This program examines how tax professionals assess and address prior U.S. tax and information-reporting noncompliance. Topics include identifying and evaluating compliance failures, available voluntary disclosure and delinquent filing procedures, streamlined filing compliance procedures, reasonable cause, amended and delinquent returns, and considerations in selecting an appropriate path to compliance. The program also addresses practical issues in working with noncompliant taxpayers, including gathering facts, evaluating risk, explaining available options and potential consequences, managing client expectations, and communicating about sensitive compliance issues.

Introducing key tax concepts affecting rental real estate, including the taxation of rental income, deductible rental expenses, and the fundamentals of depreciation. Examining recovery periods, depreciation methods, and the distinction between repairs and capital improvements. Introducing the Qualified Business Income (QBI) deduction under IRC §199A and its potential application to rental real estate.

Examining the effective and responsible use of artificial intelligence in tax research and professional practice. Topics include the capabilities and limitations of AI, confidentiality and data security, verification of AI-generated information, professional judgment and ethical considerations, and appropriate human oversight. Includes practical demonstrations of generative and agentic AI tools for research, analysis, and common professional workflows.

Examining common employee equity incentive plans and their U.S. tax treatment, including nonqualified stock options (NQSOs), incentive stock options (ISOs), restricted stock units (RSUs), and employee stock purchase plans (ESPPs). Understanding how to identify different plan types, how each plan operates, the timing of taxation from grant through exercise, vesting, and sale, and common tax challenges and planning strategies.

Introducing entity compliance and financial reporting, including a conceptual overview of bookkeeping and the purpose and use of financial statements. Examining the balance sheet, income statement, and other key financial reports, and how they relate to business tax compliance. Introducing federal business tax reporting, including Forms 1065 and 1120.

This program applies professional ethics standards to practical dilemmas encountered by U.S. tax professionals serving international clients. Through case studies, participants consider issues involving incomplete or inconsistent client information, undisclosed foreign assets or income, prior-year errors, conflicting U.S. and foreign reporting positions, reliance on foreign accountants and advisors, client pressure, confidentiality, and determining when a practitioner may or must withdraw from an engagement.

This program examines the ethical and professional responsibilities of U.S. tax practitioners, with particular attention to international tax practice. Topics include Circular 230, due diligence, standards for tax return positions and advice, reliance on client information and other professionals, conflicts of interest, confidentiality, competence, errors and omissions, and responsibilities when dealing with the IRS. International examples illustrate how these standards apply when working across jurisdictions and coordinating with foreign tax professionals.

This program examines the federal reporting requirements applicable to U.S. taxpayers with foreign financial accounts and specified foreign financial assets. Participants will review the reporting requirements, filing thresholds, definitions, and practical preparation of FinCEN Form 114 (FBAR) and Form 8938, Statement of Specified Foreign Financial Assets. The program emphasizes identifying reportable accounts and assets, determining filing obligations, applying valuation and reporting rules, and recognizing common compliance issues encountered during tax preparation. Participants will also receive a brief overview of Forms 3520 and 8621 to recognize situations requiring additional reporting or specialist consultation. Instruction includes lecture, discussion, practical examples, and case studies designed to strengthen technical knowledge and improve accurate federal information reporting compliance.

Understanding federal tax filing and payment procedures, including electronic and paper filing, tax refunds, filing and payment deadlines, and methods of payment. Examining common penalties and interest, reasonable cause relief, and statutes of limitations for tax assessment, collection, and refund claims.

Understanding Form 5471 filing requirements for U.S. persons with interests in certain foreign corporations. Examining filer categories, ownership and control thresholds, applicable filing requirements, and the information needed to prepare the form. Introducing the structure and preparation of Form 5471 and its required schedules.

Determining whether an individual is a U.S. resident, nonresident alien, or dual-status taxpayer for federal tax purposes. Examining taxpayer identification numbers, including ITIN eligibility, the application process, and Acceptance Agents; filing status rules for nonresident aliens; and key residency and joint-return elections available to resident and nonresident aliens under IRC §§ 7701(b)(4), 6013(g), and 6013(h).

Examining the foundations of U.S. individual income taxation, including determining filing status and identifying qualifying dependents. Calculating taxable income through AGI and MAGI, above- and below-the-line deductions, the standard and itemized deductions, and applicable exclusions. Understanding common tax credits, filing thresholds, and the progressive federal income tax bracket structure.

Examining common U.S. entity types, including sole proprietorships, qualified joint ventures, LLCs and single-member LLCs, partnerships, C corporations, S corporations, trusts, estates, and tax-exempt entities. Understanding what constitutes income for U.S. tax purposes, distinguishing income from non-income transactions, and classifying income as ordinary, general, or passive. Introduction to informational reporting requirements for transactions that do not constitute taxable income.

Introducing the U.S. federal tax system and the framework for understanding U.S. tax law. Topics include the history and purposes of taxation, sources of federal tax law, how tax laws are enacted and interpreted, and the roles of Congress, the Treasury Department, and the IRS. Examining the administration and enforcement of federal tax law, the structure of the IRS, and an introduction to U.S. tax rates and the federal tax compliance system.

Introducing key tax concepts affecting rental real estate, including the taxation of rental income, deductible rental expenses, and the fundamentals of depreciation. Examining recovery periods, depreciation methods, and the distinction between repairs and capital improvements. Introducing the Qualified Business Income (QBI) deduction under IRC §199A and its potential application to rental real estate.

Examining advanced U.S. tax issues involving rental and other real estate, including rental income of nonresident owners, depreciation recovery periods and methods, and passive activity loss rules. Applying the QBI deduction under IRC §199A to rental activities and examining the sale of a principal residence under IRC §121, depreciation recapture, and other real estate transactions.

This program examines how U.S. tax professionals use income tax treaties in practice, with a focus on the US-Israel Income Tax Treaty. Participants learn how to read treaty provisions critically, identify relevant definitions, exceptions, saving clauses, and limitations, and determine how treaty provisions interact with the Internal Revenue Code and domestic tax law. Topics include treaty residency, common income provisions, relief from double taxation, treaty-based return positions, and when and how to disclose a treaty position on Form 8833. Practical examples illustrate how to research and apply treaty provisions rather than relying solely on summaries or general assumptions.

Examining common sources of income and additional tax considerations for U.S. persons, including wages and salaries, interest, dividends, capital gains, and self-employment income. Reviewing filing status, standard and itemized deductions, other deductions, tax credits, tax payments, and common penalties affecting individual taxpayers.

Determining who is subject to U.S. taxation based on citizenship and residency status. Examining U.S. tax residency rules for individuals, including the substantial presence test and its major exceptions. Introducing the taxation of nonresident aliens, including the distinction between effectively connected income (ECI) and fixed, determinable, annual, or periodical (FDAP) income, and exploring how state residency rules may differ from federal tax residency.