CPAR Taxes

CPAR - 2019/July, Seg.01 - Pending Matters: From Contributions to S Corporations

Course Overview
Earlier this year on this program, Barbara Weltman - president of Big Ideas for Small Business - addressed lingering issues involving 2018 returns. This month, she again shifts her focus to recent tax controversies that offer hints to preparers of which returns are likely to attract IRS interest. As might be expected, the questionable issues range from charitable contributions and employment taxes to the health coverage of S corporation shareholders.

Learning Objectives:

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

  • Explain why the pay-off of student loans for recent Morehouse College graduates is unlikely to be considered "taxable income";
  • Identify how the new IRS withholding calculator provides a way for taxpayers to increase their year-end refund amount;
  • Distinguish how some benefits are subject to the Railroad Retirement Tax Act (RRTA) rather than the Social Security Act (FICA); and
  • Define how and when an S corporation undergoes a "post-termination period."

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.

Price (USD)

Standard: $69.90


Course Code : CPAR1399-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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