This pragmatic course is designed for busy tax professionals that do not have the time to research the latest updates emanating from new IRS guidance, fresh court cases, and constantly changing tax legislation. Within this course, you’ll find a curated newsletter that includes the most important and useful information to keep you on top of your practice.
Course Publication Date:
September 20, 2023
This course is available with
NO ADDITIONAL FEE if you have an active
self study membership or
all access membership or can be purchased for
$20.00!
| Author: | Tyler Thompson CPA, EA |
| Course No: | TAX-SPRING-2023 |
| Recommended CPE: | 2.00 |
| Delivery Method: | QAS Self Study |
| Level of Knowledge: | Update |
| Prerequisites: | None |
| Advanced Preparation: | None |
| Recommended Field of Study: | Taxes
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Learning Objectives
- Identify the key updates made by the Infrastructure Investment and Jobs Act in regards to broker reporting on digital assets to the IRS.
- Recognize the application and implications of the Corporate Alternative Minimum Tax (CAMT) and Adjusted Financial Statement Income (AFSI) for applicable corporations.
- Analyze the implications of a taxpayer's choice of business entity on their ability to claim deductions and litigate in Tax Court.
- Identify the standard and scope of review in the context of spousal relief cases under §6015 and evaluate the implications of newly discovered or previously unavailable evidence.
- Recall the complexities related to mortgage interest deductions under §163 and interpret the various factors that the Tax Court uses to determine the taxpayer's relationship with the loan and property.
- Analyze the impact and application of the §6048 reporting requirement as demonstrated in the Leigh C. Fairbank and Barbara J. Fairbank v. Commissioner case and its influence on the IRS's ability to assess tax deficiencies outside the standard limitations period.