|2023 Tax Season Issues (2 CE Fed Tax):
This seminar will cover Traditional and Roth IRA adjusted gross income phaseout limits and explains the tax consequences of Roth IRA backdoor conversions, explain new required minimum distribution rules and penalties, cover the new laws concerning penalty free retirement plan distributions and new retirement plan limits will be fully explained, cover which expenses qualify as higher education expenses for 529 distributions, explain the taxation and how to report nonqualified 529 plan distributions, review Filing Status, the Child and Dependent Tax Credit and Kiddie Tax rules including several examples, cover Schedule A including medical expenses, state tax deductions, mortgage interest and contributions, and Estate Tax and Gift Tax, Section 179 expenses and Bonus depreciation will also be covered.
Schedule B&D (2 CE Fed Tax):
Over the years investments have gotten increasingly complex along with how the financial information is reported. It is no longer just interest or dividends being reported but OIDs, specified private activity bond interest, bond premiums paid, and accrued interest paid to name a few. Sales of these investments are increasing in their complexities, especially when it comes to digital currency and how this currency is treated when sold, lost, or stolen.
This course is geared towards tax professions that prepare personal returns that contain investment income and dividends and sales of the several types of securities and other investments.
Understanding the new 1099K (2 CE Fed Tax):
The IRS updated the requirements for issuing Form 1099-K (and then postponed some requirements). We need to make sure our clients understand why they received the form and where it should be reported.
Ethics 2.0 (2 CE Ethics):
Ethics is a vital part of the annual continuing education for tax professionals. Circular 230 regulates our industry as to how we interact with clients, the Internal Revenue Service, and our practice. This module covers Circular 230 by examining scenarios to facilitate discussion and explore the requirements faced by tax professionals.
**As a chapter of NATP we cannot offer Federal topics as a webinar, it is a violation of our charter with NATP, these classes cannot be offered as webinars