Learn about a tax topic on your own time, at your own pace. Study the course materials and pass the final test to earn continuing education credits.
Fringe Benefits: Tax Implications
Area: Federal Tax Law
Description:
We’ll look at various kinds of fringe benefits and their tax implications to beneficiaries and providers of them, typically employers. We will also learn how to achieve tax savings for the various fringe benefits, and we’ll look at reporting requirements on common tax forms.
2 CPE credits.
Las...
Gift Tax
Area: Federal Tax Law
Description:
No good deed goes unpunished, including the giving of gifts. But as a tax professional using Form 709, you can unearth when a gift tax filing may be required and help your clients know how they can respond.
Revision Date: April 2023
Home-Office Deduction
Area: Federal Tax Law
Description:
This course examines the federal income tax deduction for business use of a home.
Revision Date: April 2023
Innocent Spouse Relief - From Application to Alleviation of Tax Burden
Area: Federal Tax Law
Description:
Spouses filing joint returns are joint and several liable for any resulting taxes. This liability follows both spouses until paid, even if the spouses later divorce. Innocent spouse relief provides the opportunity to escape joint and several liability in certain circumstances.
IRS Collections and Installment Arrangements
Area: Federal Tax Law
Description:
NEW!A letter from the IRS can be anxiety inducing. With IRS collections likely to ramp up in the future, tax pros will need to know about IRS collection activities – as well as how to challenge them. This course looks at the codes, processes, and forms involved...
Keeping Taxpayer Data Secure
Area: Federal Tax Law
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.
Revision Date: April 2023
Military Tax Preparation
Area: Federal Tax Law
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? Thi...
Resident and Nonresident Aliens: Tax Prep
Area: Federal Tax Law
Description:
NEW!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 no...
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 ...
Standard and Itemized Deductions
Area: Federal Tax Law
Description:
Gain an overview of standard and itemized deductions, including new rules applying to the TCJA and the CARES Act. As the standard deduction is a basic deduction, most of the information in this course is centered around the different itemized deductions.
Last Revision: April 2023
Tax Credit for the Elderly and Disabled
Area: Federal Tax Law
Description:
With the costs of housing, healthcare, prescriptions, and other necessities being so high, the tax credit for the elderly and disabled may prove immensely valuable to your clients.
This course will help you recognize when an individual qualifies for the credit, know the amounts they might qualif...
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 r...
Tax Treatment of Life Insurance Proceeds
Area: Federal Tax Law
Description:
This course discusses the income tax treatment of death benefits and living proceeds from life insurance contracts. It considers the statutory definition of life insurance contained in Internal Revenue Code §7702 and the tax consequences of a life insurance contract’s failure to meet the definition....
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.
Revision Date: April 2023
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 eligi...
Virtual Currency
Area: Federal Tax Law
Description:
You are more likely than ever to encounter clients who have engaged in one or more virtual currency transactions during the year and who may have taxable income as a result. We’ll look at the nature of virtual currency and the tax implications for your clients.
Last Revision: April 2023
