Unlimited CPA CPE

This course provides a thorough, line-by-line walkthrough of Form 990 and its related schedules, helping tax practitioners understand how tax-exempt organizations use the form to report their activities, governance, and financial position. Coverage begins with the core Form 990 and its general instructions, then moves through each major section including the summary, statement of program service accomplishments, required schedules, compensation reporting, revenue, functional expenses, and the balance sheet.

The course also examines each of the commonly filed schedules in detail, from Schedule A (Public Charity Status) through Schedule R (Related Organizations), including coverage of political campaign and lobbying activities, fundraising and gaming, hospitals, grants, compensation information, tax-exempt bonds, transactions with interested persons, noncash contributions, and liquidation or dissolution reporting. This is a practical resource for anyone involved in preparing or reviewing Form 990 filings.

This course offers a comprehensive overview of federal income tax laws for individuals, reflecting changes made by the One Big Beautiful Bill Act (OBBBA). It covers the full scope of individual tax preparation, beginning with filing requirements, filing status, and dependents, then moving into all major categories of income including wages, interest, dividends, rental income, retirement distributions, and Social Security benefits. The course also addresses gains and losses from property sales, including basis calculations, home sales, and capital gain reporting.

Additional topics include adjustments to income such as IRA contributions, alimony, and education-related deductions, as well as the standard deduction and all major itemized deductions. The course concludes with detailed coverage of tax credits, including the child tax credit, earned income credit, education credits, and the premium tax credit, along with guidance on computing tax liability and understanding the alternative minimum tax.

FOR 2025 RETURNS

This course provides a practical overview of federal tax rules affecting small businesses and self-employed taxpayers. It covers entity selection and tax reporting for sole proprietorships, partnerships, LLCs, S corporations, and C corporations, along with accounting methods, tax years, and recordkeeping requirements. The course explains how to determine and report business income, including gains and losses, Section 1231 transactions, installment sales, and depreciation recapture.

Additional topics include common business deductions such as compensation and fringe benefits, travel and meals, vehicle expenses, repairs versus improvements, depreciation and expensing elections, retirement contributions, home office deductions, and health coverage. The course also addresses business credits, loss limitations, and the qualified business income deduction, with emphasis on compliance, planning considerations, and practical application for small business advisors.

This course covers the full range of tax deductions available to landlords, providing practical guidance on how to maximize allowable write-offs for rental property activities. Topics include landlord tax classifications, deductible operating expenses, the tax treatment of repairs versus improvements, depreciation basics, bonus depreciation, and Section 179 expensing. The course also addresses the pass-through tax deduction, interest deductions, and start-up expenses for rental activities.

Further coverage includes the home office deduction for landlords, car and transportation expenses, travel expenses, hiring employees and independent contractors, casualty and theft losses, and additional deductions and credits. The course also examines the rules for deducting rental losses, including the $25,000 offset and the real estate professional exemption, as well as Schedule E reporting, recordkeeping requirements, and the net investment income tax.

This course examines how federal income tax rules affect financial planning decisions across investments, retirement, estate planning, and education savings. It covers the taxation of interest, dividends, capital gains, mutual funds, and real estate transactions, as well as passive activity and at-risk limitations and the alternative minimum tax. The course also explores the tax treatment of business entities including partnerships, corporations, S corporations, and LLCs, and addresses the tax implications of marriage and divorce.

Retirement planning topics include employer-sponsored plans, IRAs (traditional and Roth), distributions, penalties, and the taxation of Social Security benefits. The course also covers estate and gift taxes, generation-skipping transfer tax, life insurance, trusts, survivor benefits, and education savings vehicles such as Coverdell accounts and tax credits. References to changes made by the One Big Beautiful Bill Act (OBBBA) are included where applicable.

This course explains the ongoing IRS compliance requirements that nonprofits must meet to maintain their tax-exempt status. It covers the varying tax considerations for different types of exempt organizations, with detailed guidance on annual IRS filings including Form 990 and Form 990-EZ. The course also addresses nonprofit bookkeeping and accounting methods, the proper treatment of volunteers, employees, and independent contractors, and the rules governing charitable giving and property donations.

Additional topics include excessive compensation, conflict of interest issues, and other common ways nonprofits encounter problems with the IRS, as well as unrelated business income tax (UBIT) and the exceptions that apply. The course also examines the rules surrounding lobbying and political campaign activities for exempt organizations and covers the various tax credits available to nonprofits. This course focuses on Section 501(c)(3) public charities.

This course provides practical guidance for handling disputes and enforcement actions involving the IRS. It covers the full lifecycle of an IRS matter, from minimizing audit risk and managing correspondence, office, and field audits to appealing audit results and petitioning Tax Court. The course also explains installment agreements, partial payment plans, Offers in Compromise, penalty abatement, and bankruptcy considerations as they relate to tax debt.

Additional topics include IRS collection tools such as liens, levies, and seizures, the role of the Taxpayer Advocate Service, fraud investigations, penalties and interest, payroll tax exposure, state income tax audits, and the Taxpayer Bill of Rights. Emphasis is placed on practical strategies, procedural rules, and taxpayer protections when resolving IRS controversies.

This course covers the foundational tax rules governing S corporations, beginning with the tax considerations involved in electing S corporation status and the advantages and disadvantages of S corporate taxation. It examines the statutory requirements to qualify as an S corporation, including eligible shareholders and the types of trusts that can hold S corporation stock. The course also addresses the mechanics of filing an S corporation election and tax return using Form 1120S.

Additional topics include accounting methods and tax year elections available to S corporations, along with detailed coverage of income, loss, and deductible expense items that flow through to shareholders. This course is designed as a foundational resource for practitioners who advise S corporation owners or prepare S corporation returns.

This course covers the wide range of tax deductions available to home business owners, from startup basics to more advanced topics. It addresses what qualifies as a home business for tax purposes, recordkeeping and accounting requirements, operating expenses, and the distinction between current and capital expenditures. The course also covers depreciation of long-term assets, the home office deduction and its simplified calculation method, and the pass-through tax deduction.

Additional topics include car and local transportation expenses, business travel, inventory, hiring employees and independent contractors, medical expense deductions, retirement plan contributions, and cryptocurrency in a business context. The course also addresses recordkeeping best practices, businesses owned by spouses, and practical tips for avoiding an IRS audit.

This course provides a comprehensive look at recent legislative changes and their impact on estate, retirement, and tax planning strategies. Beginning with key provisions of the One Big Beautiful Bill Act of 2025—including changes to the standard deduction, SALT limitations, child tax credits, no-tax provisions for tips, overtime, and Social Security, and updates to business taxes and education incentives—the course then covers the fundamentals of estate planning, the estate tax system, and investment strategies for maximizing estate growth.

The course also examines essential estate planning tools and techniques, including wills, various types of trusts (credit shelter, marital, living, and irrevocable life insurance trusts), retirement planning strategies, the strategic use of life insurance, gifting strategies using the annual exclusion and generation-skipping transfers, charitable giving through charitable trusts and private foundations, family limited partnerships, and succession planning for family businesses and farms.

This course serves as the second part of a two-course series on S corporations, focusing on corporate income taxes and credits that affect S corporations. It covers when a shareholder recognizes income and losses, how items passed through to shareholders are allocated, and the rules governing stock basis, debt basis, and limitations on losses and deductions. The course also addresses the alternative minimum tax effect on basis and passive income and loss rules as they apply to S corporation shareholders.

Additional topics include distributions from S corporations with and without accumulated earnings and profits, the maintenance of the accumulated adjustments account (AAA), and the tax consequences of various distribution scenarios. The course concludes with income and estate tax planning strategies specific to S corporations, including the kiddie tax, retirement plans, and the use of various types of trusts.

This course, the third part of a series on S corporations, provides a comprehensive examination of the events that alter or end an S corporation's tax status and the alternative entity forms available to closely held businesses. Participants will study the voluntary revocation of S status, inadvertent terminations caused by failure to remain eligible, and the consequences of having more than 25 percent of gross receipts from passive investment income for three consecutive years. Coverage includes the procedures for obtaining IRS waivers of inadvertent terminations, the five-year waiting period for reelection, the tax effects of termination including the creation of short S and short C tax years, and the treatment of sales of stock, redemptions, complete liquidations, and reorganizations involving S corporations.

The course also provides a detailed comparison of S corporations with alternative business entities, including C corporations, personal service corporations (PSCs), general and limited partnerships, and limited liability companies with one or more members, along with a comparison chart of seven entity forms. Participants will examine the rules governing qualified subchapter S subsidiaries (QSubs), including the four establishment requirements, deemed liquidations, state income tax issues, and the termination of a QSub election. The course concludes with coverage of employee stock ownership plans (ESOPs) in the S corporation context, including leveraged ESOPs, prohibited allocations, and abusive transactions, followed by an analysis of the §1411 net investment income tax as it applies to S corporation shareholders, including its application to individuals, estates and trusts, passive activity situations, dispositions of interests in partnerships and S corporations, and related planning strategies.

This course provides comprehensive coverage of the federal income taxation of estates and trusts, focusing on the preparation of Form 1041. Participants will examine the classification of trusts, distributable net income (DNI), the income distribution deduction, and the taxation of beneficiaries. The course addresses simple and complex trusts, grantor trust rules, charitable trusts, and special elections available to fiduciaries. Coverage also includes basis adjustments at death, the treatment of income in respect of a decedent (IRD), separate share rules, the 65-day election, and the impact of recent legislation on fiduciary income tax planning. Practical examples illustrate how to allocate income between the entity and its beneficiaries and how to minimize the overall tax burden through effective distribution planning.

This course offers a thorough overview of the tax rules governing qualified retirement plans and individual retirement arrangements. Topics include traditional and Roth IRAs, SEP and SIMPLE plans, 401(k) and 403(b) arrangements, defined benefit plans, and pension plans. Participants will study contribution and deduction limits, required minimum distribution (RMD) rules, early withdrawal penalties and exceptions, rollover and conversion strategies, and the tax treatment of plan distributions. The course incorporates changes brought by the SECURE Act and SECURE Act 2.0, including the modified RMD age, expanded Roth options, catch-up contribution rules, and provisions affecting inherited accounts. Practical planning techniques are provided for both the accumulation and distribution phases of retirement.

This course presents the federal tax rules and planning strategies most relevant to closely held businesses and their owners. Coverage includes entity selection considerations, accounting method choices, business income and deductions, depreciation and §179 expensing, the qualified business income (QBI) deduction under §199A, employment tax obligations, and recordkeeping requirements. Participants will also examine planning techniques for reducing self-employment tax, managing fringe benefits, structuring owner compensation, and timing income and deductions. The course addresses compliance issues including estimated tax payments, information reporting, and audit risk areas, with particular attention to recent legislative and regulatory developments affecting small businesses.

This course examines the federal income tax treatment of sales, exchanges, and other dispositions of business and investment property. Participants will study the determination of amount realized and adjusted basis, the calculation of gain or loss, and the characterization of gain as ordinary or capital. Coverage includes §1231 assets, depreciation recapture under §§1245 and 1250, installment sales, like-kind exchanges under §1031, involuntary conversions, sales of a principal residence, wash sales, and dispositions of partnership and S corporation interests. The course also addresses reporting requirements on Forms 4797, 8949, and Schedule D, with practical examples illustrating proper computation and presentation.

This course explores the federal tax consequences of divorce and separation, including the rules governing alimony, property settlements, and child support. Participants will examine the post-TCJA treatment of alimony, the transfer of property between spouses under §1041, the division of retirement accounts using QDROs, the allocation of dependency exemptions and child-related credits, filing status determinations, and the tax treatment of the marital home. Coverage also includes innocent spouse relief, joint and several liability issues, the impact of divorce on prior-year returns, and planning strategies for minimizing tax costs during and after the dissolution of a marriage.

This course introduces the federal income tax rules applicable to partnerships and limited liability companies taxed as partnerships. Topics include entity classification under the check-the-box regulations, partnership formation, contributions of property and services, the determination of inside and outside basis, the partnership's taxable year, and the computation and reporting of partnership income on Form 1065 and Schedule K-1. Participants will also examine the tax treatment of partner distributions, guaranteed payments, the at-risk and passive activity limitations, and the basic operation of §704(b) and §704(c) allocations. This course serves as the foundation for more advanced study of partnership and LLC taxation.

This course addresses the federal income tax rules that apply to short-term rental activities, including those conducted through platforms such as Airbnb and VRBO. Participants will examine the classification of rental activities as either rental real estate or a trade or business, the application of the §280A vacation home rules, the seven-day average rental rule, the material participation standards, and the passive activity loss limitations. Coverage also includes the deductibility of expenses, depreciation, the qualified business income deduction, self-employment tax considerations, the treatment of personal use, and reporting on Schedules C and E. Practical examples illustrate how to properly classify and report short-term rental income and expenses.

This course provides comprehensive coverage of the federal tax rules governing residential rental real estate. Topics include the determination of rental income, the deductibility of operating expenses, depreciation under MACRS, the treatment of repairs versus improvements under the tangible property regulations, and the tax consequences of converting personal-use property to rental use. Participants will also examine the passive activity loss rules, the $25,000 active participation allowance, the real estate professional rules, the qualified business income deduction, and the reporting of rental activities on Schedule E. Coverage extends to the tax treatment of dispositions, including depreciation recapture and §1031 exchanges.

This course examines the federal tax rules governing three of the most commonly claimed and most frequently challenged business deductions: vehicle expenses, travel and meal expenses, and home office expenses. Participants will study the standard mileage rate versus actual expense method, depreciation and §179 limits for passenger automobiles including the luxury auto caps, the substantiation requirements for travel and meals, and the rules distinguishing deductible business travel from non-deductible commuting. Coverage of the home office deduction includes the exclusive and regular use tests, the principal place of business standard, the regular and simplified methods of computation, and the impact on the sale of a residence.

This course provides a thorough examination of individual retirement arrangements, including traditional, Roth, SEP, and SIMPLE IRAs. Participants will study the contribution and deduction rules, income-based phaseouts, spousal IRA provisions, the rules governing rollovers and conversions, and the taxation of distributions. Coverage includes required minimum distribution rules under the SECURE Act and SECURE Act 2.0, the 10-year rule for inherited IRAs, qualified charitable distributions, the 10% early withdrawal penalty and its exceptions, and the impact of the saver's credit. The course also addresses common reporting issues on Forms 1099-R, 5498, and 8606, and includes planning strategies for both the accumulation and distribution phases.

This course provides a comprehensive update on the federal income tax developments affecting the 2026 filing season. Participants will review legislative, regulatory, and judicial changes that impact the preparation of 2025 individual and small business returns, including the provisions of the One Big Beautiful Bill Act of 2025. Coverage includes inflation adjustments, modifications to credits and deductions, retirement plan changes, energy and clean vehicle credits, expiring provisions, and key IRS rulings and procedures. The course is designed to prepare practitioners for the upcoming filing season by highlighting the most significant changes and the planning opportunities and compliance traps they create.

This course continues the study of partnership and LLC taxation with a focus on the allocation of income, gain, loss, deduction, and credit among the partners. Participants will examine the §704(b) substantial economic effect rules, the §704(c) rules governing contributed property, the maintenance of capital accounts, including the tax basis capital reporting requirements, and the determination of a partner's distributive share. Coverage also includes the treatment of partnership liabilities under §752, the at-risk and passive activity loss limitations, the §163(j) interest expense limitation, and the sale of a partnership interest. Practical examples illustrate proper allocation methodology and Schedule K-1 reporting.

This course examines the unique federal tax rules that apply to churches, religious organizations, and members of the clergy. Participants will study the requirements for tax-exempt status under §501(c)(3), the rules governing unrelated business income, the limitations on lobbying and political activity, and the special reporting and recordkeeping rules applicable to religious organizations. Coverage of clergy taxation includes the dual tax status of ministers, the parsonage and housing allowance exclusion under §107, self-employment tax obligations, the §4361 exemption, and the tax treatment of love offerings, sabbatical pay, and other forms of compensation. The course also addresses payroll, fringe benefit, and information reporting considerations specific to churches.

This course continues the study of partnership and LLC taxation with a focus on the tax consequences of distributions, sales of partnership interests, and basis adjustments. Participants will examine the rules governing current and liquidating distributions, the treatment of cash and property distributions under §§731 and 732, and the recognition of gain or loss on the disposition of a partnership interest under §741. Coverage includes the hot asset rules of §751, the optional basis adjustment elections under §§754, 734(b), and 743(b), and the tax consequences of partnership terminations. Practical examples illustrate the computation of basis adjustments and their effect on subsequent partnership operations.

This course completes the partnership and LLC taxation series with coverage of advanced and specialized topics. Participants will examine the related party rules of §707, disguised sale transactions, guaranteed payments, the tax consequences of the death or retirement of a partner, payments under §736, and the treatment of family partnerships. Coverage also includes a comparison of partnerships and LLCs with S corporations, addressing the relative advantages and disadvantages of each entity form, the conversion of one entity to another, and the planning considerations relevant to entity selection for closely held businesses.

This course provides a comprehensive analysis of the One Big Beautiful Bill Act (OBBBA) of 2025, the most significant federal tax legislation since the Tax Cuts and Jobs Act. Participants will examine the Act's individual and business tax provisions effective for 2025 and for tax years beginning in 2026 and beyond, including the permanent extension of the §199A qualified business income deduction, the modified standard deduction and SALT cap, the new deductions for tip and overtime income, expanded child and family tax credits, modifications to estate and gift tax exemptions, energy and clean vehicle credit changes, and revised business expensing and depreciation rules. The course is designed to give practitioners a working knowledge of the Act's provisions, effective dates, and planning implications.

This course presents the federal tax rules and planning strategies most relevant to the operation of a small business, drawing on J.K. Lasser's Small Business Taxes 2026. Topics include business income and deductions, distributions to owners, the tax consequences of opening and closing a business, the operation of a sideline business, the treatment of multiple business activities, the alternative minimum tax, employment tax obligations, and the handling of audits. Coverage also addresses retirement planning and business succession, with practical examples illustrating how small business owners can structure their operations to minimize tax liability while remaining in compliance.

This course examines the federal tax incentives available to taxpayers who pay qualified education expenses. Participants will study the tax treatment of scholarships and fellowships, the American Opportunity Tax Credit, the Lifetime Learning Credit, the student loan interest deduction, Coverdell Education Savings Accounts, qualified tuition programs (529 plans), the exclusion for U.S. savings bond interest used for education, employer-provided educational assistance, and the deductibility of work-related education expenses. Coverage includes the coordination rules that prevent claiming multiple benefits for the same expense, income-based phaseouts, and the recordkeeping requirements necessary to support each benefit.

This course provides comprehensive coverage of the federal income tax credits available to individual taxpayers. Topics include the Child Tax Credit and Credit for Other Dependents, the American Opportunity and Lifetime Learning education credits, the Adoption Credit, the Child and Dependent Care Credit, the Saver's Credit, the Mortgage Interest Credit, the Foreign Tax Credit, the Earned Income Tax Credit, the Energy Efficient Home Improvement and Residential Clean Energy credits, the Clean Vehicle Credit, and the Premium Tax Credit. Participants will examine the eligibility requirements, computation rules, and refundable versus nonrefundable status of each credit, along with paid preparer due diligence requirements under Form 8867.