This program provides an update on the latest tax developments, rules and regulations impacting individual and business taxpayers, including a review and integration of the most recent legislation.

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

• Update and integration of the most recent tax legislation impacting individual and business taxpayers.
• Review of individual and business provisions of the Inflation Reduction Act.
• Update on significant individual and business tax developments related to cases and rulings.
• Update on earned income credit, child credit, and child and dependent care credit.
• Crypto reporting update.
• Depreciation changes in Sec. 179 and Sec. 168(k) bonus depreciation.
• Tax issues impacting "gig" workers, including Form 1099-K.
• Update on partnership and S corporations, including Schedules K-2 and K-3 of Forms 1065 and 1120S related to foreign transactions.

Who will benefit:

CPAs and members in the accounting industry seeking a legislative update on the most recent individual and business tax provisions.

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.

Have you ever considered a tax audit from the perspective of an IRS examiner? This session explains how you can use IRS Audit Technique Guides (ATGs) to enhance tax compliance. You will obtain a glimpse of the audit process from the viewpoint of an IRS agent as we explore insights that the IRS provides to its own examiners.

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:

• Overview of ATGs
• Best practices for utilizing ATGs
• Salient provisions of selected ATGs
• Insights auditors may obtain from analytical procedures
• Nuances associated with selected industries

Who will benefit:

CPAs in public practice or members in industry who desire clarity regarding IRS audits of tax returns.

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

Seismic changes in tax legislation is currently taking place, and the well-informed tax practitioner will want to attend this two hour monthly program in order to stay abreast of these developments! Approximately one-half of the program is devoted to individual tax issues, and the remaining time is spend on business entity taxation, IRS procedure, tax legislation and other issues. Due to the changing nature of the topic, learning objectives, course descriptions and program content will vary and will be provided in more specificity closer to presentation time. This course provides a concise look at the hottest topics affecting every tax practitioner.

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:

• Current individual tax issues
• Current business entity tax issues
• Any current tax legislation occurring during the period
• Other issues affecting the profession, including IRS procedure, current cases, payroll, and other federal tax issues

Who will benefit:

This course is suitable for corporate tax and finance executives, directors, managers and staff, CPAs, CAs Enrolled Agents, accountants, attorneys and business/financial advisors who work with and advise businesses that have tax implications.

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.

A beginner's guide or a refresher on the essential elements of partnership and LLC taxation.

Learning Objectives:

'- Identify the effects of investor contributions and distributions on their basis in a partnership or LLC interest.

- Identify the tax basis of assets transferred to a partnership or limited liability company (LLC) at formation.

- Recognize the tax consequences of a transfer of liabilities to a partnership or LLC in connection with property transfers at formation.

- Indicate the correct treatment of partnership income by a partner for self-employment tax purposes.

- Distinguish between current and liquidating distributions.

- Recall whether special allocations called for in a partnership agreement will be allowable under the Section 704(b) regulations and when they will not be recognized by the IRS.

Who will benefit:

- public accounting staff and seniors

- tax professionals in company finance or tax departments

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.

Participants will learn how to interpret the most common IRS correspondence, adhere to response deadlines, and effectively communicate with the IRS to resolve issues and minimize risks. It provides professionals with knowledge and strategies needed to handle the most common notices including audit requests, collections & return inquiries as well as error notices. Focusing on best practices to ensure compliance and avoiding penalties or escalation.

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:

• Types of IRS letters: General notices, audits, collections, return requests, and errors.
• Deadlines for responding to IRS correspondence.
• Communication best practices for dealing with the IRS.
• Avoiding escalation and penalties through proactive responses.
• Ensuring compliance when addressing IRS correspondence.
• Real-world examples of successful IRS communications.
• Common pitfalls in handling IRS letters and how to avoid them.
• Strategies for advising clients on IRS correspondence.

Who will benefit:

CPAs, EA, Tax Professionals, Financial Planners, Investment Advisors, Attorneys, Tax Professionals assisting clients with IRS tax resolution

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

Many CPAs are becoming full-time or fractional CFOs for small businesses. In that position, they are the resident expert in finances, cash flow planning, and budgeting. But what about dealing with the IRS? The IRS has broad powers to administer the assessment and collection of taxes. From removing penalties to criminal prosecutions, this presentation focuses on how CFOs can prevent problems with the IRS and how to develop winning strategies if the IRS knocks on the door.

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

• The authority of IRS in assessing and collecting taxes.
• The common misconceptions when dealing with IRS.
• Common questionable actions by business owners.
• How to prepare for an IRS audit.
• The seven options in IRS collections.
• Possible criminal tax violations by CFOs and small business owners.

Who will benefit:

CFO, controllers, finance professionals, CPAs, and attorneys.

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

Penalty abatement is a technique that tax practitioners can utilize to help their clients reduce penalties and interest they owe to the IRS if the taxpayer can prove "reasonable cause".

This informative and insightful webinar will provide you with some insider tips, practical steps and effective strategies to help your client manage IRS tax penalties and interest. Learn about various types of penalties that you may face, and the various forms and procedures used for requesting penalty and interest abatement, including First Time and Reasonable Cause abatement. Plus, learn about the procedure to follow when requesting refund of paid penalties.

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:

• Various types of penalties: Accuracy related, fraud, understatement of valuation, reporting requirement, failure to pay, and pay or deposit penalties
• Rules on waiver of penalties and interests
• Various forms and procedures for requesting relief
• First Time Abatement: Requirements and procedures
• How an individual taxpayer qualifies for Reasonable Cause abatement
• Procedures for requesting refund of paid penalties
• Available administrative options

Who will benefit:

CPAs, Enrolled agents, Attorneys, Finance professionals, Financial planners, Tax Professionals

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

Providing a practical overview of the IRS Power of Attorney, Form 2848, and IRS Tax Information Authorization, Form 8821. Participants will explore the differences between these forms, understand when each is required, and how to comply with IRS requirements for representing clients and accessing their tax information. The course will cover practical issues, ethical considerations, and best practices for managing client authorizations through the IRS Centralized Authorization File (CAF) system.

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:

• Overview of IRS Power of Attorney (POA) rules.
• Form 2848: Authority to Represent Clients before the IRS.
• Form 8821: Accessing Tax Information Without Representation.
• Identifying errors and compliance risks in POA filings.
• Rules for revoking or updating POA authorizations.
• Managing authorizations through the CAF system.
• Electronic submissions and the IRS online authorization process.
• Ethical responsibilities when holding a POA.

Who will benefit:

CPAs, EAs, tax professionals and other financial experts involved in IRS communications and client representation

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