Online Self-Study

​​​​​​​​​​​​Self-Study

These courses are ideal for learners interested in personalizing the pace and direction of their education. Self-study courses typically come with an e-book and practice exam questions. Once you’ve finished studying, you’ll take the corresponding exam to earn CPE.

About our self-study courses:

  •    Complete when convenient to you
  •    Self-paced course
  •    Includes e-book
  •    Includes exam questions
  •    Includes certificate of completion

These courses are included with Premium level membership.

Looking for EA review courses? View study options >

2020 Courses

 

 

Self Study1040 Update Self-Study<h3>Summary</h3> <p>Find out the latest tax law changes, guidance and forms from the CARES Act, SECURE Act and other COVID-19 related legislation with practical examples. This course also features the standard inflation-indexed updates to prepare you for filing individuals’ 2020 tax returns. Since eligibility to use the cash method was significantly expanded under the TCJA and the CARES Act retroactively designated qualified improvement property as 15-year property, we’ll cover how to request certain accounting method changes using Form 3115 and the automatic change procedures. Our focus will be primarily on taxpayers claiming missed depreciation, as well as small business taxpayers changing to the overall cash method of accounting. </p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Analyze new tax laws and developments, and how they affect your clients, including provisions from the SECURE and CARES Acts</li> <li>Interpret the latest court decisions and IRS rulings</li> <li>Apply inflation-adjusted amounts to 2020 individual tax returns</li> <li>Identify extended and expired tax provisions</li> <li>Recognize a change in method of accounting versus an error</li> <li>Summarize some of the accounting method changes small business taxpayers can make under the TCJA</li> <li>Claim missed depreciation by filing Form 3115</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> 2020-04-02T05:00:00Z2021-02-28T06:00:00ZNone2020-04-02T05:00:00Z2020-04-02T05:00:00ZSS20301Update8Federal Tax Law Update0N/A2020-04-02T05:00:00Z2020-04-02T05:00:00ZQAS Self Study8Federal Tax Law Update88TaxesKnowledge of or experience with individual taxationFederal Tax Law Update8 CPE for AFSP, EA, CPA, CRTPself study2020October2021-02-28T06:00:00Z2021-02-28T06:00:00Z2122230167Available October 2020Available October 2020Available October 2020Available October 2020nonoyesno
Self-StudyAnnual Federal Tax Refresher Self-Study<h3>Summary</h3> <p>Completion of the Annual Federal Tax Refresher course (AFTR) is a necessary step in obtaining an Annual Filing Season Program—Record of Completion. This Annual Federal Tax Refresher course covers federal tax law topics in three domains: New Tax Law/Recent Updates; General Review; and Practices, Procedures and Professional Responsibility. To engage in limited practice, an unenrolled preparer must agree to adhere to the practice requirements of <i>Circular 230</i>, Subpart B and section 10.51. This AFTR course provides the information necessary to pass the examination and obtain the AFSP—Record of Completion.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Recognize new law provisions effective for the current tax year</li> <li>Apply new law provisions and updated limitations as appropriate for the benefit of the taxpayer</li> <li>Identify basic taxpayer information necessary to complete an average taxpayer’s Form 1040</li> <li>Understand preparer responsibilities in dealings with the IRS</li> <li>Understand preparer responsibilities in dealings with clients</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> 2020-05-26T05:00:00Z2021-02-28T06:00:00ZNone2020-05-26T05:00:00ZSS20303Update6Federal Tax Law Refresher0N/A2020-05-26T05:00:00ZQAS Self StudyPremium: $0 | Professional: $0 | Basic: $0 | Nonmembers: $1166Federal Tax Law Refresher66TaxesFederal Tax Law Refresher6 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2020/AnnualTaxRefresher_TOC.pdfself study2020June2021-02-28T06:00:00Znonoyesno<h3>How to Earn CPE</h3> <p>To receive credit for this self-study course, you must successfully pass the course exam with a score of 70% or better by midnight local time on December 31, 2020 per IRS requirements. The course exam includes 100 randomized multiple-choice questions and must be completed within three hours. </p> <h3>Cancellation Policy</h3> <p>After the course has been accessed, it is nonrefundable. The course is available at no cost to NATP members.</p>
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 are 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>Recognize 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>2020-04-02T05:00:00Z2021-02-28T06:00:00ZNone2020-04-02T05:00:00Z2020-04-02T05:00:00ZSS20305Basic4Federal Tax Law Topic0N/A2020-04-02T05:00:00Z2020-04-02T05:00:00ZQAS Self Study4Federal Tax Law Topic44TaxesNoneFederal Tax Law Topic4 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2020/BasicsofBasis_TOC.pdfself study2020May2021-02-28T06:00:00Z2021-02-28T06:00:00Z1271340101nonoyesno
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 which entity structures are available, how to properly record and report the business activity in the books and records and on the tax return, differentiate between assets that can be 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 completing 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>Compare and contrast the various entity structures</li> <li>Summarize basic bookkeeping procedures</li> <li>Differentiate between capital assets and expendable repairs</li> <li>Summarize the difference between MACRS, §179 and bonus depreciation</li> <li>Distinguish between taxable and nontaxable income and deductible and nondeductible expenses</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> 2020-04-02T05:00:00Z2021-02-28T06:00:00ZNone2020-04-02T05:00:00Z2020-04-02T05:00:00ZSS20319Basic12Federal Tax Law Topic0N/A2020-04-02T05:00:00Z2020-04-02T05:00:00ZQAS Self Study12Federal Tax Law Topic1212TaxesNoneFederal Tax Law Topic12 CPE for AFSP, EA, CPA, CRTPself study2020July2021-02-28T06:00:00Z2021-02-28T06:00:00Z3393570252Available July 2020Available July 2020Available July 2020Available July 2020nonoyesno
Self StudyCannabis Businesses Self-Study<h3>Summary</h3> <p>Cannabis is a multibillion-dollar industry. Many states have passed legislation legalizing either medical or recreational use of cannabis, or both. However, because it remains an illegal drug at the federal level, tax preparation isn’t straightforward. In this course, you will gain a basic understanding of the issues unique to accounting for illegal activities such as the cannabis industry. We review the cash nature of the industry, the reporting limitations for illegal activities and the restrictions on deducting certain types of expenses. We will also discuss the difference between independent contractors and employees, and tax preparers responsibilities when engaging cannabis clients. </p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify why the industry is considered illegal at the federal level even if it is legal at the state level</li> <li>Summarize why the industry is currently a cash business</li> <li>Calculate cost of goods sold</li> <li>Prepare Schedule C for a cannabis business</li> <li>Recognize the difference between independent contractors and employees</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>2020-04-02T05:00:00Z2021-02-28T06:00:00ZNone2020-04-02T05:00:00Z2020-04-02T05:00:00ZSS20306Basic2Federal Tax Law Topic0N/A2020-04-02T05:00:00Z2020-04-02T05:00:00ZQAS Self Study2Federal Tax Law Topic22TaxesNoneFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2020/CannabisBusinesses_TOC.pdfself study2020May2021-02-28T06:00:00Z2021-02-28T06:00:00Z8084063nonoyesno
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 properly preparing clergy and minister returns. You’ll also learn about compensation, fringe benefits, accountable plans and payroll taxes from the perspective of the clergyperson or church as an employer.</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>Apply the dual employment status nature of clergy</li> <li>Identify clergy compensation, including fringe benefits and love gifts</li> <li>Recognize valid expenses for clergy</li> <li>Compute the nondeductible portion of business expenses based on tax-free income</li> <li>List the requirements for the clergy housing allowance exclusion</li> <li>Distinguish the unique treatment of employment taxes by churches</li> <li>Identify what income is subject to self-employment tax</li> <li>Differentiate between the use of Form 4361, <i>Application for Exemption From Self-Employment Tax for Use By Ministers, Members of Religious Orders and Christian Science Practitioners</i>, and Form 4029, <i>Application for Exemption From Social Security and Medicare Taxes and Waiver of Benefits</i></li> <li>Identify earned income for the purposes of the earned income tax credit and the refundable additional child tax credit</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> 2020-04-02T05:00:00Z2021-02-28T06:00:00ZNone2020-04-02T05:00:00Z2020-04-02T05:00:00ZSS20307Intermediate4Federal Tax Law Topic0N/A2020-04-02T05:00:00Z2020-04-02T05:00:00ZQAS Self Study4Federal Tax Law Topic44TaxesKnowledge and experience with individual taxationFederal Tax Law Topic4 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2020/ClergyTaxation_TOC.pdfself study2020May2021-02-28T06:00:00Z2021-02-28T06:00:00Z1271340101nonoyesno
Self StudyEthics and Circular 230 Self-Study<h3>Summary</h3> <p>Each year, taxpayer actions, or simply changes in the law, present tax return preparers with ethical dilemmas. Circular 230, <i>Regulations Governing Practice before the Internal Revenue Service</i>, provides our profession with standards to prevent us from overstepping professional boundaries. This course summarizes key parts of Circular 230, reviews the rules governing unenrolled tax preparers, common tax preparer penalties and due diligence for earned income tax credit, child tax credit, additional child tax credit, other dependent credit, American opportunity tax credit and head of household filing status. Additionally, the course will review actual ethic-related court cases. </p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify the Circular 230 rules governing individuals eligible to represent taxpayers before the Internal Revenue Service (IRS)</li> <li>Identify the rules governing unenrolled tax preparers</li> <li>Identify common penalties assessable against tax return preparers</li> <li>Identify due diligence requirements</li> <li>Evaluate case studies</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> 2020-04-02T05:00:00Z2021-02-28T06:00:00ZNone2020-04-02T05:00:00ZSS20308Basic2Ethics0N/A2020-04-02T05:00:00ZQAS Self StudyPremium: $0 | Professional: $63 | Basic: $80 | Nonmember: $842Ethics22Regulatory EthicsNoneEthics2 CPE for AFSP, EA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2020/EthicsandCircular230_TOC.pdfself study2020June2021-02-28T06:00:00Znonoyesno
Self StudyForeclosures and Debt Cancellation Self-Study<h3>Summary</h3> <p>Taxpayers may find themselves unable to repay home mortgages, credit card debt, or other personal or business loans. Foreclosures can be an unfortunate occurrence during these situations. Naturally, this event is emotional for taxpayers and they look to their tax professional for guidance on how this affects their tax situation. When a foreclosure occurs, the result is a deemed sale of the property. If the creditor cancels the debt, the debtor may or may not have to recognize income. This course guides you through the rules for foreclosures, explains how to include or exclude income from debt cancellation on the debtor’s tax return and explores the effect of excluding canceled debt on the taxpayer’s other tax attributes.<p> Since eligibility to use the cash method was significantly expanded under the TCJA and the CARES Act retroactively designated qualified improvement property as 15-year property, we’ll cover how to request certain accounting method changes using Form 3115 and the automatic change procedures. Our focus will be primarily on taxpayers claiming missed depreciation, as well as small business taxpayers changing to the overall cash method of accounting. </p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Apply information from Form 1099-A, <i>Acquisition or Abandonment of Secured Property</i>, when reporting the foreclosure</li> <li>Determine the deemed sale price of the foreclosure property to record the taxation of a deemed sale</li> <li>Determine if debt is recourse or nonrecourse</li> <li>Identify the date a debt is canceled</li> <li>Identify when creditors must issue Form 1099-C, <i>Cancellation of Debt</i></li> <li>Determine if a taxpayer is insolvent</li> <li>Complete Form 982, <i>Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment</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>2020-05-04T05:00:00Z2021-02-28T06:00:00ZNone2020-05-04T05:00:00Z2020-05-04T05:00:00ZSS20338Basic2Federal Tax Law Topic0N/A2020-05-04T05:00:00Z2020-05-04T05:00:00ZQAS Self Study2Federal Tax Law Topic22TaxesNoneFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2020/ForeclosuresandDebtCancellation_TOC.pdfself study2020July2021-02-28T06:00:00Z2021-02-28T06:00:00Z8084063Available July 2020Available July 2020Available July 2020Available July 2020nonoyesno
Self StudyIntermediate Partnerships Self-Study<h3>Summary</h3> <p>Partnership taxation can be a complicated subject. They can operate as limited partnerships, limited liability companies or general partnerships. The form of business can alter a partner’s taxation. In addition, there are various elections made at the partnership level that serve as planning tools. This course furthers the knowledge of tax professionals who already have a basic understanding of partnership taxation.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Understand the different types of partnerships</li> <li>Recognize tax basis partner capital accounts</li> <li>Identify limited partners for purposes of self-employment taxList the important tax rules regarding special allocations for partnerships</li> <li>Summarize important rules regarding guaranteed payments</li> <li>Identify when a §754 election can be performed</li> <li>Calculate basis adjustments required by a §754 election</li> <li>Prepare Form 8308, <i>Report of a Sale or Exchange of Certain Partnership Interests</i></li> <li>Identify disguised sales</li> <li>Prepare Form 1065 when one partner leaves a two-partner partnership</li> <li>Prepare Form 1065 when a partner terminates an interest</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p> 2020-04-02T05:00:00Z2021-02-28T06:00:00ZNone2020-04-02T05:00:00Z2020-04-02T05:00:00ZSS20310Intermediate8Federal Tax Law Topic0N/A2020-04-02T05:00:00Z2020-04-02T05:00:00ZQAS Self Study8Federal Tax Law Topic88TaxesNoneFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTPself study2020July2021-02-28T06:00:00Z2021-02-28T06:00:00Z2122230167Available July 2020Available July 2020Available July 2020Available July 2020nonoyesno
Self StudyIntermediate S Corporations Self-Study<h3>Summary</h3> <p>This hands-on course is geared to tax professionals who have prepared S corporation returns and are looking to improve their skills and proficiency. This course furthers the knowledge of tax professionals who have a basic understanding of S corporation taxation. Topics covered include reasonable compensation, built-in gains tax, distributions and stock basis, qualified business income deduction, shareholder loss limitations, ownership changes, and liquidation issues.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Recognize if an S corporation is paying a reasonable salary to its shareholder-employees</li> <li>Identify corporations subject to built-in gains tax</li> <li>Compute and report built-in gains tax</li> <li>Calculate the shareholder’s S corporation stock basis </li> <li>Determine the timing and ordering rules for basis adjustments</li> <li>Explain how distributions from an S corporation are taxed</li> <li>Describe the qualified business income deduction</li> <li>Compare and contrast AAA, stock basis and retained earnings</li> <li>Report the sale of S corporation stock</li> <li>Determine how income and losses are allocated when there is an ownership change </li> <li>Identify an inadvertent termination of the S election and summarize how to correct it</li> <li>Prepare a final Form 1120S for the year of liquidation </li> <li>Report S corporation post-liquidation expenses </li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p> 2020-04-02T05:00:00Z2021-02-28T06:00:00ZNone2020-04-02T05:00:00Z2020-04-02T05:00:00ZSS20311Intermediate8Federal Tax Law Topic0N/A2020-04-02T05:00:00Z2020-04-02T05:00:00ZQAS Self Study8Federal Tax Law Topic88TaxesNoneFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTPself study2020July2021-02-28T06:00:00Z2021-02-28T06:00:00Z2122230167Available July 2020Available July 2020Available July 2020Available July 2020nonoyesno
Self StudyIntroduction to Audits Self-Study<h3>Summary</h3> <p>At some point, almost every tax practitioner has a client under audit. As technology evolves, the IRS constantly alters how, where and when to perform an audit. Interactions with IRS agents can be intimidating for both taxpayers and tax professionals. Whether the taxpayer receives a simple CP-2000 notice or is involved in a face-to-face interview with a revenue agent, this course helps to prepare you for the moment when the client is most fearful of and needs you the most during an audit.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Define the taxpayer’s rights</li> <li>Describe the IRS policies in performing audits</li> <li>Identify options and solutions used when an IRS agent is not following protocol</li> <li>Conduct the power of attorney process in order to adequately represent your client</li> <li>Distinguish between practices to avoid during an audit and practices to perform</li> <li>List the options the taxpayer has during the audit conclusion process</li> <li>Manage the client relationship to avoid errors and miscommunications</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>2020-04-02T05:00:00Z2021-02-28T06:00:00ZNone2020-04-02T05:00:00ZSS20312Intermediate2Federal Tax Law Topic0N/A2020-04-02T05:00:00ZQAS SElf StudyPremium: $0 | Professional: $63 | Basic: $80 | Nonmember: $842Federal Tax Law Topic22TaxesNoneFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPself study2020July2021-02-28T06:00:00ZAvailable July 2020Available July 2020nonoyesno
Self StudyIntroduction to Estates and Form 1041 Self-Study<h3>Summary</h3> <p>Once a taxpayer passes away, their assets become part of their estate. This course explains the basic rules governing a decedent’s estate and Form 1041,<i> U.S. Income Tax Return for Estates and Trusts</i>. Learn about the income and expenses, and the accounting concepts surrounding a fiduciary income tax return. The course contains examples throughout that culminate in a full return at the end of the course.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Describe required documents and forms for completing Form 1041 for an estate</li> <li>Identify income and expenses reported on an estate Form 1041</li> <li>Calculate the income and expenses of an estate</li> <li>Calculate income in respect of a decedent in compliance with both tax law and governing documents</li> <li>Calculate distributable net income, fiduciary accounting income, and the income distribution deduction in compliance with both tax law and governing documents</li> <li>Identify requirements to treat a revocable trust as part of an estate</li> <li>Evaluate whether an election to treat a revocable trust as part of the estate minimizes tax</li> <li>Accurately report estate income, credits and deductions to beneficiaries</li> <li>Correctly complete Form 1041, <i>U.S. Income Tax Return for Estates and Trusts</i>.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p> 2020-04-02T05:00:00Z2021-02-28T06:00:00ZNone2020-04-02T05:00:00Z2020-04-02T05:00:00ZSS20313Basic7Federal Tax Law Topic0N/A2020-04-02T05:00:00Z2020-04-02T05:00:00ZQAS Self Study7Federal Tax Law Topic77TaxesNoneFederal Tax Law Topic7 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2020/IntrotoTrustsandForm1041_TOC.pdfself study2020June2021-02-28T06:00:00Z2021-02-28T06:00:00Z1942040153Available June 2020Available June 2020Available June 2020Available June 2020nonoyesno
Self StudyIntroduction to Fixed Assets Self-Study<h3>Summary</h3> <p>This course will introduce you to the basic depreciation concepts on Form 4562, <i>Depreciation and Amortization</i>, including §179 and bonus depreciation. You’ll review the special rules for listed property (passenger automobiles, etc.), and learn how to report the sale of business property on Form 4797, as well as the tax consequences of 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 vs. a repair</li> <li>Complete Form 4562 when required</li> <li>Report the disposition of business property in the appropriate section of Form 4797</li> <li>Calculate the gain or loss on a sale</li> <li>Define depreciation recapture, unrecaptured §1250 gain and nonrecaptured §1231 losses</li> <li>Determine when §280F recapture is necessary</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p> 2020-04-02T05:00:00Z2021-02-28T06:00:00ZNone2020-04-02T05:00:00ZSS20314Basic4Federal Tax Law Topic0N/A2020-04-02T05:00:00ZQAS Self StudyPremium: $0 | Professional: $101 | Basic: $127 | Nonmember: $1344Federal Tax Law Topic44TaxesNoneFederal Tax Law Topic4 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2020/IntrotoFixedAssets_TOC.pdfself study2020May2021-02-28T06:00:00Znonoyesno
Self StudyIntroduction to Schedule C Self-Study<h3>Summary</h3> <p>This course is designed to help tax professionals who are new to sole proprietorship tax preparation. It focuses on individual income tax issues and the preparation of Schedule C,<i> Profit or Loss from Business,</i> and other major related forms. Also covered are business vehicles, business use of home and depreciation. </p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Determine whether a taxpayer’s activity is a hobby or a for-profit business venture</li> <li>Identify types of income and expenses reported on Schedule C</li> <li>Complete Schedule C, <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>2020-04-02T05:00:00Z2021-02-28T06:00:00ZNone2020-04-02T05:00:00ZSS20315Basic8Federal Tax Law Topic0N/A2020-04-02T05:00:00ZQAS Self StudyPremium: $0 | Professional: $167 | Basic: $212 | Nonmember: $2238Federal Tax Law Topic88TaxesNoneFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2020/IntroductiontoScheduleC_TOC.pdfself study2020May2021-02-28T06:00:00Znonoyesno
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> 2020-04-02T05:00:00Z2021-02-28T06:00:00ZNone2020-04-02T05:00:00ZSS20316Basic4Federal Tax Law Topic0N/A2020-04-02T05:00:00ZQAS Self StudyPremium: $0 | Professional: $101 | Basic: $127 | Nonmember: $1344Federal Tax Law Topic44TaxesNoneFederal Tax Law Topic4 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2020/2020_IntroductiontoScheduleD_TOC.pdfself study2020May2021-02-28T06:00:00Znonoyesno
Self StudyIntroduction to Schedule E Self-Study<h3>Summary</h3> <p>Schedule E (Form 1040), <i>Supplemental Income and Loss,</i> is for reporting residential rental income and expenses, as well as pass-through items from S corporations, partnerships, estates and trusts. With this course, you’ll gain a basic understanding of Schedule E.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify passive loss limitations and exceptions</li> <li>Determine eligibility for the special $25,000 loss allowance</li> <li>Recognize who meets the qualifications of a real estate professional</li> <li>Summarize the treatment of current and suspended passive losses upon disposition of a passive activity</li> <li>Apply the vacation home rules</li> <li>Identify the type of activities reported on Schedule E</li> <li>Identify and report rental income and allowable rental expenses</li> <li>Determine the depreciable basis of property used in a rental activity</li> <li>Interpret the information provided on Schedule K-1 and enter the information appropriately on Schedule E</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2020-04-02T05:00:00Z2021-02-28T06:00:00ZNone2020-04-02T05:00:00ZSS20317Basic4Federal Tax Law Topic0N/A2020-04-02T05:00:00ZQAS Self StudyPremium: $0 | Professional: $101 | Basic: $127 | Nonmember: $1344Federal Tax Law Topic44TaxesNoneFederal Tax Law Topic4 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2020/IntrotoScheduleE_TOC.pdfself study2020May2021-02-28T06:00:00Znonoyesno
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>2020-04-02T05:00:00Z2021-02-28T06:00:00ZNone2020-04-02T05:00:00ZSS20318Basic8Federal Tax Law Topic0N/A2020-04-02T05:00:00ZQAS Self StudyPremium: $0 | Professional: $167 | Basic: $212 | Nonmember: $2238Federal Tax Law Topic88TaxesNoneFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2020/IntroductiontoScheduleF_TOC.pdfself study2020May2021-02-28T06:00:00Znonoyesno
self studyIntroduction to Tax Preparation Self-Study<h3>Summary</h3> <p>In this course, you’ll learn the basics of tax with a step-by-step analysis of Form 1040, <i>U.S. Individual Income Tax Return</i>, and accompanying schedules. You'll 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 </li> <li>Determine a taxpayer’s filing status</li> <li>Identify who is eligible to be claimed as a dependent</li> <li>Recognize different types of income</li> <li>Determine adjustments to income</li> <li>Compare itemized deductions and the standard deduction</li> <li>Distinguish nonrefundable from refundable income tax credits</li> <li>Calculate an individual 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> 2020-04-01T05:00:00Z2021-02-28T06:00:00ZNone2020-04-01T05:00:00Z2020-04-01T05:00:00ZSS20320Basic16Federal Tax Law Topic0N/A2020-04-01T05:00:00Z2020-04-01T05:00:00ZQAS Self Study16Federal Tax Law Topic1616TaxesNoneFederal Tax Law Topic16 CPE for AFSP, EA, CPA, CRTPself study2020July2021-02-28T06:00:00Z2021-02-28T06:00:00Z4114330325Available July 2020Available July 2020Available July 2020Available July 2020nonoyesno
self studyIntroduction to Trusts and Form 1041 Self-Study<h3>Summary</h3> <p>With this course, you will gain an introduction to trusts, including how and why various types of trusts are created, the rights and duties of the parties involved, and fiduciary income tax filing requirements. This course provides information on how to complete a basic income tax return for a trust by analyzing its income, deductions, and distributions during its existence and upon termination.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Outline the components and proper administration of a trust</li> <li>Identify the filing requirements for trusts</li> <li>Recognize accounting periods and methods available to trusts</li> <li>Calculate the appropriate estimated tax payments for a trust</li> <li>Compute the basis of trust assets</li> <li>Determine deductible trust expenses and proper allocation</li> <li>Summarize the tax effect of distributions made to beneficiaries</li> <li>Calculate income in respect of a decedent (IRD), distributable net income (DNI), fiduciary accounting income (FAI) and the income distribution deduction (IDD)</li> <li>Complete a basic Form 1041, Income Tax Return for Estates and Trusts, and Schedule K-1, <i>Beneficiary’s Share of Income, Deductions, Credits, etc.</i>, for a trust</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>2020-04-01T05:00:00Z2021-02-28T06:00:00ZNone2020-04-01T05:00:00ZSS20322Basic8Federal Tax Law Topic0N/A2020-04-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $167 | Basic: $212 | Nonmember: $2238Federal Tax Law Topic88TaxesNoneFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2020/IntrotoTrustsandForm1041_TOC.pdfself study2020May2021-02-28T06:00:00Znonoyesno
self studyK-1s for 1041 Self-Study<h3>Summary</h3> <p>Beneficiaries of an estate or trust receive a Schedule K-1 (Form 1041). 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>Report Schedule K-1 items on the beneficiary’s return</li> <li>Report items on the beneficiary’s return that are associated with estate or trust interest but not reported on Schedule K-1</li> </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> 2020-04-01T05:00:00Z2021-02-28T06:00:00ZNone2020-04-01T05:00:00ZSS20323Basic2Federal Tax Law Topic 0N/A2020-04-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $63 | Basic: $80 | Nonmember: $842Federal Tax Law Topic 22TaxesNoneFederal Tax Law Topic 2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2020/2020_K-1sfor1041_TableofContents.pdfself study2020May2021-02-28T06:00:00Znonoyesno
Self StudyK-1s for 1065 Self-Study<h3>Summary</h3> <p>Taxpayers who are partners in partnerships (or members in LLCs taxed as partnerships) should receive a Schedule K-1 (Form 1065). 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 (vs. the ones made at the partnership level)</li> <li>Describe the various items reported on Schedule K-1</li> <li>Correctly report Schedule K-1 information on the partner’s return</li> <li>Report items on the partner’s return that are associated with the partnership interest but not reported on Schedule K-1</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2020-04-01T05:00:00Z2021-02-28T06:00:00ZNone2020-04-01T05:00:00Z2020-04-01T05:00:00ZSS20324Basic4Federal Tax Law Topic0N/A2020-04-01T05:00:00Z2020-04-01T05:00:00ZQAS Self Study4Federal Tax Law Topic44TaxesNoneFederal Tax Law Topic4 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2020/2020_K-1sfor1065_TableofContents.pdfself study2020May2021-02-28T06:00:00Z2021-02-28T06:00:00Z1271340101nonoyesno
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 you 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 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 shareholder’s tax effects when receiving distributions from an S corporation</li> <li>Report various pass-through items from Schedule K-1 on Form 1040, including unique items like the sale of property when §179 was claimed</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>2020-04-01T05:00:00Z2021-02-28T06:00:00ZNone2020-04-01T05:00:00ZSS20325Basic2Federal Tax Law Topic0N/A2020-04-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $63 | Basic: $80 | Nonmember: $842Federal Tax Law Topic22TaxesNoneFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2020/2020_K-1sfor1120-S_tableofcontents.pdfself study2020May2021-02-28T06:00:00Znonoyesno
Self StudyMilitary Tax Issues Self-Study<h3>Summary</h3> <p>When working with a member of the military, there are special tax provisions that tax professionals must be aware of. 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 demonstrating when it would be beneficial to include their nontaxable income for the earned income tax credit (EITC) and be able to provide an overview of tax implications for military pensions and veteran’s 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>Define the different forms of military pay</li> <li>Identify adjustments available to military personnel, including moving expenses</li> <li>Determine if nontaxable combat pay is included in earned income for EITC 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>Define the deadlines applicable to military personnel</li> <li>Determine the taxation of military pensions and veterans 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> 2020-04-01T05:00:00Z2021-02-28T06:00:00ZNone2020-04-01T05:00:00Z2020-04-01T05:00:00ZSS20326Basic2Federal Tax Law Topic0N/A2020-04-01T05:00:00Z2020-04-01T05:00:00ZQAS Self Study2Federal Tax Law Topic22TaxesNoneFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2020/MilitaryTaxIssues_TOC.pdfself study2020June2021-02-28T06:00:00Z2021-02-28T06:00:00Z8084063nonoyesno
Self StudyNet Operating Losses Self-Study<h3>Summary</h3> <p>The goal of every business is to make a profit, but losses still occur. The provisions under §172, <i>Net Operating Loss Deduction</i>, are important because tax professionals increasingly find themselves working with clients who are incurring net operating losses (NOLs). Without a basic understanding of NOLs, tax professionals cannot provide their clients with the best possible tax outcome. In addition to NOLs, the IRS analyzes an NOL under alternative minimum tax rules. This course enhances the tax professional’s understanding of NOLs and alternative minimum tax NOLs (ATNOLs). </p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Determine if a business or individual has incurred an NOL</li> <li>Calculate the amount of the NOL to maximize the amount to carryover</li> <li>Identify when a taxpayer is eligible to make an election to carryover an NOL</li> <li>Identify the provisions of carrying forward the NOL</li> <li>Distinguish between business and nonbusiness income and losses in order to correctly calculate the NOL</li> <li>Define excess business losses</li> <li>Correctly calculate an ATNOL while considering AMT adjustments and preferences </li> <li>Determine the remaining ATNOL after utilization in intervening years with accuracy and compliance with AMT rules </li> <li>Compute the NOL deduction for each taxpayer when there is a filing status change </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>2020-04-01T05:00:00Z2021-02-28T06:00:00ZNone2020-04-01T05:00:00ZSS20327Basic4Federal Tax Law Topic0N/A2020-04-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $101 | Basic: $127 | Nonmember: $1344Federal Tax Law Topic44TaxesNoneFederal Tax Law Topic4 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2020/NetOperatingLoss_TOC.pdfself study2020June2021-02-28T06:00:00Znonoyesno
Self StudyPreparing C Corporation Returns Self-Study<h3>Summary</h3> <p>This course is ideal for individuals who have never prepared a Form 1120, <i>U.S. Corporation Income Tax Return</i>, before, or have very limited experience. First, you’ll learn the general tax aspects applicable to domestic C corporations, so you’ll have a foundation when assisting clients with business decisions. Then, using line-by-line item explanations, you’ll learn how each entry aids in the preparation of Form 1120.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify the advantages and disadvantages of forming a C corporation</li> <li>Identify the tax consequences of forming a C corporation</li> <li>Determine if §351 applies and explain the reporting requirements</li> <li>Recognize the importance of an engagement letter</li> <li>Select a tax year and accounting method to ensure the least amount of tax</li> <li>Complete a basic Form 1120, including Schedules J, L, M-1 and M-2</li> <li>Summarize the dividends-received deduction</li> <li>Identify requirements to file Form 1120, including the applicable due dates</li> <li>Compute the shareholder’s stock basis in a C corporation</li> <li>Summarize the taxation of distributions from a C 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>2020-04-01T05:00:00Z2021-02-28T06:00:00ZNone2020-04-01T05:00:00Z2020-04-01T05:00:00ZSS20328Basic8Federal Tax Law Topic0N/A2020-04-01T05:00:00Z2020-04-01T05:00:00ZQAS Self Study8Federal Tax Law Topic88TaxesNoneFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2020/TOC_PreparingCCorporationReturns.pdfself study2020May2021-02-28T06:00:00Z2021-02-28T06:00:00Z2122230167nonoyesno
Self StudyPreparing Form 706 - the Estate Tax Return Self-Study<h3>Summary</h3> <p>Be prepared to assist with filing Form 706, <i>United States Estate (and Generation-Skipping Transfer) Tax Return</i>. This course explains the basic tax rules applicable to a decedent’s estate and the federal estate tax return. Examples illustrating these rules when preparing Form 706 are presented throughout the text.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Describe the basic tax rules applicable to an estate</li> <li>Determine which property is includible on Form 706</li> <li>Accurately complete Form 706</li> <li>Distinguish differences in estate tax rules between a resident and nonresident estate</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> 2020-04-02T05:00:00Z2021-02-28T06:00:00ZNone2020-04-02T05:00:00Z2020-04-02T05:00:00ZSS20309Basic4Federal Tax Law Topic0N/A2020-04-02T05:00:00Z2020-04-02T05:00:00ZQAS Self Study4Federal Tax Law Topic44TaxesNoneFederal Tax Law Topic4 CPE for AFSP, EA, CPA, CRTPhttps://ad.natptax.com/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2020/PreparingForm706theEstateTaxReturn_TOC.pdfself study2020June2021-02-28T06:00:00Z2021-02-28T06:00:00Z1271340101nonoyesno
Self StudyPreparing Partnership Returns Self-Study<h3>Summary</h3> <p>This course covers the basics of partnership taxation and completing a partnership return with accompanying schedules. Tax professionals also learn how to track partners’ basis in the partnership and the impact of partnership distributions.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify the advantages and disadvantages of forming a partnership</li> <li>Identify the tax consequences of forming a partnership, including contributions of property or services</li> <li>Analyze a partnership agreement and profit/loss allocations</li> <li>Complete a basic Form 1065, including Schedules K, K-1, L, M-1 and M-2</li> <li>Correctly report fringe benefits, guaranteed payments and separately stated items for partners</li> <li>Compute partnership net earnings (loss) from self-employment</li> <li>Recognize items that increase or decrease partner’s basis</li> <li>Determine which liabilities increase a partner’s at-risk basis</li> <li>Compute a partner’s end-of-year basis in a partnership</li> <li>Analyze distributions from a partnership for tax reporting</li> <li>Tally the QBI eligible amount</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>2020-04-02T05:00:00Z2021-02-28T06:00:00ZNone2020-04-02T05:00:00Z2020-04-02T05:00:00ZSS20329Basic8Federal Tax Law Topic0N/A2020-04-02T05:00:00Z2020-04-02T05:00:00ZQAS Self Study8Federal Tax Law Topic88TaxesNoneFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2020/PreparingPartnershipReturns_TOC.pdfself study2020May2021-02-28T06:00:00Z2021-02-28T06:00:00Z2122230167nonoyesno
Self StudyPreparing S Corporation Returns Self-Study<h3>Summary</h3> <p>Tax professionals who are familiar with individual tax returns can find preparation of their first S corporation tax return daunting. This course is for tax professionals adding the preparation of S corporation returns to their business. Take this course to receive the knowledge necessary to accurately prepare Form 1120S, <i>U.S. Income Tax Return for an S Corporation</i>, and the schedules that accompany this form. This course guides you through the preparation of Form 1120S in an example.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>List the advantages and disadvantages of forming an S corporation</li> <li>Identify businesses eligible to make the S election</li> <li>Make an S election, including a late election</li> <li>Choose a tax year and accounting method for an S corporation</li> <li>Complete a basic Form 1120S, including Schedules K, K-1, L, M-1 and M-2</li> <li>Identify income and expense items that differ for book and tax purposes</li> <li>Determine amounts to pass through and allocate to each shareholder</li> <li>Identify separately stated items for Schedule K-1</li> <li>Summarize the §179 expense rules for S corporations</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2020-04-02T05:00:00Z2021-02-28T06:00:00ZNone2020-04-02T05:00:00Z2020-04-02T05:00:00ZSS20330Basic8Federal Tax Law Topic0N/A2020-04-02T05:00:00Z2020-04-02T05:00:00ZQAS Self Study8Federal Tax Law Topic88TaxesNoneFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2020/PreparingSCorporationReturns_TOC.pdfself study2020May2021-02-28T06:00:00Z2021-02-28T06:00:00Z2122230167nonoyesno
Self StudyPreparing a Client's Final 1040 Self-Study<h3>Summary</h3> <p>Only two things are certain in life: death and taxes. Be prepared to assist your taxpayers’ families with tax filing after death for the income earned prior to passing away. This course explains the basic rules for preparing a decedent’s final personal income tax return. Examples illustrating these rules when preparing the final Form 1040 are presented throughout the text.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify forms and documents needed to prepare a final personal tax return</li> <li>Accurately report on the final Form 1040 the portion of interest, dividend, capital gain and miscellaneous income earned through the date of death</li> <li>Utilize a decedent’s net operating loss (NOL), capital loss carryovers, passive losses and other tax attributes on the final Form 1040 to minimize tax</li> <li>Correctly complete a decedent’s final 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>2020-04-01T05:00:00Z2021-02-28T06:00:00ZNone2020-04-01T05:00:00Z2020-04-01T05:00:00ZSS20336Intermediate4Federal Tax Law Topic0N/A2020-04-01T05:00:00Z2020-04-01T05:00:00ZQAS Self Study4Federal Tax Law Topic44TaxesKnowledge and experience with individual taxationFederal Tax Law Topic4 CPE for AFSP, EA, CPA, CRTPhttps://ad.natptax.com/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2020/PreparingaClientsFinal1040_TOC.pdfself study2020June2021-02-28T06:00:00Z2021-02-28T06:00:00Z1271340101Available June 2020Available June 2020nonoyesno
Self StudyQBI and Choosing a Business Entity Self-Study<h3>Summary</h3> <p>In this valuable hands-on workshop, we will review qualified business income (QBI) from the standpoint of the entity, and complete several case studies that involve QBI and decisions related to various entities. We'll discuss how to determine which entity is best for your client. We will analyze switching entities and the tax consequences associated with that change. Finally, we will illustrate the changing tax laws to maximize deductions for partners, shareholders and self-employed individuals.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Outline the rules regarding qualified business income (QBI) <li>Identify which taxpayers can take the deduction for QBI</li> <li>Calculate QBI and the QBI deduction</li> <li>Identify filing requirements for entities passing through QBI to partners and shareholders</li> <li>Correctly report income and expenses to adhere to QBI rules</li> <li>Complete Forms 1065 and 1120S for clients with QBI and compare with Schedule C</li> <li>Apply entity selection strategy to case studies</li> <li>Discuss requirements and consequences to change business entities</li> <li>Illustrate how an S corporation changes its business entity</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2020-04-02T05:00:00Z2021-02-28T06:00:00ZNone2020-04-02T05:00:00Z2020-04-02T05:00:00ZSS20331Intermediate8Federal Tax Law Topic0N/A2020-04-02T05:00:00Z2020-04-02T05:00:00ZQAS Self Study8Federal Tax Law Topic88TaxesKnowledge or experience with federal taxationFederal Tax Law Topic6 CPE for AFSP, EA, CPA, CRTPhttps://ad.natptax.com/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2020/QBIandChoosingaBusinessEntity_TOC.pdfself study2020June2021-02-28T06:00:00Z2021-02-28T06:00:00Z1751840138Available June 2020Available June 2020Available June 2020Available June 2020nonoyesno
Self StudySharing Economy Self-Study<h3>Summary</h3> <p>More and more taxpayers are using one of the many online platforms available to rent spare bedrooms, provide car rides, or to connect and provide a number of other goods or services. They are involved in what is called the ‘sharing (or gig) economy.’ This course reviews the proper tax reporting of revenues earned and expenses incurred for taxpayers participating in sharing economy activities. We will also describe the different categories of sharing economy activities.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify if a sharing economy activity rises to the level of a trade or business</li> <li>Properly report income and expenses of sharing economy activities</li> <li>Determine if a taxpayer is eligible to claim the home office deduction</li> <li>Determine the proper treatment of vehicle expense</li> <li>Identify when a taxpayer needs to pay estimated tax payments and self-employment tax</li> <li>Identify the different categories of sharing economy activities</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>2020-04-02T05:00:00Z2021-02-28T06:00:00ZNone2020-04-02T05:00:00Z2020-04-02T05:00:00ZSS20332Basic2Federal Tax Law Topic0N/A2020-04-02T05:00:00Z2020-04-02T05:00:00ZQAS Self Study2Federal Tax Law Topic22TaxesNoneFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2020/SharingEconomy_TOC.pdfself study2020May2021-02-28T06:00:00Z2021-02-28T06:00:00Z8084063nonoyesno
Self StudyTax Impact of Having a Child Self-Study<h3>Summary</h3> <p>With this course, you’ll examine a variety of tax issues involving children ranging in age from 0 to 27. Topics include examining tax credits available to taxpayers with dependent children (including the expanded child tax credit); determining whether a dependency exemption is allowed or allowable (even though the deduction is zero after 2017); determining how the modified kiddie tax (tax on child’s investment and other unearned income) rules impact parent’s and child’s tax return; allocating health insurance from the marketplace to nondependent children under age 27; and claiming tax benefits for qualified education expenses.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Determine which taxpayer is allowed the dependency exemption for a child</li> <li>Identify when kiddie tax is applicable, which rate applies and how it is reported</li> <li>Determine how inheritance or court settlements impact a child’s reporting requirements</li> <li>Summarize the tax credits available to taxpayers with dependent children</li> <li>Analyze the expanded child tax credit, including the new $500 nonrefundable credit</li> <li>Determine how to allocate health insurance for family coverage from the marketplace to a nondependent child under 27</li> <li>Summarize the requirements to claim education credits</li> <li>Determine the tax consequences of distributions from qualified tuition programs (§529 plans)</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p> 2020-04-02T05:00:00Z2021-02-28T06:00:00ZNone2020-04-02T05:00:00ZSS20333Intermediate4Federal Tax Law Topic0N/A2020-04-02T05:00:00ZQAS Self StudyPremium: $0 | Professional: $101 | Basic: $127 | Nonmember: $1344Federal Tax Law Topic44TaxesBasic knowledge of individual taxationFederal Tax Law Topic4 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2020/SharingEconomy_TOC.pdfself study2020July2021-02-28T06:00:00ZAvailable July 2020Available July 2020nonoyesno
Self StudyTax Issues of Divorce Self-Study<h3>Summary</h3> <p>Divorce can be an emotional rollercoaster for the parties involved. Understanding the complications and economic effect at the tax level reassures the taxpayers their returns have been properly prepared. As a tax professional, it’s your responsibility to explain the tax implications of divorce, and report income and expense correctly on the individuals’ returns. When children are involved, it can be tricky to determine which taxpayer can claim an exemption for a child. Knowing how to distinguish between child support and other payments is important. Being prepared when clients come to you in the midst of divorce can alleviate some 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 separated or divorced taxpayers</li> <li>Summarize the exceptions to both spouses being jointly and severally liable when filing a joint return</li> <li>Distinguish which parent is eligible to claim a child as a dependent</li> <li>Recognize the difference between custodial and noncustodial parent for tax purposes</li> <li>Differentiate among alimony, child support and property settlements</li> <li>Summarize the tax treatment of a qualified domestic relations order (QDRO)</li> <li>Determine if a divorced taxpayer has a carryover of an NOL, capital loss or passive loss</li> <li>Assess community property state complications</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p> 2020-04-02T05:00:00Z2021-02-28T06:00:00ZNone2020-04-02T05:00:00ZSS20334Intermediate2Federal Tax Law Topic0N/A2020-04-02T05:00:00ZQAS Self StudyPremium: $0 | Professional: $63 | Basic: $80 | Nonmember: $842Federal Tax Law Topic22BasicKnowledge and experience with individual taxationFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2020/TaxIssuesofDivorce_TOC.pdfself study2020June2021-02-28T06:00:00Znonoyesno
Self StudyTax Reform Impact on S Corps & Partnerships Self-Study<h3>Summary</h3> <p>The <i>Tax Cuts and Jobs Act (TCJA) of 2017</i> continues to affect most small businesses, which presents an exciting opportunity to assist your clients in maximizing their tax savings. We will review the general taxation of partnerships and S corporations and learn how special provisions in the TCJA affect them by applying recently issued guidance, including modifications made by the <i>Coronavirus Aid, Relief, and Economic Security Act </i> (CARES Act). We will also review the partnership audit rules so you can make informed decisions regarding partnership audits. It’s important to understand these rules since the IRS expects to begin using the centralized partnership audit regime in 2020.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Determine and report qualified business income (QBI) information on Schedule K-1</li> <li>Summarize some of the accounting method changes available to small business taxpayers</li> <li>Determine when the business interest expense limitation does not apply</li> <li>Complete Form 8990 when business interest expense is limited at the partnership or S corporation level</li> <li>Summarize key business provisions that were modified by the CARES Act</li> <li>Analyze the partnership audit rules and certain elections the partnership can make</li> <li>Calculate partner’s outside basis in the partnership and report partner’s tax basis capital account</li> <li>Calculate S corporation shareholder’s stock and debt basis </li> <li>Compute and report the built-in gains tax</li> <li>Compare and contrast partnerships and S corporations</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2020-04-02T05:00:00Z2021-02-28T06:00:00ZNone2020-04-02T05:00:00ZSS20335Update7Federal Tax Law Topic0N/A2020-04-02T05:00:00ZQAS Self StudyPremium: $0 | Professional: $153 | Basic: $194 | Nonmember: $2047Federal Tax Law Topic77TaxesKnowledge of S corporation and partnership taxationFederal Tax Law Topic7 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2020/TaxReformImpactonS%20Corp%20Partnerships_TOC.pdfself study2020June2021-02-28T06:00:00Znonoyesno
Self StudyThe Final 1040 and Form 1041 Self-Study<h3>Summary</h3> <p>Be prepared to assist your clients in their time of loss by helping them file their loved one’s final tax returns. This course details the steps to file the taxpayer’s final Form 1040, <i>U.S. Individual Income Tax Return</i>, in the year of their death and Form 1041, <i>U.S. Income Tax Return for Estates and Trusts</i>, in the years following their death. The course addresses allocating income between the final Form 1040 and Form 1041, properly calculating and reporting income in respect of a decedent (IRD) and distributable net income (DNI), and preparing the final Form 1040, the estate Form 1041 and the beneficiaries’ Schedule K-1 (Form 1041), <i>for a Beneficiary Filing Form 1040 or 1040-SR</i>.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify the filing requirements for a final Form 1040</li> <li>Identify the income filing requirements for an estate</li> <li>Differentiate income and expenses between the final Form 1040 and Form 1041</li> <li>Compute the final Form 1040</li> <li>Compute Form 1041</li> <li>Compute Schedule K-1 (Form 1041)</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> 2020-04-02T05:00:00Z2021-02-28T06:00:00ZNone2020-04-02T05:00:00Z2020-04-02T05:00:00ZSS20302Intermediate8Federal Tax Law Topic0N/A2020-04-02T05:00:00Z2020-04-02T05:00:00ZQAS Self Study8Federal Tax Law Topic88TaxesKnowledge and experience with individual taxationFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTPself study2020October2021-02-28T06:00:00Z2021-02-28T06:00:00Z2122230167Available October 20202/28/2021 12:00 AMAvailable October 2020Available October 2020nonoyesno
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 has increased from 14 to more than 10 times that. This course can help you understand common IRS penalties and options for obtaining relief from those penalties.</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 professional</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> 2020-04-02T05:00:00Z2021-02-28T06:00:00ZNone2020-04-02T05:00:00ZSS20337Basic2Federal Tax Law Topic0N/A2020-04-02T05:00:00ZQAS Self StudyPremium: $0 | Professional: $63 | Basic: $80 | Nonmember: $842Federal Tax Law Topic22TaxesFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2020/UnderstandingCommonIRSPenalties_TOC.pdfself study2020June2021-02-28T06:00:00Znonoyesno

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2019 Courses

 

 

Self Study1040 Update Self-Study<h3>Summary</h3> <p>Understanding the yearly changes to the Form 1040 is essential to your success as a tax professional, which is why we’ve dedicated an entire course to learning the updates. This course will cover standard features of inflation-indexed updates you’ll need to understand to prepare your clients’ 2019 returns. It will also cover new head of household paid preparer due diligence, updated tax forms and schedules, the qualified business income (QBI) deduction and modifications to the net operating loss (NOL) rules. Finally, since 2018 was a big year for tax reform, you’ll learn all about the <i>Tax Cuts and Jobs Act</i> and its impact on preparing your clients’ 2019 returns.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Analyze new tax laws and how it affects your clients.</li> <li>Recognize who qualifies as a dependent.</li> <li>Explain the rules for determining proper withholding on the revised Form W-4.</li> <li>Interpret the latest court decisions and IRS rulings.</li> <li>Apply inflation-adjusted amounts to 2019 individual tax returns.</li> <li>Identify extended and expired tax provisions.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book, exam questions, quick reference desk card and multi-page tax law quick reference guide with flowcharts. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-04-01T10:00:00ZSS1930Update8Federal Tax Law Update0N/A2019-10-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $164 | Basic: $208 | Nonmember: $2198Federal Tax Law Update88TaxesBasic knowledge of income taxationFederal Tax Law Update8 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/1040UpdateTOC.pdfself study2019October2021-01-01T05:00:00Znonoyesno
Self StudyAnnual Tax Update Self-Study<h3>Summary</h3> <p>This course assists the tax preparer in getting ready for the 2020 filing season. You’ll become familiar with the 2019 tax laws and new developments, and discover tax planning tips for the upcoming year.</p> <h3>Objectives</h3><p>Upon completion of this course, you will be able to: <ul> <li>Explain tax laws taking effect in 2019.</li> <li>Summarize new developments that occurred in 2019.</li> <li>Advise clients on ways to lower their taxes in the future.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-07-10T05:00:00Z2020-12-31T06:00:00ZNone2019-05-01T04:00:00ZSS1902Update3Federal Tax Law Update0N/A2019-10-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $82 | Basic: $104 | Nonmember: $1093Federal Tax Law Update33TaxesKnowledge of federal income taxationFederal Tax Law Update3 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/2019%20Annual%20Tax%20Update%20TOC.pdfself study2019October2020-12-31T05:00:00Znonoyesno
Self StudyBusiness Tax Reporting on the 1040: Real Estate and Self-Employed Self-Study<h3>Summary</h3> <p>This course will dive into tax reporting for Schedule E, <i>Supplemental Income and Loss</i>, and Schedule C, <i>Profit or Loss from Business (Sole Proprietorship)</i>, the heart of many tax returns. With Schedule E, we will discuss income and expense reporting of rental properties; passive activity rules; qualified business income eligibility; vacation home rental rules; self-rentals; and real estate professionals. With Schedule C, we will examine income reporting; identify which expenses are deductible and which are not including meals and entertainment, home office, and depreciation; calculate qualified business income; and set up an accountable expense reimbursement plan. Finally, we will discuss statutory employees and their income and expense reporting requirements. There will be a comprehensive example on properly completing Schedule E and Schedule C for business owners and statutory employees.</p> <h3>Objectives</h3><p>Upon completion of this course, you will be able to: <ul> <li>Define passive activity rules.</li> <li>Identify when a rental is eligible for the QBI deduction.</li> <li>Summarize vacation home rental rules.</li> <li>Summarize the requirements for a real estate professional.</li> <li>Identify deductible and nondeductible expenses for Schedules E and C.</li> <li>Calculate QBI for a Schedule C owner.</li> <li>Prepare an accountable plan.</li> <li>Define statutory employee.</li> <li>Prepare Schedules E and C.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-07-10T05:00:00ZSS1904Intermediate8Federal Tax Law Topic0N/A2019-10-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $164 | Basic: $208 | Nonmember: $2198Federal Tax Law Topic88TaxesBasic knowledge of individual taxationFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/BusinessTaxReportingTOC.pdfself study2019October2020-12-31T06:00:00Znonoyesno
Self StudyIntermediate Partnerships Self-Study<h3>Summary</h3> <p>This is a self-study course for those who already have a basic understanding of partnership taxation. You’ll learn the different types of partnership operations, such as limited partnerships or limited liability companies, and review the form of business that can alter a partner's taxation. Various elections made at the partnership level that serve as planning tools for preparing returns will also be reviewed.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Differentiate between the different types of partnerships.</li> <li>Recognize tax basis capital accounts.</li> <li>List the important tax rules regarding special tax allocations.</li> <li>Summarize important rules regarding guaranteed payments.</li> <li>Identify a §754 election.</li> <li>Calculate basis adjustments required by a §754 election.</li> <li>Identify disguised sales.</li> <li>Prepare Form 1065 when one partner leaves a two-partner partnership.</li> <li>Identify limited liability partners for purposes of self-employment tax.</li> <li>Prepare Form 8308.</li> <li>Prepare Form 1065 when a partner terminates an interest.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T11:00:00ZSS1910Intermediate8Federal Tax Law Topic0N/A2019-02-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $164 | Basic: $208 | Nonmember: $2198Federal Tax Law Topic88TaxesKnowledge of Federal Income TaxFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/IntermediatePartnershipsTOC.pdfself study2019February2021-01-01T05:00:00Znonoyesno
Self StudyIntermediate S Corporations Self-Study<h3>Summary</h3> <p>This hands-on course is ideal for tax professionals who have already prepared S corporation returns and are looking to improve their skills to better assist clients with their continuing needs. Topics include reasonable compensation, built-in gains tax, distributions, shareholder basis, shareholder loss limitations, ownership changes and liquidation issues.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Determine if an S corporation is paying reasonable compensation to its shareholder employees.</li> <li>Identify corporations subject to the built-in gains tax.</li> <li>Compute and report the built-in gains tax.</li> <li>Compute the shareholder’s stock basis in the S corporation.</li> <li>Determine the timing and ordering rules for basis adjustments.</li> <li>Demonstrate how distributions from an S corporation are taxed.</li> <li>Report the repayment of reduced-basis debt.</li> <li>Compare and contrast AAA, stock basis, and retained earnings.</li> <li>Report the sale of S corporation stock.</li> <li>Determine how income and losses are allocated when there is a change in ownership.</li> <li>Identify an inadvertent termination of the S election and summarize how to fix it.</li> <li>Prepare a final Form 1120S for the year of liquidation.</li> <li>Report post-liquidation expenses.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T05:00:00ZSS1911Intermediate8Federal Tax Law Topic0N/A2019-03-08T05:00:00ZQAS Self StudyPremium: $0 | Professional: $164 | Basic: $208 | Nonmember: $2198Federal Tax Law Topic88TaxesBasic understanding of preparing Form 1120-SFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/IntermediateSCorpTOC.pdfself study2019May2021-01-01T05:00:00Znonoyesno
Self StudyIntroduction to Tax Preparation Self-Study<h3>Summary</h3> <p>If you are just starting out in the tax industry and need help preparing your first returns, this is the perfect solution. This course is great for those just starting their career and will cover the basics of tax with a step-by-step analysis of Form 1040 and certain accompanying schedules.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Correctly identify a taxpayer’s filing requirements and filing status.</li> <li>Determine who is eligible to be claimed as a dependent.</li> <li>Correctly report different types of income and adjustments to income.</li> <li>Compare itemized deductions and the standard deduction.</li> <li>Distinguish nonrefundable from refundable income tax credits.</li> <li>Calculate an individual tax client’s federal income tax liability.</li> <li>Complete Form 1040, Schedule A, and Schedule B.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T05:00:00ZSS1917Basic0N/A0N/A2019-06-01T04:00:00ZQAS Self StudyPremium: $0 | Professional: $322 | Basic: $408 | Nonmember: $42916Federal Tax Law Topic1616TaxesNoneFederal Tax Law Topic16 CPE for AFSP, EA, CPA/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/IntroductionToTaxPreparationTOC.pdfself study2019June2021-01-01T05:00:00Znonoyesno
Self StudyQBI and Choosing a Business Entity Self-Study<h3>Summary</h3> <p>The final §199A regulations that included guidance on the qualified business income (QBI) deduction released contained over 300 pages. This hands-on workshop will walk through the QBI rules from the standpoint of the entity and complete several case studies that involve QBI and decisions related to various entities. Choosing an entity for your client is also important, as each type has its pros and cons when it comes to filing taxes. We’ll analyze switching entities and the tax consequences associated with that change. We’ll also illustrate the changing tax laws to maximize deductions for partners, shareholders and self-employed individuals.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Outline the new rules regarding Qualified Business Income (QBI).</li> <li>Identify which taxpayers can take the deduction for QBI.</li> <li>Calculate QBI and the QBI deduction.</li> <li>Identify filing requirements for entities passing thru QBI to Partners or Shareholders.</li> <li>Correctly report income and expenses to adhere to new QBI rules.</li> <li>Complete the Forms 1065 and 1102S for clients with QBI and compare with Schedule C.</li> <li>Apply entity selection strategy to case studies.</li> <li>Discuss requirements and consequences to change business entities.</li> <li>Illustrate how an S Corporation how it changes its business entity.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T05:00:00ZSS1918Intermediate6Federal Tax Law Topic0N/A2019-08-15T05:00:00ZQAS Self StudyPremium: $0 | Professional: $135 | Basic: $171 | Nonmember: $1806Federal Tax Law Topic66TaxesBasic knowledge of federal income taxationFederal Tax Law Topic6 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/QBI%20and%20Choosing%20a%20Business%20Entity%20TOC.pdfself study2019July2021-01-01T05:00:00Znonoyesno
Self StudyTax Impact of Having a Child Self-Study<h3>Summary</h3> <p>Clients with children require extra attention as there are a variety of tax issues involving children ranging in age from 0 to 27. Topics include examining tax credits available to taxpayers with dependent children (including the expanded child tax credit); determining whether a dependency exemption is allowed or allowable (even though the deduction is zero for 2018-2025); determining how the modified kiddie tax rules impact parents and children; allocating health insurance from the Marketplace to nondependent children under age 27; and claiming tax benefits for qualified education expenses.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Determine which taxpayer is allowed the dependency exemption for a child.</li> <li>Identify when a child is subject to kiddie tax, which tax rate applies and how it is reported.</li> <li>Determine how inheritance or court settlements impact a child’s reporting requirements.</li> <li>Summarize the tax credits available to taxpayers with dependent children.</li> <li>Analyze the expanded child tax credit, including the $500 nonrefundable credit.</li> <li>Determine how to allocate health insurance for family coverage from the Marketplace to a nondependent child under 27.</li> <li>Summarize the requirements to claim education credits.</li> <li>Determine the tax consequences of distributions from qualified tuition programs (§529 plans).</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T11:00:00ZSS1928Intermediate4Federal Tax Law Topic0N/A2019-02-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $98 | Basic: $124 | Nonmember: $1304Federal Tax Law Topic44TaxesKnowledge of Federal Income TaxFederal Tax Law Topic4 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/TaxImpactHavingAChildTOC.pdfself study2019February2021-01-01T05:00:00Znonoyesno
Self StudyTax Issues of Divorce Self-Study<h3>Summary</h3> <p>Understanding the complications and economic effects of a divorce at the tax level reassures your clients their returns have been properly prepared. As a tax professional, it’s your responsibility to explain the tax implications of divorce, and report income and expense correctly on the individuals’ returns. When children are involved, it can be tricky to determine which taxpayer can claim an exemption for a child. This course will review how to distinguish between child support and other payments, as well as everything else you need to know to prepare a return that will best represent your client.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify the most appropriate filing status for separated or divorced taxpayers.</li> <li>Summarize the exceptions to both spouses being jointly and severally liable when filing a joint return.</li> <li>Distinguish which parent is eligible to claim a child as a dependent.</li> <li>Recognize the difference between custodial and noncustodial parent for tax purposes.</li> <li>Differentiate among alimony, child support and property settlements.</li> <li>Summarize the tax treatment of a qualified domestic relations order (QDRO).</li> <li>Determine if a divorced taxpayer has a carryover of an NOL, capital loss or passive loss.</li> <li>Assess community property state complications.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T05:00:00ZSS1921Intermediate2Federal Tax Law Topic0N/A2019-03-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $60 | Basic: $76 | Nonmember: $802Federal Tax Law Topic22TaxesKnowledge of Federal Income TaxFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/TaxIssuesOfDivorceTOC.pdfself study2019February2021-01-01T05:00:00Znonoyesno
Self StudyTax Reform Impact on S Corps & Partnerships Self-Study<h3>Summary</h3> <p>The <i>Tax Cuts and Jobs Act</i> of 2017 affects most small businesses, which presents an additional opportunity to assist your clients in maximizing tax savings. This hands-on course will look at partnerships and S corporations, their elections and adjustments, as well as how the new tax law affects them.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Describe the taxation of partnerships.</li> <li>Identify the effects of partnership elections.</li> <li>Calculate required basis adjustments.</li> <li>Identify adjustments to be made on Form 1065, Schedules M-1 and M-2.</li> <li>Describe the taxation of S corporations.</li> <li>Compute and report the built-in gains tax.</li> <li>Compare and contrast AAA, stock basis and retained earnings.</li> <li>Identify the effects of S corporation elections.</li> <li>Identify adjustments to be made on Form 1120S, Schedules M-1 and M-2.</li> <li>Identify the provisions of the <i>Tax Cuts and Jobs Act</i> that affect partnership and S corporation taxation.</li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T05:00:00ZSS1922Intermediate6Federal Tax Law Topic0N/A2019-08-15T05:00:00ZQAS Self StudyPremium: $0 | Professional: $135 | Basic: $171 | Nonmember: $1806Federal Tax Law Topic66TaxesBasic knowledge of federal income taxationFederal Tax Law Topic6 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/Tax%20Reform%20Impact%20on%20S%20Corporations%20and%20Partnerships%20TOC.pdfself study2019July2021-01-01T05:00:00Znonoyesno
Self StudyWorking Abroad and Form 2555 Self-Study<h3>Summary</h3> <p>If you have a client who works and receives income from that work in another country, you must be careful of double taxation, meaning paying taxes twice on the same source of earned income. This comprehensive course explores the tax implications of working abroad and introduces the forms needed to file the taxpayer’s return correctly. To mitigate potential double taxation, §911 provides a foreign earned income exclusion and a foreign housing deduction or exclusion to qualifying taxpayers. Form 2555, <i>Foreign Earned Income</i>, calculates these exclusions. You’ll learn all of these forms, and more, in this course.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Determine if a taxpayer qualifies for the foreign earned income exclusion and the foreign housing deduction or exclusion.</li> <li>Differentiate between the foreign housing deduction and exclusion.</li> <li>Identify social security issues and self-employment issues related to working abroad.</li> <li>Summarize how totalization agreements and tax treaties with foreign countries impact the taxpayer.</li> <li>Prepare Form 2555, <i>Foreign Earned Income</i>, to determine the appropriate foreign income exclusion for the taxpayer. </li> </ul> <h3>Course Details</h3> <p>This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.</p>2019-02-01T11:00:00Z2021-01-01T05:00:00ZNone2019-02-01T11:00:00ZSS1932Basic2Federal Tax Law Topic0N/A2019-02-01T05:00:00ZQAS Self StudyPremium: $0 | Professional: $60 | Basic: $76 | Nonmember: $802Federal Tax Law Topic22TaxesNoneFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTP/EventsAndEducation/Documents/Textbook%20Table%20of%20Contents/2019/WorkingAbroadAndForm2555TOC.pdfself study2019February2021-01-01T05:00:00Znonoyesno

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