Wisconsin Annual Income Tax Course

NEW!  Schedule for 2015.

  • 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:

  1. 2 hours of Ethics
  2. 3 hours of Federal Tax Updates
  3. 10 hours of Federal Tax Law

Locations and Dates for 2015

Tuesday November 3 – Wednesday November 4, 2015
Oshkosh Convention Center
1 North Main Street
Oshkosh, WI 54903
Phone: 920-424-1330
Stevens Point
Monday November 9 - Tuesday November 10, 2015
Holiday Inn & Convention Center
1001 Amber Avenue
Stevens Point, WI 54482
Phone: 715-344-0200
Eau Claire
Wednesday November 11 - Thursday November 12, 2015
The Plaza Hotel and Suites
1202 W. Clairemont Ave.
Eau Claire, WI  54701
Phone: 715-834-3181

Monday November 16 - Tuesday November 17, 2015
Olympia Resort and Conference Center
1350 Royale Mile Road
Oconomowoc, WI  53066
Phone:  262-369-4999
Green Bay
Wednesday November 18 – Thursday November 19, 2015
Radisson Inn
2040 Airport Drive
Green Bay, WI  54313
Phone:  920-494-7300
Monday November 30 – Tuesday December 1, 2015

Crowne Plaza Hotel
6401 South 13th Street
Milwaukee, WI 53221
Phone: 414-764-5300 

Wednesday December 2 – Thursday December 3, 2015

Alliant Energy Center Exhibition Hall
1919 Alliant Energy Center Way
Madison, WI  53713
Phone: 608-267-3976
     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.

The fee for the 2-day course for 2015 has not been determined yet but will include materials, refreshments, and meals.

Participants will receive the 2015 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; Fifteenth 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, 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 2015 have not been determined yet.  Topics for 2014 were:
New Legislation
This chapter covers tax legislation that was enacted late in 2013 and in 2014. It is organized by subject matter to help participants quickly find topics of interest and includes:
·         A brief summary of each provision
·         Cross-references to other chapters to help participants find further information on some of the topics
·         A table of effective dates to help participants keep track of when provisions expire
Affordable Care Act
This chapter covers the Affordable Care Act mandates for health insurance in two sections. One section covers the individual mandate and another covers the mandate for employers. The chapter covers the tax practitioner’s role in implementing these mandates.
Net Investment Income Tax
This chapter explains and illustrates the net investment income tax (NIIT) rules, including reporting net investment income to and from Schedules K-1.
Individual Taxpayer Issues
This chapter covers several issues tax practitioners encounter when preparing individual income tax returns, including:
·      Tax issues for parents of disabled children
·      Hobbies
·      Dealing with identity theft
·      Portability of the estate tax exemption equivalent
Business Issues
This chapter discusses some of the issues tax practitioners encounter when they prepare returns for clients who operate a business. Topics include:
·      Uniform capitalization rules under I.R.C. § 263A
·      Per diem rules
·      Automobiles
·      Amending and making late elections
·      Startup expenses
·      Correcting depreciation errors
·      Method of accounting  
Business Entities
This chapter compares the choices of treating a single member LLC as a disregarded entity or as an S corporation. Issues include making the S election, the need for adequate compensation, gifting shares to family members, and terminating the S election.
IRS Issues
This chapter covers issues the IRS targets as key issues for practitioners. Topics include employment tax issues, audit reconsideration, and collection issues.
This chapter discusses what tax practitioners can and should do, in light of the Circular 230 rules that tell practitioners what they cannot do.
Tax Practice
This chapter covers some practice issues encountered by tax preparers. Topics are expected to include:
·         Working with incomplete records
·         Pros and cons of extending the statute of limitations
·         What triggers an audit
·         Power of attorney issues
·         Reporting tax practitioner misconduct
This chapter covers common retirement tax issues including:
·         myRA accounts
·         Inherited IRAs
·         IRA rollover tax law changes
·         Taxable social security benefits
·         One-participant 401(k) plans
Form 4797
This chapter explains and illustrates the use of Form 4797 for reporting certain property transactions. Topics include:
·         I.R.C. § 1231 treatment
·         Casualty gains and losses
·         Depreciation recapture
·         Installment sales
·         Recapture of IRC § 179 deductions
Repair and Capitalization Regulations
This chapter explains how the repair and capitalization regulations affect small and large businesses differently. Topics include:
·         When Form 3115 is not required for changes made by a small business
·         Why does “unit of property” matter?
·         Rental property
Fiduciary Tax Issues
This chapter illustrates the income tax rules for estates with an example of a simple estate. It covers issues such as income distribution, income in respect of a decedent, and basis of assets.