CPE Resources
Our CPE resources list was designed to serve as a comprehensive repository of information presented in our online tax webinars and seminars. Each link corresponds to key topics covered in our continuing education sessions, offering quick access to critical updates, in-depth guides, expert insight and practical tools. This curated list allows tax professionals to revisit and apply the knowledge gained, ensuring they stay informed and equipped to address complex tax scenarios when needed. It’s a functional extension of our educational offerings, providing value beyond the live sessions.
Files (2024)
2024
- Basics & Beyond Year-End Seminar: Group Sign-In Sheet
- Hightail Year-End Materials
- Circular 230 (PDF)
- Sample Engagement Letter for 2023 Individual Tax Preparation
- CTA and BOI Resource Material – Word doc
- Combined CTA BOI Resource Information – Information PDF
- 12/5/24 – Texas Court Blocks CTA Enforcement (PDF – 12.05.24 AICPA Special on BOI Reporting Halt)
- 12/23/24 – The U.S. Court of Appeals for the Fifth Circuit overturned the BOI injunction.
- Written Information Security Plan “WISP” (Pub 5708)
- 2024 Drake Reference Guide
- Sample Partnership Abatement Letter (84-35 letter)
- Sample Request for FTA Letter (FTA Example)
May 2024
May 22 - Hobby Losses
May 23 - Quarterly Tax Update 2024: Part 1
June 2024
June 6 - The Basics of LLC’s
June 13 - Ethics Part 1
- Form 14242, Report Suspected Abusive Tax Promotions or Preparers contains a questionnaire that should be used to record informant contacts and to facilitate referrals to the:
- Internal Revenue Service Abusive Schemes Lead Development Center. Online referrals can also be made using the Form 14242, Document Upload Tool
- Considerations for IRS Examinations of ERC Claims
June 13 - Ethics: Part 2
June 19 - Overview of Form 1040 & Tax Change Basics for 2024
June 21 - Anatomy of a Civil Tax Controversy
June 26 - Wealth Transfer Tax Strategies
July 2024
July 9 - Ethics: Part 3
July 9 - Ethics: Part 4
July 11 - Understanding LLCs and Entity Classifications
July 17 - The Kovel Accountant
July 18 - SECURE 1.0 and 2.0 Acts
July 24 - Filing DSUE & Form 706
July 25 - Form 1099K Payment Card & 3rd Party Transactions
July 31 - Charitable Gift Strategies
August 2024
August 8 - The DNA of Schedule C
August 13 - Short Term Rentals
August 14 - Popular Tax Breaks and Deductions
- IRS Revenue Bulletin: 2023-48
- Schedule 1 (2024)
- Schedule A – Itemized Deductions
- Publication 519 (2023) – U.S. Tax Guide for Aliens
- Publication 596 – Earned Income Credit
- Publication 503 – Child & Dependent Care Expenses
- Publication 970 – Tax Benefits of Education
- Article: About 16 Million Children in Low-Income Families Would Gain in First Year of Bipartisan Child Tax Credit Expansion
- Draft Tax Forms
August 15 - 1031 Exchanges
- IRS Publication (2023) – Sales and other dispositions of assets
- Section 1031
- Form 8824 Like-Kind Exchanges
August 20 - Quarterly Tax Update (2024): Part 2
- IRS ERC Withdrawal Program
- IRS claim withdrawal process
- National Taxpayer Advocate, Erin Collins, mid-year report to Congress
- Executive Order on Transforming Federal Customer Experience and Service Delivery to Rebuild Trust in Government
- Social Security to Expand Access to SSI Program by Updating Definition of a Public Assistance Household
- Social Security to Remove Barriers to Accessing SSI Payments
- Social Security to Expand SSI Rental Subsidy Policy
- National Taxpayer Advocate’s 2023 Annual Report to Congress
- Taxpayer Advocate Service’s (TAS’s) plans to increase awareness of the risks related to the lack of federal oversight for paid return preparers.
- IRS Cannabis industry FAQs
- IRS Cannabis industry other information
- IRS announced a new effort focused on high-income taxpayers
- IRS announced a new series of steps to combat abusive partnership transactions
- IRS announced plans to begin dozens of audits involving personal use of business aircraft
- The transferability provisions of the Inflation Reduction Act
- IRS has warned taxpayers not to fall for scams (Fuel Tax Credit, Sick and Family Leave Credit, etc.)
- IRS FAQs on Tax Credits for Paid Leave
- Form 14242 – Report Suspected Abusive Tax Promotions or Preparers
August 21 - Updated Retirement Contributions & Distributions
August 22 - Ethics: Part 1
August 22 - Ethics: Part 2
September 2024
September 10 - Ethics: Part 3
September 10 - Ethics: Part 4
- Guidance on Restrictions during suspension or disbarment from practice
- About Form 8821, Tax Information Authorization
September 11 - Taking off the gloves: What to Expect in US Tax Court
September 18, 20, 24 & 26 - Fall Topical Income Tax Update - SEMINAR
#1 - Overview New Tax Laws & Updates:
- Notice 2022-53
- Notice 2023-54
- IRS definitions: primary residence
- Frequently asked questions about energy efficient home improvements and residential clean energy property credits
- Energy Star requirements
- The home energy audit must:
- Department of Energy certification programs for the Energy Efficient Home Improvement Credit (§ 25C)
- Notice 2023-59
- qualify through other efficiency criteria
- Notice 2013-70, IRB 2013-47
- Publication 5866, New Clean Vehicle Tax Credit Checklist
- Publication 5905, Information for Consumers Purchasing a New or Used Clean Vehicle
- Find information on credits for used clean vehicles
- Find information on credits for qualified commercial clean vehicles
- Find information on credits for new plug-in EVs purchased before 2023
#2 - Other Tax Law Topics:
- Notice 2014-7
- See Stromme v. Commissioner, 138 T.C. 213, 218 (2012), citing Dobra v. Commissioner, 111 T.C. 339 (1998)
- Medicare Waiver Payments
- Tax Exempt Organization Search list – IRS
- Streamline Retroactive Revocation Process – IRS
- Form 1023, Form 1023-EZ, Form 1024 or Form 1024-A with appropriate user fee
- Form 1120, U.S. Corporation Income Tax Return within tax year
- Form 1041, U.S. Income Tax Return for Estates and Trusts within tax year
- Publication 78
- FAQs – Automatic revocation of exemption for non-filing
- Flora v. United States, 362 U.S. 145
- Rev. Rul. 2004-34, Rev. Rul. 2006-17, Shultz v. IRS, Rev. Rul. 2004-29
- The IRS has created a special withdrawal program for those with pending claims
- It is important for taxpayers to understand why they received a Form 1099-K, then use the form
- if they received a Form 1099-K but shouldn’t have
- Notice 2023-74
- Form 1099-K, Payment Card and Third-Party Network Transactions
- offer in compromise
- Form 13711, Request for Appeal of Offer in Compromise
- send a letter to the IRS with certain information about their situation
- Form 656, Offer in Compromise
- Form 433-B (OIC), Collection Information Statement for Businesses
- Form 433-A (OIC), Collection Information Statement for Wage Earners and Self-Employed Individuals
- Administration’s proposed FY 2025 budget
- Rev. Proc. 2024-28 – Allocate Basis in Digital Assets
- IRS Static Files Directory
#3 - Form 709 - Gift Tax Return:
#4 - IRS Fall Notices 2024:
- Small Business toolkit – FinCEN
- FinCEN BIO-FAQs
- Letter 6173 – Virtual Currency
- Notice CP25T – Adjustment of Estimated Tax Payments
- Notice CP40 – Assignment to Collection Agency
- Notice CP561C – Child’s Expired ATIN
- Notice CP563 – Child’s Expired ATIN
- Notice CP59 – Non-Filer Notice
- Notice CP16T – Changes to Return (Overpayment or Error)
- Letter 6018-B – Confirming Representation
- Letter 6018 – Confirming Representation
- Notice CP523H – Termination of Installment Agreement
- Forms and Publications about appeal rights
- Form 9423 – Collection Appeal Request
- Form 2848 – Power of Attorney
- Notice CP14I – RMD not Taken
- Notice CP48 – Renew ITIN
- Notice CP291 – Termination of a ESBT
- Notice CP45 – Overpayment Not Applied
- Letter 2531 – Matching Notice
- Letter 2030 – Matching Notice
- Notice CP01S with Form 14039
- Notice CP301 – Client Accessing IRS Account
- Notice CP08 – Additional Child Tax Credit
- Notice CP53 – Cannot Honor Direct Deposit
- Notice CP153 – Cannot Direct Deposit Refund
- Notice CP53B – Cannot Direct Deposit Refund
- Notice CP248 – Must Make Federal Tax Deposits Electronically
- Notice CP148A – Notice of Change of Address
- Notice CP148B – Notice of Change of Address
- Notice CP508C – Passport Notification
- Notice CP508R – Passport Notification
- Notice CP238 – No Penalty for Late FTD Payments
- Notice CP235 – Change in Deposit Requirements
- Notice CP60 – Misapplied Payment
- Notice CP231 – Refund Returned to IRS
- Notice CP547 – CAF Number Assigned
- Notice CP264 – S Election Not Approved
- Notice CP279 – Parent S Corporation Election Accepted
- Notice CP261 – S Corporation Election Accepted
- Notice CP91 – Levy Notification (SS Benefits)
- Notice CP3219N – Notice of Deficiency
- Guidance for Petitioners: Starting a Case
- Notice CP79B – Denial of Credits
- Notice CP01H – Deceased Individual (Filed – Lock Notification)
- Notice LP60 – Information Requested for a Deceased Taxpayer
- Notice CP39 – Application of Overpayment
- Notice CP259 – Client Failed to File Form 941
- Notice CP04 – Military Dates of Service
- IRS Static File Directory
- Clean Vehicle Credits
- Notice CP504B – “Wake up Call”
- Notice CP51A – Language
#5 - Ethics for the Tax Professional:
#6 - Keeping Client Data Secure:
- Template – Start a Security Plan
- Safeguarding Taxpayer Data – IRS Pub. 4557
- Complete Checklist – Data Theft Information for Tax Professionals
- IRS Stakeholder Liaison local contacts
Additional Speaker Links:
- Processing Status for tax forms – IRS
- Section 9 – Notices and Notice Codes
- IR-2024-203 – IRS moves forward with Employee Retention Credit claims
- Understanding Letter 105 C – Disallowance of the Employee Retention Credit
- Earned Income Tax Credit (EITC) Assistant – IRS
- Forms 886 Can Assist You
October 2024
October 2 - Fall Topical Income Tax Update – SEMINAR
#1 – Overview New Tax Laws & Updates:
- Notice 2022-53
- Notice 2023-54
- IRS definitions: primary residence
- Frequently asked questions about energy efficient home improvements and residential clean energy property credits
- Energy Star requirements
- The home energy audit must:
- Department of Energy certification programs for the Energy Efficient Home Improvement Credit (§ 25C)
- Notice 2023-59
- qualify through other efficiency criteria
- Notice 2013-70, IRB 2013-47
- Publication 5866, New Clean Vehicle Tax Credit Checklist
- Publication 5905, Information for Consumers Purchasing a New or Used Clean Vehicle
- Find information on credits for used clean vehicles
- Find information on credits for qualified commercial clean vehicles
- Find information on credits for new plug-in EVs purchased before 2023
#2 – Other Tax Law Topics:
- Notice 2014-7
- See Stromme v. Commissioner, 138 T.C. 213, 218 (2012), citing Dobra v. Commissioner, 111 T.C. 339 (1998)
- Medicare Waiver Payments
- Tax Exempt Organization Search list – IRS
- Streamline Retroactive Revocation Process – IRS
- Form 1023, Form 1023-EZ, Form 1024 or Form 1024-A with appropriate user fee
- Form 1120, U.S. Corporation Income Tax Return within tax year
- Form 1041, U.S. Income Tax Return for Estates and Trusts within tax year
- Publication 78
- FAQs – Automatic revocation of exemption for non-filing
- Flora v. United States, 362 U.S. 145
- Rev. Rul. 2004-34, Rev. Rul. 2006-17, Shultz v. IRS, Rev. Rul. 2004-29
- The IRS has created a special withdrawal program for those with pending claims
- It is important for taxpayers to understand why they received a Form 1099-K, then use the form
- if they received a Form 1099-K but shouldn’t have
- Notice 2023-74
- Form 1099-K, Payment Card and Third-Party Network Transactions
- offer in compromise
- Form 13711, Request for Appeal of Offer in Compromise
- send a letter to the IRS with certain information about their situation
- Form 656, Offer in Compromise
- Form 433-B (OIC), Collection Information Statement for Businesses
- Form 433-A (OIC), Collection Information Statement for Wage Earners and Self-Employed Individuals
- Administration’s proposed FY 2025 budget
- Rev. Proc. 2024-28 – Allocate Basis in Digital Assets
- IRS Static Files Directory
- Section 9 – Notices and Notice Codes
#3 – Form 709 – Gift Tax Return:
#4 – IRS Fall Notices 2024:
- Small Business toolkit – FinCEN
- FinCEN BIO-FAQs
- Letter 6173 – Virtual Currency
- Notice CP25T – Adjustment of Estimated Tax Payments
- Notice CP40 – Assignment to Collection Agency
- Notice CP561C – Child’s Expired ATIN
- Notice CP563 – Child’s Expired ATIN
- Notice CP59 – Non-Filer Notice
- Notice CP16T – Changes to Return (Overpayment or Error)
- Letter 6018-B – Confirming Representation
- Letter 6018 – Confirming Representation
- Notice CP523H – Termination of Installment Agreement
- Forms and Publications about appeal rights
- Form 9423 – Collection Appeal Request
- Form 2848 – Power of Attorney
- Notice CP14I – RMD not Taken
- Notice CP48 – Renew ITIN
- Notice CP291 – Termination of a ESBT
- Notice CP45 – Overpayment Not Applied
- Letter 2531 – Matching Notice
- Letter 2030 – Matching Notice
- Notice CP01S with Form 14039
- Notice CP301 – Client Accessing IRS Account
- Notice CP08 – Additional Child Tax Credit
- Notice CP53 – Cannot Honor Direct Deposit
- Notice CP153 – Cannot Direct Deposit Refund
- Notice CP53B – Cannot Direct Deposit Refund
- Notice CP248 – Must Make Federal Tax Deposits Electronically
- Notice CP148A – Notice of Change of Address
- Notice CP148B – Notice of Change of Address
- Notice CP508C – Passport Notification
- Notice CP508R – Passport Notification
- Notice CP238 – No Penalty for Late FTD Payments
- Notice CP235 – Change in Deposit Requirements
- Notice CP60 – Misapplied Payment
- Notice CP231 – Refund Returned to IRS
- Notice CP547 – CAF Number Assigned
- Notice CP264 – S Election Not Approved
- Notice CP279 – Parent S Corporation Election Accepted
- Notice CP261 – S Corporation Election Accepted
- Notice CP91 – Levy Notification (SS Benefits)
- Notice CP3219N – Notice of Deficiency
- Guidance for Petitioners: Starting a Case
- Notice CP79B – Denial of Credits
- Notice CP01H – Deceased Individual (Filed – Lock Notification)
- Notice LP60 – Information Requested for a Deceased Taxpayer
- Notice CP39 – Application of Overpayment
- Notice CP259 – Client Failed to File Form 941
- Notice CP04 – Military Dates of Service
- IRS Static File Directory
- Clean Vehicle Credits
- Notice CP504B – “Wake up Call”
- Notice CP51A – Language
#5 – Ethics for the Tax Professional:
#6 – Keeping Client Data Secure:
- Template – Start a Security Plan
- Safeguarding Taxpayer Data – IRS Pub. 4557
- Complete Checklist – Data Theft Information for Tax Professionals
- IRS Stakeholder Liaison local contacts
Additional Speaker Links:
- Processing Status for tax forms – IRS
- Section 9 – Notices and Notice Codes
- IR-2024-203 – IRS moves forward with Employee Retention Credit claims
- Understanding Letter 105 C – Disallowance of the Employee Retention Credit
- Earned Income Tax Credit (EITC) Assistant – IRS
- Forms 886 Can Assist You
- Form 7217 Draft – Partner’s Report of Property Distributed by a Partnership
October 8 - Ethics: Part 1
- Form 14242, Report Suspected Abusive Tax Promotions or Preparers contains a questionnaire that should be used to record informant contacts and to facilitate referrals to the:
- Internal Revenue Service Abusive Schemes Lead Development Center. Online referrals can also be made using the Form 14242, Document Upload Tool
- Considerations for IRS Examinations of ERC Claims
- Guidance on the Employee Retention Credit under Section 3134
- Form 15434 – Application for Second Employee Retention Credit (ERC) Voluntary Disclosure Program – IRS (Tax Institute link – in case of PDF reading error)
October 8 - Ethics: Part 2
October 9 - Gift Tax Reporting on Form 709
- Form 709 – IRS
- Publication 551, Basis of Assets – IRS
October 16 - The Fifth Amendment & Offshore Audits
- Act of Producing Documents in Response to a Subpoena (Fisher v. United States, 425 U.S. 391 (1976))
- United States v. Hubbell, 530 U.S. 27 (2000) – Whitewater case
- Privilege applies only to compelled testimony (Couch v. United States, 409 U.S. 322 (1973))
- Braswell v. United States, 487 U.S. 99 (1988)
- FinCEN Form 114
- United States v. Greenfield, No. 15-543 (2d Cir. 2016) narrowed the scope of the required records production.
October 17 - Employee vs Independent Contractor
- Weber v. Commissioner, 103 T.C. 378, 387 (1994)
- Kumpel v. Commissioner, T.C. Memo 2003-265
- Dynamex Operations West vs. Superior Court (California)
- Chief Counsel Advice 201710027
- Legal advice issued by associate chief counsel – IRS
- Chief Counsel Advice 201808016
- Q.D.-A., Inc. v. Indiana Dept of Workforce 114 N.E. 3d 840 (Ind. 2019)
- Ward vs. Tilly’s Inc (California Industrial Welfare Commission)
- Form 4669
- IRC Section 3402
- Mescalero Apache Tribe v. Commissioner, 148TC No. 11(April 5, 2017)
- VCSP FAQ # 16
October 23 - Tax Implications of the Gig Economy
- Notice 2023 – 10 – IRS
- IRS announces delay in Form 1099-K reporting threshold for third party platform payments in 2023
- Notice 2024 – 74 – IRS
- Gig Economy tax center
- Important Tax Guidelines for Online Crowdfunding
- Tax Time Guide (March 2024): Reporting Digital Asset Transactions, Gig Economy Income, Foreign Source Income and Assets
- Hobby vs. Business
- Info to Help Gig Economy Workers w/their Tax Responsibilities
- Understanding your form 1099-K
- What to do with Form 1099-K
- IRS Form 1099-K Myths vs Facts
October 24 - Hobby Loss
- IRC Section 183
- Fact Sheet – IRS News
- USC 139 – Disaster Relief Payments (narrative)
- Treasury Regulations § 1.183-2(b)
- Jackson v. Commissioner 59 T.C. 312,317 (1972)
- Gary M. Schwarz and Marlee Schwarz v. Commissioner T.C. Memo 2024-55, May 13, 2024
- Jessica Walters, et ux., et al. v. Commissioner, T.C. Memo 2022-17, March 7, 2022
- Roberts v. Comm. (CA7, 4/10/2016) 117 AFTR 2d 2016-1351
- Carson v. Commissioner, No. 23086-21S (T.C. 2023)
October 30 - Overview of Form 1040
- Form 1040 – 2023
- New 2024 Tax Brackets
- Disaster Tax Relief Information & Resources
- Earned Income Tax Credit
- Tax Reform
- Fact Sheets
- IRS Current Tax Tips
- IRS Guidance
- Bonus Section
- Secure 2.0 developments and guidance for 2024
- Major tax changes in 2026
- Tax planning for the TCJA’s sunset
- Revenue Procedure 2024-31
- Energy Efficient Home Improvement Credit (EEHIC)
- Pub. 5967 – Energy Efficient Home Improvement Credit (25C)
- Pub. 5976 – How to claim an EEHIC residential energy property
- Pub. 5978 – How to claim an EEHIC home energy audit
- Pub. 5979 – How to claim an EEHIC exterior doors, windows
- Fast Facts & Figures about Social Security (2024)
- Social Security OACT Facts (6/24)
- Social Security Fact Sheet – Important for Women
- Taxpayer Data Protection Act (HR 8292)
- Chronic Disease Flexible Coverage Act (HR 3800)
- VSO Equal Tax Treatment (VETT) Act (HR 1432)
- Social Security Fairness Act (HR 82)
October 31 - Trusts and Estates: Part 1
- IRS Publication 559
- Form 56 – Notice Concerning Fiduciary Relationship
- Structure of IRC Subchapter J – Part I & II
- USC 6012 – Persons required to make returns of income
- Power of Appointment – IRC 2041
- Wandry v. Commission (TC Memo 2012-88)
- Three Tax Court cases approving the Wandry strategy. Christiansen (8th Circuit); Petter (9th Circuit); and Hendrix (5th Circuit)
- Trust is valid under state law (Treas Regs §1.401(a)(9)-4, Q&A 5(b)(1))
- IRC 643 – Distributable Net Income
- Treas Regs §1.643(a)-3(b)
- “65-day rule” – IRC §663(b)(1)
- Treas. Regs §1.663(c)-5
- Form 8855 – Election To Treat a Qualified Revocable Trust as Part of an Estate
November 2024
November 6 - Trusts and Estates: Part 2
- IRC §67(g) – Effect on Trusts & Estates
- Treas Regs §1.642(h)-2
- Treas Regs §1.652(b)-3
- IRC §642(h)(2)
- IRC §67(e) – Determination of adjusted gross income in case of trusts & estates
- IRC §62(a)(4) – Adj gross income defined
- Schedule K-1 (Form 1041)
- IRC §172(b)(3) – FAQs on carrybacks of NOLs
- IRC §691 – Income with respect of a decedent
- IRC §643(e) – Election to recognize gain/loss
- IRC §673 – Reversionary interests
- IRC §674 – Power to control beneficial enjoyment
- IRC §675 – Administrative powers
- IRC §676 – Power to revoke
- IRC §677 – Income for benefit of grantor
- IRC §678 – Person other than grantor treated as substantial owner
- IRC §679 – Foreign trusts having one or more United States beneficiaries
- Fiduciary Accounting Income (Treas. Regs. §1.671-2(b))
- IRC §4947(a)(1) – General Explanation of Trusts
- Form 1041 (2023)
- IRC Sec. 642(g) and Regulation 1.642(g)-1
- IRC Sec. 2053 – Deduction of interest expense
- CRTs in Rev Proc 2003-53 through Rev Proc 2003-60 (CRAT)
- Treas Regs §1.664-2(b)
- the IRC §7520 interest rates
- DSUE Portability Relief under Revenue Procedure 2022-32 supersedes simplified late election under Rev. Proc. 2017-34
November 7 - Understanding Financial Statements for Schedule C’s, S Corps & Partnerships
- Statement of Equity: Owner’s Equity (Sch C), Partner Equity (1065), Shareholder Equity (1120S)
- Section 179 Deduction – Special Depreciation Allowance • MACRS • Listed Property
November 12 - Ethics: Part 3
November 12 - Ethics: Part 4
- Form 2848
- Review Circular 230, § 10.61(b)(1) – Voluntary sanction
- Review Circular 230, § 10.50 – Sanctions
- Review Circular 230, Sections 10.60-10.76 – Rules applicable to Disciplinary Proceedings
- Guidance on Restrictions during suspension or disbarment from practice
- About Form 8821, Tax Information Authorization
- Review Circular 230, Section 10.77 – Appeal of decision of Administrative Law Judge
- § 6700 – Promoting abusive tax shelters
- § 6701 – Aiding and abetting understatement of a tax liability
- § 7407 – Injunction of a tax return preparer
- § 7408 – Injunction for specified conduct relating to tax shelters
- § 6662 – Accuracy related penalty
- § 6694(a) – Understatement of liability due to an unreasonable position
- § 6695 – (a) Failure to furnish copy of return
- § 6702 – Frivolous tax returns or submissions
November 13 - Various Form 1099s
- Form 1099-DA
- Form 1099-NEC
- Form 1099-MISC
- Form 1099-R
- Form 1099-SA
- Form 1099-DIV
- Form 1099-INT
- Form 1099-B
- Form 1099-A
- Form 1099-C
- Form 1099-G
- Form 1099-LTC
- Form 1099-OID
- Form 1099-PATR
- Form 1099-Q
- Form 1099-S
- Revised Timeline Regarding Implementation of Amended Section 6050W(e) – Notice 2023-10
- IRS announces delay in Form 1099-K reporting
- Form 1099-K
- About General Instructions for Certain Information Returns
November 14 - Quarterly Tax Update 2024: Part 3
- HR 190 – Saving Gig Economy Taxpayers Act.
- SECURE 2.0 developments and guidance for 2024
- Major tax changes in 2026
- Tax planning for the TCJA’s sunset
- Revenue Procedure 2024-31 and proposed regulations to provide guidance for the Energy Efficient Home Improvement Credit
- Publication 5967, Energy Efficient Home Improvement Credit (25C)
- Publication 5976, How to claim an Energy Efficient Home Improvement tax credit residential energy property
- Publication 5978, How to claim an Energy Efficient Home Improvement tax credit home energy audit
- Publication 5979, How to claim an Energy Efficient Home Improvement tax credit exterior doors, windows, skylights and insulation materials
- Letter to DOJ to investigate tax preparation companies
- TIGTA audit report (Sept 24)
- Form W-12, IRS Paid Preparer Tax Identification Number (PTIN) Application and Renewal with instructions PDF
- Various tax scams claiming their tax refund
- Trump Tax Plan ideas (TaxFoundation.org)
- Social Security Fast Facts & Figures
- Social Security Program Fact Sheet
- Social Security is important to Women
- States sending tax rebate, ‘stimulus checks‘
- Taxpayer Data Protection Act ( H.R.8292 )
- Chronic Disease Flexible Coverage Act ( H.R. 3800
- VSO Equal Tax Treatment (VETT) Act ( H.R. 1432
- Social Security Fairness Act ( H.R. 82 )
November 19 - S Corp Basis (Form 7203) and Partnership Basis
- Form 6198 (PDF) – At-Risk Limitations
- Schedule K-1 (Form 1120-S)
- Form 7217 – Partner’s Report of Property Distributed by Partnership
- IRC Regulation 1.1367-1(g)
- § 1.1367-1(g) election – IRS Publication
- Determining basis of Partnership Interests – § 1.705-1
November 20 - Demystifying the FBAR
- Cook v. Tait, 265 U.S. 47 (1924)
- Bank Secrecy Act
- Duck Test for the FBAR
- 26 U.S.C. § 7701(b) – Residency Test
- (Hom, 45 F. Supp. 3d 175 (N.D. Cal. 2014)
- 31 C.F.R. Section 103.24
- 31 U.S.C. Section 5312(a)(2)(R)
- Form 114a, Record of Authorization to Electronically File FBARs
- Form 3520, Annual Return to Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts
- United States v. Bussey, 942 F.2d 1241, 1428 (8th Cir. 1992)
- Form TD F 90-22.1 [FBAR]
- IRC § 6048, IRC § 6039F
- Form 926, IRC § 6038B
- Form 3520-A, IRC § 6048(b)
- Form 5471, IRC § 6035, IRC § 6046
- Form 5472
- Form 8865
- Form 8938
- Moore v. United States
November 21 - SECURE 1.0 and 2.0 Acts
- SECURE 1.0 – §201
- Dept. of Labor – Form 5500 Series
- Final RMD Regulations
- 10-Year RMD Rule Background
- SECURE Act 1.0 §§ 114 and 401
- Year of Death RMDs
- SECURE 2.0 – §307
- IRC §170(f)
- Pension Protection Act
- SECURE 2.0 – §332
- IRC §72(t)(6)(B)
- IRC §408(d)(3)(G)
- IRC §408(p)(11)(B)
- SECURE 2.0 – §126
- IRC §529
- SECURE 2.0 – §102
- Form 8881 – Credit for Small Employer Pension Plan startup
- SECURE 2.0 – §109
- SECURE 2.0 – §327
December 2024
December 3, 6, 10, 11, & 13 - Year-End Federal Tax Update - SEMINAR
#1 - Federal Tax Law Updates, CTA updates, RMDs, Estates and Trusts
- Revenue Procedure 2024-40
- § 179 maximum deduction
- First-Time Abatement Program
- FTA Case Law:
- Moore v. U.S., No. 22-800 (Decided June 20, 2024)
- Loper Bright Enterprises v. Raimondo (No. 22-451, U.S. June 28, 2024)
- Chevron Doctrine (Chevron USA, Inc v. Natural Resources Defense Council, 1984 Supreme Court Case)
- Betty Amos vs. Commissioner of IRS, US Tax Court 4331-18
- Jurries, TC Summary Opinion 2024-6, May 22, 2024
- Wayne Lee vs. US of America, 11th Circuit, No. 22-10793 (October 24, 2023)
- Wright v. Commissioner of Internal Revenue, T.C. Summary Opinion 2024-9 (June 10, 2024)
- Texas Court Blocks CTA Enforcement (PDF – 12.05.24 AICPA Special on BOI Reporting Halt)
- DEA reclassifying marijuana IR 2024-177
- IR 2024-65 – Beware of companies misrepresenting nutrition, wellness and general health expenses
- Case Law:
- National Small Business United v. Yellen
- Gargasz v. Yellen (Ohio)
- Boyle v. Yellen (Maine)
- Small Business Association of Michigan v. Yellen (Michigan)
- Texas Top Copy Shop v. Garland (Texas)
- Black Economic Council of Massachusetts, Inc. v. Yellen (Massachusetts)
- Firestone et al v. Yellen (Oregon)
- Taylor v. Yellen (Utah)
- Community Associations Institute, et al v. Janet Hellen (Virginia)
- Final RMD Regulations
- 10-Year RMD Rule Background
- SECURE Act 1.0 §§ 114 and 401
- “Year of Death” RMDs
- Charitable documentation requirements – IRC §170(f)
- Pension Protection Act
- SECURE 2.0 – §126
- Limited IRC §529 Plan Transfers to ROTH IRA
- SECURE 2.0 – §109
- SECURE 2.0 – §327
- Rev. Proc. 2017-34
- Revenue Procedure 2022-32
- Form 706
- Elect Portability Under IRC §2010(c)(5)(A)
- IRC §6511(a)
- IRC §645
- IRC §1014(f)
- IRC §6035
- IRC §2053
- TD 9991 Final Regulation
- IRS Notice 2024-54
- REG-124593-23, 89 Fed. Reg. 51476
- Revenue Ruling 2024-14
- Revenue Ruling 2023-2
- Landmark transferee liability decision – Estate of Paulson (68 F.4th 528 (9th Cir. 2023))
- Life insurance valuation issues – DeMatteo (No. 3634-21 (T.C. 2/22/24 – stipulated decision)
- Connelly, Executor of Estate Connelly v. US, Supreme Court No 23-146 (June 6, 2024)
- CCA 202352018
- Estate of Anenberg (162 T.C. No. 9 (2024))
#2 - S Corporation (Form 7203) and Partnership Basis & BBA Issues
- Regulations § 1.752-1(a)(4)
- Form 6198 – At-Risk Limitations
- Schedule K-1 (Form 1120-S)
- IRC Regulation 1.1367-1(g)
- § 1.1367-1(g) election – The Tax Advisor
#3 - Overview of Virtual Currency (Form 1099-DA)
- 12/5/24 UPDATED FORM – Form 1099-DA
- Digital Token Identifier (Registry Search)
- Blockchain Explorer (website) – used to establish FMV of the asset at a specific date/time.
- IRS Notice 2023-27
- About IRS Written Determinations
- CCA 202035011
- CCA 202114020
- CCA 202124008
- CCA 202302011
- CCA 202302012
- CCA 202316008
- TD 10000
- IRS Memorandum #202302012
- Treas Regs §1.170A-17
- Rev Proc 2024-28, 2024-31 IRB 1
- FinCEN Notice 2020-2
- Report of Cash Payments over $10k – Form 8300
- Notice 2024-56
- Notice 2024-57
#4 - Tax Implications of House Flipping
- IRC §1221
- IRC §1237
- IRC § 212
- IRC § 162
- Commissioner v. Groetzinger, 480 U.S. 23, 35 (1987)
- Taxpayer Advocate Service – 2019 Annual Report to Congress
- IRC §183
- Holsinger v. Commissioner, T.C. Memo 2008–191
- Doggett v. Burnet, 65 F.2d 191 (D.C. Cir. 1933), rev’g 23 B.T.A. 744 (1931).
- Revenue Ruling 73-522, 1973-2 C.B. 226
- Neill v. Commissioner, 46 B.T. A. 197 (B.T.A. 1942)
- Issachar & Rachel Ohana v. Commissioner, T.C. Memo 2014-83
- Nathan D Goldberg and S.E. Wood, Jr. v. Commissioner of Internal Revenue, 223 F.2d 709 (5th Cir. 1955)
- IRC § 263(a)(1) and Treas. Reg. § 1.263(a)-1
- Revenue Ruling 66-247
- IRC § 121
- IRC § 1001
- Dealer – Schedule C, Form 1065, Form 1120S, Form 1120
- Investor – Form 8949, Form 4797, Schedule D
#5 - Ethics
- Written Information Security Plan “WISP” (Pub 5708)
- How to create a WISP (Pub 5709)
- Safeguarding Taxpayer Data (Pub 4557)
- ABA Formal Ethics Opinion 483
- Code of Professional Conduct ET 1.700.001
- AICPA Statements on Standards for Tax Services No. 1.3
- (NAEA) Code of Ethics 4
- IRS Information Center (§ 7216)
- Treasury Circular No. 230
- Health Information Privacy
- NATP’s Standards of Practice
#6 - Prepare Your Client for 2025, Ask the Expert
- Residential Energy Credits (Form 5695)
- Application for Employer Identification Number (Form SS-4)
- New Guide to business expense resources (IRS Publication) – old Publication 535
- New Form 7217 – Partner’s Report of Property Distributed by a Partnership
- Once the § 732 basis rules come into play, there may still be unanticipated complications in the form of § 732(d)
- Don’t forget the Mandatory Application of § 732(d)
December 17 - Penalty Abatement
- Agenda:
- Penalty Administration:
- Reasonable Cause:
- FTA:
- Criteria for Relief:
- §10.34 – Standards with Respect to Tax Returns
- Wells Fargo & Company, 119AFTR 2d 2017-1976 (DC MN 2017)
- Reasonable Cause:
- IRM 20.1.1.3.2 (11-21-2017) – Exercise ordinary business care
- IRM 20.1.1.3.2.2 (02-22-2008) – Ordinary Business Care
- Simonsen (2018) – “Good Faith” on behalf of taxpayers
- IRM 20.1.1.3.2.2.1 (11-25-2011) – Death, Serious Illness
- IRM 20.1.1.3.2.2.2 (10-19-2020) & IRM 20.1.1.3.3.5 (10-19-2020) – Fire, Casualty
- IRM 20.1.1.3.2.2.3 (12-11-2009) – Unable to obtain records
- IRM 20.1.1.3.2.2.4 (12-11-2009) – Mistake was made
- IRM 20.1.1.3.2.2.5 (11-21-2017) – Erroneous Advice
- IRM 20.1.1.3.2.2.6 (11-25-2011) – Ignorance of the law
- IRM 20.1.1.3.3.3 (08-05-2014) – Undue Hardship
- IRM 20.1.1.3.3.4 (08-05-2014) – Advice
- Written Advice form the IRS – IRM 20.1.1.3.3.4.1 (11-25-2011)
- Oral Advice form the IRS – IRM 20.1.1.3.3.4.2 (12-11-2009)
- Advice from a Tax Advisor – IRM 20.1.1.3.3.4.3 (11-21-2017)
- Subsequent Requests for Penalty Relief – IRM 20.1.1.3.5.1 (10-19-2020)
- Treasury Regulations 1.6664-4
- Authorities:
- §6651(a)(1) – Failure to File
- §6651(a)(2) – Failure to Pay
- §6721 – Failure to File Correct Information Reporting Returns
- §6722 – Failure to File Furnish Correct Payee Statements
- §6723 – Failure to comply with Other Information Reporting
- Accuracy-Related Penalties – Treas. Reg. §1.6664-4
- Failure to File a Tax Return and/or Failure to Pay tax penalties – Treas. Reg. §301.6651-1(c)
- Failure to Deposit Penalty – Treas. Reg. §301.6656-1(b); Treasury Decision 8947
- Information Return Penalties – Treas. Reg. §301.6723-1(A)(d) & Treas. Reg. §301-6724-1
- Prepare/Promoter Penalties – Treas. Reg. §1.6694-2(e)(1)-(6) & Treas. Reg. §301.6707-1T Q&A (4)
- Resources:
- Treas. Reg. 301.6724-1 – Reasonable Cause
- IRC 6724 – Waiver; Definitions and Special Rules
- IRM 20.1.1 – Introduction and Penalty Relief
- IRM 20.1.5 – Return Related Penalties
- IRC 6662 -Imposition of Accuracy-related Penalty on Underpayments
- Treasury Regulations §301.6651-1 – Showing of Reasonable Cause in FTF and FTP situations
- IRM 20.1.2.2.4.1 (07-18-2016) – late filing and paying taxpayer
- Regulations §301.6651-1(c) – Failure to Pay
- Case Law:
- Supreme Court – United States v. Boyle, 469 U.S. 241 (1985)
- Intress v. United States, Dkt. No. 3:18-cv-00851 (M.D. Tenn. 2019)
- Wayne Lee vs. US of America, 11th Circuit, No. 22-10793 (October 24, 2023)
- Elstein v. Commissioner, T.C. Summary 2022-14
- Tracy, TC Summ. Op. 2023-30
- Corbin & Dorice McNeill V. Comm., Wyoming DC, 14-CV-172-F, Feb 24, 2017
- Penalty under IRC § 6698 for Late Filing of Partnership Tax Return Relief.
- Used by taxpayers and tax return preparers to disclose items or positions (Form 8275), and those taken contrary to a regulation (Form 8275-R)
December 18 - Ethics: Part 1
- Tax Gap – Publication 5869 – The Effect of Information Reporting on Tax Compliance
- OPR Issue 2023-02 – Professional Responsibility and the ERC
- Diligence as to Accuracy § 10.22(a) of Circular 230
- For purposes of exercising due diligence, § 10.34(d) allows a practitioner to generally rely in good faith and without verification..
- ..the practitioner must, under § 10.21, promptly inform the client of the noncompliance, error..
- Unreasonable Position – §6662(d)(2)(B)(ii)(I)
- ..a practitioner must also inform the client of any opportunity to avoid penalties through adequate disclosure by, for example, filing Form 8275, Disclosure Statement..
- Written Advice.. a related provision- § 10.37(a)(3) concerning written advice provided by a practitioner
- Form 14242, Report Suspected Abusive Tax Promotions or Preparers contains a questionnaire that should be used to record informant contacts and to facilitate referrals to the:
- Internal Revenue Service Abusive Schemes Lead Development Center. Online referrals can also be made using the Form 14242, Document Upload Tool
- Consideration for IRS Examinations of ERC Claims
December 18 - Ethics: Part 2
- Due Diligence § 10.22 – All tax preparers are required to exercise due diligence.
- Form 13614-C – Intake/Interview and Quality Review Sheet
- NEW – IP Pin for 2025 Tax Filing Season
