National Society of Accountants Offers CPE Webcast Series

Successfully Negotiating Offers in Compromise

The Internal Revenue Service totally revised its system of offers in compromise. The changes have increased the probability of a successful offer in compromise. Practitioners must comply with complex rules for settlement of outstanding tax obligations but with an understanding of the new rules, you can substantially reduce many tax obligations.

IRS CE: 2 Hours/Federal Tax Law

NASBA CE: 2 Hours/Taxes

Presented by Robert E. McKenzie, EA, Attorney

 

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September 10, 2015

Planning with the Education Tax Credits

This webinar serves as a technical reference guide for tax preparers on a very complex issue, the use of post-secondary tax education deductions and credits. The Treasury has noted a high error rate in reporting these tax incentives, so it becomes more important than ever to get the numbers right. Topics addressed include the definitions of such key concepts as “qualified tuition and related expenses,” “academic term,” and “eligible academic institution.” It will also identify who is eligible to claim the tax benefit for the qualifying expenses, address the question of whether tax deductions or credits should be claimed, and ascertain whether it may be preferable not to claim a child as a dependent. The presentation will include numerous examples, tax planning tips, and detailed case studies.

IRS CE: 2 Hours/Federal Tax Law

NASBA CE: 2 Hours/Taxes

Presented by John Everett, CPA, Ph.D and Cherie Hennig, CPA, Ph.D

 

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September 17, 2015

Schedule E in the Real World

The Schedule E has had many changes over the years and most recently requires much more detailed reporting. The hot issues are passive activities and loss rules, self-rentals, vacation/short-term rental, qualified joint ventures, and that’s just Page 1! This webinar will present scenarios and provide resources to file the Schedule E in the real world of your practice.

IRS CE: 1 Hour/Federal Tax Law

NASBA CE: 1 Hour/Taxes

Presented by Kathy Hettick, EA, ABA, ATP and Gene Bell, EA, ATA, CFP

 

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September 24, 2015

Hot Topics in Federal Tax Controversy

This webinar will cover current IRS enforcement priorities, including international tax compliance/Offshore Voluntary Disclosure Program, FBAR/FATCA reporting, and audit rates and trends. The program will also cover the latest developments regarding to the IRS Criminal Investigation Division as well as IRS collection activities.

IRS CE: 2 Hours/Federal Tax Law

NASBA CPE: 2 Hours/Taxes

Presented by Matthew Lee, Esq.

 

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September 29, 2015

Planning for the Additional Medicare Tax and the Net Investment Income Tax

This webinar will address the increased compliance burden placed on high-income individuals by the Additional Medicare tax and Net Investment Income Tax (NIIT) and various tax planning strategies that will minimize the two taxes. It will cover important issues such as who is subject to the Additional Medicare Tax, the definition on “net investment income,” and the importance of choice of business entity in evaluating the ramifications of these two taxes. Specifically, the potential of reducing the total tax burden by shifting business income to the S corporation will be discussed. Tax compliance issues when computing and reporting these taxes will be addressed. The presentation includes numerous examples and case studies.

IRS CE: 2 Hours/Federal Tax Law

NASBA CE: 2 Hours/Taxes

Presented by John Everett, CPA, Ph.D and Cherie Hennig, CPA, Ph.D

 

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October 6, 2015

Who is Really the Innocent Spouse?

Many times after filing a joint return spouses have opposing views of who should be responsible for a resulting tax obligation when the IRS comes to call. The IRS innocent spouse rules allow more taxpayers to receive relief from joint tax obligations. This webinar will cover how to identify the who, how, and when to file for relief; recognize injured spouse relief; list the essential procedures and preparation of forms to get relief; determine the clients’ appeal options; identify the latest rules for §6015(f) (equitable relief) and retroactive remedies available; use application of community property rules; and apply IRS collection related remedies.

IRS CE: 2 Hours/Federal Tax

NASBA CPE: 2 Hours/Taxes

Presented by Robert E. McKenzie, EA, Attorney

 

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October 8, 2015

Basis, Basis, Basis for S-Corp Shareholders

For preparers who compile tax returns for S-Corporations or for S-Corporation shareholders, one of the biggest challenges is the calculation of shareholder basis. This webinar will cover how profits and losses, distributions, dividends and shareholder loans affect basis. It will go through calculations and help attendees establish a solid process for establishing basis for S-Corporation and shareholder tax clients.

IRS CE: 1 Hour/Federal Tax Law

NASBA CE: 1 Hour/Taxes

Presented by Kathy Hettick, EA, ABA, ATP and Gene Bell, EA, ATA, CFP

 

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October 22, 2015

ACA – Individual Mandate and Premium Credits

The Affordable Care Act offers both a carrot (premium credits) and a stick (the individual mandate, or Shared Responsibility Payment–SRP) as a method of encouraging individual compliance with its provisions. This webinar examines each of these components in detail and explains the Federal and State Market Place. The Individual Mandate is examined in detail, with a focus on (1) determining “minimum essential health insurance coverage” and related exemptions and (2) computing and reporting the SRP through numerous examples and cases studies. Qualifications for and reporting of the individual premium credits is discussed in detail and is supplemented with numerous examples.

IRS CE: 2 Hours/Federal Tax Law Update

NASBA CPE: 2 Hours/Taxes

Presented by John Everett, CPA, Ph.D and Cherie Hennig, CPA, Ph.D

 

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November 3, 2015

Audit Reconsideration

Sometimes clients fail to timely respond to IRS examination notices. As a result the IRS makes an assessment and issues collection notices. This webinar will cover the option to seek an audit reconsideration. It will also discuss the taxpayer’s options when the IRS denies their request for audit reconsideration.

IRS CE: 2 Hours/Federal Tax Law

NASBA CPE: 2 Hours/Taxes

Presented by Robert E. McKenzie, EA, Attorney

 

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November 5, 2015

Preparer Due Diligence in the Real World

This webinar will define “due diligence” and what is required in working with tax preparation clients. Scenarios and resources will be presented to help attendees learn how to develop a strategy for client meetings to ask clients the right questions to get the right information, describe the importance of documentation, recognize the potential for conflicts of interest, and define a process of persistence and consistence in their offices.

IRS CE: 1 Hour/Federal Tax Law

NASBA CE: 1 Hour/Taxes

Presented by Kathy Hettick, EA, ABA, ATP and Gene Bell, EA, ATA, CFP

 

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November 12, 2015

ACA – Business Mandate and the Small Business Credit

The Affordable Care Act offers both a carrot (small business premium credits) and a stick (the employer mandate, or Shared Responsibility Payment–SRP) as a method of encouraging business compliance with its provisions. This webinar examines each of these components in detail, highlighting the compliance aspects of each provision. The Employer Mandate will be examined in detail, with a focus on (1) determining “minimum essential health insurance coverage” and related exemptions and (2) computing and reporting the SRP through numerous examples and cases studies. The latter coverage highlights the differing treatments for employers who offer no health insurance coverage for employees as compared to employers who offer inadequate coverage and/or coverage that is too expensive for employees. Qualifications for and reporting of the small business premium tax credits will be discussed in detail and is supplemented with numerous examples. Special transition relief rules related to the tax year 2015 are also discussed.

IRS CE: 2 Hours/Federal Tax Law Update

NASBA CPE: 2 Hours/Taxes

Presented by John Everett, CPA, Ph.D and Cherie Hennig, CPA, Ph.D

 

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December 1, 2015

Avoiding Ethical Violations

During 2011 the IRS announced major revisions to Circular 230. In 2012 it announced new proposed changes. Tax professionals in busy practices may inadvertently face an ethical problem. Circular 230 has recently been revised and it has imposed new duties and responsibilities upon practitioners who represent taxpayers before the IRS. Anyone who practices before the IRS must comply with these requirements. This webinar is designed to help avoid violating ethical duties. Topics include new standards and penalties for tax preparers, new Circular 230 duties, potential conflicts of interest, correction of taxpayer mistakes, “unconscionable” fees, return of client records, and what taxpayer confidences may be disclosed to the IRS?

IRS CE: 2 Hours/Federal Tax Law

NASBA CPE: 2 Hours/Taxes

Presented by Robert E. McKenzie, EA, Attorney

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December 10, 2015

Advantages and Disadvantages of Electing to be Taxed as an S-Corporation

S-Corporations continue to be the most popular entity for a small business. Is it the best choice for clients? This webinar will cover the tax advantages and disadvantages of electing to be taxed as an S-Corporation. Attendees will better understand issues such as the built-in gains tax; NIIT, double taxation; flow through; insufficient basis and at-risk rules; debt basis; fringe benefits; distributions vs payroll; dividends; small business stock sale; one class of stock; inability to make special allocations; limited shareholders; limited liability; perpetual life; strict administration and avoiding accumulated earnings tax.

IRS CE: 1 Hour/Federal Tax Law

NASBA CE: 1 Hour/Taxes

Presented by Kathy Hettick, EA, ABA, ATP and Gene Bell, EA, ATA, CFP

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All upcoming NSA ConnectED webinars start at 2:00 pm Eastern Time. One hour webinars are $35 for members and $65 for non-members. Two hour webinars are $65 for members and $95 for non-members. Order four or more live or archived webinars in one order and receive a 20 percent discount.

A complete list of webinars can be found at webinars.nsacct.org, including a full lineup of recorded, on-demand CPE webinars that are available for purchase. More information is also available by calling NSA at 800-966-6679.