![\"Tax](\"http:\/\/cookco.us\/news\/wp-content\/uploads\/2016\/05\/Depositphotos_4754343_original.jpg\")
<\/a>07:15 \u2013 08:00 REGISTRATION<\/p>\n08:00 \u2013 08:10 WELCOME OPENING REMARKS<\/p>\n
08:10 \u2013 10:00 FOREIGN TAX ISSUES<\/p>\n
10:00 \u2013 10:20 BREAK<\/p>\n
10:20 \u2013 11:10 EMPLOYEE STOCK OPTIONS<\/p>\n
11:10 \u2013 12:00\u00a0INTERNET CURRENCY\/PAPERLESS CASH<\/p>\n
12:00 \u2013 13:00 LUNCH<\/p>\n
13:00 – 14:50 AFFORDABLE CARE ACT UPDATE<\/p>\n
14:50 – 15:10 BREAK<\/p>\n
15:10 \u2013 17:00 NEW REPAIR REGULATIONS<\/p>\n
17:00 – 17:15 CLOSING REMARKS<\/p>\n
Note: Monday after class you will have an opportunity meet and mingle with your peers. Don’t miss this important chance to discuss, share and learn.<\/h3>\n
17:15 \u2013 19:15 GALA (ALSEA SOCIAL EVENT)<\/p>\n
<\/p>\n
AGENDA FOR TUESDAY \u2013 May 24, 2016<\/h2>\n
08:10 \u2013 10:00 TAX UPDATES<\/p>\n 10:00 – 10:20 BREAK<\/p>\n 10:20 \u2013 11:10 CAREGIVER CALAMITIES<\/p>\n 11:10 – 12:00 OFFER IN COMPROMISE<\/p>\n 12:00 \u2013 12:30 LUNCH<\/p>\n 12:30 – 14:20 ETHICS<\/p>\n 14:20 \u2013 14:30 BREAK<\/p>\n 14:30 \u2013 16:20 HOBBY LOSSES VS FOR-PROFIT BUSINESSES<\/p>\n 16:20 \u2013 16:25 CLOSING REMARKS & ADJOURNMENT<\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n We will discuss the recent tax season changes and clarify unresolved problems. Our discussion will go in depth on the Employer Mandate, Shared Responsibility Payments, Look-back Periods, Exempt Employees, Variation Methods, SHOP Exchanges, and how it all fits together.<\/p>\n Interactive Examples will be used during the session to assess understanding of the material and concepts. Attendees will answer a quiz at the end, followed by a group discussion.<\/p>\n Will walk through cases and use worksheets\/forms to enhance understanding of the material.<\/p>\n Asking the right questions and proper reporting of income will be discussed. Proper substantiation, doctor\u2019s authorizations, and ADLs will also be discussed.<\/p>\n Attendees will answer a quiz at the end, followed by a group discussion and a case study.<\/p>\n Interactive Examples encourage audience participation and learning. Attendees will answer a quiz individually, followed by a group discussion.<\/p>\n Will walk through examples and illustrations to enhance understanding of the material.<\/p>\n Interactive Examples will be used during this session to assess understanding of the material and concepts. Attendees will answer a quiz individually, followed by a group discussion.<\/p>\n Will walk through examples, illustrations, and worksheets to enhance understanding of the material.<\/p>\n Many Interactive Examples will allow us to work with Form 3115 and discover its many uses. Attendees will answer a quiz individually, followed by a group discussion.<\/p>\n Will also walk through examples, illustrations, and worksheets to enhance understanding of the material.<\/p>\n Interactive Examples will allow us to work with Forms 2555, 1116 and discover their distinct benefits. Attendees will answer a quiz individually, followed by a group discussion.<\/p>\n Will also walk through examples, illustrations, and worksheets to enhance understanding of the material.<\/p>\n Interactive Examples will allow us to work with Forms 1040. Schedule C and other related forms. Attendees will answer a quiz at the end, followed by a group discussion.<\/p>\n Will also walk through examples, illustrations, and worksheets to enhance understanding of the material.<\/p>\n Interactive Examples will be used during the session to assess understanding of the material and concepts. The discussion group issues will take the place of a traditional quiz.<\/p>\n We will walk through an IRS adjustment to your client\u2019s tax return and how to file an Offer in Compromise. If unsuccessful, we will look at your options to defend your position, which include a CDP Hearing and even filing for Tax Court. Whether you are new or experienced in representation, the discussion should be interesting.<\/p>\n Attendees will answer a quiz that follows which will open into a group discussion.<\/p>\n Will also walk through examples, illustrations, and worksheets to enhance understanding of the material.<\/p>\n Interactive worksheets and forms will be used during the session to assess understanding of the material and concepts. Attendees will answer a quiz individually, followed by a group discussion and a case study.<\/p>\n <\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Our office will be closed Monday and Tuesday May 23rd and 24th, for continuing professional education. The staff will be attending the 2016 ALSEA Spring Seminar in Birmingham, a two day event designed to provide up-to-date crucial training that will be of great importance to many of our clients in the coming months. Our Enrolled […]<\/p>\n","protected":false},"author":1,"featured_media":725,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"top","apple_news_slug":"","apple_news_sections":["https:\/\/u48r14.digitalhub.com\/sections\/74d71b26-dfe2-3cf6-9b79-55911f8259f1"],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[1],"tags":[62,60,61],"class_list":["post-724","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cpe","tag-education","tag-training"],"apple_news_notices":[],"_links":{"self":[{"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/posts\/724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/comments?post=724"}],"version-history":[{"count":0,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/posts\/724\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/media\/725"}],"wp:attachment":[{"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/media?parent=724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/categories?post=724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/tags?post=724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/a>08:00 \u2013 08:10 OPENING REMARKS<\/p>\n<\/h2>\n
<\/h2>\n
Course Details<\/span><\/h2>\n
ACA Health Care Update (2 hours<\/u>)<\/strong><\/span><\/h5>\n
PROGRAM # 92EIT-U-00032-16-1<\/span>
<\/a><\/strong><\/h5>\nCaregiver Calamities \u2013 Proper Reporting of Medical Expenses & Care Giver Income (1 hour)<\/strong><\/u><\/strong><\/span><\/h5>\n
PROGRAM # 92EIT-T-00033-16-1<\/strong><\/strong><\/span><\/h5>\n
<\/a>T<\/strong><\/strong>he proper reporting of caregiver income will be the most important topic for tax professionals over the next decade. Why? Because we will be dealing with 10\u2019s of thousands of dollars being paid to caregivers for \u201cbaby-boomers\u201d as they age. Not only is IRS involved, but the Department of Labor, Social Security, and State Unemployment Offices. Mishandling this item could create a disaster for your clients and a legal \u201cnight-mare\u201d for you.<\/p>\n2016 Tax Update (2 hours)<\/u><\/strong><\/strong><\/span><\/h5>\n
PROGRAM # 92EIT-U-0034-16-1<\/strong><\/span><\/h5>\n
<\/a>Discussion on the most recent changes in tax law and regulations. Expect a broad base of audience participation on this issue. I have good examples and material to keep this subject interesting as we explore the new thresholds for 2016 and the related tax issues.<\/p>\nEmployee Stock Options, Restricted Stock, & related issues (1 hour<\/u><\/strong>)<\/u><\/strong><\/span><\/h5>\n
PROGRAM #92EIT-T-00035-16-1<\/strong><\/span><\/h5>\n
<\/a>This topic will generate a discussion and understanding on how to report ISOs, RSUs, ESPP, and other related employee stock purchases. We will use examples to clarify these topics and how AMT factors into the equation. The discussion will finish with the tax impact of selling stock and timing issues.<\/p>\nNew Repair Regulations (2 hours)<\/u><\/strong><\/strong><\/span><\/h5>\n
PROGRAM # 92EIT-T-00036-16-1<\/strong><\/span><\/h5>\n
<\/a>This topic should generate the interest of anyone that prepares business returns. We will discuss Units of Property, Safe Harbor Elections, Ameliorating Material Conditions, Pre-existing conditions, Changes in Accounting Method, Capitalization vs. Repair, \u201cDeemed\u201d 3115 filings, and many other insightful issues that deal with the 2014 final regulations.<\/p>\nForeign Tax Issues Update (2 hours)<\/u><\/strong><\/strong><\/span><\/h5>\n
PROGRAM # 92EIT-T-00037-16-1<\/strong><\/span><\/h5>\n
<\/a>This issue will traverse the time requirements, travel restrictions, and pertinent issues involved in filing for foreign earned income exclusion and foreign tax credits. We\u2019ll further explore the special rules that affect Expatriates who reside outside the US and offer strategies to minimize their income tax and audit risks.<\/p>\nHobby Losses v. For-Profit Businesses under – Section 183- (2 hours)<\/u><\/strong><\/strong><\/span><\/h5>\n
PROGRAM # 92EIT-T-00038-16-1<\/strong><\/span><\/h5>\n
<\/a>This topic will take us into the world of dreamers that will never turn a profit. Recognize the difference between a \u201cFor-Profit\u201d Business and a Hobby under Code Section 183. We\u2019ll use examples and explain how to report hobby income and expense that has no profit motive. Good refresher for experienced tax professionals.<\/p>\nThe New Internet Currency and Paperless Cash – (1 hour)<\/u><\/strong><\/strong><\/span><\/h5>\n
PROGRAM # 92EIT-T-00039-16-1<\/strong><\/span><\/h5>\n
<\/a>We will travel into the new digital world where hiding cash transactions through cellphone transfers, EFTs, PayPal, Green Dot Cards, bit-coins, and Web Money are a way of life. This topic and the discussion that follows will help develop an understanding of what to beware of in cash businesses and ways to uncover unreported income. We will even talk about firing clients that might have plans to implicate their practitioner if they get caught hiding under-reported income.<\/p>\nOffer in Compromise (1 hour)<\/u><\/strong><\/strong><\/span><\/h5>\n
PROGRAM # 92EIT-T-00040-16-1<\/strong><\/span><\/h5>\n
<\/a><\/p>\nEthics – Circular 230: New Client Interviews and Office Procedures (2 hours)<\/u><\/strong><\/strong><\/span><\/h5>\n
PROGRAM # 92EIT-E-00040-16-1<\/strong><\/span><\/h5>\n
<\/a>Asking the right questions in the client interview is not only an ethical issue, but a Circular 230 requirement. We\u2019ll discuss the subtle change to \u00a710.22 where we went from being preparers<\/u> to verifiers<\/u>. OPRs new position that Organizers are no longer sufficient. Asking the right clients questions. We\u2019ll help with these issues and other office policies including engagement letters, 7216 disclosures, conflict of interest statements, and more.<\/p>\nGuest Speaker<\/span><\/h2>\n
<\/a>Ben Tallman is a Tax Practitioner from Atlanta, Georgia. Ben is an officer of the US Tax Court, an Enrolled Agent, and a Fellow of the National Tax Practice Institute (NTPI). He is an instructor on the local, state, and national levels. Ben has served as an NAEA Education Foundation Trustee, as a member of the IRS Regional Liaison Committee and a prior Educational Director for GAEA and GA-NATP. He appeared on Tax Talk Today in a discussion on the Affordable Care Act and has written an article for the EA JOURNAL concerning the Affordable Care Act. Ben recently celebrated 40 years in tax preparation.<\/h6>\n