Strategies to help return reviewers quickly identify common errors that practitioners make on individual tax returns.

Learning Objectives:

- Determine the proper tax treatment for certain rental property activities.

- distinguish between hobbies and businesses.

- Identify the warning signs that A Client might have unreported income.

- Determine proper tax return reporting of A like-kind exchange transaction.

Who will benefit:

- CPA Firm partners and managers tasked with reviewing individual tax returns

- CPA Firm staff tasked with preparing individual tax returns

- CPA sole proprietors specializing in individual taxation

This is an AICPA hosted webcast. You will launch the course from your OSCPA learning center portal. AICPA will issue and maintain your credits. Please make sure to download your CPE certificate from AICPA webcast portal at the conclusion of the webcast.

Since 1919, the Internal Revenue Service had a civil and criminal function in the United States tax system. Little do people know, the IRS has an elite criminal function that started with five United States Postal Inspectors. From its early days in taking down Al Capone to now solving cybercrimes, the IRS special agents are tasked with investigating tax fraud, money laundering, and other white collar crimes. This presentation will show you the importance of this law enforcement function, the training, techniques, expertise, and actions that cause them to be known as the "world's finest financial investigators."

This presentation has been prepared by a 20 year veteran with the IRS-Criminal Investigation. The presenter investigated crimes, and trained and mentored other special agents.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The major topics that will be covered in this course include:

• Introduction to IRS Criminal Investigation (CI): Overview of its mission, role, and significance in maintaining tax compliance.
• Historical Evolution: From its inception in 1919 to its current role, highlighting key milestones and notable cases.
• Investigative Techniques and Tools: Detailed look at the methods and technologies used by CI agents to uncover financial crimes.
• Importance of IRS CI: Discussion on the impact of CI’s work on tax compliance, public confidence, and the broader financial system.
• Training of CI Agents: Insight into the rigorous training programs at FLETC and ongoing professional development.
• Process of Investigations: Step-by-step breakdown of how tax fraud and money laundering cases are initiated, investigated, and prosecuted.

Who will benefit:

CPAs, forensic accountants, tax professionals

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.

It is imperative that audit staff understand the fundamentals of expenses & payables. This course will cover the basics of auditing expenses, accrued liabilities, and other payables, including the related audit assertions, risks, & threats to the expenses & payables balances. During this course, we will also highlight the various substantive auditing procedures that staff should perform, and also walk through some real-world examples.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The major topics that will be covered in this course include:

• The basics of auditing expenses.
• Accrued liabilities and other payables.
• Relates audit assertions, risks, and threats to the expenses and payables balances.
• Substantive auditing procedures to peform.

Who will benefit:

Accountants who audit expenses and payables.

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.

This course focuses on the most common aspects and tax implications of Limited Liability Companies and S Corporations. It will further compare forms of entities, along with corporate formalities compliance issues of each entity type. Electing Subchapter S status as well as reviewing the mechanics of electing Subchapter S status will be discussed. Highlights of entity specific tax forms will be discussed, as well as accountable plans, taxable fringe benefits, officer reasonable compensation, estate planning, business continuation planning and audit strategies. Schedules K-1, K-2, K-3, and effectively connected income will be reviewed in this course as well.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The major topics that will be covered in this course include:

• Comparative analysis of LLCs and S Corporations
• Entity formation, compliance, and operational structures
• Self-employment tax and its implications for LLCs and S Corporations
• Form 2553 preparation and relief for late filings
• Rev. Proc. 2022-19 and Rev. Proc. 2023-3: analysis and application
• S Corporation eligibility errors and corrective measures
• Corporate governance and formalities for both entity types
• Shareholder stock and debt basis for S Corporations
• Forms 1120S, 1065, and related schedules (K-1, K-2, K-3)
• Officer reasonable compensation and general partner guaranteed payments
• Audit strategies, estate planning, and business continuation planning

Who will benefit:

CPAs, EAs, Tax Professionals, Financial Planners, Investment Advisors, Attorneys, Professionals advising or working with LLCs and/or S Corporations

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.

Are you a new advisor handling S Corp clients, or perhaps a seasoned professional facing this common scenario: "My S Corp client didn't take reasonable compensation last year. Now what?" Knowing that reasonable compensation isn't just a tax obligation, but a strategic financial decision, you need to be armed with expert knowledge to help your client navigate this situation. Join us to discuss IRS regulations, understand preventive measures, and address challenges within the year.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The major topics that will be covered in this course include:

• Review best practices to help your client evaluate if an S election is an appropriate choice
• How to be proactive and head off common reasonable compensation issues before they happen
• Explore strategies for cash management if cash isn't available at year end
• Explore what’s at stake when reasonable compensation isn’t paid timely

Who will benefit:

CPA & EA practitioners who advise S Corps on the issue of Reasonable Compensation who are interested in learning about what to do if a client didn't take reasonable compensation in a previous year.

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.

Learn practical strategies to increase revenue generation using AI-driven ideation methods. This course provides a concise overview of cutting-edge artificial intelligence tools and methodologies that enable professionals to transform innovative ideas into sustainable revenue streams. Through a practical, hands-on approach, participants will explore various AI platforms and workflows that streamline the process of creating digital assets, content, and products. The course emphasizes real-world applications and demonstrates how to leverage AI technology to diversify service offerings and generate new income sources.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The major topics that will be covered in this course include:

• AI-powered ideation and opportunity identification techniques
• Digital asset creation workflows using generative AI tools
• Audio and video content generation using AI avatars and synthesis
• E-commerce integration and product development strategies
• AI-driven presentation and visual content creation
• Social media content optimization and distribution
• Multi-format content transformation (articles, songs, comics, storyboards)

Who will benefit:

This course is ideal for professionals, entrepreneurs, and business leaders seeking to leverage AI technology to create new revenue streams and expand their digital product offerings, particularly those in professional services looking to innovate their business model.

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.

This course dives into the powerful, but potentially under-utilized, capabilities of Microsoft Excel. Designed for sophisticated users willing to approach spreadsheets from a unique perspective, this program encourages users to challenge the status quo by considering opportunities to take acceptable spreadsheets to a new level.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The major topics covered in this class include:

• Awareness of advanced functions
• Creative methods for data manipulation
• Using intellectual curiosity and professional skepticism to develop a problem-solving mentality
• Real-life examples of innovative ways to analyze and report data with Excel
• Using Excel to perform e-mail merges
• Many other functions and techniques that inspire you to continue exploring the depths of Excel and its seemingly bottomless toolbox
• Enhance creativity in your approach to developing Excel models

Who will benefit:

Practitioners, members in industry and other accounting professionals seeking an advanced understanding of Microsoft Excel.

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.

This course includes an analysis of all of the relevant authoritative pronouncements that a CPA must have an understanding of in order to properly perform preparation, compilation and review engagements. Troublesome areas as identified in peer reviews and litigation will be addressed. This course is loaded with practical aids to enable CPAs to comply with the standards! Participants who take this course will enjoy a smooth sailing in their peer reviews...guaranteed!

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The major topics that will be covered in this class include:

• Analysis of the ''Preparation of Financial Statements'' standards as amended by SSARS 26 with detailed implementation guidance.
• Analysis of the ''Compilation'' standards as amended by SSARS 26 with implementation guidance.
• Analysis of the ''Review'' standards as amended by SSARS 26 with detailed implementation guidance.
• Common mistakes made in SSARS engagements as identified in peer reviews and in litigation.

Who will benefit:

This course is designed to enable participants to understand and implement the pronouncements, interpretations and technical practice aids that apply to SSARS engagements

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.

Many public accountants desire to have a quick overview of only the most current changes to professional and ethical requirements. This course will provide an executive summary of the major changes in audit and other attest requirements.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The major topics that will be covered in this course include:

• Recent quality improvements to the SASs and SSARs
• Other matters that should be on your radar

Who will benefit:

Accountants at all levels interested in remaining current with professional requirements

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.

For many small businesses, the standards issued by the FASB may have little to no effect as they impact topics that do not reflect the type of transactions that these entities most frequently experience. This class will focus on the Accounting Standards Updates (ASUs) that are most likely to impact small businesses with a focus on ASUs initiated by the Private Company Council (PCC). We'll then look at alternative reporting options to GAAP including FRF for SMEs and IFRS for SMEs for entities who don't necessarily need to prepare GAAP financial statements but want to use accrual accounting. Finally, we will transition to audit standards that small business auditors will need to implement.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The major topics that will be covered in this course include:

• Accounting Standards Updates (ASUs) that are most likely to impact small businesses.
• ASUs initiated by the Private Company Council (PCC).
• Alternative reporting options to GAAP including FRF for SMEs and IFRS for SMEs.
• Audit standards that small business auditors will need to implement.

Who will benefit:

Accountants in public practice or industry

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.