Trump Tax Returns FLEXCAST

Overview

Donald & Melania Trump’s tax returns for 2015 through 2020 were released to the public by the House Committee on Ways & Means as part of a report on the IRS Mandatory Examination program. A Joint Committee on Taxation report on the audits and Ways & Means Committee report on the mandatory examination program provide some insightful information for tax practitioners (or just inquiring minds). This course looks at the mandatory examination program, where the committees believe it should be improved, helpful information for preparers, and has just a touch of conspiracy theory to keep it interesting.

Highlights

Source Materials. IRS Presidential Audits. Audit Issues Identified. Defending the Former President - Or Your Client.

Prerequisites

None.

Designed For

CPAs and other tax professionals.

Objectives

Learn the source of the Presidential Mandatory Examination Program. Understand how the Program functioned during the Trump administration. Learn the IRS examination issues on the Trump tax returns and how to protect your clients on the same issues. Review responsibility for tax preparation charitable contributions, NOL’s, passive activities, basis and unreimbursed expenses.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.