The presentation includes an in-depth discussion of the when the Forms 1065 and 1120S, Schedules K-2 and K-3 must be completed, as well as important developments for filing 2021 flow-through entity tax forms and other recent developments impacting both partnership and S corporation entities. 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:

• IRS enforcement against partnerships
• New K-2 and K-3: 2021 partnership and S corporation tax forms on foreign transactions
• Sale/merger of a partnership
• The new Sub S Form 7203 - shareholder basis computation
• S corporation compensation
• PPP loans and the Forms 1065 and 1120-S

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

Understand the intricacies of the ever-popular S corporation form of doing business and consider the tax effect that various types of S corporation distributions will have on the corporation’s shareholders. Updated for the latest guidance on recently enacted tax legislation, this course examines planning and reporting successful complex S corporation transactions. The uses of Qualified Subchapter S Subsidiaries are also explored to help you minimize your client's tax bill with winning strategies related to this type of entity.

Learning Objectives:

· Interpret the rules relating to the adjustment of basis in stock by S corporation shareholders.

· Calculate gain and loss on the distribution of property.

· Identify the rules concerning fringe benefits received by S corporation shareholder-employees.

· Apply the corporate reorganization rules to S corporations.

· Calculate the tax effect of a redemption of S corporation stock.

· Apply the rules relating to Qualified Subchapter S subsidiaries.

Who will benefit:

· Managers and partners in public accounting firms

· CPA sole proprietors specializing in taxation of S corporations

· Tax planning professionals

THIS IS AN AICPA HOSTED WEBCAST. YOU WILL LAUNCH THE COURSE FROM YOUR OSCPA LEARNING 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.

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

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

Fringe benefits are just another way of paying your employees. Do you know how to correctly track fringe benefits, as well as apply and report the various withholding tax rules for those fringe benefits? The IRS says fringe benefits must be included in and reported as a part of employee pay, but with any good tax law, there are always exclusions to that rule. Knowing how to handle fringe benefits can be complicated, especially in an area that changes on an annual basis. Attendees will leave with an understanding of what the requirements are around fringe benefits, what constitutes a fringe benefit, and whether it is taxable or not. We will also explore the evergreen areas of reporting S-Corp Shareholder Health, HSA, and when cash is not taxable compensation. 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:

• What is and what is not a fringe benefit
• Payroll tax withholding rules on taxable fringe benefits
• Payroll reporting on employee checks, payroll returns, and W-2s
• What to watch for at year end and where to go to get resources

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

You are likely familiar with the various forms of penalty relief (reasonable cause, administrative remedies, and first-time penalty relief), BUT can you apply this and consistently expect a favorable outcome? This program will focus on crafting a well-executed request for penalty relief, along with exploring a lesser-known option which can be employed as an effective case resolution tool. 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 basis for penalty relief
• Differing options for penalty relief
• Employing an effective strategy using different forms of penalty relief
• Appealing any proposed rejections
• A clever penalty relief strategy for full pay case

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

In the course of legal actions, payments may be made pursuant to a final disposition of a court case or a mutually agreed-upon settlement. This course will cover the tax implications for payments made for personal injury, emotional distress, lost wages, punitive awards, pre- and post-judgement interest, contract claims, among other damages. 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:

• Types of damages or remedies that can be awarded or agreed upon pursuant to litigation
• Review of the Internal Revenue Code and regulations governing the taxation of various types of litigation payments
• Suggestions for drafting pleadings or settlement agreements

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

Who investigates tax crimes and how are tax crimes prosecuted? Considered the "World's Finest Financial Investigators", the IRS-Criminal Investigation (IRS-CI) has sole jurisdiction in tax crimes and boasts a greater than 90% conviction rate. This agency was responsible for Al Capone going to federal prison and 90 years later they continue to investigate tax crimes such as tax evasion, filing false tax returns, and unpaid employment taxes. The course discusses how IRS-CI finds tax cases to prosecute, what happens during the course of the investigation, what techniques are used to prove tax crimes, what federal criminal statutes are commonly used, how IRS-CI evaluates an investigation, and the expected consequences of a successful prosecution.

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

• Who investigates tax crimes?
• How are the tax crimes found?
• What happens if tax crimes are discovered?
• What steps are taken from the beginning of the investigation to imprisonment?

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

This course will identify the factors in the choice of entity decision while considering the impact of various recent tax act provisions. 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 various entities, including sole proprietorships, single member LLCs, partnership/LLCs, S corporations, and C corporations.
• Impact of the Section 199A deduction
• Ramifications of the C to S election and the S to C election
• Corporate tax rate to individual tax rate comparison examples
• Other related topics

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

This program will provide a detailed analysis of the real estate professional passive activity rules, including forms reporting examples, and integrates those rules with when real estate is considered a "business" under the Section 199A flow-through entity deduction. 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:

• Definition of a real estate professional
• Pros and cons of being a real estate professional
• Integration of the real estate professional rules with reporting on Form 1040, Schedule E
• Real estate professionals and indirectly owned (partnerships, S corporations) entity's reporting on Form 1040
• How "real estate business" is interpreted under the Section 199A rules and how it integrates with the passive activity rules
• Real estate professionals and the Form 8582 (Passive Activities)
• How to make the "grouping" election for passive activities and the flow-through deduction
• Several real-life situations illustrating the various possibilities and the consequences of failing to comply with the real estate professional standards
• Real estate professionals and the "former passive activities" rules

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

You are likely familiar with and/or have experience with IRS summonses. BUT - Did you know there's a lot of procedure and decorum that goes into issuing a summons that you can leverage to help your client? This program will focus on the basics of an administrative summons, what the IRS can summons for, how you should comply with a summons, summons referral criteria, and common errors and misnomers the IRS can make in generating/serving a summons. 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 ingredients that make up an IRS summons.
• The IRS' legal authority to summons.
• How to comply with a summons.
• Whether to appear in response with your client or not.
• Common errors the IRS can make that will invalidate a summons.
• Following DOJ summons referral process; all based on an actual case.

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