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 TY2023 tax season as outlined mainly inside Rev. Procedures 2022-38. This will contain the bulk of inflationary figures and assorted updates and additions to tax law for TY2023 onwards. While the main body of content is for TY2023, some discussion of relevant … Continue reading "Tax Law Updates – TY2023"

This course covers updates to TY2023 and beyond, as introduced through the SECURE Act 2.0, the Inflation Reduction Act of 2022, and the IRSs IR-2023-12 and -35 regarding digital assets. This is intended to be an introductory course governing a broad overview with selective expansion on topics which apply primarily to individual taxpayers for TY2023 … Continue reading "Tax Law Updates – SECURE Act 2.0, the IRA, and Digital Assets – TY2023"

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 TY2023. 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 TY2023 returns. Example forms will be provided, along with explanations … Continue reading "UtPoIT – Income Forms and Reporting"