New CPE - 2011 & Beyond Federal Tax Update

Be prepared for tax season with this can't miss 4-hour federal update course. 

This cpe course includes individual and small business changes that will affect the preparation of a 2011 tax return and planning issues for the future years based on current law and sunset provisions, including the potential effect of a multitude of provisions scheduled to expire if not extended by Congress.

The cpe course is accredited for NASBA CPAs, Enrolled Agents and CTEC Registered Preparers.  This course is offered as a self-study course, with an online course option or downloadable PDF. The course provides 4-hours of cpe credit.

The course is available in two ways:

Click here to view the Federal Edition

Click here to view the Federal & California Edition

Call us at 1.800.442.2477 x1 with any questions, or visit www.clientwhyscpe.com for more course options.

Learning Objectives:

After completing this course, the student will be able to counsel clients on the individual and small business changes that will affect the preparation of a 2011 tax return and planning issues for the future years based on current law and sunset provisions, including the potential effect of a multitude of provisions scheduled to expire if not extended by Congress.

Organization:

This text is divided as follows:

PART ONE
2011 Inflation Adjustments
Exemptions
Definition of a Qualifying Child
FICA & Medicare Withholding
Additional Hospital Insurance Tax - High-Income Taxpayers
Surtax on Unearned Income
Qualified Transportation Fringe Benefits
Excludable Medical Reimbursements for Older Children
Capital Gains Rates
Basis Reporting
Rental as Trade or Business
Information Reporting Required for Payments to Corporations
Qualified Small Business Stock Issued After 2/17/2009 and before 1/1/2011
Home Sale Gain Attributable to Nonqualified Periods Not Excludable
Private Activity Bond Interest
Insurance Life Settlements
Foreign Account Reporting Requirements (FBAR)
Review Questions Part One

 

PART TWO
Payment Card and Third-Party Payment Transactions
Cell Phones No Longer Listed Property
Special Depreciation Allowances for 2010
Start-Up Costs Deduction Increased
Section 179 Expense Deduction
Auto Mileage Rates
Luxury Auto Limits
Self-Employed Health Insurance Deduction
Real Estate Professionals
401(k) Plan Contribution Limits
Tax-Free IRA Distributions for Charitable Purposes
Health Savings Accounts
Increased Tax on Nonqualifying HSA or Archer MSA Distributions
Employer Health Flex-Spending Plan Contributions Limited
Over-the-Counter Medication Restriction for Employer Plans
Small Employer Simple Cafeteria Plans
IRA Contribution Limits
Roth IRA AGI Conversion Limitations Eliminated
Review Questions Part Two

PART THREE
American Opportunity Credit (AOTC)
Sec 529 Plans - Qualified Tuition Programs
Above-the-Line Tuition Deduction
Coverdell Educational Accounts
Teacher's $250 Above-the-Line Deduction
Gift Tax Exception
Higher Education Loan Interest
Foreign Earned Income Exclusion
Qualified Motor Vehicle Taxes Deduction
Standard Deduction
Medical Itemized Deductions Limited
Long-Term Care Insurance
Tax Itemized Deductions - Sales Tax
Itemized Deduction Phase Out Eliminated
Self-Employment Tax
Alternative Minimum Tax
Tanning Services Excise Tax
Federal Estate Tax Retroactively Reinstated
Review Questions Part Three

PART FOUR
AMT Refundable Credit Amount
Federal Tax Brackets
Dependent (Child) Care Credit
Child Tax Credit
Earned Income Credit
Homeowner Energy Credits
First-Time Homebuyer Credit
Making Work Pay Credit
Plug-In Electric Vehicle Credit
HIRE Act & Retention Credit
Adoption Credit
Small Business Health Insurance Credit
Research Tax Credit
Review Questions Part Four 

  • Lee Reams Sr.

  • Lee T. Reams is the Chief Technical Officer of ClientWhys. He is also an Enrolled Agent having managed a 600-plus client tax practice. Educated as an engineer, with a Bachelor's Degree in Mechanical Engineering, Lee left his engineering career in 1975 to expand his part-time tax practice into a full-time career.

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