Income Tax Webinar Topics

2019 Tax Webinar Topics

  1. 2019 Fall Topical Update Live Stream
  2. 2019 Year-End Update Live Stream
  3. “Do the Right Thing” Ethics Part 1: General
  4. “Do the Right Thing” Ethics Part 2: Due Diligence Responsibilities
  5. “Do the Right Thing” Ethics Part 3: The Disciplinary Proceeding
  6. “Do the Right Thing” Ethics Part 4: Hot Button Issues of the Office of Professional Responsibility
  7. “Electric Avenue” Electronic Filing Identification Number (EFIN), E-Services, PTIN’s and More
  8. “Reunited and It Feels So Good” Reconstruction of Records for Tax Compliance & Non-Filer Issues
  9. Qualified Business Income QBI Series:
  10. QBI: Determination of the UBIA of Qualified Property
  11. QBI: Definition of an SSTB
  12. QBI: Definition of W-2 Wages and the QBI Calculation
  13. QBI: QBI Basic Calculation – Under the Thresholds and Examples
  14. QBI: The Phase in Calculation and Examples
  15. QBI: The Coop Calculation and Examples
  16. QBI: Special rules- De Minimus Rule, Reputation and Skill, §481 adjustments and Net Operating Losses
  17. Gift Tax – Basic Compliance Issues
  18. Trust & Estates: Part 1
  19. Trust & Estates: Part 2
  20. Trust & Estates: Part 3
  21. Schedule C – Selected Expenses and Recordkeeping
  22. Schedule C – Expenses and Audit Issues – Common Audit Issues
  23. Schedule F- Farm Income
  24. 199A Trade or Business, Rentals and Choice of Entity under TCJA
  25. Tax Boot Camp Series
  26. Tax Boot Camp Series: Filing Requirement
  27. Tax Boot Camp Series: Filing Status
  28. Tax Boot Camp Series: Dependents
  29. Tax Boot Camp Series: Earned Income Tax Credit
  30. Tax Boot Camp Series: Child Tax Credit & Additional Child Tax Credit
  31. Tax Boot Camp Series: American Opportunity Tax Credit and Lifetime Learning Credit
  32. Tax Boot Camp Series: Navigating the Tax Forms
  33. “A Change is Gonna Come” §199A The 20% QBI Deduction Part 1
  34. “A Change is Gonna Come” §199A The 20% QBI Deduction Part 2
  35. “A Change is Gonna Come” §199A The 20% QBI Deduction Part 3
  36. “A Change is Gonna Come” §199A The 20% QBI Deduction Part 4 Final Regulations
  37. “You Can’t Take It with You” Decedent and Final 1040
  38. “Opportunity Knocks” Correcting Depreciation & Form 3115
  39. “The Proof is in the Pudding” IRS Penalty Abatement – Reasonable Cause
  40. “Are You Lonesome Tonight?”: Divorce and its Various Tax Implications
  41. “Promises, Promises” Employee vs. Independent Contractor – Volunteer Classification Settlement Program (VCSP)
  42. “You Can’t Always Get What You Want” Installment Agreements & Offers in Compromise
  43. “Runnin’ Down a Dream” Retirement Plans Part 1: Contributions
  44. “Leaving on a Jet Plane” Retirement Plans Part 2: Distributions
  45. “Turn the Page” Retirement Plans Part 3: What’s New in Retirement Planning
  46. “The Promised Land” Welfare Benefit Plans

2019 Tax Webinar Details

2019 Fall Topical Income Tax Update: Can’t make it to our live in-person seminars? We are live-streaming our Fall seminar on 10/1/19 for an 8 hour event.  You will receive a 250+ page electronic textbook for the session. Topics include: 2019 Tax Legislation–Overview, Safe Harbor Election & Rentals, Centralized Partnership Audit Regime, §754 Election, Ethics and the Tax Client, IRS Procedures, Insolvency & Cancellation of Debt, Penalty Abatement, Statute of Limitations, & Marijuana: CBD Oil. CPE Credit/CE Hours: 8 including (Federal Tax Law Update: 4, Federal Tax Law & Regs: 3 & Ethics: 1)

2019 Year-End Income Tax Update: Can’t make it to our live in-person seminars? We are live-streaming our Year-End seminar on 12/10/19 for an 8 hour event.  You will receive a 250+ page electronic textbook for the session. Topics include: 2019 Income Tax Legislation, Updates on 199A changes, Divorce/Alimony/Child Support, ABI Update- Excess Business Losses and Carryover of Unused QBI losses, Ethics – The Tax Professional’s Disciplinary Standards, HRAs & Retirement Plans, Life Insurance Taxation Issues, Correcting Depreciation, Meals & Entertainment, & Entity Choices under the TCJA. CPE Credit/CE Hours: 8 including (Federal Tax Law Update: 4, Federal Tax Law & Regs: 3 & Ethics: 1)

“Do the Right Thing” Part 1: Ethics for the Tax Professional: Today, every tax professional faces rapidly expanding ethical responsibilities as courts and governmental agencies challenge the nature of traditional client relationships. With special emphasis on the disciplinary standards, we’ll look at how professional associations and licensing boards are modifying professional standards and how those changes impact tax preparation and tax planning. We’ll examine recent IRS and Congressional proposals to direct the tax professional’s focus toward client compliance and how these proposals are likely to impact tax avoidance planning. CPE Credit: 1

“Do the Right Thing” Part 2: Ethics Due Diligence Responsibilities: In part 2 of this series, we will review §10.22 Due Diligence requirements under Circular 230, define due diligence responsibilities and the benefits, identify tips for meeting due diligence, and most importantly, the consequences of not meeting due diligence. CPE Credit: 1

“Do the Right Thing” Part 3: Ethics The Disciplinary Proceedings: In part 3 of this series, – learn about the process and your rights as a tax professional if you are under investigation by the Office of Professional Responsibility (OPR) CPE Credit: 1

“Do the Right Thing” Part 4: Ethics Hot Button Issues of the OPR: In part 2 of this series, we will review §10.22 Due Diligence requirements under Circular 230, define due diligence responsibilities and the benefits, identify tips for meeting due diligence, and most importantly, the consequences of not meeting due diligence. CPE Credit: 1

“Electric Avenue” Electronic Filing Identification Number (EFIN), E-Services, PTINs and More: Join us for information on how to keep your EFIN current, navigating e-services and renewal of IP PTINs. Did you know IRS can “lock” you EFIN in the middle of filing season making you unable to e-file.  It’s important to keep that information current, addresses, key officials, etc. E-services is the electronic way of doing business with the IRS. Get answers sooner, get transcripts when needed. What estimates have been paid? With a filed Power of Attorney, you can use e-services to get the above information and save a call to IRS and save time. Other online applications will also be reviewed. CPE Credit/CE Hour: 1

“Reunited and It Feels So Good” Reconstruction of Records for Tax Compliance & Non-Filer IssuesThis course will focus on working with clients who are non-filers or are challenged in the record keeping arena. Learn tips on how to reconstruct records from the source information available, or IRS sources.  Some areas where reconstruction of records is important include: state or federal tax audits, tax return preparation, civil or criminal investigations, including supporting claims of embezzlement, theft, elder financial abuse, insurance fraud, contract disputes, and misappropriation of assets, divorce–supporting or refuting claims that accounts and financial data have been altered or income and assets have been hidden, spousal and child support income calculations.  Our discussion will center on tax related issues. CPE Credit/CE Hour: 2

QBI: Determination of the UBIA of Qualified Property: What is Qualified Property?  The importance of current depreciation schedules and how and when the limitation of 2.5% of Qualified Property applies. CPE Credit/CE Hour: 1

QBI: Definition of a SSTB: Identifying when you have a Specified Service Trade or Business (SSTB) and how the QBI calculation and deduction applies. CPE Credit/CE Hour: 1

QBI: W-2 wages for purposes of QBI: Review of the three methods available to calculation W-2 wages for QBI purposes. CPE Credit/CE Hour: 1

QBI: Basic Calculation – Under the Thresholds – and Examples: The Basic QBI calculation, it was probably done by your software, but wouldn’t like to know how to calculate it for your clients for tax planning in 2019 and the future. CPE Credit/CE Hour: 1

QBI: Phase in Calculation and Examples: When your client is within the phase-in amounts, a special calculation needs to be done concerning wages and property. Join us as we put together the puzzle of QBI and the phase-in limitation issue. CPE Credit/CE Hour: 1

QBI: The Coop Calculation with Examples: You have a farming client, learn how the QBI calculation is impacted by the special “grain glitch” limitation. We are awaiting regulations which we hope will shed addition light on this issue. CPE Credit/CE Hour: 1

QBI: Special Rules – De Minimus, Reputation & Skill, 481 Adj and NOL: Some lessor discusses issues of QBI will be reviewed which may impact your client if you are unaware of these special provisions.  Another piece of the QBI puzzle will be addressed. CPE Credit/CE Hour: 1

Gift Tax: Basic Compliance Issues: This webinar will focus on basic tax concepts of gifts or gratuitous transfer between individuals; when a Form 709 Gift Tax Return must be filed; and review of a sample gift tax return from a preparation and review standpoint; and times when gifts are reported on a decedents estate return (Form 706). CPE Credit/CE Hour: 1

Trust & Estates: Part 1: This webinar will focus on the Form 1041 return preparation review and delivery to a client. The types of trusts and the resulting Form 1041 filing. Also a fairly comprehensive example of a Form 1041 return filing. CPE Credit/CE Hour: 1

Trust & Estates: Part 2: This webinar will focus on ten (10) issues or tax items that should be considered when dealing with trusts and estates. We’ll also cover the impact of QBI on estate and trusts in this webinar. CPE Credit/CE Hour: 1

Trust & Estates: Part 3: The focus on this webinar will on planning techniques and various succession planning vehicles to transfer wealth between family generations during one’s lifetime (e.g., Intentionally Defective Grantor Trusts (or IDGTs)). Also, we’ll touch on “post-mortem” planning which has an impact on all estate situations (i.e., you don’t have to have a large estate for effective planning opportunities. CPE Credit/CE Hour: 1

Schedule C – Select Expenses and Recordkeeping: Join us as we review select expenses of the Schedule C small business.  The discussion will include, new law as it relates to meals and entertainment and an overview of ordinary and necessary expenses that small businesses generally incur. CPE Credit/CE Hour: 1

Schedule C – Expenses and Audit Issues – Common Audited Issues: Additional Schedule C expenses and highly audited issues.  When sampling may be a good idea and what to do when IRS is auditing not only expenses but income using the bank deposit method. CPE Credit/CE Hour: 1

Schedule F – Farm Income and Schedule F: You have a farm client, income comes for various avenues. A general overview of the kind of income the farm may generate and how to place the income on the Schedule F. IRS matched certain lines, so it is important that we place income in the appropriate area. The discussion will be limited to income and some of the options farmers have to defer income. CPE Credit/CE Hour: 1

199A Trade or Business. Rentals and Choice of Entity under TCJA:  This webinar will present what is a Trade or Business under 199A. Are Rental properties a Trade or Business under 199A? We will discuss substantial authority and court cases to assist you in determining what is a Trade or Business. Finally, we will discuss a comparison of entities under the TCJA. CPE Credit/CE Hour: 1

Tax Boot Camp Sessions: Filing Requirements It all starts with whether or not a person needs to file a tax return, but, also when to file. When a person should file even though they do not need to file, there is a difference and finally common misconception about filing a tax return. CPE Credit/CE Hour: 1

Tax Boot Camp Sessions: Filing Status If you get this wrong, the whole tax return is wrong. This is also a difficult issue when it comes to determining the correct filing status based on family dynamics, we often face during tax season. Journey we us as we explore the various filing status and clarify which is the right status through examples. CPE Credit/CE Hour: 2

Tax Boot Camp Sessions: Dependents Dependents can be difficult, though the personal exemption has been suspended through 2025, there are other benefits a dependent is eligible for, so determining whether an individual qualified as a dependent can have a great impact on the tax return.   Starting with the basic we will cover the rules and then delve into some of the more complex relationships you may run into in your practice. CPE Credit/CE Hour: 2

Tax Boot Camp Sessions: Earned Income Tax Credit Due diligence is important here as we review the rules for the Earned Income Tax Credit and our due diligence responsibilities. CPE Credit/CE Hour: 2

Tax Boot Camp Sessions: Child Tax Credit & Additional Child Tax Credit Once again, we have heightened due diligence rules that we must cover as well as determining if our client qualifies for either of these two credits plus the new Dependent Credit enacted with the Tax Cuts and Jobs Act of 2017. Join us as we review both credits and the forms required to be filed. CPE Credit/CE Hour: 2

Tax Boot Camp Sessions: American Opportunity Tax Credit and Lifetime Learning Credit  Monitoring the American Opportunity Tax Credit can be a challenge, as it is limited to 4 years.  And the Lifetime Learning Credit is an option once the AOTC is exhausted. What qualifies, what recordkeeping is needed, Form 1098-T and other issues will be discussed. CPE Credit/CE Hour: 1

Tax Boot Camp Sessions: Navigating the Tax Forms We have the basics, now a review of the forms and how everything flows is necessary to show a correct and complete return. Forms covered will relate directly to the topics covered during the Tax Boot Camp. CPE Credit/CE Hour: 1

“A Change is Gonna Come”  §199A The 20% QBI Deduction Part 1: The Tax Cuts and Jobs Act has made significant changes to tax accounting methods, especially for clients with average gross receipts of $25M or less.  This webinar will provide a last-minute review before filing season starts. Topics covered in Part 1 include: basic calculations and charts to assist in tax preparation, a definition of a specified service trade or business, the meaning of “reputation or skill” clause, and what qualifies business income. We will define terms you need to know, guide you on determining UBIA of Qualified Property and discuss W-2 Wages for the purposes of §199A. CPE Credit/CE Hour: 2

“A Change is Gonna Come”  §199A The 20% QBI Deduction Part 2: Expanding what we learned in Part 1, we will present like-kind exchanges and involuntary conversions related to QBID, other Nonrecognition Transactions, allocation of UBIA of Qualified Property by a Relevant Passthrough Entity (RPE),  special rules such as De minimis rule, Services or Property Provided to an SSTB and other issues related to QBI. CPE Credit/CE Hour: 2

“A Change is Gonna Come”  §199A The 20% QBI Deduction Part 3: Building on what we presented in Parts 1 & 2, this webinar will include several examples of appropriate applications of §199A  20% Qualified Business Income. We will work through many different examples to ensure you are prepared.   CPE Credit/CE Hour: 2

“A Change is Gonna Come”  §199A The 20% QBI Deduction Part 4: Final Regulations are here!  Join us for a comprehensive review of the final regulations. What are the key takeaways that you will need to implement?  CPE Credit/CE Hour: 1

“You Can’t Take It with You” Decedent and Final 1040: This course will present a definition of terms including income with regards to the decedent, filing dates, IRC § 454 regarding savings bonds, medical deductions, and separating income between the decedent and the estate. Why is it important to work with an attorney? What forms are required for certain income and expenses {1040, 1041, 706}. Who can file/sign the decedent return if no estate is open? What is the significance of IRC § 754 Step Up on decedent assets? What happens to the decedents capital losses? Join us for this important webinar on critical issues affecting the decedent. CPE Credit/CE Hour: 1

“Opportunity Knocks” Correcting Depreciation & Form 3115: IRS allows taxpayers to correct depreciation previously missed or deducted improperly. This webinar will give you an overview on Form 3315 and 1040X. When and How to File Form 3115 with examples. Also discussed will be IRC Section 481(a) adjustments, when and how to calculate and report. Finally, what’s new with Form 3115 and changes in accounting methods under TCJA. CPE Credit/CE Hour: 1

“The Proof is in the Pudding” IRS Penalty Abatement – Reasonable Cause & Removal of Penalties: This course presents numerous topics within the subject of Reasonable Cause.  We will demonstrate how to navigate a first-time Abatement Program, using Form 843, Rev Procedure 84-35 (Partnership Returns), Written & Oral Advice from the IRS, advice from ahttps://register.cpehours.com/ tax professional or attorney, ordinary business care, lost or destroyed records, code, regulations, Internal Revenue Manual, and case law to support your reasonable cause position. Come join us for this indispensable webinar to assist your clients in their time of need. CPE Credit/CE Hour: 1

“Are You Lonesome Tonight?”: Divorce and its Various Tax Implications: What happens when your clients divorce?  What is the relevance of the tax professional assisting clients through this difficult time? We will discuss filing status, name change, joint & separate responsibility & liability, dependents and associated tax credits, retirement plans, alimony, child support, property settlements, allocating estimated payments, NOLs, and Capital Loss carryovers. CPE Credit/CE Hour: 1

“Promises, Promises” Employee vs. Independent Contractor – Voluntary Classification Settlement Program (VCSP): Save your client some money and headaches if you have repeatedly counseled them on the issue of employee vs. independent contractor. The Voluntary Classification Settlement Program may be the right choice to get your client into compliance with treating their workers as employees. Learn about the process, how to qualify for the program and examples of tax savings your client will benefit from.  Be the hero for your client and show them the ins and outs of this IRS program, and gain a new client for payroll taxes. CPE Credit: 1

“You Can’t Always Get What You Want” Installment Agreements & Offer in Compromise: Installment agreements are simple and easier to implement than ever before. But, there are several things to consider concerning the type of agreement, how to qualify and more importantly keeping the agreement in force. How can you provide your client with a fresh start? We will discuss issues concerning Offer in Compromise – an overview on types of OIC, payment options, and how to calculate an amount that the IRS will agree to. What deductions are allowed? Join this discussion on implementing installment agreements that your client can adhere to and at the same time stay in compliance. CPE Credit: 1

“Runnin’ Down a Dream” Retirement Plans Part 1: Contributions: The prospects of setting up the right type of retirement plan for clients can be intimidating.  However, as professionals, we need to be adequately versed in helping our clients set up effective retirement plans.  We will explore the various types of retirement plans and discuss their suitability under various client situations.  The learning objective will be to assist professionals in identifying a retirement plan solution that meet the multi-faceted goals of the Plan sponsor as well as the Plan participants. We will explore the tax and planning aspects of our private and public retirement plan systems and  discuss qualified plan arrangements, choosing the right small business plan, Regular IRAs (tax deferred) and Roth IRAs. CPE Credit: 1

“Leaving on a Jet Plane” Retirement Plans Part 2: Distributions:  Now that we have provided our participants with a financial “nest egg” designed to provided for adequate retirement security, how do we maximize the benefit through effective distribution strategies?  This webinar will explore the various types of retirement plan distributions, the income tax and potential tax consequences for early distributions and review the various rules for required minimum distributions (RMDs).  Also, we will present you with the important operational issues, including correction procedures and plan termination considerations. Join us for more details. CPE Credit: 1

“Turn the Page” Retirement Plans Part 3: What’s New in Retirement Planning: Michael Miranda will discuss recent proposed legislation that is working its way through Congress.  Topics will include: RESA (Retirement Enhancement and Savings Act), SECURE (Setting Every Community Up for Retirement Enhancement), enhancements from the IRS on Plan Fix-Up opportunities or the EPCRS (Employer Plan Compliance Resolution System).  Recently (April 2019) the IRS issued Rev Proc 2019-19 which further expands Plan Sponsors’ opportunities to correct operational defectives of the Plans under the Self-Correction Program. Join us for more details. CPE Credit: 1

“The Promised Land” Welfare Benefit Plans: This webinar is designed to discuss various welfare benefit arrangements designed to provides effective health plan arrangements for and by Employers for their employees. CPE Credit: 1

*All webinars are approved for 1 CPE credit/CE Hour per hour. Program Level: Basic Pre-requisite: Basic comprehension of taxation, no advanced preparation required. * CFPs: Although Certified Financial Planners will receive 1 hour of CE credit for attending each of our 2018 webinars, none of the hours will qualify for CFP ethics credit.

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January

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