SELF-STUDY

Check back often for availability of NEW textbooks and recorded webinars.

Receiving continuing professional education (CPE) credit requires successful completion of an assessment test including 5 questions per CPE hour with a score of at least 70%.

Update for 2019 Returns - $259 includes text, audio presentation, and 8 hours federal uCPE

  Not just theory! Real life application!


Things you'll learn...

· Complete coverage of IRS & CA forms

· New forms with real-life examples to show you how to complete them

· Line-by-line calculations on new forms & worksheets

· CA's NEW partial conformity  - Which provisions did they conform to and when

· CA adjustments calculated and illustrated on Form 540 Sch CA 

· CA's NEW health insurance individual mandate

· Latest news about the Tax Cuts and Jobs Act - And what your software is getting wrong!

· NEW 199A forms (IRS decided 2018 worksheets were not a good idea…)

· QBI review, including handy quick look-up list of specified service businesses

· Rentals - Whether they qualify for 199A deduction, how passive losses impact QBI, how to tax self-rentals to specified service businesses, and more...

· NOLs - New usage rules, and simplified way to calculate carryover amount

· State tax refunds - Why most are NOT taxable!

· Home mortgage interest - Some interesting questions that have arisen

· Office in home - IRS's crazy way to complete form when interest and taxes are over limits

· Depreciation, aggregation, Opportunity Funds, cars and more...

· Case studies – Client documents to completed tax return

· Court cases, revenue rulings, and more...

· Dynamex - Who will have to become an employee in 2020, which professions are exempt, and a form letter explaining the new rules to your clients

· Worksheets, flowcharts, and checklists to help you keep it all straight

· Free FAST FACTS reference card!

· And much, much more...

· Information you can use in the REAL WORLD!


 The self-study materials will be sent to you electronically in .pdf and PowerPoint format. You will also receive a printed copy of our 400+ page book and a free FAST FACTS desktop reference card.

Level - Intermediate

Prerequisites - None


  

Program numbers

IRS UD2VU-U-00064-19-S

CTEC 1008-CE-1091

CFP Program ID #262727

CA Update for 2019 Returns - $50 includes 5 hours CA only CPE

Available only with the purchase of "Update for 2019 Returns".  
 

After attending the "Update for 2019 Returns" live class, or the self-study,  complete a 25 question assessment test based on CA information contained in that text with a score of 70% or higher in order to earn 5 continuing education credits in CA state tax law. No additional textbook or audio is issued with this course. The text from the "Update for 2019 Returns" seminar is used.


Your assessment test will be sent to you electronically.

 

Level - Intermediate

Prerequisites - None

  

Program number

CTEC 1008-CE-1101

2019 Tax Toolbox - $259 includes text, audio presentation, and 8 hours CPE

 Topics covered include:

Tax Cuts and Jobs Act - Stuff You Still Don't Know

1031 Exchanges of Real Estate

Sale of a PTP

Form 4797 - Sale of Business Assets

Net Operating Losses - New TCJA Rules


The self-study materials will be sent to you electronically in .pdf and Power Point format.  

 

IRS course #UD2VU-T-00063-19-S     CTEC course #1008-CE-10889

Updated October 2019

EA Exam Prep Class - $859 includes book, sample questions, audio recordings, & 12 hours CPE

 The time to become an EA is NOW! 

 

  • Focus on topics most often tested
  • Learn more in less time
  • Overcome test-taking fears
  • Memorization tips and tricks
  • Test-taking techniques
  • Intense instruction and immediate application


AND.....If you do not pass your EA exam using our self-study option, you can attend our 2020 live presentations at no charge!

 

You will receive a Fast Forward Academy book in the mail.  The remaining self-study materials will be sent to you electronically in .pdf format.  


Part 1 (5 hours CPE) IRS course #UD2VU-P-00068-19-S    CTEC course #1008-CE-1096  $449

Part 2 (5 hours CPE) IRS course #UD2VU-P-00069-19-S    CTEC course #1008-CE-1097  $599

Part 3 (3 hours CPE) IRS course #UD2VU-E-00060-19-S    CTEC course #1008-CE-1085  $299


Updated August 2019 

California Tax Review for CRTPs - $75 text only, no audio, 5 hours CPE for CRTPs

After completion of the final exam, this course will qualify for five hours of California CPE  for CTEC preparers only.  No credits are available if you are an EA, CPA, or attorney.    


If you register for our Update for 2019 Returns seminar, your cost for this self-study course is just $50 if requested at the time of your  Update seminar registration.  If you already registered for the Update seminar, and would like to add the CA course, please call us at 858.487.2553 to make the change.


The self-study materials will be sent to you electronically in .pdf format.  

No audio is included with this course.


   CTEC course #1008-CE-1074

Updated July 2019

Avoid Ethical Violations - $35 text only, no audio, 2 hours CPE

This self-study course provides two hours of Ethics continuing professional education (CPE) for tax practitioners.  Subjects include disciplinary sanctions imposed on tax practitioners by the Office of Professional Responsibility and cases brought against tax practitioners for failing to file federal tax returns or remit funds for payment of taxes, assisting in the understatement of tax, executing tax fraud, asserting frivolous positions, and aiding and abetting another person to practice before the IRS during a period of suspension.  


All self-study courses are delivered electronically.

No audio is included with this course.


IRS course #UD2VU-E-00065-19-S     CTEC course #1008-CE-1093

Updated October 2019

Circular 230 Ethics - $35 text only, no audio, 2 hours CPE

This course provides two hours Ethics continuing education (CPE). Subject matter includes information about requirements to obtain a preparer tax identification number (PTIN), eligibility for enrollment to practice before the IRS, conduct in representation, violations of regulations, and disciplinary proceedings.  


All self-study courses are delivered electronically.    

No audio is included with this course.


 IRS course #UD2VU-E-00066-19-S

CTEC course #1008-CE-1094

Updated October 2019

Disclosing Client Information - $35 text only, no audio, 2 hours CPE

This course provides 2 hours of Ethics continuing professional education (CPE) to enhance understanding of rules that apply to disclosure and use of client tax return information by a tax return preparer. Subject matter includes allowable disclosure and use, as well as the wording and manner of obtaining mandatory consents from clients to disclose or use their tax return information.


 All self-study courses are delivered electronically.

No audio is included with this course.


IRS course #UD2VU-E-00067-19-S 

CTEC course #1008-CE-1095


Updated October 2019

Like-Kind Exchanges of Real Estate - $59 text only, no audio, 4 hrs CPE

Is this you? You’ve taken classes about like-kind exchanges and think you know the concepts, but when it comes time to actually enter the transaction into your software you suddenly feel lost. It’s not your fault! 

To complete like-kind exchange calculations you really only need 6 numbers:   

  • FMV of the relinquished property
  • FMV of the replacement property 
  • Basis of the old property 
  • Loan on the relinquished property
  • Loan on the replacement property
  • Total expenses from the settlement statements   

You know where to get all those numbers, right?  So why does your software make it so hard?!? And when a client asks about the tax ramifications of doing a like-kind exchange does it take you hours to run all the possible scenarios?  In this class, a simple worksheet and a checklist to lead you through the process will solve both of these problems for you, and you will gain a new understanding of the basic concepts, which will allow you to quickly provide your clients with accurate advice about the outcome of their planned exchanges.

 All self-study courses are delivered electronically.

No audio is included with this course.


IRS course # UD2VU-T-00070-19-S

CTEC course # 1008-CE-1098


Updated October 2019

Taking Full Advantage of Tax Attributes at Death - $59 text only, audio, 2 hrs CPE

When a taxpayer dies, their tax attributes die with them…or do they?!? Capital loss carryovers, net operating losses, suspended passive losses, charitable contribution carryovers, minimum tax credits, these are just a few of the tax attributes that may be lost because of a taxpayer’s death, but with proper application of the rules and some timely planning and advice for the surviving spouse, you may be able to take advantage of these attributes rather than losing them. Understanding the rules about use of tax attributes after death will allow you to advise your clients how to take full advantage of their tax attributes.

 All self-study courses are delivered electronically.

No audio is included with this course.


IRS Course # UD2VU-T-00072-19-S

    CTEC Course # 1008-CE-1100    


Updated October 2019

Form 3115 Line-by-Line - $35 text only, no audio, 2 hours CPE

 Have you ever had a client who was not depreciating their rental property? Or one who was depreciating the land as well as the building?  The Form 3115 is the way you must make corrections in these types of situations. Many preparers had their first exposure to Form 3115 when they filed one for a client who was affected by the new personal property regs issued in 2014. Most of those taxpayers were able to file a "Short Form 3115", but in other situations where filing a Form 3115 is beneficial to a client, you must complete the entire 8-page form. We'll dissect this complex form line-by-line and determine what all that incomprehensible language means. More importantly, you’ll get some valuable templates and learn some amazing shortcuts that will help you complete this 8-page form in just minutes. 

 

All self-study courses are delivered electronically.

No audio is included with this course.


Updated October 2019

Americans Abroad - $20 text only, no audio, no CPE

It’s a small world, and getting smaller every day, and as a result Americans are working abroad, retiring overseas, opening bank accounts in foreign countries, and buying real estate in foreign lands. All of these things present challenging tax situations. It is imperative that you understand the benefits that are available to reduce the double tax burden that would otherwise arise when foreign source income is taxed by both the US and the foreign country from which the income is derived. Learn how to determine if your client can pass the Physical Presence Test or Bona Fide Resident Test, and when and how to use the Foreign Earned Income & Housing exclusions or Form 1116 Foreign Tax Credit. Explore the impact of those decisions on IRA contributions. Also learn what reporting forms must be filed to disclose ownership of foreign assets to avoid potentially huge penalties, and much more...

 

All self-study courses are delivered electronically.

No audio is included with this course.


Updated July 2018

Baby, Oh Baby! - $20 text only, no audio, no CPE

  From birth to college graduation the cost of raising a child is astronomical, but so are the possible tax benefits! We’ll follow a child from birth or adoption through preschool, daycare, the Little League years, camps, braces, private school, working in Mom and Dad’s business, contributing to their first IRA, buying their first car, college (including tax-benefits of different housing options), landing their first real job, paying off those student loans, all the while looking for possible planning opportunities to obtain maximum tax relief for their parents. We’ll find ways to help families of all income levels reduce their tax liabilities. With some creative planning, your clients may decide they don’t want those little tax deductions to leave the nest… 


All self-study courses are delivered electronically.

No audio is included with this course.


Updated June 2018

Rentals...Simple! Right? - $20 text only, no audio, no CPE

Roommate… Rental to family member… Occasional rental… Vacation home… Bed and Breakfast… Less than 7 day average rental… Less than 14 days personal use… Extraordinary services provided… Foreign exchange student… Less than FMV rent… Passive loss limitations… 280A limitations… Joint ventures… The list of complications is endless. And now we also have to determine how the new §199A 20% QBI deduction will apply to these activities! Learn how to handle all these glitches using an AMAZING flowchart that will lead you to the correct answer step-by-step.

 

All self-study courses are delivered electronically.

No audio is included with this course.


Updated November 2018

Repair or Improvement? - $59 text only, no audio, 2 hours CPE

Now that we have 100% bonus depreciation, the repair regs are no longer important, right? Wrong! 100% bonus depreciation is not available for residential real estate, so your clients who own residential rental properties still need to apply the repair regs. Can you expense a new kitchen in a rental property? Or a new furnace? Or new windows? Or a new fence? The answers may surprise you!!! New regulations recently issued by the IRS provide guidance to help answer the common and difficult question of whether expenses are deductible as maintenance or must be capitalized as improvements, and may make it possible to deduct many items you would have capitalized in the past! A handy flowchart will lead you through the required questions and tests, and will be a valuable resource back in your office. It is time to rethink how you approach these questions!

 

All self-study courses are delivered electronically.

No audio is included with this course.

2 hours CPE credit Federal Tax law


Updated October 2019

The Sharing Economy - $20 text only, no audio, no CPE)

Airbnb. Uber. Zipcar. Ebay. These are just a few of the new business models that are a part of the “Sharing Economy”, an economic system in which assets or services are shared between private individuals, either free or for a fee, typically by means of the internet. This trend in business is extremely popular with the millennial generation, as is the “Gig Economy”, an environment in which temporary positions are common and organizations contract with independent workers for short-term engagements. And don’t forget about the “Digital Economy”, including Bitcoin, that those same millennials are using to pay for these services. In this class we’ll learn how to properly report all these “new” economies on a tax return, including determining whether they qualify for the new §199A 20%QBI deduction.

 

All self-study courses are delivered electronically.

No audio is included with this course.


Updated August 2018

Recorded seminars include a .pdf file of the textbook and a Power Point presentation including audio recorded at one of our live seminars. This format allows you to hear specific material as often as you like, without wasting time searching through audio. Go right to the material you want to review! 


All recorded seminars and self-study courses are delivered electronically. You will receive an email containing your purchase within 48 hours of completing your order. This order cannot be cancelled once delivered.


 Receiving continuing professional education (CPE) credit requires successful completion of an assessment text including 5 questions per CPE hour with a score of at least 70%. 

Continuing Education Credit

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 These self-study seminars have been designed to meet the requirements for  Federal Tax Law continuing education hours for EAs, CRTPs, and CPAs. We have entered into an agreement with the Office of the Director of Practice, Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, Section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors and length of class hours. This agreement does not constitute an endorsement by the Director of Practice as to the quality of the program or its contribution to the professional competence of the enrolled individual.  

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These self-study seminars have been designed to meet the requirements for  Federal Tax Law for the California Tax Education Council. This does not constitute endorsement by the CTEC as to the quality of the course or its contribution to the professional competence of the preparer. 

 For more information regarding administrative policies such as complaints or refunds, contact Brass Tax at (858) 487-2553.