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2014 Clemson University Income Tax Course, CHARLESTON, SC

Clemson University Tax School

Monday, December 15, 2014 at 8:00 AM - Tuesday, December 16, 2014 at 5:00 PM (EST)

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Charleston, SC 2014 Clemson University Income Tax Course Sold Out Ended $280.00 $0.00

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Event Details

The  2014 Clemson University Income Tax Course will be held in Charleston, SC on December 15-16.

 

2014 Income Tax Course Topics Include (expected):

New Legislation (S.C. and Federal): Tax Legislation enacted in late 2013 and in 2014

 

Rulings and Cases: September 2013 to August 2014 issues under review by the IRS and courts

 

Individual Taxpayer Issues: Tax issues for parents of disabled children, Hobbies, Dealing with identity theft, and Portability of estate tax exemption equivalent

 

Tax practice: Working with incomplete records, Pros and cons of extending statute of limitations, Audit triggers, Power of Attorney issues, and Reporting tax practitioner misconduct.

 

Affordable Care Act: What is the tax practitioner's role in implementing the individual mandate and the employer's mandate for health insurance under the Affordable Care Act?

 

Business Entities: Comparing the choices of treating a single member LLC as a disregarded entity or an S Corporation:  making the S election, need for adequate compensation, gifting shares to family members, and terminating the S election.

 

Business Issues: Uniform Capitalization rules under Section 263A, Per diem rules, Automobiles, Amending and making late elections, Startup expenses, Correcting depreciation errors, and Methods of accounting.

 

Agricultural and Natural Resources: Allocating crop insurance payment between crop loss and revenue loss, Christmas trees, Water issues, Ethanol credits and carry forwards, Material participation, and Lease v. purchase of farm assets.

 

Net Investment Income Tax: the rules for the NIIT including reporting net investment income to and from Schedules K-1.


Retirement:  Common retirement issues including:  myRA accounts, Inherited IRAs, IRA rollover tax law changes, Taxable social security benefits, and One-participant 401(k) plans

 

Form 4797:  IRC Section 1231 treatment, Casualty gains and losses, Depreciation recapture, Installment sales, and Recapture of IRC Section 179 deductions. 

 

IRS Issues: Employment tax issues, Audit reconsideration, and Collection issues.


Repair and Capitalization Regulations:  How the repair and capitalization regulations affect small and large businesses differently.  When Form 3115 is not required for changes made by small businesses, Rental property, and why does a "unit of property" matter?


Fiduciary Tax Issues:  Income tax rules for estates.  Income distribution, Income in respect of a decedent, and Basis of assets.

 

Foreign Tax Issues:  Foreign tax credit and filing requirements for U.S. citizens livign abroad.

 

SCDOR: SC Legislation, SCDOR Security Updates, Update on SC ESales and E-File

 

Ethics: What practitioners can and should do in light of Circular 230 and what they cannot do

 

SC Ethics:  One hour of professional conduct for South Carolina CPAs

 

Continuing Education Credits:

 

FOR CPA AND ENROLLED AGENTS: 18 hrs total

Federal Tax Law: 11.5 hrs, Ethics: 2 hrs (one hour is SC specific), Updates: 3 hrs

South Carolina Tax Law Updates: 1.5 hrs

Other Tax Return Preparers: 16.5 hrs total

Federal Tax Law: 11.5 hrs, Ethics: 2 hrs, Updates: 3 hrs

15 hours of CLE credits awarded to Attorneys.

“We have entered into an agreement with the Office of Director of Practice, Internal Revenue

Service, to meet the requirements of 31 Code of Federal Regulations, Section 10.6(g), covering

maintenance of attendance records, retention of program outlines, qualifications of instructors

and length of class hours. This agreement does not constitute an endorsement by the Director

of Practice as to the quality of program or its contribution to the professional competence of

the enrolled individual.”

 

 

Meals, Refreshments and Facilities: A noon meal is included

on both days of the workshop. Refreshments are provided during breaks.

Most facilities have problems maintaining a uniform temperature.

For your comfort, we suggest you DRESS IN LAYERS.

 

Have questions about 2014 Clemson University Income Tax Course, CHARLESTON, SC? Contact Clemson University Tax School

When & Where


Charleston Plaza Hotel
4770 Goer Drive
North Charleston, SC 29406

Monday, December 15, 2014 at 8:00 AM - Tuesday, December 16, 2014 at 5:00 PM (EST)


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