Program Overview

 

Self-study available until late summer 2021

 

 

 

 

Cybersecurity, Christopher F. Hawthorne, CPCU, CIC

2 IRS Federal Law credits

Discusses types of cyberattacks, duties to safeguard information, and steps that a taxpayer and tax practitioner can take to avoid becoming the victim of a data breach or identity theft. Provides practitioners with information updates and publications to help them minimize security risks and keep compliant with Circular 230.

Department of Revenue, Dana Ackerman et. al.

2 MA credits

Updates on current Massachusetts legislation.

Ethics, IRS Issues, Paul A. Blais, EA

2 IRS Federal Law credits
LGUTEF Chapter 2

Understand due diligence requirements of EIC, and material participation. Recognize potential preparer penalty situations. Ethically make referrals. Create an electronic document retention plan.

Financial Distress, Les Marti, EA

2 IRS Federal Law credits
LGUTEF Chapter TBA

Explain the tax consequences of a foreclosure, and how to report cancellation of debt income or exclude it, including the reduction of tax attributes. Understand 1099-A and 1099-C and report that information. Understand business bad debt.

IRS Updates with Stakeholder Liaison Odette Turenne

2 IRS Federal Law credits

Understand completion of W-4. Perform withholding check up. Gig worker, and virtual currency tax issues. Recognize potential tax scams, and implementation of cybersecurity policies and procedures. Requesting a tax transcript.

New & Expiring Legislation & Stimulus/COVID Update, Cheryl A. Morse, EA

2 IRS Federal Law credits
LGUTEF Chapters 13, 16

Be able to advise clients about law enacted or changed in 2019 and 2020. Indentify individual and business income tax exclusions, deductions, and credits that expired in 2018 and 2019; provisions that are available for 2020 tax returns under current law; and exclusions, deductions, and credits which will expiring.

Qualified Business Income (QBI) & Business Entity Issues, John Warren, EA

2 IRS Federal Law credits
LGUTEF Chapters 3, 6

Calculate the deduction. Understand the deduction limitation, and aggregation of businesses. Calculate QBI losses. Report pass through information for deduction. Understand the qualification for rental property. Understand partnership basis, and built in gains reporting. Understand tax exempt requirements, qualifications, unrelated business income and tax issues. 

Retirement & Investment Issues, Kelly Lent-Paul EA, CFP, MBA

2 IRS Federal Law credits
LGUTEF Chapter 8

RMD requirements, IRA beneficiary designations, penalty free early distributions, QCD; reporting investment income. COVID retirement plan relief. Understand and allocate EIC, CTC and dependent credits, HOH and child and dependent credit. Reconcile advance PTC. Understand education credits and deductions.

Rulings & Cases, George Barresi, EA

2 IRS Federal Law credits

Summarize relevant 2020 case rulings and cases that affirm, interpret, modify, and create tax laws. Understand medical costs, COVID relief for HSAs, cafeteria plans and FSAs. Requirements for personal or business casualty loss; and calculate the loss or gain. Disaster relief provisions.

S Corporations Tax Issues, Chuck Stephens, CPA

2 IRS Federal Law credits
LGUTEF Chapter 4

Entity classification elections, defaults, and eligibility requirements. Calculation of shareholder basis and debt basis. Understand the consequences of dividend distributions and non-dividend distributions.

Trusts & Estates Intensive, Paul Bernstein, Attorney-at-Law and Allen J. Margulis, JD MST

4 IRS Federal Law credits
LGUTEF Chapter 12

Recognize a gift, the annual exclusion, and the basis of the gift. Understand the benefit of the increased estate exclusion. Recognize the different type of trusts and reporting of income.

Webinar Requirements

Equipment

Participants will require a laptop and adequate speed, reliable internet connection.

Software

Participants will be required to download the free Zoom app, and test the software before beginning the seminar.

Attendance

Participants' attendance will be tracked virtually, through the Zoom app, and a code response system. Turning off the webinar, disconnection, failure to respond to the code, or any other lapse will result in loss of credits. However, any missed credits may be made up by taking self-study in the topic.

Self-study

Participants will be required to pass a short quiz in order to receive credits.

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In-Person Events (n/a 2020)

Electronic communications

Participants will be asked to put cell phones on mute. In consideration of your fellow attendees and for your own privacy, we request that all cell phone conversations take place outside of the classroom and foyer setting. No Audio- or Video-taping allowed during our program sessions. No camera usage.

Room temperature

Satisfactory meeting room temperatures are difficult to maintain and meeting all personal preferences impossible to achieve. With this in mind, we suggest that you dress in layers to ensure your personal comfort.

Special accommodations

If you require an accommodation or assistance, please contact the tax school office at (413)545-5715 as far as possible in advance of the seminar session you will be attending.

Session materials

TBD in COVID modifications

 

Program Materials are ©2020Land Grant University Tax Education Foundation. All rights reserved.