Tax Year 2020 has, like the preceding year, been extended beyond the traditional April 15th date. In this webinar, we will cover dealing with extending returns even further than the new end date of May 15th, along with the process of submitting corrected returns - called amendments - either electronically or via postal mail. Some … Continue reading "Amendments and Extensions – Tax Season 2020"

This course covers updates and changes to the tax law for the upcoming TY2021 tax season as outlined mainly inside Rev. Procedures 2020-45. While some attention is given to discussion of the IRS' response to the COVID-19 pandemic; this course primarily covers content outside the adoption of COVID-19-related tax law changes, which is presented in … Continue reading "Tax Law Updates – TY2021"

This course covers updates and changes to the tax law for the upcoming TY2021 tax season due to the passage of the CARES Act of 2021 and the American Rescue Plan Act (ARPA). This course will cover EIP3, expanded child credits (including the advanced version), and others.

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 – Your Rights, Responsibilities, and Duties as a Tax Preparer"

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 "Understanding the Principles of Individual Taxation: 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 TY2020. Special emphasis will be placed on taxable and nontaxable income categories as well as explanations of differing tax requirements with all types of income.

This course - one of our "Understanding the Principles of Individual Taxation" series - will cover the various reporting forms used to indicate to the taxpayer and the IRS what type and amount of income is contained within the taxpayer's records as it pertains to TY2021 returns. Example forms will be provided, along with explanations … Continue reading "Understanding the Principles of Individual Taxation: Income Forms and Reporting"

This course - one in our "Understanding the Principals of Individual Taxation" series - will cover the various rules and exceptions to the rules in regards to the filing requirements and filing statuses for Form 1040 series returns. In addition to covering the basics of who needs to file and how they need to file; … Continue reading "Understanding the Principles of Individual Taxation: Filing Statuses and Requirements"

This course - one of our "Understanding the Principles of Individual Taxation" series - will cover claiming dependents and will highlight the numerous effects of dependents on the return, from intersectionality with filing status to the numerous credits available. This course covers TY2021 law, with some discussion on prior year tax treatment.