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Are you a California CNA?
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, focusing on critical topics such as the Employee Retention Credit under the CARES Act, modifications in family leave credits by the American Rescue Plan Act, and the evolving landscape of digital asset taxation. The course also includes intricacies related to the Augusta Rule and IRS dispute pathways.
Course Publication Date: December 11, 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-WINTER-2023 |
| Recommended CPE: | 2.00 |
| Delivery Method: | QAS Self Study |
| Level of Knowledge: | Update |
| Prerequisites: | None |
| Advanced Preparation: | None |
| Recommended Field of Study: | Taxes
New/Popular Courses
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Learning Objectives
- Evaluate the specific criteria and conditions under which various COVID-19 tax credits were provided to employers, as outlined in the Families First Coronavirus Response Act, the CARES Act, and the American Rescue Plan Act, including how to reconcile incorrect COVID-19 tax credits.
- Identify and interpret key tax regulations and rules applicable to digital assets, including cryptocurrency and NFTs, as outlined in Rev. Rule 2023-14, Notice 2023-62, and Reg-122793.
- Analyze the modifications to the new energy efficient home credit and cost-of-living adjustments for retirement plans as detailed in Notice 2023-65, focusing on key changes in credit amounts, eligibility criteria, and increased limits for various retirement plan contributions.
- Recall the legal framework and criteria for establishing a reasonable cause defense against §6662 penalties, focusing on the concepts of substantial compliance and reasonable reliance on professional advice as demonstrated in John R. Johnson, et al. v. Commissioner, T.C. Memo. 2023-116.
- Examine the available avenues within the IRS for handling tax disputes, focusing on the distinctions between Collection Due Process (CDP) hearings, Offers in Compromise (OIC), and their respective outcomes, as exemplified in Rita Renee Pilate v. Commissioner, T.C. Memo. 2023-136.
- Evaluate the legal and practical requirements for successfully applying the Augusta Rule for tax deductions and tax-free income, focusing on the nuances of §§162 and 280A as highlighted in Kunjlata J. Jadhav and Jalandar Y. Jadhav v. Commissioner, T.C. Memo. 2023-140.
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