Taxes

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

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