Develop a better understanding of new tax legislation that was enacted late in 2016 and into 2017, including the following:

  • A brief summary of each provision
  • Cross-references to other chapters to help participants find further information on some of the topics
  • A table of effective dates to help participants keep track of when provisions expire

Verify selected rulings and cases that were issues from September 2016 through August 2017 to give participants an update on issues that are being addressed by the IRS and the courts. The rulings and cases are organized under topic headings that match the titles of other chapters

This chapter discusses issues for partnership and tax exempt entities. Topics include:

  • The new partnership audit rules
  • Practical considerations in partnership reorganization and liquidations
  • New developments for tax exempt entities
  • Organization, taxation, and reporting for homeowners' associations

This chapter provides step-by-step instructions to determine whether a loss is limited. It includes a discussion of at-risk and passive activity loss limitations, basis limitations for an S corporation shareholder and a partner in a partnership, and hobby loss and vacation loss limitations.

This chapter discusses some of the issues tax practitioners encounter when they prepare returns for clients who have rental property or operate a business. Topics include:

  • Expensing real estate improvements 
  • Start-up and organizational expenses
  • Electing out of Subchapter K
  • Tax on marijuana and hemp sales

This chapter is a practical guide to like-kind exchanges. It explains the tax implications of an exchange, including basis adjustments and the recognition of gain or loss; and the requirements for a reverse or deferred exchange. It includes a discussion and examples of reporting an exchange. It also explains when a taxpayer can exchange a vacation residence, timberland, easements, and long-term leases.

This chapter covers how (and when) to elect portability on Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return, and it explains the new basis consistency rules. It also includes an overview of the various types of trusts, and some of their tax and non-tax purposes.

This chapter discusses important issues that help practitioners comply with thier ethical obligations. Topics include:

  • When client communications are confidential and/or privileged
  • Ethical obligations upon the sale or discontinuance of a tax practice
  • Nondisclosure rules when hiring independent contractors (with sample confidentiality agreement)
  • Tax practitioner's responsibilities when encountering fraud or other mideeds
  • 10 case studies to illustrate how to handle real-life ethical issues

The second portion of ethics taught during the seminar discusses cybersecurity, and the protection of computers, networks, programs, and data from unintended or unauthorized access, change, or destructions of information. It explains the risks of a data security threat and how to mitigate those risks.

This chapter covers several issues tax practitioners encounter when preparing individual income tax returns, including:

  • Tax issues for individuals in the miliatary
  • Charitable contribution deductions, valuation, and substantiation
  • New developments under the Affordable Care Act
  • Disaster tax relief
  • Taxes and the sharing economy (e.g. renting a spare bedroom or providing car rides or household chores)

This chapter discusses tax issues that affect US citizens living abroad and nonresident aliens living in the US. Topics include the following:

  • Reporting and tax requirements for US citizens living in foreign countries
  • The foreign earned income exclusion
  • Reporting, withholding, and tax requirements for nonresident aliens with US income

This chapter contains important tax practices and procedures, including:

  • Tips to submit a successful offer in compromise
  • Collection statute of limitations and rules that stop the statute from running
  • Third party liability, such as transferee and nominee liability

This chapter covers issues the IRS targets as key issues for practitioners. Topics include:

  • The most prevelant identity theft and impersonation scam
  • E-Services online tools for tax professionals
  • The new IRS use of private debt collectors
  • How to use IRS audit techniques guides

This chapter covers common retirement tax planning issues