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Taxes

Surgent’s The Complete Guide to Liquidation of Business Entities (CGLB) (SSTX203/20)

By |2019-07-07T15:22:23-04:00June 30th, 2020||

Liquidations may be used as an alternative to the sale of a business or as an adjunct to the sale of business assets. The objective of this course is to fully explore the technical tax and business issues in liquidating C corporations, S corporations, partnerships, and limited liability companies. This unique course is essential for anyone planning to sell a business.

Surgent’s Estate and Life Planning Issues for the Middle-Income Client (PMIC) (SSTX241/20)

By |2019-07-07T15:36:22-04:00June 30th, 2020||

Clients think that estate planning only applies to the very rich. In truth, there are many issues of critical concern for which the middle-income client needs to plan. This course is a must-attend for all CPAs who work with middle-income clients and are looking for ways to provide additional quality services. Continually updated with the latest guidance.

Surgent’s Real Estate Tax Boot Camp (RETC) (SSTX244/20)

By |2019-07-07T15:36:37-04:00June 30th, 2020||

This course is a "deep dive" into all things real estate tax related for the mid-level practitioner moving into this complex area. You will deepen your understanding of the complex considerations and strategies that individuals must navigate in acquiring, holding, managing, constructing, and disposing of real estate. You will leave the course able to navigate critical issues associated with the relevant returns and plan strategically for your company or clients. We will discuss in detail the impact the Tax Cuts and Jobs Act has had on the real estate industry.

Surgent’s Guide to Payroll Taxes and 1099 Issues (GPT4) (SSTX214/20)

By |2019-07-07T15:22:39-04:00June 30th, 2020||

Employment taxes are often overlooked as an area where more planning may be effective. Payroll taxes have become an increasing burden for the average business and IRS penalties for noncompliance have risen dramatically in recent years. As a result, they have also been subject to employer incentives. The Service has announced that uncovering noncompliance by employers ranks high on its audit list. This course presents an overview of employee versus independent contractor criteria, the federal payroll taxes form, Form 1099, and related compliance issues.

Surgent’s Report of Foreign Bank and Financial Accounts (FOR2) (SSTX184/20)

By |2019-07-07T15:22:45-04:00June 30th, 2020||

If a client has a financial interest in or signature authority over a foreign financial account, including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial account exceeding certain thresholds, the Bank Secrecy Act may require that taxpayer to report the account yearly to the Department of Treasury. This is done by electronically filing a Financial Crimes Enforcement Network (FinCEN) 114, Report of Foreign Bank and Financial Accounts (FBAR). This program discusses all aspects of FBAR reporting, including delinquent reporting issues and the Offshore Voluntary Disclosure Program.

Surgent’s Federal Tax Update (BFT4) (SSTX191/20)

By |2019-07-07T15:36:57-04:00June 30th, 2020||

Both businesses and individual clients face major changes in the tax landscape. Tax professionals face a considerable challenge: delivering effective planning advice and services to address recent developments while staying nimble to respond to further changes in the coming months. This course addresses contemplated and implemented changes including the Tax Cuts and Jobs Act. It also encompasses the latest cases and rulings and new tax legislation as developed.

Surgent’s Individual and Financial-Planning Tax Camp (IFCP) (SSTX224/20)

By |2019-07-07T15:23:00-04:00June 30th, 2020||

Each year brings its own set of tax planning challenges, and this year is no exception. This course aims to arm tax planners with planning strategies and ideas that wealthy clients, middle-income clients, and closely held business owners need to consider right now to take advantage of present opportunities and plan for future tax advantages. Learn strategies that can really have an impact on client lives, while also bringing value to you and your firm. The material is current with relevant provisions from The Tax Cuts & Jobs Act.

The Best S Corporation, Limited Liability, and Partnership Update Course by Surgent (BCPE) (SSTX190/20)

By |2019-07-07T15:23:22-04:00June 30th, 2020||

This year practitioners need to keep abreast of tax changes affecting pass-through entities used by their business clients and employers, and this enlightening course delivers that information. You will learn invaluable strategies, techniques, innovative tax-planning concepts, income-generating ideas, and other planning opportunities available to S corporations, partnerships, LLCs, and LLPs. Continually updated for developments.

Surgent’s Social Security, Medicare, and Prescription Drug Retirement Benefits: What Every Baby Boomer Needs to Know Now (SSRB) (SSTX254/20)

By |2019-07-07T15:37:22-04:00June 30th, 2020||

Social Security seems poised for changes in benefits and eligibility age. The leading edge of the baby boomer generation has already reached retirement age. Financial and tax planners can expect increased demand for strategies that dovetail Social Security with other retirement- and estate-planning objectives. This course provides tax and financial planning professionals with both the background information on the Social Security system and the strategies clients will need in dealing with Social Security, and the myriad of all the other related retirement planning issues.

Surgent’s Fiduciary Income Tax Returns — Form 1041 Workshop with Filled-in Forms (1041) (SSTX166/20)

By |2019-07-07T15:37:26-04:00June 30th, 2020||

This course is designed for participants to understand the core concepts of trust and estate income tax preparation. The course explains the common terminology and complicated income tax rules of estates and trusts, fiduciary accounting, and an introduction to or refresher on preparing Form 1041. This practical, over 300-page manual is an excellent reference source for your practice, which begins with quite simple cases. Building upon that base throughout the manual, the course ends with two complicated preparation cases, one trust and one estate, each with filled-in forms.

Surgent’s Social Security, Medicare, and Prescription Drug Retirement Benefits: What Every Baby Boomer Needs to Know Now (SSRB) (SSTX255/20)

By |2019-07-07T15:23:35-04:00June 30th, 2020||

Social Security seems poised for changes in benefits and eligibility age. The leading edge of the baby boomer generation has already reached retirement age. Financial and tax planners can expect increased demand for strategies that dovetail Social Security with other retirement- and estate-planning objectives. This course provides tax and financial planning professionals with both the background information on the Social Security system and the strategies clients will need in dealing with Social Security, and the myriad of all the other related retirement planning issues.

Surgent’s Partnership and LLC Core Tax Issues From Formation Through Liquidation (PLTI) (SSTX239/20)

By |2019-07-07T15:37:37-04:00June 30th, 2020||

As they gain more experience, staff are expected to take on more complex assignments with minimal supervision. The course is designed to be a stepping stone for staff interested in pursuing more advanced partnership and LLC issues than mere preparation, via deeper life-cycle study into critical areas of formation, special allocations of income and deductions, basis calculations and implications of recourse and nonrecourse debt, basis step-up under 754 on transfer of an ownership interest, distributions, self-employment tax issues, and termination/liquidation of the LLC.

Surgent’s Partnerships and LLCs: Avoiding Common Pitfalls Facing Practitioners (BTP4) (SSTX197/20)

By |2019-07-07T15:37:53-04:00June 30th, 2020||

If only we could see ourselves as others see us. This course is designed to review some common pitfalls and real-world issues. Learn the traps taxpayers fall into -- before you make the mistake. The material includes a study of the law underlying the tax or practice issue, which will assist practitioners in satisfying their professional standards of practice and will help in preparing business returns. Avoid these missteps, plan for a better tax result, and benefit from a wealth of knowledge that can be applied to practice.

Surgent’s Strategies for Maximizing Social Security Benefits (SPMB) (SSTX252/20)

By |2019-07-07T15:24:00-04:00June 30th, 2020||

As the population of the United States ages, tax practitioners will be asked to advise their individual clients with respect to when they should begin to take Social Security benefits. This program will provide you with the background to knowledgeably discuss the benefit options available to Social Security beneficiaries and alternative payment options available to married couples, dependents, a surviving spouse, and a divorced individual.

Surgent’s S Corporation, Partnership, and LLC Tax Update (BCP4) (SSTX186/20)

By |2019-07-07T15:38:05-04:00June 30th, 2020||

If you are a practitioner who wants the latest information on tax changes affecting your business clients or employers, then you should take this enlightening course. You will learn invaluable knowledge, strategies, techniques, innovative tax-planning concepts, income-generating ideas, and other planning opportunities available to S corporations, partnerships, LLCs, and LLPs. Continually updated for items regarding tax reform.

The Best Federal Tax Update Course by Surgent (BFTU) (SSTX193/20)

By |2019-07-07T15:24:14-04:00June 30th, 2020||

We now have the benefit of the completion of the first full tax season since the issuance of tax reform legislation. In this course, tax advisors will be fully updated on the most important aspects of tax reform as well as major trends on the horizon with a view toward planning after implementation of TCJA. As both formal and informal guidance is issued, you will be kept fully up-to-date.

Surgent’s Individual Income Tax School (SITS) (SSTX251/20)

By |2019-07-07T15:38:16-04:00June 30th, 2020||

This course will take new and administrative staff from the most basic concepts to a full understanding of individual tax return preparation -- just in time for the crunch of busy season! Updated for impacts of the Tax Cuts and Jobs Act of 2017. The course builds from a strong technical foundation, to prepare simple, to moderate, to complicated individual tax returns.

Surgent’s Section 754 Step-Up in Basis: Understanding the Tax Issues for Partnerships and LLCs (S754) (SSTX246/20)

By |2019-07-07T15:24:42-04:00June 30th, 2020||

When a purchaser buys an existing partner's partnership interest, or the interest of a member of a limited liability corporation (LLC) taxed as a partnership, the amount paid becomes the basis for the purchaser's partnership interest (outside basis). If the partnership's assets have appreciated sufficiently, the difference between the new partner's inside and outside basis can be substantial. This disparity can deprive the new partner of depreciation deductions and inflate his or her share of the gain from subsequent property dispositions unless a Section 754 election is in effect. The Section 754 election can also apply when a partnership makes a distribution of property and the basis of the distributed property to the partnership and the basis the partner/distributee will take in the distributed property are not equal. In this case, a partnership can recover basis it would otherwise lose if the 754 election were not in effect.