Explanation of the New Wildfire Relief Payment Exclusion
This program reviews the provisions of the new bill H.R. 5863. This bill, signed in to law by President Biden on Dec. 12, 2024, extends the rules for the treatment of certain disaster-related personal casualty losses and provides tax relief for losses due to a federally declared disaster as a result of any forest or range wildfire and the East Palestine, Ohio, train derailment on February 3, 2023. It also details exclusion from income payments related to these disasters and extends the statute for claiming refunds related to disasters specified in the bill to one year from date of signing.
"Our best deal is always to become a monthly subscriber"
*Self-Study recording not available for NASBA CPE credit.
IRS Course #7Q3WU-T-00707-25
Jane Ryder
,
EA, CPA
Jane Ryder, EA, CPA is a national speaker on many accounting, tax, and business compliance topics. She runs her CPA firm, Brass Tax Ryder Professional Group, Inc.in San Diego, California. Brass Tax (not affiliated with Brass Tax Presentations) has been providing tax and accounting services since 1980.Brass Tax is a business centric practice, preparing and consulting on the preparation of Corporations, S corporations, LLCs, Partnerships, and Trusts. She also specializes in IRS and state agencies collections, audit appeals, offers in compromise, and other compliance related matters.
Recommended Webinars
Explanation of the New Wildfire Relief Payment Exclusion
1 IRS CE/1 NASBA CPE*
This program reviews the provisions of the new bill H.R. 5863. This bill, signed in to law by President Biden on Dec. 12, 2024, extends the rules for the treatment of certain disaster-related personal casualty losses and provides tax relief for losses due to a federally declared disaster as a result of any forest or range wildfire and the East Palestine, Ohio, train derailment on February 3, 2023. It also details exclusion from income payments related to these disasters and extends the statute for claiming refunds related to disasters specified in the bill to one year from date of signing.
Tax Relief in Times of Crisis: The 2024 Disaster Bill and 2025 Updates
2 IRS CE/2 CTEC CE/2 NASBA CPE*
When disaster strikes, tax professionals are often the first line of defense in helping clients navigate complex recovery rules. This timely webinar explores the significant legislative changes brought by the 2024 Federal Disaster Relief Act and the 2025 OBBB extension, equipping tax practitioners with the tools needed to apply the latest federal tax relief provisions to individual and business clients impacted by federally declared disasters. Led by Jane Ryder, EA, CPA, this program demystifies qualified disaster loss rules, nonrefundable and excludable payments, casualty loss deductions, expanded filing deadlines, and the distinctions between state and federal disaster declarations. This webinar discusses how to recognize eligible events, document client losses, and apply the correct tax treatment—whether the disaster occurred in 2020 or 2025. Whether your clients suffered wildfire damage, flood losses, or derailment-related hardship, this course provides up-to-date, IRS-aligned guidance for accurate and beneficial tax relief claims.
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Join us for the second webinar in our "2025 Tax Office Cyber Security Series", designed to help accounting and tax firms enhance their security posture and protect their sensitive data. Don’t miss this opportunity to lay the groundwork for better security and peace of mind! The webinar is only available to monthly subscribers.
Setting up MFA for Everything: A Practical How-toBest Practices for Substantiating Deductions and Proving Entitlement to Losses – Part II
2 Free NY & NJ CLE, CPE and IRS CE/NASBA CPE Credits
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.
Best Practices for Substantiating Deductions and Proving Entitlement to Losses – Part IINAVIGATING THE BBA PARTNERSHIP AUDIT REGIME: FROM RETURN PREPARATION TO LITIGATION
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NAVIGATING THE BBA PARTNERSHIP AUDIT REGIME: FROM RETURN PREPARATION TO LITIGATIONOregon Wants YOU! (Even If You Don’t Want Oregon)
NO CE AVAILABLE FOR THIS PROGRAM
A No-Nonsense Guide to Surviving Oregon’s Tax Preparer Licensing Requirements Are you a tax professional who’s never set foot in Oregon—but suddenly being told you need to register there? Welcome to the Beaver State’s latest regulatory surprise! If you touch a tax return that involves an Oregon filing, the state says you must be licensed—no matter where you live or work. This practical, step-by-step program walks you through the process, from understanding the law to acing the licensing exam. No CE credit, no whining—just clear guidance on how to comply and move on with your life.
Oregon Wants YOU! (Even If You Don’t Want Oregon)S Corp Shareholder Basis & Form 7203
2 IRS CE/2 NASBA CPE*
"Our best deal is always to become a monthly subscriber" *Self-Study recording not available for NASBA CPE credit.
S Corp Shareholder Basis & Form 7203Partner Basis and New IRS Form 7217
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Do you know your client's basis in their partnership interest? Do you get the usual blank stare from a new client when you ask them for their basis in their partnership interest? The IRS has opened a whole new office to audit partner basis with a team of specially trained auditors. It is the partner's responsibility to maintain their partnership basis, not the partnership's responsibility. It is not their capital account! We will review how basis is calculated for partners. The IRS just issued Form 7217 for partners who receive noncash distributions from their partnership. We will review how basis is allocated for property that is distributed to the partner. The IRS is focusing on partner basis in their audits since losses cannot be claimed when basis goes to zero.
Partner Basis and New IRS Form 7217Claiming the Energy Credits and the Business Vehicle
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This course explores some of the statutory and regulatory return preparation requirements to which a tax professional is subjected without respect to the perceived skill level necessary to complete a return. In addition, the course frames alternatives available to taxpayers with simpler returns (various free/low-cost tax return preparation options). Finally, it explores hazards to which supposedly simple returns expose a tax professional and reminds tax professionals of the value that even “simple” return preparation provides clients.
There’s a Lid for Every Pot—What Every Tax Pro Should Know About ‘Simple’ Returns
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