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Continuing Education
Coming Soon
CE Tax Law Updates Compliance
Course delivers a CPE‑level overview of recent individual, business, QBI (Section 199A), estate, gift, and international tax law changes, highlighting compliance mandates and actionable planning strategies for tax professionals.
Who Should Take This
Licensed CPAs, tax managers, and senior accountants who regularly prepare returns or advise clients on complex tax matters should enroll. Participants possess foundational accounting knowledge and seek up‑to‑date guidance on regulatory shifts, compliance risk mitigation, and advanced planning techniques to enhance their advisory services.
What's Included in AccelaStudy® AI
Adaptive Knowledge Graph
Practice Questions
Lesson Modules
Console Simulator Labs
Exam Tips & Strategy
20 Activity Formats
Course Outline
60 learning goals
1
Individual Tax Provisions
2 topics
Income and deductions
- Recognize the current individual income tax brackets, standard deduction amounts, and phase-out thresholds for itemized deductions and personal exemptions.
- Comprehend the tax treatment of above-the-line deductions including educator expenses, student loan interest, HSA contributions, and self-employment tax deductions.
- Analyze a taxpayer's income sources and deductions to determine optimal filing status and deduction strategy between standard and itemized deductions.
- Recognize the tax treatment of capital gains and losses including short-term versus long-term rates, the Section 121 exclusion, and netting rules.
- Synthesize an individual tax planning strategy that optimizes income timing, deduction selection, and credit utilization across multiple tax years.
Tax credits
- Comprehend the eligibility requirements and computation of major individual tax credits including the Child Tax Credit, Earned Income Tax Credit, and education credits.
- Analyze a taxpayer's situation to determine eligibility for applicable credits and calculate the optimal credit strategy considering refundability and phase-outs.
- Recognize the energy-related individual tax credits including the Residential Clean Energy Credit and Energy Efficient Home Improvement Credit provisions.
2
Business Tax Provisions
2 topics
Business income and deductions
- Recognize the current corporate tax rate structure, the alternative minimum tax provisions for corporations, and the corporate AMT book income adjustment.
- Comprehend the Section 179 expensing election and bonus depreciation provisions including applicable dollar limits, phase-down schedules, and qualified property definitions.
- Analyze a business asset acquisition to determine the optimal cost recovery strategy considering Section 179, bonus depreciation, and MACRS depreciation.
- Comprehend the limitation on business interest deduction under Section 163(j) including the adjusted taxable income calculation and small business exception.
- Analyze the interaction between Section 163(j) business interest limitation and other deduction limitations for a complex business entity.
Business credits and incentives
- Recognize the major business tax credits including the Research and Development Credit, Work Opportunity Tax Credit, and energy-related business credits.
- Comprehend the Inflation Reduction Act energy credits for businesses including the Investment Tax Credit, Production Tax Credit, and transferability provisions.
- Analyze a business scenario to identify applicable tax credits, calculate credit amounts, and determine whether direct pay or transferability elections are advantageous.
- Synthesize a business tax credit optimization strategy that leverages IRA energy credits, R&D credits, and transferability provisions to maximize after-tax returns.
3
Qualified Business Income Deduction (Section 199A)
1 topic
Section 199A computation and limitations
- Recognize the eligibility requirements for the Section 199A qualified business income deduction including qualified trades or businesses and specified service businesses.
- Comprehend the Section 199A computation including the QBI component, W-2 wages and UBIA limitations, and the combined QBI deduction calculation.
- Analyze a pass-through business owner's tax situation to calculate the Section 199A deduction considering income thresholds, SSTB limitations, and aggregation elections.
- Synthesize tax planning strategies to maximize the Section 199A deduction including entity structuring, wage payments, and asset acquisitions.
4
Estate and Gift Tax
2 topics
Transfer tax provisions
- Recognize the current estate and gift tax exemption amounts, tax rates, and the scheduled reduction in exemption amounts under sunset provisions.
- Comprehend the annual gift tax exclusion, gift-splitting rules, and the unified credit system linking lifetime gift and estate tax exemptions.
- Analyze an estate planning scenario to determine estate tax exposure, evaluate lifetime gifting strategies, and assess the impact of portability elections.
- Synthesize estate tax planning strategies that address the scheduled exemption sunset including accelerated gifting, trust structures, and valuation discount techniques.
Generation-skipping transfer tax
- Comprehend the generation-skipping transfer tax including taxable distributions, taxable terminations, direct skips, and the GST exemption allocation.
- Analyze a multi-generational wealth transfer to identify GST tax implications and recommend exemption allocation strategies.
5
International Tax Provisions
2 topics
GILTI, BEAT, and FDII
- Recognize the Global Intangible Low-Taxed Income regime including the calculation of tested income, QBAI, and the Section 250 deduction.
- Comprehend the Base Erosion and Anti-Abuse Tax including the base erosion percentage threshold, modified taxable income computation, and excluded payments.
- Comprehend the Foreign-Derived Intangible Income deduction including qualifying income, deemed intangible income calculation, and the incentive for US-based activities.
- Analyze a multinational corporation's tax position to calculate GILTI inclusion, assess BEAT applicability, and determine FDII deduction eligibility.
Foreign tax credits and reporting
- Recognize the foreign tax credit computation including the limitation calculation, separate basket categories, and carryforward and carryback provisions.
- Comprehend the international tax reporting obligations including Forms 5471, 8865, 8858, and 8992 and the penalties for non-compliance.
- Analyze a US shareholder's foreign income to determine the optimal foreign tax credit strategy and identify required international information returns.
- Synthesize an international tax compliance and planning strategy for a US multinational addressing GILTI planning, foreign tax credit optimization, and transfer pricing considerations.
6
State Tax Conformity and Issues
1 topic
State conformity to federal tax law
- Recognize the types of state conformity to the IRC including rolling conformity, static conformity, and selective conformity and their impact on state tax calculations.
- Comprehend the state tax implications of pass-through entity election provisions including the SALT cap workaround and state-level PTE tax calculations.
- Analyze the state tax impact of a federal tax law change to determine how conformity status affects a taxpayer's state tax liability across multiple filing jurisdictions.
- Synthesize a multi-state tax planning strategy for a business operating in multiple jurisdictions addressing conformity differences, PTE elections, and nexus considerations.
7
Retirement Plan Tax Provisions
2 topics
SECURE Act and retirement plan changes
- Recognize the key provisions of the SECURE 2.0 Act including increased RMD ages, automatic enrollment requirements, and expanded catch-up contribution provisions.
- Comprehend the changes to required minimum distribution rules including the new age thresholds, Roth account RMD exemptions, and the 10-year rule for inherited accounts.
- Analyze a client's retirement account portfolio to determine RMD obligations, evaluate Roth conversion strategies, and assess the tax impact of distribution timing.
- Synthesize a retirement tax planning strategy that integrates traditional and Roth accounts, RMD management, and qualified charitable distributions.
Employer retirement plan compliance
- Comprehend the contribution limits for 401(k), 403(b), SEP-IRA, and SIMPLE IRA plans including employer matching, catch-up contributions, and annual addition limits.
- Analyze an employer's retirement plan for compliance with nondiscrimination testing requirements including ADP/ACP tests and top-heavy provisions.
8
Tax Procedure and Compliance
2 topics
Tax penalties and practitioner obligations
- Recognize the accuracy-related penalties under Section 6662 including substantial understatement, negligence, and the reasonable cause defense.
- Comprehend the preparer penalty provisions under Sections 6694 and 6695 including unreasonable positions, willful conduct, and due diligence requirements.
- Analyze a tax return position to determine whether it meets the substantial authority or reasonable basis threshold and assess penalty exposure.
- Synthesize a tax controversy management strategy addressing documentation practices, penalty protection measures, and disclosure requirements for uncertain tax positions.
IRS examination and appeals
- Recognize the IRS examination process including correspondence audits, office audits, field audits, and the taxpayer's rights during examination.
- Comprehend the IRS appeals process including protest procedures, settlement authority, alternative dispute resolution, and the relationship to Tax Court litigation.
- Analyze an IRS examination scenario to determine the best strategy for resolution including audit defense, appeals negotiation, and litigation considerations.
- Synthesize an IRS audit defense strategy for a specific examination scenario incorporating document production, issue resolution, and appeals settlement considerations.
9
Cryptocurrency and Digital Asset Taxation
1 topic
Digital asset tax rules
- Recognize the IRS classification of digital assets as property and the tax consequences for transactions including sales, exchanges, mining, staking, and airdrops.
- Comprehend the digital asset broker reporting requirements including Form 1099-DA, cost basis tracking, and the implementation timeline for reporting obligations.
- Analyze a taxpayer's digital asset transactions to determine reportable gains and losses, identify wash sale considerations, and calculate tax liability.
- Synthesize a comprehensive digital asset tax compliance and record-keeping system addressing transaction tracking, cost basis methodology, and reporting obligations.
10
Tax Law Sunset and Planning Considerations
1 topic
TCJA sunset provisions and planning
- Recognize the TCJA provisions scheduled to sunset including individual tax brackets, standard deduction, SALT cap, and estate tax exemption.
- Comprehend the potential impact of TCJA sunset on individual and business tax planning including the reversion to pre-TCJA rates and deduction limitations.
- Synthesize proactive tax planning strategies addressing TCJA sunset scenarios including income acceleration, deduction timing, entity restructuring, and estate planning acceleration.
Scope
Included Topics
- Individual tax provisions including income brackets, deductions, capital gains, and tax credits.
- Business tax provisions including corporate tax rates, depreciation, Section 163(j), and business credits.
- Section 199A qualified business income deduction including computation, limitations, and planning strategies.
- Estate and gift tax including exemption amounts, annual exclusions, GST tax, and sunset planning.
- International tax including GILTI, BEAT, FDII, foreign tax credits, and information reporting requirements.
- State tax conformity including rolling and static conformity, PTE elections, and SALT cap workarounds.
- Retirement plan tax provisions including SECURE 2.0 Act changes, RMD rules, and contribution limits.
- Tax procedure including accuracy penalties, preparer penalties, IRS examinations, and appeals.
- Cryptocurrency and digital asset taxation including property classification, reporting requirements, and gain calculations.
- TCJA sunset provisions and proactive tax planning strategies.
Not Covered
- Detailed partnership or S corporation tax return preparation mechanics beyond their relationship to QBI and entity planning.
- International tax treaty analysis and specific country-by-country reporting details.
- Tax-exempt organization compliance (Form 990) beyond its intersection with charitable planning.
- Detailed payroll tax computation and employment tax return preparation.
- State and local sales and use tax compliance beyond its intersection with income tax.
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