CPAR Taxes

CPAR - 2019/May, Seg.01 - 2018 Returns: Still on Preparers' Minds (and Desks)

Course Overview
Preparers are now facing a much greater number of returns than usual that are on extension. But, in order to complete those returns, they require additional guidance from the IRS and/or technical corrections from Congress. Barbara Weltman, president of Big Ideas for Small Business, addresses a number of lingering 2018 tax issues, from the good news of the underpayment penalty for those clients who were under-withheld to the persistent issues surrounding the deduction of meals and entertainment.

Learning Objectives:

Upon successful completion of this segment, you should be able to:

  • Explain why state tax refunds from 2018 returns could create income on 2019 federal returns;
  • Identify why IRS may be questioning employer's substantial non-compensatory reason for providing meals;
  • Distinguish between the new calculations made for S corporation shareholders and the disclosures for certain partners; and
  • Define what is meant by a "decrease in tax" for a reportable transaction.

Content Partner:

CPA Reports Online

Prerequisites/Advanced Preparation:

Work experience in tax planning or tax compliance, or an introductory course in taxation.

Speaker / Author:

SmartPros Ltd. is a leader in online and offline continuing education for accounting, finance and engineering professionals. With over 2,000 hours of content, SmartPros has been providing mandatory continuing education products since 1981. SmartPros provides services and content to its professional and corporate clients, in a variety of media including Web, CD-ROM, and video. In the accounting market, SmartPros also has a predominant news and information portal which receives 200,000+ visits per month and provides services to over 100,000 subscribers. SmartPros' customers include 50% of the Fortune 500, as well as the major firms and associations in each of its professional markets.

Software & Hardware Requirements:

  • 56k or Greater Internet Connection
  • Adobe Acrobat® Reader for the .pdf files
  • Modern DHTML Compatible Browser
  • Ram: 256 MB minimum
  • Sound card with speakers/headphones
  • Windows or Mac OS


Price (USD)

Standard Rate: $69.90


Course Code : CPAR1387-FM

Release Date : 06/06/2019
Expire Date : 07/15/2020
Credits :
CPE 2.00
QAS 2.00

Course Level : Update
Length : 1hr 40min
Passing Grade : 70%
Field Of Study : Taxes

Format Type : eLearning
Mobile Compatible
Course Type : Self-Study

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