CPE & Event Catalog

Actionable insights into the evolving expectations of new professionals.

The evolving landscape of client expectations in the accounting profession. Building strong and lasting client relationships through effective communication. empathy. and proactive service. Implementing efficient client onboarding and engagement processes. Leveraging technology to streamline communication. enhance collaboration. and deliver personalized service. Effectively resolving client concerns and complaints. Utilizing client feedback to continually improve your practice.

Key differences between federal reported capital gains and Washington taxable capital gains, the tax and pass-through entities, deductions, credits, tax compliance, penalties and penalty abatement, and anticipated changes at the state and local level.

Washington State statute and rules Update for 2025.

Explore effective risk management strategies to help CPAs navigate the evolving professional landscape.

Timely coverage of breaking tax legislation. A review of like-kind exchange transactions under section 1031. Guidance on the impact of recent legislation on S corporations and partnership entities. Form 1099-K reporting requirements. Thinking beyond section 163(j) - Interest Allocation Rules, Original Issue Discount, Applicable High Yield Discount Obligations, Convertible Corporate Debt Instruments, and Debt-Financed Distributions. Bonus depreciation. Section 174 Research and Experimental Expenditures. FinCEN reporting requirements. A review of the key cases, rulings, and tax law changes affecting S corporations, partnerships, limited liability companies, and limited liability partnerships.

Analysis of upcoming trends and anticipated shifts in estate planning practices. Review of legislative updates affecting estate planning strategies in 202 5and beyond. Advanced techniques for minimizing estate taxes and maximizing wealth transfer efficiency. Integration of digital assets and technology into estate planning frameworks. Consideration of unique challenges presented by blended families, same-sex marriages, and non-traditional relationships. Utilization of sophisticated tools such as trusts, family partnerships, and charitable vehicles in estate planning. Exploration of international estate planning considerations and cross-border implications. Embracing sustainable and socially responsible practices in estate planning. Strategies for philanthropy and legacy planning within the estate planning framework.

Which clients are best suited for each of the following plans: SEP-IRA's. Which clients are best suited for each of the following plans: SIMPLE IRA's, 401(k)'s, Traditional and Roth IRA's, Defined benefit plans. How will SEP Roth and SIMPLE Roth contributions work under the SECURE Act 2.0? What are the payroll tax consequences of choosing each type of plan. Which plans provide the greatest flexibility? Which plan can provide the quickest accumulation of retirement savings?

IRS goals in requiring these schedules. Detailed discussion of the domestic filing exception for the current tax year. Filing requirements and exceptions for every part of Schedules K-2 and K-3. Examples based on client situations encountered in practice.

Thorough exploration of Washington Estate Tax Law. Step-by-step guidance on preparing the Washington Estate Tax Return. Addressing diverse postmortem estate planning intricacies within the context of the Washington Estate Tax Return. Aligning with the Federal Estate Tax Return (Form 706). Coordinating with estate administration matters and analyzing probate considerations. Exploring non-probate elements and evaluating valuation complexities. Examining challenges related to joint tenancy.

How to read and complete Parts II and III for Foreign Tax Credit. Practical tips on how to tackle Parts IV and IX for corporate partners. How to correctly fill out Parts X and XIII for foreign partners. Comprehensive examples for operating. real estate rental. and investment partnerships with filled-in sample forms.

The need for better relationships, credibility, and trust. Lessons from great leaders. Steps to becoming a better leader, a trusted leader.

Timely coverage of breaking tax legislation. Applicable coverage of any basis considerations within any recent tax legislation. Passthrough basis calculations required as attachments to certain individual returns. How Schedule 179 limitations affect basis and how tax-benefit rule is applied. How to calculate basis of inherited qualified and joint tenancy property. Tax basis capital account reporting requirements. Determine how to calculate basis. Understand the effect of stock basis and debt basis and IRS's recent focus on "at-risk basis" for shareholders. Recognize how AAA applies or doesn't apply to S corporations. Discuss loss limitation rules in depth. Understand distributions of cash and property. Learn the detailed rules of Schedule 704 for preventing the shifting of tax consequences among partners or members. Learn to calculate basis under Schedule 704 and for "at-risk" under Schedule 465. Review Schedule 754 step-up in basis rules. Learn to apply the complex rules of distribution of cash vs. property, and the basis treatment of charitable contributions and foreign taxes paid.

Bonus depreciation. Section 179 de minimis deductions.

This fast-paced session is a comprehensive review of newly enacted income tax legislation, issuance of income tax regulations, court cases, IRS notices, revenue procedures and private letter rulings affecting individuals and businesses. Each participant will receive a comprehensive manual with the hottest tax topics including Pat Garverick's Quick Reference Chart. Topics include but are not limited to: Discuss the most recent individual and business income tax legislation passed to date including any TCJA provisions expiring after 2025. Walk through major tax changes to corporations, partnerships and/or individuals and any changes to the income tax forms and other related schedules. Review numerous business income tax provisions including but not limited to the 20% qualified business income (QBI) deduction; changes to NOLs, 461(l) business loss limitations, accounting method changes, depreciation, retirement plans, fringe benefits and entertainment expenses. Brush up on the individual and business income tax rates (e.g., income tax rates, capital gain tax rates, self-employment tax and alternative minimum tax (AMT), 3.8% net investment income tax), Discuss other individual income tax topics and changes to filing status, personal exemptions, itemized deductions, exclusions from income, adjustments to income and income tax credits (e.g., child tax credit and dependent care credit). Walk through changes to IRAs and the NEW final required minimum distribution (RMD) regulations. Review other important IRS audit areas such as basis and at-risk limitations for S shareholders and partners, passive activity losses and real estate professionals and self-employment taxes.

How to distinguish repairs from capital improvements. Partial disposition losses. Deducting removal costs. Depreciating property acquired in a like-kind exchange. Converting nondeductible interest expense into deductible interest expense.

Self-employment tax for rental real estate, including Airbnb's. Taxation of vacation homes including planning to increase deductions and the "Augusta rule." Section 199A for rental real estate.

Overcoming banking industry challenges. Protective strategies against financial market disruptions. Ensuring financial stability for organizational lines of credit.

Common types of real estate professionals. Like-kind strategies. Ordinary income recapture on the sale of real estate. Important considerations in allocating the sales prices of real estate in a written agreement.

Sales tax topics include taxable gross income, the use tax, exemptions, interstate and foreign sales, and special areas including construction activities and information technology. The B&O tax covers includable gross income, deductions, reimbursements, interstate apportionment, credits, and local B&O taxes. Tax administration and audits discusses Washington tax resources, registration, interest, penalties, reducing audit risk, preparing for a tax audit, and tax audit survival.