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IRS Tax Penalties/Resolving Issues
- Duration
- 100 minutes
- Prerequisite
- General understanding of federal tax law
- Advanced preparation
- None
- Delivery method
- Group Live
Description
IRS penalties are charges imposed for failing to meet tax obligations, such as late filing, late payment, or inaccurate reporting, and they can accumulate over time with interest. States assess penalties on taxpayers for noncompliance. Tax professionals face a variety of potential penalties and states have jumped on the bandwagon assessing their own penalties on the paid tax preparation community. This module will examine the variety of penalties members of the National Association of Tax Professionals may encounter in the ordinary course of the tax business.
Details
Tax Issues for Seniors
- Duration
- 100 minutes
- Prerequisite
- General understanding of federal tax law
- Advanced preparation
- None
- Delivery method
- Group Live
Description
As taxpayers enter retirement, tax professionals can offer guidance on tax planning so their clients receive all the tax benefits available to them in their new stage of life. To assist recent retirees, this course explains the taxation of Social Security benefits and distributions from different types of retirement plans, including how to plan for required minimum distributions (RMDs). It also covers the tax consequences of long-term care insurance, as well as the deductibility of long-term care expenses in the later stages of retirement. Finally, the course wraps up by discussing the pros and cons of creating a life estate.
Details
2026 Tax Season Issues
- Duration
- 100 minutes
- Prerequisite
- General understanding of federal tax law
- Advanced preparation
- None
- Delivery method
- Group Live
Description
This seminar will cover a variety of topics Preparers have encountered in the 2025 filing season, it will include real life examples regarding Roth conversions including from a 529 Plan, Review form 1099-DA, future filing requirements for forms 1099-K, 1099-NEC/1099-MISC, Review changes to rules concerning deducting contributions and mortgage interest. Explain the effects of the death of a spouse on the section 121 exclusion. Cover new rules concerning catch up retirement plan contributions. Explain the rules for reporting sales of collectibles. Explain changes to deducting casualty and gambling losses. Review exceptions to the 10% early distribution penalty. Explain RMD rules including who qualifies as a Eligible Designated Beneficiaries and Qualified Charitable Distributions. Cover rules to qualify for head of household status. Explain how to determine maximum retirement contributions to a self-employed 401k.
Details
Ethics: The Use of Generative AI Under Circular 230
- Duration
- 100 minutes
- Prerequisite
- General understanding of federal tax law
- Advanced preparation
- None
- Delivery method
- Group Live
Description
Ethics is a vital part of the annual continuing education for tax professionals. Artificial intelligence is now a daily tool in tax practices, many not realizing that it is being used. Practitioners use AI to draft correspondence, summarize tax law, assist with research, and support tax planning discussions. However, while technology has evolved, Circular 230 still exists. AI is a tool and not the paid preparer in the eyes of the IRS. No matter how advanced AI becomes, Circular 230 requirements do not change. The duties of competence, due diligence, confidentiality, and professional judgment remain solely with the tax practitioner.
Details
CPE sponsor disclosure
The CPE associated with this education is provided by the New York NATP Chapter and is independent of national NATP sponsorship.
IRS sponsor number: SC1N9
See our CPE sponsor page for more information on reporting.