Income Tax Update Course

  • Credits: 16 CPE hours
2 Ethics hours
3 Federal Tax Law hours
11 Federal Tax hours
  • Cost: $315
  • Format: Online self-study course
  • Questions? Contact us.
  • Phone: 612-624-4000
  • E-mail:

Can’t attend an Income Tax workshop in person? This course is a convenient way to earn your CPE credits at your own pace, right from your home. You'll have access to 16 hours of presentations taught by knowledgeable tax instructors from all over the US. The online format allows you to learn when it’s convenient for you. Covering topics from Individual Taxpayer and Business Issues to New Legislation and the Affordable Care Act, this course will provide all of the important information needed for the upcoming filing season. In addition to the online resources, you will receive all the course materials including the 2016 National Income Tax Workbook, a bonus CD with past workbooks, and a certificate from an IRS-Approved Continuing Education Provider for credit upon completing the course.

Who should attend?

  • Tax Return Preparers
  • CPAs
  • Enrolled Agents
  • Tax law professionals
  • Others who have a need for continuing education in taxes or tax ethics

Learning Objectives

After completing this course, participants will be able to:

  • Advise clients about the tax laws that were changes late in 2015 and in 2016

  • Identify various terms associated with the Domestic Production Activities Deduction (DPAD) 

  • Understand how the use of multiple entities can increase the section 179 deduction and reduce self-employment tax 

  • Determine the appropriateness of various penalties and utilize the appeals process when necessary 

  • Recognize when A-B trusts and A-B-C trusts provide a tax benefit, and when those trusts cause additional tax 

  • Explain an employer’s responsibilities and an individual’s responsibilities under the Affordable Care Act 

  • Advise clients about the fringe benefit rules applicable to S corporations and their shareholders 

  • Characterize expenditures on rental property as repairs or improvements 

  • Explain and follow the due diligence requirements for claiming the earned income tax credit, the child tax credit, and the American opportunity tax credit 

  • Calculate the tax on regular distributions from retirement plans Understand installment sales to a related party and what happens upon a subsequent disposition of property

Topics covered in the 2016 workbook

View a detailed list of topics from the 2016 National Income Tax Workbook.

This course qualifies for:

  • 2 Ethics hours (IRS identification)
  • 3 Federal Tax Law hours (IRS identification)
  • 11 Other Federal Tax hours (IRS identification)

For participants who complete the course with a score of 70 percent or higher and have a PTIN, continuing education hours will be reported to the IRS.