CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

All New and Current customers who purchase the Premium, Plus, or Core (Total Value Package) 2021 Federal Tax Update or the 2021 Federal and California Update will get the Tax Advisory Complement Bundle for free.

NOTE:

  • New Federal Tax Update customers will get an immediate email with a coupon code for the free course once their Tax Update purchase is complete.
  • Current Customers that purchased the Premium, Plus, or Core (Total Value Package) 2021 Federal Tax Update will get an email with a coupon code to get the Tax Advisory Complement Bundle for free.

Rarely Covered Tax Topics

Icon_Level
Basic
Credits
CPE Credits
6 Credits: Taxes

Course Description

There is a range of tax issues that arise on a regular basis in most tax practices, yet they are rarely discussed. This course aims to assist tax preparers in guiding their clients successfully through these situations. First, each year you find that at least one or two of your clients file for bankruptcy. The Internal Revenue Code provides very specific rules for such taxpayers. There are multiple issues for the practitioner to consider. After this class you will be able to identify those issues and properly prepare a return for the bankrupt client. Second, most states now have legalized gambling and almost every practitioner has clients who have had gambling winnings and losses. This class will cover recordkeeping requirements and the proper reporting of wins and losses. Many clients owe taxes to the IRS. During this class you learn the options available for clients with tax liabilities. We will cover IRS enforcement options and the remedies available to taxpayers including installment agreements, compromises, and suspension of collections for disadvantaged people.

Learning Objectives

Upon successful completion of this course, participants will be able to:

 

  • Discuss a range of rarely discussed tax issues that arise on a regular basis in most tax practices
  • Recognize tax issues arising when a taxpayer files bankruptcy
  • Determine the method by which a return should be prepared for a bankrupt client
  • Identify tax issues for clients who gamble
  • Protect your clients from IRS collection actions

Course Specifics

Course ID
21CLasVegasDec-LE20226967
Prerequisites

None

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-01803-21-I
IRS Federal Tax Law Credits: 6
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1594
CTEC Federal Tax Law Credits: 6

Course Instructor

Robert (Bob) E. McKenzie Headshot
Robert (Bob) E. McKenzie, EA, Esq.

Robert (Bob) E. McKenzie, EA, Esq., is a partner of the law firm of Arnstein & Lehr LLP of Chicago, Illinois, concentrating his practice in representation before the IRS and state tax agencies. He has lectured extensively on the subject of taxation and has made numerous media appearances, including on Dateline NBC and ABC World News Tonight. Bob has been elected to the American College of Tax Counsel where he serves as secretary/treasurer of its board of regents. Prior to entering private practice, he was employed by the IRS Collection Division in Chicago, Illinois. From 2009–2011, Bob served as a member of the …

Robert (Bob) E. McKenzie, EA, Esq. Read More »

Rarely Covered Tax Topics

CPE CREDITS
6 Credits: Taxes

$590.00

Availability: 42 in stock

Icon_Level
Basic
Credits
CPE Credits
6 Credits: Taxes

Course Description

There is a range of tax issues that arise on a regular basis in most tax practices, yet they are rarely discussed. This course aims to assist tax preparers in guiding their clients successfully through these situations. First, each year you find that at least one or two of your clients file for bankruptcy. The Internal Revenue Code provides very specific rules for such taxpayers. There are multiple issues for the practitioner to consider. After this class you will be able to identify those issues and properly prepare a return for the bankrupt client. Second, most states now have legalized gambling and almost every practitioner has clients who have had gambling winnings and losses. This class will cover recordkeeping requirements and the proper reporting of wins and losses. Many clients owe taxes to the IRS. During this class you learn the options available for clients with tax liabilities. We will cover IRS enforcement options and the remedies available to taxpayers including installment agreements, compromises, and suspension of collections for disadvantaged people.

Learning Objectives

Upon successful completion of this course, participants will be able to:

 

  • Discuss a range of rarely discussed tax issues that arise on a regular basis in most tax practices
  • Recognize tax issues arising when a taxpayer files bankruptcy
  • Determine the method by which a return should be prepared for a bankrupt client
  • Identify tax issues for clients who gamble
  • Protect your clients from IRS collection actions

Course Specifics

Course ID
21CLasVegasDec-LE20226967
Prerequisites

None

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-01803-21-I
IRS Federal Tax Law Credits: 6
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1594
CTEC Federal Tax Law Credits: 6

Course Instructor

Robert (Bob) E. McKenzie Headshot
Robert (Bob) E. McKenzie, EA, Esq.

Robert (Bob) E. McKenzie, EA, Esq., is a partner of the law firm of Arnstein & Lehr LLP of Chicago, Illinois, concentrating his practice in representation before the IRS and state tax agencies. He has lectured extensively on the subject of taxation and has made numerous media appearances, including on Dateline NBC and ABC World News Tonight. Bob has been elected to the American College of Tax Counsel where he serves as secretary/treasurer of its board of regents. Prior to entering private practice, he was employed by the IRS Collection Division in Chicago, Illinois. From 2009–2011, Bob served as a member of the …

Robert (Bob) E. McKenzie, EA, Esq. Read More »

Rarely Covered Tax Topics

CPE CREDITS
6 Credits: Taxes

$590.00

Availability: 42 in stock