This course - one of our "Understanding the Principles of Individual Taxation" series - will cover the rules and requirements for recordkeeping while operating as a tax practitioner. This will touch on both general IRS rules and specific rules outlined in Circular 230.

This course will cover Treasury Circular No. 230; The comprehensive guide to identifying who can practice before the IRS and in what capacity. It will also cover how to operate with due diligence individually and for your firm as well as how to avoid practitioner penalties. We will also touch on how to properly maintain … Continue reading "Digestible Circular 230"

This course covers updates and changes to the tax law for the upcoming TY2025 tax season as outlined mainly inside Rev. Procedure 2024-40. This will contain the bulk of inflationary figures and assorted updates and additions to tax law for TY2025 onwards. While the main body of content is for TY2025, some discussion of relevant … Continue reading "Tax Law Updates - TY2025"

This course - one of our "Understanding the Principles of Individual Taxation" series - will cover the fundamental principles of individual taxation, and to explain the concepts behind the structure of the tax system. This course covers explanations and clarifications of terms as well as an overview of the forms contained in the 1040 Series … Continue reading "UtPoIT - Basic Tax Overview"

This course - one in our "Understanding the Principles of Individual Taxation" series - will cover the explanation and taxability of income in individual tax returns as they apply to TY2025. Special emphasis will be placed on taxable and nontaxable income categories as well as explanations of differing tax requirements with all types of income.