet BasedPremium: $0 | Professional: $224 | Basic: $284 | Nonmember: $2998Federal Tax Law Topic88TaxesKnowledge of federal income taxMelinda Garvin, EAhttps://www.natptax.com/EventsAndEducation/About/Pages/MelindaGarvin,EA.aspxFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTPonline workshop20192019-10-30T12:00:00Z2019-10-29T12:00:00Z2019-11-13T13:00:00Z
On-Demand WebinarBusiness Tax Reporting on the 1040: Real Estate and Self-Employed On-Demand Webinar<h3>Summary</h3> <p>This course will dive into tax reporting for Schedule E, <i>Supplemental Income and Loss</i>, and Schedule C, <i>Profit or Loss from Business (Sole Proprietorship)</i>, the heart of many tax returns. With Schedule E, we will discuss income and expense reporting of rental properties; passive activity rules; qualified business income eligibility; vacation home rental rules; self-rentals; and real estate professionals. With Schedule C, we will examine income reporting; identify which expenses are deductible and which are not including meals and entertainment, home office, and depreciation; calculate qualified business income; and set up an accountable expense reimbursement plan. Finally, we will discuss statutory employees and their income and expense reporting requirements. There will be a comprehensive example on properly completing Schedule E and Schedule C for business owners and statutory employees.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Define passive activity rules.</li> <li>Identify when a rental is eligible for the QBI deduction.</li> <li>Summarize vacation home rental rules.</li> <li>Summarize the requirements for a real estate professional.</li> <li>Identify deductible and nondeductible expenses for Schedules E and C.</li> <li>Calculate QBI for a Schedule C owner.</li> <li>Prepare an accountable plan.</li> <li>Define statutory employee.</li> <li>Prepare Schedules E and C.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and an online workshop recording.</p>2019-05-01T04:00:00Z2019-12-31T05:00:00ZNone2019-05-01T04:00:00Z0N/AODW1939BIntermediate8Federal Tax Law Topic2019-11-13T05:00:00ZQAS Self StudyPremium: $0 | Professional: $224 | Basic: $284 | Nonmember: $2998Federal Tax Law Topic88TaxesBasic knowledge of individual taxationMelinda Garvin, EAhttps://www.natptax.com/EventsAndEducation/About/Pages/MelindaGarvin%2cEA.aspxFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTPon-demand webinar20192020-12-31T05:00:00Z
Self StudyBeyond the 1040® Self-Study<h3>Summary</h3> <p>This course covers the two sides of a coin — first, the contributing to and withdrawing from retirement accounts, the differences between traders and investors, and employee stock benefit reporting for items such as restricted stock units and incentive stock options. The second part covers foreclosures and abandonments, debt cancellations, and how to properly report Forms 1099-A, <i>Acquisition or Abandonment of Secured Property</i>, and 1099-C, <i>Cancellation of Debt</i>.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify and summarize the reporting requirements for the various components of a consolidated 1099-B.</li> <li>Distinguish between covered and noncovered securities.</li> <li>Recognize the difference between various retirement plans.</li> <li>Determine how much and when to make contributions to and distributions from retirement plans. </li> <li>Distinguish the difference traders and investors.</li> <li>Summarize how to report the sale various types of employee stock benefits.</li> <li>Determine the proper tax reporting of Form 1099-A and 1099-C.</li> <li>Distinguish between recourse and nonrecourse debt.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2018-04-01T04:00:00Z2018-12-31T05:00:00ZNone2018-10-02T04:00:00Z0N/ASS1804Intermediate8Federal Tax Law Topic2018-10-02T04:00:00ZQAS Self StudyPremium: $0 | Professional: $164 | Basic: $208 | Nonmember: $2198Federal Tax Law Topic88TaxesBasic knowledge of individual taxationFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2018/BeyondThe1040.pdfself study20182019-12-31T05:00:00Z
On-Demand WebinarTax Impact of Children On-Demand Webinar<h3>Summary</h3> <p> We love our children, but wow, are they expensive! Thank goodness the federal government provides a little help in the form of a tax credit. This webinar explores a variety of tax issues surrounding children from birth to high school graduation such as dependency exemptions, kiddie tax, child and dependent care credit, household employees, the child tax credit and earned income tax credit.</p> <iframe src="https://fast.wistia.net/embed/iframe/05o5vjlcf0" title="Wistia video player" allowtransparency="true" frameborder="0" scrolling="no" class="wistia_embed" name="wistia_embed" allowfullscreen mozallowfullscreen webkitallowfullscreen oallowfullscreen msallowfullscreen width="640" height="360"></iframe> <script src="https://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>Evaluate dependency of children.</li> <li>Identify deductions and credits available to taxpayers with dependent children.</li> <li>Correctly calculate credits available to taxpayers with dependent children.</li> <li>Correctly apply the kiddie tax rules to taxpayers.</li> <li>Correctly report household employee income.</li> </ul> <h3>Course Details</h3> <p>This webinar includes the presentation slides, exam questions, live webinar recording with review questions, and Attendee Top Questions. CPE is issued after exam is successfully completed.</p>2018-06-05T04:00:00Z2019-12-31T05:00:00ZNone2018-04-01T04:00:00Z0N/AODW1812Basic2Federal Tax Law Topic2018-06-05T04:00:00ZQAS Self StudyPremium: $0 | Professional: $60 | Basic: $76 | Nonmember: $802Federal Tax Law Topic22TaxesNoneLes Marti, EAhttps://www.natptax.com/EventsAndEducation/About/Pages/Les-Marti.aspxFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPon-demand webinar20182019-12-31T05:00:00Z
On-Demand WebinarAre You Ready for Tax Season? On-Demand Webinar<h3> Summary</h3><p>2018 was a doozy for tax law change, which makes your job as a tax professional preparing returns in 2019 even more critical. Let us help you figure out how to apply those changes to returns in the new year. This webinar examines key tax law changes from the <i>Tax Cuts and Jobs Act</i> and the <i>Bipartisan Budget Act of 2018</i> that are essential to preparing income returns for 2018, including the new QBI deduction and due diligence requirements. Any tax professional looking to practice in 2019 will benefit from this webinar and getting up to speed so you can properly advise clients.</p> <iframe src="https://fast.wistia.net/embed/iframe/g9a5wq47yd" title="Employee Business Expenses Video" allowtransparency="true" frameborder="0" scrolling="no" class="wistia_embed" name="wistia_embed" allowfullscreen mozallowfullscreen webkitallowfullscreen oallowfullscreen msallowfullscreen width="640" height="352"></iframe> <script src="https://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>Summarize key new tax law changes from the <i>Tax Cuts and Jobs Act</i>.</li> <li>Identify significant provisions that have expired or been temporarily or permanently extended.</li> <li>Analyze any new tax laws and provide tax tips to clients.</li> <li>Identify opportunities to plan for 2019 taxes.</li> <li>Apply due diligence requirements.</li> </ul> <h3>Course Details</h3> <p>This webinar includes the presentation slides, exam questions, live webinar recording with review questions, and Attendee Top Questions. CPE is issued after exam is successfully completed.</p>2018-12-14T05:00:00Z2020-12-31T05:00:00ZNone2018-12-13T05:00:00Z0N/AODW1902Update2Federal Tax Law Update2019-01-24T05:00:00ZQAS Self StudyPremium: $0 | Professional: $60 | Basic: $76 | Nonmember: $802Federal Tax Law Update22TaxesKnowledge of Federal Income TaxCheryl Morse, EAhttps://www.natptax.com/EventsAndEducation/About/Pages/CherylMorse%2cEA.aspxFederal Tax Law Update2 CPE for AFSP, EA, CPA, CRTPon-demand webinar20192020-12-31T05:00:00Z
Self StudyAlternative Minimum Tax (AMT) Self-Study<h3>Summary</h3> <p>Alternative minimum tax (AMT) is a tax originally put in place to prevent the wealthy from reducing their tax bill through certain deductions. The intent was to keep income tax at a reasonable rate for each taxpayer at their income level, however, because the AMT exemption amount has not kept up with the cost of living, this tax has crept down and now impacts those in lower income tax brackets. This course will focus on AMT adjustments and teach you how to complete the necessary forms for working with AMT.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify AMT adjustment and preference items.</li> <li>Distinguish between temporary and permanent AMT adjustments.</li> <li>Determine the tax consequences for regular tax and AMT when incentive stock options (ISOs) are exercised and sold.</li> <li>Calculate the different depreciation amounts for regular tax and AMT.</li> <li>Complete Form 6251, <i>Alternative Minimum Tax – Individuals</i>.</li> <li>Complete Form 8801, <i>Credit for Prior Year Minimum Tax – Individuals, Estates and Trusts</i>.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T11:00:00Z0N/ASS1936Basic2Federal Tax Law Topic2019-02-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $60 | Basic: $76 | Nonmember: $802Federal Tax Law Topic22TaxesNoneFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/AlternativeMinimumTaxTOC.pdfself study20192021-01-01T05:00:00Z
Self StudyBasics of Basis Self-Study<h3>Summary</h3> <p>If your client bought or sold assets, the basis of those items is critical to the future calculation of capital recovery, gain or loss realization and recognition, and depreciation. Attendees of this self-study course will learn how to determine an asset's initial basis and how to calculate adjustments to that basis. Assets to be considered include tangible or intangible property (real and personal property), stocks, bonds and mutual funds, as well as partnership and S corporation interests.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify basis based on various means of acquisition, including purchase, creation, gift and inheritance.</li> <li>Identify payments capitalized as part of basis and those expensed as a current operating expense.</li> <li>Calculate the basis of stocks.</li> <li>Calculate the basis of mutual funds using the allowable methods.</li> <li>Apply the timing and ordering of basis adjustments.</li> <li>Differentiate between a partner’s outside and inside basis in a partnership.</li> <li>Recognize the difference between a shareholder’s stock basis and debt basis in an S corporation.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T11:00:00Z0N/ASS1903Basic4Federal Tax Law Topic2019-02-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $98 | Basic: $124 | Nonmember: $1304Federal Tax Law Topic44TaxesNoneFederal Tax Law Topic4 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/BasicsOfBasisTOC.pdfself study20192021-01-01T05:00:00Z
Self StudyIntermediate Partnerships Self-Study<h3>Summary</h3> <p>This is a self-study course for those who already have a basic understanding of partnership taxation. You’ll learn the different types of partnership operations, such as limited partnerships or limited liability companies, and review the form of business that can alter a partner's taxation. Various elections made at the partnership level that serve as planning tools for preparing returns will also be reviewed.</p> <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 a two-partner partnership.</li> <li>Identify limited liability partners for purposes of self-employment tax.</li> <li>Prepare Form 8308.</li> <li>Prepare Form 1065 when a partner terminates an interest.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T11:00:00Z0N/ASS1910Intermediate8Federal Tax Law Topic2019-02-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $164 | Basic: $208 | Nonmember: $2198Federal Tax Law Topic88TaxesKnowledge of Federal Income TaxFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/IntermediatePartnershipsTOC.pdfself study20192021-01-01T05:00:00Z
Self StudyIntermediate S Corporations Self-Study<h3>Summary</h3> <p>This hands-on course is ideal for tax professionals who have already prepared S corporation returns and are looking to improve their skills to better assist clients with their continuing needs. Topics include reasonable compensation, built-in gains tax, distributions, shareholder basis, shareholder loss limitations, ownership changes and liquidation issues.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Determine if an S corporation is paying reasonable compensation to its shareholder employees.</li> <li>Identify corporations subject to the built-in gains tax.</li> <li>Compute and report the built-in gains tax.</li> <li>Compute the shareholder’s stock basis in the S corporation.</li> <li>Determine the timing and ordering rules for basis adjustments.</li> <li>Demonstrate how distributions from an S corporation are taxed.</li> <li>Report the repayment of reduced-basis debt.</li> <li>Compare and contrast AAA, stock basis, and retained earnings.</li> <li>Report the sale of S corporation stock.</li> <li>Determine how income and losses are allocated when there is a change in ownership.</li> <li>Identify an inadvertent termination of the S election and summarize how to fix it.</li> <li>Prepare a final Form 1120S for the year of liquidation.</li> <li>Report post-liquidation expenses.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T05:00:00Z0N/ASS1911Intermediate8Federal Tax Law Topic2019-03-08T05:00:00ZQAS Self StudyPremium: $0 | Professional: $164 | Basic: $208 | Nonmember: $2198Federal Tax Law Topic88TaxesBasic understanding of preparing Form 1120-SFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/IntermediateSCorpTOC.pdfself study20192021-01-01T05:00:00Z
Self StudyIntroduction to Fixed Assets Self-Study<h3>Summary</h3> <p>Fixed assets are assets that are purchased for long-term use and are not likely to be converted quickly into cash, such as land, buildings and equipment. This course will introduce you to the basic depreciation concepts on Form 4562, <i>Depreciation and Amortization</i>, including §179 and bonus depreciation. You’ll review the special rules for listed property (passenger automobiles, etc.), and learn how to report the sale of business property on Form 4797, as well as the tax consequences of such sales.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify the depreciation methods for fixed assets.</li> <li>Apply the listed property rules.</li> <li>Outline the requirements for claiming §179 and bonus depreciation.</li> <li>Determine if a change in property is an improvement vs. a repair.</li> <li>Complete Form 4562 when required.</li> <li>Report the disposition of business property in the appropriate section of Form 4797.</li> <li>Calculate the gain or loss on a sale.</li> <li>Define depreciation recapture, unrecaptured §1250 gain, and nonrecaptured §1231 losses.</li> <li>Determine when §280F recapture is necessary.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T11:00:00Z0N/ASS1912Basic4Federal Tax Law Topic2019-02-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $98 | Basic: $124 | Nonmember: $1304Federal Tax Law Topic44TaxesNoneFederal Tax Law Topic4 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/IntroToFixedAssetsTOC.pdfself study20192021-01-01T05:00:00Z
Self StudyIntroduction to Schedule C Self-Study<h3>Summary</h3> <p>This course is designed to help tax professionals who are new to sole proprietorship tax preparation. It focuses on individual income tax issues and the preparation of Schedule C, <i>Profit or Loss From Business</i>, and other major related forms. Schedule C (also known as Form 1040) is used to report income or loss from a business or profession practiced as a sole proprietor. Also covered are business vehicles, business use of home and depreciation.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Determine whether a taxpayer’s activity is a hobby or a for-profit business venture.</li> <li>Identify types of income and expenses reported on Schedule C.</li> <li>Complete Schedule C.</li> <li>Complete Schedule SE, <i>Self-Employment Tax</i>.</li> <li>Determine the business use of a vehicle and the substantiation requirements.</li> <li>Determine whether a taxpayer should claim standard mileage or actual vehicle expenses.</li> <li>Identify the §179 expense election and limitations.</li> <li>Identify allowable depreciation methods, including MACRS, GDS, ADS, and bonus depreciation.</li> <li>Complete Form 4562, <i>Depreciation and Amortization</i>.</li> <li>Determine eligibility for a deduction for business use of the home.</li> <li>Complete Form 8829, <i>Expenses for Business Use of Your Home</i>.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T05:00:00Z0N/ASS1913Basic8Federal Tax Law Topic2019-03-06T05:00:00ZQAS Self StudyPremium: $0 | Professional: $164 | Basic: $208 | Nonmember: $2198Federal Tax Law Topic88TaxesNoneFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/IntroScheduleCTOC.pdfself study20192021-01-01T05:00:00Z
Self StudyIntroduction to Schedule D Self-Study<h3>Summary</h3> <p>A business goes through many ups and downs throughout the course of its life, and it is important to be able to help your client navigate through what they will need to provide for you to do your job effectively. With this course, you’ll gain a basic knowledge and understanding of Form 8949, Sales and Other Dispositions of Capital Assets, and Schedule D (Form 1040), <i>Capital Gains and Losses</i>, for individual taxpayers. The course covers issues such as determining the correct basis of an asset, the proper disposition of a capital asset and the tax treatment of capital gains and losses, including the net investment income tax and the §121 exclusion for gain on the sale of a principal residence.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify sales that are reported on Form 8949 and Schedule D.</li> <li>Calculate the adjusted basis of capital assets.</li> <li>Determine whether the holding period of an asset is short-term or long-term.</li> <li>Summarize the tax treatment of capital losses.</li> <li>Apply the appropriate tax rates to capital gains.</li> <li>Decide if the net investment income tax applies.</li> <li>Compute the §121 exclusion for the sale of a principal residence.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T05:00:00Z0N/ASS1914Basic4Federal Tax Law Topic2019-02-28T05:00:00ZQAS Self StudyPremium: $0 | Professional: $98 | Basic: $124 | Nonmember: $1304Federal Tax Law Topic44TaxesNoneFederal Tax Law Topic4 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/IntroScheduleDTOC.pdfself study20192021-01-01T05:00:00Z
Self StudyIntroduction to Schedule F Self-Study<h3>Summary</h3> <p>This course is great for preparers who have clients who earn a living as a self-employed farmer. You will learn how to properly prepare Schedule F, <i>Profit or Loss from Farming</i>, and other major related forms while focusing on individual income tax issues. The course also includes information about identifying hobby farms and material about the depreciation and accounting methods that have changed under the 2017 <i>Tax Cuts and Jobs Act </i> (TCJA).</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Complete Schedule F, <i>Profit or Loss From Farming</i>.</li> <li>Identify the unique timing of certain farm income and expenses.</li> <li>Identify the sources of income generated from farming operations.</li> <li>Differentiate between taxable and tax-exempt government program payments.</li> <li>Complete Schedule J, <i>Income Averaging for Farmers and Fishermen</i>.</li> <li>Identify the proper reporting of farm-related income on Form 4797, <i>Sales of Business Property</i>.</li> <li>Identify the allowable expenses and deductions for farmers.</li> <li>Compute the amount of farming loss allowed under the loss limitation rules.</li> <li>List the depreciation methods allowed for assets used in farming updated under TCJA.</li> <li>Differentiate between cash and accrual methods as related to farm income and expense reporting.</li> <li>Complete Schedule SE, <i>Self-Employment Tax</i>.</li> <li>Summarize how to report the income and expenses from a farming activity determined to be a hobby.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone (NATP's Introduction to Tax Preparation is helpful, but not required)2019-02-01T05:00:00Z0N/ASS1916Basic8Federal Tax Law Topic2019-02-28T05:00:00ZQAS Self StudyPremium: $0 | Professional: $164 | Basic: $208 | Nonmember: $2198Federal Tax Law Topic88TaxesNoneFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/IntroScheduleFTOC.pdfself study20192021-01-01T05:00:00Z
Self StudyK-1s for 1065 Self-Study<h3>Summary</h3> <p>Taxpayers who are partners in partnerships (or members in LLCs taxed as partnerships) should receive a Schedule K-1 (Form 1065) to report their share of the partnership's income, deductions, credits, etc. You’ll learn how to consider the various elections available and whether they are made by the partner or the partnership as a whole. Finally, you’ll look at certain deductions the partner may have that are not reported on the Schedule K-1.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Determine the partner’s basis, at-risk and passive limitations.</li> <li>Identify the elections made at the partner level (versus the ones made at the partnership level).</li> <li>Describe the various items reported on Schedule K-1.</li> <li>Correctly report Schedule K-1 information on the partner’s return.</li> <li>Report items on the partner’s return that are associated with the partnership interest but not reported on Schedule K-1.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T11:00:00Z0N/ASS1919Basic4Federal Tax Law Topic2019-02-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $98 | Basic: $124 | Nonmember: $1304Federal Tax Law Topic44TaxesNoneFederal Tax Law Topic4 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/K1sForm1065TOC.pdfself study20192021-01-01T05:00:00Z
Self StudyK-1s for 1120-S Self-Study<h3>Summary</h3> <p>Individuals who are shareholders in an S corporation should receive a Schedule K-1 (Form 1120S), reporting their share of the corporation’s income, deductions, credits, etc. This course demonstrates how to report the basic information from this schedule on an individual’s tax return and provides an understanding of limitations that might apply before you can report certain items, such as losses and distributions.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Calculate the shareholder’s basis in the S corporation.</li> <li>Determine how much of a pass-through loss is deductible after applying the basis, at-risk, and passive activity limitations.</li> <li>Analyze the shareholder’s tax effects when receiving distributions from an S corporation.</li> <li>Correctly report various pass-through items from Schedule K-1 on Form 1040, including unique items, such as the sale of property when §179 was deducted.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T11:00:00Z0N/ASS1920Basic2Federal Tax Law Topic2019-02-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $60 | Basic: $76 | Nonmember: $802Federal Tax Law Topic22TaxesNoneFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/K1sForm1120STOC.pdfself study20192021-01-01T05:00:00Z
Self StudyPreparing Partnership Returns Self-Study<h3>Summary</h3> <p>Are you looking to expand your practice by preparing partnership returns? This is a great course for you! You will learn the basics of partnership taxation and completing a partnership return with accompanying schedules. You'll also learn how to track partners’ basis in the partnership and the impact of partnership distributions.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify the advantages and disadvantages of 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 (losses) for 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> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T05:00:00Z0N/ASS1924Basic8Federal Tax Law Topic2019-03-18T04:00:00ZQAS Self StudyPremium: $0 | Professional: $164 | Basic: $208 | Nonmember: $2198Federal Tax Law Topic88TaxesNoneFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/PreparingPartnershipReturnsTOC.pdfself study20192021-01-01T05:00:00Z
Self StudyPreparing S Corporation Returns Self-Study<h3>Summary</h3> <p>Many small business owners file as S corporations to reduce taxes, which means there’s an increased need to add the preparation of S corporation returns to your business. If you want to learn to add this skill to your business or simply get up to speed on the most common areas of S corporation taxation, this is the course for you! Receive the knowledge necessary to accurately prepare Form 1120S, U.S. Income Tax Return for an S Corporation, and the accompanying schedules.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>List the advantages and disadvantages of forming an S corporation.</li> <li>Identify businesses eligible to make the S election.</li> <li>Make an S election, including a late election.</li> <li>Choose a tax year and accounting method for an S corporation.</li> <li>Complete a basic Form 1120S, including Schedules K, K-1, L, M-1, and M-2.</li> <li>Identify income and expense items that differ for book and tax purposes.</li> <li>Determine amounts to pass-through and allocate to each shareholder.</li> <li>Identify separately stated items.</li> <li>Summarize the §179 expense rules for S corporations.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T05:00:00Z0N/ASS1925Basic8Federal Tax Law Topic2019-03-22T04:00:00ZQAS Self StudyPremium: $0 | Professional: $164 | Basic: $208 | Nonmember: $2198Federal Tax Law Topic88TaxesNoneFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/PreparingSCorpReturnsTOC.pdfself study20192021-01-01T05:00:00Z
Self StudySharing Economy Self-Study<h3>Summary</h3> <p>More and more taxpayers are using one of the many online platforms available to rent spare bedrooms, provide car rides, or to connect and provide other goods or services. By doing this, they are involved in what is called the “sharing (or gig) economy.” This course reviews the proper tax reporting of revenues earned and expenses incurred so to properly prepare a return for a client who participates in and generates income from these platforms.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify the type of rental income from web-based rental agencies such as Airbnb.</li> <li>Determine whether the rental income should be reported on Schedule C or Schedule E.</li> <li>Report rideshare income and allowable expenses from sources such as Über or Lyft on proper forms.</li> <li>Determine the class life and cost basis or basis percentage allocation for depreciation.</li> <li>Calculate vehicle expenses for shared economy businesses.</li> <li>Determine if estimated payments are necessary and the estimated payment amounts.</li> <li>Calculate home office expenses for shared economy businesses.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T11:00:00Z0N/ASS1927Basic2Federal Tax Law Topic2019-02-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $60 | Basic: $76 | Nonmember: $802Federal Tax Law Topic22TaxesNoneFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/SharingEconomyTOC.pdfself study20192021-01-01T05:00:00Z
Self StudyTax Impact of Having a Child Self-Study<h3>Summary</h3> <p>Clients with children require extra attention as there are a variety of tax issues involving children ranging in age from 0 to 27. Topics include examining tax credits available to taxpayers with dependent children (including the expanded child tax credit); determining whether a dependency exemption is allowed or allowable (even though the deduction is zero for 2018-2025); determining how the modified kiddie tax rules impact parents and children; allocating health insurance from the Marketplace to nondependent children under age 27; and claiming tax benefits for qualified education expenses.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Determine which taxpayer is allowed the dependency exemption for a child.</li> <li>Identify when a child is subject to kiddie tax, which tax rate applies and how it is reported.</li> <li>Determine how inheritance or court settlements impact a child’s reporting requirements.</li> <li>Summarize the tax credits available to taxpayers with dependent children.</li> <li>Analyze the expanded child tax credit, including the $500 nonrefundable credit.</li> <li>Determine how to allocate health insurance for family coverage from the Marketplace to a nondependent child under 27.</li> <li>Summarize the requirements to claim education credits.</li> <li>Determine the tax consequences of distributions from qualified tuition programs (§529 plans).</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T11:00:00Z0N/ASS1928Intermediate4Federal Tax Law Topic2019-02-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $98 | Basic: $124 | Nonmember: $1304Federal Tax Law Topic44TaxesKnowledge of Federal Income TaxFederal Tax Law Topic4 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/TaxImpactHavingAChildTOC.pdfself study20192021-01-01T05:00:00Z
Self Study1040 Update Self-Study<h3>Summary</h3> <p>Understanding the yearly changes to the Form 1040 is essential to your success as a tax professional, which is why we’ve dedicated an entire course to learning the updates. This course will cover standard features of inflation-indexed updates you’ll need to understand to prepare your clients’ 2019 returns. It will also cover new head of household paid preparer due diligence, updated tax forms and schedules, the qualified business income (QBI) deduction and modifications to the net operating loss (NOL) rules. Finally, since 2018 was a big year for tax reform, you’ll learn all about the <i>Tax Cuts and Jobs Act</i> and its impact on preparing your clients’ 2019 returns.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Analyze new tax laws and how it affects your clients.</li> <li>Recognize who qualifies as a dependent.</li> <li>Explain the rules for determining proper withholding on the revised Form W-4.</li> <li>Interpret the latest court decisions and IRS rulings.</li> <li>Apply inflation-adjusted amounts to 2019 individual tax returns.</li> <li>Identify extended and expired tax provisions.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book, exam questions, quick reference desk card and multi-page tax law quick reference guide with flowcharts. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-04-01T10:00:00Z0N/ASS1930Update8Federal Tax Law Update2019-10-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $164 | Basic: $208 | Nonmember: $2198Federal Tax Law Update88TaxesBasic knowledge of income taxationFederal Tax Law Update8 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/1040UpdateTOC.pdfself study20192021-01-01T05:00:00Z
Self StudyWorking Abroad and Form 2555 Self-Study<h3>Summary</h3> <p>If you have a client who works and receives income from that work in another country, you must be careful of double taxation, meaning paying taxes twice on the same source of earned income. This comprehensive course explores the tax implications of working abroad and introduces the forms needed to file the taxpayer’s return correctly. To mitigate potential double taxation, §911 provides a foreign earned income exclusion and a foreign housing deduction or exclusion to qualifying taxpayers. Form 2555, <i>Foreign Earned Income</i>, calculates these exclusions. You’ll learn all of these forms, and more, in this course.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Determine if a taxpayer qualifies for the foreign earned income exclusion and the foreign housing deduction or exclusion.</li> <li>Differentiate between the foreign housing deduction and exclusion.</li> <li>Identify social security issues and self-employment issues related to working abroad.</li> <li>Summarize how totalization agreements and tax treaties with foreign countries impact the taxpayer.</li> <li>Prepare Form 2555, <i>Foreign Earned Income</i>, to determine the appropriate foreign income exclusion for the taxpayer. </li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T11:00:00Z0N/ASS1932Basic2Federal Tax Law Topic2019-02-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $60 | Basic: $76 | Nonmember: $802Federal Tax Law Topic22TaxesNoneFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/WorkingAbroadAndForm2555TOC.pdfself study20192021-01-01T05:00:00Z
Self StudyCasualty, Theft and Disaster Losses Self-Study<h3>Summary</h3> <p>Taxpayers who suffer a casualty, theft or disaster have a lot on their minds, and the last thing is probably their taxes. There are tax laws in place to offer help for loss victims, including those who could use their tax filing to obtain much-needed cash. Knowing this information sets you up to be a huge asset when your clients need you most. This course helps tax professionals identify and report casualty, theft and disaster losses. Additionally, you’ll learn the tax provisions of insurance reimbursements, disaster assistance, disaster payments, record reconstruction and how to calculate the value of lost items.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify casualty, theft and disaster losses.</li> <li>Determine how to handle insurance reimbursements and disaster payments.</li> <li>Describe how to reconstruct a taxpayer’s records.</li> <li>Calculate and report the loss on Form 4684, <i>Casualties and Thefts</i>.</li> <li>Calculate the basis of replacement property.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T05:00:00Z0N/ASS1933Intermediate2Federal Tax Law Topic2019-02-13T05:00:00ZQAS Self StudyPremium: $0 | Professional: $60 | Basic: $76 | Nonmember: $802Federal Tax Law Topic22TaxesBasic knowledge of individual income taxFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/CasualtyTheftDisasterLossesTOC.pdfself study20192021-01-01T05:00:00Z
Self StudyK-1s for 1041 Self-Study<h3>Summary</h3> <p>An estate or trust can generate income, and at the end of the year, all income distributions made to beneficiaries must be reported on a Schedule K-1 (1041). Form 1041 is also used to report any income a trust earns over $600. This course examines everything you need to know to properly report the information provided to the beneficiary on a Schedule K-1 on their individual tax return.</p> <h3>Objectives</h3> <p>Upon completion of this course you will be able to: <ul> <li>Identify the character of pass-through income, deductions, and credits from an estate or trust.</li> <li>Describe the various items reported on Schedule K-1.</li> <li>Report Schedule K-1 items on the beneficiary’s return.</li> <li>Report items on the beneficiary’s return that are associated with estate or trust interest but not reported on Schedule K-1.</li>&nbsp; </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T05:00:00Z0N/ASS1909Basic2Federal Tax Law Topic2019-02-13T05:00:00ZQAS Self StudyPremium: $0 | Professional: $60 | Basic: $76 | Nonmember: $802Federal Tax Law Topic22TaxesNoneFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/K1sForm1041TOC.pdfself study20192021-01-01T05:00:00Z
Self StudyNet Operating Losses Self-Study<h3>Summary</h3> <p>Even the most profitable businesses experience loss and tax professionals need to know the provisions under §172, <i>Net Operating Loss Deduction</i>. This type of loss occurs when certain tax-deductible expenses exceed taxable revenues for a taxable year. Plus, the IRS analyzes a NOL under alternative minimum tax (AMT) rules. Without a basic understanding of net operating losses (NOL), tax professionals cannot provide their business clients with the best possible outcome. This course enhances a tax professional’s understanding of NOLS and alternative minimum tax NOLS (ATNOLs).</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Determine if a business or individual has incurred an NOL.</li> <li>Correctly calculate the amount of the NOL to maximize the amount to carry over or carry back.</li> <li>Identify the elections of carrying back and carrying forward the NOL.</li> <li>Identify the provisions of carrying back and carrying forward the NOL.</li> <li>Distinguish between business and nonbusiness income and losses in order to correctly calculate the NOL.</li> <li>Ensure the deadline for filing a carryback is met to provide the taxpayer the most flexibility in claiming an NOL deduction on Form 1045 or Form 1040X.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T05:00:00Z0N/ASS1935Basic4Federal Tax Law Topic2019-02-28T05:00:00ZQAS Self StudyPremium: $0 | Professional: $98 | Basic: $124 | Nonmember: $1304Federal Tax Law Topic44TaxesNoneFederal Tax Law Topic4 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/NetOperatingLossesTOC.pdfself study20192021-01-01T05:00:00Z
Self StudyQBI and Choosing a Business Entity Self-Study<h3>Summary</h3> <p>The final §199A regulations that included guidance on the qualified business income (QBI) deduction released contained over 300 pages. This hands-on workshop will walk through the QBI rules from the standpoint of the entity and complete several case studies that involve QBI and decisions related to various entities. Choosing an entity for your client is also important, as each type has its pros and cons when it comes to filing taxes. We’ll analyze switching entities and the tax consequences associated with that change. We’ll also illustrate the changing tax laws to maximize deductions for partners, shareholders and self-employed individuals.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Outline the new rules regarding Qualified Business Income (QBI).</li> <li>Identify which taxpayers can take the deduction for QBI.</li> <li>Calculate QBI and the QBI deduction.</li> <li>Identify filing requirements for entities passing thru QBI to Partners or Shareholders.</li> <li>Correctly report income and expenses to adhere to new QBI rules.</li> <li>Complete the Forms 1065 and 1102S for clients with QBI and compare with Schedule C.</li> <li>Apply entity selection strategy to case studies.</li> <li>Discuss requirements and consequences to change business entities.</li> <li>Illustrate how an S Corporation how it changes its business entity.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T05:00:00Z0N/ASS1918Intermediate6Federal Tax Law Topic2019-08-15T05:00:00ZQAS Self StudyPremium: $0 | Professional: $135 | Basic: $171 | Nonmember: $1806Federal Tax Law Topic66TaxesBasic knowledge of federal income taxationFederal Tax Law Topic6 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/QBI%20and%20Choosing%20a%20Business%20Entity%20TOC.pdfself study20192021-01-01T05:00:00Z
Self StudyTax Issues of Divorce Self-Study<h3>Summary</h3> <p>Understanding the complications and economic effects of a divorce at the tax level reassures your clients their returns have been properly prepared. As a tax professional, it’s your responsibility to explain the tax implications of divorce, and report income and expense correctly on the individuals’ returns. When children are involved, it can be tricky to determine which taxpayer can claim an exemption for a child. This course will review how to distinguish between child support and other payments, as well as everything else you need to know to prepare a return that will best represent your client.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify the most appropriate filing status for separated or divorced taxpayers.</li> <li>Summarize the exceptions to both spouses being jointly and severally liable when filing a joint return.</li> <li>Distinguish which parent is eligible to claim a child as a dependent.</li> <li>Recognize the difference between custodial and noncustodial parent for tax purposes.</li> <li>Differentiate among alimony, child support and property settlements.</li> <li>Summarize the tax treatment of a qualified domestic relations order (QDRO).</li> <li>Determine if a divorced taxpayer has a carryover of an NOL, capital loss or passive loss.</li> <li>Assess community property state complications.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T05:00:00Z0N/ASS1921Intermediate2Federal Tax Law Topic2019-03-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $60 | Basic: $76 | Nonmember: $802Federal Tax Law Topic22TaxesKnowledge of Federal Income TaxFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/TaxIssuesOfDivorceTOC.pdfself study20192021-01-01T05:00:00Z
Self StudyTax Reform Impact on S Corps & Partnerships Self-Study<h3>Summary</h3> <p>The <i>Tax Cuts and Jobs Act</i> of 2017 affects most small businesses, which presents an additional opportunity to assist your clients in maximizing tax savings. This hands-on course will look at partnerships and S corporations, their elections and adjustments, as well as how the new tax law affects them.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Describe the taxation of partnerships.</li> <li>Identify the effects of partnership elections.</li> <li>Calculate required basis adjustments.</li> <li>Identify adjustments to be made on Form 1065, Schedules M-1 and M-2.</li> <li>Describe the taxation of S corporations.</li> <li>Compute and report the built-in gains tax.</li> <li>Compare and contrast AAA, stock basis and retained earnings.</li> <li>Identify the effects of S corporation elections.</li> <li>Identify adjustments to be made on Form 1120S, Schedules M-1 and M-2.</li> <li>Identify the provisions of the <i>Tax Cuts and Jobs Act</i> that affect partnership and S corporation taxation.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T05:00:00Z0N/ASS1922Intermediate6Federal Tax Law Topic2019-08-15T05:00:00ZQAS Self StudyPremium: $0 | Professional: $135 | Basic: $171 | Nonmember: $1806Federal Tax Law Topic66TaxesBasic knowledge of federal income taxationFederal Tax Law Topic6 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/Tax%20Reform%20Impact%20on%20S%20Corporations%20and%20Partnerships%20TOC.pdfself study20192021-01-01T05:00:00Z
WebinarRetirement Plans for Self-Employed Taxpayers Webinar<h3>Summary</h3> <p>Many taxpayers opt to be their own bosses instead of working for someone else. It’s an appealing option to set your own schedule and make all of the business decisions! However, this puts them in the position of providing “employee benefits” such as retirement plans for themselves and any other employees. Self-employed taxpayers have several retirement plan options such as a Simplified Employee Pension Plan (SEP), Savings Incentive Match Plan for Employees (SIMPLE) and 401K plans. We’ll review the pros and cons of each plan to determine which is the best option for yourself or your clients.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify the features of SEPs, SIMPLE IRAs, and §401(k) plans.</li> <li>Calculate the maximum annual contribution for various types of retirement plans.</li> <li>Compute the deduction for various types of retirement plan contributions.</li> <li>Identify the employer’s responsibility for maintaining and funding retirement plans.</li> </ul> <h3>Course Details</h3> <p>Our researchers will answer your questions during the presentation. This webinar includes the presentation slides, Attendee Top Questions and access to the webinar recording.</p>2019-02-15T05:00:00Z2019-12-31T05:00:00ZNone2019-02-15T05:00:00Z2019-02-15T05:00:00Z2019-02-15T05:00:00Z0N/AWEB1954Basic2Federal Tax Law Topic2019-10-29T04:00:00Z2019-10-31T04:00:00Z2019-11-14T05:00:00ZGroup Internet BasedPremium: $0 | Professional: $60 | Basic: $76 | Nonmember: $802Federal Tax Law Topic22TaxesNoneJaye Tritz, EA, CFP®https://www.natptax.com/EventsAndEducation/About/Pages/JayeETritz,EA,CFP®.aspxFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPlive webinar20192019-10-29T17:00:00Z2019-10-31T13:00:00Z2019-11-14T05:00:00Z
WebinarComplete and File Form 1040-NR Webinar<h3>Summary</h3> <p>A Form 1040-NR is the required for filing taxes for a nonresident U.S. client. U.S. demographics are changing significantly and are assumed to continue to do so making it critical you understand how to complete and file this form. This webinar will help tax professionals determine if a Form 1040-NR is needed and will explain the differences between a resident and a nonresident alien. We’ll also walk through examples of Form 1040-NR, provide tips for preparing the form and help you determine income sources, as income generated in the U.S. (with certain exceptions) needs to be reported on this form.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Review Form 1040NR.</li> <li>Assess whether your client needs to file Form 1040NR.</li> <li>Differentiate a resident and nonresident alien.</li> <li>Determine income sources.</li> <li>Prepare Form 1040NR.</li> </ul> <h3>Course Details</h3> <p>Our researchers will answer your questions during the presentation. This webinar includes the presentation slides, Attendee Top Questions and access to the webinar recording.</p>2019-02-15T05:00:00Z2019-12-31T05:00:00ZNone2019-02-15T05:00:00Z2019-02-15T05:00:00Z2019-02-15T05:00:00Z0N/AWEB1956Advanced2Federal Tax Law Topic2019-11-05T05:00:00Z2019-11-07T05:00:00Z2019-11-21T05:00:00ZGroup Internet BasedPremium: $0 | Professional: $60 | Basic: $76 | Nonmember: $802Federal Tax Law Topic22TaxesKnowledge of Federal Income Tax LawBetty Stehman, CPA, CIAhttps://www.natptax.com/EventsAndEducation/About/Pages/BettyStehman,CPA,CIA,CSA.aspxFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPlive webinar20192019-11-05T18:00:00Z2019-11-07T14:00:00Z2019-11-21T05:00:00Z
WebinarHRA Tax Compliance Webinar<h3>Summary</h3> <p>Health reimbursement arrangements (HRAs) can be provided by employers to reimburse employees for out-of-pocket medical expenses, tax-free. However, the implementation of the Affordable Care Act (ACA) drastically changed the way HRAs are offered. In this webinar, you’ll learn the benefits of HRAs and what plan administrators must do to keep an HRA compliant with the ACA. We’ll also walk through options for small employers who still want to offer some health benefits.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Summarize the benefits and rules of establishing and operating an HRA.</li> <li>Identify how HRAs are affected by the ACA.</li> <li>Summarize the benefits and rules of establishing and operating a QSEHRA.</li> <li>Recognize which employers qualify for QSEHRAs.</li> <li>Identify how QSEHRAs are affected by the ACA.</li> </ul> <h3>Course Details</h3> <p>Our researchers will answer your questions during the presentation. This webinar includes the presentation slides, Attendee Top Questions and access to the webinar recording.</p>2019-02-15T05:00:00Z2019-12-31T05:00:00ZNone2019-02-15T05:00:00Z2019-02-15T05:00:00Z2019-02-15T05:00:00Z0N/AWEB1958Basic2Federal Tax Law Topic2019-11-12T05:00:00Z2019-11-14T05:00:00Z2019-11-28T05:00:00ZGroup Internet BasedPremium: $0 | Professional: $60 | Basic: $76 | Nonmember: $802Federal Tax Law Topic22TaxesNoneRandy Lawshé, EAhttps://www.natptax.com/EventsAndEducation/About/Pages/RandyLawshé,EA.aspxFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPlive webinar20192019-11-12T18:00:00Z2019-11-14T14:00:00Z2019-11-28T05:00:00Z
WebinarTax Implications of Retirement Distributions Webinar<h3>Summary</h3> <p>Most employers offer some form of retirement plan to which employees may contribute. Many taxpayers also make contributions to traditional or Roth IRA accounts each year. Whichever the retirement savings vehicle they choose, there comes a time when contributions must be withdrawn, which can be anything but simple. This webinar will teach you to advise your clients of decisions based on their individual situations relating to the age at which they should withdraw, and the amount, along with tax implications of distributions and potential penalties for underwithdrawing. We’ll also review the rules that must be followed when a taxpayer inherits a retirement account.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Recognize the difference between various retirement plans.</li> <li>Comprehend when taxpayers must take distributions from various retirement plans.</li> <li>Calculate how much the required minimum distribution must be.</li> <li>Summarize how to calculate, report, correct, and request a waiver for the penalty when a required minimum distribution is not taken.</li> <li>Identify the various distribution options for inherited retirement plans.</li> </ul> <h3>Course Details</h3> <p>Our researchers will answer your questions during the presentation. This webinar includes the presentation slides, Attendee Top Questions and access to the webinar recording.</p>2019-02-15T05:00:00Z2019-12-31T05:00:00ZNone2019-02-15T05:00:00Z2019-02-15T05:00:00Z2019-02-15T05:00:00Z0N/AWEB1960Basic2Federal Tax Law Topic2019-11-19T05:00:00Z2019-11-21T05:00:00Z2019-12-05T05:00:00ZGroup Internet BasedPremium: $0 | Professional: $60 | Basic: $76 | Nonmember: $802Federal Tax Law Topic22TaxesNoneJaye Tritz, EA, CFP®https://www.natptax.com/EventsAndEducation/About/Pages/JayeETritz,EA,CFP®.aspxFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPlive webinar20192019-11-19T18:00:00Z2019-11-21T14:00:00Z2019-12-05T05:00:00Z
WebinarTax Treatment of Installment Sales Webinar<h3>Summary</h3> <p>An installment sale is an arrangement in which the seller allows the buyer to make payments over an extended period of time. Using this method, the seller may report the gain across several tax years, which has tax consequences. This webinar will review the requirements for a permitted installment method, its tax implications and reporting process.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Describe the requirements for an installment sale.</li> <li>Evaluate the effect of an installment sale.</li> <li>Correctly report an installment sale.</li> </ul> <h3>Course Details</h3> <p>Our researchers will answer your questions during the presentation. This webinar includes the presentation slides, Attendee Top Questions and access to the webinar recording.</p>2019-02-15T05:00:00Z2019-12-31T05:00:00ZNone2019-02-15T05:00:00Z2019-02-15T05:00:00Z2019-02-15T05:00:00Z0N/AWEB1962Basic2Federal Tax Law Topic2019-12-03T05:00:00Z2019-12-05T05:00:00Z2019-12-19T05:00:00ZGroup Internet BasedPremium: $0 | Professional: $60 | Basic: $76 | Nonmember: $802Federal Tax Law Topic22TaxesNoneCheryl Morse, EAhttps://www.natptax.com/EventsAndEducation/About/Pages/CherylMorse,EA.aspxFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPlive webinar20192019-12-03T18:00:00Z2019-12-05T14:00:00Z2019-12-19T05:00:00Z
WebinarUnderstanding the New Child Tax Credit Webinar<h3>Summary</h3> <p>The <i>Tax Cuts and Jobs Act</i> affected tax law in many ways, including increasing the child tax credit to $2,000 per qualifying dependent child and created a new $500 credit for other dependents. This webinar reviews additional changes from the act and outlines requirements to claim the credit. We’ll also review how to calculate the child tax credit and how to complete your due diligence requirements by examining case studies to put that knowledge into practice.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Outline the changes to the child tax credit in 2018.</li> <li>Outline the requirements for the child tax credit and credit for other dependents.</li> <li>Calculate the child tax credit and credit for other dependents.</li> <li>Complete the forms required for the child tax credit and credit for other dependents.</li> <li>Complete due diligence required for the child tax credit and credit for other dependents.</li> </ul> <h3>Course Details</h3> <p>Our researchers will answer your questions during the presentation. This webinar includes the presentation slides, Attendee Top Questions and access to the webinar recording.</p>2019-02-15T05:00:00Z2019-12-31T05:00:00ZNone2019-02-15T05:00:00Z2019-02-15T05:00:00Z2019-02-15T05:00:00Z0N/AWEB1964Basic2Federal Tax Law Topic2019-12-10T05:00:00Z2019-12-12T05:00:00Z2019-12-26T05:00:00ZGroup Internet BasedPremium: $0 | Professional: $60 | Basic: $76 | Nonmember: $802Federal Tax Law Topic22TaxesNoneSheri Fronsee, CPAFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPlive webinar20192019-12-10T18:00:00Z2019-12-12T14:00:00Z2019-12-26T05:00:00Z

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