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This course discusses recent judicial and administrative tax decisions impacting individuals and pass-through entities. A brief review of the judicial and administrative tax system includes a discussion of which court a taxpayer should use when an administrative remedy cannot be reached after an IRS audit.

A review of salient court cases includes the following topics:

  • What is included/excluded in gross income?
  • What deductions are allowed from gross income based upon whether an activity is “engaged in for profit” or a “passive activity,” and whether the expense is a “pre-opening” or “start-up” expense, an “ordinary and necessary business expense,” is “adequately substantiated,” and is not a personal expense.
  • Deductions from gross income, including limits on charitable contribution deductions.
  • Trust fund tax penalties, including determining who is a “responsible person” for paying federal employment taxes.
  • Tax Administration issues including relief from joint and several liability, and “innocent spouse” relief on a married filing jointly tax return.
  • Tax penalties for: failure to file/pay, filing a frivolous tax return, fraud, negligence, gross valuation misstatement, and the Foreign Bank and Financial Account (FBAR) reporting penalty.

This course also discusses how to avoid/minimize common mistakes made when filing a tax return.

Learning Objectives

  • Identify and understand how the court system works when appealing an unfavorable IRS audit determination, and how the IRS administers the tax laws.
  • Explore and understand the definition of gross income.
  • Discover and understand the limitations on deducting expenses from gross income.
  • Identify and understand the requirements for itemizing deductions and claiming the charitable contribution deduction.
  • Discover and understand the tax liability of a “responsible person” for unpaid trust fund taxes and the role penalties play in the administration of federal tax law.
Last updated/reviewed: October 11, 2022

4 Reviews (18 ratings)Reviews

5
Anonymous Author
Very informative and gave great examples and court cases that provided insight into how things would be handled in each scenario.
5
Anonymous Author
One of the most interesting tax courses I've taken. The case examples were excellent and made the learning more real-world.
5
Member's Profile
Great course! Thanks for researching so many interesting tax cases and summarizing. Really great content!
4
Member's Profile
Interesting course with all the examples which gave a great model to interpret and learn the law.

Prerequisites

Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  1:52Introduction to 2022 Federal Tax Update
PART I - FEDERAL SYATEMS
  1:10Federal Judicial System
  2:06Federal Tax Administration System
PART II - TAX CASES
  8:34Gross Income
  17:54Deduction from Gross Income
  12:28Deduction from Adjusted Gross Income
  14:00Trust Fund Tax Penalties
  9:28Tax Administration
  16:46Civil and Criminal Penalties
  7:22FBAR Penalties
  10:56Conclusion
CONTINUOUS PLAY
  1:43:462022 Federal Tax Update
SUPPORTING MATERIAL
  PDFSlides: 2022 Federal Tax Update
  PDF2022 Federal Tax Update Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM