Tax Professionals’ Guide: Mastering Form 4797 Challenges 2 Credits
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Dec 03, 03:00 PM
ET
The intricacies of Form 4797, often overlooked, are a crucial part of your role as a tax professional, especially when it comes to accurately reporting on business asset sales.
This CE Course will analyze the nuances of the form and its specific applications. Throughout the course, we will systematically dissect the form, highlighting common pitfalls and best practices.
Focusing primarily on the sale of business assets, Form 4797 includes various aspects that may confuse even seasoned professionals. Beyond the essential reporting, we will discuss the peculiarities of preferred stock, mark-to-market traders, Section 1244 stock, and small business investment company stock. These unique elements can significantly impact how gains and losses are reported, making it imperative to explore them thoroughly. By analyzing these aspects, attendees will understand the form's application comprehensively.
Key topics covered:
Join this CPE course, it is not just about learning but also about empowerment. It aims to equip you with the skills necessary to navigate the complexities of Form 4797 confidently. Through interactive discussions and practical examples, you will gain actionable insights that can be applied immediately.
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Credits
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Pre-requisites
Advance Preparation
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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.
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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To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.
After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.
We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.
SM
Very good webinar overall, especially appreciated the explanations and review of the topic conducted by the presenter. The only drawback was the handwritten notes and numbers were hard to read at times!
AS
I loved the visual aids with this presentation! form 4797 can be confusing at times, but the visuals helped identify the steps we need to take and what to look out for.
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