This message was sent to ##Email##
|
|
|
|
|
| |
YOUR MEMBERSHIP INFORMATION |
Full Name: ##firstname## ##lastname##
NAEA ID: ##userid##
Membership Exp. Date: ##membertype##
|
|
|
NAEA
NAEA recently conducted a survey revealing that 56 percent of enrolled agents believe many taxpayers still did not heed warning about adjusting their withholding before the 2020 tax season. The online survey also revealed that taxpayers are ill-informed about changes to the tax law that may impact them personally.
This instructor-led seminar will provide instructions for tax practitioners representing business taxpayers. It will outline the necessary compliance for each entity type: sole proprietor; corporations (sub-chapter C and S); partnerships; and state regulated limited liability companies (single-member and multimember). Participants will learn which resolutions are available to BMF cases and which IRS office holds jurisdiction. This course will cover preparation of Forms 433-B and 433-A (pages 5-6) for active and dissolved entities. Specific ordinary and necessary business expenses will be defined for proper classification on financial statements, (i.e., depreciation, loans, owner compensation, loans to shareholders, etc.). Advocate for no TFRP or no enforcement of TFRP on IMF accounts. Participants will learn how to portray a business client’s income, assets, and liabilities to ensure a formal resolution to pay back taxes is feasible for ongoing operations and profitability.
REGISTER TODAY
 |
|
The Master in the Study of Tax Law provides students with access to one of the most comprehensive curricula for advanced tax studies in the country. We equip students with the practical skills required for success in the field of taxation, whether through residential studies in Boston, online, or a combination of both formats.
|
|
This instructor-led seminar focuses on federal tax filing and deposit requirements if a business issues payroll. Special attention will be paid to corporations taxed under sub-chapter S of the Internal Revenue Code since a reasonable wage requirement exists for many shareholders actively participating in the business. The webinar will outline the differences between contract labor and employees so business clients may be counseled on worker classification. Attendees will learn about personal liability through trust fund recovery penalty (TFRP) assessment for parties that are deemed responsible payroll deposits. Strategies, IRS process, and timelines for TFRP representation, including the 4180 interviews, will be covered.
REGISTER TODAY
This webinar explores several topics that often coexist with passive activity losses (PALs) issues under IRC 469. The interactions and relationships of these various provisions are often misunderstood. The session will take a detailed view in applying the Code and regulations related to these various issues. Attendees will have the opportunity to have questions answered online during the presentation for timely and practical guidance. Knowledge gained will provide attendees a solid platform to proactively apply these interrelated issues. REGISTER TODAY
This issue’s “Payroll Corner” discusses reimbursing employees’ business expenses after the TCJA. “Tax Court” examines what qualifies as real estate professional hours for passive activity purposes. NAEA EVP Robert Kerr, EA, reminds members that there’s no crying in tax prep.
Don’t forget to take the EA Journal CE test to earn four credits.
|
|
Does an issue have you stumped? Check out the NAEA Member Forum to find answers to your questions about inherited property and reverse mortgages.
NAEA
NAEA helps you reach people with the power to purchase. Explore exhibit, sponsor, national training event advertising, and publication advertising opportunities across the organization. READ MORE
|
A note to our readers: The following is a list of news coverage highlights earned over the past 30 days or so. This is by no means a comprehensive list of all relevant news stories that mentioned NAEA members during that time.
|
Patrick Haggerty, EA, discusses the impact the 2020 Form W-4 has on existing prior-year IRS lock-in letters for employees in Bloomberg Tax’s Payroll in Practice.
Lori Carpenter was interviewed by Good Day Live!. Watch “Stadler and Company Tax Service: Business Deductions.”
Robert Kerr, EA, was interviewed by Bloomberg Tax. Read “HILL TAX BRIEFING: Virus Panic Prompts Trump Call for Tax Relief.”
Robert Kerr, EA, was interviewed by The Hill. Read “Lawmakers welcome Treasury move to extend tax deadlines.”
Jeff Trinca was interviewed by Bloomberg Tax. Read “IRS Finalizes Fee Increase for Offers in Compromise.”
Robert Kerr, EA; Kathy Hettic, EA; Phyllis Jo Kubey, EA; and Cynthia Leachmoore, EA, were interviewed by Tax Notes Today. Read “Tax Pros Skeptical of IRS Payment Deferral, but Welcome Relief.” (Subscription required)
 |
|
The CCPA has granted consumers new rights regarding their personal information. The
CCPA Play-by-Play Book
 provides information that will help you learn about who the CCPA impacts, what is required of businesses who are impacted, and what the law could mean for you as an accounting or finance professional.
|
|
The NAEA Education Foundation (NAEA-EF), established in 1972, is a 501 (c) 3 charitable organization, dedicated to assisting aspiring enrolled agents on their Circular 230 journey. The Foundation also assists enrolled agents and other Circular 230 licensed tax practitioners with ongoing continuing professional education needs. Among its activities is awarding peer-reviewed scholarships to those who attend NAEA's premiere national continuing education program — the National Tax Practice Institute™ (NTPI™). You can help our mission by making a tax-deductible contribution today.
Forbes
The Internal Revenue Service has announced that high-deductible health plans can pay for 2019 Novel Coronavirus (COVID-19)-related testing and treatment, without jeopardizing their status. This also means that an individual with an HDHP that covers these costs may continue to contribute to a health savings account.
READ MORE
Treasury
Taxpayers will get a three-month reprieve to pay the income taxes they owe for 2019, Treasury Secretary Steven Mnuchin said on Tuesday at a news conference.
READ MORE
Note: Read NAEA’s special E@lert issue coming out later today for members only, in which we unpack the provisions of the Treasury Department’s guidance.
|
|
Forbes
It hasn't been a pretty week on Wall Street. The Dow Jones industrial average plunged nearly 3,000 points sending stocks tumbling to their worst single-day losses since the Black Monday crash of 1987. The markets were mainly reacting to the coronavirus pandemic.
READ MORE
Accounting Today
A new TurboTax phishing scam is going around, and cybersecurity experts are warning taxpayers to be vigilant this tax season to protect themselves against cybercrime.
The scam was discovered by cybersecurity managed services provider Trustwave, when the phishing email hit one of the company’s spam “honeypots” — dummy email addresses and domains designed to attract cybercriminals.
READ MORE
|
|
NAEA Tax Break | Volume 2: Issue 15
Connect with NAEA
Recent Issues | Unsubscribe | Web Version
Colby Horton, MultiView, Executive Vice-President, Publishing/Marketing, 469-420-2601 | Media Kit
Lexi Silverberg, Content Editor, 469-420-2609 | Contribute news
National Association of Enrolled Agents
1730 Rhode Island Avenue, NW, Suite 400 | Washington, DC, 20036, United States
202-822-6232 | Contact Us
Learn how to add us to your safe sender list so our emails get to your inbox. |
|
| |
|
|
7701 Las Colinas Ridge, Ste. 800, Irving, TX 75063
|
