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

  • 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 ...

  • 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 amazing ...

  • 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. There ...

          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 

Phone: (202) 495-2919
Fax: (202) 403-3871

  • WAA Gear Up Accounting

    Sep 18, 8:00 AM - 4:00 PM (CT)
    The 2017 Gear Up accounting course will cover the new requirements and changes to our practices. We all need to understand and know how to practice with the new level of accounting service allowed entitled “the preparation” which can be issued without the need of an accountant's report!  SSARS no. 21, effective December 2015, established this major change and many other changes to compilations and reviews. 
    Wisconsin Dells, WI, United States

  • MSATP Tax Speaker Business Tax In Depth

    Sep 19 - 20, (ET)

    The business in-depth class is the central reference point manual for preparing business tax returns. Similar to our 1040 class, this course begins with detailed discussions of business tax changes that have occurred during the year, whether from Congress, the IRS or the courts. We then move to business formation issues including tax-free organization and choice of entity decisions. This class then provides an in-depth look at the tax organization, filing and compliance issues for all 3 of the major forms of business entities.

    The discussion of S corporations includes elections, late “S” election, allowed shareholders, basis rules, distributions and accounting issues as well as the use of ESBT’s, QSST’s and the Q-Sub. The “S” discussion provides the forms, elections and statements needed to convert a sole proprietor to an S corporation or to convert an LLC to an S corporation, as well as the guidance needed to convert to a C corporation. The rare 338 step-up election for S corporations is discussed in example form and we also provide the instructions and elections to make a deemed dividend election or to distribute E&P before AAA. We also discuss troublesome operating issues such as officer compensation, debt basis, suspended losses and non-cash distributions.

    The discussion of C corporations provides guidance on tax operating characteristics of the C corporation including accounting methods, choice of year-end, capital losses, net operating losses and a summary of consolidated return rules. Our discussion of C corporate reasonable compensation also includes an analysis of constructive dividend problems and concludes with a review of such problem issues as personal holding companies (PHC), personal service companies (PSC) and the accumulated earnings tax (AET).

    Our LLC/partnership discussion includes organizational income tax elections and definitions and then moves to a completed example Form 1065. We discuss converting an LLC to an S corporation and provide an example election. We then move to operating issues of an LLC such as guaranteed payments, tax-free formation, partner self-employment tax issues, basis, ownership transfers and the sale of a partnership interest. Several case studies illustrated, with tax forms, the effects of a “walk-away” partner as well as the 754 step-up basis election. An in-depth discussion of equity accounts is provided along with detailed analysis of debt basis.

    We also have a case study on late S elections with completed forms and IRS letters, and greatly expanded explanation of our LLC chapter with more coverage and 2 more case studies on LLC terminations including what to do when partners just walk away, and what to do with partners with negative capital accounts.

    This course also includes general business operating issues which this year will include a special new discussion of business tax credits.

    Pikesville, MD, United States

  • Issue Spotting International Issues and How to Handle Them

    Sep 19, 2:00 PM - 4:00 PM (ET)

    The globe is shrinking to where a lot of clients have international issues and may not realize it. Whether your client accidently invested in a PFIC or they receive a K-1 with international reporting requirements, practitioners need to know how to handle these issues, especially since the penalties can be very large for simple mistakes. In this course, we will discuss common international issues that arise for clients and how to properly deal with them. We will also look at common international issues where practitioners need to be asking their clients for additional information.

    Presented by Nicholas Preusch, CPA

    IRS CE: 2 Hours/Federal Tax Law
    NASBA CE: 2 Hours/Taxes

    NSA ConnectED Webinar Series 
    Program Level: Basic
    Prerequisites: None
    Advance Preparation: None
    Delivery Method: Group-Internet Based

    No refunds or exchanges for cancellations. For more information regarding refund, complaint and/or program cancellation policies, please contact NSA toll-free at 800-966-6679.

    United States

  • Who is Really the Innocent Spouse? IRC 6015

    Sep 21, 2:00 PM - 4:00 PM (ET)

    Many times after filing a joint return spouses have opposing views of who should be responsible for a resulting tax obligation when the IRS comes to call. The IRS innocent spouse rules allow more taxpayers to receive relief from joint tax obligations.

    Learning Objectives: 
    Upon successful completion of this webinar, you should be able to:

    • Identify the who, how, and when to file for relief
    • Describe injured spouse relief
    • List the essential procedures and preparation of forms to get relief
    • Determine the clients' appeal options
    • Recognize the latest rules for §6015(f) (equitable relief) and retroactive remedies available
    • Use application of community property rules
    • Apply IRS collection related remedies

    Presented by Robert McKenzie, EA, ESQ 

    IRS CE: 2 Hours/Federal Tax Law
    NASBA CE: 2 Hours/Taxes

    NSA ConnectED Webinar Series 
    Program Level: Basic
    Prerequisites: None
    Advance Preparation: None
    Delivery Method: Group-Internet Based

    No refunds or exchanges for cancellations. For more information regarding refund, complaint and/or program cancellation policies, please contact NSA toll-free at 800-966-6679.

    United States

  • ASA Gear Up Business Entities

    Sep 22, 8:00 AM - 4:30 PM (CT)
    Little Rock, AR, United States

  • NSIA Andy Biebl Farm Seminar

    Sep 22, 8:00 AM - 5:00 PM (CT)
    Kearney, NE, United States