Learn about the elimination of determination letter application requirements; new methodology for determining Audit CAP sanctions; modifications to the Self Correction Program; and consolidation of prior guidance.
The Affordable Care Act added additional requirements that affect tax-exempt hospitals. Learn about Community Benefit Standard for 501(c)(3) Hospitals; Community Health Needs Assessment and Implementation Strategy; Financial Assistance and Emergency Medical Care Policy; Limitation on Charge Requirements; and Billing & Collection Requirements.
Learn about determining full-time employees for purposes of the Employer Shared Responsibility Provisions; how to determine full-time status for employees who are seasonal, part-time or work non-traditional schedules; using the look-back method and the monthly measurement method; and initial measurement, stability, standard measurement and administrative periods.
Learn about tracking Federal tax due dates on your computer or mobile device, the online Tax Calendar, the Desktop Calendar Tool (IRS CalendarConnector), the Mobile Calendar Tool (IRS CalendarConnector), how to Subscribe/Download into Your Calendar and how to Obtain Calendar Reminders (RSS Feeds).
Learn about new guidance for individually designed plans; when letters may be available in the future; new approach to remedial amendment periods; changes to interim amendment rules and new tools to help plans make required amendments.
This webinar will provide information on the Security Summit initiatives for FY 2017, including enhancing tax professional awareness of client data safeguards and Increase awareness of legal requirements and best practices to better protect taxpayer information.
Recent changes to the regulations governing tax practice before the IRS (Circular 230 Rev. 6/2014). Due Diligence obligations of tax professionals. Overview of other key Circular 230 provisions. Practitioner responsibilities to their clients and to the Tax Administration System. Best Practices for all tax professionals. Office of Professional Responsibility Policies and Procedures.
This webinar covers the basics of the Foreign Earned Income Exclusion Webinar Objectives: • List the requirements for claiming the foreign earned income exclusion. • Identify which form to use, Form 2555 or 2555-EZ. • Specify the information to include on the Form 2555 or Form 2555-EZ
Learn about basic universal availability rules; treatment of adjunct faculty, part-time, seasonal, and temporary employees; the 20 hours per week and 1,000 hours rules; controlled group situations and concerns; Mayo ruling on medical residents and its impact; annual required notice to employees; and ways to find, fix, and avoid universal availability errors.
Learn about reporting compensation correctly; compensation practices (individuals and entities compensated and the amounts paid); fulfilling the requirement of Internal Revenue Code section 6033 (which requires that every organization exempt from taxation under section 501(a) file an annual return).
You will earn all about the IRS tip reporting requirements in this helpful webinar. It covers the difference between tips and service charges, and the necessary documentation needed, including the Form 8027.
En este seminario en español, usted aprenderá acerca de la diferencia entre el tratamiento tributario de un empleado contra un contratista independiente, la Forma SS-8, y el Programa de Acuerdo de Clasificación Voluntaria (In this Spanish language webinar, you will learn about the difference between the tax treatment of an employee versus an independent contractor, the Form SS-8, and the Voluntary Classification Settlement Program.)
Learn what to do in case an unexpected emergency strikes your small business by watching this informative webinar. Topics covered include business continuity planning, employee preparedness, protecting your records and data, and what IRS resources are available to help you.
Learn about the major tax issues faced by your small business in this informative webinar. Topics discussed include selecting a business structure, understanding business taxes, IRS recordkeeping requirements, and IRS help available to you.
Learn about Voluntary Classification Settlement Program; Why it matters to Federal Agencies; Purpose of VCSP; Eligibility requirements; Reclassifications that are not allowed; Effects of entering into an agreement; and Steps of the application process.
Learn about Internal Revenue Code Section 4980H; how to determine if you are an Applicable Large Employer (ALE); defining who is considered to be a full-time employee; and when an ALE may be subject to an Employer Shared Responsibility Payment.
Learn more about the requirements for starting a tax-exempt charity under federal law; ways for new and existing organizations to provide disaster relief without jeopardizing their tax-exempt status; and operational and recordkeeping requirements, fundraising, and working with volunteers.
Learn about Examination program priorities for the new fiscal year; Form 5500 Series return errors and how to avoid them; recurring errors found in 401(k), 403(b), large case, and multi-employer plans; hot topics and issues in Employee Plans today; the recent Compliance Unit projects and summaries of completed projects.
The presentation will provide helpful information that assists employers in meeting their employment tax responsibilities. The prominent employment tax topics being covered are based on comments often receive from the public. Those issues are: Worker Classification, Voluntary Classification Settlement Program, Fringe Benefits, Officer Compensation, and Back-up Withholding & Information Return Penalties.
This webcast provides information on protecting taxpayer Information in the Data Theft Era. It will increase your awareness about data loss threats, provide you with information about best practices and ensure that if you do suffer a loss, you know what next steps to take.
SPEC Grant Program Office VITA Recipient Orientation will include an overview of grantee responsibilities, including reporting requirements, accessing funds using the Payment Management System, review, maintaining financial records.
Learn about what IRS Tip Agreements are available to Native American casinos; the benefits of having a Tip Agreement; how to determine tip rates for various occupational categories; and how to set up an “actual” tip rate that captures all tips received by the employee.
The Internal Revenue Service reminds employers to correctly determine whether workers are employees or independent contractors. Generally, employers must withhold income taxes, withhold and pay Social Security and Medicare taxes, and pay unemployment tax on wages paid to employees. Business owners do not generally have to withhold or pay any taxes on payments to independent contractors.
Learn about when they are tax free or taxable; how to make the determination if they are taxable or wages; how to report taxable payments if they are wages; how to report taxable payments if they aren’t wages.
Learn about the requirements a 501(c)(7) organization must meet; types of social club organizations; how to obtain and maintain tax-exempt status; unique aspects that make 501(c)(7) organizations different from other tax-exempt organizations; and important IRS resources.
Learn about low-cost retirement plans; low-maintenance alternatives to traditional 401(k)s; points to consider in choosing a plan for your business; and resources for setting up and operating your plan, and avoiding plan mistakes (60 mins.)
Learn about cell phone usage; payments In-Lieu of Insurance; moving expense reimbursements; meal allowances and reimbursements; employee vehicles used for employer’s business; and employer provided vehicles.
Learn about what fringe benefits are; Which fringe benefits are taxable; special accounting rules for fringe benefits; what is a working condition fringe benefit; what is a de minimis fringe benefit; taxability of per diem payments; and he accountable plan rules.
Learn about; awareness of potential compliance issues ; understanding the most common tax issues; identifying legal requirements that apply to public employers; recognizing unique federal income, social security, and Medicare taxes and public retirement system obligations.
Learn about what type of plans can make loans to participants; what are the conditions a plan must follow to make loans; what are the required terms of a plan loan; how plan loans may be taxable under IRC Section 72(p); when plan loans violate the prohibited transaction rules of IRC Section 4975; how to fix plan errors involving loans.
Online Payment Agreements, a brief update. Prerequisite for any payment alternative. Collection Information Statements: Your guide to the appropriate payment option. Selling or refinancing property when there's a tax lien.
This webinar helps employers and employees understand their responsibilities regarding tip reporting, tips and service charges, Revenue Ruling 2012-18 and Form 8027, Employer's Annual Information Return of Tip Income and Allocated Tips.
IRS's Office of Appeals recently implemented policy clarifications and procedural changes to ensure its actions are consistent with its purpose to settle disputes on an impartial basis. Learn about these changes before requesting an appeal.
Learn about taking a distribution from a retirement or IRA-based plan; new plan distribution rule that allows you to direct pre and post-tax amounts to multiple destinations; 2015 one rollover per year rule for IRAs; exceptions to the additional 10% tax on early distributions from plans and IRAs; Importance of beneficiary designations; required minimum distributions.
Depreciation is an income tax deduction that allows a taxpayer to recover the cost or other basis of certain property. This video will help Individual taxpayers and small business owners to properly claim this tax deduction.
Learn about the tax benefits available to you and how best to avoid common mistakes small business owners may make. IRS representatives will also be available for a question and answer session directly after the presentation.
Learn about the taxability of certain fringe benefits for state and local governments; accountable plans, allowances, tool allowances, stipends, bonuses, gift cards, day meals, group term life insurance and health flexible savings accounts.
Poor recordkeeping and a failure to recognize all items that constitute gross receipts, otherwise known as taxable business income, are two of the major pitfalls businesses need to be aware of. Small business owners also need to avoid common tax schemes and unscrupulous tax preparers. Learn about all the top mistakes small business owners often make and how you can avoid them.
Learn about such things as: Why we changed the ITIN procedures, The Five-year Expiration Period, ITIN Certification Changes and Exceptions, The C A A Application Process, and, New Training requirements.
This webinar focuses on 2012 tax law, including; Schedule C limitations, Exercising Due Diligence, Identity theft, Expiring Provisions, Enhancements to TaxWise software, 2012 Tax Law and Tax Forms, Where’s My Refund? – An online tool to check the status of taxpayers’ refunds.
Aprenda lo básico acerca del reporte de ganancias o pérdidas de un negocio o profesión. Otros temas discutidos incluyen: pagos de impuestos estimados, impuestos de trabajo por cuenta propia, Anexo C, negocios entre cónyuges, gastos de negocios y mantenimiento de registros.
Taxpayers can grant tax professionals to represent them before the IRS. Hear from the IRS what's new with Third Party Authorizations and explain who can represent a taxpayer per a Power of Attorney, a Tax Information Authorization or a Third Party Designee.
Instruction regarding how to handle predecessor/successor situations; identifying and explaining each of the four types of situations and the effect each has on Social Security coverage: consolidations, annexations, hybrid consolidations, and miscellaneous transitions.
Identity theft and phishing scams are a growing problem that have tax implications for individual taxpayers and businesses. The IRS Privacy Office has information on how to identify scammers and help protect sensitive information and prevent losses.
What is foreclosure or repossession of real property? Learn about taxable cancellation of debt (COD) income. Find out about exceptions and exclusions under IRC 108. Hear about reduction of tax attributes and Form 982.