IRS Tax Examinations and Hot Issues
Assessing cost, income, and timing factors and setting appropriate savings goals * Investing, saving, or borrowing? * Federal financial aid eligibility and the effect of savings * Estimating expected family contributions and advising on the FAFSA * Multigenerational college funding strategies and associated tax advantages * Coverdell ESA overview * Section 529 Plans: types, tax benefits, ownership issues, and impact on financial aid * Education savings bonds * IRA distributions * Taxation of scholarships, fellowships, and grants * Using education credits, the tuition and fees deduction, and the above-the-line student loan interest deduction within the income phase-out limitationsHighlights
- Criteria that the IRS uses to select returns for examination
- How to determine if your client is a victim of tax-related identity theft and resolution strategies
- Worker classification determinations on who is an employee and who is an independent contractor
- S corporation officers’ reasonable compensation issues
- Responsibilities to pay the employment taxes when the business defaults
Registration
PICPA Member: $139
Nonmember: $189
More Information
Course No.
750400
Level:
Intermediate
Prerequisites:
Experience in preparing individual and business tax returns
Notes
This is a four-credit morning seminar (8:00 - 11:30 a.m.; 7:30 a.m. registration)
Speaker(s)
Deborah Phillips
Course No. 750400
Level: Intermediate
Prerequisites: Experience in preparing individual and business tax returns
Notes
This is a four-credit morning seminar (8:00 - 11:30 a.m.; 7:30 a.m. registration)
Deborah Phillips
