Taxes

The many changes made to the Internal Revenue Code have created numerous unique planning opportunities for individuals. Careful tax planners must weigh current rules with an eye toward the future. This course will assist the practitioner in charting alternatives and guiding clients through these complex tax times. Planning is a year-round process, and this course is loaded with ideas that can be used throughout the year to reduce taxes. Among the ideas discussed will be the Alternative Minimum Tax, charitable giving, tax-saving strategies for real estate owners and investors, and much more. Working systematically through Form 1040, the practitioner will be given many ideas on how to reduce taxes through planning.

Enrolled Agent Approved

We all need to take time to review those parts of the return that may be boring, but which the IRS examines closely. Also, what are the keys to a well-balanced return?

Enrolled Agent Approved

We all need to take time to review those parts of the return that may be boring, but which the IRS examines closely. Also, what are the keys to a well-balanced return?

Enrolled Agent Approved

This presentation covers key changes made by the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019, the new required minimum distribution tables and other changes and updates that affect IRAs and other retirement accounts. The discussion will cover technical changes, as well as applicable compliance and operational requirements focusing on helping clients avoid costly mistakes.

South Carolina has more than 50 tax credits – how many do you know about?

This course will cover several key changes in South Carolina (and surrounding states) tax law and policy changes for 2021. We’ll cover tax planning opportunities and items to be aware of as individuals and businesses prepare for the 2021 tax compliance period.

Maintaining and reconciling Shareholder basis in an S corporation can be challenging. Transactions can affect basis, something called ‘triple A’, retained earnings, ‘other adjustments’, and expenses deductible for tax purposes, but not for book and vice-versa. This course sorts all those terms out, tells you how they are calculated, how they affect a shareholder’s basis, and where to report them in the tax returns of both corporation and shareholder.

Enrolled Agent Approved

A lot has happened that will impact your upcoming tax season in 2022. We will go over considerations that we brought on by the American Rescue Plan, recent IRS guidance, and even some state tax considerations. We want to help lower your stress level for the upcoming tax season by being prepared and ready. Also you can lower your clients’ stress levels, by letting them know what you need upfront so the tax preparation process can be less painful.

This course will be beneficial for anyone who deals with the gift or generation-skipping transfer tax rules or who files gift or estate tax returns.

This course will:

Review the current estate, gift and generation-skipping transfer tax Regimes

Walk through a detailed examination of the preparation of a gift tax return (form 709) with consideration given to the types of transactions which regularly generate a need for filing gift tax returns