Events

We include both instruction and practice to deliver a thorough comprehension of how to prepare tax returns for S corporations. This involves full guidance through formation rules and elections, plus potential late elections, and terminations (including mid-year issues). We will also cover common operating tax issues encountered with S corps, such as owner fringe benefits, Continue reading "S Corporations A-Z – Rebroadcast"...

This class should enable the student to understand the terminology used in cryptocurrency taxation. It then guides the student through the individual tax aspects of sales, purchases, mining, accepting crypto as business revenue, staking, lending and more.

Congress has established many qualified fringe benefits in the last 70 years. This course provides the student with an explanation of each including the new Trump Savings Account fringe, discusses compliance and reporting rules and employer deductions for all of them including health care, education, child care, cafeteria plans and more.

Upon completion of this course, attendees will be able to identify the different Sections of SSARS, requirements of the ARSC, and characteristics of the new standards for AR-C Sections, including defined terms. .

Upon completion of this course, you should have a greater understanding of the Trump Savings Account including eligibility, deposits, matching deposits, the Form, earnings, withdrawals, and conversions. You will then learn the rules for an employer fringe benefit Trump account and conclude with comparisons of the account to 529 and UGMA accounts.

At the conclusion of this course, the professional will be able to differentiate listed property, luxury auto limits, and other transportation property, the record keeping requirements, issues with employee use of company vehicles and proper reporting of each.

This course reviews all rules for contributions, qualifications, allowable uses, deductions, phaseouts and rollovers for traditional and Roth IRAs.

Upon completion of this course you should be able to explain when Circular 230 applies to a tax professional as well as PTIN requirements.

Upon completion of this course, practitioners will be able to explain the latest business tax law changes to clients and inform them of the various characteristics and implications of the S or C corporation form of business entity and summarize the various tax reporting and compliance requirements.

The Illinois Department of Revenue will be covering changes for the upcoming tax year on Individual Income Tax, Business Income Tax, Withholding Income Tax, Sales Tax, and MyTax Illinois.

Designed to review old rules and explain new rules, this course covers the gamut of current and future tax planning moves for W-2 employees and retirees; estate and gift planning and business owners; good years, bad years and future years; taxpayers and heirs. Complete with pages of checklists, over 50 immediately useful ideas and deductions Continue reading "Best of Tax Planning & Retirement Ideas for Individuals – Rebroadcast"...

Learning Objectives: 1.  Define estate 2. Identify the duties of the fiduciary 3. Identify the characteristics of QSSTs 4. Determine what qualifies as a grantor trust 5. Identify the qualities of estates and trusts 6. Identify the purpose of the probate court 7. Identify the purpose of the Income Distribution Deduction 8. Determine how to Continue reading "1041’s for Trust & Estates – Rebroadcast"...