Seating is limited. Register NOW!
NOTE: The on-line posted Registration Rates include a 3% Convenience Fee. To avoid this fee, mail a check or money order along with your registration form to TAA, P.O. Box 332526, Murfreesboro, TN 37133, based on the following criteria:
TAA Member: $350 early/ $410 after October 16
Non-Member: $410 early/ $470 after October 16
This 2020 comprehensive course covers key tax issues for completing complicated individual returns including family return issues, taxpayers with investments, retirement income, the sole proprietor, and business and rental activity owners. Stay current with in-depth coverage of recent legislation, case law developments, and relevant notices, announcements, revenue rulings and procedures. Speakers are all practicing preparers who share practical tips to help you get ready for this tax season. Coverage Includes:
· Filing status, the taxability of alimony payments and changes in the way the kiddie tax is calculated
· The rules of penalty assessment and abatement
· Changes to itemized deductions and determine the numerous credits that are available to taxpayers, both individual and small business including CORONA-19 related credits
· Changes to the education credits and deductions and the rules associated with debt discharge
· Taxation and planning problems associated with social security and Medicare
· The rules of retirement plan accumulation and distribution
· Retirement plan accumulation strategies
· Reporting of interest, dividends, and capital gains
· Tax practice and taxpayer strategies to safeguard confidential taxpayer information
· IRS issues ranging from reorganization to procedural aspects of notices and responding to the IRS
· The basics of reporting Schedule C self-employment income and expenses
· What tax years are retroactively exempt from the IRC Sec. 461(l) loss limitation rules for noncorporate taxpayers
· The CARES Act’s impact on an individual taxpayer’s net operating loss (NOL)
· SBA’s PPP loan forgiveness parameters, including maximum owner-compensation replacement
· Self-employment taxation exclusion applicable to rentals from real estate
· The CARES Act changes to qualified improvement property (QIP)
· 2020 proposed reliance regulations defining real property for purposes of IRC Sec. 1031 tax-free like-kind exchanges
· The qualified business income deduction (QBID) under IRC Sec. 199A
· Limitations on pass-through losses, including outside and at-risk basis, and passive activity loss limitations
· Evaluate impact of Rev. Proc. 2020-23 (affecting partnerships subject to the centralized partnership audit regime rules) on partners and LLC members
· Elections for grouping activities and real estate professionals
· Impact of Tax Extender and Disaster Relief Act of 2019 on deductible personal casualty and theft loss deductions
· 2020 developments for high deductible health plans and HSA contributions
· Taxpayer outcomes in FBAR penalty cases
Seminar Details and Policies:
- Registration 7:30 am; Seminar 8:00 am; morning and afternoon breaks; on-site lunch
- A $40 processing fee will be assessed for cancellations made BEFORE early registration deadlines end.
- NO REFUNDS WILL BE ISSUED AFTER EARLY REGISTRATION ENDS.
This seminar will be held at the UT Conference Center Knoxville, TN
Parking validation will be offered to attendees parking in the Locust Street Garage.
Hotels within close proximity to the Conference Center:
The Hilton Knoxville (865-523-2300), the Hampton Inn & Suites Knoxville-Downtown (865-522-5400), and the Holiday Inn World's Fair Park (865-522-2800) are all within close proximity to the Conference Center.