On-demand workshop

Trending Topics and Tax Strategies

8 CPE for AFSP, EA, CPA, CRTP

You'll receive instructor-led sessions and e-book to be completed on your own schedule.

Fees

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Basic

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Textbook add on

Prefer not to print the handouts? During registration, select the rate with book and we'll ship it to you! The price with the book above does not include shipping or tax. Premium level members receive free shipping.

Summary

Tax planning is an essential part of the services you offer. Day two covers common situations you’ll need to fully understand to develop appropriate tax strategies for your clients.

Trending topics include how to correct missed depreciation on rental properties, handling the first year of an estate, how to use the home office deduction for different business owners, as well as common issues tax pros encounter with both S corporations and partnerships. To help clarify the practical application of tax strategies, we’ll include examples that demonstrate how tax planning can be customized to meet the unique needs of different clients.

Objectives

Upon completion of this course, you will be able to:

Identify when a taxpayer has missed depreciation 
Prepare Form 3115 
Outline the reporting requirements for an estate during the first year 
Determine when to file Form 706 to utilize DSUE portability 
Summarize the requirements for a home office deduction 
Prepare Form 8829 
Outline common S corporation issues including making a late S election, determining reasonable shareholder compensation and handling asset ownership issues  
Summarize common partnerships issues including W-2 wages incorrectly paid to partners, and the requirements and reporting procedures for unreimbursed partnership expenses (UPE)

Course details

This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.

Course Year: 2024
Course Level: Update
Prerequisite: Fundamental knowledge of individual and business income tax
Advanced Preparation: None
Delivery Method: QAS Self Study

To earn CPE, you must make at least one attempt to answer each of the review questions included with the video. You also must successfully pass the course exam with a score of 70% or better. The course and exam will expire on Oct. 31, 2025.

How to earn CPE

Cancellation policy

Because this is an online education offering, it is nonrefundable.