DrakeCPE-Federal Tax Law

Reporting Foreign Financial Accounts: FinCEN and FBAR

Area: Federal Tax Law

Description: What should tax preparers know regarding the reporting of foreign financial accounts? This course offers historical background pertaining to the Financial Crimes Enforcement Network (FinCEN) and account reporting. In addition, the course focuses on the preparation process for the Report of Foreign Bank and Financial Accounts (FBAR) and Form 8938, Statement of Specified Foreign Financial Assets.

$18.00 1 CPE Full Description

Resident and Nonresident Aliens: Tax Prep

Area: Federal Tax Law

Description: As a knowledgeable tax preparer, you can be an especially valuable resource for non-US citizens, since they are individuals who often have had less experience with the US tax system compared to US citizens. This contains content for both resident and nonresident aliens. However, since resident aliens are generally subject to the same tax filing rules as US citizens, we’ll look at more comprehensive content on nonresident alien filers.

$36.00 2 CPE Full Description

Schedule E: Supplemental Income

Area: Federal Tax Law

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.

$36.00 2 CPE Full Description

SECURE Act 2.0 – The Full Picture

Area: Federal Tax Law

Description:

The SECURE Act 2.0 contains a wide range of provisions that become effective over several years designed to encourage retirement savings, help ensure the sufficiency of retirement funds, bring additional clarity and transparency to retirement plan rules, and increase federal revenue. This course will discuss the various provisions of the Act, beginning with those provisions that are immediately effective and followed by those that become effective in subsequent years. Appropriate context is added to facilitate understanding of the pre-enactment environment and the impact of the legislative changes.

$72.00 4 CPE Full Description

Selling Your Home: Tax Implications

Area: Federal Tax Law

Description: Is your client selling their home? Is the home a primary or secondary residence, a business or rental? Are there short-term or long-term gains or losses to calculate? The various rules that apply to the sale of a home are explained in this course, along with details on proposed legislation that may affect tax years 2023 and beyond.

2 CPE credits.

Last Revision: April 2025

$36.00 2 CPE Full Description

Social Security: Tax Implications

Area: Federal Tax Law

Description: How did Social Security become the program that exists today? Which benefits are offered by the program? What are the implications when preparing tax returns? What are some common related financial planning considerations? This course helps tax professionals better understand the scope of the Social Security program, as well as how it affects their clients.

$54.00 3 CPE Full Description

State and Local Taxes (SALT)

Area: Federal Tax Law

Description:

This self-study course thoroughly discusses state and local tax issues from the perspective of federal tax preparation, including Schedule A deductions for state and local taxes.

$18.00 1 CPE Full Description

Taking Care of Business: Corps, S Corps, Partnerships

Area: Federal Tax Law

Description: BUNDLED COURSES! So many ways to structure a business – so many tax implications. Whether your clients are a corporation, an S corp, or a partnership, we’ve got you covered. We’ll give you background on the various structures, some key tax implications, and guidance on how to complete the right forms and schedules.

Buying these three courses as a package will also save you money! Buy all three together and save $12 off the regular price!

Total of 6 CPE credits.

$96.00 6 CPE Full Description

Tax Treatment of Individual Retirement Arrangements

Area: Federal Tax Law

Description: This course examines the taxation of individual retirement arrangements (IRAs). In so doing, it discusses traditional and Roth IRAs, addressing the federal rules concerning: contribution limits and tax treatment; tax treatment of traditional IRA distributions, including regular, early and lifetime required minimum distributions; tax treatment of qualified and nonqualified Roth IRA distributions; required distributions at death; and IRA rollovers.

$36.00 2 CPE Full Description

Tax Treatment of Retirement Plans, Pensions, and Annuities

Area: Federal Tax Law

Description: We discuss the federal income tax treatment and limitations related to qualified employee plan contributions and distributions, as well as commercial annuity contracts.

$54.00 3 CPE Full Description

The § 199A Pass-Through Deduction

Area: Federal Tax Law

Description: The Tax Cuts and Jobs Act of 2017 (TCJA), signed into law during the closing days of 2017, affects the tax planning and income tax liability for many taxpayers. Among those for whom the TCJA will have a more significant effect are business owners of pass-through trades or businesses who may be eligible for the TCJA’s pass-through deduction. The Section 199A Pass-Through Deduction course examines this deduction This course will examine the pass-through deduction authorized under § 199A of the TCJA.

$54.00 3 CPE Full Description

Unpaid Payroll Taxes: A Timebomb You Can Defuse

Area: Federal Tax Law

Description:

In this webinar, a retired IRS Criminal Investigation agent shares his insider perspective on the issue of unpaid payroll taxes and the serious implications it can have for your clients. We discuss the statutes guiding the collection of payroll taxes, the possible penalties for unpaid payroll taxes, and how you can help your clients resolve the issues.

Last Revision: February 2024

$36.00 2 CPE Full Description

Federal Tax Law

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