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This course reviews various itemized deductions that can reduce adjusted gross income. It also
explains the Tax Cuts and Jobs Act (TCJA) rules for claiming the deduction for qualified business income (QBI).
Credits hours: 2
Exam questions: 10 IRS Approved |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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Understand how to classify and treat distributions to a retiring partner under Code Sec. 736. Learn
to distinguish between Code Sec. 736(a) payments (guaranteed or distributive share) and 736(b) payments
(property distributions), including their tax implications. Identify how capital, goodwill, and unrealized receivables
affect classification. Recognize the effect of partnership agreements, elections, and installment structures on
gain recognition, deductions, and basis adjustments.
Credits hours: 2
Exam questions: 10 IRS Approved |
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This course explores the elections available at both the partnership level and the individual partner
level. It explains how a partnership may make entity‑level elections (such as opting out of the centralized
partnership audit regime or making a § 754 basis adjustment election) and how partners may make their own
elections or treatment choices. The course clarifies who must make each election, when it must be filed, and
how it impacts partnership and partner tax treatment.
Credits hours: 2
Exam questions: 10 IRS Approved |
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This course provides a clear overview of the requirements for claiming the Section 199A deduction.
It explains who qualifies, how the deduction is calculated, income thresholds, and limitations related to specified
service trades or businesses (SSTBs). The course offers essential guidance for maximizing this valuable
deduction for pass-through business owners.
Credits hours: 2
Exam questions: 10 IRS Approved |
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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 |
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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 |
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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 |
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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 |
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This course explains the proper tax treatment of various types of investment income, such as
interest, dividends, and capital gains. It also outlines the rules for deducting investment-related expenses and
explores how the passive activity and at-risk rules affect a taxpayer’s ability to claim investment losses.
Credits hours: 2
Exam questions: 10 IRS Approved |
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This course reviews what makes up the basis of an investment and explains the tax rules that
apply when selling a primary residence. It also outlines key tax considerations for second homes, whether used
personally or as rentals.
Credits hours: 2
Exam questions: 10 IRS Approved |
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This course explains how mutual fund distributions are taxed, compares tax impacts across different
business entity types, and reviews how marriage or divorce can affect income tax. It also covers key factors that
influence the alternative minimum tax (AMT) calculation.
Credits hours: 2
Exam questions: 10 IRS Approved |
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This course explains when federal gift and estate taxes apply and explores common strategies
to reduce or eliminate these taxes. It also highlights the key tax benefits available to surviving spouses and
beneficiaries, providing a foundational understanding for effective estate planning.
Credits hours: 2
Exam questions: 10 IRS Approved |
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This course introduces key features of life insurance policies, variable annuities, and common trust
types. It also outlines important tax benefits available to individuals saving for or paying education expenses for
themselves or their dependents.
Credits hours: 2
Exam questions: 10 IRS Approved |
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This course explains the types of retirement plans small business owners can set up for themselves
and their employees, along with the tax impacts of each. It also outlines the key rules and benefits of the Social
Security system, helping business owners understand how these programs fit into overall retirement planning.
Credits hours: 2
Exam questions: 10 IRS Approved |
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This course covers the tax rules and benefits of different types of individual retirement arrangements
(IRAs), including Traditional, Roth, SEP, and SIMPLE IRAs. It explains how contributions, withdrawals, and
income limits impact tax treatment, helping individuals make informed retirement planning decisions.
Credits hours: 2
Exam questions: 10 IRS Approved |
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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 |
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This course provides an introduction to partnership taxation, outlining the key advantages and
disadvantages of forming a partnership. It reviews the relevant sections of the Internal Revenue Code that
govern partnership taxation and explains the characteristics of general and limited partnership interests. The
course offers foundational knowledge for understanding how partnerships are structured and taxed.
Credits hours: 2
Exam questions: 10 IRS Approved |
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This course examines key tax law changes from the Tax Cuts and Jobs Act (TCJA) and the One
Big Beautiful Bill Act (OBBBA) impacting high-net-worth individuals. Readers will learn how OBBBA extended
or made permanent many TCJA provisions and explore advanced estate planning strategies tailored to affluent
married couples. Special focus is placed on updated thresholds, deduction planning, and wealth transfer
considerations to help advisors navigate complex tax landscapes and preserve client wealth effectively.
Credits hours: 2
Exam questions: 10 IRS Approved |
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This course explores the strategic shift from transfer tax to income tax basis planning in estate
and asset protection. The reader will learn to identify high-impact basis planning opportunities, avoid outdated
valuation discount strategies, and apply rules for basis step-up, gifts, and grantor trusts. Emphasis is placed
on maximizing post-death asset value, handling general powers of appointment, and understanding planning
implications for high-net-worth clients. Practical tools for updating legacy estate plans are also provided.
Credits hours: 2
Exam questions: 10 IRS Approved |
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This course covers how to calculate the basis of property, the tax treatment of selling personal-use
property (including your home), and when capital gains are taxable. It also reviews current capital gain tax rates
and explains what payments qualify as alimony under tax law.
Credits hours: 2
Exam questions: 10 IRS Approved |
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This course explains how to adjust income for qualified education expenses and identifies which
business-related travel, transportation, and gift expenses are deductible under current tax rules.
Credits hours: 2
Exam questions: 10 IRS Approved |
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This course covers the current year’s standard deduction amounts and outlines what expenses are
deductible when itemizing, including medical, dental, certain taxes, and interest. It helps clarify which deductions
are allowed and which are not.
Credits hours: 2
Exam questions: 10 IRS Approved |
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This course explains which charitable contributions are deductible and what documentation is
required. It also covers how personal casualty and theft losses are treated for tax purposes.
Credits hours: 2
Exam questions: 10 IRS Approved |
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This course explains key tax credits available to individuals, including the child tax credit, education
credits, earned income credit, and premium tax credit. It also covers nonrefundable and refundable credits, AMT
adjustments, the tax on unearned income for children, and credits for the elderly or disabled.
Credits hours: 2
Exam questions: 10 IRS Approved |
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This course covers how to calculate the basis of property, the tax rules for selling personal-use
property including your home, and when capital gains are taxable. It also reviews the current year’s capital gain
tax rates.
Credits hours: 2
Exam questions: 10 IRS Approved |
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This course covers key tax changes for 2025 returns, the rules for filing extensions, and the
qualifications for different filing statuses and dependents. It explains what income must be reported, including
tips, interest, and dividends, and introduces the purpose of estimated taxes.
Credits hours: 2
Exam questions: 10 IRS Approved |
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This course explains how to report rental income and expenses, the tax rules for different types of
retirement plans, and key thresholds for taxing Social Security benefits. It also identifies how to handle other
types of income on a tax return.
Credits hours: 2
Exam questions: 10 IRS Approved |
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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 |
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This course explains the tax consequences when a partner retires or dies and receives a liquidating
distribution from a continuing partnership. It details how payments are classified under Code Sec. 736(a) or
736(b), depending on whether they relate to partnership property, services, or goodwill. The tax treatment
impacts whether the partner receives capital gain, ordinary income, or a deduction applies. Examples highlight
valuation, payment structuring, and the effects of partnership agreements.
Credits hours: 2
Exam questions: 10 IRS Approved |
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This course covers the tax treatment of payments made to retiring or deceased partners under Code
Sections 736 and 737. It explains the distinction between capital and ordinary income, goodwill considerations,
installment payments, and when capital is a material income-producing factor. The course also highlights key
differences between partnership and S corporation treatment, helping professionals navigate complex retirement
and liquidation scenarios effectively.
Credits hours: 2
Exam questions: 10 IRS Approved |
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This course provides a comprehensive understanding of how partnerships must allocate tax items
when property is contributed with a basis differing from fair market value. Topics include the traditional method,
curative allocations, and remedial allocations, as well as anti-abuse rules, revaluation rules, and treatment of
built-in loss property. Learners will explore regulatory compliance, depreciation adjustments, and limitations
imposed by the ceiling rule to ensure proper application of Code Sec. 704(c).
Credits hours: 2
Exam questions: 10 IRS Approved |
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This course explains how a partner’s capital account is affected by contributions, allocations, and
distributions. It also breaks down the rules in Section 704(b) and 704(c), showing how to properly track changes
to each partner’s capital. Learners will understand how to allocate income, losses, and property basis fairly
between partners under different methods and rules. Simple examples help clarify complex tax rules around
partnership equity and basis adjustments.
Credits hours: 2
Exam questions: 10 IRS Approved |
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This course explains how partnerships handle special tax allocations, distributions, and adjustments.
It covers when allocations are considered substantial, how distributions affect partner capital accounts, and the
rules around minimum gain and revaluations. The course also discusses disproportionate distributions and their
tax impact, using clear language and practical examples.
Credits hours: 2
Exam questions: 10 IRS Approved |
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This course examines the tax treatment of disguised sales and related party transactions in
partnerships. It covers key provisions of Code Sections 707, 704(c)(1)(B), and 737, focusing on when
contributions and distributions may be treated as taxable sales. Topics include preferred returns, qualified
liabilities, gain recognition rules, and the factors that determine disguised sale status. The course provides
practical examples and guidance for navigating these complex partnership tax issues.
Credits hours: 2
Exam questions: 10 IRS Approved |
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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 |
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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 |
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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 |
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Understand the basic tax rules for forming a partnership, including contributions of property or
services in exchange for a partnership interest. Learn the consequences of contributing appreciated or
depreciated property, the recognition of gain or loss, and the initial basis calculations for both the partner and
the partnership. Identify how liabilities affect basis and recognize when contributions may be considered taxable
transactions.
Credits hours: 2
Exam questions: 10 IRS Approved |
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This chapter outlines the general tax implications and benefits of business-related insurance
policies. It explains the rules for deducting premiums, differentiates between business and personal insurance,
and details the treatment of key person insurance, employee group policies, and self-insured plans. The chapter
also reviews how proceeds are taxed and when exceptions apply. Understanding these rules helps ensure
proper reporting and maximization of available tax benefits for both employers and employees.
Credits hours: 2
Exam questions: 10 IRS Approved |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
