Wisconsin Annual Income Tax Course
THIS COURSE GIVES YOU:
- Lectures on up-to-date tax laws and special topics
- Practical information for your tax practice
- A teaching manual that also serves as an excellent reference during your tax season
NOTE: This course provides the IRS approved education in the following amounts:
- 2 hours of Ethics
- 3 hours of Federal Tax Updates
10 hours of Federal Tax Law
Locations and Dates for 2014
Wednesday November 5 – Thursday November 6, 2014
Oshkosh Convention Center
1 North Main Street
Oshkosh, WI 54903
Monday November 10 - Tuesday November 11, 2014
Holiday Inn & Convention Center
1001 Amber Avenue
Stevens Point, WI 54482
Wednesday November 12 - Thursday November 13, 2014
The Plaza Hotel and Suites
1202 W. Clairemont Ave.
Eau Claire, WI 54701
Monday November 17 - Tuesday November 18, 2014
Olympia Resort and Conference Center
1350 Royale Mile Road
Oconomowoc, WI 53066
Wednesday November 19 – Thursday November 20, 2014
2040 Airport Drive
Green Bay, WI 54313
Monday December 1 – Tuesday December 2, 2014
Crowne Plaza Hotel
6401 South 13th Street
Milwaukee, WI 53221
Wednesday December 3 – Thursday December 4, 2013
Alliant Energy Center Exhibition Hall
1919 Alliant Energy Center Way
Madison, WI 53713
Registration: 7:30 a.m. - 8:30 a.m.
Morning Session: 8:30 a.m. - 12 noon
Lunch: 12 noon – 1:00 p.m.
Afternoon Session: 1:00 p.m. – 5:00 p.m.
Sign in: 7:30 - 8:00
Morning Session: 8:00 a.m. – 12:00 noon
Lunch: 12:00 noon – 1:00 p.m.
Afternoon Session: 1:00 p.m. – 4:30 p.m.
The fee for the 2-day course for 2014 has not been set, but will include materials, refreshments, and meals.
Participants will receive the 2014 Income Tax Workbook authored by Professor Philip E. Harris (University of Wisconsin-Madison) with contributions from tax experts from around the country.
Philip E. Harris, JD; Professor of Agricultural and Applied Economics at UW-Madison; Director, Tax Insight; Author Income Tax Workbook; Author Agricultural Tax Issues; Speaker for 35 years at tax courses in Wisconsin and other states; Consultant for businesses and tax practitioners.
Ken Wundrow, EA; Fourteenth year speaking for Tax insight; taught for H&R block for 8 years; solo practice for 3 years before joining Mennenga Tax and Financial; presenter for several annual seminars; completes 500 returns annually; math teacher for 25 years.
The Internal Revenue Service speakers will be announced.
The Wisconsin Department of Revenue speakers will be announced.
15 hours of credit are available for attending this course which includes 2 hours of ethics. The course qualifies for continuing education credits for IRS Enrolled Agents, Certified Financial Planners, Wisconsin Continuing Legal Education, and the Accreditation Council for Accountancy and Taxation. For specific information regarding continuing education credit hours follow this link.
To register on-line, select the course location from the Registration menu on the left.
To register via mail, go to the Registration Information page for further instructions.
To register by phone or receive a copy of the brochure, contact Tax Insight directly at: (phone) 608-831-1040, (fax) 608-831-1065.
We cannot guarantee on-site registration.
Topics for 2013 (2014 topics yet to be determined):
This chapter covers tax legislation that was enacted late in 2012 and in 2013. It is organized by subject matter to help participants quickly find topics of interest
Affordable Care Act
Several provisions of the Affordable Care Act of 2010 are effective for the first time in 2013 and 2014. This chapter covers the most significant provisions practitioners will encounter in 2013, including:
· The 3.8% net investment income tax
· 0.9% Medicare tax
· Employer credit for low-income employees
· Health care credit for low-income individuals
· Penalty for no health insurance
Rulings and Cases
This chapter summarizes selected rulings and cases that were issued from September 2012 through August 2013 to give participants an update on issues that are being addressed by the IRS and the courts. The rulings and cases are organized under topic headings that match the titles of other chapters. The introduction explains the hierarchy of authority among legislation, cases, and IRS documents.
Individual Taxpayer Issues
This chapter covers several issues tax practitioners encounter when preparing individual income tax returns, including:
· Wages paid to household workers
· Form 8949 reporting for investments
· Savings bonds
· Tax considerations for volunteers and interns
This chapter discusses some of the issues tax practitioners encounter when they prepare returns for clients who operate a business. Topics include:
· New safe harbor for deducting home office expenses
· Single-member 401(k)
· Preparing Form W-2, Wage and Tax Statement
· Summary of domestic production activity deduction
This chapter covers the tax consequences of buying and selling business entities, including partnerships, corporations, and limited liability companies.
This chapter covers issues the IRS targets as key issues for practitioners. It is likely to include the Automated Underreported (CP2000) and soft notices, the Voluntary Classification Settlement Program (VCSP) , and cancellation of debt as an audit issue, with information on the 1099-C, Mortgage Debt Relief Act, etc.
This chapter uses a case-study approach to address common ethical issues, including who is entitled to receive copies of entity returns and other current issues.
This chapter covers some practice issues encountered by tax preparers. Topics are expected to include:
· Records retention
· Consents: to disclose tax return; to use tax return information; to waive conflict of interest
· Abatement of penalties
· Data security
Taxpayers often have choices for claiming tax benefits for education expenses. This chapter discusses the education tax credits, deductions, and exclusions and illustrates the interactions of the rules. It explains the interaction of the kiddie tax and the education provisions. It also includes a discussion of special needs students.
Schedule E (Form 1040) Issues
This chapter covers some of the issues practitioners face when preparing Schedule E (Form 1040) for clients. Topics include:
· Reporting information from Schedules K-1
· Passive activities
· Material participation
This chapter includes a general discussion of what is included in each deduction on Schedule A (Form 1040). Topics include:
· New 10% of AGI floor on medical expenses
· Borrowing expenses
· Casualty losses
· Employee business expenses
Tax Issues in Divorce
Tax law includes some specific rules for taxing property settlements, alimony, and child support. This chapter explains and illustrates those rules, including:
· Filing status
· Dependent exemption deduction
· Allocation of itemized deductions
. Relief from joint liability