Everyday Tax Rules: Tax Tips from 38 Years in the Trenches
Author: Greg White
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
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
