In this article, I will walk through the tax implications that result when a shareholder of an S Corporation withdraws inventory from the business for personal use. Because a withdrawal of inventory from the business by the shareholder represents a transfer of value from the business to the owner, we view this transaction as a shareholder distribution. The below analysis...Read more...
Fuller Professional Education, LLC
This Return & Cancellation Policy (hereinafter "Return Policy") governs all returns and cancellations of any products purchased by an individual, including any tax professional, CPA, attorney, law school candidate, client or any other end user ("You" or "Client") from Fuller Professional Education, LLC or any related Fuller entity (hereinafter the "Company"), unless expressly stated otherwise by the Company at the time of purchase. Refunds shall only be granted via electronic funds transfer to the credit or debit card used to make the initial purchase. No exceptions. Refund requests must comply with the rules stated below and must be sent: (i) via e-mail, from the Client's e-mail address registered on Client's profile with Company, to email@example.com with the subject line titled WITHDRAWAL AND REFUND REQUEST; OR (ii) via U.S. mail to Fuller Professional Education, LLC c/o WITHDRAWAL AND REFUND REQUEST DEPARTMENT, PO Box 254, Farmington, UT 84025. Withdrawals shall not be final, and no complete or partial refunds will be issued, until Client receives a confirmation e-mail confirming Client's withdrawal from Company. The following rules apply based on the type of product purchased.
Rules for Online Continuing Education Course Returns
Client may receive a full refund for any online course purchased so long as Client submits a withdrawal from the Online course within thirty (30) business days of the date the online course was purchased ("Refund Request Deadline") so long as Client has not completed and submitted a checkpoint quiz for continuing education credit. Thereafter no refund for an online course will be issued. Client may request a withdrawal from an online course either by email or U.S. mail, in the manner stated above, so long as the email is sent or the mail is postmarked by the Refund Request Deadline. Client may not initiate the online course or complete any continuing education checkpoint quizzes at any time prior to, or following, the confirmation of withdrawal or Client shall forfeit any refund. . If Client encounters a technological problem limiting Client’s access to any course following the Refund Request Deadline that Fuller determines cannot be adequately resolved within a reasonable amount of time, then Fuller shall issue a full refund of the course (subject to a reasonable adjustment for materials provided and not returned).
Rules for Exam Preparation Courses
For purposes of any online course, Client shall have access to said course for a period of time as specified at the time of purchase of the same. If Client fails to complete the course within that time period, then Client may request additional time, which may or may not be granted in Company's sole discretion, by sending an e-mail specifying the course and the reason for a need of additional time to firstname.lastname@example.org with the subject line titled REQUEST FOR ADDITIONAL TIME TO COMPLETE COURSE.
Rules for Live Courses
Fuller recognizes that conflicts can arise with the professionals that take its live courses. For purposes of any live courses, whether offered in person or via webcast, so long as no materials have been sent from Company to Client in advance, then Client may cancel and receive a full refund from Company at any time up until forty eight (48) hours prior to the beginning of the first hour of the live course. If materials have been sent to Client or the first hour of the live course is less than forty eight (48) hours from the time the Client requests a refund, the Client may receive a 50% refund from Company. For multiple-hour live courses or live courses over multiple days, the first hour of the live course shall be the first hour of the first course in the multiple-hour or multiple day session. Cancellations without prior notice to Company shall not be entitled to a partial or full refund, although Company may, in Company’s sole and absolute discretion, offer Client an alternative product providing for equivalent continuing education hours should Client fail to provide Company with notice of a cancellation.
Why Choose Fuller for Continuing Education?
There are several reasons why you should go with Fuller Professional Education when completing your continuing education. How about we name a few?
Thousands of customers have counted on Fuller Professional Education to deliver quality online CE.
Fuller Professional Education is hands-down the quickest way to complete your continuing education requirements. Get started in minutes!
You won't find better value for the quality CE you'll receive with Fuller Professional Education. Why waste your money elsewhere?
Our multimedia courses greatly enhance your learning while keeping you engaged. Just sit back and enjoy!
Fully Accredited Courses
Fuller Professional Education is a continuing education provider fully accredited by the Internal Revenue Service and the California Tax Education Council.
Our courses aren't just carbon copies of IRS Publications - we take you in-depth and give you a real understanding of key tax concepts in every course. We promise you'll learn something new every time.
Latest Tax Blog Posts
Wed, March 07 2018 Fri, February 16 2018
Basis is an important concept for determining how a shareholder calculates the tax implications of many different situations and events related to their ownership in an S Corporation. There are two kinds of basis that a shareholder can have in an S Corporation: stock basis and debt basis. A common question related to shareholder basis is this: does a shareholder...Read more...
Fri, March 31 2017
Many taxpayers are aware that it is possible to exclude gains earned on selling a home from their income tax return. However, a common question is how often and how many times a taxpayer can exclude such gains from their taxes? This article addresses these questions. The tax law that grants taxpayers the right to exclude gains on selling their...Read more...
Tue, March 28 2017
Both of IRS Forms 944 and 941 are used by employers to report employment taxes to the IRS. These taxes include social security tax, medicare tax, additional medicare tax and federal income tax withheld from employee paychecks when payroll is run. Form 944 is an annual report of employment taxes, while the Form 941 is a quarterly report of payroll...Read more...
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