June 2015 Webinars

Getting Clients Right with Tax Filings – June 2, Noon to 1:00 (CST) - You have a new client, who has not filed in many years.  Learn what IRS needs to bring the client up to date and what procedures are available when a “Substitute for Return” has been filed by IRS.

Tax Basics for an LLC– June 3, Noon – 1:00  (CST) - Now that the LLC has been established what are the filing requirements? What about hiring employees?  Determining your estimated tax payments and how the income will show up on the personal return, depending on the entity election. A general overview of the LLC and some of the problematic issues related to filing for this business entity.

Preparing Form 1040X – June 4, Noon to 1:00  (CST) - A filed tax return may need to be amended for a variety of reasons. This class will cover the basics and provide some tips on preparing a correct and complete amended return, including what documentation is needed in various types of amendments. 

Farm Depreciation Issues – June 9, Noon to 1:00  (CST) - You have a farm client and depreciation is an issue, this class will review the basis of depreciation and the center on some of the specific issues related to farming.  Included will be the determination of repairs vs improvements, provisions of the New Repair Regulations and the impact on your farming clients and will conclude with an overview of §179 and Bonus Depreciation issues.

Confronting a Tax Lien – June 23, Noon to 1:00 (CST) - Your client has a tax lien against their property.  This class will review the lien procedures and provide guidance on who to call and the circumstances where a lien withdrawal is an option.

Payment Options for Your Client – June 24, Noon to 1:00 (CST) - The return has been filed but your client owes.  What options does your client have in paying an IRS balance due?  We will explore the various payment options available to your client.

Business Use of Home – Historical vs the New Safe Harbor Method – June 25, Noon to 1:00 (CST) - The Business Use of Home deduction will be reviewed and the differences between the two methods available will be explored.  This will help you determine what method works best for your client and the advantages and disadvantages of each method will be explored.

Disaster – Assisting Your Client with Recovery – June 30, Noon to 1:00 (CST)- When disaster hits depending on the circumstances, your client can file for a disaster loss on an amended return in some cases or for the loss on a current years return. How is the loss determined and what procedures will your client need to be aware of to determine the loss incurred will be discussed.