May 27, 2015 at 2:00 PM EDT, 1:00 PM CDT, 12:00 PM MDT, 11:00 AM PDT
This is the first of two webinars devoted toPart 2 - Businessesof the Enrolled Agents Exam. The purpose of Session 2A is to review ten topics that are often tested on Part 2, including business income and expense topics applicable to all businesses, sales or exchanges of business properties, and partnership taxation. Sample questions for each topic are interspersed within the presentation and will be worked and explained, and test-taking tips will be emphasized.Materials include several comprehensive diagrams covering such topics as MACRS rules, tax-deferred exchanges, Sec. 1231 property nettings, depreciation recaptures, and partnership formations. Topics covered in this session are:
1.Business Income: Special Inclusion Rules
2.MACRS Cost Recovery Deductions
3.Business Bad Debt Deductions
5.Sec. 1231 Gains and Losses
7.Self-employment Taxes, Estimated Taxes, ACA Penalties, and Other Special Computations
8. Partnerships: Formation Issues at Under Sec. 721
9. Partnerships: Reporting Partnership Income and Guaranteed Payments
10. Partnerships: Distributions and Sales of a Partnership Interest
NASBA CPE:2 Hours/Taxes
IRS CE: 2 Hours/Special Enrollment Exam Test Preparation
Presented by John Everett and Cherie Hennig
This webinar is part of a series of webinars covering the topics relating to the EA Exam. Find all of the webinars in the seriesbelow. The webinars will be recorded live and will be also be available for self-study shortly after the completion of the live webinar.
NSA ConnectED Webinar Series
Program Level: Basic
No refunds or exchanges for cancellations. For more information regarding the webinars, cancellations and content, please contact NSA toll-free at 800-966-6679.
NSA is approved by NASBA, the IRS, ACAT, and CTEC as a provider of continuing professional education.
The National Society of Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:www.learningmarket.org.
NSA has been approved by the California Tax Education Council to offer the above courses to go towards the annual "continuing education" requirement imposed by the state of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone at (877) 850-2832, or on the Internet atwww.ctec.com.
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