CPAR Taxes  |  Format: Flash

Even More Tax Changes: Getting Ready for Busy Season

Course Overview
Besides issuing regulations on the new tax law, the IRS continues to address a host of issues that will affect the filing of 2018 returns, including the claiming of a hardship distribution by an
individual who suffered a disability. Barbara Weltman, president of Big Ideas for Small Business, brings us up-to-date on a number of recent developments, from the use of qualified small business stock to a very happy ending for a physician who received incorrect information about his partnership earnings.

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

  • Identify how the paid preparer�s due diligence penalty was expanded for 2018 returns;
  • Define what �disability� means in the context of the sec. 72(t) exceptions to the 10% early distribution penalties;
  • Explain how taxpayers should file their personal returns if they have received a Form 1099-MISC for an incorrect amount; and
  • Distinguish how architecture and engineering firms are treated for purposes of sec. 1202 small business stock from how they are treated for purposes of the sec. 199A deduction of qualified business income.

    Catalog Number: CPAR1371-FM
    CPE Credits: 2 Registry / 2 QAS
    IRS CE: This course also qualifies for IRS registered tax return preparers and enrolled agents CE in the Federal Tax Update catagory. Program Number: UQNRM-U-00220-19-S
    Author: CPA Report
    Advanced Preparation:
    Work experience in tax planning or tax compliance, or an introductory course in taxation
    Course Level: Update
    Field of Study: Taxes
    Content Partner: CPA Reports Online
    QAS: QAS Certified based on 50 minute hours.
    Course Type: Self-Study
    Minimum Passing Grade: 70%
      You are allowed 2 attempts to pass the final exam in a 30 day period. You will be locked out of the final for 30 days after any second failure.
    Soft/Hardware Reqs.:  Adobe Acrobat® Reader for the .pdf files
     Adobe® Flash® Player 9 or higher
     56k or Greater Internet Connection
     Modern DHTML Compatible Browser
     Ram: 256 MB minimum
     Sound card with speakers/headphones
     Windows or Mac OS
    Release/Expiration Dates: Feb 25, 2019 / Apr 08, 2020