ARLINGTON, Va., July 3, 2012 /PRNewswire-USNewswire/ -- Bloomberg BNA announces four new eLearning courses for tax and accounting practitioners. The courses enable self-paced learning for individual or staff training and provide CPE and CLE credit. Based upon the renowned Bloomberg BNA Tax Management Portfolios, these courses extend Bloomberg BNA's expert analysis to a convenient continuing education format.
Vacation and Home Office Deductions addresses the deductibility of expenses related to a taxpayer's dual use dwellings. This basic-level course looks at how the taxpayer's personal use of a vacation home affects their ability to deduct some of the expenses related to the property. It also examines the deductibility of expenses related to home offices and how to make those calculations. This course is ideally suited for practitioners with clients who have rental vacation properties or who work out of their home. It simplifies the Vacation and Home Office Deductions calculation by showing how to properly separate the expenses related to the production of income from the expenses related to the personal use of the property. Students who successfully complete this course can earn 3 credits of CPE. Three CLE are available in California. Bloomberg BNA can apply for CLE credit on behalf of students who are not residents of California.
Hobby Losses provides a basic understanding of Section 183, which prevents taxpayers from converting nondeductible personal expenses into deductible business expenses. In general, a taxpayer who engages in an activity without the required profit motive is not permitted to deduct any items related to the activity, except as permitted by Internal Revenue Code Section 183. Hobby Losses is a basic-level course designed to teach how and when it is acceptable to take deductions on losses incurred by income produced by a hobby under Section 183. This course is ideally suited for practitioners with clients who are converting a hobby into a business and new practitioners. Students who successfully complete this course can earn 2.5 credits of CPE. In California, 2.5 CLE are available. Bloomberg BNA can apply for CLE credit on behalf of students who are not residents of California.
Corporate Tax Overview, Part II is a continuation of its predecessor: Corporate Taxation Overview, Part I. Whereas Part I covered the tax consequences to both the corporation and the shareholder of certain transactions related to the formation and capitalization of a corporation, Part II of this basic-level course addresses the subchapter C rules as they relate to the reorganization, liquidation, or sale of a corporate entity. It explores the tax consequences of common transactions related to the changes in corporate structure and, when paired with Corporate Tax Overview, Part I, provides a simple and straightforward overview of the Subchapter C code provisions. These basic level-courses are most appropriate for new associates or anyone with modest exposure to corporate taxation. Students who successfully complete this course can earn 2.5 credits of CPE. In California, 2.5 CLE are available. Bloomberg BNA can apply for CLE credit on behalf of students who are not residents of California.
Equity-Based Compensation Arrangements Under section 409A will help employers gain a clear understanding of their responsibilities under Section 409A. The code section was added to the Internal Revenue Code by the American Jobs Creation Act of 2004, and serves to significantly regulate the operation and form of nonqualified deferred compensation plans. This basic-level course is very useful for compensation practitioners as it examines the situations in which Section 409A restrictions apply to stock options, SARs, restricted stock, restricted stock units and other phantom equity arrangements, along with any relevant exemptions. Students who successfully complete this course can earn 1 credit of CPE. One CLE credit is available in California. Bloomberg BNA can apply for CLE credit on behalf of students who are not residents of California.
For complete course information, visit elearning.bna.com or call 1.800.372.1033.
About Bloomberg BNA Tax & Accounting eLearning Courses
Bloomberg BNA's eLearning courses — based on the company's unparalleled collection of expert-written, in-depth Portfolios — provide access to the insights and analysis of leading tax practitioners in a fast-paced, easy-to-use format covering major tax topics, including Federal Tax, Compensation Planning, Tax Accounting, and Estate Tax. eLearning courses offer a convenient way for attorneys and accountants to stay on top of important tax developments and deepen their current knowledge while earning continuing education credits.
About Bloomberg BNA
Bloomberg BNA, a wholly owned subsidiary of Bloomberg, is a leading source of legal, regulatory, and business information for professionals. Its network of more than 2,500 reporters, correspondents, and leading practitioners delivers expert analysis, news, practice tools, and guidance — the information that matters most to professionals. Bloomberg BNA's authoritative coverage spans the full range of legal practice areas, including tax & accounting, labor & employment, intellectual property, banking & securities, employee benefits, health care, privacy & data security, human resources, and environment, health & safety.
SOURCE Bloomberg BNA