5 Credits: Taxes
Combining the real-life experience of a practicing CPA with essential down-to-earth tax materials in a high-tech format, this powerful presentation will enable participants to quickly understand and implement tax reform changes and review IRS and Court actions. You’ll receive the most complete and up-to-date reference manual, written by renowned tax experts. The digital PDF manual is hyperlinked to the Internal Revenue Code, tax court decisions, and other primary authorities, making it extremely convenient. Join us as our world-class tax instructors share cutting-edge tax planning strategies in a high energy, often humorous presentation style using real-life experiences, which make complicated business tax topics easily understandable. Specific course topics will be announced and updated through year-end.
Upon completion of this course, participants will be able to:
- Cite the timing and impact of key provisions of new legislation including The Inflation Reduction Act of 2022, The Consolidated Appropriations Act of 2021 (which includes COVID-Related Tax Relief Act of 2020, Economic Aid to Hard-Hit Small Business, Nonprofits, and Venues Act of 2020, and Taxpayer Certainty and Disaster Tax Relief Act of 2020), American Rescue Plan Act of 2021, The Cares Act, and TCJA, and;
- Identify key relevant individual provisions of the IRA and TCJA and related guidance, and;
- Cite current thresholds and phase-outs for key provisions for 2023 and 2022, and;
- Identify requirements for various tax credits applicable to individual taxpayers, and;
- Cite the key requirements and thresholds related to foreign financial asset reporting, and;
- Identify relevant considerations for virtual currency, and;
- Identify relevant tax cases, and;
- Identify key provisions of legislation including SECURE Act of 2022, Consolidated Appropriations Acts, Cares Act, and related guidance, and;
- Identify rules and issues for IRAs, Roth’s, and qualified retirement plans, and;
- Cite limitations for contributions, distributions, and conversions, and;
- Identify issues with unique retirement plan situations such as self-directed IRAs, loans to participants, and prohibited transactions and the impacts on taxation and assessment of penalties, and;
- Identify key rules and regulations including:
- New legislation and clarifying notifications.
- The tax issues for online rentals, vacation rentals, and like-kind exchanges.
- Capital loss v. ordinary loss on sale of property.
- Cite the requirements for real estate rentals for both small investors and real estate professionals, and;
- Identify the rules for dealers versus investors in real estate, and;
- Cite estate and gift tax exemptions, tax rates, and limitations, and;
- Cite current rules and regulations from enacted legislation, and;
- Cite benefits and drawbacks of Family Limited Partnerships (FLPs) and Limited Liability Companies (LLCs).
June 6, 2023
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-02356-23-S
IRS Federal Tax Update Credits: 5
CTEC Course Number: 2071-CE-1921
CTEC Federal Tax Update Credits: 5
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.
Meet The Experts
Sharon Kreider, CPA, has helped more than 15,000 California tax preparers annually get ready for tax season. She also presents regularly for the AICPA, the California Society of Enrolled Agents, CCH Audio, and Western CPE. You’ll benefit from the detailed, hands-on tax knowledge Sharon will share with you—knowledge she gained through her extremely busy, high-income tax practice in Silicon Valley. With her dynamic presentation style, Sharon will demystify complex individual and business tax legislation. She’s a national lecturer for business and professional groups and consistently receives outstanding evaluations. In 2014, she was awarded the prestigious AICPA 2014 Sidney Kess Award …
Mark Seid, EA, CPA has over 25 years of experience in field of taxation focused on tax controversy. A National Tax Practice Institute graduate, Mark is admitted to practice before the U.S. Tax Court. He has served as an Internal Revenue Agent with the IRS in San Jose and San Luis Obispo, California, a state director for the California Society of Enrolled Agents, and the chair for the society’s Finance and Budget committee. He regularly presents courses to tax professionals on issues affecting small businesses.