​​​​​​​​​Massachusetts/Rhode Island​​ Chapter Education

Fall Seminar and Annual Chapter Meeting

AJ Reynolds, EA will present the following education:

• Ethics:
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  "Ethics knows the difference between what you have a right to do and what is RIGHT to do." - Associate Justice of the Supreme Court of the United States, Potter Stewart Why Authority matters: Circular 230 Considerations, such as diligence regarding accuracy, standards with respect to tax returns, requirements for written advice, competence, and taking unreasonable positions or willful and reckless conduct.
• Rental Properties, with Deep Dive into Short-term Rentals:
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  In addition to having rental properties or renting vacation homes, more and more taxpayers are renting their homes through VRBO, Airbnb and other online platforms. In this session you learn which form to properly report rentals on, either Schedule E (Form 1040), Supplemental Income and Loss, Page 1, or Schedule C (Form 1040), Profit or Loss from Business. Furthermore, you'll learn proper depreciation methods, converting Personal Residence to a rental and renting torelated parties. Finally, we will explore Short-term rentals and related tax consequences. Join us for this must attend session to assist you in handling unique situations of rental properties.
• 2024 Individual & Business Tax Update:
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  Our profession continues to be challenged and tax changes never rest, nor should tax professionals. Join us for this fast-paced, must-attend two-hour overview where you will receive the latest information and guidance that has transpired while we ​were conquering tax season, recovering, and trying to find free time for ourselves. Seasoned veterans and new tax professionals will discover that this course will offer guidance and provide balance needed for your office. We will discuss multiple topics affecting your practice encompassing both your individual and business clients.
• Don't Flip out, Tax Implications of House Flipping:
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  You have seen house flipping shows on television, if not, you have probably heard of people flipping homes for a profit. But what you have not seen discussed on these TV shows or at the local coffee shop, is what are the tax implication of Flipping a dwelling. In general, flipping is a type of real estate investment strategy in which an investor purchases a property at a low price not to use, but with the intention of quickly selling it for a profit. Where do the transactions go? Will it be Schedule C, Schedule E, Schedule B, Form 8949 and Schedule D, or a combination of these forms? Will expenses and or renovations be capitalized or expensed in the current year? What was your client's intent upon purchasing the property? Is your client an investor or dealer? Can you utilize IRC Section 1031, Likekind exchange, related to the flipped home?

Register Now!

Date & Time:

October 29, 2024
Attendee Check-In: 7:00 a.m. ET
Education: 8:00 a.m. - 5:00 p.m.
Annual Meeting: 11:50 a.m. - 12:30 p.m.

Location:

Bally's Twin River Lincoln
100 Twin River Rd
Lincoln, RI 02865
401-723-3200

Fees:

Print materials and meals are included with registration fees.

Cancellation Policy:

Cancellations must be submitted to NATP by October 22, 2024, and are subject to a $15 fee.

All tax preparers are responsible to verify the number of credits they receive each year and the related state or federal reporting requirements to maintain their credentials.

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