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Accuracy related Penalties4 mins
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Authorities of IRS TAX PRACTICE & PROCEDURE INTRODUCTION26 mins
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Preparer Penalties41 mins
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Initial return Review61 mins
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Ex Parte Communications79 mins
Published: November, 2020
Starting a tax practice is like starting any small business – it requires a lot of work. Generating multiple line of services such as accounting, payroll, tax preparation, tax advisory, tax representation, and tax consulting etc. to serve wide variety of clients takes years of quality services to establish a loyal client-base.
Establishing yourself as an independent tax preparation professional is a great way to acquire financial independence, whether you're practicing full time or supplementing your income from another source. It is a unique and intricate process, with Internal Revenue Service (IRS) requirements and ever-changing laws adding to the complexity.
Whether you are planning on becoming a solo practitioner or starting a larger practice, this special webinar provides a detailed explanation of the steps you can take to start your own professional tax practice that will help ease the process for you. With the right tools, experience and an entrepreneurial drive, you can become one of the many tax return preparation businesses that help 80 million Americans file each year.
The Internal Revenue Code creates a complex set of rules that need to be followed in order to successfully help your client through any adversarial processes.
Key Highlights of the Webinar:
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.
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 through its website: www.NASBARegistry.org.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.
Certified Public Accountant (CPA), Nicholas Preusch
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).
76 Ratings
RS
Dec 24th, 2020
The class covered all the material I expected. I learned some new thing too. The instructor was very engaging & I enjoyed how he structured the class.
JK
Dec 10th, 2020
Very happy to have these webinars available on-demand. The timing of live webinars can be difficult to work around.
HF
Sep 2nd, 2021
Very good information was presented
AB
Nov 28th, 2020
The webinar was very informative.
DB
Nov 10th, 2020
great
2 Credits
Subject Area
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