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Self-Study CPE
2018 TAX UPDATE: SO MUCH MORE NEW THAN MEETS THE EYE - WHAT LURKS BENEATH?
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PAYROLL TAX TRAIN WRECK: RESOLVING YOUR CLIENT'S PAYROLL TAX NIGHTMARE!
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FEDERAL INCOME TAX CHANGES - 2018
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REDUCE EMPLOYMENT TAX EXPOSURE AND AVOID PENALTIES AND DISASTERS
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2019 TAX FILING SEASON UPDATE
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DEATH AND TAXES: ESTATE PLANNING FUNDAMENTALS FOR ACCOUNTANTS
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TAX REFORM: STRATEGIES FOR YOUR INDIVIDUAL AND SMALL BUSINESS CLIENTS
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IRS FORM 1099 REPORTING: REPORTING REQUIREMENTS
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EFFECTIVE REPRESENTATION TO ADDRESS ENFORCED COLLECTION ACTIVITY FROM THE IRS
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TAX CUTS & JOBS ACT: INDIVIDUAL TAX PREPARATION
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INTRODUCTION TO INTUIT PROSERIES: TAX SOFTWARE DEMONSTRATION
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TAX TREATMENT OF SICKNESS & INJURY PLANS
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TAX TREATMENT OF RETIREMENT PLANS, PENSIONS AND ANNUITIES
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TAX TREATMENT OF INDIVIDUAL RETIREMENT ARRANGEMENTS
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HOME OFFICE DEDUCTION
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EARNED INCOME TAX CREDIT
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EDUCATION TAX BENEFITS
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REASONABLE COMPENSATION FOR SHAREHOLDER-EMPLOYEES OF S-CORPS
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AFFORDABLE CARE ACT: INDIVIDUAL RIGHTS & RESPONSIBILITIES
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ESOPS 101: A DETAILED INTRODUCTION OF EMPLOYEE STOCK OWNERSHIP PLANS
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INDEPENDENT CONTRACTOR DILEMMA: 1099 VERSUS W-2
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1099 HEADACHES
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TAX TREATMENT OF LIFE INSURANCE PROCEEDS
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EARNED INCOME TAX CREDIT DUE DILIGENCE
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TAXES IN EMONEY: FINANCIAL PLANNING AFTER THE TAX CUTS AND JOBS ACT
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AFFORDABLE CARE ACT: EMPLOYER RIGHTS & RESPONSIBILITIES
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TAXATION OF IRAs AT DEATH
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TAX REFORM: OVERVIEW
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THE FUTURE OF IRS VOLUNTARY DISCLOSURES IN A POST-OVDP WORLD
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TAX REFORM AND PASS THROUGH ENTITIES §199A: PLANNING FOR PROFESSIONAL PRACTICE
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Self study cpe
Puerto Rico Act 20/Act 22 - The Unbelievable New Tax Strategy

PUERTO RICO ACT 20/ACT 22 – THE UNBELIEVABLE NEW TAX STRATEGY

CPE Processing Fee$10.00  Webinar TranscriptionN/A     Presentation Length Hour(s)1.0 hour  CPE1.0   1 hour for EAs (Federal Tax)   Course Id# - HURS9-T-00358-18-S  Subject AreaTaxes  Course LevelBasic  Instructional MethodQAS Self-Study   PrerequisitesNone  Advance PreparationNone  Recorded DateJan 16, 2019  Date OfferedFeb 06, 2019  Who should attend?CPA - small firm
CPA - medium firm
CPA - large firm
Enrolled Agent
Other 
Series: Enrolled Agents, Taxes    
Course Description

In this course you will learn why Puerto Rico has become the new tax home for wealthy individuals and business owners who are looking for a legal way to maintain their U.S. citizenship and still lower their tax bill. In 2012, Puerto Rico implemented ACT 20 (Export Service Act) and ACT 22 (Individual Investors Act) to help reignite their local economy. In the process they ended up giving taxpayers an amazing gift. For those businesses who qualify under ACT 20 they only pay a 4% income tax in Puerto Rico and their qualifying income is exempt under U.S. tax and for those individuals who qualify under ACT 22 they pay 0% tax in Puerto Rico and their qualifying income is exempt from U.S. tax. This strategy is not right for everyone, but it is a life changer for those clients for whom it is. 

Course Objectives:


  • Have a basic knowledge of the tax incentives available in Puerto Rico. 

  • Understand the requirements for ACT 20.

  • Understand what businesses qualify under ACT 20.

  • Understand transfer pricing and why it exists.

  • Understand the requirements for ACT 22.

  • Understand the rules regarding closer connection.

  • Understand the rules regarding physical presence.

  • Understand the rules regarding tax home. 

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Handout Materials
Presentation Slides
Additional Materials
Article
Review Questions
Review Questions
QUESTION 1: 1/1/0001 1 minutes
QUESTION 2: 1/1/0001 1 minutes
QUESTION 3: 1/1/0001 1 minutes
Frequently Asked Questions
  • CPAacademy self-study courses are online.
  • The self-study format allows you to a) access the material online 24/7 and b) study at your own pace.
  • Per NASBA guidelines, you have one year from date of purchase to complete each program.
  • Complete your final exam at any time and get graded instantly. You can retake the exam at no additional charge (unlimited attempts).
  • Print your own certificate of completion on the spot upon passing the exam.
  • Grading policies: a) courses have a minimum passing score 70% b) test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.

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Dave Hall

Etrends Group
Managing Partner
dave@etrendsgroup.com
(787) 691-0107

Etrendsorange

Dave Hall is a licensed CPA in Utah, Nevada and Puerto Rico. Dave moved to Puerto Rico in 2015 to take advantage of ACT 20 and 22. Now he travels the U.S. sharing his love for the island and helping others learn about the great benefits that come from living and doing business in this beautiful place.

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CPAacademy.org (Sponsor Id#: 111889) 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 for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

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About Our Presenter

Etrendsorange
We are a full service CPA firm that specializes in helping our clients build success.  

Our firm is made up of partners and employees from both the US and Puerto Rico, which gives us a unique advantage over many Accounting firms.