Extension Season 2024: Addressing Open Issues, Administrative Updates, and New Legislation

Register
Member Price:
$105
Non-Member Price:
$135
Your Course Price: 135.00
CE Credits
3
Advanced Preparation
None
Course Level
Intermediate
Prerequisite
Knowledge of Federal Income Tax Law
Course Instructor
Tanya Baber CTRS, NTPI Fellow, EA
Date
Tuesday, December 3, 2024
Time
10:00am - 12:30pm PT
11:00am - 01:30pm MT
12:00pm - 02:30pm CT
01:00pm - 03:30pm ET
IRS CE
3
NASBA CPE
3
CTEC Credits
3
Course image default
Schedule
  • 10:00 am - 12:30 pm  Pacific Time Zone
  • 11:00 am - 1:30 pm  Mountain Time Zone
  • 12:00 pm - 2:30 pm  Central Time Zone
  • 1:00 pm - 3:30 pm  Eastern Time Zone

Important: Your webinar access link will come from webinar.host@bigmarker.com.

This course introduces Tax Professionals to the issues which continue to exist during the 2024 Extension Season. The session will review continuing provisions which need to be addressed in order to complete returns resulting from administrative processing issues inside the IRS as well as the complications experienced as a reality of the enactment of the Inflation Reduction Act of 2022. The specific areas will include the following:

  • §30D New Clean Vehicle Credit and IRS Form 8936 Clean Vehicle Credits.
  • Proper determination of a qualified vehicle and the preparation of Schedule A of Form 8936 Clean Vehicle Credit Amount will be discussed.
  • Proper understanding of the 5 parts of Form 8936 and Schedule A of the Form 8936 which will address:
  • Modified adjusted gross income amounts for the current and prior tax years.
  • Credit for Business/ Investment use part of the new clean vehicles.
  • Credit for Personal use part of new clean vehicles.
  • §25E Credit for Previously Owned Clean Vehicles.
  • §45W Credit for Qualified Commercial Clean Vehicles.
  • §30D planning for 2024 and beyond for the transfer of the New Clean Vehicle Credit by the buyer to the dealer.
  • §25E planning for 2024 and beyond for the transfer of the Previously Owned Clean Vehicle Credit by the buyer to the dealer
  • Review of the instructions of the Form 8936 and Schedule A Form 8936 to properly implement the provisions of the Internal Revenue Code.

At the conclusion of the session, the participants will have an improved knowledge of the specific provisions pertaining to:

  • §30D New Clean Vehicle Credits,
  • §25E Previously Owned Clean Vehicle Credits,
  • §45W Qualified Commercial Clean Vehicle Credits,
  • Properly preparing IRS Form 8936 and Schedule A to Form 8936.

The Tax Professional will be better equipped to advise their clients about the election to transfer the §30D and §25E credits to the dealer as well as the amount available and issues dealing with repayment for the advanced credits by the buyer on their filed Form 1040.

Disclaimer:

Webinars are interactive audio-visual presentation courses led by an NSTP Instructor. These courses include a pre-recorded session and may also include PowerPoints slides, a PDF textbook or both. 

Although the NSTP has made every effort to ensure the accuracy of the materials and the seminar presentation, neither the author,the presenter nor the National Society of Tax Professionals assumes any responsibility for any individual's reliance on the written or oral information presented during the presentation. Each attendee should verify independently all statements made in the materials and during the seminar presentation before applying them to a particular fact pattern and should determine independently the tax and other consequences of using any particular device, technique or suggestion before recommending the same to a client or implementing the same on a client's or on his or her own behalf.

Administration Policies: 

Webinar Registration 

  • A $25 administrative fee will be charged for any course changes.
  • It is essential for each participant in the webinar to register using their own name and email address; logging in with a different email may result in no CE credits being reported.
  • Once registrations are finalized, a webinar link will be sent to the registrant's email address via BigMarker. Don't see your link? Check your spam and junk folders before contacting NSTP. 
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Webinars use a popup tool to monitor attendance. According to NASBA guidelines, you need to respond to at least three popups per hour to qualify for continuing education (CE) credits. We have included several additional pop ups throughout the course to ensure that all participants have the opportunity to earn the full CE credits. CE credits cannot be earned by participating in the webinar via phone only.

Cancellation

NSTP reserves the right to cancel any program or course for circumstances that are not under direct control of NSTP. If a course or program is canceled, participants will be refunded 100% of their registration fee.

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For more information regarding refund, cancellation and complaint policies, please contact our office at 800-367-8130.

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Contact Info

  •   8513 NE Hazel Dell Ave Suite 204
            Vancouver, WA 98665
  •   1 (800) 367-8130
  •   (360) 695-8309
  •   (360) 695-7115
  •   taxes@nstp.org

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