Tax planning is an essential part of the services you offer. This course will cover common situations in which you’ll need to be prepared to develop a tax strategy for your client. Trending topics include how to handle a client’s sale of business with a focus on partnerships, corporations and S corporations; a look into fringe benefits and the proper tax treatment; how to handle unique rental property scenarios; and how net investment income tax (NIIT) can impact taxpayers. To help you understand the practical application of tax strategies, we’ll include examples that demonstrate how tax planning can be customized to meet the unique needs of different clients.
As the IRS continues its enforcement efforts, taxpayers will see an increase in notices. You’ll also learn how you can help your clients address CP notices and the different kinds of representation you can add to the services you offer.
Upon completion of this course, you will be able to:
Analyze the tax impacts of selling a partnership, S corporation or C corporation
Determine the tax treatment of fringe benefits
Report unique rental property activities such as conversions of a primary residence and short-term rentals
Summarize how tax professionals can assist clients with IRS interactions
This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.
Course Year: 2023
Course Level: Update
Prerequisite: Fundamental knowledge of individual and business income tax
Advanced Preparation: None
Delivery Method: QAS Self Study
How to earn CPE
To receive credit for this self-study course, you must successfully pass the course exam with a score of 70% or better.
Self-study courses and exams generally expire one year from the date of purchase.
Because this is an online education offering, it is nonrefundable.