Ethics and Circular 230: Rules, Risks, and Real-World Judgment Calls
Ethics and Circular 230: Rules, Risks, and Real-World Judgment Calls
Area: Ethics
Ethical tax practice goes beyond knowing the rules — it’s about applying them in real-life scenarios. In this engaging webinar, two veteran CPAs walk through Circular 230, practitioner responsibilities, common violations, and how to handle tough ethical dilemmas with confidence and compliance. Designed for any tax return preparer seeking clarity and credibility.
Area: Federal Tax Law
Individual taxpayers may be eligible to deduct certain medical and dental expenses on their personal tax returns. This course provides tax preparers with a comprehensive overview of the rules governing these deductions. Topics include identifying qualifying expenses, understanding the thresholds for deduction, and accurately reporting these expenses on the appropriate IRS forms. By completing this course, preparers will be equipped to assist clients in maximizing their allowable medical deductions while ensuring compliance with current tax laws.
Area: Federal Tax Law
This course offers a practical introduction to estates and trusts by reviewing their fundamental differences and how these entities are established. Participants will explore the types of trusts, including a summary of special elections. Income tax implications for both estates and trusts will be discussed, along with the specific filing requirements of Form 1041, ensuring you're confident in applying these concepts in real-world tax scenarios.
Federal Income Tax Changes 2025
Federal Income Tax Changes 2025
Area: Tax Update
Each year, various limits relevant to income tax preparation and planning are updated. Some changes result from routine inflation indexing, while others stem from new legislation or the expiration of existing laws. This course examines the significant tax updates for 2024–2025, including those introduced by the SECURE Act 2.0 and key inflation-adjusted limits. Context is provided where appropriate to help tax professionals understand the practical implications of these changes in their work.
Gambling Winnings - Compliance and Reporting Considerations
Gambling Winnings - Compliance and Reporting Considerations
Area: Federal Tax Law
Sports gambling has raised the stakes with reporting and compliance considerations! This course provides an overview of recent changes in law impacting the gambling industry, gambling businesses or operators’ excise tax and information reporting requirements, and individual income tax reporting requirements for those that are either lucky or skilled enough to win.
Gift Tax Reporting and Form 709
Gift Tax Reporting and Form 709
Area: Federal Tax Law
This on-demand webinar is designed for tax professionals seeking best practices for completing Form 709 in the tax planning process. Presented by Randy Adams, EA, MSA, and experienced tax preparation instructor since 2011, the session provides valuable insights into topics such as portability and when it can be used effectively, annual exclusion, and how to complete the different areas of Form 709 when it is needed. This webinar serves as a comprehensive guide for tax professionals who want a thorough understanding of managing assets regarding retirement accounts and gifting.
Last Revision: September 2024
Individual Taxpayer Identification Numbers (ITINs)
Individual Taxpayer Identification Numbers (ITINs)
Area: Federal Tax Law
Since the invention of the Individual Taxpayer Identification Number (ITIN) in 1996, millions of ITINs have been issued by the IRS. Many rules pertaining to ITINs have changed, but one certainty is that when tax preparers are knowledgeable about these rules, they can be a valuable resource for clients who are seeking to comply with federal tax law. This course provides an overview of the most important topics related to ITINs.
Area: Federal Tax Law
Area: Federal Tax Law
In recent years there has been an uptick in state legalization of cannabis for recreational purposes, with states gaining millions and in some cases billions of tax revenues from the sale of cannabis. While income from illegal cannabis sales is reportable for federal income tax purposes, there are various intricacies that come into play with expense deductions. These same intricacies exist at the state level. This course explores the various tax implications and also explores some of the controversies regarding expense deductions.
Last Revision: February 2024
Area: Federal Tax Law
Fundamentals of Preparing Form 1065 - Partnerships
Fundamentals of Preparing Form 1065 - Partnerships
Area: Federal Tax Law
The rules for partnerships are complex and taxpayers and practitioners must plan carefully to avoid potential pitfalls, both for the partnership and for the individual partners. Partnerships must report income and expenses annually on Form 1065 and related forms. This course provides an overview of Form 1065 and the rules for partnerships.
Last Revision: December 2023
Fundamentals of Preparing Form 1120 - Corporations
Fundamentals of Preparing Form 1120 - Corporations
Area: Federal Tax Law
How does the IRS define a corporation? What should tax professionals know about Form 1120? This course covers basic definitions and terms regarding corporations, the tax implications of corporate structures, and how to prepare Form 1120 and related forms.
Last Revision: January 2024
