You didn’t think taxes could get more complicated? Well they did. We are here to help.

Due to the rapidly changing situation with the novel coronavirus (COVID-19), and after reviewing the guidance provided by government agencies and international organizations, ClientWhys TaxCPE has decided to make this year’s 

Tax Update & Review Seminar an online-only, virtual conference.

ClientWhys seminars are a key event for the tax professional community, but preserving the health and safety of our customers, partners, and employees are our top priority. 

By turning this annual in-person conference into a virtual experience, we will still be able to connect on important topics in the current climate.

After attending the virtual conference, the student will be ready to prepare individual 2020 tax returns. The course will fine-tune the skills of practitioners who wish to provide their clients with superior preparation and planning services. A must course for serious Certified Public Accountants (CPAs), Enrolled Agents (EAs) IRS Tax Professionals and California Registered Tax Preparers (CRTPs).

The webcast agenda will of course include all of the changes brought about from the CARES Act, the Family First Act, the Secure Act, forgiveness of Paycheck Protection loans, extenders, newly issued regulations, and issues of current importance. Including rentals and the 199A deduction, employee or independent contractor issues, Interest tracing, refinancing home mortgages, plus many other of issues of current importance plus California differences throughout.

As with any normal year, there will be court cases, revenue rulings, revenue procs, new regulations, Chief Counsel Rulings, and legislation changes, all of which we will cover through our webcasts.

We have tackled all of the major issues head-on, as we have updated our Big Book of Taxes with all of the new law. The highly rated PDF is available to all webcast attendees and includes over 1,000 pages of tax reform update and review. The Big Book of Taxes is a time-saving reference year-round.

• 16-hour CPE Tax Review and Update Webcast - Broken down by session
• Q & A monitored by our team of tax subject experts
• 1,000+ Page Big Book of Taxes PDF edition

This exclusive 16-part recorded webcast will cover everything you need to prepare for tax season. 

BSME, EA

J.D., M.S.

Our A-Team speakers include Lee Reams, BSME, EA and Art Werner, J.D., M.S. We take special care to include the latest law and procedural changes, revenue rulings, form changes and practical advisories in our seminar. We also develop a list of troublesome areas from which we receive frequent technical calls and include them in the presentation. Our unique seminar text includes integrated California provisions and differences and is so complete and well-organized that many practitioners use it as their primary tax season reference. The text also highlights tax strategies that will benefit your clients and make you a hero. Find out for yourself why our students scored our textbook 94 out of 100 in a recent survey.

MONDAY

• Lesson 1- 8-9:40 PT
• Lesson 2- 10-11:40 PT
• One-hour Lunch Break
• Lesson 3- 12:40-2:40 PT
• Lesson 4- 3-4:40 PT

TUESDAY

• Lesson 5- 8-9:40 PT
• Lesson 6- 10-11:40 PT
• One-hour Lunch Break
• Lesson 7- 12:40-2:40 PT
• Lesson 8- 3-4:40 PT

WEDNESDAY

• Lesson 1- 8-9:40 ET
• Lesson 2- 10-11:40 ET
• One-hour Lunch Break
• Lesson 3- 12:40-2:40 ET
• Lesson 4- 3-4:40 ET

THURSDAY 

• Lesson 5- 8-9:40 ET
• Lesson 6- 10-11:40 ET
• One-hour Lunch Break
• Lesson 7- 12:40-2:40 ET
• Lesson 8- 3-4:40 ET

The lessons cover virtually all chapters of the Big Book of Taxes focusing on the most important issues when preparing 2020 returns and amending prior year returns. The EXTENDERS, the SECURE Act, the Families First Coronavirus Response Act and the CARES Act along with COVID-19 related notices, Revenue Procedures and other pronouncements have all been integrated into the various chapters and will be covered in detail. We also expect further legislation to be passed before fall and tax issues included in future legislation will be added to the Big Book and may require adjustments in the lesson topics. 

FOREWARD

This lesson concentrates on status items and will include uncommon filing status issues, some complicated “who gets the dependent” disputes, divorce issues, tax treatment of clergy, concerns related to co-owned property, special treatment of military, non-resident and resident aliens, community property, foreign reporting requirements, crowdfunding, virtual currency and more.

2 HOURS CPE

This lesson deals with variety of compensation issues including: tip income, social security, capital transactions, wash sales, employee stock options, qualified small business stock, uncommon home sale issues, debt relief and exclusions, personal injury, statutory employee, Native American income, insurance sales and viatical settlements, interest tracing rules and qualified opportunity funds.

2 HOURS CPE

The first half of business issues includes a variety of issues encountered by self-employed individuals plus profit motive and hobbies, at-risk rules, MACRS/ADS property, bonus depreciation, qualified improvement property, Sec 179, independent contractors, meals & entertainment, vehicle expenses, travel expenses, travel outside the U.S., home office, NOLs, rental activities, vacation home rentals, installment sales, and 1031 exchanges.

2 HOURS CPE

The second part of business issues includes a thorough study of Sec 199A deduction including how to determine whether or not an individual is a specified service trade or business and rentals as qualified trades or businesses, as well as reasonable compensation for s-corporation working shareholders, interest & loss limitations, capitalization and repair regulations, cannabis businesses issues and more.

2 HOURS CPE

This lesson will deal with many changes made by the SECURE Act for all future years and the special provisions of the CARES Act. Lesson includes pensions & annuities, annuity tables (including the new RMD table), lump sum distributions, rollovers, traditional IRA, Roth IRA, early withdrawal exceptions, 

self-employed retirement plans, form 5500 filing requirement, SEP plans, 401(k) plans, Sec 403(b) tax-sheltered annuities, required minimum distributions, solo 401(k) plans , Sec 457 government Plans. Sec 408(p) simple plans and health savings accounts.

2 HOURS CPE

Standard deduction, medical, taxes, home mortgage interest, home refinance issues, points, investment interest, contributions, miscellaneous deductions, legal expenses, disaster losses, gambling income and losses, avoiding or mitigating the AMT, kiddie tax, self-employment tax, farm and fishing income averaging.  

This lesson covers tax credits, tax penalties, and other issues including: child & dependent care credit, child (CTC) & other dependent credit, earned income tax credit (EITC), claim of right, saver’s credit, adoption credit, pension start-up credit, solar and home energy credits, premium tax credit, general business credits, employee retention credit, credit for building energy efficient home, business energy credits, work opportunity credit, repayment of first-time homebuyer credit, electric vehicle credit, research credit, paid family & medical leave credit, tax penalties, preparer penalties, underpayment penalties, injured spouse relief, innocent spouse relief, household employees, gifting, basis and installment agreements.

Coverdell savings accounts, employer education assistance, American Opportunity and Lifetime Learning education credits, how to allocate scholarship funds to maximize education credits, qualified state tuition program, ABLE accounts, military moving, higher education interest, foreign income exclusion, savings bond education exclusion, worker’s compensation and the teacher’s above-the-line deduction.

2 HOURS CPE

2 HOURS CPE

2 HOURS CPE

Paycheck protection program loans, Family First Coronavirus Response Act sick and family leave provisions, and the deferral of employer payroll taxes. 

(Since these subjects are not tax related only CPAs receive 1 hour of CPE)

"I am familiar with many of the education providers out in the market. The Big Book of Taxes is far superior than most providers. Not only is it filled with a wealth of knowledge but having a resource tool that you interact with on your desktop for ease on research is invaluable. Thanks Lee and team.”

"In my 21 years in the tax business; this is the best text I have ever seen. My compliments to your staff."

"Thank you for your spectacular tax seminars, "Big Book," and for being the tax practitioners Number One tax research resource!!!"

CPE Hours: Federal = 16 CPE Credits / Total = 16 CPE Credits

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