Educational Webinar
2020 Federal Tax Update
2020-12-15
Tuesday
11:00 AM PST
until
01:00 PM PST
Duration: 2 hours
Registration
THIS EVENT IS IN THE PAST
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Learning Session

  • Free CPE
  • Non-sponsored Events mean you never listen to a 3rd party sales pitch – it’s all just great education
  • Expert-instructor-led learning with live Q&A
  • Based on a great course on Illumeo

This webinar discusses recent judicial and administrative tax decisions impacting corporations, pass-through entities, and individuals. It includes 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 in an IRS audit.


A review of salient court cases includes the following topics:

  • Conservation easement deductions,
  • Retirement distributions,
  • Basis/Gain/Loss/Deduction issues,
  • Gifts/Inheritances,
  • Employment/Independent Contractor issues,
  • Tax Administration issues relating to the imposition of the accuracy-related penalty, the gross valuation misstatement penalty, the fraud penalty, and the failure to file/pay penalty


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



REGISTER

OBJECTIVES

After attending this event you will be able to:
  • Understand how the court system works when appealing an unfavorable IRS audit determination, and how the IRS administers the tax laws.
  • Understand the requirements for claiming a conservation easement deduction.
  • Understand the tax consequences of distributions from qualified retirement plans.
  • Understand how to recognize gain/loss on the disposition or gift of assets and ownership interests in pass-through entities.
  • Understand the role of penalties in the administration of our tax laws and the need for “due diligence” when classifying workers as independent contractors rather than employees.

SPEAKERS

Cherie Henig, Professor, UNCW

Cherie received her Bachelor's, Master's, and Ph.D. degrees in accounting from the University of Colorado. She began her career as an IRS revenue agent in Denver, Colorado and has taught numerous undergraduate and graduate tax courses at University of North Carolina, Wilmington, Florida International University, Colorado State University, the University of South Florida, and Virginia Tech. She has published numerous tax articles in many major tax journals, is an author or co-author of numerous tax texts, including Practical Guide to Schedule M-3 Compliance (Second Edition) and Contemporary Tax Practice: Research, Planning and Strategies (Second Edition), both published by CCH. She has written and taught numerous continuing professional education courses. She was a faculty intern with local and national CPA firms, and conducted research for the IRS Statistics of Income Division and the District Office of Research and Analysis. She is a member of the American Taxation Association, the American Institute of CPAs, and served on the Tax Executive Committee of the AICPA Tax Division.


Jennifer Robbins, Webinar Manager, Illumeo

Jennifer is a marketing specialist and the webinar manager for Illumeo. She has been a part of more than 300 webinar presentations, supporting our expert presenters and Illumeo users alike. When she’s not moderating webinars, she’s creating and managing marketing content.


Continuing Education Information

Certified Public Accountant

Continuing Ed Credit: 2 CPE Credit
Field of Study: Accounting
CPE Delivery Method: Group-Internet
Program Location: Online

Chartered Accountant (IES7 CPD)

Continuing Ed Credit: 2 Hour
Field of Study: Accounting
CPE Delivery Method: Group-Internet
Program Location: Online

Certified Management Accountant

Continuing Ed Credit: 2 CPE Credit
Field of Study: Accounting
CPE Delivery Method: Group-Internet
Program Location: Online
Program Level: Basic
Prerequisites:
No advanced preparation or prerequisites are required for this course.

Certified Internal Auditor

Continuing Ed Credit: 2 CPE Credit
Field of Study:
Auditing and accounting
CPE Delivery Method: Group-Internet
Program Location: Online
Program Level: Basic
Prerequisites:
No advanced preparation or prerequisites are required for this course.

Certification in Risk Management Assurance

Continuing Ed Credit: 2 CPE Credit
Field of Study:
Other activities contributing to professional competence
CPE Delivery Method: Group-Internet
Program Location: Online
Program Level: Basic
Prerequisites:
No advanced preparation or prerequisites are required for this course.

Register for this Event