CPE Catalog & Events
Surgent's Handbook for Mastering Basis, Distributions, and Loss Limitation Issues for S Corporation
Available Until
Virtual
8.00 Credits
Timely coverage of breaking tax legislation Applicable coverage of any basis considerations within any recent tax legislation Passthrough basis calculations required as attachments to certain individual returns Executor’s form for disclosing basis in certain distributed property; what about the basis of a property distribution from a trust? How §179 limitations affect basis and how tax-benefit rule is applied Basis implications of personal assets converted to business use How to calculate basis of inherited qualified and joint tenancy property Tax basis capital account reporting requirements S corporations: Beware of final IRS regulations regarding “open debt”; determine how to calculate basis; worksheets are included; understand the effect of stock basis and debt basis and IRS’s recent focus on “at-risk basis” for shareholders; recognize how AAA applies or doesn’t apply to S corporations; learn to apply the complex basis ordering rules and special elections that can have a big tax result; discuss loss limitation rules in depth; when you can have a taxable dividend in an S corporation; understand distributions of cash and property; understand the post-termination transition rules, and temporary post-termination rules for eligible corporations, which will be important for S corps returning to C corps LLCs and partnerships: Learn the detailed rules of §704 for preventing the shifting of tax consequences among partners or members; learn to calculate basis under §704 & for “at-risk” under §465; recognize how recourse, nonrecourse, and qualified nonrecourse debt can create significantly different tax results; learn the difference between basis and “at-risk basis”; review §754 step-up in basis rules; the economic effect equivalence test or “dumb-but-lucky” rule; learn to apply the complex rules of distribution of cash vs. property, and the basis treatment of charitable contributions and foreign taxes paid
Surgent's Handbook for Mastering Basis, Distributions, and Loss Limitation Issues for S Corporation
Available Until
Virtual
8.00 Credits
Timely coverage of breaking tax legislation Applicable coverage of any basis considerations within any recent tax legislation Passthrough basis calculations required as attachments to certain individual returns Executor’s form for disclosing basis in certain distributed property; what about the basis of a property distribution from a trust? How §179 limitations affect basis and how tax-benefit rule is applied Basis implications of personal assets converted to business use How to calculate basis of inherited qualified and joint tenancy property Tax basis capital account reporting requirements S corporations: Beware of final IRS regulations regarding “open debt”; determine how to calculate basis; worksheets are included; understand the effect of stock basis and debt basis and IRS’s recent focus on “at-risk basis” for shareholders; recognize how AAA applies or doesn’t apply to S corporations; learn to apply the complex basis ordering rules and special elections that can have a big tax result; discuss loss limitation rules in depth; when you can have a taxable dividend in an S corporation; understand distributions of cash and property; understand the post-termination transition rules, and temporary post-termination rules for eligible corporations, which will be important for S corps returning to C corps LLCs and partnerships: Learn the detailed rules of §704 for preventing the shifting of tax consequences among partners or members; learn to calculate basis under §704 & for “at-risk” under §465; recognize how recourse, nonrecourse, and qualified nonrecourse debt can create significantly different tax results; learn the difference between basis and “at-risk basis”; review §754 step-up in basis rules; the economic effect equivalence test or “dumb-but-lucky” rule; learn to apply the complex rules of distribution of cash vs. property, and the basis treatment of charitable contributions and foreign taxes paid
Surgent's Handling Difficult People
Available Until
Virtual
2.00 Credits
Be familiar with the nature and sources of difficult behaviors in the workplace, as well as strategies for addressing them Understand a proven formula for handling difficult people Utilize a problem-solving model to brainstorm strategies for working effectively with challenging individuals Implement a step-by-step process to resolve conflicts between yourself and others within your organization Apply the hostility curve as a tool to maintain control in situations involving angry or upset individuals Implement new strategies for managing your emotions in difficult interactions Understand the impact of attitude on interactions with others Create a personalized action plan for applying course strategies in your workplace
Surgent's Hiring and Firing of Employees - What You Can and Cannot Do
Available Until
Virtual
2.00 Credits
Employment at will—what this means in a practical sense Implied employment contracts What a prospective employer can ask about, and test for, during employment interviews Federal anti-discrimination rules applicable to hiring and firing How to fire an employee and not get sued
Surgent's Hot IRS Tax Examination Issues for Individuals and Businesses
Available Until
Virtual
8.00 Credits
Prepare now and protect yourself from new audit examinations What to do when there is tax-related identity theft Understanding substantiation requirements for travel, charitable contributions, vehicles, meals, virtual currency considerations, and tax-related identity theft Gaining an in-depth understanding of IRS hot examination issues including passive loss rules, real estate professional status, and the Section 199A provisions as they pertain to rental real estate Identify how the IRS holds persons other than an employer liable for unpaid payroll taxes, a.k.a., the trust fund recovery penalty Understanding IRS Audit Techniques Guides and Compliance Campaigns Recognizing the 30-day letter and the 90-day letter, including what the taxpayer’s responsibilities are
Surgent's Hot Topics Related to ASC 606
Available Until
Virtual
1.00 Credits
New and proposed FASB ASUs related to ASC 606 ASC 606 disclosure requirements and examples for non-public business entities Impact of applying ASC 606 due to COVID-19
Surgent's How Can I Spot Fraud? A Review of Fraud Detection and Prevention Techniques
Available Until
Virtual
2.00 Credits
Common fraud prevention strategies Common fraud detection methods
Surgent's How Not-for-Profits Account for Grants and Contracts Under ASU No. 2018-08
Available Until
Virtual
1.00 Credits
Evaluating whether transactions should be accounted for as contributions or as exchange transactions Determining whether a contribution is conditional or unconditional Become comfortable with the new barrier and right of return/right of release terminology
Surgent's How to Account for Internal-Use Software Arrangements
Available Until
Virtual
1.00 Credits
Development costs that should and should not be capitalized How these costs are amortized and how they are tested for impairment Presentation and disclosure requirements
Surgent's How to Effectively Represent Clients Under IRS Audit
Available Until
Virtual
2.00 Credits
Why the IRS selects a tax return for audit What happens when the taxpayer disagrees with the results of the audit IRS employees who interact with taxpayers during an audit FATCA audits Types of IRS examinations Potential IRS audit outcomes Substitute for returns Large Partnership Compliance Program IRS’s shift in audit strategies Responding to IRS Notices online Audits of high income and high net-worth individuals The Bipartisan Budget Act of 2015 (BBA) and its impact on auditing partnerships IRS Letters of Concern
Surgent's How to Settle a Client's Estate
Available Until
Virtual
10.00 Credits
Issues involved when settling an estate – marshaling of assets, payment of creditors, and distribution and accounting to beneficiaries Explaining the needs and limitations of durable powers of attorney, health care directives, and living wills Why a will is probated, and on what grounds it may be challenged Comprehensive checklists on how to read a will, duties of an executor and trustee, and much more Identification and report of estate assets What to do and what not to do as a fiduciary, executor, or trustee – duty of care, investment, informing, payment of debts and taxes, & defending a will contest How executors and trustees interact with beneficiaries Elective shares, and when a spouse might make that choice What a trustee needs to know about incompetents and minors Rights of creditors, third parties, and beneficiaries Key issues in transferring property to a trust and from a trust or estate to a beneficiary Identifying income, estate, and inheritance taxes Fiduciary accounting – principal and income concepts An introduction to drafting an account, and why it is relevant Administration of revocable trusts Estate basis reporting
Surgent's How to Settle an Estate - An Overview
Available Until
Virtual
2.00 Credits
Process of estate administration, including the basics of creating the estate, the role of the executor, and how to probate a will Steps to take immediately upon the death of the decedent and the importance of inventorying the estate assets Problems associated with the distribution of estate assets Utilizing family settlement agreements
Surgent's IA Module 1: Gateway to Excellence in Internal Auditing: A Vital Introduction and Orienta
Available Until
Virtual
4.00 Credits
Introduction to the Internal Audit Profession Institute of Internal Auditors (IIA) Overview International Professional Practices Framework (IPPF) The Vital Mission of Internal Auditing Essential Internal Audit Guidance / Standards Primer
Surgent's IA Module 2: Strategic Roles, Positioning, and Attributes of High Impact Audit Groups
Available Until
Virtual
4.00 Credits
Independence / objectivity and the internal audit function Internal audit organizational reporting structure(s) Major roles and responsibilities of the internal audit activity and its members Effective oversight of the internal audit group Clarity and alignment of internal audit organizational governance/ documentation and messaging (including its charter, reporting lines/ structure, and policies/ procedures) Required knowledge, skills, and competencies of a high-quality internal audit group Orientation and ongoing training / development needs of internal auditors (at all levels)
Surgent's IA Module 3 -- Critical Knowledge Foundations for Internal Auditors: Governance, Risk Man
Available Until
Virtual
4.00 Credits
Governance, Risk Management, and Compliance/Control (GRC) – Internal Auditor’s positioning, roles, and responsibilities IIA GRC guidance overview COSO (Committee of Sponsoring Organizations) history, guidance, and frameworks overviews Critical knowledge foundations and fundamentals: Governance Risk Management/Enterprise Risk Management (ERM) Internal Control Compliance Fraud Deterrence/Fraud Risk Management IT/Cyber security risks/controls Effective GRC coverage related alignment/integration opportunities and strategies for IAs Industry specific guidance/ considerations
Surgent's IA Module 4 -- Maximizing Internal Audit (IA) Value, Coverage, Assurance and Reliance
Available Until
Virtual
4.00 Credits
IAs’ unique and vital value-adding propositions SOX (Sarbanes Oxley Act) impact on the (Internal and External) auditing profession Key IA assurance coverage roles and responsibilities regarding: Strategic and entity-level controls and objectives Internal Control over Financial Reporting (ICFR) Operations efficiency and effectiveness Compliance with laws and regulations Optimizing Internal/External Audit (and other Independent Assurance Activities) coordination and reliance (for SOX and non-SOX engagements): Maximizing assurance coverage efficiencies and effectiveness Achieving excellence in stakeholder servicing and value adding
Surgent's IA Module 5 -- Internal Audit (IA) Risk Assessment and Planning
Available Until
Virtual
4.00 Credits
IA program foundation(s): IA risk assessment and planning IA Risk Assessment and Planning Standards review Enterprise (macro) level internal audit risk assessment and planning including entity level/ wide audit scope, frequency and objectives determinations Process and engagement (micro) level risk assessment and planning, including the alignment and integration with enterprise risk assessment, planning and engagement level scope and objectives determinations Engagement level scope and objectives determinations Internal control design and documentation fundamentals Audit program development and updating
Surgent's IA Module 6 -- Internal Audit (IA) Fieldwork Fundamentals and Documentation Essentials
Available Until
Virtual
4.00 Credits
Fieldwork fundamentals, including a discussion of the following: Types and nature of fieldwork Technical skills development Compliance testing of internal controls Substantive testing of accounts/balances IT/Cyber Security control reviews/testing Audit sampling fundamentals: Statistical/Non-Statistical Audit evidence and evidence gathering techniques Analytical/problem-solving skills development: Identification and analysis of control deficiencies/issues Time management, organization, and communication skills development Workpaper preparation and documentation basics, including best practice techniques, and workpaper self-review
Surgent's IA Module 7 -- Internal Audit (IA) Engagement Management and Administration
Available Until
Virtual
4.00 Credits
IA activity and engagement level management overview The fundamentals of highly effective IA engagement management Engagement planning, supervision, administration, and monitoring Time and resource management, including scheduling, budgeting, status updating, tracking and follow up Audit reporting and report writing Engagement team and stakeholder/partner communications, meetings, and relationship dynamics and development
Surgent's IA Module 8 -- The Internal Audit (IA) Activity Quality/Excellence Continuum!
Available Until
Virtual
4.00 Credits
Defining “Quality” and “Excellence” for an IA activity: your “Defining Moments”! Quality Assurance and Improvement Program (QAIP): an overview QAIP Standards review Requirements of the QAIP: Internal/External Assessments Moving beyond standards compliance to highest-level quality and impact internal auditing It’s all about stakeholders and maximizing stakeholder value Advanced skills/leadership development for Internal Auditors The IA “Success Quadrant” and Never-Ending Quality/Excellence Continuum
