National Society of Tax Professionals

Course Description: This course will introduce the Tax Professional to the Federal Income Tax issues and challenges surrounding the operataion of a sole-proprietorship as a taxable entity. Form 1040 returns that include a Schedule C have a greater chance of being audited than any other Form 1040 and as a result we will look at the critical issues facing the tax professional's dealings with proprietorship clients. Latest IRS Statistics report that over 25 million Schedule C's are filed each year and is the entity of choice for small businesses. The course will introduce issues pertaining to the TAX GAP in relation to Sole-Proprietorship and will discuss the importance of bullet proofing the return for audit purposes. In addition, the course will review the tax benefits and burdens of operating a business as a sole proprietorship.

Learning Objectives After completing the program, participants will be able to:

• Identify and categorize business expenses of sole proprietors
• Understand the important tax issues of the IRS Auditors
• Understand the importance of proper accounting and record keeping

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

Course Description: This course will introduce the tax professional to the preparation of Form 1065 for an entity doing business as partnership under Subchapter K of the Internal Revenue Code. It will discuss the issues pertaining to the entity itself not being subject to an income tax and the pass through those of tax characteristics to the investors. For the experienced preparers of Form 1065 it will strengthen the tax knowledge dealing with distributions, limitation on losses, special allocations issues and the concept of entity debt creating basis for the partners. It will reiterate the importance of inside and outside basis issues and the requirement of maintaining capital accounts for the partners. This course will discuss the tax issues of formation operation and legislation for both the entity and the investors.

Learning Objectives This course will provide the tax professional with the tools necessary to properly prepare the Form 1065 and the related Schedule K-1 of the partners. It will discuss the items which increase and decrease partner basis as well as discuss the impact of debt of the partnership. The course will discuss guaranteed payments to partners of the partnership as well as self-employment tax issues and distributions to partners.

• The course will discuss the general rule of tax free formation of the partnership to both the partners and the partnership under §721 as well as the designated exceptions to the non-recognition of income.
• The course will discuss the differences of the general partnership vs. other pass through entities under the Internal Revenue Code.
• The participant will also have an understanding of the federal tax issues of the check the box regulations for Limited Liability Companies and the general requirement to file a Partnership Form 1065.

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

Course Description: This course introduces the Tax Professional who has never prepared a Subchapter S Corporation Form 1120S with the basic knowledge needed to understand the flow of the tax characteristics of the separately stated and non-separated stated items of income, deductions, losses and credits as well as understanding the importance of a proper election to be taxed as a pass through entity. The course will also allow the experienced preparer of the Form 1120S the opportunity to review the election process and the importance of understanding basis limitations, ordering rules of basis and the importance of preventing the termination of Subchapter S election. In addition the course will discuss reasonable compensation of shareholder-employees and the distribution of net profits on a per-share, per-day allocation method.

Learning Objectives The participants will be able to determine the requirements of an entity to qualify to make the Subchapter S election and understand terminating events and the ramification of that termination. The participants will be able to identify and properly report separately stated and non-separately stated items of income, deductions, losses and credits. The participants will be able to understand the importance of properly accounting for shareholder stock and debt basis, distributions of Capital and the effect on the limitation of losses. They will also be able to reconcile book and tax income of the 1120S and understand the proper preparation of the schedule K-1 of the shareholders and the per-share, per day of allocation the tax results of the entity.

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

Course Description: This course reviews the position of the IRS and Treasury on the Defense of Marriage Act (DOMA) after the Windsor Supreme Court Decision. It reviews the opportunities and challenges of a filing status of married joint.

Learning Objectives After completing the program, participants will be able to:

• Identify possible tax implications as a result of the United States v. Windsor case
• Ascertain opportunities and traps of how to treat federal recognition of any valid marriage for tax purposes
• Explain tax transactions such as retirement accounts, transfer between spouses, gift-splitting, trusts, and S corporations

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

Course Description: This course introduces the tax professional to the special rules for preparing Form 1041 fiduciary income tax returns and discusses the reporting requirements and the pass through of tax characteristics from the entities to the beneficiaries. This course will introduce unique items that are critical for understanding the transactions of the entity vs. the beneficiary (ies).

Learning Objectives After completing the program, participants will be able to:

• Describe the reporting requirements of income and deductions related to transactions at the entity level
• Answer the questions of when, why and who pays the tax
• Discussion of the "pass through" entity requirements along with the proper reporting on Schedule K-1
• Differentiate between the "controlling documents" (Trust/Will) which tell the story of who the participants are and how the income and deductions are reported for those involved
• Identify the steps necessary in preparing a proper Form 1041

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

Course Description: This course introduces the particular issues related to filing taxes for a C corporation. It covers the issues of double taxation, reporting dividends and other distributions, calculating earnings and profits (E&P), and allocating E&P to shareholder distributions. The course also discusses challenges of constructive dividends and property distributions.

Learning Objectives After completing the program, participants will be able to:

• Explain the tax effects associated with C corporations
• Determine the allocation of E&P distributions under §312 of the IRC
• Differentiate between current year E&P and accumulated E&P, and allocate E&P to distributions

This course is designed for tax preparers, tax professionals, attorneys, CPA’s, EAs.

Course Description: This course covers Ethics in 2017 with focus on the updated Circular 230. Issues covered include rules governing authority to practice, duties, and restrictions related to practicing before the IRS, issues regarding fees and solicitation and standards for tax returns under Circular 230. Also included is a discussion on the status of the new AFSC program.

Learning Objectives After completing the program, participants will be able to:

• Describe the rules in Circular 230 that govern the "practice before the IRS"
• Explain duties and restrictions of practicing before the IRS
• Identify the standards for preparing tax returns

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

Course Description: Determining the basis of assets is critical in calculating depreciation, amortization, depletion, deductions, casualty losses and in establishing gain or loss when an asset is sold or exchanged.

Learning Objectives After completing the program, participants will be able to establish the basis of assets and determine the federal tax implications thereof:

• Introduction to the basis of assets
• §1001 Determination of gain and loss on the disposition of assets
• §1012 Basis of property at cost
• Cost basis of real estate
• Capitalized settlement costs
• Land and building Safe Harbor Allocation Rules
• Fair Market Value Issues
• Property received for services
• Bargain purchase Issues
• Basis of property converted to business or rental use
• Understanding the Importance of Placed in Service
• §1014 Basis of property acquired from a decedent
• §1015 Basis acquired by gift
• §1041 Property received from a spouse after July 18, 1984
• Property received from a spouse prior to July 19, 1984

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

Course Description: This course introduces the Tax Professional to the Federal Income Tax issues surrounding the "foreclosure and/or abandonment" of property and the issues of a "deemed sale" by the taxpayer when an abandonment or foreclosure occurs. In addition, the course will introduce the requirements of the "Cancellation of Debt", what is a "Cancellation", and in which tax year the cancellation actually occurs and requires the recognition of income.

Learning Objectives After completing the program, participants will be able to:

• Recognize when an "Abandonment or Foreclosure" of a property takes place
• Understand the concept and meaning of a "deemed sale" as the result of "abandonment or foreclosure"
• Know what the issuance of a IRS Form 1099-A means to a taxpayer in the current tax year
• Know what the issuance of a IRS Form 1099-C means to a taxpayer and the recognition of income for the cancellation of debt
• Know when there is an "exclusion" from the recognition of income when debt is cancelled

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

Course Description: A concise review of the application of §469 Passive Activity Loss rules and the rules pertaining to taxpayers who qualify as real estate professionals. Participants will gain a greater understanding of IRC 469 and related tax preparation issues.

Learning Objectives After completing the program, participants will be able to:

• Understand the general rules of §469
• Evaluate exceptions to Passive Activity Loss (PAL) rules and the PAL offset against the passive income generator as applied to Real Estate Professionals
• Identify IRC 469 issues of material participation, grouping activities, modified AGI and more
• Recognize the difference between "Active" and "Passive" participation
• Describe the requirements and time tests for Real Estate Professionals
• Define real estate trade or business and explain >5% ownership

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

Course Description: This course will introduce the Tax Professional to the IRS’s updated Repair Regulations in the decision making process of whether an expenditure is a current year deduction or a capitalized asset. Which must be depreciated over a statutory life and method. It will also introduce the "new safe harbor elections" available to taxpayers for specified costs and transactions. It will discuss and describe the concept of taxpayers with an "applicable financial statement" and taxpayers "without an applicable financial statement". It will discuss the issues of repairs, improvements and betterments that taxpayers will have to determine when the expenditures are incurred.

Learning Objectives After completing the program, participants will be able to:

• Identify the "safe harbor" rules available to taxpayers for expenditures on tangible property
• Identify taxpayers "with applicable financial statements" and taxpayers "without applicable financial statements" and the elections available
• Identify current year deductions vs. Capitalized Costs for assets placed in service
• Identify materials and supplies that are deductible in the current year vs. materials that are deducted only when used in the operation of the business operation
• Identify the special issues related to real estate property pertaining to the repair regulations

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

Course Description: This course covers the changes to the tax law and tax preparation in conjunction with the passage of the 2010 Patient Protection and Affordable Care Act, as well as the Health Care Act. The participant will review the issues faced during filing season and will review the next level dealing with the mandate of having health insurance coverage and the issue of penalties and credit for individual taxpayers and small business owners.

Learning Objectives After completing the program, participants will be able to:

• Explain the issues of §36B Premium Assistance Credit
• Describe the requirements of the Affordable Care Act Mandate
• Ascertain exempt status for taxpayers, and calculate the Shared Responsibility Payment for taxpayers who fail to obtain Minimum Essential Coverage

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

Course Description: This course reviews the importance of understanding allowable deductions on the tax returns. The courts and IRS are strict regarding the substantiation of expenditures and we offer a look at some of the issues facing the taxpayer and the tax professional and ways to improve being successful under audit.

Learning Objectives After completing the program, participants will be able to:

• Understand the meaning under §162 ordinary and necessary
• Understand the substantiation requirements of §274
• Be aware of why the taxpayer must keep good books and records

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

Course Description: This course introduces the Tax Professional to the Federal Income Tax Issues involving the death of an individual taxpayer. It discusses the requirements for filing a "final Form 1040"and introduces the accounting required for "Income in Respect of a Decedent" IRD and "Deductions in Respect of a Decedent" DRD. This course will include the importance of choosing the proper filing status for the year of death and elections available to the personal representative for the "final Form 1040". It will discuss the tax implications of account balances after death for IRAs, HSAs, etc. and the tax issues of an Estate and Survivors.

Learning Objectives After completing the program, participants will be able to:

• Identify the important tax issues for preparing the final Form 1040 of a decedent
• Advise the personal representative of a decedent on the special elections available on the final Form 1040 as well as advice to the surviving spouse and the unique issues involved
• Advise the personal representative of a decedent on the issues involved for non-spouse beneficiaries of the decedent
• Introduce the personal representative to the requirements for filing an Estate or Trust Fiduciary Income Tax return Form 1041 and the impact, if any, on the beneficiaries

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

Course Description: This course will provide both the beginning and seasoned Tax Professional with a broad background of the various issues surrounding the determination of worker classification status and the Tax Professional’s Role. It will include the issues concerning the responsibilities of tax withholding at the source and a review of the regulations on these issues. The course will introduce the 20 factor tests of the 1984 Revenue Ruling and the issues involved in filing IRS Form SS-8. It will discuss the 3 categories of evidence as defined by the IRS and the course will review court cases and the results of those rulings needed for planning with your clients. This is a "get down in the weeds" workshop in determining who might need to be issued IRS Form 1099 Misc. vs IRS Form W-2. In addition, the §530 Safe Harbor Rules of the 1978 Tax Reform Act will be reviewed in discussing the defense against the possible assessment of penalties.

Learning Objectives After completing this program, participants will have a better idea of how to advise their clients who need to determine the status of a worker based on the specific facts and circumstances.

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

Course Description: This course introduces the Tax Professional on the requirements that need to be reviewed when assisting a client on determining the proper filing status for the current tax year. It discusses whether a couple is "considered married" on the last day of the tax year under all the pertinent facts and circumstances. The course reviews the rules pertaining to a "Qualifying Widow(er)" and when a taxpayer qualifies for a filing status of "Head of Household". In addition, the course addresses the determination of who is a "qualifying child" and the tests involved in doing so. Also discussed is the definition and qualifications of claiming a dependency exemption for someone who is a "qualifying relative". The course will review the requirements of the "shared responsibility payment" issues under the Affordable Care Act (ACA) when claiming someone as a dependent.

Learning Objectives After completing the program, participants will be able to:

• Identify the filing status of a taxpayer for the current tax year
• Determine if a couple is "considered married" for filing status purposes
• Identify the tax issues of filing as "Married Separate vs. Single vs. Head of Household"
• Understand the tax benefits for a filing status of "Qualifying Widow(er)"
• Understand the importance of providing "minimal essential coverage" for someone who qualifies as a "dependent" in the current tax year

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

Course Description: Schedule C has become a prime target for audit by the IRS. We will look at some of the issues regarding critical issues facing the tax professional's dealings with proprietorship clients.

Learning ObjectivesAfter completing the program, participants will be able to identify and categorize business expenses of sole proprietors.

• §162 Ordinary and Necessary Business Expenses
• Sole Proprietor Issues High Up on the IRS "Tax Gap" List
• Due Diligence Issues of the Preparer
• Form 1099 MISC Reporting Responsibility of Taxpayer
• Net Trade or Business Loss vs. §183 Hobby Loss Limitation
• Active Participation vs. Passive Involvement
• Self-Employment Tax Required on Net Business Income
• Pension Contribution Amounts Allowable on Page 1 of Form 1040
• §195 Startup Expenditures
• Record Keeping Responsibilities of the Taxpayer and Preparer
• Principle Business Activity and Standard Industry Code Issues
• Form 8829 Home Office Deduction Available if Exclusive and Continuous Use
• Benefits of Hiring Spouse and Providing Health Benefits to that Spouse’s family
• Business Owned Together By Spouses: Partnership vs. Election of Two Separate Schedule Cs
• §274 Substantiation Rules for all Allowable Deductions
• Accounting Methods Available
• Material Participation Issues
• Inventory Methods and Requirements of Reporting
• §465 At Risk Limitation Issues
• Acquisition and Sale of a Schedule C Business and §1060 Basis Issues
• §195 Startup Expenditures
• §280F Automobile Use and Accountability

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

Course Description: This course will provide the Tax Professional with an in depth understanding of issues facing clients who are concerned about transferring assets during their lifetime and at the time of death. It will discuss the concept of the unified transfer tax for Estates and Gifts and the importance of taking inventory of their assets, liabilities and responsibilities for proper identification of each. The cause will not be a preparation of the Form 706 since most taxpayers will not be subject to the tax because of the high threshold for filing the returns but will educate the tax professional as to the importance a good estate plan. It will introduce the participants to the tools available to assist the taxpayer in having a good lifetime estate plan.

Learning Objectives After completing the course, tax professionals will be able to assist clients with the design of an estate plan and educate the client about getting organized and recognizing the importance of gathering pertinent data about their assets liabilities and responsibilities for proper identification of each. The Tax Professional will also learn about the role of the personal representative of the decedent and be alerted to the administrative responsibilities of accounting for property, debt, and beneficiaries.

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

Course Description: The objective of this course is to provide the Tax Professional with a deeper understanding of the federal income tax provisions that apply to taxpayers who incur expenses for medical care for themselves their spouse and their dependents and in which year those expenses are allowed to be deducted. The course will also review the deductibility of taxes incurred and paid for income taxes, personal property taxes, sales tax and Real Estate taxes of states, local jurisdictions and foreign countries.

Learning Objectives After completing this course, tax professionals will be able to apply the federal income tax provisions allowing the deductibility of state, local and foreign income taxes; real estate taxes paid to state, local and foreign countries as well as personal property taxes and sales taxes paid to state and local governments.

In addition the participants will be able to identify which medical costs are allowable as a deduction on Schedule A and which expenses cannot be deducted and why.

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

Course Description: The objective of this course is to introduce the tax professional to the federal income tax provisions that apply to taxpayers who are separated or divorced from their marital spouse. The course discusses filing status, exemptions, dependents, alimony, child support, property settlement agreements and the transfer of assets. The course will also address other issues that often occur as a result of separation and divorce that are needed in advising taxpayers and in preparing the tax returns of separated and divorced taxpayers.

Learning Objectives After completing this course, tax professionals will be able to apply the Federal tax rules when filing taxes for a separated or divorced taxpayer, including filing status, qualifying child rules, and exemptions for children. They will also be able to evaluate community property issues, alimony and child support. Individuals will learn to explain qualified domestic relations orders (QDRO), and understand the difference between a taxpayer who is an injured spouse vs. a taxpayer who is an Innocent spouse.

In addition the tax professional will be able to determine the issues on property transfers and the basis of assets under §1041.

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

Course Description: The objective of this course is to introduce the Tax Professional to the §165 provisions of the federal income tax rules dealing with casualty and theft loss deductions pertaining to individual taxpayers. The course will discuss the requirements of deductibility and will introduce and discuss new terms such as “identifiable event,” “sudden and unexpected and unusual.” It will clearly identify which casualties and losses are not deductible. The course will introduce and discuss the 2 limitations under $100 rule and the 10% of Adjusted Gross Income (AGI) rule.

Learning Objectives After completing this course, tax professionals will be able to apply the provision of §165 and determine which casualties and theft are allowable as a deduction in the current tax year and why. The participants will also understand how to calculate a casualty or theft loss for individual taxpayers and determine how much of the loss can be deducted after reduction for the $100 and 10% of AGI limitations.

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

Course Description: The objective of this course is for the Tax Professional to understand what is allowable as a charitable contribution to a §501(c)(3) organization and stress the importance of strict substantiation rules for every contribution of cash and property to the charitable entity. The course will discuss the regulations addressing contributions of $250 and more as well as contributions of more than $500 and the appraisal requirements when the cumulative property contribution is greater than $5,000 in the current tax year.

Learning Objectives After completing the course, tax professionals will have a clear understanding of the substantiation requirements of contributing any amount of cash to a §501(c)(3) as well as the regulations for any contribution of $250 or more and cumulative property contribution of more than $500 during the tax year requiring the filing of Form 8283.

In addition the tax professional will better understand the regulations pertaining to the cumulative contribution of property of more than $5,000 and the requirements of a “qualified appraisal” by a “qualified appraiser”

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

Course Description: The objective of this course is for the Tax Professional to understand what deductions are allowed under §163 for interest paid and incurred on debt related to a taxpayer’s principal residence, second home, and investments held by the taxpayers. It will discuss the issues related to investment income and investment expenses and define net investment income for purposes of deductibility on Form 4952. It will discuss issues of carrying forward current year unused investment interest to future tax years. The course will also review the deductibility of “qualified mortgage insurance” and the phase out based on AGI. In addition, the course will discuss “qualified acquisition indebtedness” and “home equity indebtedness” on a “qualified residence” of the taxpayer. It will review the limitations of debt up to $1 million on “acquisition indebtedness” and the $100,000 limitation on “home equity indebtedness.”

Learning Objectives After completing the course, tax professionals will be able to identify “acquisition debt” to buy, build or substantiality improve a “qualified residence” and the applicable dollar limitations as well as understanding the reporting responsibilities on Schedule A. The participant will better understand the deductibility of investment interest paid on investment property and the issues of carrying forward unused investment interest. The participant will better understand the specified reporting requirements of interest on the Schedule A.

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

Course Description: This course provides Tax Professionals with a broad base of knowledge needed to properly and successfully represent their clients in an IRS audit. This course will provide details in the areas of:

• Tax Representation including the history, definition, description, and qualifications of a Representative and the types of Representatives.
• Taxpayer Audit including the audit selection criteria and types of auditors and audits.
• Auditor’s Process including the Notice of Examination, Auditor’s resources, and the Information Document Request (IDR).
• Representative’s Process including the client engagement, the client interview and documents and the representative’s resources.
• Examination of the Return including review and lack thereof of client records, disagreement with the auditor and the auditor’s report, the appeals process, audit reconsideration issues and petition to Tax Court.

Learning Objectives At the completion of this course, you will have a full understanding of the types of audits, and the auditor’s process, the steps needed to prepare your client, specifics of the return examination, and options the taxpayer has during the audit conclusion process. You will be prepared to represent your client whether your client’s examination can be handled entirely by mail or involves a face-to-face interview with a revenue agent.

This class and material is designed to be a guide for the beginner as well as the seasoned tax representative.

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

Course Description: This course introduces issues related to filing taxes for a small C-Corporation. It covers imposition of the corporate income tax structure; estimated tax payment issues; filing requirements of corporate returns; capital losses; rules for carryover and carryback; charitable contributions; the reconciliation of taxable income and financial net income as reported on Schedule M-1, and much more.

Learning Objectives After completing the program, participants will be able to describe:

• The corporate income tax structure
• Determine estimated tax for a small C-Corporation
• Fulfill the filing requirements of a corporate return
• Explain capital losses in relation to carryover and carryback
• Ascertain when to file Form 1139 vs. Form 1120x.

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

This course reviews and defines the current tax law changes as it applies to the definition of repairs or improvements and updates, which costs can be deducted currently and which costs must be depreciated. The course discusses units of property for buildings under the new regulations, defines materials and supplies eligible for a current deduction, de minimis rules, and explains the method of electing safe harbor treatment for qualified small taxpayers. During this session, we will review the changes to Form 3115, when it is appropriate to use the form, and which transactions require the filing of Form 3115.

Learning Objectives After completing the program, participants will be able to:

• Determine the difference between a current year expense and expenditure to be capitalized
• What are the various safe harbors for small business and how to elect the appropriate one
• Identity the five major changes to the regulations and their effect on the small business owner
• What is a Unit of Property (UOP)?
• When is an applicable financial statement (AFS) required
• What are differences between those taxpayers with an AFS and without an AFS
• Identify the de minimis safe harbor rules
• Under what conditions would a taxpayer fully expense materials and supplies and when would the expenditure be capitalized.
• When would a taxpayer be able to elect to capitalize materials and supplies

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

This course reviews and defines the current tax law changes as it applies to the definition of repairs or improvements and updates, which costs can be deducted currently and which costs must be depreciated. The course discusses units of property for buildings under the new regulations, defines materials and supplies eligible for a current deduction, de minimis rules, and explains the method of electing safe harbor treatment for qualified small taxpayers. During this session, we will review the changes to Form 3115, when it is appropriate to use the form, and which transactions require the filing of Form 3115.

Learning Objectives After completing the program, participants will be able to:

• Determine the difference between a current year expense and expenditure to be capitalized
• What are the various safe harbors for small business and how to elect the appropriate one
• Identity the five major changes to the regulations and their effect on the small business owner
• What is a Unit of Property (UOP)?
• When is an applicable financial statement (AFS) required
• What are differences between those taxpayers with an AFS and without an AFS
• Identify the de minimis safe harbor rules
• Under what conditions would a taxpayer fully expense materials and supplies and when would the expenditure be capitalized.
• When would a taxpayer be able to elect to capitalize materials and supplies

This course addresses the payroll issues that confront for small businesses with employees. Includes proper filing requirements Form 940, 941, and W-2

Learning Objectives After completing the program, participants will be able to:

• Identify required payroll tax fillings
• Explain differences between independent contractor and employee
• Calculate small business health care credit
• Recognize and evaluate S Corp Shareholder-Employee Issues

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

This course addresses the payroll issues that confront for small businesses with employees. Includes proper filing requirements Form 940, 941, and W-2

Learning Objectives After completing the program, participants will be able to:

• Identify required payroll tax fillings
• Explain differences between independent contractor and employee
• Calculate small business health care credit
• Recognize and evaluate S Corp Shareholder-Employee Issues