Learning Objectives: By taking this course the student will learn how to apply the election not to be subject to the centralized partnership audit regime, how to properly report hobby income, what part of the cost of DNA testing is tax deductible, when a pension loan becomes a deemed distribution, the disaster loss treatment for a taxpayer’s home, reporting income of a nonresident alien from a trade or business located in the U.S. (ECI income), when legal fees can be capitalized, FICA for a U.S. person working in the U.S. for a foreign employer, disabled child qualifications for EITC and child tax credit, the results of several tax court cases and their impact on tax returns and the monthly fraud blotter.
CPE Hours: Federal Tax Subject = 1 CPE Credit / Total = 1 CPE Credit
Accreditation: CTEC, IRS, Enrolled Agents, NASBA-QAS CPAs
Field of Study: Federal Tax Subject
Publication Date: 10/1/2019
Instructional Delivery Method: Group Internet-Based
Advanced Preparation: No Advanced Preparation Required
Speaker: Lee Reams, Sr.
Webinar Material: A copy of the PDF is available for download under the Additional References tab.
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Certified Public Accountants:
ClientWhys is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
ClientWhys, Inc. is an approved provider for IRS, NASBA QAS, CTEC and the Oregon Tax Preparer Board providing continuing education for CPAs, EAs, IRS, CRTPs.