CPAR Taxes

CPAR - 2019/June, Seg.01 - Looking Backward in Order to Look Forward

Course Overview
Over the past few months on this program, Barbara Weltman - president of Big Ideas for Small Business - has addressed a number of lingering issues involving 2018 returns. This month, she shifts her focus to recent tax controversies that offer hints to preparers of which returns attract IRS interest. Not surprisingly, the issues range from the tax "gap" of unreported income by self-employed individuals to cases involving the hobby loss rules.

Learning Objectives:

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

  • Identify the main component of the IRS "tax gap"';
  • Explain the impact of the Tax Cuts and Jobs Act on hobby activities;
  • Identify the tax benefits of qualified charitable contributions (QCD); and
  • Distinguish between the IRS' Self-Correction Program and its Voluntary Correction Program.

Prerequisites/Advanced Preparation:


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.

Price (USD)

Standard: $69.90


Course Code : CPAR1395-FM

Length : 1hr 40min
Course Level : Update
Course Type : Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Taxes

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