“The numbers side of accounting is easy. The people side is hard.” That’s the lesson David Peters learned from a mentor early in his career, and it’s at the heart of his Surgent CPE course, “How Our Economy and Markets Perform in Election Years.” Contentious campaigns, roiling economic cycles, volatile financial markets and rampant misinformation […]
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Student loan repayments: What does it mean for tax professionals?
Surgent course helps tax professionals conquer Inflation Reduction Act
Surgent’s first-to-market CPE course covers the IRA’s new tax provisions in detail, equipping participants to properly advise their individual and business clients if and how the tax changes impact their tax planning.
IRS tax training: 5 reasons to earn the AFSP – Record of Completion
Game-based CE courses make learning fun for professionals
Game-based CE courses make learning fun for professionals For most accounting, finance and tax professionals continuing education courses are a requirement of the job. But continuing education courses don’t have to be boring. Are you tired of traditional approaches to learning? Are you bored by lectures or zone out easily when watching recorded videos? Today’s […]
IRS filing relief for Schedules K-2 and K-3
Last year, the IRS announced new Schedules K-2 and K-3 for the 2021 tax year. These schedules were introduced to standardize the reporting of international tax items that were previously reported on Schedule K-1. The IRS published updated instructions for Forms 1065, 1120-S and 8865 on Jan. 18, 2022, stating that entities with no foreign […]
Build Back Better Act Could Rebound in Congress
Is the Build Back Better Act (BBB) going on a diet? President Biden’s $2.2 trillion spending proposal is showing signs that it’s too big to squeeze through the doors of the U.S. Senate, but advocates believe that losing a few pounds – er, dollars – is just what it needs to win final approval. The […]
Latest on Billionaire’s Tax
Well, the Dems intend to partially fund the upcoming legislation with a wealth tax on roughly 750 Americans. The plan, released this morning, calls for the tax to apply to gains every year, instead of only at sale, to a taxpayer with $1B in assets or a taxpayer who earned $100M in income for three […]
Partner Capital Accounts – The New Wrinkles
If you will be preparing 2020 partnership returns, we have the course for you. By now, you have probably heard partnerships filing Form 1065 for tax year 2020 are to calculate partner capital accounts using the transactional approach for the tax basis method. Partnerships report partner contributions and share of net income or loss, withdrawals […]
Everything You Need to Know Now About PPP Loan Forgiveness
The IRS has recently issued guidance in Revenue Ruling 2020-27 and Revenue Procedure 2020-51 regarding deductions for eligible PPP expenses. Audit ramifications are obviously of concern here. In our new webinar, PPP Loan Forgiveness Case Study: Form 3508S Analyzed and Explained (PPP8), our proven experts will explore the various Form 3508 series options available to request and […]