We’ll cover important concepts you can use in your daily practice. You’ll leave the course more comfortable with important principles that underlie tax practice. Purchases of a business and sales of a business.
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2029 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN cardPublication Date: June 2026
Designed For
This course is recommended for tax professionals who want to gain a deeper understanding of practical tax rules that will make you more comfortable and effective in the tax business.
Topics Covered
- IRS controversy
- Research
- Tax planning
- Phantom income
- Choice of entity
- Tax doctrines
- Using artificial intelligence (AI)
- Practice tips
- Angry clients
- Accepting mistakes
- Managing your life in a demanding profession
Learning Objectives
- Identify the availability of the "Cohan rule" to make reasonable estimates of expenses when no reliable evidence of the exact amounts
- Recognize how to use reasonable allocations to quickly complete tax returns
- Describe how to maximize losses on the administration of an estate
- Identify practice management tools to make your firm more profitable
- Identify how many tests an employee must pass for an S corporation to be recognized as separate from its owner (so it can save payroll taxes)
- Identify the best method for reducing taxes proposed by an auditor
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
Instructor
Greg White
Greg White, CPA, taught for 14 years as an adjunct professor for Golden Gate University. He’s admitted to practice before the United States Tax Court. He is a founder and shareholder, in WGN PS in Seattle, WA. He has been named a Top 50 IRS Representation Practitioner in the U.S. by CPA Magazine and has taught for a number of professional organizations. Greg enjoys the technical side of tax, but also likes to have fun in class.