Product Description In this course the instructor explains the tax rules regarding disasters including federally declared disaster areas, filing extensions, casualty loss deductions and income exclusions. This course includes the 12/12/2024 Disaster Bill Course Objectives Upon completion of this course you should have a greater understanding of gains and losses in the event of a qualified Continue reading "Disaster Losses Webinar"...

Product Description This course begins with an overview of installment sales. It then covers new gross profit percentages when sales prices are reduced in future years as well as the specific forms that may be included in a taxpayer’s return. It concludes with a number of problems and issues that may arise with installment sales. Continue reading "Installment Sales & Repos Webinar"...

Product Description The course begins with definitions of influencers, hobby/business differentiation and proving profit motive. It then discusses income sources and overlooked income items, followed by discussion of expenses unique to influencers. It then analyzes entity choices and unexpected issues, concluding with 5 case studies. Course Objectives At the conclusion of this class the student Continue reading "Influencer Tax Issues Webinar"...

Product Description A complete discussion of basis for S corporation and partnership owners. We discuss why it is needed, how it is calculated, new Form 7203, ordering rules for income, losses and non-deductible items, the effects of PP loans and forgiveness on basis, and the special Sec. 754 step-up basis election. Course Objectives Upon completion Continue reading "Basis – S Corps & Partnerships Webinar"...

Product Description State income and sales tax have a direct impact upon federal income tax and itemized deductions. This course examines how states utilize federal guidelines to impose local tax. Course Objectives The objective of this course is for the student to understand and apply nexus rules for determining when state sales tax and state Continue reading "Nexus – Sales & Income Tax Webinar"...

Product Description A complete review of employer requirements to provide, comply, deduct and subject to tax all major qualified fringe benefits. Course Objectives Congress has established many qualified fringe benefits in the last 70 years. This course provides the student with an explanation of each, discusses compliance and reporting rules and employer deductions for all of Continue reading "Healthcare and Other Fringe Benefits Webinar"...