Super Seminar 2023: Peppermill Resort - Reno, NV

When
6/20/2023 4:30 PM - 6/22/2023 4:50 PM
Where
Peppermill Resort, Reno, NV

Program

   

Monday, 19 June 2023

Description
See our guest registration policies and procedures for more information.
Time
6/19/2023 - 6/22/2023

Speaker: Derek Ganter, Director, IRS Stakeholder Liaison

Description: This session will cover the major tax provisions from the Inflation Reduction Act that affect you and your clients, including Energy and Clean Vehicle Credits. We will also provide an overview of the status of IRS transformation efforts pursuant to IRS Next and the Inflation Reduction Act, including Taxpayer Services, Compliance, Workforce Building, and Information Technology Modernization.

Learning Objectives:

  • Learn about the major tax provisions from the Inflation Reduction Act, including Energy and Clean Vehicle Credits.
  • Understand the status of IRS transformation efforts, including Taxpayer Services, Compliance, Workforce Building, and Information Technology Modernization.
  • Discover the latest updates to Online Services.

Learning Level: Basic

Prerequisites: None

Advance Preparation: None

CE Credit Hours:

  • IRS: 2 hours Federal Tax Law Update
  • CTEC: 2 hours Federal Tax Law Update
  • CFP: 2 hours Tax Planning
  • CPA/NASBA: 2 hours Taxes
  • Attorney/CA Bar MCLE: 1.75 hours Taxation Law
Category
Federal Tax Law Update
Track
Individual
Time
4:30 PM - 6:10 PM
4:30 PM

Tuesday, 20 June 2023

Description

Speaker: Thomas A. Gorczynski, EA, USTCP

Description:

The Inflation Reduction Act created or enhanced dozens of tax credits. This session will review in detail the five credits most likely to be used by the average taxpayer and will provide planning advice in light of the most recent IRS guidance involving these credits.

Learning Objectives:

  • Understand the requirements for a taxpayer to claim the building energy credits (§25C and §25D).
  • Learn the requirements for a taxpayer to claim the vehicle energy credits (§30D, §25E, and §45W).
  • Use tax planning strategies for taxpayers to maximize the use of these tax credits.

Learning Level: Basic

Prerequisites: None

Advance Preparation: None 

CE Credit Hours:

  • IRS: 2 hours Federal Tax Law Update
  • CTEC: 2 hours Federal Tax Law Update
  • CFP: 2 hours Tax Planning
  • CPA/NASBA: 2 hours Taxes
  • Attorney/CA Bar MCLE: 1.75 hours Taxation Law
Category
Federal Tax Law Update
Track
Individual
Time
8:00 AM - 9:40 AM
8:00 AM

Speaker: Darryl Brown, EA, Ph.D.

Description:

This session and materials are critical for anyone who provides services to partners and partnerships. A recent Tax Court case held that the taxpayer could not deduct his distributive share of partnership losses because the taxpayer provided no evidence of basis in his partnership interests. The Courts (and the IRS) take the position that a partner’s basis is zero unless he can substantively prove otherwise.

Using real-life examples, this session will provide a comprehensive analysis of a partner’s outside basis from inception of the partnership including contributions of cash and property, assumption of liabilities, distributions, sales and exchanges, liquidations and redemptions, and the partner’s share of partnership liabilities. The session will culminate with a comprehensive example instructing participants on reconstructing a partner’s outside basis.

Learning Objectives:

  • Calculate the basis upon the contribution of property including the assumption of liabilities.
  • Determine the effect, if any, on basis for distributions, liquidations, and redemptions.
  • Understand how a partner’s basis is affected by the partnership’s liabilities.
  • Utilize IRS and judicial guidance to reconstruct a partner’s outside basis.
  • Evaluate planning opportunities to utilize basis maximally to avoid suspended losses.

Learning Level: Intermediate

Prerequisites: Basic understanding of basis.

Advance Preparation: None 

CE Credit Hours:

  • IRS: 2 hours Federal Tax Law Topics
  • CTEC: 2 hours Federal Tax Law Topics
  • CFP: 2 hours Tax Planning
  • CPA/NASBA: 2 hours Taxes
  • Attorney/CA Bar MCLE: 1.75 hours Taxation Law
Category
Federal Tax Law Topics
Track
Business/Individual
Time
8:00 AM - 9:40 AM
8:00 AM

Speaker: Matt Metras, EA

Description:

This session will take a deeper dive into the complex side of crypto taxation, including mining, staking, forks, airdrops, DeFi swaps, yield farming, liquidity pools, NFTs, gaming, and more. With little to no guidance in these areas, we will discuss existing code sections and how best to apply them to cryptocurrency situations. We will also cover using the blockchain itself to extract transactions and tools that can help in that process.

Learning Objectives:

  • Analyze complex cryptocurrency situations.
  • Understand the language of cryto.
  • Interpret existing IRC and cryptocurrency guidance.
  • Identify situations in need of guidance.
  • Evaluate options for clients where guidance is absent.

Learning Level: Intermediate

Prerequisites: Basic knowledge of crypto and crypto tax treatment.

Advance Preparation: None 

CE Credit Hours:

  • IRS: 2 hours Federal Tax Law Topics
  • CTEC: 2 hours Federal Tax Law Topics
  • CFP: 2 hours Tax Planning
  • CPA/NASBA: 2 hours Taxes
  • Attorney/CA Bar MCLE: 1.75 hours Taxation Law
Category
Federal Tax Law Topics
Track
Individual
Time
10:00 AM - 11:40 AM
10:00 AM

Speaker: Claudia Hill, EA, MBA

Description:

Our aging and affluent clients are challenging us with their use of a variety of trust vehicles. While the most frequent we see is the "living trust", it's important that we gain familiarity with a variety of other trusts, their uses, and their compliance requirements. This Q & A session takes on 20 questions frequently encountered by preparers of 1041s for Trusts. Additional audience questions will be addressed based on time availability.

Learning Objectives:

  • Increase skill level in preparation of trust returns.
  • Gain awareness of various types of trusts and their use.
  • Understand the role of the grantor, fiduciary, beneficiary and return preparer.

Learning Level: Intermediate

Prerequisites: Basic knowledge of Form 1041 return preparation.

Advance Preparation: None 

CE Credit Hours:

  • IRS: 2 hours Federal Tax Law Topics
  • CTEC: 2 hours Federal Tax Law Topics
  • CFP: 2 hours Tax Planning
  • CPA/NASBA: 2 hours Taxes
  • Attorney/CA Bar MCLE: 1.75 hours Taxation Law
Category
Federal Tax Law Topics
Track
Other (Trusts & Estates)
Time
10:00 AM - 11:40 AM
10:00 AM

Speaker: Thomas A. Gorczynski, EA, USTCP

Description:

While as tax practitioners we love what we do, we also want to be fairly compensated for the value we provide. Circular 230 has many provisions that interact with the fees that we charge - some direct, some indirect. This session reviews those provisions and uses case studies to discuss the ethics of actual pricing strategies. You might pick up some practice management ideas along the way!

Learning Objectives:

  • Understand the Circular 230 provisions that directly affect practitioner fees.
  • Dig into the Circular 230 provisions that indirectly affect practitioner fees.
  • Apply Circular 230 provisions to determine the appropriateness of actual pricing structures.

Learning Level: Basic

Prerequisites: None

Advance Preparation: None 

CE Credit Hours:

  • IRS: 2 hours Ethics
  • CTEC: 2 hours Ethics
  • CFP: 0 hours (this is NOT a CFP Board approved Ethics session)
  • CPA/NASBA: 2 hours Behavioral Ethics
  • Attorney/CA Bar MCLE: 1.75 hours Legal Ethics
Category
Ethics
Track
Ethics
Time
1:10 PM - 2:50 PM
1:10 PM

Speaker: Laura A. Strombom, EA, MBA, USTCP

Description:

When is a deduction too much of a deduction? This session will use practical examples to compare different scenarios to determine the best "big picture" tax results for your clients when it comes to depreciation and will compare mileage deduction versus actual expenses for automobiles and related concepts.

Learning Objectives:

  • Investigate possible future outcomes related to varying choices made in the initial year an asset is placed in service.
  • Understand the basic concepts of depreciation.
  • Compare bonus depreciation, Section 179, MACRS and Straight-Line depreciation options.

Learning Level: Basic

Prerequisites: Basic understanding of depreciation concepts.

Advance Preparation: None 

CE Credit Hours:

  • IRS: 2 hours Federal Tax Law Topics
  • CTEC: 2 hours Federal Tax Law Topics
  • CFP: 2 hours Tax Planning
  • CPA/NASBA: 2 hours Taxes
  • Attorney/CA Bar MCLE: 1.75 hours Taxation Law
Category
Federal Tax Law Topics
Track
Business
Individual
Time
1:10 PM - 2:50 PM
1:10 PM

Speaker: Matt Metras, EA

Description:

This session will start with a practical investigation into how to properly report cryptocurrency transactions for taxpayers that don't have 3rd party information returns, as well as those that do. We will review general cryptocurrency taxation and guidance and then apply that knowledge in an interactive exercise. We will take a group of raw crypto transactions, identify the taxable events and reportable income, and populate 1040 with them. We will utilize crypto tax software to create a completed 8949 from source documents.

Learning Objectives:

  • Understand general cryptocurrency taxation.
  • Identify and categorize raw transactions.
  • See how to evaluate positions with unclear guidance.
  • Be able to produce a completed 1040 from raw crypto data both manually and by utilizing software.

Learning Level: Basic

Prerequisites: Basic knowledge of cryptocurrency.

Advance Preparation: None 

CE Credit Hours:

  • IRS: 2 hours Federal Tax Law Topics
  • CTEC: 2 hours Federal Tax Law Topics
  • CFP: 2 hours Tax Planning
  • CPA/NASBA: 2 hours Taxes
  • Attorney/CA Bar MCLE: 1.75 hours Taxation Law
Category
Federal Tax Law Topics
Track
Individual
Time
3:10 PM - 4:50 PM
3:10 PM

Speaker: Darryl Brown, EA, Ph.D.

Description:

While the IRS does not require balance sheets for many business tax returns, a balance sheet can be essential in assisting preparers complete accurate income tax returns. This session will provide a “hands-on” practical understanding of accounting principles including accrual accounting. From transaction analysis to journal entries to the construction of financial reports, participants will learn the accounting cycle with an emphasis on how it works in practice, including the balance sheet.  Whether one starts with a complete set of books and records, or a bank statement, or a “shoe box” of accounting records, one can generally construct a basic balance sheet to complete the picture. 

Learning Objectives:

  • Understand the purpose of bookkeeping and financial reports.
  • Gain a practical understanding of basic accounting principles.
  • Understand how the balance sheet aids in return preparation for business.
  • Enhance knowledge of how business transactions affect accounting as well as tax reporting.
  • Develop skills necessary to construct an opening and closing balance sheet.

Learning Level: Basic

Prerequisites: None

Advance Preparation: None 

CE Credit Hours:

  • IRS: 2 hours Federal Tax Law Topics
  • CTEC: 2 hours Federal Tax Law Topics
  • CFP: 2 hours Tax Planning
  • CPA/NASBA: 2 hours Taxes
  • Attorney/CA Bar MCLE: 1.75 hours Taxation Law
Category
Federal Tax Law Topics
Track
Business
Individual
Representation
Time
3:10 PM - 4:50 PM
3:10 PM

Wednesday, 21 June 2023

Description

Speaker: Thomas A. Gorczynski, EA, USTCP

Description:

The SECURE 2.0 Act of 2022 makes substantial changes to retirement-related tax law. This session will review provisions in the law most applicable to tax professionals serving individuals and small businesses. Topics will include, but not be limited to, changes to RMDs, new and expanded 10% early withdrawal penalty exceptions, increased access to Roth accounts, and new tax credits to incentivize retirement accounts.

Learning Objectives:

  • Learn about the new RMD rules.
  • Understand new 529 rollover provisions.
  • Uncover the major new and modified exceptions to the 10% additional tax for early retirement account withdrawals.

Learning Level: Basic

Prerequisites: None

Advance Preparation: None 

CE Credit Hours:

  • IRS: 2 hours Federal Tax Law Update
  • CTEC: 2 hours Federal Tax Law Update
  • CFP: 2 hours Tax Planning
  • CPA/NASBA: 2 hours Taxes
  • Attorney/CA Bar MCLE: 1.75 hours Taxation Law
Category
Federal Tax Law Update
Track
Individual
Time
8:00 AM - 9:40 AM
8:00 AM

Speaker: Amber Gray-Fenner, EA, NTPI, USTCP

Description:

This session will help tax professionals develop confidence in retirement tax planning using a holistic approach. We will look at retirement planning at all stages of a client's financial life and also take into consideration their financial goals and needs other than retirement. We will also consider the benefits of taking an immediate tax deferral. The session will include recent changes made by SECURE Act 2.0 and how those changes may affect prior and current tax planning.

Learning Objectives:

  • Understand the pros and cons of the types of retirement plans available to individuals (contribution limits, vesting, etc.)
  • Identify milestone events that affect retirement planning.
  • Identify tax and financial issues that affect retirement planning.
  • Understand the tradeoffs between deferral now or deferral later and be able to evaluate those tradeoffs with clients based on their needs and goals.

Learning Level: Basic

Prerequisites: Basic knowledge of types of retirement plans (Traditional & Roth IRA, SEP, Qualified Plans, etc.).

Advance Preparation: None 

CE Credit Hours:

  • IRS: 2 hours Federal Tax Law Topics
  • CTEC: 2 hours Federal Tax Law Topics
  • CFP: 2 hours Tax Planning
  • CPA/NASBA: 2 hours Taxes
  • Attorney/CA Bar MCLE: 1.75 hours Taxation Law
Category
Federal Tax Law Topics
Track
Individual
Time
8:00 AM - 9:40 AM
8:00 AM

Speaker: Marc J. Dombrowski, EA

Description:

Once a new prospective Rep client is in front of you (or on the phone), what details do you need to sign the client? What will the IRS need to bring them into compliance? What is the process in your office? Asking the correct questions to determine the real problem is critical. How do you contact the IRS to get the case started? Who do you speak to at the IRS? Who do you not speak to?

Learning Objectives:

  • Establish an outline of Initial Interview questions to figure out the client's current compliance and past timeline.
  • Understand the importance of compliance in a representation case and impart that knowledge to a client.
  • Learn techniques to secure and perfect a client's financial statement.
  • See how to fill in the proper IRS form 2848 or 8821 for a new rep client.
  • Understand basic IRS Collection Letters to see where the client is in the Collection Process.

Learning Level: Basic

Prerequisites: None

Advance Preparation: None 

CE Credit Hours:

  • IRS: 2 hours Federal Tax Law Topics
  • CTEC: 2 hours Federal Tax Law Topics
  • CFP: 2 hours Tax Planning
  • CPA/NASBA: 2 hours Taxes
  • Attorney/CA Bar MCLE: 1.75 hours Taxation Law
Category
Federal Tax Law Topics
Track
Representation
Time
10:00 AM - 11:40 AM
10:00 AM

Speaker: Michael Tullio, EA

Description:

Tax practitioners should know how to treat their clients’ tax and sales requirements of Employee Stock Purchase Plans and Restricted Stock Units. This is a primer on the terms, differences, and calculations of these employee stocks as well as defining qualifying and disqualifying dispositions and how they affect taxes.

Learning Objectives:

  • Understand the basics of different employee stock plans: Non-Qualified Stock Options (NQSO); Incentive Stock Options (ISO); Restricted Stock Units (RSU); and Employee Stock Purchase Plans (ESPP).
  • Learn key mistakes to avoid when preparing tax returns for clients with employee stock.
  • Be able to explain tax implications for clients with employee stock.

Learning Level: Intermediate

Prerequisites: Understanding of capital gains and losses.

Advance Preparation: None 

CE Credit Hours:

  • IRS: 2 hours Federal Tax Law Topics
  • CTEC: 2 hours Federal Tax Law Topics
  • CFP: 2 hours Tax Planning
  • CPA/NASBA: 2 hours Taxes
  • Attorney/CA Bar MCLE: 1.75 hours Taxation Law
Category
Federal Tax Law Topics
Track
Individual
Time
10:00 AM - 11:40 AM
10:00 AM

Speaker: Thomas A. Gorczynski, EA, USTCP

Description:

Taxpayers who have multiple years of unfiled tax returns are a unique challenge. This session walks through a systemic process to evaluate non-filer cases, develop a strategy, file the missing returns, and manage any resulting refund or balance-due issues.

Learning Objectives:

  • Describe the overall process for the successful resolution of a non-filer case.
  • Determine what tax returns are required to be filed in light of Policy Statement 5-133.
  • List the issues specific to the preparation of delinquent tax returns.

Learning Level: Basic

Prerequisites: Basic knowledge of IRS representation procedures.

Advance Preparation: None 

CE Credit Hours:

  • IRS: 2 hours Federal Tax Law Topics
  • CTEC: 2 hours Federal Tax Law Topics
  • CFP: 2 hours Tax Planning
  • CPA/NASBA: 2 hours Taxes
  • Attorney/CA Bar MCLE: 1.75 hours Taxation Law
Category
Federal Tax Law Topics
Track
Representation
Time
1:10 PM - 2:50 PM
1:10 PM

Speaker: Jane Ryder, EA, CPA

Description:

The new Corporate Transparency Act disclosure compliance will generally be required for any business entities registered in any U.S. state or tribal jurisdiction. It will be filed similar to an FBAR, Form 114, filing and hopefully our business tax software will support this filing. The few exemptions for this new compliance will probably not apply to most of our clients. We'll work through compliance requirements for filing for CTA, including filing deadlines which may cause us some scheduling challenges.

Learning Objectives:

  • Understand which entities will need to file for CTA, and the different filing deadlines.
  • Learn which business events will require reports for changes or corrections.
  • Develop your plan to manage these compliance deadlines for CTA and hear some of the e-filing challenges we are going to encounter.

Learning Level: Basic

Prerequisites: None

Advance Preparation: None 

CE Credit Hours:

  • IRS: 2 hours Federal Tax Law Update
  • CTEC: 2 hours Federal Tax Law Update
  • CFP: 2 hours Tax Planning
  • CPA/NASBA: 2 hours Taxes
  • Attorney/CA Bar MCLE: 1.75 hours Taxation Law
Category
Federal Tax Law Update
Track
Business
Time
1:10 PM - 2:50 PM
1:10 PM

Speaker: Marc J. Dombrowski, EA

Description:

Every Revenue Officer (RO) puts their pants on one leg at a time, just like you do. What rules of engagement do they follow? Can you better position yourself to work successfully with an RO to resolve a case?  There is a time to appeal when resolution can’t be reached.

Learning Objectives:

  • Learn how to interact and negotiate with a Revenue Office (RO) on a Representation case.
  • Understand when and how to set up a payment plan as a resolution with an RO.
  • Learn what to do when you have a disagreement with an RO about resolution.
  • Learn how to appeal an RO’s rejection of a resolution.

Learning Level: Basic

Prerequisites: None

Advance Preparation: None 

CE Credit Hours:

  • IRS: 2 hours Federal Tax Law Topics
  • CTEC: 2 hours Federal Tax Law Topics
  • CFP: 2 hours Tax Planning
  • CPA/NASBA: 2 hours Taxes
  • Attorney/CA Bar MCLE: 1.75 hours Taxation Law
Category
Federal Tax Law Topics
Track
Representation
Time
3:10 PM - 4:50 PM
3:10 PM

Speaker: Claudia Hill, EA, MBA

Description:

Trusts and Estates are different types of entities: Someone has to die for there to be an Estate. Yet Form 1041 is used for reporting income of both Trusts and Estates. Often the rules are not the same for reporting the income and allowable deductions for the two entities. Using a Q & A approach, those differences are highlighted. This Q & A session takes on 20 questions frequently encountered by preparers of 1041s for Estates. Additional audience questions will be addressed based on time availability.

Learning Objectives:

  • Gain knowledge of the differences between trust preparation rules and estate preparation rules.
  • Gain awareness of elections available for use in preparation of estate tax returns.
  • Understand when a trust may elect to be treated as an estate, how to make the election, and the benefits of doing so.
  • Understand the dynamics of working with the various characters involved with an estate: The decedent, the executor, the beneficiaries and the return preparer and their roles.

Learning Level: Intermediate

Prerequisites: Basic knowledge of Form 1041.

Advance Preparation: None 

CE Credit Hours:

  • IRS: 2 hours Federal Tax Law Topics
  • CTEC: 2 hours Federal Tax Law Topics
  • CFP: 2 hours Tax Planning
  • CPA/NASBA: 2 hours Taxes
  • Attorney/CA Bar MCLE: 1.75 hours Taxation Law
Category
Federal Tax Law Topics
Track
Other (Trusts & Estates)
Time
3:10 PM - 4:50 PM
3:10 PM

Thursday, 22 June 2023

Description
Speaker: Karen Brosi, EA, CFP® Description: California tax professionals must really understand two sets of income tax laws: federal and state. With federal tax law on the move, it is crucial to stay abreast of differences to provide sound strategies and advice, including how to properly utilize California's pass-through entity tax election. This session provides a mid-year update of California's income tax rules and rulings, as well as news regarding payroll, property, and sales taxes. Find out early what the FTB, EDD and CDTFA have in store for California taxpayers in 2023. Learning Objectives: Identify new and existing California conformity and nonconformity to federal tax law. Develop tax strategies using California's pass-through entity tax election. Grasp the guidelines and audit issues surrounding residency and nonresidency. Master sourcing of income and apportionment rules. Keep informed of latest payroll, sales and property tax issues. Learning Level: Intermediate Prerequisites: Basic knowledge of Form 1041. Advance Preparation: None  CE Credit Hours: IRS: 0 hours (this is NOT an IRS-approved topic) CTEC: 4 hours California CFP: 4 hours Tax Planning CPA/NASBA: 4 hours Taxes Attorney/CA Bar MCLE: 3.5 hours Taxation Law
Category
California
Track
California
Time
8:00 AM - 11:40 AM
8:00 AM

Speaker:Frank R. Acuña, Esq., Attorney at law

Description: Most ethics courses are taught from the perspective of Circular 230, rules, and regulations. This session focuses on real-world case studies taken from panicked calls received from tax professionals over the past 25 years. Relevant principles, rules, and regulations will be applied to each of the case studies over what will probably be a very spirited discussion!

Learning Objectives:

  • Examine real world situations which invoke ethical issues and conflicts.
  • Review the sources available for ethical rules, regulations and guidance.
  • Discuss and apply ethical rules, regulations, and guidance to case studies and discuss alternative resolutions.
  • Understand how to address requests for information and subpoenas ethically.
  • Discuss provisions which should be considered for your 2023 client retainer letters.

Learning Level: Basic

Prerequisites: None

Advance Preparation: None 

CE Credit Hours:

  • IRS: 2 hours Ethics
  • CTEC: 2 hours Ethics
  • CFP: 0 hours (this is NOT a CFP Board approved Ethics session)
  • CPA/NASBA: 2 hours Behavioral Ethics
  • Attorney/CA Bar MCLE: 1.75 hours Legal Ethics
Category
Ethics
Track
Ethics
Time
8:00 AM - 9:40 AM
8:00 AM

Speaker: Amber Gray-Fenner, EA, NTPI, USTCP

Description:

This session will review the types of innocent spouse relief, the requirements to qualify for relief, and the factors the IRS uses when evaluating relief requests. Emphasis will be given to writing an effective request and completing Form 8857 including "best practice" recommendations. The session will also describe what to expect during the process and next steps if the original request is denied.

Learning Objectives:

  • Distinguish the three bases of innocent spouse relief.
  • Understand the factors that the IRS uses to evaluate innocent spouse applications.
  • Correctly complete Form 8857, Request for Innocent Spouse Relief.
  • Understand the next steps if the initial request is denied.

Learning Level: Intermediate

Prerequisites: Basic knowledge of Form 1040 and IRS administrative procedures.

Advance Preparation: None 

CE Credit Hours:

  • IRS: 2 hours Federal Tax Law Topics
  • CTEC: 2 hours Federal Tax Law Topics
  • CFP: 2 hours Tax Planning
  • CPA/NASBA: 2 hours Taxes
  • Attorney/CA Bar MCLE: 1.75 hours Taxation Law
Category
Federal Tax Law Topics
Track
Individual
Representation
Time
10:00 AM - 11:40 AM
10:00 AM

Speaker: Jane Ryder, EA, CPA

Description:

Mastering K-1 reporting for Form 1040 and S Corp clients is critical due to Increased exposure for business tax compliance. It’s getting more complicated: shareholder and partner basis, loans to and from partners and shareholders, distributions, entity sale or dissolution, QBI, and more. Plus, there is new information related to PTET elections reported on Schedule K-1 and using Schedule K-3 to prepare Form 1116. Also trust K1s and related final year expenses, PTPs, and reporting LLC or partnership K1s received by business entities.

Learning Objectives:

  • Review each type of K-1: S corp, partnership, LLC, PTPs & trusts and where reporting flows to Form 1040.
  • Understand recent K1 changes for S corps, partnerships, & trusts including PTET and how to report items.
  • Master the loss limitations and how to report them for basis, at risk, passives, excess business loss, & §163j.
  • Develop tax planning strategies and best practices to explain these limitations to clients.
  • Learn K-3 for Form 1116. Plus, how to report the sale or abandonment of an interest in a pass-through entity.

Learning Level: Basic

Prerequisites: None

Advance Preparation: None 

CE Credit Hours:

  • IRS: 4 hours Federal Tax Law Topics
  • CTEC: 4 hours Federal Tax Law Topics
  • CFP: 4 hours Tax Planning
  • CPA/NASBA: 4 hours Taxes
  • Attorney/CA Bar MCLE: 3.5 hours Taxation Law
Category
Federal Tax Law Topics
Track
Individual
Time
1:10 PM - 4:50 PM
1:10 PM

Speaker: David M. Woods, EA, USTCP

Description:

This session will teach you how to allocate and apportion business income for all business entities, including individuals. Emphasis will be made on governing principles and laws for sourcing income and how states differ in their approaches. Particular attention will be given to California statute and regulations as well as recent case law governing the topic.

Learning Objectives:

  • Learn and understand fundamentals of income tax sourcing and reporting for businesses.
  • See how to apply different standards to different states.
  • Learn California specific laws as well as opportunities and pitfalls compared to and with other states.

Learning Level: Intermediate

Prerequisites: Basic knowledge of business income required.

Advance Preparation: None 

CE Credit Hours:

  • IRS: 0 hours (this is NOT an IRS-approved topic)
  • CTEC: 2 hours California
  • CFP: 2 hours Tax Planning
  • CPA/NASBA: 2 hours Taxes
  • Attorney/CA Bar MCLE: 1.75 hours Taxation Law
Category
California
Track
California
Time
1:10 PM - 2:50 PM
1:10 PM

Speaker: Karen Brosi, EA, CFP®

Description:

Tax strategies regarding real estate continue to be among our clients' most frequently asked questions. This fast-paced session covers recent law changes, IRS rulings and Tax Court decisions regarding both personal and investment property. We will also cover a host of planning ideas for our clients who own real estate.

Learning Objectives:

  • Clarify proper reporting for online rental activities.
  • Update Section 1031 rules and strategies.
  • Demystify passive activity rules and real estate professional exception.
  • Identify dealer vs. investor treatment of real estate sales.
  • Get current on sale of residence guidelines.

Learning Level: Intermediate

Prerequisites: Basic knowledge of real estate taxation.

Advance Preparation: None 

CE Credit Hours:

  • IRS: 2 hours Federal Tax Law Topics
  • CTEC: 2 hours Federal Tax Law Topics
  • CFP: 2 hours Tax Planning
  • CPA/NASBA: 2 hours Taxes
  • Attorney/CA Bar MCLE: 1.75 hours Taxation Law
Category
Federal Tax Law Topics
Track
Business
Individual
Time
3:10 PM - 4:50 PM
3:10 PM