​​​​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, with over 200 CPE available.

Education list

 

 

On-Demand WebinarPreparing the New Form 7203 for S Corporation Shareholders On-Demand Webinar<h3>Summary</h3> <p>The IRS just released a brand-new form, Form 7203, <i>S Corporation Shareholder Stock and Debt Basis Limitations</i>. This form must be filed with an S corporation shareholder’s 1040 if that shareholder claims a deduction for their share of an S corporation loss, received a loan repayment from an S corporation, disposed of stock in an S corporation or received a non-dividend distribution from the S corporation. In this webinar, we’ll go through the form, line by line, and advise you as to where to get the necessary information to fill it out correctly.</p><iframe src="https://fast.wistia.net/embed/iframe/t32ovabfmw" title="Webinar preview: Preparing Form 7203 Video" allow="autoplay; fullscreen" allowtransparency="true" frameborder="0" scrolling="no" class="wistia_embed" name="wistia_embed" 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>Determine when Form 7203 is required </li> <li>Prepare Form 7203</li> </ul> <h3>Course Details</h3> <p>This on-demand webinar includes the presentation slides, exam questions, and recording of the webinar broadcast with review questions. CPE is issued after exam is successfully completed.</p> 2022-01-25T06:00:00Z2023-12-31T06:00:00ZNone2022-01-25T06:00:00ZMBEODW2208Basic1Federal Tax Law Topic0N/A2022-01-25T06:00:00ZQAS Self StudyPremium: $0 | Professional: $0 | Basic: $0 | Nonmembers: $01Federal Tax Law Topic11TaxesNoneAmy Wall, MBA, EAFederal Tax Law Topic1 CPE for AFSP, EA, CPA, CRTPon-demand webinar20222023-12-31T06:00:00Z50 minutesyesnoyesyes
self studyIntroduction to Schedule C Self-Study<h3>Summary</h3> <p>This course helps tax professionals who are new to sole proprietorship tax preparation. The course focuses on individual income tax issues and the preparation of Schedule C, <i>Profit or Loss from Business</i>. Additional topics 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, <i>Profit or Loss From Business</i></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> 2021-02-12T06:00:00Z2022-12-31T06:00:00ZNone2021-05-01T05:00:00Z2021-05-01T05:00:00ZSS21315Basic8Federal Tax Law Topic0N/A2021-05-01T05:00:00Z2021-02-12T06:00:00ZQAS Self-Study8Federal Tax Law Topic88TaxesNoneFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2021/IntroductionToScheduleC%20TOC.pdfself study2021May2022-12-31T06:00:00Z2022-12-30T06:00:00Z2122230167nonoyesno
self studyIntroduction to Schedule D Self-Study<h3>Summary</h3> <p>This course helps tax professionals gain a basic knowledge and understanding of Form 8949, <i>Sales and Other Dispositions of Capital Assets</i>, and Schedule D (Form 1040), <i>Capital Gains and Losses</i>, for individual taxpayers. It starts with basis and the disposition of a capital asset, then continues with the tax treatment of capital gains and losses, including the net investment income tax and the §121 exclusion of gain from sale of 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 (Form 1040)</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>Analyze if the net investment income tax applies</li> <li>Compute the §121 exclusion of gain from sale of principle 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> 2021-02-12T06:00:00Z2022-12-30T06:00:00ZNone2021-05-01T05:00:00Z2021-05-01T05:00:00ZSS21316Basic4Federal Tax Law Topic 0N/A2021-05-01T05:00:00Z2021-02-12T06:00:00ZQAS Self-Study4Federal Tax Law Topic 44TaxesNoneFederal Tax Law Topic 4 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2021/IntroductiontoScheduleD%20TOC.pdfself study2021May2022-12-31T06:00:00Z2022-12-31T06:00:00Z1271340101nonoyesno
self studyIntroduction to Schedule F Self-Study<h3>Summary</h3> <p>Farming is a unique industry with its own set of special tax issues. Knowing these special rules is essential for tax professionals preparing farm tax returns. This course focuses on individual income tax issues to help tax professionals new to preparing farm tax returns. You will learn how to properly prepare Schedule F, <i>Profit or Loss From Farming</i>, and other major related forms, which depreciation and accounting methods are available to farmers, and how to identify hobby farms.</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>Differentiate between cash and accrual methods as related to farm income and expense reporting</li> <li>Identify the sources of income generated from farming operations</li> <li>Differentiate between taxable and tax-exempt government program payments</li> <li>Identify the unique timing of certain farm income and expenses</li> <li>Identify the proper reporting of farm-related income on Form 4797, <i>Sales of Business Property</i></li> <li>Complete Schedule J, <i>Income Averaging for Farmers and Fishermen</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</li> <li>Identify the requirements for claiming §179 and bonus depreciation</li> <li>Complete Schedule SE, <i>Self-Employment Tax</i></li> <li>List the nine relevant factors in the regulations under §183 that can be used to determine whether a farm has a profit motive</li> <li>Summarize how to properly report the income and expenses from a farming activity that is 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> 2021-02-12T06:00:00Z2022-12-30T06:00:00ZNone2021-05-01T05:00:00Z2021-05-01T05:00:00ZSS21318Basic8Federal Tax Law Topic0N/A2021-05-01T05:00:00Z2021-02-12T06:00:00ZQAS Self-Study8Federal Tax Law Topic88TaxesNoneFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTPself study2021May2022-12-30T06:00:00Z2022-12-31T06:00:00Z2122230167Available June 2021Available June 2021Available June 2021Available June 2021nonoyesno
self studyK-1s for 1041 Self-Study<h3>Summary</h3> <p>Beneficiaries of an estate or trust receive Schedule K-1 (Form 1041), <i>Beneficiary's Share of Income, Deductions, Credits, etc.,</i> to properly report their share of the estate or trust’s activity on their individual tax return. This course examines what 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>Summarize how to report Schedule K-1 items on the beneficiary’s return</li> <li>Summarize how to report items on the beneficiary’s return that are associated with estate or trust 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> 2021-02-12T06:00:00Z2022-12-30T06:00:00ZNone2021-06-01T05:00:00Z2021-06-01T05:00:00ZSS21323Basic2Federal Tax Law Topic0N/A2021-06-01T05:00:00Z2021-02-12T06:00:00ZQAS Self-Study2Federal Tax Law Topic22TaxesNoneFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2021/K-1sforForm1041%20TOC.pdfself study2021June2022-12-30T06:00:00Z2022-12-30T06:00:00Z8084063Available June 2021Available June 2021Available June 2021Available June 2021nonoyesno
self studyK-1s for 1065 Self-Study<h3>Summary</h3> <p>Taxpayers who are partners in partnerships (or members in LLCs taxed as partnerships) will receive a Schedule K-1 (Form 1065). This course examines what you need to know to properly report the information provided to a partner on Schedule K-1. You’ll learn how to consider the various elections available and whether they are made by the partner or the partnership. 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 outside basis, at-risk basis and passive loss 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>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> 2021-02-12T06:00:00Z2022-12-31T06:00:00ZN/A2021-05-01T05:00:00Z2021-05-01T05:00:00ZSS21324Basic4Federal Tax Law Topic 0N/A2021-05-01T05:00:00Z2021-02-12T06:00:00ZQAS Self-Study4Federal Tax Law Topic 44TaxesNoneFederal Tax Law Topic 4 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2021/K-1sforForm1065%20TOC.pdfself study2021May2022-12-30T06:00:00Z2022-12-31T06:00:00Z1271340101nonoyesno
On-Demand WebinarCompleting Form 4797 - Sales of Business Property On-Demand Webinar<h3>Summary</h3> <p>If you don't understand how to properly dispose of a business asset, your software won't either. Types of dispositions include sales, abandonments, foreclosures, and repossessions. This webinar will guide you through the proper tax reporting of various disposition types, distinguishing between a §1231, a §1245 and a §1250 gain or loss and properly completing a Form 4797.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Explain the different types of dispositions</li> <li>Distinguish between a §1231, a §1245 and a §1250 gain or loss</li> <li>Identify when a drop in business usage of an asset creates depreciation recapture</li> <li>Prepare Form 4797 and define when to use Part I, II, III or IV</li> </ul> <h3>Course Details</h3> <p>This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.</p> 2021-04-08T05:00:00Z2022-12-30T06:00:00ZNone2021-04-08T05:00:00ZODW2121Basic2Federal Tax Law Topic0N/A2021-04-08T05:00:00ZQAS Self Study2Federal Tax Law Topic22TaxesNoneGenaro Cardaropoli, CPA, MPAFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPon-demand webinar2021July2022-12-31T06:00:00Z100 minutes8084063yesnoyesno
self studyPreparing Form 2555 for Foreign Income Exclusion Self-Study<h3>Summary</h3> <p>If you have a client who works and receives income from 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. 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. In this course, you’ll learn how to complete this form.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Determine if a client 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>Identify how totalization agreements and tax treaties with foreign countries impact the taxpayer</li> <li>Prepare Form 2555, <i>Foreign Earned Income</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> 2021-04-21T05:00:00Z2022-12-31T06:00:00ZNone2021-07-01T05:00:00Z2021-07-01T05:00:00ZSS21361Basic2Federal Tax Law Topic0N/A2021-04-21T05:00:00Z2021-04-21T05:00:00ZQAS Self Study2Federal Tax Law Topic22TaxesNoneFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2021/PreparingForm2555forForeignIncomeExclusion_TOC.pdfself study2021July2022-12-31T06:00:00Z2022-12-31T06:00:00Z8084063nonoyesno
On-Demand WebinarTax Treatment of Installment Sales On-Demand Webinar<h3>Summary</h3> <p>An installment sale is an arrangement in which the seller allows the buyer to make payments over more than one tax year. Using this method, the seller may report the gain over the life of the installment sale agreement or elect to tax it currently. This course will review the requirements for reporting this type of sale and when there are tax consequences. It will also review what happens if repossession occurs and if the purchaser pays off their debt early. </p><h3>Webinar preview</h3> <iframe src="https://fast.wistia.net/embed/iframe/s2k7zm5g3x" title="Webinar preview: Tax Treatment of Installment Sales Video" allow="autoplay; fullscreen" allowtransparency="true" frameborder="0" scrolling="no" class="wistia_embed" name="wistia_embed" allowfullscreen 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 installment sale requirements</li> <li>Evaluate the tax ramifications of an installment sale</li> <li>Summarize the effects of modifying an installment sale agreement</li> <li>Prepare Form 6252, <i>Installment Sale Income</i></li> </ul> <h3>Course Details</h3> <p>This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.</p> 2021-04-08T05:00:00Z2022-12-30T06:00:00ZNone2021-04-08T05:00:00ZODW2120Intermediate2Federal Tax Law Topic0N/A2021-04-08T05:00:00ZQAS Self Study2Federal Tax Law Topic22TaxesKnowledge of federal income taxBecky Van Dort, EAFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPon-demand webinar2021July2022-12-31T06:00:00Z100 minutes8084063yesnoyesno
On-Demand WebinarDetermining Tax Treatment of Rental Property On-Demand Webinar<h3>Summary</h3> <p>This course will dive into tax reporting for Page 1 of the Schedule E, <i>Supplemental Income and Loss</i>. You’ll learn the difference between commercial and residential rentals, vacation home rules, the allocation of income and expenses with mixed-use property, qualified business income deduction (QBID) safe harbor rules, and finally how to report the income and expenses on the taxpayer’s tax return. There will be a comprehensive example on properly completing Schedule E, Page 1.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Distinguish between commercial, residential (including Airbnb, VRBO and room rentals) and mixed-use rental property</li> <li>Calculate income and expenses from rental real estate including depreciation</li> <li>Summarize the vacation home rental rules</li> <li>Describe the requirements for QBID for rental real estate</li> <li>Prepare Schedule E, Page 1</li> </ul> <h3>Course Details</h3> <p>This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.</p> 2021-04-08T05:00:00Z2022-12-30T06:00:00ZNone2021-04-08T05:00:00ZODW2118Advanced2Federal Tax Law Topic0N/A2021-04-08T05:00:00ZQAS Self Study2Federal Tax Law Topic22TaxesKnowledge of federal income taxGenaro Cardaropoli, CPA, MPAFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPon-demand webinar2021June2022-12-31T06:00:00Z100 minutes8084063yesnoyesno
On-Demand WebinarPreparing Taxes for a Nonresident Alien with Form 1040-NR On-Demand Webinar<h3>Summary</h3> <p>A Form 1040-NR is required for filing taxes for a nonresident alien. As U.S. demographics continue to change, it’s critical you understand how to complete and file Form 1040-NR, <i>U.S. Nonresident Alien Income Tax Return</i>. 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>Webinar preview</h3> <iframe src="https://fast.wistia.net/embed/iframe/6b9vs05fqu" title="Webinar preview: Preparing Taxes for a Nonresident Alien with Form 1040-NR Video" allow="autoplay; fullscreen" allowtransparency="true" frameborder="0" scrolling="no" class="wistia_embed" name="wistia_embed" allowfullscreen 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>Analyze whether your client needs to file Form 1040-NR</li> <li>Differentiate between a resident and nonresident alien</li> <li>Classify income sources</li> <li>Prepare Form 1040-NR</li> </ul> <h3>Course Details</h3> <p>This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.</p> 2021-04-08T05:00:00Z2022-12-30T06:00:00ZNone2021-04-08T05:00:00ZODW2122Intermediate2Federal Tax Law Topic0N/A2021-04-08T05:00:00ZQAS Self Study2Federal Tax Law Topic22TaxesBasic understanding of federal taxation conceptsKatrina Haynes, CPAFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPon-demand webinar2021July2022-12-31T06:00:00Z100 minutes8084063yesnoyesno
On-Demand WebinarPreparing Taxes for Real Estate Professionals On-Demand webinar<h3>Summary</h3> <p>Many taxpayers took advantage of the current housing market to venture into owning real estate. However, to be classified as a real estate professional by the IRS, one must pass the yearly qualification tests. This course will identify the required factors to be considered as a real estate professional, and how to apply special active participation, material participation and passive activity rules. </p><h3>Webinar preview</h3> <iframe src="https://fast.wistia.net/embed/iframe/kmqu3mo8ev" title="Webinar preview: Preparing Taxes for Real Estate Professionals Video" allow="autoplay; fullscreen" allowtransparency="true" frameborder="0" scrolling="no" class="wistia_embed" name="wistia_embed" allowfullscreen 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 when an individual is classified as a real estate professional </li> <li>Summarize the pros and cons of grouping rental activities</li> <li>Identify the special active and material participation rules relating to the real estate professional</li> <li>Summarize the passive actively rules as they relate to real estate professionals and taxpayers who do not qualify as a real estate professional</li> </ul> <h3>Course Details</h3> <p>This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.</p> 2021-04-08T05:00:00Z2022-12-30T06:00:00ZNone2021-04-08T05:00:00ZODW2124Intermediate2Federal Tax Law Topic0N/A2021-04-08T05:00:00ZQAS Self Study2Federal Tax Law Topic22TaxesKnowledge of federal income taxBecky Van Dort, EAFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPon-demand webinar2021August2022-12-31T06:00:00Z100 minutes8084063yesnoyesno
On-Demand WebinarLearning to Set Up a Partnership On-Demand Webinar<h3>Summary</h3> <p>The first steps when learning to prepare partnership returns are to understand the set-up of the business and how it is taxed. In this session, we will review entity selection, basic taxation of partnerships and partners, income and expenses of partnerships, and will explain how to prepare a basic Form 1065, <i>U.S. Return of Partnership Income</i>.</p><h3>Webinar Preview</h3><iframe src="https://fast.wistia.net/embed/iframe/l3hvmoxnl7" title="Webinar preview: Partnerships series Video" allow="autoplay; fullscreen" allowtransparency="true" frameborder="0" scrolling="no" class="wistia_embed" name="wistia_embed" allowfullscreen 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 how to set up a partnership</li> <li>Describe the taxation of a partnership</li> <li>Compute the income and expenses of a partnership</li> <li>Define basis</li> <li>Prepare a basic Form 1065</li> </ul> <h3>Course Details</h3> <p>This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.</p> 2021-04-08T05:00:00Z2022-12-30T06:00:00ZNone2021-04-08T05:00:00ZODW2125Basic2Federal Tax Law Topic0N/A2021-04-08T05:00:00ZQAS Self Study2Federal Tax Law Topic22TaxesNoneJaye Tritz, EA, CFP(R)Federal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPon-demand webinar2021August2022-12-31T06:00:00Z100 minutes8084063yesnoyesno
On-Demand WebinarPreparing Complex Partnership Returns, Including PTPs On-Demand Webinar<h3>Summary</h3> <p>Learn to prepare a Form 1065, <i>U.S. Return of Partnership Income</i>, through comprehensive examples and illustrations. We will review basis adjustments, PPP loan effects on basis, AMT preferences, publicly traded partnerships, Schedule L, and Schedules M-1 and M-2. We will conclude by completing a complex partnership return.</p><h3>Webinar preview</h3><iframe src="https://fast.wistia.net/embed/iframe/l3hvmoxnl7" title="Webinar preview: Partnerships series Video" allow="autoplay; fullscreen" allowtransparency="true" frameborder="0" scrolling="no" class="wistia_embed" name="wistia_embed" allowfullscreen 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>Calculate inside and outside partnership basis</li> <li>Analyze the effects of contributions to and distributions from partnerships</li> <li>Identify the effect of AMT preferences</li> <li>Summarize the income and expenses of a publicly traded partnership’s Schedule K-1</li> <li>Complete Schedules L, M-1 and M-2 </li> <li>Prepare a complex partnership return</li> </ul> <h3>Course Details</h3> <p>This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.</p> 2021-04-09T05:00:00Z2022-12-30T06:00:00ZNone2021-04-09T05:00:00ZODW2127Advanced2Federal Tax Law Topic0N/A2021-04-09T05:00:00ZQAS Self Study2Federal Tax Law Topic22TaxesKnowledge of partnership tax lawJaye Tritz, EA, CFP(R)Federal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPon-demand webinar2021August2022-12-31T06:00:00Z100 minutes8084063yesnoyesno
On-Demand WebinarUnderstanding Partnerships Basis and Unreimbursed Expenses On-Demand Webinar<h3>Summary</h3> <p>This webinar will guide you through preparing a Form 1065 for a partnership. You’ll learn to differentiate between inside and outside basis, the effects of contributions, distributions and PPP loan effects on basis, as well as the treatment of vehicles used in the partnership. You will also learn about adding or removing partners.</p><h3>Webinar preview</h3><iframe src="https://fast.wistia.net/embed/iframe/l3hvmoxnl7" title="Webinar preview: Partnerships series Video" allow="autoplay; fullscreen" allowtransparency="true" frameborder="0" scrolling="no" class="wistia_embed" name="wistia_embed" allowfullscreen 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>Differentiate between inside and outside basis</li> <li>Summarize the effects of contributions to and distributions from partnerships</li> <li>Analyze the treatment of vehicle expenses</li> <li>Describe the treatment of unreimbursed partnership expenses</li> <li>Complete Form 1065, <i>U.S. Return of Partnership Income</i></li> </ul> <h3>Course Details</h3> <p>This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.</p> 2021-04-09T05:00:00Z2022-12-30T06:00:00ZNone2021-04-09T05:00:00ZODW2126Intermediate2Federal Tax Law Topic0N/A2021-04-09T05:00:00ZQAS Self Study2Federal Tax Law Topic22TaxesKnowledge of federal income taxJaye Tritz, EA, CFP(R)Federal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPon-demand webinar2021August2022-12-31T06:00:00Z100 minutes8084063yesnoyesno
On-Demand WebinarCompleting Form 8824 - Like-Kind Exchanges On-Demand Webinar<h3>Summary</h3> <p>Even though the <i>Tax Cuts and Jobs Act</i> (TCJA) limited the use of like-kind exchanges, it remains a powerful tax deferral tool for real property business or investment assets. In this webinar, we will discuss the basics of like-kind exchanges, including a reverse 1031 for tax deferral, and how to report realized and recognized gain on the exchange. We’ll complete an example Form 8824, <i>Like Kind Exchanges</i>.</p><iframe src="https://fast.wistia.net/embed/iframe/usqac4lozf" title="Webinar preview: Completing Form 8824 - Like-Kind Exchanges Video" allow="autoplay; fullscreen" allowtransparency="true" frameborder="0" scrolling="no" class="wistia_embed" name="wistia_embed" allowfullscreen 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 the requirements for a like-kind exchange, including a Starker, or reverse like-kind exchange</li> <li>Calculate realized and recognized gain from a like-kind exchange</li> <li>Calculate the basis of property acquired through a like-kind exchange</li> <li>Prepare Form 8824, <i>Like Kind Exchanges</i></li> </ul> <h3>Course Details</h3> <p>This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.</p> 2021-04-09T05:00:00Z2022-12-30T06:00:00ZNone2021-04-09T05:00:00ZODW2130Intermediate2Federal Tax Law Topic0N/A2021-04-09T05:00:00ZQAS Self Study2Federal Tax Law Topic22TaxesKnowledge of federal income taxLes Marti, EAFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPon-demand webinar2021September2022-12-31T06:00:00Z100 minutes8084063yesnoyesno
self studyPreparing Form 1116 for Foreign Tax Credits Self-Study<h3>Summary</h3> <p>The general purpose of the foreign tax credit is to mitigate the effects of double taxation on foreign-source income. More specifically, the foreign tax credit (FTC) reduces a U.S. taxpayer´s tax liability with respect to its foreign source income by all or part of the foreign taxes, paid or accrued during the tax year. The credit is generally limited to the lesser of the foreign tax paid or accrued, or the U.S. tax liability on the foreign source income. You need to know how to complete Form 1116, <i>Foreign Tax Credit (Individual, Estate, or Trust)</i>, to reduce the double taxation on their foreign-sourced income</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Differentiate between U.S. and foreign source income</li> <li>Apply the sourcing rules to maximize the foreign tax credit and minimize excess credits</li> <li>Compare the difference between the direct foreign tax credit and the indirect foreign tax credit</li> <li>Complete Form 1116 </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> 2021-04-30T05:00:00Z2022-12-30T06:00:00ZNone2021-07-01T05:00:00Z2021-07-01T05:00:00ZSS21360Basic2Federal Tax Law Topic0N/A2021-07-01T05:00:00Z2021-07-01T05:00:00ZQAS Self Study2Federal Tax Law Topic22TaxesNoneFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2021/PreparingForm1116ForeignTaxCredits_TOC.pdfself study2021July2022-12-31T06:00:00Z2022-12-31T06:00:00Z8084063nonoyesno
self studyResolving Complicated Partnership and S Corporation Activity Self-Study<h3>Summary</h3> <p>Enhance your tax business by expanding your knowledge of partnership and S corporation taxation. For partnerships, we will cover complicated activity such as guaranteed payments, making the §754 election, changes in partner ownership and hot assets. For S corporations we will cover reasonable compensation for shareholders, built-in-gains (BIG) tax and changes in shareholder ownership. For both partnerships and S corporations we will cover the basics of calculating and tracking a partner’s or shareholder’s basis along with its tax impact on distributions and losses. This course builds on our Basics of Business Entity Taxation course, by diving into items unique to partnerships and S corporations. </p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Calculate partner and shareholder basis</li> <li>Recognize tax basis partner capital accounts</li> <li>Identify when distributions to partners and shareholders are tax-free or taxable</li> <li>Determine when pass-through losses are deductible</li> <li>Summarize the difference between guaranteed payments for partners and reasonable compensation for shareholders</li> <li>Identify when a §754 election can be made by the partnership and who it impacts</li> <li>Identify hot assets</li> <li>Recognize when built-in-gains (BIG) tax applies for S corporations</li> <li>Summarize the tax impact of changes in ownership</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> 2021-06-09T05:00:00Z2022-12-31T06:00:00ZNone2021-08-01T05:00:00Z2021-08-01T05:00:00ZSS21366Intermediate8Federal Tax Law Topic 0N/A2021-08-01T05:00:00Z2021-08-01T05:00:00ZQAS Self Study8Federal Tax Law Topic 88TaxesBasic understanding of partnerships and S corporationsFederal Tax Law Topic 8 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2021/ResolvingComplicatedPartnershipandSCorpActivity_TOC.pdfself study2021August2022-12-31T06:00:00Z2022-12-31T06:00:00Z2122230167nonoyesno
Live WebinarChallenging an Assessed Tax Webinar<h3>Summary</h3> <p>This program will explain the opportunities for practitioners to reopen assessed tax liabilities, including audit reconsideration, doubt-as-to-liability offers, amending tax returns and challenging the assessment at a Collection Due Process (CDP) hearing. The program will explain each option and when practitioners should consider using each of them.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Describe how to request audit reconsideration</li> <li>Identify when it is possible to use an amended return to reopen a bad assessment</li> <li>Explain how doubt-as-to-liability offers work </li> <li>Explain how to use a CDP hearing to force a reconsideration of a tax liability</li> <li>Describe how to use refund requests to reopen a bad assessment</li> </ul> <h3>Course Details</h3> <p>Subject matter experts will answer your questions during the presentation. We make every effort to answer as many questions as possible during the webinar but we may not be able to directly address every question.</p> <p>This webinar includes the presentation slides, attendee top questions and access to the webinar recording.</p>2022-05-09T05:00:00Z2022-07-14T05:00:00ZNone2022-05-09T05:00:00Z2022-05-09T05:00:00ZWEB2225Basic2Federal Tax Law Topic0N/A2022-07-14T05:00:00Z2022-08-02T05:00:00ZGroup Internet Based2Federal Tax Law Topic22TaxesNoneEric Green, JDFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPlive webinar2022July2022-07-14T05:00:00Z2023-12-31T06:00:00Z100 minutes8488066Thursday, July 14, 10:00 a.m. - 12:00 p.m. CTThursday, July 14, 10:00 a.m. - 12:00 p.m. CTThursday, July 14, 10:00 a.m. - 12:00 p.m. CTPre-order on-demand webinarPre-order on-demand webinarPre-order on-demand webinaryesnoyesno
self studyPreparing the Report of Foreign Bank and Financial Accounts (FBAR) Self-Study<h3>Summary</h3> <p>As more U.S. taxpayers own foreign financial accounts, the likelihood increases that they will have to disclose that account information to the Financial Crimes Enforcement Network (FinCEN) by filing FinCEN Form 114, <i>Report of Foreign Bank and Financial Accounts </i>(FBAR). Tax professionals can assist these taxpayers by preparing and electronically filing FBARs on their behalf using the BSA E-Filing System. This course will help tax professionals determine which clients must file the FBAR, how to file and what to do to get their clients back on track when FBARs haven’t been filed.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify taxpayers who are required to file an FBAR</li> <li>Summarize the FBAR filing requirements</li> <li>List the penalties for failure to file a complete and correct FBAR</li> <li>Analyze the compliance options for filing delinquent FBARs</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> 2021-08-11T05:00:00Z2022-12-31T06:00:00ZNone2021-08-11T05:00:00Z2021-08-11T05:00:00ZSS21358Basic2Federal Tax Law Topic0N/A2021-08-11T05:00:00Z2021-08-11T05:00:00ZQAS Self Study2Federal Tax Law Topic22TaxesNoneFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/PreparingtheReportofFBAR_TOC.pdfself study2021October2022-12-31T06:00:00Z2022-12-31T06:00:00Z8084063Available October 2021Available October 2021Available October 2021Available October 2021nonoyesno
On-Demand WebinarCommunity Property - U.S. and Abroad On-Demand Webinar<h3>Summary</h3> <p>Community property laws affect how income is reported. In this session, learn the history of community property, its application, its benefits and detriments. We’ll also review international community property laws and their impact on U.S. tax filing obligations.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Explain why community property arises by operation of law</li> <li>Recognize that community property laws can help to protect the rights of spouses</li> <li>Distinguish between community and separate property</li> <li>Determine whether acquired property is subject to an applicable community property regime properly using the taxpayer’s domicile</li> <li>Summarize how to offer certain taxpayers relief from community property laws with the application of special allocation rules under §879</li> </ul> <h3>Course Details</h3> <p>This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.</p> 2021-07-19T05:00:00Z2022-12-31T06:00:00ZNone2021-07-19T05:00:00ZODW2164Intermediate2Federal Tax Law Topic0N/A2021-07-19T05:00:00ZQAS Self Study2Federal Tax Law Topic22TaxesGeneral knowledge of federal income taxationLaura Strombom, EA, MBA, NTPI FellowFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPon-demand webinar2021August2022-12-31T06:00:00Z100 minutes8084063yesnoyesno
On-Demand WebinarPayroll Tax Updates & Emerging Hot Topics for 2022 On-Demand Webinar<h3>Summary</h3> <p>This last year has continued to be a busy one in terms of new and changing legislation impacting tax laws at the federal, state and local level. As a tax professional, it is more important than ever to understand the changes brought on by the COVID-19 pandemic and what will carry over into the 2022 tax year. We will provide important updates that may significantly impact your payroll and tax preparation.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify changes to paid sick and family leave reporting requirements</li> <li>Assess the impact of the employee retention tax credit versus other income tax items for the 2021 tax year</li> <li>Describe payroll and state income tax apportionment considerations for a post-pandemic workforce</li> <li>Analyze examples of income tax credits that may be applied to payroll taxes, including completing Form 941</li> <li>Describe repayment of deferred payroll taxes</li> <li>Identify key insights to minimum wage changes, certain tax payroll form updates and IRS contribution limit changes</li> </ul> <h3>Course Details</h3> <p>This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.</p> 2021-10-28T05:00:00Z2022-12-31T06:00:00Z2021-10-28T05:00:00ZBPEODW2175Update1Federal Tax Law Update0N/A2021-10-28T05:00:00ZQAS Self StudyPremium: $0 | Professional: $0 | Basic: $0 | Nonmembers: Not available1Federal Tax Law Update11TaxesBasic knowledge of payroll taxMichael A. Smith, CPA, CGMA; Eric Ruden, Esq.; Tracy Sigmann, CPP, PHR, SHRM-CPFederal Tax Law Update1 CPE for AFSP, EA, CPA, CRTPon-demand webinar2021December2022-12-31T06:00:00Z50 minutesyesnoyesno
self studyTax Season Updates Self-Study<h3>Summary</h3> <p>Find out the latest tax law changes, guidance and forms from the <i>Consolidated Appropriations Act, 2021, American Rescue Plan</i> and other COVID-19 related legislation with real-life examples. Taught by a team of instructors using job aids and hands-on learning tools, this event provides detailed, in-depth information on the most recent legislation and IRS updates essential to prepare and guide tax professionals through a challenging tax season. Updates include individual, business and payroll topics. As a trusted resource for tax professionals, we will also include and interpret the most recent, up-to-the-minute legislative and IRS updates as they become available. </p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Analyze new tax laws and developments for individuals, and how they affect your clients, including provisions from the <i>Consolidated Appropriations Act, 2021</i>, and the <i>American Rescue Plan</i></li> <li>Analyze new tax laws and developments for businesses </li> <li>Determine the tax treatment of different sources of income </li> <li>Analyze the change in tax rules for certain credits and deductions including the expanded child tax credit</li> <li>Interpret the latest court decisions and IRS rulings</li> <li>Apply inflation-adjusted amounts to 2021 individual tax returns</li> <li>Identify extended and expired tax provisions</li> <li>Determine advance tax planning opportunities</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> 2021-11-11T06:00:00Z2022-12-31T06:00:00ZNone2021-11-11T06:00:00Z2021-11-11T06:00:00ZSS21301Update16Federal Tax Law Update0N/A2021-11-11T06:00:00Z2021-11-11T06:00:00ZQAS Self Study16Federal Tax Law Update1616TaxesKnowledge and experience with individual and business income taxFederal Tax Law Update16 CPE for AFSP, EA, CPA, CRTPself study20212022-12-31T06:00:00Z2022-12-31T06:00:00Z4114330325Available November 2021Available November 2021Available November 2021Available November 2021nonoyesno
self studyIntroduction to Schedule C Self-Study <h3>Summary</h3> <p>This course provides tax preparers with the information needed to prepare sole proprietorship tax returns. The text focuses on assessing if the taxpayer is in a trade or business, or a hobby, which items of income are taxable and which expenses are deductible, along with the preparation of Schedule C, <i>Profit or Loss from Business</i>. Additional topics covered are business vehicles and deductions related to their use, business use of home, depreciation, as well as the calculation of self-employment tax for the sole proprietor.</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 trade or business </li> <li>Identify types of income and expenses reported on Schedule C</li> <li>Prepare Schedule C and Schedule SE, <i>Self-Employment Tax</i></li> <li>Determine the business use of a vehicle and the substantiation requirements</li> <li>Compare and contrast standard mileage and actual vehicle expenses </li> <li>Summarize the differences between MACRS, §179 and bonus depreciation and prepare Form 4562, <i>Depreciation and Amortization</i></li> <li>Determine home office eligibility and prepare 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> 2022-04-04T05:00:00Z2022-12-31T06:00:00ZNone2022-05-16T05:00:00Z2022-05-16T05:00:00ZSS22315Basic8Federal Tax Law Topic0N/A2022-05-16T05:00:00Z2022-05-16T05:00:00ZQAS Self Study8Federal Tax Law Topic88TaxesNoneFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2022/SS22_IntroductiontoScheduleC_TOC.pdfself study2022June2023-12-31T06:00:00Z2022-12-31T06:00:00Z2222340176nonoyesno
self studyMilitary Tax Issues Self-Study<h3>Summary</h3> <p>When working with a member of the military, there are special tax provisions of which tax professionals must be aware. This course will familiarize you with these provisions, such as income that is excludable for tax purposes as well as deductions they are entitled to. You will also identify scenarios when it would be beneficial to include their nontaxable income for the earned income credit (EIC) and be able to provide an overview of tax implications for military pensions and veteran benefits.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to:<ul> <li>Identify military pay that can be excluded from income</li> <li>Determine adjustments available to military personnel</li> <li>Predict if nontaxable combat pay should be included in earned income for EIC purposes</li> <li>Recognize special provisions related to excluding gain from the sale of a principle residence or foreclosures</li> <li>Identify and apply for forgiveness of a decedent’s tax liability</li> <li>Determine the deadlines applicable to military personnel</li> <li>Calculate the taxation of military pensions and veteran’s benefits</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> 2022-04-14T05:00:00Z2023-12-31T06:00:00ZNone2022-04-14T05:00:00Z2022-04-14T05:00:00ZSS22326Basic2Federal Tax Law Topic0N/A2022-04-14T05:00:00Z2022-04-14T05:00:00ZQAS Self Study2Federal Tax Law Topic22TaxesNoneFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2022/SS22_MilitaryTaxIssues_TOC.pdfself study2022May2022-12-31T06:00:00Z2022-12-31T06:00:00Z8488066Available May 2022Available May 2022Available May 2022Available May 2022nonoyesno
On-Demand WebinarReporting and Reconciling the Child Tax Credit On-Demand Webinar<h3>Summary</h3> <p>The <i>American Rescue Plan Act (ARP) of 2021</i> made changes to the child tax credit, including advance payments of the credit during the year. Currently, the changes impact returns filed for the 2021 tax year only. Tax preparers must reconcile the credit using Schedule 8812, <i>Credits for Qualifying Children and Other Dependents</i>. This webinar will cover the changes to the child tax credit as well as walk through reconciling the advance child tax credit payments.</p><iframe src="https://fast.wistia.net/embed/iframe/nt91lvuwbi" title="Webinar preview: Reporting and Reconciling the Child Tax Credit Video" allow="autoplay; fullscreen" allowtransparency="true" frameborder="0" scrolling="no" class="wistia_embed" name="wistia_embed" 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>Determine the amount of child tax credit the taxpayer is eligible to receive</li> <li>Identify when taxpayers are eligible for the repayment projection</li> <li>Prepare Schedule 8812</li> </ul> <h3>Course Details</h3> <p>This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.</p> 2022-01-10T06:00:00Z2023-12-31T06:00:00ZNone2022-01-10T06:00:00ZODW2206Basic1Federal Tax Law Topic0N/A2022-01-10T06:00:00ZQAS Self Study1Federal Tax Law Topic11TaxesNoneMisty Erickson Federal Tax Law Topic1 CPE for AFSP, EA, CPA, CRTPon-demand webinar2022March2023-12-31T06:00:00Z50 minutes4042032yesnoyesno
self studyIntroduction to Fixed Assets Self-Study<h3>Summary</h3> <p>This course introduces the basic depreciation concepts on Form 4562, <i>Depreciation and Amortization</i>, including the §179 election to expense certain depreciable business assets and bonus depreciation. It also reviews the special rules for listed property (passenger automobiles, etc.). Finally, the course explains how to report the sale of business property on Form 4797, as well as the tax consequences of these 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 or a repair</li> <li>Complete Form 4562 when required</li> <li>Report the disposition of business property on 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>2022-02-24T06:00:00Z2023-12-31T06:00:00ZNone2022-02-24T06:00:00Z2022-02-24T06:00:00ZSS22314Basic4Federal Tax Law Topic0N/A2022-02-24T06:00:00Z2022-02-24T06:00:00ZQAS Self Study4Federal Tax Law Topic44TaxesNoneFederal Tax Law Topic4 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2022/SS22_IntroductiontoFixedAssets_TOC.pdfself study20222023-12-31T06:00:00Z2022-12-31T06:00:00Z1341410106Available May 2022Available May 2022Available May 2022Available May 2022nonoyesno
On-Demand WebinarAre You Ready for Tax Season On-Demand Webinar<h3>Summary</h3> <p>With legislation passed right before the start of tax season, this webinar will be your update on key last-minute changes. We’ll start with the most recent legislation passed, <i>Infrastructure Investment and Jobs Act</i>, and if passed, the <i>Build Back Better Act</i>. Then, we’ll discuss new reporting requirements as a result of the <i>Corporate Transparency Act</i>, and new filing requirements for Form 1099-K, <i>Payment Card and Third-Party Network Transactions</i>. <p> Most of your individual client returns will include significant changes and challenges as a result of the child tax credit, and we’ll provide you with key tips on its reconciliation and best practices to get the correct information from clients. Also, all taxpayers will need to report their financial interest in virtual currency. We’ll discuss the updated guidance on how virtual currency is taxed and help you understand the reporting obligations. </p> <p><strong>Important reminder for Tax Season Updates registrants:</strong> The on-demand version of this webinar is included with your Tax Season Updates registration (in-person and virtual) at no additional cost.</p><iframe src="https://fast.wistia.net/embed/iframe/e3o2ejh0n7" title="Webinar preview: Are You Ready for Tax Season? Video" allow="autoplay; fullscreen" allowtransparency="true" frameborder="0" scrolling="no" class="wistia_embed" name="wistia_embed" 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 key new tax law changes </li> <li>Analyze significant changes to the child tax credit</li> <li>Describe changes to the updated Form 1099-K </li> <li>Summarize new guidance on the taxation of virtual currency and understand reporting obligations</li> </ul> <h3>Course Details</h3> <p>This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.</p> 2021-12-02T06:00:00Z2022-12-31T06:00:00ZNone2021-12-02T06:00:00ZODW2202Update2Federal Tax Law Update0N/A2021-12-02T06:00:00ZQAS Self Study2Federal Tax Law Update22TaxesBasic Knowledge of Federal Income TaxAJ Reynolds, EAFederal Tax Law Update2 CPE for AFSP, EA, CPA, CRTPon-demand webinar2022January2022-12-31T06:00:00Z100 minutes8084063yesnoyesno
On-Demand WebinarDetermining Qualifying Dependents On-Demand Webinar<h3>Summary</h3> <p>The rules to determine if an individual is a qualifying child or a qualifying relative dependent can be complex and sometimes confusing. This can especially cause tax preparers angst when clients are separated, divorced or have another family dynamic. This webinar will discuss different family situations and which taxpayer is eligible to claim the child or relative in that situation, as well as the credits attached to the dependent.</p><iframe src="https://fast.wistia.net/embed/iframe/gccnqiltx3" title="Webinar preview: Determining Qualifying Dependents Video" allow="autoplay; fullscreen" allowtransparency="true" frameborder="0" scrolling="no" class="wistia_embed" name="wistia_embed" 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 the custodial vs. noncustodial parent</li> <li>Apply the five tests of a qualifying child</li> <li>Determine whether a child is a qualifying child or qualifying relative</li> <li>Describe when the CTC, ODC or ACTC is allowable</li> </ul> <h3>Course Details</h3> <p>This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.</p> 2021-12-02T06:00:00Z2022-12-30T06:00:00ZNone2021-12-02T06:00:00ZODW2203Basic1Federal Tax Law Topic0N/A2021-12-02T06:00:00ZQAS Self Study1Federal Tax Law Topic11TaxesNoneKimberly Nava-Jones, EAFederal Tax Law Topic1 CPE for AFSP, EA, CPA, CRTPon-demand webinar2022February2022-12-31T06:00:00Z100 minutes4042032yesnoyesno
On-Demand WebinarCalculating the Earned Income Credit on a 2021 Tax Return On-Demand Webinar<h3>Summary</h3> <p>Tax returns filed by tax preparers that include the earned income tax credit (EIC), a refundable income tax credit for working individuals and families whose earnings are under a certain income threshold, are commonly audited by the IRS and subject to additional due diligence requirements. To avoid being penalized by the IRS, it’s important to correctly calculate and claim this credit. This webinar will cover EIC rules, common errors made in calculating and claiming the credit, consequences of disallowance by the IRS and the requirements imposed on tax preparers for EIC due diligence.</p><iframe src="https://fast.wistia.net/embed/iframe/eas9voqddr" title="Webinar preview: Calculating the Earned Income Credit on a 2021 Tax Return Video" allow="autoplay; fullscreen" allowtransparency="true" frameborder="0" scrolling="no" class="wistia_embed" name="wistia_embed" 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 EIC qualifications</li> <li>Review rules for everyone including individuals with no children</li> <li>Outline requirements for tax preparer due diligence</li> </ul> <h3>Course Details</h3> <p>This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.</p> 2021-12-02T06:00:00Z2022-12-30T06:00:00ZNone2021-12-02T06:00:00ZODW2204Basic1Federal Tax Law Topic0N/A2021-12-02T06:00:00ZQAS Self Study1Federal Tax Law Topic11TaxesNoneAmy Wall, MBA, EAFederal Tax Law Topic1 CPE for AFSP, EA, CPA, CRTPon-demand webinar2022February2022-12-31T06:00:00Z50 minutes4042032yesnoyesno
On-Demand WebinarHelping Clients Plan for Higher Education On-Demand Webinar<h3>Summary</h3> <p>As our clients’ children grow up and go off to college, there are still tax benefits available to help offset the rising costs of education. After a review of qualified higher education expenses, this webinar will address the requirements and calculation of the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LLC). We will review the impacts of distributions from §529 plans and scholarships on the education credits and how to maximize the client’s tax benefits. Lastly, we will review your due diligence requirements as a result of reporting the AOTC on your client’s tax return.</p><iframe src="https://fast.wistia.net/embed/iframe/t1s3zmc0vo" title="Webinar preview: Helping Clients Plan for Higher Education Video" allow="autoplay; fullscreen" allowtransparency="true" frameborder="0" scrolling="no" class="wistia_embed" name="wistia_embed" 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 requirements for American opportunity tax credit (AOTC) and the lifetime learning credit (LLC)</li> <li>Calculate education tax credits </li> <li>Determine the taxable portion of a §529 plan distribution</li> </ul> <h3>Course Details</h3> <p>This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.</p> 2021-12-02T06:00:00Z2022-12-30T06:00:00ZNone2021-12-02T06:00:00ZODW2205Basic1Federal Tax Law Topic0N/A2021-12-02T06:00:00ZQAS Self Study1Federal Tax Law Topic11TaxesNoneKathryn Keane, EA, NTPI FellowFederal Tax Law Topic1 CPE for AFSP, EA, CPA, CRTPon-demand webinar2022February2022-12-31T06:00:00Z50 minutes4042032yesnoyesno
On-Demand WebinarTax Rules and Reporting of Virtual Currency On-Demand Webinar<h3>Summary</h3> <p>Bitcoin, Litecoin and Ethereum are examples of types of cryptocurrency, which is an internet-based exchange medium to conduct financial transactions. The IRS has special requirements for reporting income received by selling, trading and exchanging cryptocurrencies. This webinar reviews IRS regulations released to date and how to implement those regulations. We’ll also cover the nuances of the new virtual currency disclosure question on Form 1040, <i>U.S. Individual Income Tax Return</i>.</p><iframe src="https://fast.wistia.net/embed/iframe/xytdt93fp8" title="Webinar preview: Tax Rules and Reporting of Virtual Currency Video" allow="autoplay; fullscreen" allowtransparency="true" frameborder="0" scrolling="no" class="wistia_embed" name="wistia_embed" 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>Review IRS guidance issued to date</li> <li>Summarize how to report gains and losses from cryptocurrency sales and trades</li> <li>Identify how to report other types of cryptocurrency transactions </li> <li>Determine if taxpayer engaged in virtual currency transactions for purposes of answering the disclosure question on Forms 1040 </li> <li>Analyze other aspects of the Cryptoverse </li> </ul> <h3>Course Details</h3> <p>This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.</p> 2022-03-14T05:00:00Z2023-12-30T06:00:00ZNone2022-03-14T05:00:00ZODW2214Basic2Federal Tax Law Topic0N/A2022-03-14T05:00:00ZQAS Self Study2Federal Tax Law Topic22TaxesNoneAmy Wall, MBA, EAFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPon-demand webinar2022June2023-12-31T06:00:00Z100 minutes8488066Available June 2022Available June 2022yesnoyesno
self studyBasics of Basis Self-Study<h3>Summary</h3> <p>When buying or selling assets, the basis of those items is critical to the future calculation of capital recovery, gain or loss realization and recognition, and depreciation. This course provides the tools to determine an asset’s initial basis and adjustments to that basis. Assets discussed include tangible or intangible property, including 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 the partner’s outside and inside basis in a partnership</li> <li>Identify the differences between the 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> 2022-02-24T06:00:00Z2023-12-31T06:00:00ZNone2022-02-24T06:00:00Z2022-02-24T06:00:00ZSS22305Basic4Federal Tax Law Topic0N/A2022-02-24T06:00:00Z2022-02-24T06:00:00ZQAS Self Study4Federal Tax Law Topic44TaxesNoneFederal Tax Law Topic4 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2022/SS22_BasicsofBasis_TOC.pdfself study2022May2023-12-31T06:00:00Z2022-12-31T06:00:00Z1341410106Available May 2022Available May 2022Available May 2022Available May 2022nonoyesno
On-Demand WebinarReporting Repossessions and Cancellation of Debt Income On-Demand Webinar<h3>Summary</h3> <p>Financial hardships cause taxpayers to abandon properties, have their properties foreclosed upon, file bankruptcy and restructure their debt. Tax preparers have seen more Forms 1099-A, <i>Acquisition or Abandonment of Secured Property</i>, and 1099-C, <i>Cancellation of Debt</i>, included in taxpayers’ year-end information. Our job is to determine whether the taxpayer has taxable income as a result and how to report it. Additionally, we will review when to use Form 982, <i>Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment)</i>.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Illustrate how the taxpayer reports Form 1099-A and Form 1099-C </li> <li>Determine whether there is taxable income from the cancellation of debt (COD) </li> <li>Identify the deemed selling price when reporting a Form 1099-A sale</li> <li>Complete Form 982</li> </ul> <h3>Course Details</h3> <p>This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.</p> 2022-03-03T06:00:00Z2023-12-31T06:00:00ZNone2022-03-03T06:00:00ZODW2212Basic2Federal Tax Law Topic0N/A2022-03-03T06:00:00ZQAS Self Study2Federal Tax Law Topic22TaxesNoneLawrence Zimbler, MST, EAFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPon-demand webinar2022May2023-12-31T06:00:00Z100 minutes8488066Available May 2022Available May 2022yesnoyesno
self studyIntroduction to Individual Tax Preparation Self-Study<h3>Summary</h3> <p>If you’re looking where to start to learn the basics of tax preparation, this is it. This course outlines the basics of individual income tax reporting with a step-by-step analysis of Form 1040, <i>U.S. Individual Income Tax Return</i>, and its accompanying schedules. You will learn what schedules and forms you need to prepare based on the information provided by the client. At the end of this course, you will be prepared to complete basic income tax returns.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify a taxpayer’s filing requirements and filing status </li> <li>Identify who is eligible to be claimed as a dependent</li> <li>Summarize different types of income and adjustments to income</li> <li>Compare itemized deductions and the standard deduction</li> <li>Distinguish between nonrefundable and refundable income tax credits</li> <li>Calculate an individual client’s federal income tax liability</li> <li>Prepare Form 1040</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> 2022-04-04T05:00:00Z2023-12-31T06:00:00ZNone2022-05-18T05:00:00Z2022-05-18T05:00:00ZSS22320Basic0N/A0N/A2022-05-18T05:00:00Z2022-04-04T05:00:00ZQAS Self Study16Federal Tax Law Topic1616TaxesNoneFederal Tax Law Topic16 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2022/SS22_IntrotoIndvTaxPrep_TOC.pdfself study2022June2023-12-31T06:00:00Z2022-12-31T06:00:00Z4324550341nonoyesno
self studyLike-Kind Exchanges Self-Study<h3>Summary</h3> <p>This course is designed to help tax professionals recognize qualifications and tax reporting of like-kind exchanges under §1031. We’ll explorer the basic tax and nontax treatment of like-kind exchanges along with related transactions that apply to the like-kind exchange.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify qualifying like-kind property</li> <li>Calculate the tax basis of property received in a like-kind exchange</li> <li>Describe the tax consequences of related party exchanges</li> <li>Report a like-kind exchange on Form 8824</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> 2022-04-04T05:00:00Z2023-12-31T06:00:00ZNone2022-05-19T05:00:00Z2022-05-19T05:00:00ZSS22350Intermediate4Federal Tax Law Topic0N/A2022-05-19T05:00:00Z2022-04-04T05:00:00ZQAS Self Study4Federal Tax Law Topic44TaxesBasic understanding of sale of real propertyFederal Tax Law Topic4 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2022/SS22_Like-kindExchanges_TOC.pdfself study2022June2023-12-31T06:00:00Z2022-12-31T06:00:00Z1341410106nonoyesno
self studyPreparing Form 1040-NR for Nonresident Aliens Self-Study<h3>Summary</h3> <p>Generally, a U.S. tax return must be filed when nonresident aliens have U.S.-source income. As U.S. demographics continue to change, tax professionals must understand how to complete and file Form 1040-NR, <i>U.S. Nonresident Alien Income Tax Return</i>. This course will help tax professionals determine if Form 1040-NR is required by explaining the differences between a resident alien and a nonresident alien, and determining the the income source. It also provides a comprehensive example of Form 1040-NR with the associated schedules and tips for preparing the form. </p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <liAnalyze whether your client needs to file Form 1040-NR></li> <li>Differentiate between a resident alien and a nonresident alien</li> <li>Classify the source of income</li> <li>Identify income effectively connected with a U.S. trade or business</li> <li>Prepare Form 1040-NR, including Schedules A, NEC and OI</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> 2022-04-04T05:00:00Z2023-12-31T06:00:00ZNone2022-05-03T05:00:00Z2022-05-03T05:00:00ZSS22359Basic2Federal Tax Law Topic0N/A2022-05-03T05:00:00Z2022-04-04T05:00:00ZQAS Self Study2Federal Tax Law Topic22TaxesNoneFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2022/SS22_PreparingForm1040-NRforNonresidentAliens_TOC.pdfself study2022June2023-12-31T06:00:00Z2022-12-31T06:00:00Z8488066Available June 2022Available June 2022Available June 2022Available June 2022nonoyesno
self studyPreparing Form 1116 for Foreign Tax Credits Self-Study<h3>Summary</h3> <p>The general purpose of the foreign tax credit (FTC) is to mitigate the effects of double taxation on foreign-source income. More specifically, the FTC reduces a U.S. taxpayer´s tax liability with respect to its foreign-source income by all or part of the foreign taxes paid or accrued during the tax year. The credit is generally limited to the lesser of the foreign tax paid or accrued, or the U.S. tax liability on the foreign-source income. You need to know how to complete Form 1116, <i>Foreign Tax Credit (Individual, Estate, or Trust)</i>, to reduce the double taxation on their foreign-sourced income.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Differentiate between U.S.- and foreign-source income</li> <li>Apply the sourcing rules to maximize the foreign tax credit and minimize excess credits</li> <li>Compare the difference between the direct foreign tax credit and the indirect foreign tax credit</li> <li>Complete Form 1116 </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> 2022-04-04T05:00:00Z2023-12-31T06:00:00ZNone2022-05-19T05:00:00Z2022-05-19T05:00:00ZSS22360Basic2Federal Tax Law Topic0N/A2022-05-19T05:00:00Z2022-04-04T05:00:00ZQAS Self Study2Federal Tax Law Topic22TaxesNoneFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2022/SS22_PreparingForm1116forForeignTaxCredits_TOC.pdfself study2022June2023-12-31T06:00:00Z2022-12-31T06:00:00Z8488066nonoyesno
Live WebinarHandling Retirement Plans for the Small Employer Webinar<h3>Summary</h3> <p>Providing a retirement package can be difficult for a small employer, but they can help attract and retain good employees. This course will provide insight into a variety of retirement packages small employers can offer their employees with minimal administrative burdens. Learn how to calculate the maximum contribution for the various plans, identify which employees are eligible for participation and identify the employer’s responsibility for properly funding the plan. We will also dive into contributions for the business owners, including shareholders, partners and sole proprietors.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify the various retirement plans available to small employers including SEPs, SIMPLE and 401(k)s</li> <li>Calculate the maximum 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> <li>Distinguish between the tax treatment of sole proprietors, partnerships and corporations with regard to retirement plans</li> </ul> <h3>Course Details</h3> <p>Subject matter experts will answer your questions during the presentation. We make every effort to answer as many questions as possible during the webinar but we may not be able to directly address every question.</p> <p>This webinar includes the presentation slides, attendee top questions and access to the webinar recording.</p>2022-04-06T05:00:00Z2022-06-14T05:00:00ZNone2022-04-06T05:00:00Z2022-04-06T05:00:00Z2022-04-06T05:00:00ZWEB2220Basic2Federal Tax Law Topic0N/A2022-06-14T05:00:00Z2022-06-15T05:00:00Z2022-07-06T05:00:00ZGroup Internet Based2Federal Tax Law Topic22TaxesNoneJake Linney, CPC, CPFAFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPlive webinar2022June2022-06-14T05:00:00Z2022-06-15T05:00:00Z2023-12-31T06:00:00Z100 minutes8488066Tuesday, June 14, 2:00 p.m. - 4:00 p.m. CTTuesday, June 14, 2:00 p.m. - 4:00 p.m. CTTuesday, June 14, 2:00 p.m. - 4:00 p.m. CTWednesday, June 15, 10:00 a.m. - 12:00 p.m. CTWednesday, June 15, 10:00 a.m. - 12:00 p.m. CTWednesday, June 15, 10:00 a.m. - 12:00 p.m. CTPre-order on-demand webinarPre-order on-demand webinarPre-order on-demand webinaryesnoyesno
On-Demand WebinarHandling Retirement Plans for the Small Employer On-Demand Webinar<h3>Summary</h3> <p>Providing a retirement package can be difficult for a small employer, but they can help attract and retain good employees. This course will provide insight into a variety of retirement packages small employers can offer their employees with minimal administrative burdens. Learn how to calculate the maximum contribution for the various plans, identify which employees are eligible for participation and identify the employer’s responsibility for properly funding the plan. We will also dive into contributions for the business owners, including shareholders, partners and sole proprietors.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify the various retirement plans available to small employers including SEPs, SIMPLE and 401(k)s</li> <li>Calculate the maximum 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> <li>Distinguish between the tax treatment of sole proprietors, partnerships and corporations with regard to retirement plans</li> </ul> <h3>Course Details</h3> <p>This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.</p>2022-04-06T05:00:00Z2023-12-30T06:00:00ZNone2022-04-06T05:00:00ZODW2220Basic2Federal Tax Law Topic0N/A2022-04-06T05:00:00ZQAS Self Study2Federal Tax Law Topic22TaxesNoneJake Linney, CPC, CPFAFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPon-demand webinar2022July2023-12-31T06:00:00Z100 minutes8488066Available July 2022Available July 2022yesnoyesno
On-Demand WebinarPreparing Taxes for a Farmer On-Demand Webinar<h3>Summary</h3> <p>Farming is a unique activity with its own set of special tax issues. Farmers may deduct real estate and personal property taxes on farm business assets, expenses including depreciation on farm equipment, animals, buildings and more. It is also important to identify if a taxpayer’s farming activity is considered a hobby or an activity entered into for a profit. Finally, the webinar will discuss farm income averaging, completing Schedule F (Form 1040), <i>Profit or Loss From Farming</i>, and Schedule J (Form 1040), <i>Income Averaging for Farmers</i>.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Evaluate whether a client’s farming activity is a hobby or for- profit, and summarize the implications</li> <li>Identify various types of farm income and expenses</li> <li>Outline farm income averaging and when to use it</li> <li>Prepare Schedule F and Schedule J </li> </ul> <h3>Course Details</h3> <p>This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.</p> 2022-04-18T05:00:00Z2023-12-31T06:00:00ZNone2022-04-18T05:00:00ZODW2222Basic2Federal Tax Law Topic0N/A2022-04-18T05:00:00ZQAS Self Study2Federal Tax Law Topic22TaxesNoneBrad Messner, MBA, EAFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPon-demand webinar2022July2023-12-31T06:00:00Z100 minutes8488066Available July 2022Available July 2022yesnoyesno
Live WebinarPreparing Taxes for a Farmer Webinar<h3>Summary</h3> <p>Farming is a unique activity with its own set of special tax issues. Farmers may deduct real estate and personal property taxes on farm business assets, expenses including depreciation on farm equipment, animals, buildings and more. It is also important to identify if a taxpayer’s farming activity is considered a hobby or an activity entered into for a profit. Finally, the webinar will discuss farm income averaging, completing Schedule F (Form 1040), <i>Profit or Loss From Farming</i>, and Schedule J (Form 1040), <i>Income Averaging for Farmers.</i></p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Evaluate whether a client’s farming activity is a hobby or for profit, and summarize the implications</li> <li>Identify various types of farm income and expenses</li> <li>Outline farm income averaging and when to use it</li> <li>Prepare Schedule F and Schedule J </li> </ul> <h3>Course Details</h3> <p>Subject matter experts will answer your questions during the presentation. We make every effort to answer as many questions as possible during the webinar but we may not be able to directly address every question.</p> <p>This webinar includes the presentation slides, attendee top questions and access to the webinar recording.</p>2022-04-18T05:00:00Z2022-06-28T05:00:00ZNone2022-04-18T05:00:00Z2022-04-18T05:00:00Z2022-04-18T05:00:00ZWEB2222Basic2Federal Tax Law Topic0N/A2022-06-28T05:00:00Z2022-06-29T05:00:00Z2022-07-18T05:00:00ZGroup Internet Based2Federal Tax Law Topic22TaxesNoneBrad Messner, MBA, EAFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPlive webinar2022June2022-06-28T05:00:00Z2022-06-29T05:00:00Z2023-12-31T06:00:00Z100 minutes8488066Tuesday, June 28, 2:00 p.m. - 4:00 p.m. CTTuesday, June 28, 2:00 p.m. - 4:00 p.m. CTTuesday, June 28, 2:00 p.m. - 4:00 p.m. CTWednesday, June 29, 10:00 a.m. - 12:00 p.m. CTWednesday, June 29, 10:00 a.m. - 12:00 p.m. CTWednesday, June 29, 10:00 a.m. - 12:00 p.m. CTPre-order on-demand webinarPre-order on-demand webinarPre-order on-demand webinaryesnoyesno
self studyUnderstanding Common IRS Penalties Self-Study<h3>Summary</h3> <p>Penalties are the cornerstone of noncompliance deterrence. From 1955 to present, the number of penalties enforced by the IRS increased from 14 to more than 10 times that. This course will help you understand common IRS penalties and options for obtaining relief.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify common penalties assessable against a taxpayer</li> <li>List the types of penalty relief</li> <li>Prepare a penalty abatement letter</li> <li>Identify common penalties assessable against a tax preparer</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>2022-03-14T05:00:00Z2023-12-31T06:00:00ZNone2022-03-14T05:00:00Z2022-03-14T05:00:00ZSS22337Basic2Federal Tax Law Topic0N/A2022-03-14T05:00:00Z2022-03-14T05:00:00ZQAS Self Study2Federal Tax Law Topic22TaxesNoneFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2022/SS22_UnderstandingCommonIRSPenalties_TOC.pdfself study2022May2023-12-31T06:00:00Z2022-12-31T06:00:00Z8488066Available May 2022Available May 2022Available May 2022Available May 2022nonoyesno
self studyTax Issues of Divorce Self-Study<h3>Summary</h3> <p>Divorce can be an emotional rollercoaster for both parties involved. Understanding the complications and economic effect at the tax level reassures taxpayers that their returns have been prepared properly. It’s your responsibility as the tax preparer to explain the tax implications of divorce and report the income and expenses correctly on the individuals’ returns. <p>When children are involved, it can be tricky to determine which taxpayer may claim the child for certain tax provisions. Also, knowing how to distinguish between child support and other payments is required to complete the tax return properly. Being prepared when clients come to you in the midst of a divorce can alleviate tax filing problems. </p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify the most appropriate filing status for divorced or separated taxpayers</li> <li>Summarize the exceptions to joint and several liability when a joint return has been filed</li> <li>Determine which parent is eligible to treat their child as a dependent for various tax benefits</li> <li>Identify the custodial parent for tax purposes</li> <li>Differentiate 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 any tax carryforwards</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> 2022-03-08T06:00:00Z2023-12-31T06:00:00ZNone2022-03-08T06:00:00Z2022-03-08T06:00:00ZSS22334Basic2Federal Tax Law Topic0N/A2022-03-08T06:00:00Z2023-03-08T06:00:00ZQAS Self Study2Federal Tax Law Topic22TaxesNoneFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2022/SS22_TaxIssuesofDivorce_TOC.pdfself study20222023-12-31T06:00:00Z2022-12-31T06:00:00Z8488066Available May 2022Available May 2022Available May 2022Available May 2022nonoyesno
On-Demand WebinarFiling Amended Returns for Your Clients On-Demand Webinar<h3>Summary</h3> <p>Life is full of mistakes, and the tax world is no different. A client may have forgotten to provide a form, received a corrected form, or you may discover an error with the original preparation of the return. In these cases, Form 1040-X, <i>Amended U.S. Individual Income Tax Return</i>, or a superseding return can be filed to correct the situation. During this webinar we will discuss when an amended return should be filed and walk through the preparation of Form 1040-X.</p><iframe src="https://fast.wistia.net/embed/iframe/66vrmh2k1u" title="Webinar preview: Filing Amended Returns for Your Clients Video" allow="autoplay; fullscreen" allowtransparency="true" frameborder="0" scrolling="no" class="wistia_embed" name="wistia_embed" 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 when to file a Form 1040-X, <i>Amended U.S. Individual Income Tax Return</i></li> <li>Determine when an amended Form 1040-X can be filed electronically</li> <li>Prepare Form 1040-X</li> </ul> <h3>Course Details</h3> <p>This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.</p> 2022-03-08T06:00:00Z2023-12-31T06:00:00ZNone2022-03-08T06:00:00ZODW2213Basic1Federal Tax Law Topic0N/A2022-03-08T06:00:00ZQAS Self Study1Federal Tax Law Topic11TaxesNoneMisty Erickson Federal Tax Law Topic1 CPE for AFSP, EA, CPA, CRTPon-demand webinar2022June2023-12-31T06:00:00Z50 minutes4244033Available June 2022Available June 2022yesnoyesno
self studyBasics of Business Entity Taxation Self-Study<h3>Summary</h3> <p>In this course, you will learn the basics of business entity taxation. We cover a variety of topics such as entity structure; how to properly record and report the business activity in the books and records, and on the tax return; differentiate between assets that are expensed and those that need to be capitalized and depreciated; and determine what is included in income and which expenses are deductible. Finally, the text will walk you through line-by-line procedures for a basic tax return for partnerships, S corporations and C corporations.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Summarize basic bookkeeping procedures</li> <li>Distinguish between taxable and nontaxable income, and deductible and nondeductible expenses</li> <li>Differentiate between capital assets and expendable repairs</li> <li>Summarize the differences between MACRS, §179 and bonus depreciation</li> <li>Compare and contrast the various entity structures</li> <li>Summarize the tax effects of forming a partnership, S corporation and C corporation</li> <li>Prepare a basic partnership, S corporation and C corporation tax return</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> 2022-03-16T05:00:00Z2023-12-31T06:00:00ZNone2022-05-01T05:00:00Z2022-05-01T05:00:00ZSS22319Basic12Federal Tax Law Topic0N/A2022-02-24T06:00:00Z2022-05-01T05:00:00ZQAS Self Study12Federal Tax Law Topic1212TaxesNoneFederal Tax Law Topic12 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2022/SS22_BasicsofBusinessEntityTaxation_TOC.pdfself study2022May2023-12-31T06:00:00Z2022-12-31T06:00:00Z3273440258Available May 2022Available May 2022Available May 2022Available May 2022nonoyesno
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 will 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> 2022-03-16T05:00:00Z2023-12-31T06:00:00ZNone2022-03-29T05:00:00Z2022-03-29T05:00:00ZSS22353Basic2Federal Tax Law Topic02022-03-16T05:00:00Z2022-03-16T05:00:00ZQAS Self Study2Federal Tax Law Topic22TaxesNoneFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2022/SS22_CasualtyTheftDisasterLosses_TOC.pdfself study2022May2023-12-31T06:00:00Z2022-12-31T06:00:00Z8488066Available May 2022Available May 2022Available May 2022Available May 2022nonoyesno
self studyClergy Taxation Self-Study<h3>Summary</h3> <p>The tax code has unique provisions related to clergy and how they report income, expenses and credits. This course covers the basics of preparing returns for clergy members and ministers. You’ll also learn about compensation, fringe benefits, accountable plans, and payroll taxes and its application to members of the clergy.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify who qualifies for special tax treatment as clergy</li> <li>Analyze the dual-status nature of clergy</li> <li>Identify clergy compensation, including fringe benefits and love gifts</li> <li>Categorize valid expenses for clergy</li> <li>Calculate the nondeductible portion of business expenses based on tax-free income</li> <li>List the requirements for the clergy housing allowance</li> <li>Identify what clergy income is subject to self-employment tax</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>2022-03-16T05:00:00Z2023-12-31T06:00:00ZNone2022-04-04T05:00:00Z2022-04-04T05:00:00ZSS22307Basic4Federal Tax Law Topic0N/A2022-03-16T05:00:00Z2022-03-16T05:00:00ZQAS Self Study4Federal Tax Law Topic44TaxesNoneFederal Tax Law Topic4 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2022/SS22_ClergyTaxation_TOC.pdfself study2022May2023-12-31T06:00:00Z2022-12-31T06:00:00Z1341410106Available May 2022Available May 2022Available May 2022Available May 2022nonoyesno
self studyK-1s for 1120-S Self-Study<h3>Summary</h3> <p>Individuals who are shareholders in an S corporation will receive a Schedule K-1 (Form 1120-S) reporting their share of the corporation’s income, deductions, credits, etc. This course shows how to report the basic information from this schedule on an individual’s tax return, as well as some of the more complicated items. In addition, you will gain 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 stock and debt basis in the S corporation</li> <li>Determine how much of a pass-through loss is deductible after applying the basis, at-risk, passive activity loss and excess business loss limitations</li> <li>Analyze the tax effects on a shareholder who receives distributions or loan repayments from the 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>2022-03-16T05:00:00Z2023-12-31T06:00:00ZNone2022-05-01T05:00:00Z2022-05-01T05:00:00ZSS22325Basic2Federal Tax Law Topic0N/A2022-03-16T05:00:00Z2022-03-16T05:00:00ZQAS Self Study2Federal Tax Law Topic22TaxesNoneFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2022/K-1sforForm1120s_TOC.pdfself study2022May2023-12-31T06:00:00Z2022-12-31T06:00:00Z8488066Available May 2022Available May 2022Available May 2022Available May 2022nonoyesno
self studyPreparing C Corporation Returns Self-Study<h3>Summary</h3> <p>This course is ideal for tax professionals who have never prepared Form 1120, <i>U.S. Corporation Income Tax Return</i>, or for those with limited experience. First, you’ll learn the basic formation and incorporation of a domestic C corporation. Next, you’ll see line-by-line instructions on how to prepare the return, along with explanations of the various types of income and expenses reported on the return. Lastly, there is a discussion on the tax treatment of various types of distributions from the C corporation to the shareholders.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Summarize the advantages and disadvantages of forming a C corporation</li> <li>Recognize if §351 applies at incorporation</li> <li>Select a tax year and accounting method </li> <li>Differentiate between taxable and non-taxable income, and deductible and non-deductible expenses</li> <li>Explain C corporation taxation</li> <li>Compute the shareholder’s stock basis </li> <li>Summarize the taxation of distributions </li> <li>Prepare a basic Form 1120, including Schedules J, L, M-1 and M-2</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>2022-03-16T05:00:00Z2023-12-31T06:00:00ZNone2022-03-16T05:00:00Z2022-03-16T05:00:00ZSS22328Basic8Federal Tax Law Topic0N/A2022-03-16T05:00:00Z2022-03-16T05:00:00ZQAS Self Study8Federal Tax Law Topic88TaxesNoneFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2022/PreparingCCorporationReturns_TOC.pdfself study2022May2023-12-31T06:00:00Z2022-12-31T06:00:00Z2222340176Available May 2022Available May 2022Available May 2022Available May 2022nonoyesno

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