September 28, 2020
Jessica Jeane, Director of Public Policy and Communications
Devlin Bennett, Education Manager
The National Society of Accountants (NSA) is pleased to report that its seminar, “Other Income: Taxable or Not” was the single most highly attended out of 30 seminars at the 2020 IRS Nationwide Tax Forum. According to information provided to NSA by the IRS, a total of 7,838 attendees participated in the NSA seminar.
“NSA continues to increase our member value proposition, and this is a really good example of that in action,” said John Rice, CEO. “The materials presented at the IRS Tax Forum were developed as part of our new study guides for the Accreditation Council for Accountancy and Taxation (ACAT) credentials, and as we expand our educational offerings you can expect to see more and more great education coming out of NSA. We know how important education is to the tax and accounting profession, and we are working to provide the best available and in the most accessible ways.”
During NSA’s “Other Income: Taxable or Not?” presentation at the 2020 IRS Nationwide Tax Forum, real life examples, scenarios, and resources were used to examine:
- when a refund, credit, or offset of income taxes received may have to be reported as additional income, and
- the tax treatment of alimony received.
Additionally, the seminar identified how net business income or loss is reported and which types of income and losses are reported on Schedules E and F.
The content for the presentation was created from the Accreditation Council for Accountancy and Taxation (ACAT) preparatory courses. Currently, NSA’s CPE Bonanza is live and will continue through October 2.