|
This course outlines the Internal Revenue Service requirements under Circular 230 and the ethical
standards that apply to Enrolled Agents. It also covers common types of fraud and scams investigated by
the IRS, emphasizing the importance of ethical conduct and compliance in tax practice. The course provides
essential guidance for maintaining professional integrity and meeting regulatory obligations.This course is
designed to meet specific ethics requirements for Enrolled Agents.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course examines common frivolous tax positions, the associated penalties, and the legal
consequences of promoting or adopting such arguments. It also reviews the IRS’s current “Dirty Dozen” list of
tax scams, providing insight into prevalent schemes and how to avoid them. The course is designed to enhance
awareness of noncompliance risks and reinforce ethical tax practices.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course outlines the ethical and professional responsibilities of tax practitioners under IRS
Circular 230 and the AICPA’s Statements on Standards for Tax Services (SSTS). It highlights key compliance
requirements, best practices, and the standards that govern tax return preparation and taxpayer representation.
Designed to promote ethical conduct, the course ensures practitioners understand and apply the rules that
guide professional tax practice.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course provides a comprehensive review of 2025 federal tax updates, including inflation
adjustments, new provisions under the One Big Beautiful Bill Act (OBBBA), and updates from the SECURE
2.0 Act. Topics include changes to deductions (SALT, tip income, overtime, car loan interest), updated mileage
rates, Direct File Pilot Program details, and third-party transaction reporting. The course also covers rules for
retirement accounts, foreign accounts, taxable earnings, and filing as a qualifying surviving spouse, equipping
taxpayers and professionals with the latest compliance insights.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course provides a broad overview of essential tax rules for individual filers, including the
reporting and taxability of unemployment compensation, business income, and home-office deductions. It
covers hobby vs. business classification, depreciation limits, capital gains treatment, and standard deduction
eligibility. The course also addresses education and energy credits, the Earned Income Tax Credit, and
changes introduced by the One Big Beautiful Bill Act (OBBBA), equipping filers with the knowledge to maximize
deductions and stay compliant.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course provides a comprehensive overview of key tax rules and compliance requirements for
tax preparers. Topics include the tax treatment of virtual currency, §199A aggregation and SSTB rules, Premium
Tax Credit eligibility, HSA/MSA limits, payment and refund options, and filing deadlines. It also covers identity
theft red flags, data privacy best practices, ITIN use and renewal, e-file mandates, and the Annual Filing Season
Program. The course highlights preparer penalties and due diligence obligations related to head of household
status and refundable credits, ensuring full awareness of current IRS standards.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course explores the intricacies of partnership basis adjustments under Code Sections 743(b)
and 734(b). It covers the allocation of adjustments, the effects of property distributions, and the impact of a
Code Sec. 754 election or substantial basis reduction. Additionally, the course includes a comparison with S
Corporation basis rules, providing a comprehensive understanding of these critical tax provisions.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course explores the various elections available at both the partnership level and the partner
level. It provides insights into how these elections impact partnership taxation and individual partners, offering a
clear understanding of their purpose and application.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course provides a comprehensive overview of the requirements for the Section 199A deduction
and its application to partnerships. It covers the presentation of a partnership’s taxable income, separately
stated items, and the preparation of Schedules M-1, M-2, and M-3. The course also examines partnership audit
determinations.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course explores how community property laws influence the division of assets in divorce and
examines the tax consequences of property settlements. It provides essential guidance for understanding how
ownership rules and tax treatment vary in community property states, helping ensure accurate reporting and
equitable outcomes.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course examines the tax implications of divorce, focusing on the ability to claim dependents
and the child and dependent care tax credits. It also outlines the rules for determining which parent can claim a
child and reviews the various forms of relief available to spouses and former spouses, such as innocent spouse
relief. The course provides essential guidance for navigating tax responsibilities after divorce.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course provides an overview of key tax issues related to divorce, including the impact of
marital status on filing status and the tax treatment of alimony for both the payor and payee. It offers practical
guidance for navigating these issues to ensure accurate tax reporting and compliance during and after divorce.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course covers the tax rules for dividing retirement plans in divorce, including distribution
requirements and potential tax consequences. It also identifies which divorce-related fees may qualify as
deductible expenses, helping individuals and professionals navigate the financial aspects of divorce with greater
clarity.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course examines the unique characteristics of allocations in family partnerships and the
distinctions between recourse and nonrecourse liabilities. It provides a comprehensive understanding of these
concepts, essential for navigating the complexities of partnership taxation and liability management. Structured
materials and assessments ensure clarity and practical application.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course provides an overview of taxable and nontaxable fringe benefits, including the types of
benefits offered through cafeteria plans. It covers applicable exclusions, valuation methods, and the requirements
for proper withholding and reporting of taxable fringe benefits, helping ensure compliance with IRS guidelines.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course provides an in-depth exploration of partnership taxation, including the advantages
and disadvantages of forming a partnership. It covers the relevant provisions of the Internal Revenue Code
that govern partnership taxation and examines the defining characteristics of general and limited partnership
interests.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course provides a detailed exploration of the tax treatment of investment income, expenses, and losses. It covers the proper taxation of various types of investment income, limitations on deductible investment expenses, and the impact of passive activity and at-risk rules on investment loss deductions. Additionally, the course explains what constitutes the basis of an investment, ensuring a thorough understanding of these critical tax concepts.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course examines key tax rules related to homeownership and investments. It covers the
taxation of main home sales, the tax implications of owning a second home for personal or rental use, and the
rules governing mutual fund distributions. With clear explanations and practical insights, the course provides a
solid understanding of these important tax topics.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course explores the tax implications for individual business owners based on different business
entity structures. It also examines items impacting the Alternative Minimum Tax (AMT) calculation and the rules
governing the classification of marital property. Additionally, the course addresses how marriage or divorce can
influence income tax liabilities, providing a comprehensive understanding of these complex tax topics through
structured materials.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course explores federal gift and estate tax rules, including when they apply and strategies for
minimizing or eliminating these taxes. It also covers tax benefits available to surviving spouses and beneficiaries,
along with the key features of various life insurance policies and variable annuities. The course provides a
thorough understanding of these essential estate and financial planning topics.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course provides an overview of various types of trusts and their fundamental purposes. It also
examines tax benefits available for education savings and expenses, whether for individuals or dependents.
Additionally, the course outlines the reporting requirements for entities electing the VIE accounting alternative,
ensuring a well-rounded understanding of these financial and tax topics.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course provides an overview of retirement plan options for small business owners, including
their tax implications for both employers and employees. It also covers the rules governing Social Security
benefits, offering insights into how these programs interact with retirement planning.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course focuses on the tax rules and implications associated with various types of individual
retirement arrangements (IRAs). It provides a clear understanding of the differences in tax treatment, contribution
limits, and distribution rules, ensuring a comprehensive grasp of these critical retirement planning tools.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course explores adjustments to income, focusing on individual retirement arrangements (IRAs)
and alimony. It covers thresholds, requirements, and additional taxes related to IRAs, as well as the distinctions
between taxable and non-taxable alimony.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course covers adjustments to income, focusing on education-related adjustments and other
deductible expenses. It highlights eligible education adjustments and deductible business expenses for travel,
transportation, and gifts.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course provides an in-depth look at standard and itemized deductions, including the standard
deduction amounts for the current year, and the deductibility of medical and dental expenses, taxes, and interest.
It clarifies what qualifies for deduction under each category, ensuring a comprehensive understanding of these
key tax concepts.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course focuses on itemized deductions related to charitable contributions and nonbusiness
casualty and theft losses. It covers the types of deductible contributions, required record-keeping, and the tax
treatment of personal losses.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course examines other itemized deductions and the Section 199A pass-through income
deduction. It covers allowable deductions that reduce adjusted gross income and the rules under the TCJA for
claiming the qualified business income deduction.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course provides a comprehensive guide to calculating taxes and credits, including alternative
minimum tax adjustments, unearned income tax for certain children, and various tax credits such as child and
dependent care, elderly or disabled, child tax, education, earned income, and premium tax credits. It also covers
refundable and nonrefundable credits and their eligibility requirements.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course examines the tax implications of gains and losses, focusing on property basis, property
sales, home sales, and reporting requirements. It covers key considerations for calculating property basis, the
taxability of personal use property sales, special tax rules for home sales, and current capital gain rates.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course provides a detailed guide to preparing 2024 tax returns, covering key updates, filing
requirements, dependents, and estimated taxes. It also explores the tax treatment of various income types,
including wages, tips, interest, and dividends.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course provides a detailed overview of tax rules for rental income and expenses, retirement
plans, pensions, annuities, Social Security benefits, and other income types. It covers proper tax treatment for
rental properties, key requirements for retirement plan taxation, Social Security thresholds, and the taxability of
miscellaneous income.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course highlights major tax changes introduced by the One Big Beautiful Bill Act (OBBBA), including
effective dates and key provisions. It covers the new deduction rules for certain tip income earners and outlines
updated phaseout thresholds for the Alternative Minimum Tax (AMT) exemption. The course provides a concise
overview of how these changes impact individual taxpayers.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course focuses on the fundamentals of partnership capital accounts, including items that lead
to capital account increases. It also examines the reasonable allocation methods permitted under Code Section
704(c). Through clear explanations and structured materials, the course provides a solid understanding of these
essential partnership tax concepts.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course provides a comprehensive examination of partnership distributions, including operating
or current distributions, property distributions, and liquidating distributions. It explores the tax consequences
for both partners and the partnership, the basis in distributed property, and the impact of disproportionate
distributions. Topics also include unrealized receivables, substantially appreciated inventory, marketable
securities, and the “hypothetical sale” approach introduced in proposed regulations. With detailed coverage of
these topics, the course ensures a thorough understanding of the tax rules governing partnership distributions.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course examines the tax treatment of payments made to retiring or deceased partners under
Code Section 736 and the consequences of property distributions under Code Section 737. It outlines the
scenarios in which each provision applies and provides guidance on how these rules affect both the partnership
and the individual partner.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course focuses on the factors used to determine whether a transaction between a partner and
partnership constitutes a disguised sale under IRS rules. It provides guidance on recognizing red flags, applying
relevant tax provisions, and understanding the implications of disguised sales for tax compliance and reporting.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course covers the general tax rules governing installment sales and explores more complex
provisions that apply to specific property types or conditions. It provides a clear framework for recognizing
income, calculating gain, and understanding exceptions and limitations that can affect installment sale treatment.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course explains the two primary sets of rules that may limit loss deductions from business,
rental, or other income-producing activities: the at-risk rules and the passive activity loss rules. It provides clarity
on how each limitation works and when they apply, helping ensure accurate reporting and compliance with IRS
regulations.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course provides essential guidance on reporting rental income, expenses, and depreciation
for residential rental properties. It also covers the correct treatment of casualty losses and explains how passive
activity and at-risk rules impact rental property deductions. The course equips taxpayers with the knowledge to
ensure accurate and compliant tax reporting.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course provides an in-depth analysis of the tax implications related to transferring a partnership
interest. Topics include calculating the amount realized, determining the adjusted basis, ordinary income from
sales, and the treatment of collectibles and unrecaptured Section 1250 gain. The course also covers installment
sales, abandonments, gifts, like-kind exchanges, and other transfer-related issues, offering a comprehensive
understanding of these complex tax scenarios.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course provides a clear overview of the key requirements for forming and maintaining an S
corporation. It covers eligibility criteria, shareholder limitations, and compliance rules necessary to qualify for
and retain S corporation status, ensuring proper tax treatment under Subchapter S of the Internal Revenue
Code.corporation. It covers eligibility criteria, shareholder limitations, and compliance rules necessary to qualify for
and retain S corporation status, ensuring proper tax treatment under Subchapter S of the Internal Revenue
Code.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course introduces the core tax rules for short-term rental income. It covers how short-term
rentals are taxed, identifies situations where rental income may be tax-free, and outlines which expenses qualify
as deductible. Designed for property owners and hosts, the course provides a clear foundation for managing
short-term rental tax responsibilities.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course explains how to properly classify and deduct rental property expenses. It distinguishes
between current expenses, repairs, betterments, and improvements, and provides guidance on how depreciation
applies to long-term assets. The course equips property owners with the knowledge to accurately track and
report expenses for tax purposes.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course provides practical guidance on tax reporting for short-term rental properties. It covers
the treatment of pass-through deductions, prorating shared expenses, and accurately filing Schedule E and
Form 1099-NEC. The course also addresses managing deductions across multiple properties and maintaining
proper income and expense records, helping rental property owners stay organized and compliant.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course covers key tax rules for U.S. citizens and resident aliens living abroad. It outlines general
filing requirements, types of tax withholdings, and who must pay self-employment tax. The course also explains
the foreign earned income and housing exclusions, the foreign housing deduction, personal exemptions for
resident aliens, and common tax treaty benefits, providing essential guidance for international tax compliance.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course covers the tax treatment of educational assistance, including which types are taxable
and which are exempt. It explains the eligibility and usage rules for the American Opportunity Credit and Lifetime
Learning Credit, as well as the proper tax handling of student loans, including cancellation and repayment
assistance. The course provides essential guidance for maximizing education-related tax benefits.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course explores a variety of tax benefits available for education-related expenses. Topics
include the use of Coverdell ESAs, qualified tuition programs, and IRA distributions exempt from early withdrawal
penalties. It also covers tax-free bond redemptions for education, employer-provided educational assistance
plans, and the deductibility of work-related education expenses. The course offers practical guidance for
maximizing education-related tax savings.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course covers the tax rules related to the sale of a primary residence and the ownership
of a second home, whether used personally or as a rental. It also explains how passive activity and at-risk
rules impact the deductibility of investment losses, providing a comprehensive understanding of real estate tax
considerations for individual taxpayers.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course explains the filing requirements for individuals who can be claimed as dependents on
another person’s tax return. It also covers the rules for calculating and reporting the “Kiddie Tax,” which applies
to unearned income of certain children. The course provides clear guidance to ensure accurate and compliant
tax reporting for dependents.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
The Tax Cuts and Jobs Act of 2017 (TCJA) directly affects high net worth individuals, their investment
entities, and family offices. This course addresses the impact of the TCJA and its likelihood to spur gift planning,
increase the use of trusts, give rise to new compensation arrangements, and even increase the consideration of
conversion from an individual status to corporate formation.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course provides a focused exploration of passive activity income, detailing its key characteristics
and implications for taxation. It offers clear insights into the rules governing passive income, ensuring a thorough
understanding of this important tax concept.
Credits hours: 2
Exam questions: 10 IRS Approved |
|
This course provides a comprehensive overview of virtual currency, including how it functions, how
it differs from central bank digital currencies (CBDCs) and stablecoins, and how blockchain technology secures
transactions. It covers the calculation of adjusted cost basis for purchased, mined, or gifted virtual currency, as
well as the tax treatment of charitable donations and partial disposals. The course offers essential guidance for
understanding and reporting virtual currency transactions accurately.
Credits hours: 2
Exam questions: 10 IRS Approved |
