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Free cpe webinars
Untapped Market: Maximizing Education Tax Credits with Scholarships & Grants

UNTAPPED MARKET: MAXIMIZING EDUCATION TAX CREDITS WITH SCHOLARSHIPS & GRANTS

Cost Free
CPE Credits 1.0 hour
Subject Area 1.0 - Taxes
CE Credits 0.0 hours
Course Level Basic
Instructional Method Group Internet Based
Prerequisites None
Advanced Preparation None
Series: Taxes
Course Description

In 2014, the IRS announced that at least 9 million families failed to claim the maximum education-related tax credits every year. Since then, very little has been done to help these recent college students and their parents claim the tax refund money they missed.

It appears that about 20 million Americans would benefit from amending one or two old tax returns to claim an average of more than $1,300 per year. Popular tax software programs often fail to calculate the maximum education credit accurately. Many CPAs are unfamiliar with the challenges and complicated regulations surrounding scholarships, grants, tuition, and education credits. College students and their families rarely hire CPAs, and they don't realize that the "free" tax software they are using is costing them thousands of dollars in missed tax credits.

There is an untapped market in this time of financial insecurity -- or a wide-open opportunity -- for CPAs to step up and help college students and their families claim valuable education tax credits.

Learning Objectives: 


  • Identify the standard, less beneficial way that scholarships and grants are typically reported on tax returns

  • Recall the statutory and legal support for claiming education credits even when tuition is paid with scholarships or grants

  • Identify how to report scholarships and grants to claim education credits legally

  • Determine the maximum education credit when scholarships and grants are involved

  • Identify the pitfalls, mistakes, and traps for the wary when computing education tax credits

  • Determine how to win the battle if the IRS denies the credit or audits the tax return

  • List ways to attract new permanent clients from an untapped market of up-and-coming students and their families

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College%20tax%20refunds

Steve Hunt CPA is the owner of College Tax Refunds LLC, where they help recent college students and their parents claim thousands of dollars that they don't even realize they missed on old tax returns. CollegeTaxRefunds.com focuses entirely on amending old tax returns to claim missed tax credits, and they provide a free online calculator for students and parents to check their old tax returns. They have helped more than 2,081 clients claim over $2,751,000  in tax refunds that were missed when the clients used "free" tax software, family accountants, and other CPAs. Steve Hunt taught Tax and Accounting for six years at Brigham Young University - Idaho and Montana State University. He has been a CPA and a member of the AICPA for 14 years. 

Frequently Asked Questions
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  • To receive CPE for multiple attendees, at least one person must sign up for the webinar. The post-webinar email contains a link to instructions for the proctor letter. Alternatively, you may log in to your account following the webinar and click on the MY ACCOUNT button to find a link to instructions. For paid courses, payment needs to be made for each attendee before credit will be issued.
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NASBA Approved

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.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

About Our Presenter

College%20tax%20refunds
College Tax Refunds specializes in helping college students get back the money they missed by amending any of the past three years of tax returns. The free Refund Calculator shows you if the IRS still owes you money on old tax returns. College Tax Refunds will amend your tax returns and help you get back the money you missed the first time.