A Comprehensive Review of the Latest Tax Rulings and Changes
Federal Tax Update Self-Study
Get Ready for Tax Season When It Works for You
Using real life experiences with valuable materials, this self-study CPE opportunity will help you quickly understand recent tax changes and be prepared to file on behalf of your client’s best interests. You'll receive the most complete and up-to-date reference manual, written by renowned tax experts, Vern Hoven and Sharon Kreider. The digital PDF manual is hyperlinked to the Internal Revenue Code and other primary authorities, making it a resource not just during the course, but all year long.
Keep Up with Changes to Tax Law
included when you purchase the 2017-2018 Federal Tax Update.
Online
Get immediate access to the 2017-2018 Federal Tax Update learning and reference materials, allowing you to dive deep into the information you need. Download your CPE to any device, and take it with you so you can learn when and wherever you want. Complete your CPE with an online exam, and enjoy instant grading with the option to print your certificate immediately upon passing.
Hard Copy
You’ll receive a bound notebook of all the course materials for the 2017-2018 Federal Tax Update, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.
Self-Study Video
Experience high-quality instruction with our 2017-2018 Federal Tax Update Self-Study Video, available to you 24/7. You can see and hear Vern Hoven deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.
What You'll Learn in Our Federal Tax Update
Individual Tax Topics
- What Trump tax reform means to individual clients.
- A review of expired provisions.
- Tax problems faced by divorced couples.
- 20% Capital Gain rate and NII tax implications for high-income taxpayers.
- FBAR, FATCA and FFI reporting -- what you need to know.
- Recent tax court rulings on noncash donation substantiation.
- Changes to Education Credit rules.
- Tougher rules for EITC compliance.
- What ACA repeal and replacement means to individual clients.
- Why self-directed IRAs get more attention from the IRS.
- Tax issues for Airbnb rentals.
- Implications when converting a vacation home to rental activity.
- Six estate planning questions to ask your clients.
- Estate and gift tax threshold updates.
- Form 8971 estate reporting requirements.
- Final regulation on Portability Election.
Business Tax Topics
- What Trump tax reform means for our business clients.
- The 13 business activities sure to interest IRS auditors.
- Cautions for withdrawing or receiving cash payments of $10,000 or more.
- Taxing medical marijuana -- the facts.
- Deductions you need to know, including: conference fees, travel expenses, cell phones, and more.
- Section 179 Expensing Election for qualified real estate.
- Improving a building and writing off a portion of the original cost.
- R&D credit expanded for small business -- and how to use it against payroll taxes.
- New law starts for medical expense reimbursement plans (HRAs) in 2017.
- What ACA repeal and replacement means for our business clients.
- Prohibited transactions to avoid.
- Forms W-2s and 1099-MISC due date change problems.
- Why the Trust Fund Recovery Penalty is hard to escape.
- Partnership audit process changes for 2018.
- When an LLC member is subject to SE Tax.
Plus
- IRS Due diligence requirements in 2017.
- What to do when identity theft happens to your client.
- A warning on new phishing and phone scams aimed at tax preparers.
- The increases in Letter Ruling Fees.
- How to be ready with client verification when calling the IRS.
- The Top 10 most litigated tax issues last year.
- How to reduce amount when the IRS reconstructs income using the bank deposit method.
- When Innocent Spouse Relief can be used.
- A full review of recent case rulings and regulations that impact you and your clients, with source citations.
Tax Update Manual Included!
Receive a fully-linked, dynamic, PDF copy of our 2017-2018 Federal Tax Update Manual, when you purchase any Federal Tax Update course. This easy-to-use resource will support your success, not just in the course, but throughout the tax season.
MEET OUR EXPERT
Vern Hoven, CPA, MT, is one of America’s premier tax presenters and speaks to over 100 groups a year on a variety of tax topics. He teaches at Western CPE Federal Tax Update seminars and conferences and also produces self-study and webcasts courses. Vern consistently receives outstanding evaluations and has won numerous teaching awards.
Vern is the author of the best-selling Real Estate Investor’s Tax Guide and a favorite interviewee on radio, television, and in newspapers. Vern practiced in the public, governmental, and corporate accounting fields before starting his own public accounting practice in 1973, a firm that grew to one of the largest in western Montana. In 1985, he started his present tax consulting practice. CPA Magazine recognized Vern as one of the top 50 IRS representation practitioners in 2008.
