Bundles

This mini-course examines key individual, business, retirement, and estate tax provisions recently enacted or indexed for inflation in an overview format that is easy to reference. The emphasis is on quick access to major tax changes having special meaning to the tax practitioner and return preparer. The course is a great resource and a way for professionals and staff alike to easily get the “big chunks” and bring their professional knowledge up to speed.As a result of studying the assigned materials, you should be able to meet the objectives listed below.ASSIGNMENTAt the start of the materials, participants should identify the following topics for study:* Tax brackets* Tax credits* Deductions* Education credits* Business deductions & credits* Retirement plan contribution and phaseout limitsLearning ObjectivesAfter reading the materials, participants will be able to:1. Recognize the various issues affected by inflation and recent tax law developments especially as they relate to individual tax brackets, exemptions & deductions, the AMT, the child tax credit, alimony,  HSAs,  education plans, and energy credits.2. Determine the key business tax issues affected by inflation adjustments and recent legislative changes, including corporate tax rates, entertainment expenses, tax credits & deductions, bonus depreciation, expensing, standard mileage rates, employment taxation, low-income housing tax credit, §1031 exchange property, partnership taxation, insurance deductions, excessive compensation, and investment income.3. Specify differences between various retirement plans, including inflation-adjusted contribution limits and phaseout limits, and determine estate taxes by identifying trust income tax rates and determining applicable exclusion amounts.After studying the materials, answer exam questions 1 to 30.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 courseCPE 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.orgOur Refund policy can be found at: https://cpeprime.com/cancellation-and-refund/

The new pass-through LB&I field operations unit will boost audits of pass-through entities, including partnerships, S-corporations and trusts. The IRS also established the new IRS associate office focused on partnerships, S- corporations, trusts and estates. A recent GAO study recommended strengthening audit processes for large partnerships.While the number of large partnerships increased almost 600% from 2002 to 2019, only 54 of the 20,000 large partnership returns filed in 2019 were audited, for a 0.3% audit rate. Decreased from 1.4% in 2007. The IRS has announced that it will be auditing a larger percentage of partnership returns in the future. The IRS will also be challenging certain partnership related-party transactions under the codified economic substance doctrine in § 7701(o).During this course through case law / case study will discuss IRS Procedure, Conservation Easements, Other Partnership Issues, S Corporations, Economic Substance, Tax Equity and Fiscal Responsibility Act (TEFRA), Profits Interest VS. Capital Interest, and SEC. 754.Learning Objectives1. Become familiar with recent court cases and Treasury publications affecting individuals and business entities.2. Acquire a working knowledge of recent changes to IRS procedure.3. Become conversant of recently issued tax court opinions and their implications to taxpayers.4. Know the status of upcoming tax legislation and how it might affect clients.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 courseCPE 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

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 executives, directors, managers and staff, CPAs,  Enrolled Agents, accountants, attorneys and business/financial advisors who work with and advise individuals or businesses that use or invest in cryptocurrency.  All in-house and public practice professionals involved with tax compliance and planning will benefit from this timely and insightful seminar.Program Content:· Blockchain basics· Classification of cryptocurrency· IRS Notice 2014-12· Tax implications of airdrops, mining, hard forks, margin trading, purchasing of goods or services with cryptocurrency.· Gift tax rules for donating, gifting or bequeathing cryptocurrency.· Traps for the unwary.Learning objectives:  By the end of the course, the participant should be able to:1. Discuss what constitutes blockchain and the various types of cryptocurrency it supports.2. Determine whether a cryptocurrency transaction creates a taxable event.3. Be able to identify the IRS forms needed to report cryptocurrency transactions.4. Develop a working knowledge of possible reports due to other regulatory agencies.5. Discuss the traps that cryptocurrency traders can encounter which could unexpectedly increase the trader’s tax liability.6. Become knowledgeable of current enforcement actions employed by the IRS.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 courseCPE 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.orgOur Refund policy can be found at: https://cpeprime.com/cancellation-and-refund/

This course equips tax professionals with the knowledge and strategies needed to handle the most common IRS letters, including general notices, audit requests, collections, return inquiries, and error notices. Participants will learn how to interpret IRS correspondence, adhere to response deadlines, and effectively communicate with the IRS to resolve issues and minimize risks. The session also highlights best practices for ensuring compliance and avoiding penalties or escalation, empowering attendees to navigate IRS correspondence with confidence.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 courseCPE 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.orgOur Refund policy can be found at: https://cpeprime.com/cancellation-and-refund/

Each year, various limits impacting income tax return preparation and tax planning are affected by inflation-related changes. In addition, various new tax laws may be passed. This course will examine many of those changes.The Annual Federal Tax Refresher course is designed to meet the requirements of the IRS voluntary Annual Filing Season program. It discusses new tax law and recent updates for the upcoming filing season, provides a general tax review, and examines important rules governing tax return preparer ethics, practices and procedures.In organizing this course, the term "domain" is used in place of the more common "chapter" to more closely follow the language of the IRS Annual Federal Tax Refresher course outline.

Special Note: This course is intended for Other Tax Return Preparers (OTRP’s) only!!

No credit will be accepted by the IRS for CPA’s and Enrolled Agents as this course is considered below their basic education level and thereby will not be reported to the IRS.

For more information about the Annual Filing Season Program please Visit https://www.irs.gov/tax-professionals/general-requirements-for-the-annual-filing-season-program-record-of-completion

To complete this course participants need to: Complete the Exam with a passing grade of 70% or higher. You have 3 hours to complete the exam and 2 attempts. This course must be completed by midnight 31 December 2025.

Upon course completion a course evaluation form is provided for your feedback.Our refund policy can be found at: https://cpeprime.com/cancellation-and-refund/

This course will identify the vulnerabilities and define safeguards for computers, networks, networking components, software applications, and mobile devices. This course will describe the threats that can compromise the computers and company data such as viruses, trojans and phishing. This course will describe some simple steps that users can take to properly protect themselves from any threats that penetrate the network and protect confidential company data. Finally, this course will discuss how to create a data security plan and an information security risk management plan along with some recommendations and best-practices for keeping networks safe.

Strong internal controls are key to any effective accounts payable function. Without such controls, fraud is easier to commit, duplicate payments increase and the function is not cost-effective. This course presents information the professional can use to identify control problems and implement strong controls. Industry expert Mary Schaeffer shows auditors, controllers, and managers where control issues are likely to occur, how to strengthen controls, and best practices for a control effective accounts payable function.

The auditor uses four phases to meet the overall objective of the audit, which is to express an opinion on the fairness with which the financial statements present fairly. Every audit requires planning, which occurs during the first of the four audit phases. Audit planning is a course that will review the audit planning process. This course will discuss the important of evaluating materiality and risk, which will impact the auditor's planned audit evidence. This course will describe how to develop a preliminary judgment about materiality and consider the most appropriate risks for each engagement. This course will review the eight steps involved in creating the audit plan.