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Chapter News - Current Edition

March 21, 2017

This e-newsletter will keep you connected with all that’s happening in your Chapter and Chapters around the country. Volunteer leaders provide these updates on state tax issues, newsletters, educational events and much more.
Recognize a Fellow Member!
Tax Professional of the Year nominations are underway! We encourage all members to nominate a member that has gone out of their way to make the profession better. The nominee could have mentored another tax professional, been instrumental in a volunteer effort, organized a program to assist other tax professionals--the list is endless. This is the perfect way to recognize a member who has helped you become who you are today!

The winner will receive a free trip to the National Conference, where they will be presented with a plaque to recognize their accomplishment. The free trip includes airfare, a five-night stay and full Conference registration. For this nomination period, we are using the criteria, form and additional information listed on our Tax Professional of the Year page. Nominate someone today!

Alabama: Hot off the presses! Our March newsletter is full of information on this year’s Spring Fling and scholarship opportunities. Join us for some great education, networking and relaxation in Orange Beach, April 30 - May 3.

Registration is now open. Catch the "early bird" special while it is still available. See you all there!

California: Are you following us on Facebook? We've got big ideas for our page, you don't want to miss out!

Colorado: City and Local Taxes: Certain Colorado counties and cities have occupational privilege taxes. These taxes are assessed as a flat rate per month for employees with earnings over the threshold amount. These taxes are not considered a local income tax. Rather, these taxes are deductible on federal Schedule A as miscellaneous itemized deductions subject to the 2% AGI limit (reprinted from TheTaxBook Web Library).

Keep in mind: Colorado taxpayers can subtract up to $100,000 of capital gain income if:

  • The income is included in federal taxable income.

  • The income is earned from the sale of real or tangible personal property located in Colorado at the time of the transaction.

  • The taxpayer acquired the asset after May 9, 1994, and owned it continuously for five years prior to the transaction date.

  • Form DR 1316 must be attached to the return.

There’s always so much to consider, which helps keep this profession interesting.

Happy tax season to all!

Connecticut: A little birdie said spring is here!

Please join the Connecticut Chapter on Friday, June 9, 2017 for our Education Seminar at the Radisson Hotel, in Cromwell, CT. We are excited to have Marilyn Meredith, EA, a nationally-known speaker, presenting on a number of awesome tax topics. Earn up to 8 CPE at this year’s event.

Your admission fee includes a continental breakfast, snacks and lunch.

The agenda will include:

  • Sale of Rental with Installment Sale Option

  • Closing a PTP-Publically Traded Partnership

  • Dealing with HSAs

  • Basic Form 1041 Estate Tax Return

  • Do You Know Your Basis?

  • Ethics by Example

Location: Radisson Hotel Cromwell, 100 Berlin Road, Cromwell, CT 06416
Time: 7:30 a.m. registration until 5:00 p.m.

Registration is now open. Sign up today to get the early rate.

For more information, visit the CTNATP Chapter Facebook page for updates.

Florida: March didn't roar into Florida until a couple of days ago—we had to actually find our sweaters! But in May your hard-working Board members will be getting a tan on the beach. Will you be there? Our Spring Conference hotel is right on beautiful Daytona Beach! Join us May 18 and 19 and wiggle your toes in the sand after class! Earn up to 16 CPE at this year’s event. Check out our latest newsletter for the agenda and registration form.

Less than a month to go in this year's tax season and we hope you've had a productive and relatively stress-free time of it--April 18 is in sight!

Hawaii: AirBNB & 1099-Misc with Panel Discussion - 2 CPE
This discussion presents a great opportunity to learn the ins and outs of the increasingly popular AirBNB business in Hawaii. Join us to talk with other tax preparers and ask questions about issues & concerns regarding the hot topic. Includes breakfast, too!

  • Save The Date - May 18, 2017 - 8:00 a.m. - 10:00 a.m.
  • Breakfast buffet starts at 7:30 a.m.
  • Cost: $30 members, $35 nonmembers
Please register here. RSVP Susan Sowders at SUECANDO@hawaii.rr.com or call her at 808-230-7395 by May 1, 2017!

Kentucky:  Warning! A word of caution from your IRS liaison.


Susie Gainous, Kentucky’s IRS liaison, is dealing with six potential tax practitioner data breach cases in Kentucky and Tennessee. A few cases involve practitioners that use remote access software to access their work computers from home. In other cases, practitioners had opened an email attachment from a supposed client, and the email contained a payload of ransomware that infected their computers.  

In our haste to get work done, we sometimes are not as diligent as we should be. Please contact the IRS immediately if you believe your clients' data has been put in jeopardy. Don’t forget to refer any suspicious email to phishing@irs.gov and take the necessary steps to protect yourself and your clients’ data. Please refer to IRS Publication 4557 - Safeguarding Taxpayer Data for some great tips and guidance.

New Jersey: Save the date! May 16, 2017.

The NJ Chapter will continue its education program at the Hotel ML in Mount Laurel, NJ. Based on member feedback, the event will cover requested tax topics to include:

The topics for this seminar will include:


A primer on International Taxation

  • Pennsylvania: Line by Line
Full details and registration forms will be coming out within the next few weeks. Please continue to view our Facebook page and website for details.

New York: Check out the March edition of our newsletter!

Learn breaking news on the extended deadlines for those affected by Winter Storm Stella as well as interesting articles on cyber security and very important information concerning 1040 extensions!

Texas: Did you miss it? I'm talking about the February 2017 newsletter. If so, here it is.

Attached are the minutes from the March 2017 First Friday Meeting with our local IRS Liaisons and the latest Communications at a Glance for March.

Please remember to mark your calendar for our Annual Education Event to be held in Houston, October 25-27.

Tax Tip: Take a break every once in a while so your tax season doesn't become too taxing!


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