National Conference Sessions

​​​​​National Conference Sessions


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This event has ended.

Below, you’ll find information about the courses that were offered at the 2017 Conference.

Even if you didn’t attend this year’s Conference, you can still get online access with online recordings through PlayBack Now. MP4 video sessions include the presenter’s PowerPoint with synced audio for a virtual re-creation of each presentation.

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Basic

Intermediate

Advanced

Update/Ethics

All Sessions

Advanced Statute of Limitations

Due to the statutes of limitations, taxpayers can only take certain actions within a limited time frame. These rules limit federal and state tax authorities as well. These actions may involve tax assessments, the processing of refunds, applying various tax credits or the collection of tax. As a tax preparer, you can help your clients who may have returns to amend or who have tax issues in their past know when they must file certain documents. In this session, we guide you through each statute of limitations applicable to tax law and the provisions of them with respect to tax law matters.

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Objectives
  • Identify the statutes of limitations applicable to tax law and administrative matters.
  • List the provisions of tax law applicable to each separate and identifiable statute of limitations.
  • Document the different provisions of each type of statute of limitations with respect to tax law matters.
  • Determine the legal ramifications regarding application of the various statutes of limitations.
  • Document established guidelines and procedures concerning defense and application of the statute of limitations.
  • Distinguish differences between civil and criminal statute issues.
  • List recent court rulings and case law provisions related to application of the statute of limitations by both the taxpayer and the government.
Other Details

Level: Advanced
Instructor: LG Brooks, EA
Prerequisites: Practical knowledge of federal taxation
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes

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All on the Line – Military Tax Issues

This session is designed to help you answer tax questions for those who serve to protect our freedom. Are you handling your military client tax returns properly? There are some special privileges awarded for the personal and financial sacrifices military service demands. This course highlights the special tax issues of military members in the reserves, on active duty, those who are disabled and retired veterans and their military spouses. We cover taxable and nontaxable income, deductions, special deadlines, taxation of spouses, and legal residence concerns.

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Objectives
  • Summarize the various provisions of the Military Family Tax Relief Act.
  • Identify tax deductions available to military filers.
  • Differentiate between taxable and nontaxable income for military service
  • Calculate various credits, taking into account special rules for military pay.
  • Analyze veterans benefits for taxability or exclusions based upon disability.
  • Assess whether a signing bonus is combat-related and nontaxable or taxable.
  • Determine filing due dates as they apply to service men and women.
Other Details

Level: Basic
Instructor: Cheryl Morse, EA
Prerequisites: None
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes; CFP Board

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Americans Abroad

Many Americans work abroad, retire overseas, open bank accounts in foreign countries, and buy real estate in foreign lands. All these things present challenging tax situations. It is imperative that you understand the benefits available to reduce the double tax burden that would otherwise arise when foreign source income is taxed by both the U.S. and the foreign country from which the income is derived. Learn how to determine if your client can pass the physical presence test or bona fide resident test, and when and how to use the foreign earned income and housing exclusions or foreign tax credit. Explore the impact of those decisions on IRA contributions. Also learn what reporting forms must be filed to disclose ownership of foreign assets to avoid potentially huge penalties.

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Objectives
  • Advise taxpayers of the tax consequences of transactions outside the U.S.
  • Summarize the qualifications to use the foreign earned income exclusion.
  • Claim the foreign housing exclusion.
  • Properly calculate the foreign tax credit using Form 1116.
  • Summarize the tax impact of overseas real estate transactions to taxpayers.
  • Determine maximum retirement contributions for taxpayers with foreign source income.
  • File foreign asset reporting forms, including FinCen114 and Form 8938.
Other Details

Level: Advanced
Instructor: Lisa Ihm, EA
Prerequisites: Practical knowledge of individual taxation
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes; CFP Board

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Audits & Notices: Perils & Pitfalls

Representing a taxpayer who is being examined or audited requires a different skill set from return preparation. While it’s vital to have basic tax knowledge when representing someone in an audit, you also need to have a more in-depth understanding of the particular areas of the return in question. In this session, we review some of the basics of audit representation, along with those areas that may be of particular concern when addressing an IRS audit or examination.

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Objectives
  • Recognize how the audit process is similar for different types of notices and audits.
  • Recognize the complexities of the Internal Revenue Code (IRC), and how the vagaries of dealing with the IRS can complicate the audit process.
  • Identify who can represent a taxpayer, and how this changes based on the circumstances of the audit.
  • Recognize potential or real conflicts of interest.
  • Summarize the standards of competency required for tax preparation or audit representation.
  • Compare and contrast attorney-client privilege and tax practitioner-client privilege.
  • Summarize how substantial authority relates to an audit.
Other Details

Level: Basic
Instructor: Dave Du Val, EA
Prerequisites: None
# of CPE: 1 (50 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes

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Basis: Situations & Solutions

In this session, we look at a number of basis issues that clients bring to us from separate property states, including property received as a gift and property received as an inheritance, and find the best basis under the given circumstances. Be a hero to your client by minimizing their gain on sales of property. We also discuss the basis for civil law vs. tax law.

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Objectives
  • Determine the best basis answer we can compute using tax law perspective.
  • Calculate basis of property received as a gift.
  • Calculate basis of property received as an inheritance.
Other Details

Level: Intermediate
Instructor: Marilyn Meredith, EA
Prerequisites: Basic knowledge of federal taxation
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes; CFP Board

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Dealing with the Divorced/Divorcing Client

There are many unique tax considerations that you must understand when dealing with divorced, divorcing or never married clients. One of the more challenging life events a tax professional encounters is the dividing of a household and applying the tax laws appropriately, while ensuring we do not run afoul of Circular 230. The division may be in the straightforward form of divorce, or in a more complicated division of tax benefits for those who have never married, whether or not they reside in the same home. The deductions and credits may be the same, but did you know the rules are different for those who are divorced vs. those who did not marry? Join us to learn about the proper filing status, the different rules for credits and deductions for the single vs. divorced and transfers of assets, as well as a discussion of whether, when and how to handle the inherent conflict of interest in such situations.

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Objectives
  • Distinguish between joint custody and the custodial parent for tax purposes.
  • Apply the “divorced parent” rules, and understand when they do not apply.
  • Determine the loss of credits and deductions for MFS and for noncustodial parents.
  • Recall joint and several liability, and options for dividing tax obligations.
  • Compute taxability, if any, upon the transfer of assets.
  • Determine whether a conflict of interest exists.
Other Details

Level: Basic
Instructor: Cheryl Morse, EA
Prerequisites: None
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes; CFP Board

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Business Use of Automobile for Employees & the Self-Employed

The business use of automobiles is a common topic that you probably see come up quite often, particularly during tax season. In this presentation, we not only look at the tax differences of buying a car vs. leasing the same vehicle, but also the several bigger picture financial results that may be affected, such as amount of down payment and monthly payment, cost of financing, using actual expenses vs. the standard mileage rate for business use, and whether the taxpayer can switch between these two systems. We discuss how the basis of an automobile is affected when it was purchased with a trade-in, depreciation limits for “luxury” automobiles, trading in a car that was owned for a new leased vehicle and much more.

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Objectives
  • Compare the tax benefits of using the standard mileage rate with the benefits of using the actual expenses method.
  • Calculate the inclusion amount when a taxpayer leases a car for business use.
  • Determine the maximum depreciation allowed under §280F when a vehicle is used for both personal and business purposes.
  • List the expenses that are allowed in addition to the standard mileage rate.
  • Identify the amount of depreciation deemed taken when the taxpayer uses the standard mileage rate.
  • Identify the depreciation method required to be used when the taxpayer switches from the standard mileage rate to actual expenses.
  • Separate the tax characteristics associated with a vehicle being sold that has had both personal and business use.
  • Calculate the depreciable basis adjustment required for a vehicle acquired in a trade-in transaction when the vehicle given up was also a mixed-use vehicle.
Other Details

Level: Intermediate
Instructor: C. Dale Boushley, EA, CFP®
Prerequisites: Basic knowledge of federal taxation
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes; CFP Board

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Calculating Partnership Basis

Calculating partnership basis can be a real struggle for many tax preparers. Have you ever wondered if a client’s partnership basis is computed correctly? Do you get blank stares when you ask your clients what their basis is in their partnership interest? In this valuable session, we discuss the computation of partnership basis, as well as annual adjustments and the ramifications of debt assumption and debt relief.

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Objectives
  • Calculate partner basis and adjust annually.
  • Analyze partnership debt and determine the partner’s share of positive or negative adjustment.
  • Distinguish between recourse, nonrecourse and qualified nonrecourse debt.
  • Identify partnership distributions and potential income consequences.
  • Calculate the adjusted basis and gain or loss on disposition of the partnership interest.
Other Details

Level: Intermediate
Instructor: Steve O’Rourke, EA
Prerequisites: Basic knowledge of business taxation
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes; CFP Board

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Capital Gains with Regard to Real Estate

Real estate sales can be complicated. This course addresses what happens when real estate is sold in a variety of tricky situations, such as unclaimed depreciation, divorce, mixed use, business use of home, farm real estate, and sales after excluded cancellation of debt and foreclosure. Help guide your clients through the opportunities to minimize their capital gains taxes.

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Objectives
  • Calculate correct depreciation recapture and claim any necessary adjustments for incorrect past depreciation.
  • Compute gain or loss on the sale of a rental or a principal residence after divorce.
  • Calculate the correct basis and taxable gain or deductible loss when property has been used as a residence and a rental.
  • Determine what portion of a sale is taxable when a home office is used.
  • Determine proper tax treatment of capital gains regarding farm real estate.
  • Calculate basis after excluding cancellation of debt.
  • Determine what tax, if any, applies after a foreclosure.
  • Identify which code sections govern various situations.
  • Summarize where each of these situations appears on the tax return.
Other Details

Level: Intermediate
Instructor: Laura Strombom, EA, MBA, NTPI Fellow
Prerequisites: Basic knowledge of federal taxation
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes; CFP Board

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Casualty Losses & NOLs

Have you had an event in your area that was declared a disaster? Have you had a client who experienced a personal property loss? In this session, we cover the ins and outs of what constitutes a casualty loss and how to complete Form 4684. Many casualty losses create a net operating loss (NOL), so we take the logical next step and review the NOL process, including the dreaded alternative minimum tax net operating loss (AMT NOL).

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Objectives
  • Apply the rules to determine if an event constitutes a casualty loss.
  • Illustrate Form 4684 to prepare a correct tax return containing a casualty loss.
  • Analyze the criteria for an NOL.
  • Give an example of a casualty loss resulting in an NOL.
  • Continue the example to include the correct handling of an AMT NOL.
Other Details

Level: Intermediate
Instructor: Randy Lawshé, EA
Prerequisites: Basic knowledge of federal taxation
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes; CFP Board

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Conflicts of Interest

Conflicts of interest arise in practice before the IRS all the time, and smart practitioners need to know how to spot and avoid those conflicts before it becomes a malpractice or a disciplinary issue. In this session, you’ll learn common conflicts of interest that arise in practice before the IRS, and the best way to avoid them.

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Objectives
  • Identify when you may have a conflict of interest with a client.
  • Understand and identify when two clients have a conflict of interest with each other.
  • Identify which conflicts of interest are waivable, and best practices for getting conflict waivers.
  • Understand what conflicts of interest cannot be waived, and how to withdraw from representation when necessary.
Other Details

Level: Intermediate
Instructor: Guinevere Moore
Prerequisites: Basic knowledge of federal taxation and Circular 230
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Ethics; CTEC - Ethics; NASBA - Regulatory Ethics

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Cost of Goods Sold

Is it a supply item, or is it a cost of goods sold (COGS)? Do you need to have inventory in order to have cost of goods sold? How should inventory be valued? In this session, we’ll review the guidelines for COGS and inventory. At least one IRS fact sheet addresses the correlation of COGS and the tax gap, and in this session, we review the fact sheet and how it may impact our clients. After this class, you will have the tools necessary to adequately distinguish between supplies and COGS, and be in a better position to advise your clients on their inventory issues.

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Objectives
  • Evaluate examples of business expenses to differentiate between COGS and regular supply items.
  • Differentiate between accounting methods to determine which ones are appropriate for businesses with inventory.
  • Demonstrate the methods of valuation of inventory.
  • Use an example containing a casualty loss to explain how to adjust COGS.
Other Details

Level: Intermediate
Instructor: Randy Lawshé, EA
Prerequisites: Basic knowledge of federal taxation
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes

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Depreciation Recapture & Form 4797

Few words strike more terror into the heart of the tax professional than “depreciation recapture” and “Form 4797.” Let’s face it—trying to explain to a client who sells an asset for less than they paid for it that they have taxable income from that event is an uphill battle at best! In this lively session, we present new ways to envision the concept of depreciation and the consequences of the sale of a depreciated asset. We illustrate the recapture and taxation of previous depreciation deductions, recovery of basis and capital gains. Finally, we present a high level view of the proper completion of Form 4797.

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Objectives
  • Justify the concept of depreciation allowed or allowable.
  • Correctly determine the adjusted basis of a depreciable asset.
  • Accurately compute the taxable income associated with the recapture of depreciation and the character of income or loss recognized by the taxpayer upon the sale of a depreciable asset.
  • Report the sale or other disposition of an asset on the tax return using Form 4797.
Other Details

Level: Intermediate
Instructor: Jaye Tritz, EA, CFP®
Prerequisites: Basic knowledge of federal taxation
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes; CFP Board

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Do You Know – Basis in an Entity?

Basis of an entity is tracked on the investor’s return, generally the Form 1040. From the creation of an entity (birth), operating of the entity (life), transferring of ownership (adoption) and finally the liquidation (death) of an entity’s ownership, basis constantly changes. This session looks at tracking basis of debt and equity from day-to-day events, business decisions and even events outside of the entity. We consider contributions, distributions, taxable and nontaxable events in the entity, elections by the entity and owners, transfer of ownership and actions by the owner of the entity. Using a simple measuring cup to better understand any basis scenario, you can take this lesson back to your office to more easily explain basis to your clients.

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Objectives
  • List items that impact basis.
  • Track basis accurately.
  • Compare basis among various entities.
Other Details

Level: Intermediate
Instructor: Larry Gray, CPA
Prerequisites: Basic knowledge of federal taxation
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes; CFP Board

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DPAD – Misunderstood & Overlooked

We discuss the history, purpose and method of determining when the domestic production activity deduction (DPAD) applies, what test we must pass and what method to use in calculating DPAD. Help your clients keep manufacturing made in America.

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Objectives
  • Outline the history of DPAD and its purpose.
  • Identify domestic production activities.
  • Identify who it applies to and how it is calculated.
  • Determine which method to use to calculate DPAD based on income.
Other Details

Level: Basic
Instructor: Chuck Stephens, CPA
Prerequisites: None
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes

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Estate Planning

This session examines general estate concepts and discusses some advanced strategies for equalizing each spouse’s estate. We discuss strategies of optimizing the marital deduction, and in the process, look at different types of trusts, such as the qualified terminable interest property (QTIP) trust, bypass trust and Grantor Retained Annuity Trust (GRAT). We also address some conversational topics to discuss with your attorney or your client’s attorney regarding tactics designed to protect assets from potential creditors. Help your clients protect their families and plan for the future in this webinar.

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Objectives
  • Evaluate the current estate tax consequences of your clients.
  • Design a plan to minimize estate taxes by equalizing each spouse’s estate.
  • Summarize the concept of optimizing the marital deduction.
  • Compare and contrast some advanced strategies used in estate planning, such as QTIP, bypass trust and GRAT.
  • List the risks of not working with an attorney to help protect your client’s assets when necessary.
Other Details

Level: Advanced
Instructor: Raj Prashad, EA, CFP®, ChFC
Prerequisites: Practical knowledge of estate taxation
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes; CFP Board

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Ethics Bingo

This is a Circular 230 based ethics course unlike any you have ever attended! Ethics has been a huge area of discussion within the tax community for some time. Each year, it seems that the IRS adds due diligence requirements for tax preparers and increases preparer penalties. It is absolutely imperative for you to understand your duties as you serve your clients. In this session, we look at hypothetical preparer scenarios and determine the most ethical position to take. To keep the course interesting, we will play bingo with real prizes. With colorful examples, you won’t be able to help but remember the rules, and how they apply to you, your practice and your clients.

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Objectives
  • Recognize the rules governing authority to practice.
  • Explain duties and restrictions relating to practice before the IRS.
  • Explain the various sanctions for violations of the regulations described in Circular 230.
Other Details

Level: Basic
Instructor: Laura Strombom, EA, MBA, NTPI Fellow
Prerequisites: None
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Ethics; CTEC - Ethics; NASBA - Regulatory Ethics

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Every Choice Has a Consequence for Your Clients

Practitioners make decisions daily that impact taxpayers in a variety of ways. Have you ever considered the impact a decision may have on other areas of a taxpayer’s return or, for that matter, the future? This course is designed to expand your thinking “outside the box” to consider the consequences a decision may have.

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Objectives
  • Determine the impact on your client’s retirement outcome of saving social security tax now.
  • Choose the standard mileage rate or actual auto expenses in order to reduce tax liability.
  • Compare and contrast the actual expense method with the safe harbor method for business use of home.
  • List the pros and cons of an S election vs. a regular C corporation in light of potential tax law changes.
  • Evaluate who should pay tax on trust income.
  • Weigh the decision as to safe harbor rules for repairs vs. capitalization.
Other Details

Level: Basic
Instructor: Tom O'Saben, EA, CFP®
Prerequisites: None
# of CPE: 1 (50 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes; CFP Board

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Examination Do's & Don’ts

The way you work with an IRS examiner can sometimes mean the difference between a no-change letter and a referral to the Criminal Investigations Unit. In this course, we walk you through best practices for guiding a client through an IRS examination, and common pitfalls to avoid, from the perspective of a tax litigation lawyer who has seen the results of examinations done right and very, very wrong.

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Objectives
  • Adequately prepare a client for an IRS exam, including how to preserve documents and how to provide only what needs to be provided to the IRS.
  • Justify the value of being able to switch the burden of proof from the taxpayer to the IRS at trial, and how to preserve the right for your client to be able to do that by following certain steps during the examination.
  • Identify common mistakes in responding to document requests.
  • Identify common conflicts of interest between the representative and the client.
  • Analyze the ways to best position your client to avoid penalties.
Other Details

Level: Advanced
Instructor: Guinevere Moore
Prerequisites: Practical knowledge of federal taxation
# of CPE: 1 (50 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes

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Foreclosure, Short Sales & Cancellation of Debt

This presentation clarifies the issues surrounding proper tax reporting for clients who have real property foreclosed on or sold in a short sale. Issues covered include: recourse vs. nonrecourse debt, the exceptions and exclusions of reporting canceled debt as income and the reduction of client tax attributes when one of the exclusions does apply. Includes five case studies to use as a road map for when you get back to the office.

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Objectives
  • Analyze a client's documents to determine whether any debt has been canceled.
  • Differentiate between recourse and nonrecourse debt.
  • Summarize the tax reporting of a foreclosure.
  • Determine if the taxpayer qualifies to exclude any portion of canceled debt from income.
  • Prepare forms necessary to properly use the qualified principal residence indebtedness exclusion.
  • Calculate the basis reduction required when the qualified principal residence indebtedness exclusion has been used.
  • Determine the tax ramifications of repaying debt that had been canceled and reported as income in a prior year.
Other Details

Level: Advanced
Instructor: C. Dale Boushley, EA, CFP®
Prerequisites: Practical knowledge of federal taxation
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes; CFP Board

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Form 706, Estate Tax Return

While the daunting title, United States Estate (and Generation-Skipping Transfer) Tax Return, may overwhelm even the most seasoned professional all on its own, Form 706 schedules further serve to confuse and overwhelm. This course is your guide to putting assets, liabilities, trust holdings, and community property allocations where they belong, and provides sample entries to mitigate—and possibly eliminate—IRS scrutiny of the completed return.

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Objectives
  • Diligently prepare a tax return that should survive an auditor’s scrutiny.
  • List the procedural requirements for timely filing and payment of the resulting tax liability.
  • Accurately compute the net estate tax due based on the value of the decedent’s assets as well as his or her lifetime gifts.
  • Use the Deceased Spouse’s Unused Exclusion to offer the surviving spouse a future tax benefit.
Other Details

Level: Intermediate
Instructor: Monica Haven, EA, J.D
Prerequisites: Basic knowledge of estate taxation
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes; CFP Board

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Form 8867: Due Diligence for All

The PATH Act of 2015 spread the due diligence requirements for the earned income tax credit (EITC) across the board, covering most taxpayers claiming children, as well as college credits. The penalty for failure to follow due diligence when working with these clients can be costly. This session details the necessary steps to observe, as well as some common tripping points.

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Objectives
  • Outline the requirements for earned tax income credit, child tax credit and the American opportunity tax credit.
  • Summarize the concept of due diligence.
  • List the requirements for a qualifying child.
  • Establish due diligence procedures in your office.
  • Differentiate between acceptable evidence and unacceptable evidence in support of the credits.
  • Recognize the penalties and risks involved.
Other Details

Level: Basic
Instructor: Kathryn Keane, EA
Prerequisites: None
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes; CFP Board

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HSA Used the Right Way

It’s a triple treat and surprisingly powerful for the taxpayer–the money goes in tax-free, grows tax-free and is not taxable when you take it out for health care costs! In light of efforts to repeal the ACA, the HSA is expected to become a centerpiece of managing health care-related expenses going forward. Yet, when asked, too many tax professionals admit to not knowing enough about this powerful tool that offers tax relief when paying for health care-related expenses, while also wearing some retirement savings features. Let’s look at the HSA so you can guide and assist your clients in this area with superior tax knowledge.

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Objectives
  • Determine who qualifies for an HSA.
  • Determine who can contribute to the HSA.
  • List the special rules such as last-month and one-time rollover.
  • Accurately report contributions and distributions.
  • Communicate the benefits of this tax-saving tool to your clients.
Other Details

Level: Intermediate
Instructor: Melinda Garvin, EA
Prerequisites: Basic knowledge of individual taxation
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes; CFP Board

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Implementing an Information Security Plan for Your Business

Identity theft is all too common. As a matter of course, tax professionals collect sensitive information from taxpayers that, if compromised, could cause serious harm to your clients and to your business. It is important to understand your risks, to know what is required from a regulatory standpoint and to implement the practices and protections that will make the information you collect more resistant to unauthorized access or compromise. This session covers the basics of information protection and provides specific guidance that you can use in your daily practice to better protect client and business information. You will also be updated on the IRS’s efforts to combat identity theft through the Commissioner’s ongoing Security Summit.

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Objectives
  • Identify information protection and privacy requirements for tax professionals.
  • Determine your risk.
  • Distinguish protective measures that are most effective in protecting personal information.
  • Evaluate your information security program or initiate steps to determine if you are protected or at risk.
  • Identify what to do if you think you might have been compromised.
  • Identify available resources to help build and manage your information security program.
Other Details

Level: Intermediate
Instructors: Larry Gray, CPA
Prerequisites: Awareness of professional requirements for protecting client personal information. Larry Gray’s webinar “Tax Identity Theft: Tax Professionals on the Ramparts” is highly recommended but not required.
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Update; CTEC - Federal Tax Law Update; NASBA - Taxes

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Innocent Spouse/Injured Spouse

This session contrasts the injured spouse from the innocent spouse. We study the fundamentals of injured spouse relief, including computations in both common law and community property states. We also look at the rules surrounding qualification for innocent spouse relief, the process to request such relief and consider various defenses to obtain relief. Help your clients protect more of their refund by using these tools.

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Objectives
  • Describe the difference between an injured spouse and an innocent spouse.
  • Describe the basic aspects of injured spouse relief.
  • Recall the methodology by which injured spouse relief is computed.
  • List the three bases for innocent spouse relief and the differences between them.
  • List the rules to qualify for innocent spouse relief, including recent changes to the equitable relief provisions.
Other Details

Level: Advanced
Instructor: Larry Zimbler, MST, EA
Prerequisites: Practical knowledge of federal taxation
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes; CFP Board

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Ins & Outs of Section 529 Plans

Section 529 plans are growing in popularity. As the cost of college skyrockets, many of our clients look to us, their tax professionals, to help them plan in a tax-sensitive way. §529 plans are a useful tool. This session gives you a thorough review of 529 plans, including contributions, titling, beneficiaries and distributions.

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Objectives
  • List the basic requirements to establish a §529 plan.
  • Analyze the gift tax and estate tax impact of contributing to a §529 plan.
  • Summarize the rollover and direct transfer rules relating to §529 plans.
  • Determine when non-typical distributions are considered qualified.
  • Identify qualified higher educational expenses for §529 plans.
  • Calculate the tax-free and taxable portion of distributions.
  • Properly report the distributions.
Other Details

Level: Intermediate
Instructor: Kathryn Keane, EA
Prerequisites: Basic knowledge of federal taxation
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes; CFP Board

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Installment Agreements

If a client owes money to the IRS but cannot pay the debt in full, they have the option of doing so through an installment agreement (IA). To effectively represent clients, you must know the law, the rules and IRS policy with regard to installment agreements. All clients have different situations, so you must be aware of which type of IA works best depending on the scenario. In this session, we discuss all the different IAs, including streamline, partial pay, the one-year rule and the six-year rule.

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Objectives
  • Identify when a taxpayer qualifies for an installment agreement.
  • List the steps to prepare the necessary paperwork for an IA.
  • Correctly prepare a successful IA.
Other Details

Level: Basic
Instructor: Steve Klitzner, Atty
Prerequisites: None
# of CPE: 1 (50 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes

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IRAs – Traditional, Roth or Self-Directed

Self-directed IRAs are becoming more popular because of the alternative investments that are permitted, including private company stock, oil and gas limited partnerships, precious metals, real estate and private mortgages. Because of the various types of investments now available, the filing requirement for Form 990-T is becoming more frequent. In this session, we look at the 60-day rollover rule and the conversion and contribution rules of Roth IRAs. The session also includes a summarized review of the required minimum distribution (RMD) rules to ensure that your clients are withdrawing their RMDs properly.

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Objectives
  • Recognize when you must or should file a Form 990-T for IRAs.
  • Analyze whether it makes financial sense to have IRAs with unrelated business income.
  • Outline the filing requirements for Form 990-T.
  • Compute the RMDs for both the account owners and beneficiaries
Other Details

Level: Advanced
Instructor: Sue Voth, EA
Prerequisites: Practical knowledge & understanding of federal taxation and IRA terminology
# of CPE: 1 (50 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes; CFP Board

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IRS Problem Resolution: Decisions, Decisions, Decisions

The IRS wants to speak to your client–what do you recommend? The IRS wants your client to extend the statutes of limitations—what do you recommend? Your client has the right to request a collection due process or equivalent hearing—what do you recommend? There are best practices and exceptions to every rule. Knowing the reasoning that guides audit and collection case decisions is critical to you, the professional who acts as the architect of the taxpayer’s defense plan. In this session, we illustrate how to examine the facts and circumstances to make the best decisions on your tax resolution cases. You’ll learn the tools and strategies to get the best resolution for your clients.

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Objectives
  • Identify important issues that will affect the outcome of a tax resolution case.
  • Identify the rules and taxpayer’s rights when representing them in collection and audit cases.
  • Weigh the facts of each case to make the proper decisions for your clients on a case-by-case basis.
Other Details

Level: Intermediate
Instructor: Steve Klitzner, Atty
Prerequisites: Prerequisite: Basic knowledge of federal taxation
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes

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Is It Above the Line, Below the Line or Not Deductible?

When preparing your clients’ returns, it’s crucial to understand all the possible deductions and how they may or may not apply to your clients’ unique tax situations. This interactive discussion focuses on certain situations and whether something is deductible under such a scenario. Using real life examples, we analyze if something is deductible and where it would be deductible.

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Objectives
  • Determine what is deductible in real life situations.
  • Determine where you can claim deductions.
  • Identify nondeductible expenses in real life situations.
Other Details

Level: Intermediate
Instructor: Marilyn Meredith, EA
Prerequisites: Basic knowledge of federal taxation
# of CPE: 1 (50 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes; CFP Board

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Panel Discussion – Tax Update

Sometimes, we leave sessions with unanswered questions. Bring those questions to this panel discussion and we’ll address the issues. This 100–minute dynamic session addresses many of your questions regarding new tax law and any complex or practice-altering changes. Stay updated and informed to best serve your clients!

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Objectives
  • Summarize new tax law implications and applicability.
  • Advise clients regarding pros and cons of electing safe harbor elections under the complex repair regulation rules.
  • Evaluate and implement various levels of security needed in your practice to protect client and data privacy and be in compliance with preparer rules and regulations.
Other Details

Level: Update
Instructors: Steve O’Rourke, EA, Tom O'Saben, EA, CFP®, Sue Voth EA & Larry Gray CPA
Prerequisites: None
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Update; CTEC - Federal Tax Law Update; NASBA - Taxes; CFP Board

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Practitioner Privilege

Prior to commencing the enactment of the Reform & Restructuring Act of 1998 (RRA 98), communications between non-attorney practitioners (such as CPAs and EAs) and their clients were not privileged. However, the RRA 98 created a tax advisor-client privilege. This provision provides the same common-law protection of confidentiality that applies to communications between a taxpayer and their attorney. Help protect your clients by learning how to ensure your communications are privileged.

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Objectives
  • Define practitioner privilege as it relates to tax law and administrative tax matters.
  • Correctly evaluate whether privilege applies in client scenarios.
  • List tax situations regarding the application or invocation of privilege.
  • Identify the process of protecting the privileged information of taxpayers, as well as document, discuss and explain what actually qualifies as privileged information.
  • Apply Circular 230 guidelines with respect to asserting privilege regarding federal tax matters.
  • List how practitioner privilege applies regarding civil and criminal tax matters.
  • List recent court rulings and IRS decisions/positions related to practitioner, as well as taxpayer privilege tax issues.
Other Details

Level: Intermediate
Instructor: LG Brooks, EA
Prerequisites: Basic knowledge of taxation & representation
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes

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QuickBooks to Tax Return

This session identifies common bookkeeping errors and incorrect postings, how to correct them, and how to prepare accounting data for tax return preparation – both corporate and personal.

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Objectives
  • Identify common erroneous transactions.
  • Correct erroneous transactions.
  • Correctly prepare the S corporation tax return with unusual situations.
  • Correctly prepare the shareholder’s 1040 and address some unusual situations.
Other Details

Level: Intermediate
Instructor: Chuck Stephens, CPA
Prerequisites: Basic knowledge of federal taxation
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: NASBA - Accounting

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Real Estate Professionals

Defining and describing the role of a real estate professional continues to be one of the most confusing tasks we face as tax professionals. This session examines the requirements and standards that must be met to determine whether a taxpayer qualifies as a real estate professional, using realistic examples and scenarios.

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Objectives
  • Determine when the 50% of personal services time test is met.
  • Consider whether a client is involved in real estate trades and businesses.
  • Summarize the 750 hours test.
  • Determine if a taxpayer materially participated in a rental property.
  • Summarize the grouping election.
  • Determine when grouping may be appropriate.
  • Determine whether the net investment income tax applies.
  • Summarize tax issues on disposition of property within a group.
Other Details

Level: Intermediate
Instructor: Kathryn Keane, EA
Prerequisites: Basic knowledge of federal taxation
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes

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Retirement Planning

Quite a number of individuals do a poor job planning for retirement. As a matter of fact, approximately 10,000 individuals will turn age 65 every day through 2030, and most will retire with inadequate resources to fund their retirement. Take it in your hands to properly advise your clients on their retirement options. This session explains how to enhance and develop the critical skills needed to help your clients achieve their retirement goals. Your clients worked hard—don’t leave them in the dark when it comes to their retirement.

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Objectives
  • Help your clients estimate their annual retirement income needs to manage risk and the impact of inflation on their retirement income.
  • Compare and contrast the different techniques used in the accumulation phase vs. the decumulation phase.
  • Determine appropriate withdrawal rate to minimize the chances of running out of money in retirement.
  • Evaluate the impact of health care costs on retirement and the importance of planning to minimize the impact.
  • Evaluate strategies you can use to help minimize the impact of taxes on different asset classes.
  • Identify sources of retirement income, such as pension benefit, social security income, personal savings and reverse mortgages.
  • Recognize the importance of having appropriate legal documents in place for the “golden years.”
  • Determine whether you should recommend a trust in your client’s retirement plan.
Other Details

Level: Advanced
Instructor: Raj Prashad, EA, CFP®, ChFC
Prerequisites: Practical knowledge of and familiarity with retirement plans
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: NASBA - Specialized Knowledge; CFP Board

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Special Occupations

The tax code is frequently used to encourage or discourage certain behaviors by taxpayers, and this is no different when it comes to encouraging taxpayers to engage in certain occupational activities. Thus, certain special occupations may receive more beneficial treatment than your normal 9-to-5 worker. This course covers the special provisions and qualifications that pertain to teachers, ministers, gamblers, military service members, and employees who are subject to Department of Transportation (DOT) provisions. If you have clients who work in these fields, this is the course for you!

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Objectives
  • Identify taxpayers who qualify for special tax treatment as clergy.
  • Determine whether a given taxpayer is classified as a recreational or professional gambler.
  • Apply the rules that govern the reporting of eligible education-related expenses by teachers and other educators.
  • Recognize taxpayers who qualify for special tax treatment related to the U.S. Armed Forces.
  • Identify taxpayers who are subject to the rules that apply to DOT workers.
  • Apply the special rules for special occupations to reduce a taxpayer’s tax liability.
Other Details

Level: Intermediate
Instructor: Dave Du Val, EA
Prerequisites: Basic knowledge of federal taxation
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes; CFP Board

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Tax Issues of Clients with Disabilities

Good tax professionals should always consider themselves advocates for their clients and their families, and that is especially important when dealing with a client with a disability or a client with a family member who has a disability. There are many unique tax deductions and credits that may be available to the client, and many tax planning issues that may be encountered. In this wide-ranging session, we touch on all aspects of disability from qualifications, expenses of care, education and employment, to transportation costs, Social Security Disability Insurance (SSDI), Medicare, Medicaid and Americans with Disabilities Act (ADA)-associated costs for business owners.

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Objectives
  • Define the term “disabled.”
  • Outline the types of medical expense deductions that may be unique to a taxpayer with a disability.
  • Identify the benefits and support that may be available, including SSDI, Supplemental Security Income, Medicare, Medicaid, disabled veteran benefits, early pension distributions and long-term care.
  • Identify the aspects of tax planning for families dealing with a disability and recognize provisions for future care of the individual with a disability, such as the Qualified Disability Trust, Achieving a Better Life Experience (ABLE) accounts, the Medicaid Qualifying Trust and others.
  • Summarize the impact of the ADA on employers and the required accommodations for an employee with a disability.
Other Details

Level: Intermediate
Instructor: Jaye Tritz, EA, CFP®
Prerequisites: Basic knowledge of federal taxation
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes; CFP Board

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Tax Stuff You Thought You Knew

We’ve all had those “light bulb” moments when we realize that we’ve been missing out on a great tax deduction for a client or have overlooked a perfect tax planning opportunity. These revelations come from many sources. Sometimes, it’s that one really useful piece of information we learn at a seminar or from a colleague that gets us thinking, or something totally unexpected that we come across when researching another tax topic. You are in “Jeopardy” of having fun while learning some surprising tax facts in this fast-paced session. You’ll have at least one “a-ha” moment, guaranteed!

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Objectives
  • Determine the best use of tax code to get the best possible outcome for the taxpayer.
  • Determine how recent IRS guidance affects returns filed in prior years.
  • Apply increased knowledge on a broad range of commonly addressed tax topics.
  • Identify areas in which tax code could be applied in a more advantageous way than previously thought.
  • Identify clients whose returns may be amended to claim refunds.
  • Correct misconceptions about tax reporting requirements.
Other Details

Level: Intermediate
Instructor: Lisa Ihm, EA
Prerequisites: Basic knowledge of federal taxation
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes; CFP Board

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Tax Update

Are you curious about what impact the new Congress and presidential administration will have on 2017 tax law? Attend this dynamic session covering new legislation effective for 2017 and beyond. We analyze new developments and discuss ramifications for taxpayers, as well as tax planning options.

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Objectives
  • Identify recently-enacted tax laws.
  • Analyze new developments and provide relevant examples.
  • Recommend tax saving strategies with new laws.
  • List various provisions that will expire with the new legislation.
Other Details

Level: Update
Instructor: Steve O’Rourke, EA & Melinda Garvin, EA
Prerequisites: Basic knowledge of federal taxation
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Update; CTEC - Federal Tax Law Update; NASBA - Taxes; CFP Board

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Trading Securities

In this session, we look at and discuss the tax treatment and reporting requirements for common transactions that taxpayers engage in as part of their investment portfolio. We also go over the exercise of qualified stock options offered by an employer. Help your clients plan for their future, by learning about the tax implications of investing.

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Objectives
  • Differentiate between an investor, a trader and a dealer in securities.
  • Identify tax considerations of participating in a dividend reinvestment plan.
  • Compute basis following a wash sale.
  • Compute basis following a stock split.
  • Compute basis following a merger or spin-off.
  • Evaluate the tax implications of investing in put and call options.
  • Distinguish between a regular exercise of an incentive stock option (ISO) and a cashless exercise of an ISO.
  • Compute the alternative minimum tax (AMT) considerations of the exercise of an ISO.
Other Details

Level: Intermediate
Instructor: Larry Zimbler, MST, EA
Prerequisites: Basic knowledge of federal taxation
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes; CFP Board

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Unusual Income Items

You’ve probably been stumped before by an unusual income item a client brings to you. Let’s face it, we all have! This session attempts to address some of the unusual income and expense items you may run across during the course of tax season.

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Objectives
  • Determine where unusual items of income are reported on your client’s tax return.
  • Determine expenses a taxpayer may use as adjustments to income.
  • Report unusual items, such as repaid unemployment, union strike benefits, lawsuit proceeds, netted gambling winnings and personal property rental income.
  • Substantiate unusual income and deductions reported on the tax return.
Other Details

Level: Intermediate
Instructor: Tom O'Saben, EA, CFP® & Sue Voth, EA
Prerequisites: Basic knowledge of federal taxation
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes; CFP Board

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What is IRD?

Income in respect of a decedent (IRD) refers to those amounts to which a decedent was entitled as gross income but which were not properly includable in computing his taxable income for the taxable year ending with the date of his death or for a previous taxable year under the method of accounting employed by the decedent. Clear as mud! In this session, we slog through the muck and mire to identify sources of IRD and offsetting deductions, how and where to report each and how to calculate a tax deduction for any estate tax that may result.

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Objectives
  • Identify items of income that must be reported as IRD and corresponding expenses that may be deducted as a dividends received deduction (DRD).
  • Report special circumstances such as receivables and partnership income.
  • Recognize planning opportunities to minimize tax impact of IRD.
  • Correctly calculate the §691(c) IRD deduction from the estate tax return.
  • Allocate the §691(c) IRD deduction from the estate tax return.
Other Details

Level: Advanced
Instructor: Monica Haven, EA, J.D.
Prerequisites: Practical knowledge of federal taxation
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Federal Tax Law Topic; CTEC - Federal Tax Law Topic; NASBA - Taxes; CFP Board

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What Would You Do? Reverse Roles!

This session of “What Would You Do?” is just like the TV show—only the subject material is related to situations happening in your tax office. Based on real life situations we face in our tax offices, we put all the players and facts in place and then challenge you to share what you would do in such a scenario. Using our bookkeeping clients, payroll clients, tax clients, senior clients, etc., we’ve compiled a collection of mind-provoking “what-ifs”. Get a peek at what other tax professionals would do in these circumstances. Who is right? Can you make ethical decisions on the fly? While looking at each situation, we analyze our requirements of best practices, due diligence, tax law and ethical behavior.

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Objectives
  • Correctly evaluate the proper course of action under client pressure.
  • Evaluate the necessity of specific office documents and when to use them.
  • Determine if you need to implement more best practices procedures in your office.
Other Details

Level: Intermediate
Instructor: Melinda Garvin, EA
Prerequisites: Basic knowledge of federal taxation and Circular 230
# of CPE: 2 (100 minutes)
Sponsor & Field of Study: IRS - Ethics; CTEC - Ethics; NASBA - Regulatory Ethics

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