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This course offers an overview of what Hedge Funds are, how they operate and what is Hedge Fund Accounting all about. The course offers fundamental knowledge of Net Asset Valuation (NAV) concept, essentials of NAV calculation, NAV accounting and reporting process. It describes some useful terms a Hedge Fund Accountant can expect to encounter, basics of portfolio accounting, pricing, and reconciliation process. The course briefly discusses a fund’s income and expenses, and their impact on NAV. Finally, the course offers a bird’s eye view of hedge fund structures, fees, and basic investors’ capital activities

This course offers an overview of Swap Accounting. Starting with basic definition of swap, the course discusses different types of Swap instruments Hedge funds typically trade in and benefits of having exposure in swaps. The course further discusses accounting entries for Swaps, how to calculate Gain/Loss on swaps and how to show Swap Income and Open Swap Positions on a Fund’s Financials.

Designed to make the practitioner comfortable with “high traffic” issues, this program enables participants to discuss and handle business/personal tax essentials. The course examines and explains the practical aspects of individual & corporate planning, bridging the gap between theory and application. Significant new developments are summarized with an emphasis on tax savings ideas. This course examines and explains the practical aspects of using a closely held corporation to maximize after-tax return on business operations. Recent developments giving corporations a competitive edge over other entities are explored and detailed. Practitioners are alerted to often missed fringe benefits, retirement planning opportunities, corporate business deductions, income splitting possibilities, and little-known estate planning techniques.

To complete this course participants need to: Read the material provided and answer chapter review questions, successfully complete the qualified assessment with a minimum of 70% accuracy to receive your certificate. In Addition, no correct or incorrect feedback for any exam question will be provided.

Upon course completion A course evaluation form is provided for your feedback.

Participants have 1 year from the date of purchase/enrollment to complete this course

CPE Prime is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:  www.nasbaregistry.org

Our Refund policy can be found at: https://cpeprime.com/cancellation-and-refund/

This course is designed to apprise the participant of relevant U.S. Laws, research, and best practices for prevention and remediation of sexual harassment in the workplace. There will be a focus on defining sexual harassment, description of the prevalence of sexual harassment, and understanding the causes and consequences thereof. An emphasis will be placed on understanding sexual harassment in accounting settings, predictors of sexual harassment, and actions that can be taken to prevent and remediate unacceptable behavior.

Course Outline
Introduction
Definition and History of Sexual Harassment
Prevalence of Sexual Harassment
Federal and State Laws
Consequences of Sexual Harassment
Predictors of Sexual Harassment
Prevention and Intervention
Conclusion and Case Scenarios

Course Objectives
After course completion, the participant will be able to:
Define sexual harassment
Describe the prevalence of sexual harassment in the United States
Understand both Federal and some exemplar state laws pertaining to sexual harassment in the workplace
Identify kinds of sexual harassment from vignettes, identify potential risk and liability in the vignettes, and brainstorm actions that could prevent or intervene in the scenario
Understand the negative consequences of sexual harassment at the individual and organizational levels

Target Audience
This course is designed for accounting professionals who desire to better understand and address sexual harassment in the workplace. It also meets the yearly sexual harassment training guidelines for the State of Illinois.

Course Summary
This course will provide accountants with the knowledge, awareness, and skills to prevent and remediate sexual harassment in the workplace with an intent to improve working conditions for all and limit legal liability.

To complete this course participants need to: Answer polling questions to meet NASBA / IRS / State Board of Accountancies requirements for attendance verification.

Upon course completion a course evaluation form is provided for your feedback.

Participants have 1 year from the date of purchase/enrollment to complete this course

CPE Prime is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:  www.nasbaregistry.org

This course will help financial professionals to support the career development of themselves and others. People who complete this course will be better able to attract and retain talent in their organization by better understanding how to identify and support the career development of others, especially interns and new hires.

Course Outline
1. The Foundations of Career Development
2. The Benefits of Career Development
3. The Practice of Career Development

Course Objectives
After course completion, the participant will be able to:
1. Define key terms and theories associated with vocational psychology
2. Describe the history of the professional career development services
3. Describe the benefits of career development for individuals and organizations
4. Use specific guidelines for facilitating career development of others

Target Audience
This course is designed for financial and accounting professionals wishing to increase their understanding of vocational psychology for their personal benefit, the benefit of others, and for the benefit of their organization. This presentation is most especially tailored to anyone who wants to increase their ability to attract and retain high quality employees, or increase their ability to support interns or mentees.

Course Summary
This course will provide accountants with the knowledge, awareness, and skills to support the career development of the self and others. Career development is an essential skill for any financial professional, but most especially those overseeing the work of new hires and interns. Specific practice considerations are outlined to offer career development to others.

To complete this course participants need to: Answer polling questions to meet NASBA / IRS / State Board of Accountancies requirements for attendance verification.

Upon course completion a course evaluation form is provided for your feedback.

Participants have 1 year from the date of purchase/enrollment to complete this course

CPE Prime is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:  www.nasbaregistry.org

Accounts Payable Best Practices for Finance and Accounting Professionals

In the complex world of finance and accounting, the significance of mastering accounts payable best practices cannot be overstated. As the financial backbone of any organization, the efficient management of accounts payable plays a pivotal role in safeguarding its fiscal health. Sadly, many companies ignore these best practices and the impact is felt on your bottom line.
The accounts payable function is changing at a dizzying pace. Unfortunately, keeping up to speed these days can be like herding cats. While some best practices remain steadfast, others simply no longer work and are being replaced by new practices just now appearing.
The talk will include a discussion of the newest best practice every organization should implement to ensure crooks don't get their hands-on money or sensitive information.

Learning Objectives:
After this session you will be able to:
• Improve your invoice processing;
• Implement effective payment technologies;
• Create effective accounts payable policies;
• Avoid costly master vendor file practices; and
• Deter fraud (both internal and external)

To complete this course participants need to: Answer polling questions to meet NASBA / IRS / State Board of Accountancies requirements for attendance verification.

Upon course completion a course evaluation form is provided for your feedback.

Participants have 1 year from the date of purchase/enrollment to complete this course

CPE Prime is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:  www.nasbaregistry.org

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 addressing them quickly, you can position both yourself and your department to emerge as a true winner.
But what are those trends, you ask? We asked industry thought leader to identify these trends and share insights on how you can prepare for what’s shaping up to be a very interesting, but different, future for those who work in, manage or have responsibility for the accounts payable function.

Learning Objectives:
After this session you will be able to:
• Identify the trends most likely to impact your position and department
• Take full advantage of those tactics most likely to have a positive impact
• Identify the trends most probable to appeal to management and prepare
• Acquire new skills that will make you desirable to both your current and future employers
• Develop strategies to adjust to the expected changes

To complete this course participants need to: Answer polling questions to meet NASBA / IRS / State Board of Accountancies requirements for attendance verification.

Upon course completion a course evaluation form is provided for your feedback.

Participants have 1 year from the date of purchase/enrollment to complete this course

CPE Prime is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:  www.nasbaregistry.org

The issuance of SAS 145 has significantly changed the approach to risk assessment during audit planning, with a greater emphasis on evaluating Information Technology systems. This course provides a detailed overview of the new requirements and explains how IT considerations intersect with audit effectiveness. Participants will gain practical insight into evaluating IT environments, identifying potential weaknesses, and ensuring compliance with updated standards.

In addition to covering technical requirements, the course highlights real-world issues auditors encounter when assessing IT systems, including common challenges, risk factors, and areas demanding heightened professional skepticism. Instructor Jeff Sailor incorporates his well-known video parodies to reinforce concepts, keeping the session engaging and memorable while still focused on strengthening professional practice.

Learning Objectives:
At the end of this course, you will be able to:
• Apply the requirements of SAS 145 to audit planning.
• Perform effective risk assessments of IT systems.
• Identify areas of concern within IT environments that affect audit outcomes.
• Evaluate IT controls for adequacy and reliability.
• Assess how IT risks impact financial reporting processes.
• Distinguish between high-risk and low-risk IT system components.
• Integrate IT risk considerations into overall audit risk assessment.
• Develop appropriate responses to identified IT-related risks.

Major Topics:
• Requirements of SAS 145 regarding IT risk assessment
• IT risk factors in audit planning
• Evaluating the reliability of IT systems and controls
• Common problem areas in IT risk assessment
• Linking IT risks to financial reporting risks
• Professional skepticism in IT environments
• Practical steps for integrating IT risk into audit procedures

To complete this course participants need to: Answer polling questions to meet NASBA / IRS / State Board of Accountancies requirements for attendance verification.

Upon course completion a course evaluation form is provided for your feedback.

Participants have 1 year from the date of purchase/enrollment to complete this course

CPE Prime is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

Our Refund Policy can be found at: https://cpeprime.com/cancellation-and-refund/

The annual global cost of cybercrime is high and getting higher all the time. In fact, cyber criminals reap a windfall from their activities that is estimated to have been $450 billion in 2015 and is anticipated to climb to an annual $ 10.5 trillion average by 2025. In the United States alone, the FBI received reports of 847,376 complaints involving $6.9 billion in 2021. Almost all of that cybercrime began with and continues to start with a social engineering concept known as phishing.

Certain business organizations, among which are those referred to as financial institutions, are charged by the FTC with taking particular steps to protect their customers' financial information. Included in the category of financial institutions are professional tax preparers. Professional tax preparers normally maintain a significant amount of taxpayer information in various files electronic and paper that would be a treasure trove for cybercriminals.

In this course, tax preparers are introduced to the problem of cybercrime and its costs, offered methods that can be expected to reduce the chances of becoming a cybercrime victim, and informed of proper steps to take if they do become victims of cybercrime. Accordingly, it will examine cybercrime and will discuss:

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 and their taxation.

Annuities offer their owners the opportunity to systematically liquidate a principal sum or save money for a long-term objective. For many annuity buyers, that objective is to provide income during retirement. As we will see in our examination of annuities, they provide owners with several advantages; the principal among them is their tax treatment. By purchasing and investing in an annuity, a contract owner can avoid current income taxation of earnings. By avoiding current income taxation, earnings that might have been used to pay current income taxes can be invested to produce additional income.

Auditing and assurance services are important services provided by CPAs. Auditing and Other Assurance Services is a course that will describe auditing and assurance services. This course will identify the different types of audits and the different types of assurance services. This course will define the importance of ethics in the CPA and auditing professions. This course will describe the different organizations that create and enforce ethical guidelines. Finally, this course will describe the importance of independence for auditors.

Description:  This seminar will introduce the process from
filing a tax return to the IRS audit, IRS Appeals, Collections and litigation
at courts of original jurisdiction.  We
will discuss the options taxpayers have at any point in the process with
reference to real-life stories from the trenches. This course is ideal for
CPAs, EAs, or other tax professionals.

Program
Content

· Selection for
Audit

· Audit Process

· Revenue Agents
Report (30 day letter)

· Collections

· Preparer
Penalties

· Statute of
Limitations

Learning
Objectives:
  By
the end of the seminar, the participant will be able to:

1. Describe
the audit process from the initial filing of the return to collections.

2. Determine
the options available to taxpayers at each stage of the audit process.

3. Ascertain
risk factors to consider in determining the best course of action for the
client.

4. Apply
the soft skills needed when interfacing with the IRS audit team to achieve the
best possible result.  

This mini-course describes and compares sole proprietorships, partnerships, limited liability companies, “C” corporations, and “S” corporations. It examines their advantages and disadvantages, permitting the participant to properly select the right business entity for their tax and liability needs.

ASSIGNMENT
At the start of the materials, participants should identify the following topics for study:
* Advantages and disadvantages of sole proprietorships
* Taxes for self-employed individuals
* Definition of partnership
* Partnership tax return & year taxable
* Contributed property, assets & services
* Sales & exchanges of partnership interests
* Limited liability companies
* C corporations & PSC corporations
* Inventories
* S corporations

Learning Objectives
After reading the materials, participants will be able to:
1. Cite the central differences among business entities and the advantages and disadvantages associated with basic business entity types.
2. Recognize the tax attributes of sole proprietorships, partnerships, LLCs, S corporations, and C corporations and how they can be used to enhance tax and financial objectives.
3. Specify the unique (e.g., self-employment) and general taxes applicable to particular entities and the tax forms that may be required.
4. Identify the basic deductions that are permissible for each entity type and the conditions under which they are allowed.
5. Determine the tax years, accounting methods, and valuation methods that each entity type may use, and how the entities can be terminated.
6. Specify for different entity types the basis and the tax effect of sales, exchanges, transfers, contributions, and distributions.

To complete this course participants need to: Read the material provided and answer chapter review questions, successfully complete the qualified assessment with a minimum of 70% accuracy to receive your certificate. In Addition, no correct or incorrect feedback for any exam question will be provided.

Upon course completion A course evaluation form is provided for your feedback.

Participants have 1 year from the date of purchase/enrollment to complete this course

CPE Prime is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:  www.nasbaregistry.org

Our Refund policy can be found at: https://cpeprime.com/cancellation-and-refund/

This course is an overview of basic fringe benefits and examines their mechanics, compensation methods, valuation, withholding, and accounting. Achievement awards, term life insurance, medical reimbursement, meals & lodging, educational assistance, dependent care, employer-provided automobiles, interest-free loans, etc. are identified. Employer and employee economic and tax considerations are recognized. Fringe benefit requirements and limits are specified and ERISA compliance requirements are determined.

Assignment
At the start of the materials, participants should identify the following topics for study:
* Benefit mechanics
* Employee achievement awards
* Group term life insurance
* Self-insured medical reimbursement plans
* Medical insurance
* Meals & lodging
* Cafeteria plans
* Employer-provided automobile
* Adoption assistance program
* Interest-free & below-market loans

Learning Objectives
After reading the materials, participants will be able to:
1. Recognize basic fringe benefit planning by determining “income” under §61, identify the unusual tax-favored compensation advantage of qualified fringe benefits, and determine the fair market value of a fringe benefit under the general valuation rule and the special two-month pour-over accounting rule.
2. Identify the rules for group term life insurance under §79 stating how to implement proper coverage and determine the mechanics of self-insured medical reimbursement plans under §105.
3. Identify the rules for excluding the value of meals and lodging under §119, and “cafeteria plans” and recognize the requirements and limits of employee educational assistance programs and dependent care assistance.
4. Identify “no-additional-cost services” and determine what property or services are excludable from income as qualified employee discounts under §132(c), and specify exceptions to working condition fringes and de minimis fringes.
5. Determine the requirements for qualified transportation fringe benefits under §132(f), specify valuation methods for employer-provided automobiles, and identify the requirements and benefits of adoption assistance programs.
6. Recognize the income inclusion of moving expense reimbursement and below market loans and identify ERISA compliance requirements.

To complete this course participants need to: Read the material provided and answer chapter review questions, successfully complete the qualified assessment with a minimum of 70% accuracy to receive your certificate. In Addition, no correct or incorrect feedback for any exam question will be provided.

Upon course completion A course evaluation form is provided for your feedback.

Participants have 1 year from the date of purchase/enrollment to complete this course

CPE Prime is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:  www.nasbaregistry.org

Our Refund policy can be found at: https://cpeprime.com/cancellation-and-refund/

We are all (including tax practitioners) getting older, and the need for effective retirement planning has never been greater. This course is essential for participants who wish to attain a comfortable retirement for themselves and their clients by maximizing tax-saving strategies. Designed to improve the quality of services to clients and the profitability of engagements, this presentation integrates federal taxation with retirement planning. The emphasis is on practical simplicity in dealing with the self-employed and highly compensated individual. Distribution options from IRAs and other retirement plans are explored.

Assignment
At the start of the materials, participants should identify the following topics for study:
* Qualified deferred compensation
* Basic requirements of a qualified pension plan
* Basic types of corporate plans
* Types of defined contribution plans
* Self-employed plans - Keogh
* Distribution & settlement options of IRAs
* Tax-free rollovers for IRAs
* Roth IRAs
* Simplified employee pension plans (SEPs)
* SIMPLE plans

Learning Objectives
After reading the materials, participants will be able to:
1. Determined the differences between qualified and nonqualified deferred compensation plans identifying the tax advantages and disadvantages of each, specify the requirements of a qualified pension plan, and recognize how the basic ERISA provisions define the elements of qualified plans.
2. Identify the types of defined contribution and defined benefit plans and their effect on retirement benefits.
3. Recognize the elements of Roth IRAs and traditional IRAs by specifying how distributions work, how to set up the various IRAs, utilize tax-free rollovers, designate beneficiaries, and make distributions to beneficiaries, cite contribution limits for various IRAs, and determine how to recharacterize Roth IRA contributions.

To complete this course participants need to: Read the material provided and answer chapter review questions, successfully complete the qualified assessment with a minimum of 70% accuracy to receive your certificate. In Addition, no correct or incorrect feedback for any exam question will be provided.

Upon course completion A course evaluation form is provided for your feedback.

Participants have 1 year from the date of purchase/enrollment to complete this course

CPE Prime is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:  www.nasbaregistry.org

Our Refund policy can be found at: https://cpeprime.com/cancellation-and-refund/

In this presentation, author and Excel expert David H. Ringstrom, CPA, will guide attendees through essential techniques to streamline and enhance their Excel experience. David begins by showing how to use the F4 key to toggle between absolute and relative references, making formula adjustments quick and efficient. He’ll delve into assigning names to key input cells and demonstrate the “Create Names from Selection” feature to simplify referencing ranges. Next, David will cover the LET and UNIQUE functions, exclusive to Excel 2021 and later, to help participants make dynamic calculations and quickly filter unique values. He’ll also explore creating Excel tables, navigating with the Name Box and Go To Special, converting tables back to normal ranges, and working with SUMIF in conjunction with the spilled range operator. Additionally, David will address common pitfalls like the #SPILL! error, ensuring participants leave with practical knowledge to tackle Excel challenges confidently. Join us to elevate your Excel skills and streamline your workflow!

Topics typically covered:
• Simplifying formula writing by way of table and field names, which eliminates the need to activate other worksheets.
• Saving time writing formulas by choosing named ranges with the Use In Formula command.
• Assigning names to cells to streamline formulas and bookmark key inputs within a workbook.
• Creating bookmarks and nicknames for key inputs by way of the Create Names from Selection feature.
• Crafting self-resizing formulas with  the new Spilled Range Operator in in Excel 2021 and Microsoft 365.
• Removing duplicates from a list with the new UNIQUE function.
• Troubleshooting the #SPILL! error that can arise in certain circumstances regarding dynamic array formulas in Excel 2021 and Microsoft 365.
• Comparing relative, mixed, absolute, named, structured, and spilled range cell references.

Our Refund Policy can be found at: https://cpeprime.com/cancellation-and-refund/

The Generally Accepted Governmental Auditing Standards, also known as the Yellow Book (2024 Version), provides a comprehensive framework for conducting governmental audits with a focus on high quality, integrity, competence, independence, and objectivity. The Yellow Book is used by auditors of government organizations, entities that receive government awards, and any other audit organization performing Yellow Book audits. The Yellow Book outlines all requirements for governmental audit reports, professional qualifications for auditors, and audit organization quality control.

This course will describe when the Yellow Book standards must be applied. This course will identify the types of auditors and audit organizations that may employ GAGAS to conduct their work. This course will identify the categories of requirements that GAGAS uses to describe the degree of responsibility imposed on auditors and audit organizations. Finally, this course will identify the ethical principles that guide the work of auditors who conduct engagements in accordance with GAGAS.

To complete this course participants need to: Read the material provided and answer chapter review questions, successfully complete the qualified assessment with a minimum of 70% accuracy to receive your certificate.

Upon course completion A course evaluation form is provided for your feedback.

Participants have 1 year from the date of purchase/enrollment to complete this course

Our Refund policy can be found at: https://cpeprime.com/cancellation-and-refund/

This course provides a comprehensive overview of the ethical standards and principles governing tax practice, as outlined in IRS Circular 230.  Participants will explore the importance of ethics in the tax preparation industry, review IRS rules, and examine common ethical violations and their associated penalties.  The course emphasizes procedures that promote compliance with ethical guidelines, equipping tax practitioners to navigate complex ethical dilemmas confidently. Real-world scenarios will be used to demonstrate the application of ethical principles in tax preparation and representation.

Learning Objectives
• Explain the role of ethics in the tax preparation industry
• Understand IRS rules and regulations as outlined in Circular 230
• Identify common ethical violations and the associated penalties
• Discuss procedures that encourage compliance with ethical guidelines
• Apply ethical principles to real-life tax situations
• Summarize relevant provisions of Circular 230 applicable to tax return preparation and IRS representation
• Evaluate the impact of ethical behavior on professional reputation and compliance
• Develop strategies to prevent and address ethical violations in tax practice

To complete this course participants need to: Answer polling questions to meet NASBA / IRS / State Board of Accountancies requirements for attendance verification.

Upon course completion a course evaluation form is provided for your feedback.

Participants have 1 year from the date of purchase/enrollment to complete this course

Our Refund Policy can be found at: https://cpeprime.com/cancellation-and-refund/

This course offers an overview of Hedge fund structures, and Income allocation to Fund’s Investors, and Hedge fund Fees. We will touch upon basic concepts of type of funds, investors, share classes, capital activities, fees structures and step by step approach to process Economic Distribution of Income. We will then discuss some nuanced concepts of Investors Income allocation and fees structures

Each year the U.S. Census Bureau publishes what it refers to as nonemployer statistics that may provide information about the increased importance of the business use of taxpayers' homes. A nonemployer, for purposes of the statistics, is defined as a business that has no paid employees, has annual business receipts of at least $1,000, and is subject to federal income taxes. These nonemployers may be organized as corporations, partnerships, or sole proprietorships. Because they have no paid employees, nonemployers are more likely than others to operate their businesses from their homes and seek a home office tax deduction.

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