CPE Catalog & Events
A Comprehensive Guide to Optimizing Retirement Planning: Maximizing Your Clients' Financial Future
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Webinar
8.00 Credits
Member Price: $270
Exploring the nuances of Regular IRAs. Unleashing the potential of Roth IRAs. Unlocking the benefits of Coverdell Education Savings Accounts. Mastering the complexities of SIMPLE IRAs. Strategies for optimizing SEPs. Essential concepts and components of qualified plans. Diving deep into defined benefit pension plans. Navigating the landscape of defined contribution plans. Unveiling the potential of 401(k) plans, including Roth 401(k)s. Customizing retirement plans to meet each client's needs. Understanding the intricacies of minimum distribution rules
Surgent's Annual Tax-Planning Guide for S Corporations, Partnerships, and LLCs
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Webinar
8.00 Credits
Member Price: $280
Update on latest cases, rulings, and regulations including the final regs, Legislative update on retirement plan changes of the SECURE Act 2.0, How to handle liabilities of LLCs, Planning opportunities and pitfalls in determining basis and amounts at risk -- recourse and nonrecourse debt issues for LLCs, and much more, Section 199A pass-through deduction planning, Partnership planning -- Structuring partnership distributions and transfers of interests, Optional basis adjustments -- Schedules 754 and 732(d), Planning for the utilization of Schedule 179 and for the scheduled phase out of bonus depreciation beginning in 2023, Basis, distribution, redemption, and liquidation issues of S corporations, Compensation in S corporations, Sale of a partnership -- the best planning concepts What you need to know about family pass-throughs -- Estate planning, family income splitting, and compensation planning, Partnership and LLC allocations, A brief look at possible future changes to the taxation of pass-through entities
Preparing Individual Tax Returns for New Staff and Paraprofessionals
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Webinar
8.00 Credits
Member Price: $280
New and expanded energy credits under the Inflation Reduction Act (IRA), Preparation of various Form 1040 individual tax returns and schedules; provided answers include "filled-in" forms, Coverage of Form 7203, Coverage of Schedule 199A qualified business income, its calculation, limitations, and examples, Dividends and interest - Ordinary, return of capital, and capital gain distribution dividends; tax-exempt interest, original issue discount, etc., Security transactions - From Form 1099-B to Form 8949 to Schedule D, plus mutual fund sales and related basis issues, Self-employed person issues, Schedule C deductions including depreciation, Sale and exchange of property - Understanding Form 4797 and depreciation recapture; capital gains, A working understanding of passive losses - How to handle rental property and how the passive loss rules flow to the tax forms, Itemized deductions - A thorough understanding of what's deductible and what's not, Interest deductions - Limitations and timing problems, Charitable contributions substituting for taxes, IRS says - No! Retirement contributions and education credits and deductions, Tax computations - The Kiddie Tax, AMT, regular tax, tax credits, Individual problems illustrated by form preparation for various items, with numerous "practice tips", Impact of recent legislation and forms changes on the 1040
K2’s Small Business Accounting Shootout
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Webinar
4.00 Credits
Member Price: $180
• Understanding the small business accounting landscape• Learn how solutions from leading providers can potentially solve your small business accounting and reporting issues• Create investment estimates for acquiring and implementing a new small business accounting solution
Hot IRS Tax Examination Issues for Individuals and Businesses
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Webinar
8.00 Credits
Member Price: $280
Prepare now and protect yourself from new audit examinations, and what to do when there is identity theft, Understanding substantiation requirements for travel, charitable contributions, vehicles, meals, and virtual currency considerations, Gain an in-depth understanding of IRS hot examination issues including passive loss rules, real estate professional status, and the Section 199A provisions as they pertain to rental real estate, Identify how the IRS holds persons other than an employer liable for unpaid payroll taxes, a.k.a., the trust fund recovery penalty, Understanding IRS Audit Techniques Guides and Compliance Campaigns, Recognizing the 30-day letter and the 90-day letter, including what the taxpayer's responsibilities are
Individual Income and Tax Compliance Annual Update
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Webinar
4.00 Credits
Member Price: $174
IRS administrative issues, compliance, and new forms, U.S. Tax Court cases, Legislative updates.
Fiduciary Income Tax Returns - Form 1041 Workshop with Filled-in Forms
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Webinar
8.00 Credits
Member Price: $280
Classifying receipts between "income" and "corpus" under the Uniform Principal and Income Act, Calculation of DNI utilizing three different methods, a "forms" method (Schedule B), a "code" method, and a "shortcut" method, utilizing a worksheet of common income and expenses, Proper W-2 preparation and procedures in the year of death, Taxpayer passes before taking a required minimum distribution; what must be done? Forgetful fiduciaries of simple trusts, Fluctuating trusts - Simple one year, complex the next Dividing income in the year of death, Overview of Subchapter J, Form preparation issues - Filing requirements and line-by-line explanations of Form 1041, Taxable income of estates and trusts and expense allocation issues, Specific deductions and miscellaneous itemized deductions, Income in respect of a decedent, The income distribution deduction calculation, Relation of principal and income law to DNI, Understanding how to handle capital gains and losses, Allocating tax items to beneficiaries: another K-1, Other considerations: excess deductions on termination, Comprehensive DNI case study, with principal (cost and FMV) and income reconciliation, Comprehensive trust and estate case studies, with filled-in forms
This Year's Best Income Tax, Estate Tax, and Financial-Planning Ideas
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Webinar
8.00 Credits
Member Price: $280
Timely coverage of breaking tax legislation, including the SECURE 2.0 Act and Inflation Reduction Act provisions applicable to individuals, Changes to the lifetime estate tax exemption in light of proposed regulations, Considerations when selling a principal residence, Tax benefits of HSAs, An overview of the mechanics and practical considerations of Donor Advised Funds, Virtual currency, including new Notices 2023-34 and 2023-27, The best new income tax and estate-planning ideas, The changing Social Security landscape: long-term solvency issues and what it means for retirement planning, Creative charitable giving strategies Financial planning strategies, Maximizing retirement plan benefits, Using intentionally defective grantor trusts, Miscellaneous tax-planning techniques that can add up to significant tax savings, How to use the whole family for tax savings, Life insurance, Up-to-the-minute ideas reflecting new tax law changes in cases, regulations, and rulings
Pass-through and Corporate Annual Tax Update
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Webinar
4.00 Credits
Member Price: $174
Common errors made involving the following tax forms: Strategies for tax savings, Business entity changes, IRS administrative issues, compliance, and new forms, Court cases settled in the last year that provide tax return guidance, Position authority, IRS rulings, procedures, and notices for the last year, New, updated, and expiring tax deductions and credits.
Cybersecurity Issues for the Professional
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Webinar
2.00 Credits
Member Price: $105
Defining Cybersecurity and Cyber Risks. Implications of Cybercrime. Cyber Attack Trends. Landscape of Cyberattacks. Laws and Regulations. Security Standards and Frameworks. Cybersecurity Roadmap
Maximizing Fringe Benefits: Strategies for Business and Personal Needs in 2024 and Beyond
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Webinar
8.00 Credits
Member Price: $270
Overview of the fringe benefit planning process. Understanding the needs of business owners and employees. Options available under IRC Schedule 132 fringe benefit plans. Cafeteria plans: when to use them. Tax rules governing timing of income and deductions in cash compensation planning. Tax implications of dependent care and educational assistance plans. Flexible spending account plans: design and implementation. Design features of group term life insurance plans. Medical savings accounts: regulations and usage. Various options for financing retiree medical benefits. Comparison of health care benefits under an insured plan versus an HMO. In-depth overview of major ERISA reporting and disclosure requirements. Understanding IRC common control rules. Overview of age and sex discrimination rules.
Tax, Estate and Financial Aspects of Cryptocurrency
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Webinar
4.00 Credits
Member Price: $185
Introduction to cryptocurrency, Understanding the term "blockchain", Various types of cryptocurrencies, Why cryptocurrency is popular, Investment attributes of cryptocurrency, Tax aspects of cryptocurrency, Position of the Internal Revenue Service, Understanding Notice 2014-21 (IRS Virtual Currency Guidance), Understanding Notice 2014-21 FAQs, Compliance issues, Charitable issues, Internal Revenue Service enforcement
Federal Tax Update - Individual and Business Current Developments with Pat Garverick WEBCAST
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Webinar
8.00 Credits
Member Price: $325
This fast-paced session is a comprehensive review of newly enacted income tax legislation, issuance of income tax regulations, court cases, IRS notices, revenue procedures and private letter rulings affecting individuals and businesses. Each participant will receive a comprehensive manual with the hottest tax topics including, Pat Garverick's Quick Reference Chart. Topics include but are not limited to: Discuss the most recent individual and business income tax legislation passed to date, Walk through major tax changes to corporations, partnerships and/or individuals and any changes to the income tax forms and other related schedules, Review numerous business income tax provisions including but not limited to the 20% qualified business income (QBI) deduction; changes to NOLs, Schedule 461(l) business loss limitations, accounting method changes, depreciation, retirement plans, fringe benefits and entertainment expenses, Brush up on the individual and business income tax rates (e.g., income tax rates, capital gain tax rates, self-employment tax and alternative minimum tax (AMT), 3.8% net investment income tax), Discuss other individual income tax topics and changes to filing status, personal exemptions, itemized deductions, exclusions from income, adjustments to income and income tax credits (e.g., child tax credit and dependent care credit), Walk through the NEW final required minimum distribution (RMD) regulations, Review other important IRS audit areas such as basis and at-risk limitations for S shareholders and partners, passive activity losses and real estate professionals and self-employment taxes
The Best S Corporation, Limited Liability, and Partnership Update Course by Surgent
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Webinar
8.00 Credits
Member Price: $280
Comprehensive coverage of the Inflation Reduction Act, including: The Corporate Alternative Minimum Tax, The Clean Vehicle Credit, Credit for Previously Owned Clean Vehicles, and Credit for Qualified Commercial Clean Vehicles, Comprehensive coverage of the SECURE 2.0 Act with a focus on provisions applicable to employers, Retirements and redemptions: considerations for partnerships and S corporations, Timely coverage of breaking tax legislation, Schedules K-2 and K-3 reporting requirements, including the 2022 domestic filing exception and Form 1116 exemption, Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations, with examples of how to calculate stock basis, Overview of the economics and tax consequences of crowdfunding campaigns, Selected Practice and Reporting Issues: What's new? A review of recent cases and tax law changes and IRS guidance affecting S corporations, partnerships, limited liability companies, and limited liability partnerships, New Form 1099-K reporting requirements,Bonus depreciation in 2023, Section 163(j) in 2023, Section 174 Research & Experimental Expenditures, New FinCEN reporting requirements in 2024, Employee vs independent contractor considerations that companies should be aware of, A review of like-kind exchange transactions under Schedule 1031, State and local taxes: pass-through entity workarounds, Special basis adjustments, including comprehensive examples
Form 1120S - Preparation and Analysis
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Webinar
2.00 Credits
Member Price: $105
Understanding the definition and requirements of an S corporation, the benefits and limitations of choosing this entity type, and the eligibility requirements for shareholders. Income and Deductions: Understanding the different types of income and deductions that an S corporation can have, including ordinary income, capital gains and losses, depreciation, and expenses. Shareholder Basis: Understanding the shareholder's basis in the S corporation, how to calculate it, and the impact of distributions on the basis. Reporting Requirements: Understanding the different reporting requirements for Form 1120S, including Schedule K-1, Schedule L, Schedule M-2, and Schedule M-3. Tax Planning: Understanding the tax planning strategies available to S Corporations and their shareholders,including tax deferral, income shifting, and tax-free reorganizations.
Reviewing Individual Tax Returns: What Are You Missing?
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Webinar
4.00 Credits
Member Price: $174
Common errors made involving the following tax topics: Section 199A qualified business income deduction, Home office, Hobby losses, Self-employment health insurance, Business start-up costs, Depreciation, Unreported income, Schedule C issues, Like-kind exchanges, Self-employment tax, Sections 1202 and 1244 stock, Charitable contributions of property
Becoming a Tax Ninja: Lightning-Fast Depreciation
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Webinar
4.00 Credits
Member Price: $185
We'll cover the following important topics: Bonus depreciation after the Tax Cuts and Jobs Act. Schedule 179 and its application to real property. How and when the de minimis rules can be used on residential real property remodels. Utilizing the partial disposition election when remodeling real property.
Forms 1120-S and 1065 Return Review Boot Camp for New and Experienced Reviewers
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Webinar
8.00 Credits
Member Price: $280
Reviews of portions of error-prone "staff-prepared" Forms 1120S and 1065 from client-provided information, What are common errors preparers make and what are the areas generating malpractice claims? Initial administrative groundwork, The importance of Schedule M-1, Reporting requirements for Schedules K-2 and K-3, Don't fall prey to reporting oddities, When can seemingly separately stated Schedule K items actually be trade or business items to report on Forms 1120S or 1065, page 1? Form 1120S - What exactly is terminating S elections today? How do I recognize a second class of stock? Maintaining shareholder basis schedules; beware of final IRS regulations regarding "open debt"; the default method of calculating basis versus the election under Schedule 1367; can an S corporation distribute earnings and profits from C corporation years? Form 1065 - Why use Schedule 704(b) to maintain capital accounts; Schedule 704(c) regulations for preventing the shifting of tax consequences among partners or members; allocating recourse, nonrecourse, and qualified nonrecourse debt; a review of Schedule 754 step-up in basis rules, Multiple checklists of efficient procedures to identify potential issues on an 1120S or 1065 tax return
Federal Tax Update for Individual with Greg and George WEBCAST
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Webinar
4.00 Credits
Member Price: $185
Important new cases. Crucial legislative developments. Review administrative releases including revenue rulings, revenue procedures and notices.
Federal Tax Update for Business with Greg and George WEBCAST
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Webinar
4.00 Credits
Member Price: $185
Important new cases. Crucial legislative developments. Review administrative releases including revenue rulings, revenue procedures and notices.