2012 IRS Tax Forums


Meet NSA's 2012 Tax Forum Speakers 
                           Tina Lee 
Robert Cross PA, ABA, ATA   Gene Bell  EA, CFP, ATP     Kathy Hettick EA, ABA, ATP   Tina Lee EA,ABA,ATP,ARA                                                                                             
      

Session Topics: 

The New Schedule D – In the Real World!
Tuesday, 3:50-4:40pm; Wednesday 3:10-4:00pm
The Schedule D got a major face lift this year and a companion Form as well. The Hot Issues are; “Basis”? What’s with the “Form 8949”? “Covered vs. Not Covered” – How do I read that Form 1099-B? Getting it right when the Form 1099-B is wrong. When do I need to file the Schedule D? Do I have to “list” every transaction and trade; can I submit a summary? What about the “Adjustment Codes”? In this session we will present scenarios, resources and the questions you need to ask so you can be confident when you file the New Schedule D and Form 8949 in the real world of your practice.
 
The New Schedule E – In the Real World!
Wednesday 9:05-9:55am; Thursday 10:10-11:00am
The Schedule E has had a major facelift in 2011. Hot issues are “Self-Rental”, “Vacation/Short-Term Rental” and “disclosing Form 1099”.  Do you file for a client with a “Qualified Joint Venture”? The old Schedule E was challenging enough. Are you covering all the details or letting your software do the work? In this session we will present the scenarios, resources and court cases that you need to understand so you can file the New Schedule E in the real world of your practice.

2012 Circular 230 NSA Panelists

     
Orlando & Las Vegas
John G. Ams
NSA Executive Vice President


  New York City
Paul Thompson, EA, ABA, ATA, ARA


IRS Tax Forum Blog

  • Gene Bell

    Taxes & the Windy City: Chicago IRS Tax Forum

    Well here I am in San Jose, CA waiting on a flight to Chicago so that I can meet up with Tina Lee and present at the IRS Nationwide Tax Forum being held there Tuesday through Thursday August 21- 23. If you haven’t registered yet you may still register...

  • Kathy Hettick

    6500 Tax Practitioners Together in Vegas!

    There is nothing quite like Vegas! Every year it is simply amazing to see all the people, young and old, from all over the world wondering the streets, seeing the sites, the shows, and of course, spending time in the casinos. What is even more...

  • Gene Bell

    What Happens in Vegas: IRS Tax Forum Recap

    Well, here I am at 37,000 feet flying home and I am hoping that the tired adage of "what happens in Vegas; stays in Vegas" does not hold true for the thousands of attendees of the IRS Nationwide Tax Forum that just concluded in Las Vegas, Nevada....

          Highlights from the 2011 Tax Forums



  • - Stay in the know about contests & special events
NSA members get $10 off 2012 Tax Forum preregistration rates. 

Code: $10OFF+NSA+2012 

Questions? 
Phone: (202) 495-2919
Fax: (202) 403-3871
  1. ASA - Compilation and Review Seminar presented by Jennings Seminars - Little Rock

    Jul 30 - 31

    Little Rock
  2. IAAI - Small Firm Accounting Seminar

    Aug 4, 8:00 AM - 4:00 PM (CT)

    August 4    8am – 4pm

    Small Firm Accounting Seminar

    Bill Leonard - 8 CPE Accounting

    Eastland Suites & Conference Center

    1801 Eastland Drive, Bloomington, IL 61704

    Hotel Reservations:  (309) 662-0000

    Bloomington
  3. IAAI - Affordable Care Act Seminar

    Aug 5, 8:30 AM - 4:30 PM (CT)
    Bloomington, IL, United States
  4. PASC - Corporations, Partnerships & LLC’s-Grand Junction

    Aug 18 - 19

    Corporations, Partnerships & LLC’s - 16 hours CPE
    NCPE Speakers David Mellem and Wayne Hebert
    Grand Junction August 18-19, 2014 Monday and Tuesday

    Grand Junction
  5. NSA EA Exam Review Course: Part 1

    Aug 18, 8:30 AM - 5:00 PM (ET)

    Monday, August 18 • 8:30am - 5:00pm

    EA Exam Review Course: Part 1

    NSA Enrolled Agent Exam Review Course

    August 18-20, 2014
    Baltimore, MD

    Monday, August 18:       Part 1: Individuals

    Tuesday, August 19:      Part 2: Businesses

    Wednesday, August 20:  AM: Part 2 continued  PM: Part 3: Representation, Practices and Procedures 

    IRS CPE: up to 10 hours/Federal Tax (non EAs)
    NASBA CPE: up to 24 hours/Taxes

    Have you finally decided to buckle down and sit for the Enrolled Agent Exam?

    Do you want to command higher fees and authorization to practice and represent your clients before the IRS?

    Are you looking for the perfect staff training vehicle, the equivalent of tax boot camp that will get your new hires immediately up to speed on all facets of tax law? 

    Then, we have the perfect course for you . . .

    Pass the IRS Special Enrollment Exam the first time with NSA’s Enrolled Agent Exam Review Course in Baltimore this summer.

    The 24-hour course is a comprehensive and intensive—and we mean intensive—review geared toward a single purpose: to help you master tax basics and pass the EA Exam. 

    Detailed study notes will be provided for each topic, including figures and charts that prove the old adage that “. . . a picture is worth a thousand words.” 

    Hundreds of past exam questions from the open-exam era and many more potential questions on newer topics are incorporated and each is reviewed in class so the real exam itself will look like an old friend.  Study tips, tricks and shortcuts are a staple of this course. 

    Sign up and you’ll also receive:

    • The 3-Volume NSA Enrolled Agent Review Course in print in online and PDF formats
    • Detailed handouts, notes, examples, illustrations to follow the course step-by-step
    • 18 (6 per part) detailed study lessons and review questions to help you master each section of the materials
    • Proven exam taking tips, tricks and strategy guides with tips for passing each part of the exam
    • Top 150 questions per part—essential questions on topics that you will absolutely need to master
    • Interactive online review and practice questions with explanations and analysis
    • Final Review Cards—super summaries for each part of the exam—the perfect last-minute memory-jogger to review immediately before the exam
    • Weekly study guide with detailed assignments and time allocations
    • Comprehensive study aids that summarize the tax law related to a particular subject. These aids should prove valuable in last-minute reviews prior to the exam
    • Access to an online EA study community to post your questions and comments, respond to other commenters, and interact with the presenters. Bonus! Get access to even more sample questions and study tips
    • A complete sample EA exam to help you gauge your progress prior to taking the exam

        Presented by John Everett, CPA, PhD and Bill Duncan, CPA, PhD

        Course Level: Intermediate - No Prerequisites Required.

        Full Course-All 3 Parts:
        _____NSA Member Discount Rate: $595

        _____Nonmember: $699

        Part 1:

        _____NSA Member Discount Rate: $215

        _____Nonmember: $250

        Part 2:

        _____NSA Member Discount Rate: $329

        _____Nonmember: $375

        Part 3:

        _____NSA Member Discount Rate: $115

        _____Nonmember: $150

         

        Part 1 Individuals Learning Objectives:

        • Identify the overall format for computing tax liability, including the key components of gross income, deductions for and from adjusted gross income, tax liability, and prepayments and credits
        • Determine qualifying exemption deductions, standard deductions, filing status, and requirements to file
        • Recognize special gross income and related exclusion rules for a variety of sources of income, including salaries and wages, fringe benefits, dividends, interest, rents, annuities and social security
        • Apply the special deduction rules for passive losses, alimony, and other expenses allowed as deductions for adjusted gross income
        • Identify the major categories of itemized deductions and related limitations
        • Identify capital assets and apply the basic netting rules for capital gains and losses
        • Calculate recognized gain or loss and basis on various sales or exchanges of personal and investment properties, including installment sales
        • Review and apply the basic rules for refundable and nonrefundable personal credits
        • Recognize special issues and computations related to estimated taxes, the alternative minimum tax, and the allocable parental tax
        • Understand the qualifications for contributions to Individual Retirement Accounts and possible limits and/or restrictions on related deductions
        • Identify the key components of the federal estate tax and gift tax in determining federal transfer tax liabilities
        • Recognize key issues in gathering taxpayer data, preparing returns, and advising taxpayers as to various tax minimization strategies

        Speakers

        William Duncan, CPA, PhD

        William A. Duncan, Ph.D., CPA, is an Associate Professor of Accounting at Arizona State University.  Dr. Duncan was formerly a Director with Ernst & Young where he guided tax education for the firm.  He is the author or co-author of three textbooks and has published a number of articles on a variety of tax topics in publications ranging from Taxes and The CPA Journal to the Journal of the American Taxation Association.  He has taught in the AICPA National Tax Education program... 

        John O. Everett, CPA, Ph.D

        John O. Everett, CPA, Ph.D., is Professor of Accounting at Virginia Commonwealth University in Richmond, VA. John’s teaching specialty is federal taxation. | | He has authored or co-authored over 90 articles in academic and professional journals and is the coauthor of several textbooks, including CCH Practical Guide to Schedule M-3 Compliance, The HBJ Federal Tax Course, Income Tax Fundamentals, and Tax Planning With the Computer. John, Cherie Hennig, and Nancy Nichols recently... 

        Baltimore, MD, United States
      • NSA EA Exam Review Course: Part 2

        Aug 19, 8:30 AM - 5:00 PM (ET)

        Tuesday, August 19 • 8:30am - 5:00pm
        EA Exam Review Course: Part 2
        Pass the Enrolled Agent (SEE) Exam!

        NSA Enrolled Agent Exam Review Course
        August 18-20, 2014
        Baltimore, MD

        Monday, August 18:       Part 1: Individuals

        Tuesday, August 19:      Part 2: Businesses

        Wednesday, August 20:  AM: Part 2 continued  PM: Part 3: Representation, Practices and Procedures

        IRS CPE: up to 10 hours/Federal Tax (non EAs)
        NASBA CPE: up to 24 hours/Taxes

        Have you finally decided to buckle down and sit for the Enrolled Agent Exam?

        Do you want to command higher fees and authorization to practice and represent your clients before the IRS?

        Are you looking for the perfect staff training vehicle, the equivalent of tax boot camp that will get your new hires immediately up to speed on all facets of tax law? 

        Then, we have the perfect course for you . . .

        Pass the IRS Special Enrollment Exam the first time with NSA’s Enrolled Agent Exam Review Course in Baltimore this summer.

        The 24-hour course is a comprehensive and intensive—and we mean intensive—review geared toward a single purpose: to help you master tax basics and pass the EA Exam. 

        Detailed study notes will be provided for each topic, including figures and charts that prove the old adage that “. . . a picture is worth a thousand words.” 

        Hundreds of past exam questions from the open-exam era and many more potential questions on newer topics are incorporated and each is reviewed in class so the real exam itself will look like an old friend.  Study tips, tricks and shortcuts are a staple of this course. 

        Sign up and you’ll also receive:

        • The 3-Volume NSA Enrolled Agent Review Course in online and PDF formats
        • Detailed handouts, notes, examples, illustrations to follow the course step-by-step
        • 18 (6 per part) detailed study lessons and review questions to help you master each section of the materials
        • Proven exam taking tips, tricks and strategy guides with tips for passing each part of the exam
        • Top 150 questions per part—essential questions on topics that you will absolutely need to master
        • Interactive online review and practice questions with explanations and analysis
        • Final Review Cards—super summaries for each part of the exam—the perfect last-minute memory-jogger to review immediately before the exam
        • Weekly study guide with detailed assignments and time allocations
        • Comprehensive study aids that summarize the tax law related to a particular subject. These aids should prove valuable in last-minute reviews prior to the exam
        • Access to an online EA study community to post your questions and comments, respond to other commenters, and interact with the presenters. Bonus! Get access to even more sample questions and study tips
        • A complete sample EA exam to help you gauge your progress prior to taking the exam

        Presented by John Everett, CPA, PhD and Bill Duncan, CPA, PhD

        Course Level: Intermediate - No Prerequisites Required.

        Full Course-All 3 Parts:
        _____NSA Member Discount Rate: $595

        _____Nonmember: $699

        Part 1:

        _____NSA Member Discount Rate: $215

        _____Nonmember: $250

        Part 2:

        _____NSA Member Discount Rate: $329

        _____Nonmember: $375

        Part 3:

        _____NSA Member Discount Rate: $115

        _____Nonmember: $150


        Part 2 Businesses Learning Objectives:

        • Distinguish accounting periods and methods for businesses, and apply special tax rules related to farm income, prepaid income, inventories, and bad debts
        • Identify asset classifications, recovery methods, and recovery periods under the MACRS system, and apply special rules related to bonus depreciation and Sec. 179 deductions
        • Recognize the key requirements and components of amortization and depletion deductions
        • Identify special deduction limits applicable to such business expenses as travel and entertainment, net operating losses, casualty losses, and business retirement plans
        • Recognize potential business credits, self-employment tax issues, and excise taxes
        • Calculate gain or loss on the sale or exchange of business properties, with special emphasis on Sec. 1231 transactions and depreciation recaptures
        • Identify tax and basis issues in forming a partnership and selecting the partnership tax year and accounting method
        • Calculate partnership ordinary income, specially allocated items, guaranteed payments, and allocate these items to partners
        • Describe the tax consequences of non-liquidating and liquidating distributions of partnership cash and property, as well as sales of a partnership interest
        • Identify the basic requirements of Sec. 351 controlled transfers to corporations, and calculate recognized gain and basis for such contributions
        • Recognize special issues related to the calculation of corporate capital gains and losses, charitable contributions, dividends received deductions, and alternative minimum tax
        • Understand Schedules M-1 and M-3, and reconcile book and taxable income for a corporation
        • Determine a corporation’s earnings and profits, and calculate the tax effects to the corporation and shareholders of liquidating and non-liquidating distributions
        • Describe the requirements for electing S Corporation status, and identify special taxes and possible issues related to terminating the S election
        • Calculate S corporation income and loss allocations to shareholders, distribution issues, and basis rules
        • Identify key issues related to filing a decedent’s final income tax return
        • Describe estate and trust income tax entities, and determine the taxable income of such entities and allocation of such income between the entity and the beneficiaries
        • Describe the requirements for tax-exempt status under the Code, and determine any filing requirements for such entities
        • Identify key issues and planning opportunities in advising the business taxpayer, with special emphasis on choice of business entity
        Speakers

        William Duncan, CPA, PhD

        William A. Duncan, Ph.D., CPA, is an Associate Professor of Accounting at Arizona State University.  Dr. Duncan was formerly a Director with Ernst & Young where he guided tax education for the firm.  He is the author or co-author of three textbooks and has published a number of articles on a variety of tax topics in publications ranging from Taxes and The CPA Journal to the Journal of the American Taxation Association.  He has taught in the AICPA National Tax Education program... 
        Read More →

        John O. Everett, CPA, Ph.D

        John O. Everett, CPA, Ph.D., is Professor of Accounting at Virginia Commonwealth University in Richmond, VA. John’s teaching specialty is federal taxation. | | He has authored or co-authored over 90 articles in academic and professional journals and is the coauthor of several textbooks, including CCH Practical Guide to Schedule M-3 Compliance, The HBJ Federal Tax Course, Income Tax Fundamentals, and Tax Planning With the Computer. John, Cherie Hennig, and Nancy Nichols recently... 
        Read More →

        Tuesday August 19, 2014 8:30am - 5:00pm 
        Hyatt Regency Baltimore Inner Harbor

        Baltimore, MD, United States