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The Internal Revenue Service routinely processes more than 200 million tax returns each year, many of them prepared by tax professionals. Not surprisingly, as tax law becomes increasingly complex, taxpayers often seek for the knowledgeable assistance of attorneys, CPAs, enrolled agents and other qualified tax return preparers. To help ensure such professionals understand their ethical responsibilities in representing their clients before the IRS and in preparing their tax returns, the IRS has published Treasury Department… | |
Description: This course presents an overview of tax treaties and how they are used in structuring transactions and determining the tax impact of cross-border transactions. It discusses the ordering rules for local laws versus treaty laws, and the purpose of the tax treaties in avoiding and eliminating double taxation to promote trade and investment. The participant will learn about planning… | |
Federal tax policy is designed to accomplish numerous goals, from funding the government to encouraging socially beneficial actions such as saving for retirement. ERISA, the Employee Retirement Income Security Act, was created principally to meet the latter objective. ERISA created an individual retirement arrangement usually referred to simply as an IRA to encourage taxpayers who were not participants in an employer-sponsored qualified retirement plan to save money to fund their future retirement needs. That was… | |
One of the important considerations in many financial transactions is the tax treatment the transaction is given. Often, the impact of taxation is a consideration in the purchase of life insurance every bit as much as it applies to stock purchases, bond purchases, and the establishment of qualified retirement plans.
In this course we will look at the tax treatment given proceeds from life insurance policies and will consider the taxation of death benefits, cash value… | |
Employer-sponsored retirement plans, generally referred to in the aggregate as qualified employee plans, constitute one of the important legs of the retirement stool that individuals look to for their income in retirement. The other two legs of that stool are personal saving through investment in securities, deferred annuities, savings accounts, etc., and Social Security retirement benefits. This course will examine qualified employee plans, their limits, and their tax treatment along with a discussion of annuities… | |
Health insurance is so central to the health and well-being of people that it may be hard for many Americans to believe it could ever have been a less important factor in helping to promote good health than it is today. In fact, health insurance as it is recognized today is a relatively recent development. Since the early development of health insurance coverage, many changes have occurred in the manner in which health care services… | |
According to a survey done by the Pew Research Center whose results were published in November 2021, 16% of Americans indicated they personally have invested in, traded, or otherwise used virtual currency additionally, the number of people investing in or engaging in transactions involving virtual currency continues to increase. These statistics strongly suggest that tax preparers must be aware of the nature of virtual currency and its tax treatment. It's to provide that awareness that… | |
Description: This course will introduce you the different types of business entities and the tax implications of contributions, distributions and earnings, among other topics.Who should Attend: This course is suitable for Corporate tax and finance executives, directors, managers and staff, CPAs, CAs Enrolled Agents, accountants, attorneys and business/financial advisors who work with and advise… | |
Description: In the course of legal actions, payments may be made pursuant to a final disposition of a court case or a mutually agreed-upon settlement. This course will cover the tax implications for payments made for personal injury, emotional distress, lost wages, punitive awards, pre- and post-judgement interest, contract claims, among other damages. Who should Attend: … | |
The Corporate Transparency Act (CTA) - is a law that mandates that a business entity must disclose who the beneficial owners of the entity are. Any business entity formed by application is subject to the CTA these entities include Corporations (both C and S), Partnerships (both general and limited), Professional Corporations, and Limited Liability Entities (in all Forms). Why is this law here? Well there are those in congress that are concerned all business entities… | |
The Tax Cuts and Jobs Act of 2017 (TCJA) affects the tax planning and income tax liability for many taxpayers. Among those for whom the TCJA will have a more significant effect are business owners of pass-through trades or businesses who may be eligible for the TCJA pass-through deductions.
This course will examine the pass-through deduction authorized under 199A of the TCJA. The text is conceptually divided into three sections: First, calculation of the pass-through deduction… | |
Description: This course presents an overview of blockchain and the tax implication of cryptocurrency transactions. The IRS has provided some recent guidance, but potentially conflicting pronouncements by other regulatory agencies have created uncertainty on reporting issues. This course will help the practitioner understand when a taxable transaction has occurred, what reports to file to satisfy IRS requirements, and identify tax traps for the unwary.
Who should Attend: This course is suitable for Corporate tax and finance… | |
Top Trends Impacting the Accounts Payable Function
In the complex world of finance and accounting, the significance of mastering accounts
Change, and radical change at that, is coming to accounting and finance space. It is coming faster than anyone thought just a few short years ago. The accounts payable function is likely to be the first casualty ̶ or success, depending on your reaction. By identifying the trends that are apt to make the biggest impact and… | |
Please join us for a discussion on Treasury Circular 230 and other ethical issues faced by enrolled agents and other tax preparers. In addition to covering the practice standards espoused by Treasury Circular 230, there will also be an overview of the applicable provisions in the Internal Revenue Code (IRC) and common law which will affect tax preparers. The discussion will conclude with other ethical issues, such as avoiding conflicts of interest, proper fee structure… | |
This course can benefit accountants, as well as business managers, who want to understand how financial ratios and other forms of analyses can be used to evaluate a business. This course also covers the investment classifications and investment accounting used by companies to record investments within their financial statements. | |
This course discusses the requirements of a Written Information Security Plan (WISP), as well as key components. Beginning with PTIN renewal season 2024 all PTIN holders must certify they have a WISP and have trained employees, staff and sometime contractors. Upon completion of the course, you will understand the history of the WISP set for under Gramm-Leach-Bliley Act and how Circular 230, AICPA Statement of Standards and the Federal Trade Commission ensure practitioner compliance.
To complete… |