Your Course Price: $135.00
Extension Season 2024: Addressing Open Issues, Administrative Updates, and New Legislation | Virtual , Streaming
- Course Description
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IRS Federal Tax Law Topics 1 CPE
IRS Federal Tax Law Update 2 CPE
CTEC Tax Law Topics 1 CPE & Tax Law Update 2 CPE
NASBA Taxes 3 CPE
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.
- Learning Objectives
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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.
FAQ
To receive the member price, first log into your member account. Your member discount will then be automatically applied. We can also take your registration by phone.
Your registration confirmation will be emailed to you when your payment is processed. During our busy season, this can take up to 2-3 business days after we receive your registration.
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Yes. If you have a PTIN on file with us, we will submit your hours. To insure we have your correct info, please provide your PTIN when you register for a course. Please notify us if you have recently submitted a name change request to the IRS.
Your certificate will be emailed to you within 10 business days of the completion of the course.
Administration: Streaming
Streaming Refunds
- Once your registration confirmation is emailed, due to the proprietary materials and content of Streaming orders are NOT ELIGIBLE for refund, cancellation, or transfer to another NSTP course.
- Streaming materials and Streaming 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.
- Streaming 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.
- Streaming require a test for CPE. 3 attempts are allowed.
- You have 1 (one) year from date of purchase to complete the Streaming course by taking the test.