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Ethics
- Identify the ethical standards governing tax professionals, including key provisions of the AICPA Code of Professional Conduct and IRS Circular 230.
- Recognize common conflicts of interest that arise in tax practice, including client, employer, and personal conflicts.
- Analyze ethical dilemmas using professional standards to determine appropriate courses of action.
- Evaluate independence, objectivity, and confidentiality requirements in tax engagements.
- Apply due diligence and disclosure requirements to real-world tax scenarios.
- Implement best practices for managing and mitigating conflicts of interest in compliance with professional and regulatory expectations.
- Summarize EIC Qualifications
- Analyze Form 8867, Paid Preparer’s Due Diligence
- Instructor
- A J Reynolds
- Duration
- 100 minutes
- Prerequisite
- None
- Advanced preparation
- None
- Delivery method
- Group Live
Description
This course provides tax professionals with a comprehensive overview of ethical standards and conflict of interest rules applicable to tax practice. Participants will examine professional responsibilities under IRS Circular 230. Through practical examples and case-based discussion, the course explores common ethical challenges, including conflicts of interest, independence issues, confidentiality, due diligence, and practitioner conduct. The course emphasizes identifying, evaluating, and appropriately resolving ethical dilemmas to maintain professional integrity and protect the public interest. Furthermore, this course will dive into EIC eligibility and due diligence associated with. Tax professionals who prepare returns claiming the earned income tax credit (EIC) must comply with the IRS’s strict due diligence requirements for each return filed and understand the rules used to determine eligibility for the credit. This session provides tax preparers with the information they need to comply with due diligence requirements.
Objectives
Upon completion of this course, you will be able to:
Details
Penalty Abatement Reasonable Cause
- Describe the glossary of terms to Know
- Explain and depict Reasonable Cause Assistant {RCA}
- Interpret First Time Abatement {FTA} Program and distinguish when to use and when not to
- Explain Revenue Procedure 84-35 and will offer an update if still available since the new Partnership Audit Regime
- Analyze, Discuss and translate Reasonable Cause issues for penalty abatement
- Illustrate and present Abatement and or Appeal Letter Formats
- Educate and discuss Form 843 and when to use
- Enlighten on the procedure for filing and usage on Form 8275
- Instructor
- A J Reynolds
- Duration
- 100 minutes
- Prerequisite
- None
- Advanced preparation
- None
- Delivery method
- Group Live
Description
This course presents numerous topics within the subject of Reasonable Cause. We will demonstrate how to navigate a first-time Abatement Program. We will show by using the Internal Revenue Manual, IRC, Regulations and case law how to navigate and support your clients reasonable cause position. This webinar will provide valuable techniques to assist our clients to reduce penalties imposed by the Internal Revenue Service in various situations. Come join us for this indispensable webinar to assist your clients in their time of need.
Objectives
Upon completion of this course, you will be able to:
Details
House Flipping, Short Term Rentals
- House Flipping of Real Estate
- Investors of Real Estate
- Court Cases, ATGs, Revenue Rulings
- Distinguish between Schedule E & Schedule C reporting for rental property
- Dive into short-term rentals
- Understanding related terms and definitions
- Instructor
- A J Reynolds
- Duration
- 100 minutes
- Prerequisite
- General understanding of federal tax law
- Advanced preparation
- None
- Delivery method
- Group Live
Description
Join us for this essential session to assist with handling unique situations of house flipping and Short-term Rentals. You have seen house flipping shows on television, if not, you have probably heard of people flipping homes for a profit. But what you have not seen discussed on these TV shows or at the local coffee shop, is what are the tax implication of Flipping a dwelling. When your client mentions they want to flip houses, there is more you need to ask to determine how to report those transactions. Will your client be a flipper or an investor holding a capital asset? Will the expenses be capitalized, expensed, depreciated, or part of inventory? In addition to having rental properties or renting vacation homes, more and more taxpayers are renting their homes through VRBO, Airbnb and other online platforms. In this session you'll learn which form to properly report rentals on, either Schedule E (Form 1040), Supplemental Income and Loss, Page 1, or Schedule C (Form 1040), Profit or Loss from Business. Furthermore, you'll learn proper depreciation methods, converting Personal Residence to a rental and renting to related parties. Finally, we will explore Short-term rentals and related tax consequences. Join us for this must attend session to assist you in handling unique situations of rental properties. Objectives: In this session you'll learn which form to properly report rentals on, either Schedule E (Form 1040), Supplemental Income and Loss, Page 1, or Schedule C (Form 1040), Profit or Loss from Business. Furthermore, you'll learn proper depreciation methods, converting Personal Residence to a rental and renting to related parties.
Objectives
Upon completion of this course, you will be able to:
Details
Divorce and the Tax Implications
- Assist with tax planning for Divorce
- Identify Conflict of Interest issues
- Review requests for records
- Analyze changes made by the TCJA
- Select correct filing status
- Inform clients on Name, Address, and W-4 Changes
- Explain Innocent Spouse issues
- Quantify Exemptions
- Relate critical issues encompassing Form 8332
- Appraise Basis of Property in Divorce
- Examine Credits associated with dependents
- Summarize QDRO and IRA’s
- Alimony and Child Support
- Distinguish Capital Losses, NOL’s Donations, and other credits and deductions
- Analyze IRS Tax Collection regarding Divorce
- Instructor
- A J Reynolds
- Duration
- 100 minutes
- Prerequisite
- General understanding of federal tax law
- Advanced preparation
- None
- Delivery method
- Group Live
Description
What happens when your clients divorce? Divorce is an emotional occurrence for all involved. What is the significance of the tax professional assisting clients through this difficult time? This course will explain the importance of working with and advising our clients on tax related divorce issues. We will discuss filing status, name change, joint & separate responsibility & liability. We will explore dependents and associated tax credits. Analyze retirement plans, alimony, child support, property settlements, allocating estimated payments, NOLs, and Capital Loss carryovers. Objectives: This course will explain the importance of working with and advising our clients on tax related divorce issues. We will discuss filing status, name change, joint & separate responsibility & liability. We will explore dependents and associated tax credits. Analyze retirement plans, alimony, child support, property settlements, allocating estimated payments, NOLs, and Capital Loss carryovers.
Objectives
Upon completion of this course, you will be able to:
Details
Individual & Business Updates Part 1
- Summarize any late breaking bills, guidance, and other tax related legislation
- Appraise Bonus, IRC § 179, and other Depreciation opportunities
- Analysis update of Employee vs Independent Contractor issues
- Explore CTA update and Real Estate closings requirements with FinCEN
- Review PTET
- Individual and Business updates regarding the One Big Beautiful Bill
- Cybersecurity for our Tax Practice
- Explore Virtual Currency issues and reporting obligations
- Instructor
- A J Reynolds
- Duration
- 100 minutes
- Prerequisite
- None
- Advanced preparation
- None
- Delivery method
- Group Live
Description
Our profession continues to be challenged, and tax changes never rest, nor should tax professionals. Join us for this fast-paced, must-attend two-hour overview where you will receive the latest information and guidance that has transpired while you were conquering tax season, recovering, and trying to find free time for ourselves. Seasoned veterans and new tax professionals will discover that this course will offer guidance and provide balance needed for your office. We will discuss multiple topics affecting your practice encompassing your individual and business clients.
Objectives
Upon completion of this course, you will be able to:
Details
Individual & Business Updates Part 2
- Summarize any late breaking bills, guidance, and other tax related legislation
- Appraise Bonus, IRC § 179, and other Depreciation opportunities
- Analysis update of Employee vs Independent Contractor issues
- Explore CTA update and Real Estate closings requirements with FinCEN
- Review PTET
- Individual and Business updates regarding the One Big Beautiful Bill
- Cybersecurity for our Tax Practice
- Explore Virtual Currency issues and reporting obligations
- Instructor
- A J Reynolds
- Duration
- 50 minutes
- Prerequisite
- General understanding of federal tax law
- Advanced preparation
- None
- Delivery method
- Group Live
Description
Our profession continues to be challenged and tax changes never rest, nor should tax professionals. Join us for this fast-paced, must-attend two-hour overview where you will receive the latest information and guidance that has transpired while you were conquering tax season, recovering, and trying to find free time for ourselves. Seasoned veterans and new tax professionals will discover that this course will offer guidance and provide balance needed for your office. We will discuss multiple topics affecting your practice encompassing your individual and business clients
Objectives
Upon completion of this course, you will be able to:
Details
Business Meals, Entertainment, and Travel
- Examine § 274
- Define key terms
- Analyze Business Meals
- What is Entertainment
- Define what is a Restaurant
- Identify substantiation requirements
- Assess accountable plans
- Discuss Tax Home
- Review Case Law
- Instructor
- A J Reynolds
- Duration
- 50 minutes
- Prerequisite
- General understanding of federal tax law
- Advanced preparation
- None
- Delivery method
- Group Live
Description
Travel and meal expenses are deductible if they are ordinary, necessary, and reasonable expenses associated with a trade or business. This course will analyze changes the underlying rules under Internal Revenue Code § 274. In addition, we will discuss what changes occur under this topic under OB3.
Objectives
Upon completion of this course, you will be able to:
Details
Foreclosure Cancellation of Debt
- Explore Foreclosures, Short Sales, Abandonments, and Repossessions
- Examine Forms 1099-A and 1099-C
- Investigate what is the “deemed sales price” on Foreclosure and/or Cancellation of Debt
- What Form does the “Deemed Sale” go on
- Clarify the difference of Nonrecourse and Recourse loans
- Furnish examples of these ‘transactions’
- Instructor
- A J Reynolds
- Duration
- 50 minutes
- Prerequisite
- General understanding of federal tax law
- Advanced preparation
- None
- Delivery method
- Group Live
Description
The huge number of individuals and businesses that now find themselves overextended, facing reduced property values and the prospect of foreclosure is a financial earthquake of epic proportions. Foreclosures are no-win situations. Owners of real property facing a distress sale, and generally already under financial strain, are often unpleasantly surprised to learn that in addition to losing their investment in a property, two types of income can result from an abandonment, a foreclosure, a deed in lieu of foreclosure, or a short sale: capital gains, and relief of indebtedness income. Both types of income can trigger unexpected taxes for the owner.
Objectives
Upon completion of this course, you will be able to:
Details
Cybersecurity for your Tax Practice
- Explain IRS requirements for tax practice data security
- Comprehend how to verify the security of preparer/firm data
- Identify possible threats to your firm
- How to respond to a Cybersecurity hack
- Discuss Cyber Insurance
- Explore the Data Security Plan requirements
- Analyze the IRS Security Six
- Instructor
- A J Reynolds
- Duration
- 50 minutes
- Prerequisite
- None
- Advanced preparation
- None
- Delivery method
- Group Live
Description
You may have already experienced a cybersecurity breach and not even be aware of it. According to the Ponemon Institute report, on average it takes firms 212 days to discover their business was hacked. Statistics highlight that we are more likely to experience a data breach than we are to catch the flu. The question is, “not if, but when” you will be targeted. This session addresses scams, threats, prevention, data security requirements and steps to take in the aftermath of a breach. The smaller your firm is, the more imperative it is to attend this session. The Gramm-Leach-Biley (GLB) Act of 1999 requires companies defined under the law as “financial institutions” to ensure the security and confidentiality of this type of information. The “financial institutions” definition includes professional tax preparers. Confidentiality, integrity, and availability are duties of the tax professional community to protect our clients’ information from disclosure to third parties and threat from cyber-attacks.
Objectives
Upon completion of this course, you will be able to:
Details
CPE sponsor disclosure
The CPE associated with this education is provided by the Georgia NATP Chapter and is independent of national NATP sponsorship.
IRS sponsor number: 0G3WP
See our CPE sponsor page for more information on reporting.