Course Information Wisconsin Annual Tax Course

Tax Law Update

The Annual Income Tax Courses for 2018 have been scheduled.  Registration for these courses is open.  Information regarding these courses is contained on this web page.  See the links at the left of the page for further information by subject.

Topics

Topics for 2018:

New Legislation – Business This chapter covers business tax legislation that was enacted by the Tax Cuts and Jobs Act (TCJA). It is organized by code section to help participants quickly find topics of interest and includes:
     A summary of each provision                       
     Cross-references to other chapters to help participants find further information on some of the topics                       
     Effective dates to help participants keep track of when provisions begin and when they expire

New Legislation – Individual This chapter covers individual tax legislation that was enacted by the TCJA. It is organized by code section to help participants quickly find topics of interest and includes:
                        A summary of each provision
                        Cross-references to other chapters to help participants find further information
                        Effective dates to help participants keep track of when provisions begin and when they expire

Rulings and Cases. This chapter summarizes selected rulings and cases that were issued from September 2017 through August 2018 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.

Business Entity Issues TThis chapter discusses current issues in choice of entity and new laws and procedures for tax exempt-entities. Topics include how the TCJA impacts the choice of a business entity, the new exemption application for 501(c)(4) organizations, new rules that allow a 501(c)(3) organization to change its form or place of organization without a new exemption application, and other new developments for tax-exempt entities.

Business Issues This chapter discusses some of the issues that tax practitioners encounter when they prepare returns for clients who have rental property or operate a business. Topics include:
                        Comprehensive examples that illustrate how to maximize the QBI deduction for a business
                        Employee fringe benefits
                        Calculating the QBI deduction for a real estate investor
                        Flow-through of the QBI deduction to partners and S corporation shareholders
                        New rules that impact micro-breweries, wineries, and distilleries

Individual Issues This chapter covers several issues tax practitioners encounter when preparing individual income tax returns, including:

  • The child tax credit and the new tax credit for dependents
  • Tax issues for divorcing spouses, including planning for repeal of the alimony deduction
  • Choice of filing status, and TCJA provisions that may impact how to file
  • Schedule A vs. the standard deduction, including ways to take advantage of charitable and other deductions for the taxpayer who claims the newly increased standard deduction

IRS Issues This chapter covers issues the IRS targets as key issues for practitioners. Topics include:
                        Data security, tax scams, and identity theft
                        Passport revocations or denials for delinquent taxpayers
                        The current-status of the IRS, including a review of the challenges the IRS is facing in trying to implement the new legislation

Payroll and Estimated Tax This chapter reviews payroll withholding requirements from the employer’s perspective and discusses estimated tax payments from the employee’s perspective. It includes information on the new wage withholding rules and updated IRS tools to help ensure the correct amount of withholding and estimated tax.

Retirement and Savings This chapter covers common retirement tax planning and savings issues including:
IRA rollovers, conversions, and recharacterizations
                        Hardship distributions and plan loans
                        New and existing rules for ABLE accounts and Section 529 accounts

Tax Practice This chapter contains important tax practices and procedures, including:
                        When a partnership can and should opt out of the new partnership audit rules
                        IRS liens and levies
                        Collection alternatives such as installment plans and currently not collectible status
                        When the taxpayer owes the IRS interest and when the IRS owes the taxpayer interest
                        Requesting technical advice from the IRS

Ethics This chapter discusses important issues that help practitioners comply with their ethical obligations. Topics include:
                        Due diligence for FBAR reporting, marijuana clients, and claiming refundable credits or head of household status
                        Practice continuation for the sole practitioner (including a sample practice continuation agreement)
                        Best practices for providing tax advice by email
                        Ten case studies that illustrate real-life ethical scenarios

Locations

Locations and dates for 2018 courses

Eau Claire
Dates: Monday October 29 – Tuesday October 30, 2018
Location: The Lismore Hotel
333 Gibson Street
Eau Claire, WI  54701

Phone: 715-835-8888

Milwaukee
Dates: Monday November 12 – Tuesday November 13, 2018
Location: Crowne Plaza Hotel
6401 South 13th Street
Milwaukee, WI 53221

Phone: 414-764-5300 

Oshkosh
Dates: Monday November 26 – Tuesday November 27, 2018
Location: Oshkosh Convention Center
1 North Main Street
Oshkosh, WI 54901

Phone: 920-230-1900

Madison 
Dates: Wednesday November 28 – Thursday November 29, 2018
Madison Marriott West
1313 John Q Hammons Drive
Middleton, WI  53562

Phone: 608-831-2000

Stevens Point 
Dates: Monday December 3 – Tuesday December 4, 2018
Location: Holiday Inn Hotel and Convention Center
1001 Amber Ave.
Stevens Point, WI  54482

Phone:  715-344-0200

Green Bay
Dates: Wednesday December 5 – Thursday December 6, 2018
Location: Radisson Inn
2040 Airport Drive
Green Bay, WI  54313

Phone: 920-494-7300

Pewaukee 
Dates: Monday December 17 – Tuesday December 18, 2018
Location: Country Springs Hotel
2810 Golf Road
Pewaukee, WI  53702

Phone: 262-547-0201

Credits

The following table lists the Continuing Education Credit hours applied for by granting authorities for the 2017 Tax Insight Annual Income Tax Course.

Annual Income Tax Course Continuing Education Credits

 

 Ethics

 Federal Tax Updates

Federal Tax Law 

Tax Law   

IRS Enrolled Agents 

 2

 3

 10

   

IRS Other Tax Return Preparer

 2

 3

 10

   

Wisconsin Office of the Commissioner of Insurance

 

 21

   

 

 141

Wisconsin Continuing Legal Education

 2

   

 14

Certified Financial Planners

     

 16

For IRS Credit:

Tax Insight reports your continuing education credit hours to the IRS if you have provided us with your PTIN (Preparer Tax Identification Number). Credits are determined by your sign-in and sign-out for each segment of the course. Failure to sign in or out for a segment will result in no hours reported for that segment.

For Commissioner of Insurance Credit:

Attendees must sign in each day. This is a separate sign in from the IRS sign-in, and is available at the registration desk.You must attend the entire course to receive credit. The Commissioner of Insurance grants NO credit hours for partial attendance. Tax Insight reports your attendance.
1 NOTE: There will be a $20 fee collected at the Annual Income Tax Courses for attendees wanting the Insurance continuing education credits.

For Certified Financial Planners Credit:

Forms are available at the registration table. You must fill out the form and return it to the registration table. Tax Insight then reports your attendance.

For Wisconsin Continuing Legal Education Credit:

Attorneys are required to report their own attendance.

For Wisconsin CPA Credit:

CPA’s are required to report their own attendance.

Registration by Phone, Mail, or On-line

To register via mail, go to the Registration Information page.

To register by phone or receive a copy of the brochure, contact Tax Insight directly at: (phone) 608-831-1040.

To register on-line, select the course and location from the COURSE REGISTRATION menu in the top banner and follow instructions from there.

We cannot guarantee on-site registration.

Time Schedule

Day One
     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.
 
Day Two
     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.

Materials

Participants will receive the 2018 National Income Tax Workbook produced by the Land Grant University Tax Education Foundation, Inc., with contributions from tax experts from around the country.  They will also receive a searchable CD containing the past few years’ materials.

Fees

The fee for the 2-day course is $305 and will include materials, refreshments, and meals.

NOTE: There will be a $20 fee collected at the Annual Income Tax Courses for attendees wanting the Insurance continuing education credits.

Instructors

 

 

Ken Wundrow, EA, is returning for his 18th year of speaking at our Annual Income Tax Courses.  Ken has served as a tax preparer/planner for 37 years.  He retired from Mennenga Tax and Financial Service in Madison, Wisconsin, where he prepared more than 525 returns annually for his clients.  He was also a Financial Advisor through HD Vest and served as the Financial Manager for Mennenga Tax and Financial Service.  From his 25 years in public education, he is an excellent teacher who draws on his practical tax and financial experience to relate to attendees at our courses.

 

Speaking for her second year, Kristine Tidgren is an attorney and the assistant director for the Center for Agricultural Law & Taxation at Iowa State University, where she speaks and writes frequently on agricultural law and tax matters. Her writing includes an online blog and tax school course materials, including sections of the National Income Tax Workbook.  Kristine enjoys researching and analyzing complex tax issues. She speaks to a number of groups throughout the year regarding current tax topics and is a regular instructor for Iowa’s Federal Income Tax Schools.

 

 

The Internal Revenue Service speaker is to be determined.

The Wisconsin Department of Revenue speakers are to be determined.

Lodging

Please make your own reservations directly with the hotel. We reserved a block of rooms until four weeks before each course.  After that time, rooms are available on a first-request basis.  When making arrangements, indicate you are attending the Tax Insight Course to qualify for a special rate.

For Oshkosh, contact the Oshkosh Premier Waterfront Hotel, 1 North Main St.  855-230-1900

Inclement Weather Policy

In case of inclement weather (determined by the Director of Tax Insight) that does not cause cancellation of the course, you may choose one of the following options:

1) receive a partial refund and have materials mailed to you or
2) transfer to another workshop location on a space available basis for a small fee.

If a course is cancelled by Tax Insight due to inclement weather, you may choose one of the following options.

1) receive a partial refund and have materials mailed to you or
2) receive a full refund

.

Special Accommodations

If you need special accommodations or have special requests, please make note on your registration form.

Tax Deduction for Educational Expenses

Treasury Regulation §1.162-5 permits an income tax deduction for educational expenses undertaken to: (1) maintain or improve skills in one’s employment or other trade or business, or (2) meet express requirements of an employer or a law imposed as a condition for retention of employment, job status, or rate of compensation.

Registration Confirmation

We will send a confirmation letter to you by email when we process your registration which will serve as a receipt for fees paid. If you do not receive a confirmation letter after two weeks, contact Tax Insight at 608 831-1040 (or email: [email protected]) to confirm your registration. Please bring the confirmation letter to your tax course in case there is a question about your registration.

Cancellation Policy

To cancel a registration and receive a refund, you must contact Tax Insight at least 7 days before a scheduled tax course. We deduct a $10 cancellation fee from the amount refunded.  There are no refunds for cancellations less than 7 days before a course.

Transfer Policy

You may transfer to a different location up to 7 days before a course.  There is no transfer fee.

Substitution Policy

There is no charge to substitute another person for an attendee who cannot attend, preferably before the day of the course.

On-site Registration

You may register on-site if space and materials are available.  Please bring a completed registration form with you to speed up the registration process.

Completion Certificate

We will e-mail a Completion Certificate showing the hours you attended to the e-mail address you provide on your registration form.