Join expert Greg White, CPA, as he walks through important planning opportunities in a broad variety of areas, including Making your work much easier, overlooked tax savings ideas, Important judicial concepts (claim of right, assignment of income), changing accounting methods to save client’s money, and choosing the best type of entity for new clients.
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 class is appropriate for anybody who wants to have a more comprehensive understanding of real-world tax concepts that are essential for professional tax practice.
Topics Covered
- Judicial doctrines
- Choosing taxable years
- Picking the right type of entity for different types of businesses
- Choosing accounting methods
- Maximizing interest deductions using the interest tracing rules
Learning Objectives
- Recognize the best type of tax entity for a particular type of business
- Identify why sole proprietorships (with liability protection) are often better than S corporations
- Recognize how to choose taxable years
- Apply the rules for apportioning a real estate acquisition among the building, land improvements (bonus eligible) and personal property (bonus eligible)
- Recognize and apply options for choosing accounting methods and how to change them
- Recognize how to maximize interest deductions using the interest tracing rules
- Identify planning ideas for passive activities
- Identify key judicial doctrines frequently encountered in practice (these are crucial in becoming a well-rounded tax professional)
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (4 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.