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| Author : | Danny C Santucci, JD |
| Course Length : | Pages: 0 ||| Word Count: 16,186 ||| Review Questions: 0 ||| Final Exam Questions: 10 |
| CPE Credits : | 2.0 |
| IRS Credits : | 2 |
| Price : | $17.95 |
| Passing Score : | 70% |
| Course Type: | NASBA QAS - Text - NASBA Registry - IRS Enrolled Agents |
| Technical Designation: | Technical |
| Primary Subject-Field Of Study: | Taxes - Taxes for Course Id 831 |
| Description : | How can you help your clients protect their assets? What is the best way for your client to “go bankrupt”? How can you help your client avoid the tax trap when going through a divorce? This course addresses all of these and many other, critical legal issues for the tax practitioner in a quick and effective potpourri of legal topics and their tax impact. The emphasis is on the tax consequences of common legal issues in today's litigious society. From the Americans with Disabilities Act to Social Security taxes, a generous sampling of key areas is examined and explored. Tax practitioners will be quickly surprised to find how often the "tax tail" can wag the legal dog. |
| Usage Rank : | 12000 |
| Release : | 2024 |
| Version : | 0 |
| Prerequisites : | General understanding of federal income taxation. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Additional Links : |
Tax Laws
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| Advance Preparation : | None. |
| Delivery Method : | QAS Self Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 14-Mar-2024 |
| NASBA Course Declaration : | Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
| Approved Audience : | NASBA QAS - Text - NASBA Registry - IRS Enrolled Agents - 831 |
| Keywords : | Taxes, Selected, Legal, Issues, Tax, Analysis, Mini, Course, cpe, cpa, online course |
| Learning Objectives : |
As a result of studying the assigned materials, you should be able to meet the objectives listed below. ASSIGNMENT
* COBRA coverage * Bankruptcy * Divorce settlements & divisions * Employment & Social Security * Americans with Disabilities Act * Entities and title * Insurance & foreclosure * Involuntary conversions * Torts and personal injuries
2. Determine the business relationships of principal, employee and independent contractor including the legal and tax consequences of their relationship to a business, specified business and legal risks posed by these parties, including co-ownership, employment, Worker's Compensation, COBRA and Disability Act provisions and identify proactive techniques such as buy-sell agreements and regulatory compliance procedures. 3. Recognize the variety of personal tax and legal issues such as divorce, foreclosure, legal title, and income needs that can directly impact a client’s business and determine how investment, insurance, and government benefit planning can address these issues. |
| Course Contents : | Chapter 1 - Selected Legal Issues with Tax Analysis Asset Protection Why Asset Protection? Types of Liability Basic Protection Concepts Types of Creditors Evading Creditors Fraudulent Transfers Statute of Limitations Permissible Asset Transfers Insurance Buy-Sell Agreements Definition Divorce Premarital Agreements Post-Nuptial Agreements COBRA Coverage Coverage Termination Notice Election Choice of Coverage Cost Deductibles American Recovery & Reinvestment Act Bankruptcy Federal Bankruptcy Bankruptcy Types Chapter 7 - Liquidation Chapter 11- Reorganization Chapter 13 - Wage-Earner Plan Automatic Stay Preferences Priorities Super Priority Claims Secured Claims Priority Claims Divorce Settlements & Divisions Divorce Settlements - The Tax Trap Section 1041 Property vs. Income Incident to Divorce Related To Termination Property Basis Purchases between Spouses Residence Employment The Employment Relationship Employee v. Independent Contractor Common Law Rules Used by IRS Factors Statutory Employees Real Estate Agents Reporting Requirements Penalties Section 530 Relief Unemployment Compensation Federal Unemployment (FUTA) Tax - §3301 & §3306 Unemployment Compensation Workers’ Compensation Tax Exemption Unreasonable Compensation Overall Limitation Factors Employee’s Qualifications Size of the Business Employee’s Compensation History Unreasonably Low Salaries Services Performed by the Employee Past Service Reasonable Dividends Bonuses as Constituting Dividends Payback Agreements Miscellaneous Factors Social Security How Social Security Works Social Security Participants Social Security Benefits Retirement Benefits Qualification Calculation Personalized Benefit Estimate Social Security’s Payroll Tax or FICA - §3111 & §3121 Rates Tax after Retirement Americans with Disabilities Act of 1990 Disabled Access Credit - §44 Eligible Small Business Eligible Access Expenditures Credit Amount Architectural Barrier Removal - §190 Entities & Title Ownership Vehicles & Entities Individual & Sole Proprietorship Corporate Categories of C Corporations Trusts Title Holding Business Trusts Co-Tenancy Partnership Family Partnerships Limited Liability Company Retirement Plan Custodianship Estate Insurance Life Insurance Purpose Tax Overview Income Tax Transfer for Value Rule Estate Taxes Gift Taxes Annuities Deferred Annuity Private Annuity Foreclosure Discharged Debt Nonrecourse Indebtedness Recourse Indebtedness Reporting Form 1099A Involuntary Conversions Condemnations Threat of Condemnation Reports of Condemnation Property Voluntarily Sold Easements Condemnation Award Amounts Withheld From Award Net Condemnation Award Interest on Award Payments to Relocate Severance Damages Treatment of Severance Damages Expenses of Obtaining an Award Special Assessment Withheld from Award Severance Damages Included in Award Gain or Loss from Condemnations How to Figure Gain or Loss Part Business or Part Rental Postponement of Gain Choosing to Postpone Gain Cost Test Replacement Period Condemnation Replacement Property Acquired Before the Condemnation Extension Time for Assessing a Deficiency Related Party Rule Torts & Personal Injuries Types of Torts Intentional Torts Unintentional Torts Business Torts Damages Personal Injury Awards - §104 Personal Injury Back Pay Installment Payments Nonphysical Personal Injury Punitive Damages Wrongful Death Interest & Legal Fees Glossary |
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