Federal Tax Law

Description:

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.

Description:

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.

Description: This course explores the federal income tax deduction for business use of a home. It covers the criteria for qualifying for the deduction, the methods available for calculating it, and special rules for specific taxpayers. Topics include the actual expense and simplified methods, unique provisions for daycare facilities, recordkeeping requirements, and the appropriate tax forms and reporting procedures.

Description: Receiving a letter from the IRS can be a stressful experience for taxpayers—and tax professionals play a vital role in helping clients understand and respond appropriately. This course provides an overview of IRS collection activities, including the relevant tax codes, procedures, and forms. It also explores taxpayer rights and the avenues available to challenge IRS collection actions when appropriate.

Description: In this course, tax preparers are introduced to the problem of cybercrime and its costs, offered methods that can be expected to reduce the chances of becoming a cybercrime victim, and informed of proper steps to take if they do become victims of cybercrime.

Description: Who investigates tax crimes and how are tax crimes prosecuted? The IRS-Criminal Investigation (IRS-CI) has sole jurisdiction in tax crimes. We’ll learn how IRS-CI finds tax cases to prosecute, what happens during the course of the investigation, what techniques are used to prove tax crimes, what federal criminal statutes are commonly used, how IRS-CI evaluates an investigation, and the expected consequences of a successful prosecution.

Last Revision: April 2024

Description:

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.

Description: US military service members and household members receive a variety of exclusive tax benefits. What credits and deductions does the tax code provide to those in the military community? How can you help service members, military spouses, and military veterans file an accurate, on-time tax return? This course is a detailed look at military tax preparation.

2 CPE credits.

Last Revision: July 2025

Description: The gig economy is here to stay and intent on growing larger with each year. The changing nature of work for many taxpayers is likely to have an effect on tax preparers’ need to prepare Schedule C. 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.