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2011 Special Topics Workshop Course Book

  • "Things Learned During the 2011 Filing Season: Battle Scars and Casualties of War"

    This session introduces and reviews problems, challenges and solutions that arose during the tax season that every Tax Professional needs to be aware of so that they are ready for the continuing battles involved in preparing tax returns and reporting transactions. Many of the issues involved arose via the NSTP Hotline. The session includes items which include the determination of "inclusion or exclusion from gross income"; "deductible or not"; "where to deduct"; "where and how to report". Some of the topics include:

    • Addressing Exceptions to the §6654 Penalty for Failure to Pay Estimated Tax
    • §117 Issues Concerning Qualified Scholarships
    • §280B Demolition of Structures
    • Form 8082 Individual Tax Payer's Treatment of an Inconsistent Position From a Pass Through Entity
    • Schedule C at RISK Limitation Issues
    • §61(a)(12) Discharge of Indebtedness Transactions

  • "Tax Practice Improvement"

    This session discusses how the Tax Professional can improve the manner and method of running their practice. It will review: accepting or rejecting a potential client; firing a client and how.

    • Sample Engagement Letter Issues
    • Increasing fees and how and when to bill
    • Understanding the Importance of a Professional

  • "Corporate Issues for the Small Practice"

    • This session will discuss the format of the IRS Form 1120
    • Filing Requirements and Penalty Issues

    • Discussion includes dealing with the Balance Sheet and the Reconciliation of Book Income to the tax return and analysis of Retained Earnings (Schedules M-1 and M-2)
    • Discussion of Capital Loss Treatment by a Corporation
    • Limitation Issues of Charitable Contributions
    • Introduction to Earnings & Profits (E & P)
    • Constructive Dividend Issues
    • Etc.

"Depreciation Issues: When, How, Why and How Much"

  • The session will explore the periodic allocation of the cost of fixed assets over statutory useful lives. We will discover that there is more to learn than we thought.

    The session will review IRS Form 4562, IRC §168 and IRS Publication 946. It wil discuss:

    • Requirements to Meet
    • Excepted Properties
    • Basis of Fixed Assets
    • Recovery Periods
    • Date Placed in Service
    • Convention Periods (mid-Month, etc.)
    • Elections
    • Reporting Requirement
    • Etc.
      Members Non-Members
    Price: $50 $75

    Order Online »

We also recommend:

  • 2011 Ethics Course Book
  • 2011 Executive Session Course Book (§469 Passive Activities

Bundle and Save! Order all 3 books and save $14

 

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