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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 s​ubject to ch​ange. All times listed are in the CENTRAL TIME ZONE.


Schedule overview


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

 

9:00 a.m. – 10:40 a.m. CT

Taxation of Virtual Currency

 

Learn tax aspects of activities related to virtual currency, as well as initial coin offerings, airdrops and forked currency.

Intermediate


Losses in the Era of TCJA

 

Net operating losses, excess business losses and passive activity losses will be reviewed, and changes discussed in detail.

Intermediate


IRS Correspondence, Action & Reaction

 

Review actual collections, audit and appeal letters in detail to learn different IRS abbreviations and how the letters are used.

Intermediate


10:40 a.m. – 12:30 p.m. CT

Expo hall: Meet with exhibitors

 

12:30 p.m. – 2:10 p.m. CT

IRS Emerging Issues

 

IRS Stakeholder Liaisons from the Communications & Liaison Division will discuss select emerging issues and IRS program updates.

Update


Charitable Contributions Under TCJA

 

Explore opportunities to advise clients about supporting their favorite charities while using the tax laws to their advantage.

Intermediate


Analysis of the Case: Client Options

 

Walk through the process of sorting out clients’ back tax issues and how to determine which of the various options is best.

Intermediate

 

2:30 p.m. – 4:10 p.m. CT

Assist Clients with FDII and GILTI

 

Learn which clients are impacted by a GILTI subpart F inclusion and FDII, and tax strategies for each through examples with forms.

Intermediate


Transforming Client Success

 

Data shows that business owners are more successful when they work with a trusted advisor. Learn how you can offer more to clients immediately.

Intermediate


Penalty Abatement Techniques

 

Understand overall reasonable cause penalty abatement policies and know when a client can apply for first-time abatement.

Intermediate


 

4:20 p.m. – 6:00 p.m. CT

Taxation of Virtual Currency

 

Learn tax aspects of activities related to virtual currency, as well as initial coin offerings, airdrops and forked currency.

Intermediate


Losses in the Era of TCJA

 

Net operating losses, excess business losses and passive activity losses will be reviewed, and changes discussed in detail.

Intermediate


IRS Correspondence, Action & Reaction

 

Review actual collections, audit and appeal letters in detail to learn different IRS abbreviations and how the letters are used.

Intermediate


6:00 p.m. – 7:00 p.m. CT

Charity event


Wednesday, July 29

 

9:00 a.m. – 10:40 a.m. CT

Conflicts of Interest in Ethics

 

We will have an in-depth discussion of the ethics of conflict of interest situations facing tax preparers and ways to solve them.

Intermediate/Ethics


Interstate Sales Taxes After Wayfair

 

Review the history of interstate selling through the commerce clause of the Constitution and the South Dakota v. Wayfair decision.

Intermediate


Offer in Compromises and Installment Agreements

 

Learn the different types of installment agreements available with the IRS and how to explain the different costs to clients.

Intermediate


10:40 a.m. – 12:30 p.m. CT

Expo hall: Meet with exhibitors

 

12:30 p.m. – 2:10 p.m. CT

U.S. Tax Reporting of Foreign Business

 

Learn how to handle clients who already operate a business outside the U.S., and how to advise clients planning new operations.

Intermediate


Ins and Outs of §529 Plans

 

This session is a thorough review of a §529 plan including contribution, titling, beneficiaries and distributions.

Intermediate


Getting a Non-Filer Compliant

 

Learn step-by-step through the process of resolving a non-filer case from initial engagement and case strategy to the post-submission considerations.

Intermediate


 

2:30 p.m. – 4:10 p.m. CT

Succession Planning for Small Business

 

This course will give practical ideas for tax pros to help clients with family businesses in succession and estate planning.

Advanced


Tackling the Consolidated 1099

 

Learn how to correctly report interest income, tax-exempt income, adjustments on Schedule D, bond premium and sale of PTPs.

Intermediate


Dealing with IRS Appeals

 

Understand the role of appeals, learn to explain the process to your clients and how to resolve a case before and during an appeal.

Intermediate


 

4:20 p.m. – 6:00 p.m. CT

Conflicts of Interest in Ethics

 

We will have an in-depth discussion of the ethics of conflict of interest situations facing tax preparers and ways to solve them.

Intermediate/Ethics


Interstate Sales Taxes After Wayfair

 

Review the history of interstate selling through the commerce clause of the Constitution and the South Dakota v. Wayfair decision.

Intermediate


Offer in Compromises and Installment Agreements

 

Learn the different types of installment agreements available with the IRS and how to explain the different costs to clients.

Intermediate



Thursday, July 30

 

9:00 a.m. – 10:40 a.m. CT

Opportunity Zones

 

Learn the rules for gain on sale of property, like-kind exchanges and review how to report opportunity zone investments.

Intermediate


RMD, RBD, QCD, QLAC: Retirement Planning

 

Help you clients understand the array of requirements and options for planning retirement distributions in an efficient manner.

Intermediate


Best Practices for Defending an IRS Exam

 

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.

Intermediate


10:40 a.m. – 12:30 p.m. CT

Expo hall: Meet with exhibitors

 


12:30 p.m. – 2:10 p.m. CT

Advanced Farm Topics

 

Explore tax strategies for farmers, including payments-in-kind, farm expenses, employing family members and farm averaging.

Advanced


Installment Sales Reporting

 

Learn what makes an installment sale, comprehend risks and benefits, and identify and report unstated interest on Form 6252.

Intermediate


Criminal Tax 101

 

We will review the various tax crimes, and what the government looks for when determining to prosecute a taxpayer or preparer.

Intermediate


 

2:30 p.m. – 4:10 p.m. CT

How SECURE is Your Retirement?

 

In this session, we will provide an in-depth analysis of the SECURE Act and its effects on both retirement and estate planning.

Intermediate


At Risk & Form 6198

 

Learn how to recognize when clients are at risk, determine at-risk basis, understand at-risk rules and how to complete Form 6198.

Intermediate


AML, Representation & Cannabis

 

Learn how the Bank Secrecy Act and anti-money laundering laws intersect with taxation and reporting of marijuana businesses.

Intermediate


 

4:20 p.m. – 6:00 p.m. CT

Opportunity Zones

 

Learn the rules for gain on sale of property, like-kind exchanges and review how to report opportunity zone investments.

Intermediate


Dealing with IRS Appeals

 

Understand the role of appeals, learn to explain the process to your clients and how to resolve a case before and during an appeal.

Intermediate


Best Practices for Defending an IRS Exam

 

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.

Intermediate



Friday, July 31

 

9:00 a.m. – 12:40 p.m.

Cybersecurity and Protecting Digital Assets

 

Understand the terminology, how it applies to the tax preparation industry and what is needed to protect client data. Create a data security plan.

Intermediate


12:40 p.m. – 1:00 p.m. CT

Closing remarks

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