2024 Tax Fundamentals Bootcamps

Our Tax Fundamentals Bootcamps will provide attendees with a back to basics, form-based approach to specific areas of taxation. Each 8-hour bootcamp will be taught over the course of three evenings and will include a comprehensive English-language reference manual for download. Note: these classes are best suited to those who already have some experience in the topic. The course will cover all the major components of each area of taxation at an intermediate-level.

Business Tax Forms Bootcamp

Next Date: TBA (Spring-Summer 2025)

These courses provide a comprehensive, hands-on understanding of the preparation of both S Corporation and partnership/LLC tax returns.

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Tax Fundamentals Bootcamp: Business Tax Forms

This 8-hour program will be offered as a live webinar over 3 sessions.

English: Next Date Spring-Summer 2025
Spanish: Next Date TBA (January 2025)

Webinar

Hosted by CSEA

Speakers: Anita Monrroy, EA, CPA, MST (English)
Manuel Azcorra, EA (Spanish)

Description

The course provides a comprehensive, hands-on, pencil pushing understanding of the preparation of both S corporation and partnership/LLC tax returns, along with the underlying laws, regulations, etc. The course uses the basic concepts underlying the two main types of business returns: 1120-S and 1065 as building blocks for more complex concepts tax preparers should be aware of. The theoretical concepts get illustrated in comprehensive examples that incorporate the most up-to-date law changes and provisions.

Major Topics:

Compare and contrast the tax consequences, opportunities, and pitfalls of operating a business as a partnership, LLC, or S corporation
Reporting requirements and filing exceptions for Schedules K-2 and K-3
Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations
Gain a comprehensive understanding of income tax laws for S corporations from eligibility and election to tax return preparation, stock basis, and loss limitation issues
Recognize and properly handle special pass-through items of income and expense
Accurately prepare S corporation returns and reconcile book income to taxable income
Accurately prepare partnership returns and reconcile book income to taxable income
What the transactional method entails and how to report partners’ capital accounts under this method
Properly handle the tax treatment of distributions to shareholders, partners, or members
Understand the special restrictions and sanctions for tax year-end selection
Review the basics of partnership and LLC formation and basis calculation
Self-employment tax or NOT, for each entity
Filling in K-1s correctly for S corporations, partnerships, and LLCs. Major changes in K-1 reporting on both partnership and S corporation forms and content
The most frequently used forms and schedules, including some form “oddities”

Learning Objectives

Learn in detail about the preparation of Form 1120-S, Schedules M-1, K, and K-1.
Learn in detail about the preparation of Form 1065, Schedules M-1, K, and K-1.
Identify and handle commonly found S corporation and partnership tax issues.

Learning Level: Intermediate

Prerequisites: Experience with the preparation of income tax returns

Continuing Education

IRS: 8 hrs Fed Tax Topics

CTEC: 8 hrs Fed Tax Topics

NASBA (CPA): 8 hrs Taxes (Self-Reporting)

CA Bar: 6.75 hrs Taxation Law (Self-Reporting)

CPA CA: 8 hrs (Self-Reporting)

Pricing

Member

Early $329

Regular: $389

Non-Member

Early: $389

Regular: $449

EA Exam/Basic Tax Students

Early: $279

Regular: $339

Please note: Student pricing is for students enrolled in 2024 EA Exam Prep or Basic Tax course.

Webinar Details

After registering, everything you need for attending this webinar will be found in Your Learning Center.

Cancellation/Refund Policies

Due to the proprietary nature of the materials provided in the Tax Fundamentals Bootcamps, refunds will not be granted once the manuals are available for download, typically 7 days before the first class. Before then, full refund if request is received in writing and sent to info@csea.org.

Trust Tax Forms Bootcamp

Next Date: TBA (Spring-Summer 2025)

These courses are designed as a comprehensive guide to the core concepts of income tax preparation for trusts. The included manual is an excellent reference source for your practice.

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Tax Fundamentals Bootcamp: Trust Tax Forms

This 8-hour program will be offered as a live webinar over 3 sessions.

English: Next Date Spring-Summer 2025

Webinar

Hosted by CSEA

Speaker: Mary Philippsen, EA

Description

This course is designed as a comprehensive guide to the core concepts of trust income tax preparation. The course explains the common terminology and complicated income tax rules of estates and trusts, fiduciary accounting, and an introduction to or refresher on preparing Form 1041. This practical, over 300-page manual is an excellent reference source for your practice, which begins with quite simple cases. Building upon that base throughout the manual, the course ends with two complicated preparation cases, one trust and one estate, each with filled-in forms.

Major Topics:

Classifying receipts between "income" and "corpus" under the Uniform Principal and Income Act
Calculation of DNI utilizing three different methods, a "forms" method (Schedule B), a "code" method, and a "shortcut" method, utilizing a worksheet of common income and expenses
Proper W-2 preparation and procedures in the year of death
Taxpayer passes before taking a required minimum distribution; what must be done?
Forgetful fiduciaries of simple trusts
Fluctuating trusts – Simple one year, complex the next
Dividing income in the year of death
Overview of Subchapter J
Form preparation issues – Filing requirements and line-by-line explanations of Form 1041
Taxable income of estates and trusts and expense allocation issues
Specific deductions and miscellaneous itemized deductions
Income in respect of a decedent
The income distribution deduction calculation
Relation of principal and income law to DNI
Understanding how to handle capital gains and losses
Allocating tax items to beneficiaries: another K-1
Other considerations: excess deductions on termination
Effects of the CARES and Tax Relief Acts on trusts: §461(l) Excess Business Loss Limitation, NOL, §163(j) modifications, new employer credits
Comprehensive DNI case study, with principal (cost and FMV) and income reconciliation
Comprehensive trust and estate case studies, with filled-in forms

Learning Objectives

Be aware of fiduciary accounting principles
Calculate Distributable Net Income and the income distribution deduction
Prepare Form 1041 and Schedule K-1

Learning Level: Intermediate

Prerequisites: Experience with the preparation of income tax returns

Continuing Education

IRS: 8 hrs Fed Tax Topics

CTEC: 8 hrs Fed Tax Topics

NASBA (CPA): 8 hrs Taxes (Self-Reporting)

CA Bar: 6.75 hrs Taxation Law (Self-Reporting)

CPA CA: 8 hrs (Self-Reporting)

Pricing

Member

Early $329
Regular: $389

Non-Member

Early: $389
Regular: $449

EA Exam/Basic Tax Students

Early: $279
Regular: $339

Please note: Student pricing is for students enrolled in 2024 EA Exam Prep or Basic Tax course.

Webinar Details

After registering, everything you need for attending this webinar will be found in Your Learning Center.

Cancellation/Refund Policies

Due to the proprietary nature of the materials provided in the Tax Fundamentals Bootcamps, refunds will not be granted once the manuals are available for download, typically 7 days before the first class. Before then, full refund if request is received in writing and sent to info@csea.org.

Individual Tax Forms Bootcamp

Next Date: TBA (Spring-Summer 2025)

These courses will teach you to prepare a moderately complex federal individual income tax return.

×

Tax Fundamentals Bootcamp: Individual Tax Forms

This 8-hour program will be offered as a live webinar over 3 sessions.

English: Next Date Spring-Summer 2025
Spanish: Next Date TBA (January 2025)

Webinar

Hosted by CSEA

Speakers: Larry Pon, EA, CPA (English)
Manuel Azcorra, EA (Spanish)

Description

This course will teach you how to prepare a moderately complex federal individual income tax return (Form 1040).

Major Topics:

New and expanded energy credits under the Inflation Reduction Act (IRA)
Preparation of various Form 1040 individual tax returns and schedules; provided answers include "filled-in" forms
Coverage of Form 7203
Coverage of §199A qualified business income, its calculation, limitations, and examples
Dividends and interest – Ordinary, return of capital, and capital gain distribution dividends; tax-exempt interest, original issue discount, etc.
Security transactions – From Form 1099-B to Form 8949 to Schedule D, plus mutual fund sales and related basis issues
Self-employed person issues
Schedule C deductions including depreciation
Sale and exchange of property – Understanding Form 4797 and depreciation recapture; capital gains
A working understanding of passive losses – How to handle rental property and how the passive loss rules flow to the tax forms
Itemized deductions – A thorough understanding of what's deductible and what's not
Interest deductions – Limitations and timing problems
Charitable contributions substituting for taxes, IRS says – No!
Retirement contributions and education credits and deductions
Tax computations – The Kiddie Tax, AMT, regular tax, tax credits
Individual problems illustrated by form preparation for various items, with numerous "practice tips"
Impact of recent legislation and forms changes on the 1040

Learning Objectives

Learn complicated issues of filing status and dependency exemptions
Learn about Schedules A, B, C, D, E, and SE; Forms 8867, 4797, and 4562; passive rules and more
Complete comprehensive problems related to Schedules A, C, and D; QBI, 4797, 6251, and more, all with "filled-in" forms
Learn about IRA contributions, self-employed retirement plans, child-care credits, and the adoption tax credit

Learning Level: Intermediate

Prerequisites: None

Continuing Education

IRS: 8 hrs Fed Tax Topics

CTEC: 8 hrs Fed Tax Topics

NASBA (CPA): 8 hrs Taxes (Self-Reporting)

CA Bar: 6.75 hrs Taxation Law (Self-Reporting)

CPA CA: 8 hrs (Self-Reporting)

Pricing

Member

Early $329
Regular: $389

Non-Member

Early: $389
Regular: $449

EA Exam/Basic Tax Students

Early: $279
Regular: $339

Please note: Student pricing is for students enrolled in 2024 EA Exam Prep or Basic Tax course.

Webinar Details

After registering, everything you need for attending this webinar will be found in Your Learning Center.

Cancellation/Refund Policies

Due to the proprietary nature of the materials provided in the Tax Fundamentals Bootcamps, refunds will not be granted once the manuals are available for download, typically 7 days before the first class. Before then, full refund if request is received in writing and sent to info@csea.org.

Cancellation Policy: Due to the proprietary nature of the materials provided in the Tax Fundamentals Bootcamps, refunds will not be granted once the manuals are available for download, typically 7 days before the first class. Before then, full refund if request is received in writing and sent to info@csea.org.

Tax Fundamentals Bootcamps

Business Tax Forms Bootcamp

Trust Tax Forms Bootcamp

Individual Tax Forms Bootcamp

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