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Hood River STW Day 3

Your Course Price: N/A
CE Credits
Advanced Preparation
Course Level
Knowledge of Federal Income Tax Law
Nina Tross MBA, EA
Course Description

Course Title Topic #1 - Elevate Your Practice Management for Success

During this course, participants will learn new and better ways to improve the efficiencies of a small tax practice, better manage clients and enhance communication, increase value added services, and address the life/work balance in today’s environment.

Course Title Topic #2 - Incorporating Cannabis Accounting and Tax Preparation into Your Firm

During this course we will cover the paradox of an illegal activity at the federal level and the ever-increasing number of states legalizing the sale of both medicinal and recreational drugs.

The session will address the official IRS position on the allowable business deductions and the filing of tax returns. From banking concerns, to IRC Section 280E (which prohibits businesses from taking tax deductions or credits related to illegal activities), to state rules and regulations, the course will explore the challenges to the tax professional with clients in this industry. Tax law will be reviewed that addresses the challenges of working in the industry and filing an accurate federal income tax return.

Learning Objectives

Topic #1

At the completion of this course, the tax professional will be better equipped to:

  • Implement various strategies to improve the efficiency of their small tax business.
  • Assist clients with value added services for older clients, representation, and security concerns.
  • Develop a marketing plan to strategize the growth of their business.
  • Identify market trends and provide appropriate services.

Topic #2

At the completion of this course the Tax Professional will be able to:

  • Identify the tax regulations that impact the specific activities of a client in this industry.
  • Prepare an accurate tax return based on the applicable Internal Revenue Code provisions and case law.
  • Understand the risks in working with a client in this industry.
  • Differentiate the tax filing for federal tax purposes and state requirements.
  • Once your registration confirmation is emailed, due to the proprietary materials and content of orders are NOT ELIGIBLE for refund, cancellation, or transfer to another NSTP course.
  • materials and presentations are intended to stimulate thought and discussion and to provide attendees useful ideas and guidance in the areas of federal taxation and administration. These materials as well as the comments of the instructors do not constitute and should not be treated as tax advice regarding the use of any tax procedure, tax planning technique, device or suggestion, or any of the tax consequences associated with them.
  • 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 device, technique, or suggestion before recommending the same to a client or implementing the same on behalf of a client, or on the attendee’s own behalf.
  • materials & presentations are fully protected under copyright law. Any attempt to copy for resale, distribution, or use other than personal use for tax preparation will be fully prosecuted of the law.
Testing Policy
  • require a test for CE. 3 attempts are allowed.
  • For AFTR courses, the test must be passed by midnight, December 31, 2024.
More Information For more information regarding refund, cancellation, and complaint policies, please contact our offices at 1(800) 367-8130.