Cybersecurity Best Practices for 2025

Posted on by Julie Brown
Cybersecurity Best Practices for 2025 As a tax professional, you’re legally required to safeguard taxpayer data — and the stakes are higher than ever. Join us for this exclusive webinar, Jared Ballew (VP of Government Relations, TaxAct) will walk you through: - Your obligations under the FTC Safeguards Rule How to create and maintain a Written Information Security Plan (WISP) Practical safeguards every tax pro must implement What to do if a data breach occurs Click  here to access the webinar replay and presentation. Disclaimers: By clicking ‘submit’ you agree to TaxAct...
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Form 4797, Tax Planning, Sales Allocation, and More

Posted on by Julie Brown
Form 4797, Tax Planning, Sales Allocation, and More Simply put, IRS Form 4797 is the form used specifically for reporting the gains or losses resulting from the sale or exchange of business and income producing property used in a trade or business. However, this Form 4797 often generates a countless amount of uncertainty and anxiety. This course will assist tax pros in determining whether a transaction is a capital gain or ordinary income and what tax consequences are associated with each. Furthermore, it will clarify what parts of Form 4797 need to be completed and their holding periods. All...
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Rental Real Estate: Gig Economy & Advanced Tax Issues

Posted on by Julie Brown
Rental Real Estate: Gig Economy & Advanced Tax Issues Reporting rental real estate for tax; short- term rentals, allocating expenses among co-owners, applying active participation rules, mixed- use properties, vacation rentals, commercial rentals, interest deduction criteria including interest tracing rules, real estate professional qualifications, home office, travel expenses and more. Review rental loss limitations; Basis, At Risk, Passive Activity, and the Business Interest Limitation. We'll also discuss material participation, grouping elections, depreciation and repair regs, QBI 162(...
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Divorce and the Various Tax Implications

Posted on by Julie Brown
Divorce and the Various Tax Implications What happens when your clients divorce? Divorce is an emotional occurrence for all involved. What is the significance of the tax professional assisting clients through this difficult time? This course will explain the importance of working with and advising our clients on tax related divorce issues. We will discuss filing status, name change, joint & separate responsibility & liability. We will explore dependents and associated tax credits. Analyze retirement plans, alimony, child support, property settlements, allocating estimated payments, NO...
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Working Families Tax Cut Act: Insights and Support for Tax Pros

Posted on by Julie Brown
Working Families Tax Cut Act: Insights and Support for Tax Pros This session breaks down the Working Families Tax Cut Act and its impact on today’s tax professionals and their clients. With guidance and regulations constantly evolving, staying up to date is essential. We’ll highlight key provisions, how they may affect your workflow, and the tools available to help you stay compliant. Get practical tips to navigate changes and better support your clients. Click  here to access the webinar replay and presentation. Disclaimers: By clicking ‘submit’ you agree to TaxAct’s Privacy Policy ...
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Disaster Relief and Casualty Losses: What Tax Professionals Need to Know

Posted on by Julie Brown
Disaster Relief and Casualty Losses: What Tax Professionals Need to Know Disasters can leave taxpayers financially and emotionally devastated—but they also trigger important tax relief options. Join us for a comprehensive webinar exploring how to guide clients through disaster-related tax issues, including casualty loss deductions, administrative relief, and safe harbor methods. We’ll cover how to use Form 4684, review recent changes under the OBBBA, and demonstrate relevant TaxAct tools. Real-world examples and IRS/FEMA guidance will help you confidently support clients affected by federally...
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Prep Like a Pro

Posted on by Julie Brown
Prep Like a Pro: Boost Productivity in TaxAct Professional Learn time-saving tips, shortcuts, and hidden features to help you work faster and deliver more accurate returns. Perfect for newer TaxAct Pro users who want to maximize efficiency this tax season. Click  here to access the webinar replay and presentation. Disclaimers: By clicking ‘submit’ you agree to TaxAct’s Privacy Policy and Terms of Service. Contact information may be used for marketing communications by TaxAct Professional. Opinions expressed by Jane Ryder are solely her own and do not necessarily express the views ...
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EIC Eligibility and Due Diligence

Posted on by Julie Brown
EIC Eligibility and Due Diligence The earned income tax credit (EIC) is a refundable tax credit that provides a tax break to taxpayers with low to moderate income. Tax professionals who prepare returns claiming the earned income tax credit (EIC) must comply with the IRS’s strict due diligence requirements for each return filed and understand the rules used to determine eligibility for the credit. Failing to comply with the due diligence requirement or filing a return that erroneously claims the EIC can lead to the preparer facing a penalty of $600 (2024) for each failure. This session provide...
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Topic 2025 New Federal Tax Legislation Update

Posted on by Julie Brown
2025 New Federal Tax Legislation Update This course reviews any new federal tax law changes which impact 2025 tax law plus any retroactive changes to 2024 tax law. We'll also cover the latest information on TCJA and any pending changes we may expect later this year. Receive up-to-date information on IRS's EITC focus, changes to the Child Tax Credit, Schedule A SALT limitation, and more. We’ll review any changes to energy credits and vehicle credits. Plus the challenges of basis compliance for our partner and S corp shareholder Schedule K-1, Form 1040 clients. What’s Included: Video re...
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Save the Date: 2025 Conference & Event Season

Posted on by Julie Brown
Save the Date: 2025 Conference and Event Season With Tax Day behind us, it’s time for tax professionals to refocus — from filing season to extension season, and from wrapping up TY24 to getting ahead for TY25. This time of year is all about growth. Whether you're staying current on the latest tax law changes, learning new strategies, or sharpening your workflow, now’s the perfect moment to plan your learning calendar. To make things easier, we’ve compiled a full list of in-person conferences we’ll be attending and virtual events we’re hosting throughout the 2025 event season. From webinars ...
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Secure Acts 1.0 / 2.0

Posted on by Julie Brown
Secure Acts 1.0 / 2.0 On July 19, the IRS released final regulations on post-SECURE 1.0 Act required minimum distribution (RMD) rules. These final regulations have significant impact, both for taxpayers who inherit retirement accounts and those who own them. Join Michael as he provides the participants with an overview of these final regulations and examples that will help clarify the understanding of these complex rules. SECURE 2.0 Act provides the surviving spouse with special elections that treat the surviving spouse as a plan participant for all RMD purposes. The IRS issues proposed re...
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Helping Taxpayers Resolve IRS Debt with Support from Community Tax

Posted on by Julie Brown
Tax debt can result in significant consequences for your clients, including wage garnishments, tax liens, or levies. Swift action, paired with expert guidance, is essential to help them regain control of their financial situation. Strategies for Resolving Tax Debts Include:·      Offer in Compromise (OIC):This program allows eligible taxpayers to settle their tax debt for less than the full amount owed. TaxAct Professional includes tools to help you assess eligibility, while Community Tax’s experienced team of tax negotiators can step in for complex cases requiring additional expertise.·...
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Simplify Payment Processing with Integrated Payments Powered by Drake Pay

Posted on by Julie Brown
Simplify Payment Processing with Integrated Payments Powered by Drake Pay Discover how integrated payments can transform your payment workflows in TaxAct Professional. From manual card entry to invoicing, this modern payment solution streamlines the process, improves accuracy, and enhances efficiency. Powered by Drake Pay, the service allows you to accept credit, debit, and contactless payments seamlessly, giving your business the freedom to focus on what matters most—your clients. What’s Included: Video recording from January webinar PowerPoint used by presenter. Additional Too...
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2025 Preview: Confidently Navigating IRS Notices to Protect Your Clients

Posted on by Julie Brown
2025 Preview: Confidently Navigating IRS Notices to Protect Your Clients Community Tax celebrates its 15th anniversary of operations in 2025 – and we know that our clients’ overwhelming response to a notice of outstanding tax debt is to do absolutely nothing. It’s only once the notices threaten seizure and levy that taxpayers start to react. And when they do – timing is of the essence. With the IRS stepping up enforcement in the coming year, many of you will be asked between now and April 15 to take quick action to: Prevent wage garnishment; Prevent liens on the family home; Kee...
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