TaxCon sessions will be taught by expert and respected instructors and filled with timely and critical information. When applicable, the latest COVID-19 and other recent legislation will be included in your materials.
Schedule subject to change. All times listed are in the CENTRAL TIME ZONE.
Monday, July 27
9:00 a.m. – 11:00 a.m. CT
Opening Session: Sharyn Fisk, Director of OPR, followed by
The Future of Tax and Accounting: Cloud Hosting, Advisory Services and More
11:00 a.m. – 1:00 p.m. CT
Expo hall: Meet with exhibitors
1:00 p.m. – 3:30 p.m. CT
Business and Individual tax updates
3:45 p.m. – 4:45 p.m. CT
Buying & Selling a Tax Practice: How to get exactly what you want
Tuesday, July 28
Learn tax aspects of activities related to virtual currency, as well as initial coin offerings, airdrops and forked currency.
Net operating losses, excess business losses and passive activity losses will be reviewed, and changes discussed in detail.
Review actual collections, audit and appeal letters in detail to learn different IRS abbreviations and how the letters are used.
10:40 a.m. – 12:30 p.m. CT
IRS Stakeholder Liaisons from the Communications & Liaison Division will discuss select emerging issues and IRS program updates.
Explore opportunities to advise clients about supporting their favorite charities while using the tax laws to their advantage.
Walk through the process of sorting out clients’ back tax issues and how to determine which of the various options is best.
Learn which clients are impacted by a GILTI subpart F inclusion and FDII, and tax strategies for each through examples with forms.
Data shows that business owners are more successful when they work with a trusted advisor. Learn how you can offer more to clients immediately.
Understand overall reasonable cause penalty abatement policies and know when a client can apply for first-time abatement.
6:00 p.m. – 7:00 p.m. CT
Wednesday, July 29
We will have an in-depth discussion of the ethics of conflict of interest situations facing tax preparers and ways to solve them.
Review the history of interstate selling through the commerce clause of the Constitution and the
South Dakota v. Wayfair decision.
Learn the different types of installment agreements available with the IRS and how to explain the different costs to clients.
Learn how to handle clients who already operate a business outside the U.S., and how to advise clients planning new operations.
This session is a thorough review of a §529 plan including contribution, titling, beneficiaries and distributions.
Learn step-by-step through the process of resolving a non-filer case from initial engagement and case strategy to the post-submission considerations.
This course will give practical ideas for tax pros to help clients with family businesses in succession and estate planning.
Learn how to correctly report interest income, tax-exempt income, adjustments on Schedule D, bond premium and sale of PTPs.
Understand the role of appeals, learn to explain the process to your clients and how to resolve a case before and during an appeal.
Review the history of interstate selling through the commerce clause of the Constitution and the South Dakota v. Wayfair decision.
Thursday, July 30
Learn the rules for gain on sale of property, like-kind exchanges and review how to report opportunity zone investments.
Help you clients understand the array of requirements and options for planning retirement distributions in an efficient manner.
From the notice of exam to the closing letter, this course reviews every step of an IRS exam and how to prepare for what's ahead.
Explore tax strategies for farmers, including payments-in-kind, farm expenses, employing family members and farm averaging.
Learn what makes an installment sale, comprehend risks and benefits, and identify and report unstated interest on Form 6252.
We will review the various tax crimes, and what the government looks for when determining to prosecute a taxpayer or preparer.
In this session, we will provide an in-depth analysis of the SECURE Act and its effects on both retirement and estate planning.
Learn how to recognize when clients are at risk, determine at-risk basis, understand at-risk rules and how to complete Form 6198.
Learn how the Bank Secrecy Act and anti-money laundering laws intersect with taxation and reporting of marijuana businesses.
Friday, July 31
Understand the terminology, how it applies to the tax preparation industry and what is needed to protect client data. Create a data security plan.
12:40 p.m. – 1:00 p.m. CT