Author: Greg White
CPE Credit: 2 hours for CPAs
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.
Publication Date: June 2025
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
- Broad practice principles
- 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 regarding controlled entities
- Identify the portion of competent petitions that typically reach a settlement
Level
Basic
Instructional Method
Self-Study
Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
The Everyday Tax Rules: Tax Tips from 38 Years in the Trenches ACCPE on-demand video CPE course is a flexible self-study program designed for CPAs and accounting professionals. This course provides practical knowledge and real-world applications. You can complete the course online and receive your certificate instantly upon passing the exam. ACCPE makes earning CPE convenient, affordable, and fast.
