CPE Catalog & Events

Tax rates and tables Filing status Gross income Dividends and distributions Discharge of debt income Exclusions from income Nonbusiness and personal deductions Education and medical expenses Casualty and theft losses Tax credits Landlord's rental expenses Health insurance costs Home office deduction Travel and entertainment expenses Employee expense reimbursement and reporting Automobile deductions Fringe benefits Methods of accounting Expensing and depreciation Amortization Sales and exchanges of property Home sale exclusion Installment sales Repossession Involuntary conversions At-risk rules Like-kind exchanges Retirement plans IRAs SIMPLEs Passive loss rules Suspension of disallowed losses under 469 Computing the alternative minimum tax Minimum AMT tax credit Reporting compliance rules and provisions Accuracy related penalties Information reporting penalty final regulations Penalty for unrealistic position Statute of limitations for assessments Examination of returns

Nonprofit GAAP Common accounting errors Risk management

Productivity Learning Curve Building Rapport

Business structure of the practice Practice management Marketing Technology Licensing and regulatory requirements Personal financial planning process

Understand the history of Qualified Property Categories. Explain the implications of the CARES Act's correction of QIP recovery period. Understand how to incorporate retroactive CARES Act changes into past returns. Understand the value of QIP as an indicator of Section 179-eligible property. Explain how strategies like Section 179 Expensing, Bonus Depreciation, Tangible Property Regulations (TPRs) and Energy Incentives all contribute to a comprehensive tax strategy. Compare and contrast Bonus and Section 179. Strategically use various tax strategies to maximize savings.

Basic protection concepts and fraudulent transfers Insurance Individual titles and sole proprietorship Corporations Trusts Co-tenancies Partnerships Limited liability companies Marital property & separate property Premarital and post-nuptial agreements

Financial Tax Planning Building an Estate

Comparing goals and purposes Investment goals and retirement planning Building an estate Section 1031 "like-kind" exchanges Retirement plans Tax credits and estimated taxes Basic deductions Income splitting Elimination Fringe benefits

Department of Labor Update SAS 136 (Part 1): Overview and Lessons from an Early Adopter SAS 136 (Part 2): Deeper Dive A&A Update Legislative Issues: What's Coming Common Audit Deficiencies Most Common Operational Errors and Fixes

Apportionment of personal & business use Deduction limitations using the actual cost method Expensing - 179 Predominate business use rule Auto leasing Standard mileage method Auto trade-in vs. sale Employer-provided automobile Nonpersonal use vehicle Reporting of an employer-provided automobile

Tax law changes Bankruptcy types Automatic stay Preferences Priorities Debt discharge Individual bankruptcy estate Individual debtor Corporate bankruptcy Homesteading & garnishment

Benefit mechanics Employee achievement awards Group term life insurance Self-insured medical reimbursement plans Medical insurance Meals and lodging Cafeteria plans Employer-provided automobile Adoption assistance program Interest-free and below-market loans

Marital status Joint return Separate returns Head of household Exemptions Divorce costs Withholding and estimated tax Community property states Ending the community Living together

Tax Planning

Structure, Reporting & Accounting Business Income, Credits & Assets Selected Business Expenses Employee Compensation & Benefits Automobiles Business Travel & Entertainment Retirement Plans Insurance Estate Planning

Transportation and travel distinguished Definition of "tax home" Temporary & indefinite assignments Business purpose requirement for business travel Convention & meetings Statutory exceptions of ordinary & necessary requirement Entertainment facilities Employee expense reimbursement & reporting Self-employed persons Employers

Tax Economics Business Planning Deferred Compensation Plans Basic Fringe Benefits Business Entertainment Business Travel & Transportation Insurance Equity Participation Estate Planning

Advantages and disadvantages of sole proprietorships Taxes for self-employed individuals Definition of partnership Partnership tax return & year taxable Contributed property, assets & services Sales and exchanges of partnership interests Limited liability companies C corporations & PSC corporations Inventories S corporations