CPE Catalog & Events
Crucial Real Estate Tax Strategies
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Webinar
8.00 Credits
Member Price: $325
Apportionment of purchase price. Bonus depreciation, section 179 and de minimis expensing for real estate. Financing considerations, including whether clients should make the real property election out of section 163(j). Partial disposition losses. Deducting removal costs. Depreciating property acquired in a like-kind exchange. Converting nondeductible interest expense into deductible interest expense.. Section 199A for rental real estate. Revenue Procedure 2019-38 "safe harbor" for rental real estate. Aggregating rental properties.
Save Your Practice: Due Diligence Requirements and Form 8867
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Webinar
1.00 Credits
Member Price: $60
What strategies are available to comply with the due diligence requirements? Documentation requirements. Credits covered by the due diligence requirements.
Mastering the Basics of Inventory Accounting
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Webinar
4.00 Credits
Member Price: $175
Elements of inventory cost and full-absorption costing, Valuation methodologies, including LIFO, FIFO, weighted average, and specific identification, Obsolescence reserves, LIFO accounting, Differences between book and tax cost capitalization and related income tax accounting, Retail inventory valuation methodology, Physical inventory observation approaches, Accounting issues related to consigned inventory, Other challenging issues related to inventory accounting
New Issues in Qualified Plans and IRAs
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Webinar
3.00 Credits
Member Price: $100
Legislative Updates, Plan Design Considerations: Learn about innovative plan design strategies to enhance participant engagement, optimize tax advantages, and address evolving workforce demographics. Distribution Planning: Discover effective distribution strategies for retirement accounts, including required minimum distributions (RMDs), rollovers, and Roth conversions, with a focus on maximizing tax efficiency and meeting clients' income needs. Compliance and Reporting: Gain insights into the latest compliance requirements and reporting obligations for qualified plans and IRAs, including Form 5500 filings, participant disclosures, and IRS correction programs. Legal and Regulatory Landscape: Stay updated on recent court cases, regulatory guidance, and proposed legislation that impact qualified plans and IRAs, and understand their implications for retirement planning. Emerging Trends and Strategies: Explore emerging trends in retirement planning, such as Health Savings Accounts (HSAs), self-directed IRAs, and alternative investments, and discuss their potential benefits and risks.
Navigating Your Client Through the IRS Appeals Process
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Webinar
4.00 Credits
Member Price: $175
Preparing a valid Appeals Protest for small case requests when tax, penalties, and interest for each period are $25,000 or less, Writing and filing a Formal Protest, including required information, Alternative Dispute Resolution options available to clients Negotiation and time limitations, Preparing and submitting a Tax Court petition to preserve a client's rights
Social Security and Medicare: Planning for You and Your Clients
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Webinar
8.00 Credits
Member Price: $280
Legislative developments, A full chapter devoted to determining the best planning options for maximizing joint Social Security benefits, Retirement benefits: Amount of benefits in various circumstances; how the amounts are distributed within the family unit Qualification: Has the client retired? How business entities may be used for Social Security advantage, Income taxation of Social Security: avoidance tactics, Spousal benefits: Should a spouse return to work? What benefits does a spouse have and when and how do they relate to benefits decisions by the client? When can hiring the spouse increase overall benefits? Why should both spouses qualify for survivor benefits? Disability benefits, When to start Social Security benefits: Advantages and disadvantages at ages 62, full retirement age, and 70, Coordinating benefits: Should you take Social Security first and higher-balance IRA distributions later, or take IRA balances first and enhanced Social Security benefits later? Pensions: Distribution strategies; how to use the minimum distribution rules in concert with Social Security benefits, IRAs: Is it time to convert to a Roth? Medicare, Part D prescription drugs: what retirees need to know, Looking forward: Are changes ahead?
Tax Planning Based on Form 1040
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Webinar
8.00 Credits
Member Price: $280
Deciphering the intricacies of health care regulations. Maximizing the potential of Health Savings Accounts (HSAs). Navigating the intricacies of the Alternative Minimum Tax and developing tailored strategies. Unveiling the nuanced deployment of Roth IRAs. Grasping the pivotal role of Adjusted Gross Income (AGI) in effective tax planning. Exploring innovative techniques and strategies utilizing Section 529 plans. Designing tax-effective solutions for small business proprietors. Crafting strategies for comprehensive retirement planning. Strategically shifting income to children, reevaluating existing strategies. Seamlessly integrating strategic estate planning with income tax optimization.
A Practical Guide to Trusts: Maximizing Financial, Estate, and Asset Protection Strategies
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Webinar
8.00 Credits
Member Price: $270
Understanding the trustee's role and effective problem avoidance strategies. Utilizing trusts to bypass probate and streamline the wealth transfer process. Analyzing the impact of income, gift, and estate taxes on revocable living trusts. Leveraging marital deductions and marital and bypass trusts for optimal estate planning. Harnessing the potential of irrevocable trusts as the cornerstone of an estate plan. Exploring the advantages of irrevocable life insurance trusts. Creating and managing dynasty trusts for long-term wealth preservation. Evaluating the benefits of GRITs, GRATs, GRUTs, and QPRTs as powerful estate planning tools. Trust options to ensure financial security for elderly clients. Understanding the tax consequences, limitations, and advantages of charitable contributions and private foundations. Navigating charitable remainder and charitable lead trust considerations. Utilizing trusts as asset protection devices. Addressing trust-related issues within business structures
Postmortem Estate Planning: Navigating Decedent's Estate Issues
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Webinar
8.00 Credits
Member Price: $270
Understanding the intricacies of alternative valuation date and its implications. Gaining insights into the considerations surrounding portability. Identifying opportunities and requirements for installment payments of estate taxes. Exploring the strategic use of QTIP elections under IRC Schedule 2056(b)(7). Recognizing the benefits and implementation of qualified disclaimers. Understanding the complexities of basis issues in postmortem planning. Addressing issues related to the payment of estimated taxes. Navigating the requirements and considerations for the decedent's final income tax return. Managing medical expenses in the context of postmortem estate planning. Exploring strategies to optimize savings bond interest acceleration. Understanding the implications and process of estate fiscal year and accounting method elections. Maximizing benefits to beneficiaries by distributing administrative expenses efficiently. Exploring the utility and requirements of the sixty-five-day rule election. Understanding income and deductions in respect of the decedent (IRD) and its implications. Navigating planning considerations pertaining to qualified plans and IRAs
IRAs: What You Need to Know about Contributions, Conversions and Distributions
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Webinar
2.00 Credits
Member Price: $105
Determine clients who are well suited for conversion from traditional to Roth IRA's. When should clients recharacterize IRA contributions? What special traps are present in the IRA area? How to receive a waiver for clients who failed to take the proper required minimum distributions (updated for the SECURE Act 2.0). Requirement minimum distributions from inherited IRAs (updated for SECURE Act 2.0 and also 2023 IRS guidance).
Income Tax Accounting
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Webinar
8.00 Credits
Member Price: $270
Permanent and timing differences, Income tax expense, Effective tax rate, Current income tax liability, Deferred income tax assets and liabilities, Uncertain tax positions, Tax benefits for carryforwards, Reporting and disclosure under ASC 740.
Guide to the Corporate Transparency Act for Accounting and Finance Professionals
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Webinar
2.00 Credits
Member Price: $105
The Corporate Transparency Act and its goals, Which entities need to file reports and which entities are exempt? Who is a beneficial owner and what is substantial control? Information that needs to be reported, How to get your firm and your clients ready for the requirements
Guide to Partner Capital Account Reporting
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Webinar
2.00 Credits
Member Price: $105
How a partner's outside basis and capital account differ, Reconciling Schedule M-2 Form 1065 with Partnership K-1 Schedule L, IRS requirement to report partner tax basis on the transactional approach, Implications if a capital account is negative, Deficit restoration accounts and qualified income offsets, Modified outside basis method and modified previously taxed capital method, Determining a partner's beginning capital account, Beginning capital account for partnerships and partners consistently reporting on the tax basis
Surgent's Comprehensive Guide to Tax Depreciation, Expensing, and Property Transactions
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Webinar
8.00 Credits
Member Price: $280
Final regulations - bonus depreciation and Schedule 1031 exchanges, Technical correction Rev. Proc. 2019-13 - use it or stand to lose second-year depreciation deductions for luxury automobiles, What are the components for real estate depreciation? A new SUV or sedan? A study of depreciation alternatives, Permanency in Schedule 179 depreciation rules? How to maximize its use; when to use it; and what property qualifies, Sale of property and the depreciation recapture rules (Schedules 1245, 1250, unrecaptured Schedule 1250 gain for real estate, Schedule 291 for corporations), How to depreciate like-kind exchange property, May Schedule 121 and Schedule 1031 apply to the same transfer of property? Reacquired installment sale property - calculating potential gain and new basis Understanding Schedule 197 amortization issues; how to handle intangible asset costs, Depreciation issues, tax-deferred exchanges, personal property converted to business property, and an overview of home sale exclusion, Guide for compliance and planning issues, Cases and rulings of depreciation and amortization issues and how they impact clients, along with the useful planning opportunities
Employer's Handbook: Health Care, Retirement, and Fringe Benefit Tax Issues
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Webinar
4.00 Credits
Member Price: $175
ERISA compliance: employee welfare plans and qualified plans, Fringe benefit issues: COBRA, Family and Medical Leave Act, and new developments in health care, Health care plans: HRAs, HSAs, and other employer-sponsored plans, Qualified plan requirements: eligibility, coverage, and vesting
IRS Audit and Appeals Process: Protecting Your Clients
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Webinar
2.00 Credits
Member Price: $105
Establishing rapport with the auditor. IRS audit statistics, appeals statistics, and other statistics. Preparing for the audit. Preparing for an appeal. Questions to ask the auditor. Getting copies of the auditor's workpaper file.
CFO - Chief Reviewer
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Webinar
8.00 Credits
Member Price: $280
Aren't We All Auditors? All the Time, Audits involve testing, review, examination, and verification. However, on another level - you and I audit; procedures, reports at work, who fulfilled commitments, systems, other people's driving skills, deliveries, etc. We all audit everything all the time, and that is wonderful. Auditing skills are valuable and necessary for our professional success and personal happiness. Every professional will audit what they encounter, including us. We will illustrate how continuous auditing skills are valuable, all the time. Whether you are an auditor, or not, our role as a business leader IS to audit continuously! Better leaders have these skills. Topics Discussed. The need to think before we react. Look and listen effectively! Evaluate using multiple different criteria. Communicate. Problem solving, not just problem identification. Demonstrate empathy. Think critically, and not be critical. Recommend. Being skeptical without being cynical. Unconventional keys to success. The never-ending need to audit continuously, Audits Begin with The Right Questions: Listen! Technology has boundless memory and can store all the answers, unlike humans. Regardless, technology and AI cannot discern the right questions to ask. Asking the right questions separates successful professionals from mediocre professionals. This session will take a big-picture approach and redefine auditing in a broader perspective which will deepen your skills, perspective, and know-how. The truth is that all professionals are auditors. We will illustrate three types of audits and dive into the most fundamental aspects of our daily work-lives that need constant attention, not seasonal treatments. We will show how to become a better listener and to ask better questions! Topics Discussed. The need to ask the `right' questions. A core principle of audits not taught in the "textbook". A new type of audit that will simplify your life. Four auditing skills to take you from being a good auditor to being an amazing auditor. The most important element of auditing is listening. Action steps to become a great listener, What We Can Do to Minimize Taxes: Without Danger. When stepping into a leadership role you may not have been exposed to all the various tax issues. We will take a thirty-thousand-foot view into corporate income taxes and some other taxes. The focus is to potentially lower taxes. We will explore what and how to communicate with your external accounting firm. What is the value of proper fixed asset schedules and their crucial role? Depreciation, qualified business income, and the employee retention credit will be reviewed. Keep a schedule, be prepared, because at the end of day - you will be held accountable and responsible for missed dates, missed opportunities, and also may be given credit for taxes saved. Be prepared and aware of tax savings alternatives. Topics Discussed. Tax reduction strategies. History of taxation in the USA. Understand your tax environment. Entity and associated forms. Taxes; corporate, state, property, and sales taxes. Tax planning concerns. Depreciation and fixed asset schedules. How to recognize and ward off tax schemes, Successful System Implementations: Planning! System changes are common, so why does seemingly every new system update or installation have multiple, new problems? We will review the causes and effects, including a short-term outlook. We will focus on the best practices of successful organizations, specifically the one key task for success - proper planning. What are the steps to take? Which functions need to be involved? How to reduce risk? These actions can be applied to small system changes, system upgrades, or large ERP systems. Do not make the same mistake over and over - learn from others who have paid the hefty price. Topics Discussed. Consequences of failure to plan. Why do shortcuts cause even more issues? We must learn from our previous mistakes. No two installations are the same! A team effort, with the right people, is required! Tests and testing are mandatory. Why cheap costs more. How should accounting communicate? Managing the organization to enable better system implementations.
How to Settle a Client's Estate
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Webinar
8.00 Credits
Member Price: $280
Issues involved when settling an estate - marshaling of assets, payment of creditors, & distribution and accounting to beneficiaries, Explaining the needs and limitations of durable powers of attorney, health care directives, and living wills, Why a will is probated, and on what grounds it may be challenged, Comprehensive checklists on how to read a will, duties of an executor and trustee, and much more, Identification and report of estate assets, What to do and what not to do as a fiduciary, executor, or trustee - duty of care, investment, informing, payment of debts and taxes, & defending a will contest, How executors and trustees interact with beneficiaries Elective shares, and when a spouse might make that choice, What a trustee needs to know about incompetents and minors Rights of creditors, third parties, and beneficiaries, Key issues in transferring property to a trust and from a trust or estate to a beneficiary, Identifying income, estate, and inheritance taxes, Fiduciary accounting - principal and income concepts, An introduction to drafting an account, and why it is relevant, Administration of revocable trusts Estate basis reporting
Mastering Charitable Remainder Trusts and Form 5227 Compliance
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Webinar
2.00 Credits
Member Price: $105
Introduction to Charitable Remainder Trusts (CRTs). Types of CRTs and their Benefits. Formation and Funding of CRTs. Identifying Suitable Candidates for CRTs. Understanding Form 5227: An Overview. Line-by-Line Breakdown of Form 5227. Reporting Trust Assets and Income. Distributions and Charitable Beneficiaries. Compliance Updates and Recent Changes to Form 5227. Best Practices for Accurate Completion and Filing
Guide to Payroll Taxes and 1099 Issues
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Webinar
4.00 Credits
Member Price: $175
Statutory employees, independent contractors, and possible changes to Schedule 530 relief, Using SS-8, Payroll Tax Penalties -- Who is a responsible person? Forms W-2, 1099, 1099-NEC, SS-8, W-4, 941, and Form 940 reporting/deposit requirements and due dates Understanding payroll tax responsibilities in the gig economy