2019 July/August EA Journal Exam
To obtain 4 IRS CE, you must complete the 36 questions and view the recorded webinar.
IRS Program Number: X9QQU-T-00572-19-S
Blockchain Technology Explained
By Scott Orgera
This article provides an overview on blockchain technology and how it plays an important role in cryptocurrency mining.
Blockchain Technology and What it Means for Tax Professionals
By Peter Horadan
This article discusses how blockchain technology affects tax professionals and how to adapt your business to the new technology.
Cryptocurrency Taxation Trends: Spring Always Follows Winter
By Mike Minihan
Cryptocurrency naysayers have plenty of ammunition for letting everyone know how cold this winter has been (really cold), and how long it has lasted (really long), but remember: “Spring always follows winter.”
Crypto Tax Tech Tools to the Rescue?
By Andy Frye, EA, and Joshua Azran, CPA
This article will enhance your success in using crypto tax tools and arm your business with a new suite of services for high-value clientele.
Tax Technology APIs
By Alyssa Marchand
This article discusses how rapidly changing tax technology must keep pace with the recent year’s tax law changes, be it federal income tax, state income and franchise, or state sales and use taxes and the role of APIs.
RPA Enables Tax Pros to Focus on Planning
By Carli McClure
This article discusses how robotic process automation can pilot tax planning and identifies the value of robotic process automation for tax professionals in the ability to focus on higher-value functions.
Tax Court: Under What Conditions Will IRS Refusal of a Taxpayer Collection Alternative Constitute an Abuse of Discretion?
James Loveland, Jr., and Tina C. Loveland, Petitioners v. Commissioner of Internal Revenue, Respondent
151 T.C. No. 7
Filed September 25, 2018
By Steven R. Diamond, CPA
The Tax Court abides by the “abuse of discretion standard” when it reviews administrative determinations made by an IRS settlement officer regarding unpaid income taxes. This means that the Court makes its decision by determining whether the decision by the IRS settlement officer was arbitrary, capricious, or without sound basis in fact or law.
Payroll Corner: Mitigating Penalties for Filing Incorrect Forms W-2
By Alice Gilman, Esq.
This article reviews the second part of the year-end process for filing Forms W-2c with the Social Security Administration to correct errors and mitigate penalties for filing incorrect forms and furnishing employees with incorrect forms. To mitigate penalties, employers must have reasonable cause for their mistakes.
The Science and Taxation of Bitcoin (webinar)
By Beth Logan, EA
This webinar explains the tax issues associated with bitcoin, why it is important to understand what bitcoin is, and how cryptocurrencies work. As this is understood, most of the tax implications will become apparent. This course will provide a basic overview of cryptocurrency and blockchain, taxes on the acquisition of bitcoin, how trades and sales are taxed, and, finally, how the IRS will know.