Ethics Part 4
Build on foundational ethical principles, delving deeper into the practical application of ethics in tax practice. Participants will explore advanced topics, including handling situations involving client noncompliance, managing disputes with taxing authorities, and addressing emerging ethical challenges in a digital environment. The course emphasizes strategies for maintaining professional integrity while navigating complex scenarios in accordance […]
Form 706 / 709 Unlock – Estate Planning and Portability
Provides a comprehensive overview of estate planning strategies using Form 706 and Form 709, with a focus on portability and gift tax considerations. Participants will learn how to properly report estate and gift transfers, apply the deceased spousal unused exclusion (DSUE), and navigate key compliance requirements. The course emphasizes tax-saving strategies, proper election of portability, […]
Charitable Contributions Compliance
What must we make sure our clients have in their possession before they take that Charitable Deduction. What are the compliance responsibilities? Join us as we review the necessary documentation needed as well as the QCD issue.
Ethics Part 3
An introduction to ethical standards in tax practice, focusing on the responsibilities of tax professionals under Circular 230 and the AICPA Statements on Standards for Tax Services (SSTS). Participants will learn to identify potential conflicts of interest, maintain client confidentiality, and avoid conduct that could result in penalties or disciplinary actions. The course emphasizes the […]
Ministers/Amish/Mennonite Tax Issues
Overview of tax law that has an impact on Ministers which have special tax provisions as well as special religious organizations such as the Amish and Mennonite populations. We will address issues concerning Ministers and the special rules concerning housing and reporting requirements. For special religious organization we will discuss Earned Income Credit and Child […]
S-Corporation Basis and Form 7203
Basis in an S-Corporation impacts items such as tax ability (or not) of distributions, and deductibility (or not) of corporate losses on personal tax returns. To make this declarations, shareholders must use Form 7203 on individual tax returns. Shareholders need to file this form in most situations, to report their basis in the corporation. Basis […]
Update on Marijuana Tax Issues
Do you have a Marijuana grower or seller. As more states hop on the medical and recreational use, we need to know how to prepare a correct tax return to comply with ยง 280A of the Internal Revenue Code. We will touch on the Department of Justice issues.
