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IRS Tax Updates with New Tools for Smarter Compliance 0.2 Credit

IRS Tax Updates with New Tools for Smarter Compliance 0.2 Credit

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Learning Objective

  • Identify methods for requesting penalty relief from the IRS.
  • Explore strategies for optimizing tax elections using the latest IRS updates.

Course Overview

The IRS has introduced several groundbreaking updates to streamline tax management and compliance. From the launch of the Business Tax Account (BTA) to the new Form 83(b) election process, these changes open the door to faster, more efficient ways for taxpayers and businesses to manage their financial responsibilities. How do these tools work, and what advantages do they offer?

This nano-learning CE course will guide you through the latest IRS services, including how the Income Verification Express Service accelerates loan approvals and how penalty abatement options provide relief for taxpayers facing unexpected fines. You’ll gain insights into the streamlined processes for accessing account transcripts, avoiding penalties, and optimizing tax elections. Join us for this practical course and unlock the full potential of these new resources.

Major topics:

  • Penalty Relief Strategies
  • 83(b) Election Advantages
  • Business Tax Account Features

For more IRS CE courses, Click here.

At this time, Nano-learning is not accepted by all state boards. If you are not sure whether your state board accepts Nano-learning, you can ask your state board or visit the NASBA registry.

Nano Credits for All Qualifications

License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 0.2 CPE Approved

Additional Information

Credits

0.2

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Instructor

Nicholas: Top-rated speaker for Latest TAX CPE/CE Webinars | myCPE
Nicholas Preusch , CPA (US)

Certified Public Accountant (CPA), Nicholas Preusch

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Nicholas has worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. Nicholas has authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure. He also co-authored a textbook, Tax Preparer Penalties and Circular 230 Enforcement, published by Thomson Reuters. Nicholas has been recognized as the Top 5 Under 35 CPAs in Virginia, and is a member of the  AICPA’s Tax Executive Committee. Nicholas is an adjunct professor at the University of Mary Washington. He is a graduate of Carthage College, University of Connecticut (M.S. in Accounting), Case Western Reserve University School of Law (J.D.), and Georgetown University (LLM in Taxation).

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Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

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To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

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