SS726 | On Demand | Update | Self-Study
AICPA's Annual Federal Tax Update
Thursday, March 1, 2018 - Tuesday, April 30, 2019
Stay up-to-date on the latest tax developments! This comprehensive CPE course covers all legislative, judicial, and IRS developments of the past year with an emphasis on implementation and compliance. Determine how to effectively and confidently complete tax-planning and compliance engagements. Apply current developments affecting individuals (including those regarding income, deductions and losses, tax calculations, individual credits, filing matters), business entities (including those regarding S Corporations and their shareholders, C Corporations, partnerships), estates and trusts, retirement plans, and more.
- Identify planning strategies and compliance actions resulting from the latest changes to federal tax statutes, regulations, cases, and rulings.
- Recognize the requirements for establishing an ABLE account.
- Identify the requirements for tip reporting.
- Identify the new tax filing deadlines related to partnerships.
- Determine when an investment constitutes a partnership for tax purposes.
- Differentiate intangible property that may or may not be subject to tax-free exchange.
- Recognize the limitations on avoiding corporate gain through use of partnerships. ? Recognize when the IRS will issue an estate tax closing letter ? Determine the criteria for deducting bundled fiduciary fees ? Calculate the new information return penalties ? Indicate the status of taxpayer compliance as reported by IRS
- Charles Borek (view bio)
Public accounting senior associates, managers, and partners; tax professionals in company finance or tax departments
- Legislative developments, regulations issued, and recent IRS rulings and guidance for the following:
- IRS rulings, procedures and notices for the last year
- Court cases settled in the last year that provide tax return guidance
- IRS administrative issues, compliance, and new forms
- Individual Income, Deductions, and Business Activities
- Pass-Through Entities and Passive Activities
- Depreciation and Amortization
- Retirement Plans and Fringe Benefits
- Corporate Income, Deduction, Gains, and Losses
- Accounting Methods and Periods
- Estates, Gifts, and Trusts
Mr. Borek practices law and provides consulting services to accounting firms and nonprofit organizations as a principal with the Law Offices of O’,Connor &, Borek, LLC, the firm which he co-founded in 2000. His areas of expertise include taxation of individuals and small businesses, nonprofit law and accounting, and OMB Circular A-133 audits.
Charles has also taught a variety of courses at the University of Baltimore, School of Law and was named Visiting Assistant Professor of Law in 2003. While on the faculty he founded and was director of the University of Baltimore Tax Clinic, which provides free legal assistance to low income taxpayers involved in disputes with the IRS. Prior to joining the law faculty he was an Associate Professor of Accounting and Business Law at Prince George’,s College in Maryland.
He is a frequent lecturer for the American Bar Association, Maryland Institute for CPE of Lawyers and the American Health Lawyers Association. His 2003 book Contract Drafting and Review for the Maryland Lawyer was cited as authoritative guidance by the Court of Special Appeals of Maryland. Charles is a member of the bars of the U.S. Supreme Court, the U.S. Court of Appeals for the Fourth Circuit, the U.S. District Court for the District of Maryland, the U.S. Court of Federal Claims, the U.S. Tax Court, and the Court of Appeals of Maryland. He currently serves as a commissioner on the Howard County (Maryland) Pension Commission.