Click to DOWNLOAD Spring/Summer Brochure REGISTER FOR CLASSES  COURSES BY DATE CLASSES BY LOCATION   Costa Mesa   Culver City   Pasadena   San Diego   Woodland Hills COURSES BY CATEGORY   Accounting &    Auditing   Ethics (Monthly)   Fraud (Monthly)   Special Knowledge   Tax VENUE DIRECTIONS   Costa Mesa   Culver City   Pasadena   San Diego   Woodland Hills                               Tax & Financial Issues Related To Disasters Dates & Locations 10/21/09 Woodland Hills 12/3/09 Culver City Classes meet 9:00am-5:00pm taught by John Trapani Only $240! Lunch is included with 8-hour classes 8 CPE Hours/Overview No Prerequisites No Advance Preparation Intermediate (NASBA: TX, AC) Earthquakes, fires, floods, mudslides and more. Californians are faced with the possibility of multiple disasters each year. Opportunities abound to provide assistance to clients involving hundreds of thousands of dollars that must be protected. The governor says we now have a year-round fire season. Cal Tech seismic scientists expect a major earthquake "soon." California CPA's must be prepared to assist their clients in times of stress, before and after the disaster strikes. Your clients' major assets are at risk, insurance may not be adequate. This course will prepare the CPA for the gamut of issues that arise in a disaster as well as individual losses and condemnations. Critical filing dates Reinvestment periods Extensions Realization vs. Recognition Qualified replacement property Exclusions Deductions and limitations Insurance basics and more … Become familiar with important buzz words and jargon to properly understand and comply with tax reporting. When do these terms apply under IRC Section 1033? "Similar or related in service or use" "Like kind and quality," or just "like kind" "Tangible property of a type held for productive use in a trade or business" The class covers the fine points of IRC Section 165 (Casualties) IRC Section 1033 (Involuntary Conversions) The emphasis is on disaster issues as well as interrelated areas including IRC Sections: 121 (Sale of Personal Residence) 123 (Additional Living Expense), & 139 (Grants) The seminar will also cover other IRC Sections that can have an effect on the process of complying with the above sections. These include the areas of appraisals and defining cost basis for converted and replacement properties. Additional areas covered include: Property taxes; valuation reductions, "Prop 50" and "Prop 60" basis transfers as well as IRC section 104 (recoveries for personal injury, legal fees paid and other torts). Discussing difficult tax issues with clients who are in emotional distress will be covered from the point of view of someone who has had numerous meetings with individuals who have experienced a disaster. Information you take from this course will develop your skills to assist your clients when they experience a casualty, involuntary conversion or disaster. This intermediate level course takes an in-depth approach, beyond the basics. Click course name below for information on other FER courses. A&A For The General Practitioner Accounting For Non-Profits An Introduction To International Taxation Bankruptcy And Discharging Taxes: What Every CPA Needs To Know Business Writing for CPAs Casualties & Involuntary Conversions: Disaster Gains & Losses Compilation & Review Engagements Under The New Peer Review Requirements Death and Taxes 1: Form 1041 Tax Preparation Workshop Death and Taxes 2: A/B Trust-Funding Workshop Death and Taxes 3: Estate Tax Form 706 Workshop Developing Forensic Accounting For Practice Expansion And Revenue Production Ethics Education Ethics Regulatory Review Fed Up With Fraud Financial Meltdown: Fraud, Greed Or Stupidity GAAP & GAAS Update Hot A & A Topics Other Comprehensive Basis Of Accounting: Cash and Income Tax Basis Reporting (OCBOA) Net Operating Loss (NOL) Rules: Save Taxes & Improve Cash Flow Partnerships, S Corps, C Corps & LLCs: Tax Aspects Real Estate Reporting Done Right Road Map To Fraud Prevention SSARS Update Tips, Traps & Tactics On Communication & Negotiaton Skills for CPAs Understanding & Planning For 1031 Tax-Deferred Like-Kind Exchanges Unmasking and Outsmarting the Culprits Defrauding a Business Financial Education Resources is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have final authority on the acceptance of individual courses of CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Ave. North, Ste. 700, Nashville, TN 37219-2417 or by visiting the website www.nasba.org. CONTACT INFORMATION: For more information regarding refund, complaint and/or program cancellation policies, please contact our offices at 310.202.1669. © 2010 F.E.R. All rights reserved.