Self-study course
Trending Topics and Tax Strategies
7 CPE for AFSP, EA, CPA, CRTP
Fees
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Summary
Tax planning is an essential part of the services you offer. This course 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:
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Identify when a taxpayer has missed depreciation
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Prepare Form 3115
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Outline the reporting requirements for an estate during the first year
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Determine when to file Form 706 to utilize DSUE portability
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Summarize the requirements for a home office deduction
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Prepare Form 8829
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Outline common S corporation issues including making a late S election, determining reasonable shareholder compensation and handling asset ownership issues
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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
How to earn CPE
To receive credit for this self-study course, you must successfully pass the course exam with a score of 70% or better.
Self-study courses and exams generally expire one year from the date of purchase.
Cancellation policy
Because this is an online education offering, it is nonrefundable.