Course Description:

This comprehensive IRS-approved tax topic course is designed based on feedback from tax professionals like you. You told us that you want to know more about these tax topics, and now we have Doug Stives, CPA, MBA, who will dive into key areas where confusion often arises. His expertise will help you tackle these topics clearly and confidently.

Key Topics Covered:

• Real Estate Taxation: Learn which entity is best for real estate investments and how to account for buying, cost segregation, improvements, depreciation, and selling. We will also cover loss limitations and the use of Qualified Business Income (QBI) deductions to maximize tax savings.
• Estate & Gift Planning Basics: A little knowledge can go a long way. We’ll cover the essentials of estate and gift planning to help you better advise clients and avoid common mistakes.
• Annuities: Gain a clear understanding of these often misunderstood investments. We’ll guide you through the proper reporting of income from annuities and discuss the most common reporting errors.
• The Kiddie Tax: Avoid common mistakes with this tricky area of tax law. We’ll explain how the Kiddie Tax works and what to watch out for when filing returns for clients with dependent children.
• Entity Selection for Small Businesses: What’s the best structure for your clients’ small businesses? Learn about different entities and which provides the most tax benefits.
• Medical Expenses & Insurance Deductions: Get the most tax benefits for your clients by learning how to maximize medical expenses and health insurance deductions.
• Business Startup and Organization Expenses: Understand how to properly report startup costs and organizational expenses for new businesses, ensuring your clients don’t miss out on key deductions.

This course counts for 2 Hours of Federal Tax Law for IRS Continuing Education. 

About the Presenter:

Doug Stives is considered a worldwide leader in public and management accounting by AICPA &CIMA. He is a CPA, MBA, and recently retired professor of Accounting at Monmouth University and a professional speaker at many organizations and conferences. Doug was honored as Monmouth's Outstanding Business Professor of the Year in 2009, 2016, and 2024 and was awarded an Outstanding Educator award in 2021 by the New Jersey Society of CPAs. Frequent media exposure includes The Wall Street Journal and other national publications and television, including CNN, CNBC, PBS, NBC, Fox, CBS, ABC, and several cable networks. Doug was once dubbed as the "Most Tax Efficient Man in America" by the Wall Street Journal.