All Courses

Description: NEW!

What is community property? Why is identifying community property important when preparing tax returns? This self-study course is a detailed discussion of the connection between community property and federal tax law. Revision Date: September 2023

Description: NEW LIVE WEBINAR!

Understanding your security obligations & adopting appropriate policies has never been more important. In this webinar, a Drake Software data security expert discusses the changing landscape of risk, your legal obligations, and practical steps you can take to protect yourself and your clients. You’ll gain an inside perspective from our expert who has been in the trenches and also sees the big picture of data security.

Last Revision: November 2023

All webinar times in the dropdown below are Eastern Time.

Description: NEW!

Why does the Employee Retention Tax Credit still matter? Two reasons. First, it has been a popular credit that still has implications for employers and taxpayers. Second? Ongoing scams and fraud, and the resulting IRS moratorium. This course provides an overview of the Employee Retention Tax Credit, and provides specific information on IRS efforts to stem the rise of fraud associated with the credit, including imposing a moratorium on ERTC claims, announcing settlement and withdrawal procedures, and the providing educational material on the credit.

Last Revision: October 2023

Description: NEW!

Cancellation of debt? Abandonment of property? Third-party transactions? These can be complex issues and each of them can affect the others. What do you and your clients need to know about proper reporting for IRS Tax Forms 1099-C, A, and K? In this webinar, we bring these complex topics down to earth. We’ll help you know when each form is needed and how it is used.

Last Revision: October 2023

Description: The gig economy is here to stay and intent on growing larger with each year. With that growth is the likely growth of tax preparers’ need to be familiar with preparation of Schedule C. This course will help you identify the types of income reported on Schedule C; describe the business expenses deductible on Schedule C; list the differences between a business and a hobby; and apply the rules governing the deduction for business use of a taxpayer’s home. Revision Date: July 2023

Description: Many of your clients will have supplemental income from sources like rental real estate, partnerships, trusts, estates, and royalties. How do you report that income? This course will give you a better understanding of Schedule E, as well as rental and other income sources, which income must be reported, and which losses and deductions are allowed.

Last Revision: July 2023

Description: Successful completion of the 2023 Annual Federal Tax Refresher (AFTR) Course counts toward the voluntary annual requirement for obtaining an IRS Annual Filing Season Program (AFSP) Record of Completion for the 2024 filing season.

To be eligible for an AFSP Record of Completion, participants must pass the Annual Federal Tax Refresher (AFTR) Course and complete all other required continuing education by midnight (your local time), December 31, 2023.

This AFTR course is based upon the IRS AFTR course outline.

Description:

This bundle contains all the necessary credits for an exempt tax preparer to meet the 15-hour requirement to earn the IRS AFSP - Record of Completion for the 2024 filing season. Certain other credentialed preparers may also benefit from this bundle.

These new and interesting courses are delivered through a mix of webinars and self-studies. Take a short test for each topic to earn your continuing education credits.

To be eligible for an AFSP Record of Completion, participants must complete all required continuing education by midnight (your local time), December 31, 2023.

Click on the title of each course for more information. No substitutions can be made.

If you have already purchased one of these courses and would like to purchase the bundle, please contact Support@DrakeCPE.com.

Description:

This bundle is made entirely of webinars - for those of you who learn best that way. It provides the topics and credit-hours needed for a non-exempt tax preparer to meet the 18-hour requirement to earn the IRS AFSP - Record of Completion for the 2024 filing season.

NOTE: The AFTR course itself is not a webinar. The other courses are an intriguing mix of topics delivered as webinars. Take a short test for each topic to earn your continuing education credits.

To be eligible for an AFSP Record of Completion, participants must complete all required continuing education by midnight (your local time), December 31, 2023.

For more information, click on the title of each course. No substitutions can be made.

If you have already purchased one of these courses and would like to purchase the bundle, please contact Support@DrakeCPE.com.

Description: Learn about the latest tax changes and updates for the 2023 Tax Year. Our focus will be on recent legislation and the impacts the changes have on you and your clients. This course will bring you up-to-date on the 2023 facts and legislative changes that impact clients; provide you with 2023 tables of the Tax Rates; and highlight useful “tax facts” and other important material.

Last Revision: May 2023

Description: Now and then you get a second chance. What should tax preparers know about amended returns? How can preparers help filers make this second chance count? This course will be a detailed look at the topic, including a line-by-line review of the form that is used to file amended returns and an analysis of examples and case studies. Revision Date: April 2023

Description: Individual taxpayers can deduct charitable contributions on their personal tax return if they meet certain requirements. The rules can be somewhat complex. This course provides guidance on the charitable contribution deduction, including information on recent federal tax legislation, which has enhanced the amount of charitable contribution taxpayers can deduct. Revision Date: April 2023

Description: To reap the tax benefits extended to clergy and ministers by the IRS, a taxpayer must fit the IRS definition of minister and perform certain duties. We’ll take a deep look into the definition of who is deemed a minister, types of income, the treatment of housing allowances, and other considerations.

2 CPE credits.

Last Revision: April 2023

Description: This webinar focuses on common IRS red flags that trigger IRS notices, and provides helpful tips for responding to notices.

Description: A disregarded entity has many popular uses. It can be used to operate a business owned by a single-person, or may be used to invest in a partnership or S corporation. Whatever the reason an owner chooses to organize and operate a disregarded entity, income earned by a disregarded entity is personally reportable. Learn how you can help your clients navigate this challenging issue.

Last Revision: February 2023