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.

A discussion of the latest 2021/222 tax developments impacting individual taxpayers, with a focus on important provisions, rules and concepts.

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:

• 2021/22 legislation impacting individual taxpayers
• Extenders legislation update
• Child tax and dependent care credits
• Section 199A deduction
• Capital gains and losses
• Rental real estate
• Other passive activities losses

Who will benefit:

CPAs in public practice and industry seeking an update on the latest tax developments affecting individual taxpayers.

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

This session will address the complex rules of retirement distributions, review key provisions of the SECURE Act 2.0, and provide practical strategies of maximizing tax benefits for your client.

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:

• Required minimum distributions for a deceased’s heirs
• 2025 retirement plan contribution limits
• Required minimum distributions and contributions to charity
• Key provisions of Secure Act 2.0

Who will benefit:

CPAs and members in industry seeking an in-depth review of required minimum distribution rules.

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

This program reviews the statutory and regulatory guidance as they relate to fringe benefits. There will be an emphasis on entertainment, meals and business transportation expenses, including qualified employer-provided parking, with a focus on planning opportunities. Recent federal tax legislation, cases and rulings will also be addressed.

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:

• Definition of what qualifies as an entertainment expense
• Strategies to deduct business entertainment expenses
• Deductibility of meals
• Situations not subject to the 50% meals and entertainment reduction
• How to handle automobile issues related to employer-provided parking
• Proper accounting for deductible vs. non-deductible expenditures
• The four steps to analyze business expenses
• The latest federal legislation, cases and rulings

Who will benefit:

CPAs in public practice and industry seeking the latest developments on reporting entertainment and business transportation expenses.

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

Schedules K-2 and K-3 are promulgated by the IRS in order to standardize the reporting of foreign-related tax information for pass-through entities. Even pass-through entities that have no foreign activities, investments, or partners may have a reporting requirement. Schedules K-2 and K-3 for reporting partners' income, deductions, and credits from foreign activity are now required for passthrough returns (Form 1065, 1120-S and 8858). This requirement starts with returns with a tax year that ends in 2021. This course discusses each part of these schedules and explain these new reporting obligations in detail.

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:

• Introduction to Schedules K-2 and K-3
• Review the filing requirements
• Discuss the different parts of the schedules and what needs to be included

Who will benefit:

This course is suitable for Corporate tax and finance executives, directors, managers and staff, CPAs, Enrolled Agents, accountants, attorneys and business/financial advisors who work with and advise individuals or businesses.

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

As the digital asset market continues to mature, more taxpayers may be contemplating blessing their favorite charitable organizations with gifts of cryptocurrency. Beneficiaries unfamiliar with digital assets may find it challenging to properly report any of these types of donations. Likewise, taxpayers will need to ensure that they properly value and substantiate any contributions or potentially risk their charitable deductions being denied. This course will provide a brief overview of digital assets. This will be followed by a discussion of the rules regarding the documentation required when claiming a charitable contribution of digital assets. This course will also cover recent IRS publications and cases discussing taxpayers whose deductions of digital assets charitable gifts was scrutinized.

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:

• Intro to digital assets
• Differences between cryptocurrency and non-fungible tokens (NFTs)
• IRS Notice 2014-12
• Tax implications of contributing digital assets
• Gift tax rules for donating, gifting or bequeathing cryptocurrency and NFTs.
• Substantiating charitable contributions of digital assets
• Traps for the unwary.

Who will benefit:

This course is suitable for Corporate tax and finance executives, directors, managers and staff, CPAs, Enrolled Agents, accountants, attorneys and business/financial advisors who work with and advise individuals or businesses that use or invest in cryptocurrency. All in-house and public practice p

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

A discussion of recent law changes that impact capitalization, depreciation, and disposition of assets.

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:

• Recent tax legislation and developments related to capitalization
• Eligible property for Section 179 and Section 168(k)
• Discussion of the Section 179 deduction and its use to depreciate real property
• The Section 168(k) deduction and its use to depreciate real property
• Disposition of segments of real property
• Exchanges of tangible personal property after repeal of the like-kind exchange rules
• Other related topics

Who will benefit:

CPAs in public practice and industry seeking an update on the latest tax developments affecting capitalization, depreciation, and disposition.

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

If there is a potential error, the IRS will assess a tax and add a hefty penalty, without even knowing the facts. As a tax professional, you will be exposed to the IRS and their methods of penalizing taxpayers for the smallest of violations. This presentation will focus on the rules and regulations that create the penalty, and the reasons that exist that the IRS will consider to remove those 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 course include:

• The authority of the IRS in assessing tax penalties.
• The types of penalties that can be removed.
• The process the IRS uses to evaluate penalty abatements.
• How to request penalty abatements.
• Best practices in asking for penalty abatement, including using appeals.

Who will benefit:

Tax professionals, including CPAs, EAs, and tax attorneys.

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

This course explores the complex rules of installment sales, with a focus on their tax treatment and strategies to maximize the benefits.

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:

• Installment sale treatment eligibility
• When to elect out of installment sale treatment
• Installment sale of business assets
• Installment sale default and the rules for personal property versus real property
• Installment sales and depreciation recapture

Who will benefit:

CPAs and members in industry seeking an in-depth review of installment sales.

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

Tax planning strategies for new businesses considering electing S corporation status, and the pros and cons of switching from a C corporation to an S corporation.

Learning Objectives:

- Recognize When an S corporation may be advantageous for A business.

- Identify the potential disadvantages of operating AS an S corporation.

- Identify permitted Fiscal years, elections, and user fees.

- Recognize When the S election becomes effective.

- Identify shareholder consent rules and causes of invalid elections.

- Recognize events causing involuntary termination.

- Recall the path to making A new election after termination.

- Recognize When an S corporation is subject to tax at the entity level.

Who will benefit:

- public accounting Firm staff and senior associates

- CPAs

- S corporation tax filers

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.