Understanding Collection

$49.00

Target Audience: CPAs, EAs, Annual Filing Season Program Participants
Field of Study: Taxation (NASBA); Federal Tax/Tax Related Matters (IRS)

IMPORTANT INFORMATION REGARDING CONTINUING EDUCATION CREDIT: THE IRS ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING EDUCATION CREDIT FOR ENROLLED AGENTS (EA) AND ANNUAL FILING SEASON PROGRAM (AFSP) PARTICIPANTS. Others, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT.

Note: the credit received from this seminar qualifies as continuing education that is required to obtain the voluntary AFSP – record of completion. however, this website does not offer the AFSP annual federal tax refresher (AFTR) course.

IRS COMMUNICATIONS AND LIAISON IS REGISTERED WITH THE NATIONAL ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY (NASBA) AS A SPONSOR OF CONTINUING PROFESSIONAL EDUCATION ON THE NATIONAL REGISTRY OF CPE SPONSORS. STATE BOARDS OF ACCOUNTANCY HAVE FINAL AUTHORITY ON THE ACCEPTANCE OF INDIVIDUAL COURSES FOR CPE CREDIT. COMPLAINTS REGARDING REGISTERED SPONSORS MAY BE SUBMITTED TO THE NATIONAL REGISTRY OF CPE SPONSORS THROUGH ITS WEBSITE: WWW.LEARNINGMARKET.ORG

DISCLAIMER: THIS SEMINAR WAS FILMED IN Dallas, Texas, ON July 27, 2017, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.

Seminar Level: Beginner

The IRS Small Business & Self Employed Division presented this seminar at the 2017 IRS Nationwide Tax Forum.

This seminar will provide information on various programs currently available to taxpayers in SB/SE including:

  • passport revocation;
  • private debt collection;
  • installment agreements;
  • Online Payment Agreements;
  • offers in compromise;
  • Notice of Federal Tax Lien; and
  • IRS revenue officers working with the IRS in the field.

By the end of this presentation, you will be able to:

  • Determine which programs are mandated by the FAST Act
  • Identify options available for resolving collection cases
  • List ways in which employers become non-compliant with Employment Taxes
  • Differentiate between a Private Debt Collection Agency and an IRS Agent
  • List the ways a Lien can be released

No prerequisites or advanced preparation are required for this seminar.

Employee Plans-Retirement Plan Distributions and Related Taxes

$49.00

Target Audience: CPAs, EAs, Annual Filing Season Program Participants
Field of Study: Taxation (NASBA); Federal Tax/Tax Related Matters (IRS)

IMPORTANT INFORMATION REGARDING CONTINUING EDUCATION CREDIT: THE IRS ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING EDUCATION CREDIT FOR ENROLLED AGENTS (EA) AND ANNUAL FILING SEASON PROGRAM (AFSP) PARTICIPANTS. Others, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT.

Note: the credit received from this seminar qualifies as continuing education that is required to obtain the voluntary AFSP – record of completion. however, this website does not offer the AFSP annual federal tax refresher (AFTR) course.

IRS COMMUNICATIONS AND LIAISON IS REGISTERED WITH THE NATIONAL ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY (NASBA) AS A SPONSOR OF CONTINUING PROFESSIONAL EDUCATION ON THE NATIONAL REGISTRY OF CPE SPONSORS. STATE BOARDS OF ACCOUNTANCY HAVE FINAL AUTHORITY ON THE ACCEPTANCE OF INDIVIDUAL COURSES FOR CPE CREDIT. COMPLAINTS REGARDING REGISTERED SPONSORS MAY BE SUBMITTED TO THE NATIONAL REGISTRY OF CPE SPONSORS THROUGH ITS WEBSITE: WWW.LEARNINGMARKET.ORG

DISCLAIMER: THIS SEMINAR WAS FILMED IN Dallas, Texas, ON July 27, 2017, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.

Seminar Level: Beginner

The IRS Tax Exempt Government Entities/ Employee Plans (TEGE/EP) Division presented this seminar at the 2017 IRS Nationwide Tax Forum.

This session discusses distribution rules for 401(k) and IRA-based SEP and SIMPLE retirement plans and how payments are taxed to recipients. The seminar will cover distributions made before retirement, at retirement and to beneficiaries. Learn about:

  • pre-retirement distributions due to loans, financial hardship and divorce;
  • 10 percent additional tax on early distributions;
  • distributions at separation from service;
  • rollover rules for transferring money between plans and IRAs;
  • required minimum distributions at age 70 1/2;
  • distributions to spouse and non-spouse beneficiaries;
  • reporting requirements for plans and recipients; and
  • how to find, fix and avoid distribution mistakes in plans.

By the end of this presentation, you will be able to:

  • Identify the distribution methods available in SEP’s, SIMPLE’s, and 401(k) plans
  • Differentiate between spouse and non-spouse beneficiary rules
  • Determine which Publication to research to calculate estimated tax payments on distributions
  • List employee benefits to establishing or enrolling in a retirement plan
  • Identify when a Loan can become a distribution

No prerequisites or advanced preparation are required for this seminar.

One Year Down, But Wait! There's More on Refundable Credits Due Diligence

$49.00

Target Audience: CPAs, EAs, Annual Filing Season Program Participants
Field of Study: Taxation (NASBA); Federal Tax/Tax Related Matters (IRS)

IMPORTANT INFORMATION REGARDING CONTINUING EDUCATION CREDIT: THE IRS ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING EDUCATION CREDIT FOR ENROLLED AGENTS (EA) AND ANNUAL FILING SEASON PROGRAM (AFSP) PARTICIPANTS. Others, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT.

Note: the credit received from this seminar qualifies as continuing education that is required to obtain the voluntary AFSP – record of completion. however, this website does not offer the AFSP annual federal tax refresher (AFTR) course.

IRS COMMUNICATIONS AND LIAISON IS REGISTERED WITH THE NATIONAL ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY (NASBA) AS A SPONSOR OF CONTINUING PROFESSIONAL EDUCATION ON THE NATIONAL REGISTRY OF CPE SPONSORS. STATE BOARDS OF ACCOUNTANCY HAVE FINAL AUTHORITY ON THE ACCEPTANCE OF INDIVIDUAL COURSES FOR CPE CREDIT. COMPLAINTS REGARDING REGISTERED SPONSORS MAY BE SUBMITTED TO THE NATIONAL REGISTRY OF CPE SPONSORS THROUGH ITS WEBSITE: WWW.LEARNINGMARKET.ORG

DISCLAIMER: THIS SEMINAR WAS FILMED IN Dallas, Texas, ON July 26, 2017, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.

Seminar Level: Beginner

The IRS Wage & Investment Division presented this seminar at the 2017 IRS Nationwide Tax Forum.

Now that you have test-driven the new due diligence requirements and shared your experiences, can we talk? This seminar takes a deep dive into your most difficult due diligence scenarios. This session will give you practical interview techniques that cover the rules and exceptions to help you get it right for your clients and meet your due diligence. You will learn how to get your clients the credits they deserve and keep your practice on the right track with the IRS.

By the end of this presentation, you will be able to:

  • List Due Diligence requirements on refundable credits
  • Determine which questions should be asked of someone claiming a refundable credit
  • Identify common Due Diligence Errors
  • Name the code section that requires Due Diligence when preparing returns with refundable credits
  • List aspects of Knowledge requirement for Due Diligence

No prerequisites or advanced preparation are required for this seminar.

Keeping Up With Your Due Diligence

$49.00

Target Audience: CPAs, EAs, Annual Filing Season Program Participants
Field of Study: Ethics (NASBA); Ethics (IRS)

IMPORTANT INFORMATION REGARDING CONTINUING EDUCATION CREDIT: THE IRS ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING EDUCATION CREDIT FOR ENROLLED AGENTS (EA) AND ANNUAL FILING SEASON PROGRAM (AFSP) PARTICIPANTS. Others, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT.

Note: the credit received from this seminar qualifies as continuing education that is required to obtain the voluntary AFSP – record of completion. however, this website does not offer the AFSP annual federal tax refresher (AFTR) course.

IRS COMMUNICATIONS AND LIAISON IS REGISTERED WITH THE NATIONAL ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY (NASBA) AS A SPONSOR OF CONTINUING PROFESSIONAL EDUCATION ON THE NATIONAL REGISTRY OF CPE SPONSORS. STATE BOARDS OF ACCOUNTANCY HAVE FINAL AUTHORITY ON THE ACCEPTANCE OF INDIVIDUAL COURSES FOR CPE CREDIT. COMPLAINTS REGARDING REGISTERED SPONSORS MAY BE SUBMITTED TO THE NATIONAL REGISTRY OF CPE SPONSORS THROUGH ITS WEBSITE: WWW.LEARNINGMARKET.ORG

DISCLAIMER: THIS SEMINAR WAS FILMED IN Dallas, Texas, ON July 25, 2017, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.

Seminar Level: Beginner

The IRS Office of Professional Responsibility Division presented this seminar at the 2017 IRS Nationwide Tax Forum.

This seminar will address due diligence topics for tax professionals and apply Circular 230 to specific issues in tax practice.

By the end of this presentation, you will be able to:

  • List aspects that define "Practice" before the IRS
  • Determine when Supervisory Responsibility is required
  • List Standards for Documents and other papers under §10.34 (b)
  • Differentiate between Due Diligence and Covered Opinion Standards
  • Identify aspects of a False Opinion

No prerequisites or advanced preparation are required for this seminar.

ITIN Program Changes – Implementation of the PATH Act

$49.00

Target Audience: CPAs, EAs, Annual Filing Season Program Participants
Field of Study: Taxation (NASBA); Federal Tax/Tax Related Matters (IRS)

IMPORTANT INFORMATION REGARDING CONTINUING EDUCATION CREDIT: THE IRS ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING EDUCATION CREDIT FOR ENROLLED AGENTS (EA) AND ANNUAL FILING SEASON PROGRAM (AFSP) PARTICIPANTS. Others, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT.

Note: the credit received from this seminar qualifies as continuing education that is required to obtain the voluntary AFSP – record of completion. however, this website does not offer the AFSP annual federal tax refresher (AFTR) course.

IRS COMMUNICATIONS AND LIAISON IS REGISTERED WITH THE NATIONAL ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY (NASBA) AS A SPONSOR OF CONTINUING PROFESSIONAL EDUCATION ON THE NATIONAL REGISTRY OF CPE SPONSORS. STATE BOARDS OF ACCOUNTANCY HAVE FINAL AUTHORITY ON THE ACCEPTANCE OF INDIVIDUAL COURSES FOR CPE CREDIT. COMPLAINTS REGARDING REGISTERED SPONSORS MAY BE SUBMITTED TO THE NATIONAL REGISTRY OF CPE SPONSORS THROUGH ITS WEBSITE: WWW.LEARNINGMARKET.ORG

DISCLAIMER: THIS SEMINAR WAS FILMED IN Dallas, Texas, ON July 27, 2017, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.

Seminar Level: Beginner

The IRS Wage & Investment Division presented this seminar at the 2017 IRS Nationwide Tax Forum.

This is an update about the significant changes to the Individual Taxpayer Identification Number (ITIN) program made by Section 203 of the Protecting Americans from Tax Hikes Act of 2015 (PATH Act), Pub. L. 114-113, div. Q, enacted on December 18, 2015, that modified Section 6109 of the Internal Revenue Code.

By the end of this presentation, you will be able to:

  • Identify mandates of the PATH Act section 203
  • List ways the IRS has implemented the ITIN Expiration Process
  • Determine when it is necessary to Renew an ITIN
  • Differentiate between the paper and electronic ITIN filing process
  • Identify 2017 ITIN Policy Changes

No prerequisites or advanced preparation are required for this seminar.

IRS Notices Issued after Filing Information Returns (CP2100 or Notice 972CG): What to Do and How to Respond

$49.00

Target Audience: CPAs, EAs, Annual Filing Season Program Participants
Field of Study: Taxation (NASBA); Federal Tax/Tax Related Matters (IRS)

IMPORTANT INFORMATION REGARDING CONTINUING EDUCATION CREDIT: THE IRS ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING EDUCATION CREDIT FOR ENROLLED AGENTS (EA) AND ANNUAL FILING SEASON PROGRAM (AFSP) PARTICIPANTS. Others, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT.

Note: the credit received from this seminar qualifies as continuing education that is required to obtain the voluntary AFSP – record of completion. however, this website does not offer the AFSP annual federal tax refresher (AFTR) course.

IRS COMMUNICATIONS AND LIAISON IS REGISTERED WITH THE NATIONAL ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY (NASBA) AS A SPONSOR OF CONTINUING PROFESSIONAL EDUCATION ON THE NATIONAL REGISTRY OF CPE SPONSORS. STATE BOARDS OF ACCOUNTANCY HAVE FINAL AUTHORITY ON THE ACCEPTANCE OF INDIVIDUAL COURSES FOR CPE CREDIT. COMPLAINTS REGARDING REGISTERED SPONSORS MAY BE SUBMITTED TO THE NATIONAL REGISTRY OF CPE SPONSORS THROUGH ITS WEBSITE: WWW.LEARNINGMARKET.ORG

DISCLAIMER: THIS SEMINAR WAS FILMED IN Dallas, Texas, ON July 27, 2017, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.

Seminar Level: Beginner

The IRS Small Business & Self-Employed Division presented this seminar at the 2017 IRS Nationwide Tax Forum.

This seminar focuses on providing tax professionals with the purpose and a basic understanding of the IRS Information Return Program (IRP). It covers the importance of timely and accurately filing information returns and the responsibility of backup withholding for invalid and/or missing taxpayer identification numbers (TIN). This session also explains penalties related to information returns and how to respond to IRS Notice CP2100 and/or CP2100A and Notice 972CG.

By the end of this presentation, you will be able to:

  • Determine what types of notices the IRS sends regarding return filings
  • List what actions need to be taken when a notice is received
  • Identify the resources available for CP2100/2100A
  • Determine reasonable cause criteria
  • Calculate new potential Information Return penalties

No prerequisites or advanced preparation are required for this seminar.

IRS Future State: Working with You to Transform a Vision into Action

$49.00

Target Audience: CPAs, EAs, Annual Filing Season Program Participants
Field of Study: Taxation (NASBA); Federal Tax/Tax Related Matters (IRS)

IMPORTANT INFORMATION REGARDING CONTINUING EDUCATION CREDIT: THE IRS ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING EDUCATION CREDIT FOR ENROLLED AGENTS (EA) AND ANNUAL FILING SEASON PROGRAM (AFSP) PARTICIPANTS. Others, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT.

Note: the credit received from this seminar qualifies as continuing education that is required to obtain the voluntary AFSP – record of completion. however, this website does not offer the AFSP annual federal tax refresher (AFTR) course.

IRS COMMUNICATIONS AND LIAISON IS REGISTERED WITH THE NATIONAL ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY (NASBA) AS A SPONSOR OF CONTINUING PROFESSIONAL EDUCATION ON THE NATIONAL REGISTRY OF CPE SPONSORS. STATE BOARDS OF ACCOUNTANCY HAVE FINAL AUTHORITY ON THE ACCEPTANCE OF INDIVIDUAL COURSES FOR CPE CREDIT. COMPLAINTS REGARDING REGISTERED SPONSORS MAY BE SUBMITTED TO THE NATIONAL REGISTRY OF CPE SPONSORS THROUGH ITS WEBSITE: WWW.LEARNINGMARKET.ORG

DISCLAIMER: THIS SEMINAR WAS FILMED IN Dallas, Texas, ON July 25, 2017, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.

Seminar Level: Beginner

The IRS On Line Services Division presented this seminar at the 2017 IRS Nationwide Tax Forum.

As digital and virtual communications become more widely used and accessible, the IRS continues to modernize how we interact with taxpayers and their representatives to encourage voluntary tax compliance in a safe and secure manner. This year, new tools and expanded communication options are making it more convenient to address tax issues, whether they are simple or complex. How can these innovations help you navigate audits, collection actions, and other interactions with the IRS? Attend this session and visit the "IRS Future Digital Services" booth in the exhibit hall, to share your perspective and to learn more about how the IRS is working to create a better experience.

By the end of this presentation, you will be able to:

  • List factors that influence the pace of progress
  • Determine which IRS Publication has tips to safeguard tax data for Tax Pros
  • Identify online tools available now
  • List IRS Advisory groups and outreach resources for partners
  • Identify methods of Communication available with the IRS

No prerequisites or advanced preparation are required for this seminar.

IRS and Security Summit Updates: Making Progress Against Identity Theft

$49.00

Target Audience: CPAs, EAs, Annual Filing Season Program Participants
Field of Study: Taxation (NASBA); Federal Tax/Tax Related Matters (IRS)

IMPORTANT INFORMATION REGARDING CONTINUING EDUCATION CREDIT: THE IRS ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING EDUCATION CREDIT FOR ENROLLED AGENTS (EA) AND ANNUAL FILING SEASON PROGRAM (AFSP) PARTICIPANTS. Others, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT.

Note: the credit received from this seminar qualifies as continuing education that is required to obtain the voluntary AFSP – record of completion. however, this website does not offer the AFSP annual federal tax refresher (AFTR) course.

IRS COMMUNICATIONS AND LIAISON IS REGISTERED WITH THE NATIONAL ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY (NASBA) AS A SPONSOR OF CONTINUING PROFESSIONAL EDUCATION ON THE NATIONAL REGISTRY OF CPE SPONSORS. STATE BOARDS OF ACCOUNTANCY HAVE FINAL AUTHORITY ON THE ACCEPTANCE OF INDIVIDUAL COURSES FOR CPE CREDIT. COMPLAINTS REGARDING REGISTERED SPONSORS MAY BE SUBMITTED TO THE NATIONAL REGISTRY OF CPE SPONSORS THROUGH ITS WEBSITE: WWW.LEARNINGMARKET.ORG

DISCLAIMER: THIS SEMINAR WAS FILMED IN Dallas, Texas, ON July 27, 2017, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.

Seminar Level: Beginner

The IRS Wage & Investment Division presented this seminar at the 2017 IRS Nationwide Tax Forum.

Working in partnership with state tax agencies and the tax industry, the IRS made significant inroads against identity theft in 2016 and seeks to build upon that foundation for 2017 and beyond. This session will educate tax professionals about the actions being taken by the Security Summit, detail the initial results and outline the future of the Security Summit approach and tax professionals' roles. The presentation will also detail how tax professionals may partner with the IRS to better protect themselves and their clients. Taxes. Security. Together. We all have a role to play.

By the end of this presentation, you will be able to:

  • List the IRS Security Summit Initiatives
  • Determine the correct victim assistance procedures
  • Identify W-2 Verification code elements
  • List ways in which preparers can partner with the IRS to improve Security
  • Measure results of initiatives to combat fraudulent returns.

No prerequisites or advanced preparation are required for this seminar.

Highlights of 2017 Tax Law Changes

$49.00

Target Audience: CPAs, EAs, Annual Filing Season Program Participants
Field of Study: Taxation (NASBA); Federal Tax/Tax Related Matters (IRS)

IMPORTANT INFORMATION REGARDING CONTINUING EDUCATION CREDIT: THE IRS ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING EDUCATION CREDIT FOR ENROLLED AGENTS (EA) AND ANNUAL FILING SEASON PROGRAM (AFSP) PARTICIPANTS. Others, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT.

Note: the credit received from this seminar qualifies as continuing education that is required to obtain the voluntary AFSP – record of completion. however, this website does not offer the AFSP annual federal tax refresher (AFTR) course.

IRS COMMUNICATIONS AND LIAISON IS REGISTERED WITH THE NATIONAL ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY (NASBA) AS A SPONSOR OF CONTINUING PROFESSIONAL EDUCATION ON THE NATIONAL REGISTRY OF CPE SPONSORS. STATE BOARDS OF ACCOUNTANCY HAVE FINAL AUTHORITY ON THE ACCEPTANCE OF INDIVIDUAL COURSES FOR CPE CREDIT. COMPLAINTS REGARDING REGISTERED SPONSORS MAY BE SUBMITTED TO THE NATIONAL REGISTRY OF CPE SPONSORS THROUGH ITS WEBSITE: WWW.LEARNINGMARKET.ORG

DISCLAIMER: THIS SEMINAR WAS FILMED IN Dallas, Texas, ON July 26, 2017, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.

Seminar Level: Beginner

The IRS Wage & Investment Division presented this seminar at the 2017 IRS Nationwide Tax Forum.

This seminar will discuss the major tax law changes for 2017, including how they affect tax forms and publications.

By the end of this presentation, you will be able to:

  • Identify expired tax provisions
  • Determine changes to qualifying widow(er) status
  • Identify new forms for oil and gas credits
  • List changes to forms for education credits
  • Identify new partnership audit rules

No prerequisites or advanced preparation are required for this seminar.

Calculating the Foreign Earned Income Exclusion for Self-Employed Individuals (WIIC)

$49.00

Target Audience: CPAs, EAs, Annual Filing Season Program Participants
Field of Study: Taxation (NASBA); Federal Tax/Tax Related Matters (IRS)

IMPORTANT INFORMATION REGARDING CONTINUING EDUCATION CREDIT: THE IRS ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING EDUCATION CREDIT FOR ENROLLED AGENTS (EA) AND ANNUAL FILING SEASON PROGRAM (AFSP) PARTICIPANTS. Others, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT.

Note: the credit received from this seminar qualifies as continuing education that is required to obtain the voluntary AFSP – record of completion. however, this website does not offer the AFSP annual federal tax refresher (AFTR) course.

IRS COMMUNICATIONS AND LIAISON IS REGISTERED WITH THE NATIONAL ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY (NASBA) AS A SPONSOR OF CONTINUING PROFESSIONAL EDUCATION ON THE NATIONAL REGISTRY OF CPE SPONSORS. STATE BOARDS OF ACCOUNTANCY HAVE FINAL AUTHORITY ON THE ACCEPTANCE OF INDIVIDUAL COURSES FOR CPE CREDIT. COMPLAINTS REGARDING REGISTERED SPONSORS MAY BE SUBMITTED TO THE NATIONAL REGISTRY OF CPE SPONSORS THROUGH ITS WEBSITE: WWW.LEARNINGMARKET.ORG

DISCLAIMER: THIS SEMINAR WAS FILMED IN Dallas, Texas, ON July 26, 2017, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.

Seminar Level: Beginner

The IRS Large Business & International Division presented this seminar at the 2017 IRS Nationwide Tax Forum.

This session focuses on computing the foreign earned income exclusion for a self-employed U.S. citizen or resident alien. The session will include detailed information on what constitutes foreign earned income, and will walk participants through the preparation of Form 2555, Foreign Earned Income for a fictitious sole proprietor. There will also be a brief discussion on self-employment tax obligations and the effect of Totalization Agreements.

By the end of this presentation, you will be able to:

  • List the requirements for claiming IRC § 911 benefits
  • Differentiate between foreign earned income and domestically earned income
  • Calculate the foreign earned income exclusion (FEIE) for self-employed individuals
  • Determine how to complete the form 2555
  • Identify self-employment tax obligations

No prerequisites or advanced preparation are required for this seminar.

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