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2019 IRS Nationwide Tax Forum Seminar Topics
(A) Advanced Seminar
(E) Ethics Seminar*
(T) Federal Tax Law*
(U) Federal Tax Law Updates*
(F) Certified Financial Planner Track (TBD)**
Offered ONE TIME only
Offered TWICE on the same day
Offered THREE times at each location; preregistration required
There are no advanced preparation requirements or prerequisite requirements for the seminars listed below. All seminars presented at the tax forums are "group-live."
*Please follow the notations (T) , (U) and (E) for seminars that qualify for continuing education credit for enrolled agents, certified public accountants and Annual Filing Season Program participants.
**Seminars marked (F) may qualify for continuing education credit for certified financial planners pending review by the Certified Financial Planner Board.
1. 199A Qualified Business Income (QBI): Review and Planning to Maximize the Benefits of QBI on the Form 1040
(U) Last year at the Nationwide Tax Forums we covered "How to Calculate QBI on the 1040." This year with one filling season behind us, we will look at: 1) updating QBI on the 1040 after final and new proposed regulation; 2) how did the QBI worksheets work in our first filing season; 3) planning for our clients after final regulations. This session will focus on how QBI impacts the following with real world examples:
- entity choice;
- flow through adjustment- example 179 expensing;
- 1040 adjustment- example retirement accounts; and
- carryover of QBI losses and other carryovers.
You won't want to miss this session, with the vast array of planning opportunities that 199A presents. Presented by the National Association of Tax Professionals, www.natptax.com.
2. 2019 Tax Changes
(U) (F) This seminar will discuss tax changes for tax year 2019, including how they affect tax forms and publications.
3. Advocating for a Client Who Needs to Correct Errors on a Return or Request an Audit Reconsideration
(T) (F)This session will cover the requirements and procedures for submitting an amended return and remedies available for taxpayers that disagree with the results of an IRS audit. The session will also discuss the IRS Audit Reconsideration process when the taxpayer wants to reduce or eliminate an assessed tax liability, resulting from an audit, as well as, the procedures for requesting a refund for taxpayers who have already paid the amounts assessed from an audit.
4. Advocating for Taxpayers - How the Taxpayer Advocate Service Can Help You and Your Clients
(T) (F) The Taxpayer Advocate Service (TAS) is your voice at the IRS. TAS helps individuals and businesses resolve tax problems with the IRS and recommends administrative and legislative changes to mitigate these problems. This session will provide an overview of when to come to TAS, administrative procedures to request TAS assistance, and discuss practical tips about how to work with TAS and how TAS can facilitate your interactions with the IRS. The session will also discuss TAS's use of Operation Assistance Requests, Taxpayer Assistance Orders, and the Annual Report to Congress as tools to effectively advocate for taxpayers.
5. Advocating for Taxpayers Facing Passport Certification
(T) (F) If taxpayers have a seriously delinquent tax debt, the IRS may certify their debt to the Department of State. Generally, certified taxpayers cannot not be issued a new passport and may be subject to passport revocation. This session will discuss the criteria and timeline for passport certification and decertification, explaining what can exclude taxpayers from being certified and what will qualify them for decertification. It will also discuss how to advocate for taxpayers with an urgent need for a passport or an emergency situation.
6. Another Look at Limited Liability Companies (LLCs) in Light of the Tax Cuts and Jobs Act (TCJA)
(T) (F) (A) Limited Liability Companies (LLCs) are very popular, but they can be very confusing and complicated for tax reporting purposes. The TCJA makes the business entity selection more important than ever, so it is essential that you understand the various tax aspects of the LLC. We will examine the broad range of taxation issues from single member disregarded entities reported on Schedule C, to multiple member LLCs taxed as partnerships or corporations and the elections that are available. Included in this session are real life examples, potential hazards, and resources to help you understand the complexity of taxing the LLC. This session is presented by the National Society of Accountants, www.nsacct.org.
7. Backup Withholding/Employment Tax Implications
(T) (F) This presentation will cover the applicability of backup withholding for payers and payees, including payments subject to backup withholding, notices and filing requirements.
8. Business Interest Expense Deductibility under Section 163(j) - An Introduction and the Related Consequences of the Tax Cuts and Jobs Act (TCJA)
(T) (F) Under amended Section 163(j), the deduction for business interest is limited to the sum of 1) business interest income; 2) 30 percent of the taxpayer's adjusted taxable income for the tax year; and 3) the taxpayer's floor plan financing interest for the tax year. The proposed regulations contain a broad definition of interest expense. This session will cover the basics of the subject, including how these rules are applied to partnerships, S corporations, foreign corporations and their shareholders and foreign persons with effectively connected income. There are many questions still to be answered with forthcoming guidance and this session will provide practitioners tips on when the limitations apply and to whom. Presented by the American Institute of Certified Public Accountants, www.aicpa.org.
9. The Cohan Rule - An IRS Audit Defense Tool
(T) (F) The Taxpayer Advocate has said the Cohan Rule is one of “indulgence”. This session will discuss this judicial doctrine established in 1930, which may permit an allowance for deductions that cannot be fully substantiated. The session will also cover the circumstances where this defense may be used by a taxpayer in an IRS audit to establish deductible expenses using estimates. Attendees will further learn to distinguish situations where the Cohan Rule cannot be used due to strict substantiation rules subsequently legislated by Congress. Presented by the National Association of Enrolled Agents, www.naea.org.
10. Collection Update
(T) (F) This session is an overview of the latest developments in Collection including passports, employment tax compliance, web-based collection services, understanding IRS collection notices and bankruptcy and federal tax debt.
11. Cybersecurity for Tax Professionals
(T) (F) This presentation is designed to raise awareness of the most pressing cyber threats facing small and medium-sized companies. The session will focus on basic cyber hygiene and tips to prevent, protect, mitigate, respond, and remediate cyber incidents. It will include discussion of: cyber opportunities and threats; enterprise risk management and prevention; effective responses to an attack and/or breach; IRS requirements, and laws and regulations governing data security; and security measures to protect personal information. Presented by the American Coalition for Taxpayer Rights, an IRS Security Summit partner, www.irs.gov/securitysummit.
12. Data Compromise Playbook for Tax Practitioners
(T) (F) A Data Compromise Playbook for Tax Professionals was created following the National Institute of Standards and Technology (NIST) framework and IRS Publication 4557, Safeguarding Taxpayer Data: A Guide for Your Business. NIST uses their cyber security framework concepts of identifying, protecting, detecting, responding, and recovering to highlight the critical foundation for establishing an information security program. The Data Compromise Playbook can be used as a guideline for tax professionals to create and/or fortify an information security plan, and create an awareness involving the common vulnerabilities to strengthen tax professionals' information systems against cybercriminals.
13. Dealing with Disasters
(T) (A) This session will address how to report disaster losses, including what losses qualify for disaster relief.
14. Diligence in Practice Before the IRS: Conducting It Timely and Consistently
(E) (F) This seminar will highlight the importance of diligence in tax practice. Handling all aspects of clients' federal tax matters with due diligence is integral to overall compliance with Circular 230. This seminar will discuss Circular 230's explicit duties of due diligence, as well as other provisions in which diligence is an implicit requirement.
15. e-file Identification Number (EFIN) Security Responsibilities
(T) Safeguarding taxpayer data is a top priority for the IRS. This session addresses the security responsibilities of EFIN holders that handle taxpayer data to understand and meet their responsibility to safeguard this information. Will also include a discussion of CAF rules, transcript redaction and Form 4506-T, Request for Transcript of Tax Return changes.
16. Enhancing the Tax Pro Experience 2.0: IRS Resources and "How-tos" for You, Your Clients and Practice
(T) Are you getting IRS information timely? Are you sharing it with your clients promptly and effectively using today's communication tools? Do you know who or where to turn to when you need answers and guidance? The IRS offers lots of resources for tax professionals. Attend this session to learn how to access, use and share just-in-time IRS information, resources and tools. Discover how to constructively address pertinent and significant issues thru available communication channels, programs and resources. We want to interact with you about what's working and what you may need. Tax pros working with the IRS are key to facing and overcoming tax administrative challenges and improving IRS policies, practices and procedures.
17. Foreign Tax Credit
(T) (F) (A) The U.S. taxes its citizens and residents on worldwide income. The primary purpose of the Foreign Tax Credit (FTC) is to mitigate the potential effects of double taxation. This session will discuss the creditability of foreign taxes with respect to treaty rates vs. statutory withholding rates. This includes an in-depth explanation of what the statutory withholding rate is and what the treaty rate is. This session will include examples on how to determine whether a foreign tax is creditable in the context of the statutory withholding rate vs. the treaty rate, as well as how to identify this issue when it arises. The FTC presentation will also contain a discussion on foreign tax redeterminations and their effects on FTC computations. Examples of foreign tax redeterminations in terms of how and when they arise and how the FTC is recomputed will be part of the discussion. Finally, the session will have an overview of the impact of 2017 Tax Cuts and Jobs Act (TCJA) on FTC and the revised Form 1116, Foreign Tax Credit (Individual, Estate, or Trust). This overview will highlight changes to the Form 1116 and the new income categories created by the TCJA.
18. Form 1120-F, U.S. Income Tax Return of a Foreign Corporation
(T) (F) (A) This session will provide the general filing requirements for Form 1120-F, an introduction to basic inbound international tax concepts and review of the Large Business and International Delinquent 1120-F Return Directive, dated February 1, 2018.
19. Fringe Benefits and the S Corporation: The Who, What and How of Reporting
(T) (F) (A) Your clients need to attract and keep a quality workforce, as well as take full advantage of the S corporation entity. Do you feel comfortable discussing employee and shareholder fringe benefits? To assist your clients, it is essential to know how to navigate the numerous and complicated fringe benefit issues for S corporations. The Tax Cuts & Jobs Act (TCJA) imposed new limitations and exclusions. We will examine taxable and non-taxable fringe benefits, when is a shareholder considered an employee, and family attribution rules. We will cover the tax reporting details of the most common benefits: retirement plans, health insurance, life insurance, meals & lodging, company autos, and more. Included in this session are real life examples, scenarios, and resources to keep you in compliance and help your clients make the most of these benefits. This session is presented by the National Society of Accountants, www.nsacct.org.
20. Helping You and Your Clients Steer Clear of the Latest Frauds and Swindles
(T) (F) This course will explore the critical role that tax professionals play in helping to ensure the highest level of ethics and integrity in federal tax administration. Participants will learn how the Treasury Inspector General for Tax Administration (TIGTA) works with tax professionals to address allegations of preparer and IRS employee misconduct. The course will raise awareness of the increasing number of cyber threats targeting tax preparers and their IRS e-Services accounts and the threats posed by IRS impersonation schemes such as the IRS Impersonation Phone Fraud Scam. TIGTA special agents will provide suggestions for how tax professionals can help educate their clients.
21. Identity Theft Victim Assistance: How It Works for You and Your Client
(T) (F) Provide information on the impact of identity theft for individuals and business taxpayers. Learn what to do when your client receives an IRS letter asking them to authenticate their identity.
22. It's 2019: What's Going on in the Ethics Arena in This Post-Tax Cuts and Job Act (TCJA) World?
(E) (F) This session will enable participants to know what to do when tax return preparation and representation issues cross the line and become ethics issues. This session will review the various technical and ethical standards that tax practitioners need to adhere to, including comparing how individual standards address specific topics (i.e. conflicts of interest under Treasury Department Circular No. 230, the AICPA's Code of Professional Conduct and the Statements on Standards for Tax Services, the NAEA's Code of Ethics & Rules of Professional Conduct, etc.). Complexities associated with the TCJA mean tax professionals will have challenging decisions to make and will have to advise their clients on new issues, in some cases before substantial formal guidance has been published. Presented by the American Institute of Certified Public Accountants, www.aicpa.org.
23. Keynote Address
(T) Top IRS executives will discuss current issues affecting tax administration, IRS programs and services, and future agency initiatives.
24. Learn the Facts about IRS Due Diligence Contacts
(T) (F) This seminar will help paid preparers learn more about IRS compliance and educational efforts to assist tax professionals in meeting their due diligence requirements. This session will also include additional training resources and tools available at no charge to participants.
25. One Year Later...Tax Cuts and Jobs Act (TCJA) Due Diligence Update
(E) (F) With one filing season complete under the new law, tax professionals continue to have questions on the effect TCJA legislation has on child tax credit/additional child tax credit/other dependents credit and the head of household filing requirements. This presentation provides information on the due diligence requirements and several complex relationship issues involving credits and filing status. This session will also include additional training resources and tools available at no charge to participants.
26. Payroll Pointers for Filers of Forms W-2/W-3
(T) Designed to provide new and experienced attendees with the information they need to file Forms W-2/W-3 with the Social Security Administration (SSA), this session will feature new material on Employer Correction Request notices that are sent to all employers who submitted W-2's that contain name and social security number combinations that do not match SSA records. Additionally, it will provide attendees with information on how to prevent common reporting errors and how to verify the names and social security numbers of their employees. Presented by the Social Security Administration, www.ssa.gov/employer/.
27. Properly Substantiating the Section 199A Qualified Business Income (QBI) Deduction
(U) (F) (A) This presentation provides tax professionals with information to educate their clients on the importance of understanding what is required for substantiating the Section 199A deduction. The course will discuss the proper substantiation for verifying the deduction and the importance of good record keeping for tax purposes. The course also discusses the definitions of QBI, W-2 wages and adjusted basis of qualified property immediately after acquisition. Topics include:
- reviewing specific line item deductions and information fields;
- the challenges, limitations and opportunities for filing the Schedule C as it relates to the rest of an individual taxpayer's Form 1040;
- addressing audit issues;
- reviewing activities which the IRS may challenge as being a hobby instead of an active trade or business;
- specified service trade or business; and
- how and when revenues and expenses are to be reported.
Presented by the National Society of Tax Professionals, www.nstp.org.
28. Reconstructing Income and Expenses: Representing the Taxpayer Without Adequate Books and Records
(T) (A) In the event of a loss of client records or due to poor recordkeeping, a paid preparer may need to help his client reconstruct the records. The objective of this session is to review the Schedule C and record reconstruction training rules governing taxpayer reconstructions and the best practices for preparer due diligence. Presented by the American Bar Association Section of Taxation, www.americanbar.org/groups/taxation.
29. Retirement Plan Distributions
(T) (F) (A) In this session, you'll learn when you can and when you must take money out of your IRA and retirement plan. Also, the Tax Cuts and Jobs Act (TCJA) and guidance on federally-declared natural disaster areas made several changes to certain distribution options in IRAs and retirement plans. This session will discuss:
- when you can take a distribution from your retirement plan;
- enhanced distribution options in federally-declared disasters areas;
- required minimum distributions from your retirement plan and IRA;
- required distributions to beneficiaries after death; and
- how tax reform affected retirement plans, namely;
- employees that terminate with outstanding plan loans; and
- recharacterizing Roth conversions.
30. Social Security and Self-Employment Tax Obligations Related to U.S. Individuals Working Outside the U.S.
(T) (F) (A) The U.S. taxes its citizens and residents on worldwide income. U.S. citizens and residents working outside the U.S. or in a U.S. territory may also be subject to social security and Medicare taxes or self-employment taxes. This session will discuss the social security and self-employment tax obligations of such individuals, including the effect of Totalization agreements, if applicable. Other topics included in this session are the net investment income tax and the impact of recent tax reform on individuals living and working outside the U.S.
31. Taking Too Much Depreciation?
(U) (F) The Tax Cuts and Jobs Act of 2017 (TCJA) has provided dramatic increases in the ability to expense depreciable business assets under Code Section 179 and bonus depreciation. TCJA also has introduced the qualified business income deduction which rewards profit in contrast to the increased expensing options which reduce profit. These competing provisions provide challenges, as well as opportunities for practitioners when advising their clients. Presented by the National Association of Tax Professionals, www.natptax.com.
32. Tax Cuts and Jobs Act (TCJA): Things Learned During the 2019 Filing Season
(T) (F) This course discusses the experiences realized after applying the provisions that were changed, created, repealed and temporarily suspended as a result of enacting the TCJA. The course will review the winners, the losers, updated forms and challenges encountered. The course will also discuss planning issues and federal tax policy issues dealing with individuals, corporations, partnerships and the underlying investors. At the completion of the course, participants will understand the impact of the changes made by the TCJA and the need to provide more tax planning opportunities for individuals, partnership and corporate clients. Presented by the National Society of Tax Professionals, www.nstp.org.
33. Tax Cuts and Jobs Act (TCJA) Update: Qualified Business Income (QBI) Deduction and Opportunity Zones
(U) (F) (A) This presentation will provide an update on two key provisions of the Tax Cuts and Jobs Act; the qualified business income deduction and opportunity zones. This session will share updated guidance regarding the qualified business income deduction and opportunity zones as it applies to investors in opportunity funds.
34. Tax Security 2.0; The Taxes-Security-Together Checklist
(T) A panel discussion key security issues affecting tax professionals, including requirements that all professional tax preparers create a written data security plan, the signs that you may be a data theft victim and what to do if you are a data theft victim.
35. Tax Treatment of Transactions in Cryptocurrency and IRS Tax Enforcement
(T) (F) (A) This session will discuss what all tax preparers need to know regarding the income tax consequences of owning, trading and investing in cryptocurrency and provide an update on IRS tax enforcement of digital assets. Presented by the American Bar Association Section of Taxation, www.americanbar.org/groups/taxation.
36. Understanding and Combating Return Preparer Fraud – A Combined Effort
(T) The presentation will discuss the following: What is return preparer fraud, identification of return preparer cases for investigation, the investigative approach, sentencing to include extrapolation, and partnering with return preparer community to identify and prevent fraudulent return preparers.
37. Understanding the Circular 230 Disciplinary Process
(E) (A) This seminar is a comprehensive explanation of the disciplinary process from beginning to end, including the procedural rules that apply; sanctions that can be imposed; standards and burdens of proof; and evidence and factors that the OPR considers in pursuing discipline against a tax practitioner and those that are commonly considered in the case decisions. The seminar will incorporate a hypothetical case to illustrate key points.
38. Understanding the Collection Appeals Hearing Process
(T) Appeals will walk through the roles, responsibilities and expectations for a collection hearing. Topics will include what happens once an Appeals Officer is assigned your case – initial contact & hearing options, how to prepare for the hearing, actions during the hearing and post-hearing activities and options. Collection Appeals topics will touch on collection due process, offer in compromise, collection appeals program and trust fund recovery penalty workstreams.
39. Understanding the Examination Appeals Hearing Process
(T) Appeals will walk through the roles, responsibilities and expectations for an examination hearing. Topics will include what happens once an Appeals Officer is assigned your case – initial contact & hearing options, how to prepare for the hearing, actions during the hearing and post-hearing activities and options. Examination Appeals topics will touch on innocent spouse, penalty appeals, international, and docketed and non-docketed cases.
40. What Tax Professionals Should Know About Social Security
(T) The Social Security Administration (SSA) offers online information and services to third parties who do business with the agency. This session will provide an overview of SSA's business services programs, which provide employers access to Social Security's web services and a general understanding of their programs through the agency's secure website. This presentation will also include new information on the upcoming features added to the newly designed my Social Security portal that will help make financial planning easier. Presented by the Social Security Administration, www.ssa.gov.
41. When Does a Rental Generate Qualified Business Income?
(U) (F) (A) It's the question every rental owner wants to know: Is my rental eligible for the 199A deduction? This session will thoroughly discuss rental real estate and the qualified business income deduction, including IRS regulations and notices. You’ll effectively learn how to apply and document the safe harbor rules, and what to do it your client doesn’t meet that safe harbor. Presented by the National Association of Enrolled Agents, www.naea.org.
42. The Who, What, Where and How of ITINs
(T) This session will focus on the who, what, where and how of ITINs. The session will highlight the W-7 process, tax reform changes that impact ITIN holders, and expiring ITINs. The discussion will also include how to prevent W-7 applications from rejecting, the renewal process and how to become an acceptance agent to assist ITIN clients.
43. EO Workshop: Compliance Basics for Charities and Other Tax-Exempt Organizations
(T) (F) (A) This 2-hour workshop includes practical examples and case studies on compliance basics for charities and other non-profits. You'll also have an opportunity to participate in discussions with the IRS instructor and fellow attendees. This workshop has been updated for some basic provisions of the Tax Cuts and Jobs Act (TCJA) that affect tax-exempt organizations. Topics discussed at this year's workshop include:
- the benefits and responsibilities of tax-exempt status;
- an overview of the exemption application process;
- Filing requirements for exempt organizations
- unrelated business income basics;
- meeting public inspection and disclosure requirements;
- avoiding automatic revocation of exempt status; and
- regaining exempt status if you are auto-revoked.