Taxes

The “once -in-a-lifetime ‘Pandemic’ hit just as many taxpayers were recovering from other financial upsets, from the “Great Recession” to natural disasters such as fires and hurricanes, millions of taxpayers have negotiated settlement of home mortgages and business debts of all kinds. Whether through bankruptcy, short sale, negotiated settlement, or even when a creditor just gives up trying to collect, the amount not paid might be taxable income. This course examines the conditions that make loan forgiveness taxable as well as those circumstances when all or part of the debt forgiven is not taxable.

This course is a comprehensive study of the world of Subchapter K and partnership taxation. It takes us through the entire life-cycle of a partnership tax structure. This course is ideal for not only someone who has been away from the preparation of 1065s for a while, but also for anyone who just wants to brush-up on the core elements of 1065s. Let’s face it, Subchapter K of the Internal Revenue Code is by far the most complex chapter – the rules are so intricate, so this course helps solidify the ins-and-outs of the complicated partnership rules.

Enrolled Agent Approved

How are states reaching out to tax more e-commerce activities, and does this affect other taxpayers as well?

This course is essential for the tax practitioner who wants to update their knowledge of individual income taxation. This course will provide a comprehensive review of Form 1040 complexities for the 2021 tax year. Included will be a thorough review of all tax codes made by the SECURE Act and the CARES Act.

CFP CE Approved

Enrolled Agent Approved

This course is essential for the tax practitioner who wants to update their knowledge of business income taxation. This course will provide a comprehensive review of Form 1040 complexities for the 2021 tax year. Included will be a thorough review of all tax codes made by the SECURE Act and the CARES Act.

CFP CE Approved

Enrolled Agent Approved

In this course we will cover various aspects from beginning to end of working with attorneys in the capacity of an expert witness. We will discuss engagement letters, communication with attorneys in light of evidentiary rules, taking notes and writing reports for state and federal courts, creating a CV and giving testimony either on the witness stand or through depositions. Some areas will be covered more in depth than others based on the time frame for this course.

LLCs are the entity of choice, but would your client be better off by selecting partnership or S-corporation status?

Enrolled Agent Approved

Compensation can be a complex issue both for determining employee/independent contractor status and proper reporting. And don’t forget the Trust Fund penalty!

Enrolled Agent Approved

Attend this proactive seminar and gain a better understanding of how tax return analysis can be used to determine an individual and company’s cash flow position. With this knowledge, the CPA will be able to help their clients improve their cash flow position, obtain financing, and/or better manage their on-going business operation. Discussion Leader: William Bill Strickland

Even though they have been around for several years, the tax laws pertaining to S-Corporations remain some of the more difficult areas of the Internal Revenue Code. Given the rising popularity of S-Corporations, understanding how shareholder basis and the equity section of the balance sheet work together for tax purposes is imperative for nearly any tax practitioner. In this course, we will discuss this relationship. Using examples and illustrations, we will show how contributions, operating transactions, and distributions affect both shareholder basis as well as equity. Discussion Leader: David Peters