2nd Annual Midwest mEAyhem

(Joint WSEA & MNSEA) 

Join us for 15 hours of great CE w/ 1 additional hr for NAEA credit, presented by John Sheeley, EA.

•  NAEA member 1 day    $175 (after Sept 3rd add $50)
•  NAEA member 2 days  $325 (after Sept 3rd add $50)
•  Non Member 1 day   $225 (after Sept 3rd add $50)
•  Non Member 2 days     $375 (after Sept 3rd add $50)

DAY 1 September 18th

Basics of Marijuana Taxation (4CE) –  This course explains to the experience practitioner the strange set of legal circumstances that surround federal and state tax compliance in the legal marijuana industry.  The course then addresses practitioner concerns about representing these clients.  Students will leave with a firm understanding of the basics. 

Identity Theft – 2017 update (2CE)-  This course offers a survey of identity theft and the impact on all facets of our financial lives and specifically to individual income tax return filings.  It also covers the importance of protecting clients’ financial data and by extension their identities.  The course concludes with information on how the Service is currently resolving identity theft cases, and how practitioners can assist their clients through this process.  

The Paperless Office (1 IRS CE, 1 NAEA CPE)-  What are the consideration for equipment, policy and procedures in setting up a paperless work environment?  Without emphasis on proprietary software, we discuss setting up an infrastructure on your server to operate without paper files cluttering up your office.  Presentation of survey data for offices.

 Optional Evening Meeting September 18th

19 Things Your Engagement Letter Needs (0CE)-  This course discusses implementing engagement letters in a tax practice.  We also discuss the 19 clauses the author feels should be in most engagement letters.  Office policies including client disengagement are presented. 

 

Day 2 September 19^th

 

Schedule E Beyond the Basics (2 CE)-  This course looks at the larger issues around Schedule E – including which activities do, and do not, belong on Schedule E.  the receipt of rental income does not make the activity a rental.  Discussion will focus on whether an activity is for profit or not, and whether it is a Schedule C, E, F or even line 21 activity.  We will also analyze conversions or real property activities between primary, vacation and rental property and subsequent ‘conversion back’.  We will analyze the appropriateness of IRC 121 when the use during the ownership period has changed. 

Tax court cases of 2017 and 2016 which you Missed (and why they are important to your practice) (2CE)-  Client situations often make a Tax Court case a fun read.  Each year a number of cases pass through the courts which affect either our clients or our practices.  This course will analyze 6-8 recent cases and review their impact.

Nuts and Bolts of Representation (2CE)-  The office presently handles 50+ IRS field examinations.  This gives me insight into various evolving trends in IRS examinations.  This course is designed for the tax professional new to representation, including new enrolled agents and CPAs, and new staff members at existing firms.  This course is also helpful to AFSP participants who have limited representation rights for the tax returns they prepare.  Completion of the course will give the attendee the tools to deal with the IRS with respect to: simple installment agreements (streamlined), more complex agreements requiring forms 433A/B/F and the necessary calculations, and responses to basic IRS examination notices.

Foul-Ups Bleeps and Blunders with Self-Directed IRAs (2CE)-  The internet and program promoters can lead unwary taxpayers down a perilous path.  While a self-directed IRA is completely legal and can often makes sense in a taxpayer’s overall tax and financial plan, it is too easy to make a misstep through a prohibited transaction which makes the entire IRA taxable, in some cases years before detection (see Peek v. Commissioner for an extreme case).  Through court cases and other real life examples, the tax practitioner will learn what clients can, and cannot do with self-directed IRAs.  The course wraps up with a discussion about when a client relationship might need to end due to the client refusing to follow the rules of IRC 4975. 

 

 

Refund Policy:

All attendee conference cancellations must be confirmed in writing. Cancellations will be accepted up to, and before ten days prior to the seminar, less $50.00 administration fee. “No Shows” will not be granted refunds. Registration substitutions are accepted providing that nonmembers pay an additional fee of $50.00. This additional fee may be put towards MNSEA membership. Refunds will not be given due to weather conditions, but handout materials will be available for pick up. The committee will at times allow for full refunds due to extreme circumstances. This will be determined on a case by case basis with the Chairperson having the final decision. If they have a medical emergency we WILL refund them the amount they paid minus $50 administration fee, Cost of the book, AND Cost of food. However if someone walks in and registers at full price we will also issue a refund of the cost of the food.

 

Register Now!