Chapters for these volumes are still being written; therefore, chapter content is subject to change. More detailed information will be available in July.
Volume A: Tax Update and Ethics
- Affordable Care Act Update
- Net investment income
- Additional Medicare tax update
- Individual mandate
- Cost subsidies
- Employer mandate
- Form 1095
- Penalty calculations for individuals and employers
- Effects on small business owners
- Ethical Considerations
- Best practices
- ACA abuse potential
- Information security
- Issues related to 1099s, W-2s, and reasonable compensation
- Agricultural Issues and Rural Investments
- Conservation and pipeline easements
- Hedging and speculation
- ACA's impact on farming business and employees
- Gifting of grain and payment-in-kind
- Defining farm income under various provisions
- Proper use of Schedule F
- Schedule J and income averaging
- IRS Representation and Procedures
- Audit reconsiderations
- 1099-K letters to taxpayers
- TIGTA reports
- Earned income credit
- Education credit
- Marriage Tax Aspects
- Impact of marriage on taxes
- Penalties that affect married couples
- Changing filing status (MFS/MFJ)
- Joint and several liability
- Same-sex marriage issues
- Capitalization or Repair
- TD 9636
- Definition of property
- Repair or improvement
- Safe harbors
- Materials and supplies
Volume B: Entities and Advanced 1040 Issues
- Rulings and Cases. Includes important cases and IRS rulings and announcements occurring between September 2013 and August 2014
- Entity Selection
- Initial formation
- Liability protection for the business and business owner
- Taxation of business entities
- Entity family business considerations
- Taxation of fringe benefits
- Entity selection scenarios
- Small Business Issues
- Accrual of income
- Trust fund recovery penalty
- Relief for late S corporation elections
- Tax aspects of franchises
- Passive Activities
- Importance of material participation
- Material participation for trusts and estates
- Income recharacterization rules
- Use of grouping rules for material participation
- Limitations on deduction of losses
- Use of Form 8582, Passive Activity Loss Limitations
- Real estate professionals
- Individual Taxpayer Issues
- Master limited partnerships
- Claim of right
- Qualified tuition program
- Health FSA—change to “use-or-lose” rules
- Life insurance taxation issues
- Schedule H issues
Volume C: 1040 Issues
- Special Taxpayers
- Professional employees (Form 2106)
- Buyers and sellers of securities
- Armed forces reservists
- Internet businesses
- Homeowners
- Elder Issues
- Long-term care considerations
- Reverse mortgages
- Health insurance coverage and related tax reporting
- Medicare (Parts A, B, and D)
- Medicaid rules and recent changes
- Veterans’ health coverage
- Tax issues related to health insurance and medical expenses
- Tax issues regarding household employees
- Retirement income and other financial matters
- Capital Gains and Losses
- Preparation of Form 8949
- Preparation of Schedule D
- Net Operating Losses
- Calculating the NOL
- Carryback and carryforward rules
- Form 982 adjustments to NOLs
- Pass-through entities
- Select Rules for Retirement Plans
- Basis in traditional IRAs
- Common Form 1099-R problems and corrective action
- Excess contributions
- IRC §72(t) penalty and exceptions