Cryptocurrency Taxation
Oct
24
2:00 PM14:00

Cryptocurrency Taxation

ComPASS holders are already registered for this event.

Click here to purchase this course.

This session provides an overview of how federal tax law principles apply to cryptocurrency transactions.  Notice 2014-21 and recently released guidance (Rev. Rul. 2019-24 and website FAQs) will be discussed as well as areas where the tax law is unclear, such as like-kind status for pre-2018 exchanges.  Recent IRS enforcement activities related to cryptocurrency transactions and methods to correct cryptocurrency non-compliance will also be discussed.

Learning Objectives

Describe the tax treatment of cryptocurrency transactions per Notice 2014-21.

Describe the tax treatment of cryptocurrency transactions per Rev. Rul. 2019-24 and website FAQs.

Understand the areas of tax law with uncertain application to cryptocurrency transactions.

Understand recent IRS enforcement activities related to cryptocurrency.

Learn methods to correct cryptocurrency non-compliance.

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Penalty Abatement Strategies
Nov
14
2:00 PM14:00

Penalty Abatement Strategies

ComPASS holders are already registered for this course.

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This session will review abatement options for common penalties, including, but not limited to, the failure-to-file penalty, the failure-to-pay penalty, and accuracy-related penalties. Strategies to be covered include First Time Abate, reasonable cause, statutory exceptions, and §6751(b), a relatively new penalty abatement strategy. The intersection of statutes of limitations and penalty abatement will also be discussed.

Learning Objectives

Describe common penalties, when they are assessed, and the proper amount.

Explain when a taxpayer can use the First Time Abate procedure.

Understand what constitutes reasonable cause and how to effectively advocate when asserting reasonable cause.

Understand when §6751(b) is applicable to a penalty and how it provides penalty relief.

Explain how the refund statute of limitations can limit penalty abatement refunds or credits.

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Form 5471: Reporting Foreign Corporations
Oct
17
2:00 PM14:00

Form 5471: Reporting Foreign Corporations

ComPASS holders are already registered for this course.

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This webinar will look at basic Form 5471 preparation, common missteps and misunderstandings. The doctrine of substantial completion will be discussed, as well as how Form 5471 interacts with the new section 965 & GILTI provisions.

Learning Objectives

  • Demonstrate accurate completion of Form 5471.

  • Identify common errors in the preparation of Form 5471 and how to avoid them.

  • Understand when Form 5471 is considered substantially complete for purposes of the non-filing penalty.

  • Understand how the §965 transition tax and GILTI interact with Form 5471.

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2019-2020 Webinar Season ComPASS
May
1
to May 15

2019-2020 Webinar Season ComPASS

Sales have closed: Last day to purchase ComPASS season pass was Wednesday, May 15th

Compass Tax Educators is offering an all-access pass to its live webinar events from May 1, 2019 through April 30, 2020.  You can earn 24 CE/CPE for one annual flat rate!

Your ComPASS purchase includes:

  • Attendance at all live webinar events from May 1, 2019 through April 30, 2020.  This includes scheduled, bonus, and premium webinars.

  • Replay access for all live webinar events from May 1, 2019 through April 30, 2020.

  • On-demand access for any missed live webinar events (note: on-demand webinars currently do not provide NASBA CPE credit for CPAs).

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