A Modern Way for Tax Pros to Earn CE & CPE

2 IRS CE/CTEC/NASBA CPE*

This course reviews accurate reporting, correcting, and reconstructing for partner basis. Individual and business tax preparers should review some critical basis miscalculations and identify clients with these issues and how to fix them. See how incoming or exiting partners and LLC members' accounts are handled plus ...

1 IRS CE/CTEC/NASBA CPE*

FREE TO THE INDUSTRY October 15 is not always the end of the extension road. Certain individual taxpayers abroad may qualify for additional time to file through December 15, but the rules are easy to misunderstand and Form 4868 can create processing problems when it does not clearly reflect the taxpayer’s filing situation. This free one-hour program examines when the December 15 filing deadline may apply, what happens when Form 4868 Box 9 is not checked, and how practitioners can use a protective extension request to reduce the risk of a return being treated as late. ...

2 IRS CE/CTEC/NASBA CPE*

Maximizing the QBI deduction, 199A, includes planning, structuring and strategizing for different types of businesses, SSTBs and entities, S corps, Partnerships, Sole Proprietorships, rentals, related entities and some trusts. Evaluating and comparing options including the increased phase out range and new minimum QBI deduction provision from OBBBA offers substantial tax savings.

2 IRS CE/CTEC/NASBA CPE*

This course reviews partnership and LLC basis and capital accounts, other loss limitations; at-risk, and passive activity limitations. Learn accurate basis calculations, reporting distributions in excess of basis, preparing Form 6198 for basis and at risk limitations.

2 IRS CE/CTEC/NASBA CPE*

This Program will provide a practical, transaction-driven framework for understanding the §754 election and the related §743(b) and §734(b) basis adjustment regimes that can align (or further differentiate) partner-level and partnership-level tax attributes. Participants will learn how a partnership- level §754 election causes ...

2 IRS CE/CTEC/NASBA CPE*

Deferred Sales Trusts have gained increasing attention as a planning strategy for taxpayers looking to defer capital gains tax on the sale of highly appreciated assets. This course provides a practical overview of how these arrangements are structured, the tax rules that support them, and the circumstances in which they may be considered. Participants will examine the installment sale principles under IRC Section 453, the roles of the seller, trust, trustee, and purchaser, and ...

1 IRS CE/CTEC/NASBA CPE*

This 1 hour course provides a practitioner-level overview of the Bipartisan Budget Act (BBA) centralized partnership audit regime and its impact on partnership agreements. Participants will learn how the new audit rules shift authority to the Partnership Representative (PR), alter partner level rights, and change how adjustments, assessments, and elections ...

2 IRS CE/CTEC/NASBA CPE*

This Program explains the critical distinction between a partnership’s inside basis in its assets and a partner’s outside basis in the partnership interest. This course focuses on how basis is created, adjusted, tracked, and applied in common partnership transactions, including contributions, allocations of income and loss, distributions, ...

3 Free NY & NJ CLE, CPE and IRS CE/NASBA CPE Credits*

This webinar is available for Virtual (Online) or LIVE In-Person attendance. The LIVE class will be held at: Bergen Community College in the Ciarco Learning Center 355 Mian Street, Room 102/103 Hackensack, NJ Tax Professionals that attend are encouraged to accept a pro bono tax controversy case assignment from NYCLA, an ABA-sponsored Tax Court Pro program or a NY or NJ low-income Tax Clinic.