Topics for Part 1 include:

NOTE: Any new tax legislation will be incorporated as quickly as possible. If you attended a program prior to the legislation passing, we will email you appropriate updates, IF WE HAVE YOUR EMAIL ADDRESS.

University of Illinois Tax Workbook volume A 

  • Investments: Information reporting of investments; interest issues: imputed interest; self-charged interest; puts and calls; selected securities transactions
  • Employment Issues: employee vs independent contractor; household employees; foreign workers; income exclusions; Voluntary Compliance Settlement Program (VCSP)
  • Agriculture: IRS audit issues; capitalization and depreciation issues; income averaging (not covered in Chicago area locations)
  • Qualified Small Business Health Reimbursement Arrangements
  • Rulings and Cases
  • No ethics credit in Part 1; Two hours of ethics in Part 2

Additional Materials by Ken 

  • Important new dependency regulations
  • Avoiding liability for unpaid employment taxes by Professional Employer Organizations (PEOs)
  • What is a “local metropolitan area” for travel expense purposes?
  • Beware of bogus “wellness” plans

Comments are closed.