Frequent Tax Issues - 9 Hours CPE

Course Overview

Tax professionals regularly encounter complex federal tax issues that require careful evaluation and accurate reporting. This comprehensive self-study course examines frequently encountered situations involving divorce, the death of a taxpayer, resident and nonresident aliens, employee stock options, home office deductions, and rental activities. Additional topics include tangible property capitalization and repair regulations, early retirement distribution penalty exceptions, and Section 529 education savings plans. Participants will strengthen their understanding of the federal tax rules, reporting requirements, and compliance considerations associated with these common tax preparation challenges.

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What You'll Learn

After completing this course, participants will be able to:

• Identify federal tax considerations involving divorce, separation, and the death of a taxpayer.

• Differentiate between resident and nonresident alien tax classifications and related reporting requirements.

• Assess the tax treatment of employee stock options, home office deductions, and rental activities.

• Distinguish between deductible repairs and capital expenditures under the tangible property regulations.

• Recognize exceptions to early retirement distribution penalties and the tax rules governing Section 529 education savings plans.

Who This Course Is For

Tax professionals who prepare individual or business tax returns and want to strengthen their knowledge of frequently encountered federal tax issues.