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NAEA
Registration is open for Level 2, Level 3, and the return of SuperGrad!
Book your spot at the National Tax Practice Institute™ (NTPI®) in Fort Lauderdale at the Hilton Fort Lauderdale Marina. Boost your existing tax practice and sharpen your tax skills to stay up to date on the latest rules, regulations, and policies.
Earn up to 24 IRS-approved CE credits, including 2 CE in ethics, while networking with knowledgeable tax professionals in the industry. Participants will also have the choice of taking a single day of the latest in tax preparation advice on Friday, November 8, 2019. View the schedule of classes.
WHAT IS SUPERGRAD? You’ve asked for a blend of representation and preparation classes and we’re providing just that option!
The Hilton Fort Lauderdale Marina has provided an early bird hotel rate of $149 (+12% tax). Book before October 18 to lock in the lower rate!
Register today!
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NAEA
The Schuldiner/Smollan Leadership Academy (SSLA) will follow after the NAEA board meeting on Saturday, November 9 through Monday, November 11. If you are interested in taking the next step in your NAEA leadership journey, please fill out an application.
The application deadline is one week from today, October 9, 2019.
“Beyond all of the great skills and strategy, the most valuable tool (SSLA) attendees gain is the connections that they form with fellow participants, which continue to strengthen and evolve long after the classroom experience has concluded."
—Angela Radic, EA, NAEA Secretary 2017-present
NAEA
 This issue’s Expert Notes discusses a complicated resolution case; “Capitol Corner” highlights citizen advocacy; and features how to manage taxpayer complaints. “Tax Tech” dives into the ROI of accounts payable automation. NAEA Executive Vice President Robert Kerr connects the dots between IRS management and NAEA.
Don’t forget to take the EA Journal CE test to earn four credits.
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Take 40% off the self-study courses relevant to you, now through October 15. Benefit from expert insights into legislation changes, form updates and more, all while optimizing your time. Choose from over 600 on-demand courses to fulfill your CPE requirements. Save now >
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NAEA
This webinar will take a close look at passive activity losses and the intricacies of material participation. The session will also review the application of both the qualifiable and quantifiable measures within the code and regulations.
Upon completion of the course, the participant will be able to:
- Define passive activity
- Understand material participation
- Define supporting documentation
- Identify items subject to recharacterization
- Economic grouping
- Consider examination strategies
- Review cases and rulings.
REGISTER TODAY
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NAEA
As more foreign citizens become subject to U.S. taxation, practitioners must be comfortable with the various issues that can arise, including determining residency for federal tax purposes, dual-status taxpayers, tax treatment of income and expenses for nonresident aliens, available elections and tax credits, administrative issues, and departure filing requirements.
This session will give you the information needed to address domestic tax issues for nonresident aliens, enabling you to serve this expanding client base.
Upon completion of the course, the participant will be able to:
- Determine residency under the green card and substantial presence tests.
- Recognize and correctly report effectively connected income.
- Determine a nonresident alien’s U.S. filing requirements.
- Make appropriate entries on Form 1040-NR.
- Address issues specific to the NRA, including community property reporting, estate and gift tax rules, and state non-conformity.
REGISTER TODAY
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Amplify the efficiency of your practice and improve collaboration with clients by automating several steps in the tax prep process. The direct integration allows for the import of client data and the ability to print directly to a specific client folder from the Lacerte/ProSeries app.
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NAEA
 The IRS is shining a brighter spotlight on crypto activities and enforcing taxpayer compliance. The National Association of Enrolled Agents offers a variety of resources on this topic to assist your clients. Tax Technology for Today’s Professionals provides information on a variety of areas impacted by cryptocurrency such as peer-to-peer digital transactions, the 2018 Token Taxonomy Act, and cryptocurrency tax tools. NAEA also offers webinars on Bitcoin and cryptocurrency trends.
NAEA
Does an issue have you stumped? Check out the NAEA Member Forum to find answers to your questions such as the new 2019 Form 1040-SR.
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A note to our readers: The following is a list of news coverage highlights earned over the past 30 days or so. This is by no means a comprehensive list of all relevant news stories that mentioned NAEA members during that time.
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Morris Armstrong, EA; Kerry Freeman, EA; Lawrence Pon, EA, CPA, USTCP; and Terri Ryman, EA; were interviewed by Accounting Today. Read “Staying on course: Preparers bone up on TCJA and more.”
Gene Bell, EA, was interviewed by Financial Advisor Magazine. Read “Tax Cuts Added New Options, Complexity For Business Owners.”
Patrick Haggerty, EA, discusses employer-paid rent taxes in Bloomberg Tax’s “Payroll in Practice.”
Forbes
The U.S. Bureau of Labor Statistics reported today that the consumer price index (CPI) has increased by 0.1% for August, after rising 0.3% in July. Here’s what that means for taxpayers in 2020, together with a first look at predicted rates for the next year as calculated by Bloomberg Tax & Accounting. The CPI measures the cost of goods and services—in other words, your cost of living. Under the Tax Cuts And Jobs Act (TCJA), the Internal Revenue Service (IRS) now figures cost-of-living adjustments using a “chained” CPI.
READ MORE
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Samsung for Business
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As businesses adopt mobile technology at an unprecedented pace, the need for best-in-class mobile devices, support and services is growing rapidly. Read more
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Reach Your Prospects Every Week
Thousands of industry professionals subscribe to association news briefs, which allows your company to push messaging directly to their inboxes and take advantage of the association's brand affinity.
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Next Gov
When taxpayers use online systems, the IRS really wants to make sure the people accessing information are who they say they are. The agency has implemented a number of authentication tools over the years — with varying degrees of success — and is now looking at behavioral analytics as an option. The IRS announced a sole-source contract to BioCatch for a proof-of-concept that would incorporate behavioral analytics for the agency’s eAuthentication system. BioCatch’s technology tracks how a user interacts with their device and the agency’s apps to continually verify their identity.
READ MORE
The Hill
The IRS recently released new estimates of the "tax gap" — the difference between the amount of taxes owed and the amount that’s paid on time — which lawmakers had been awaiting as they consider funding for the agency and ways to boost tax compliance. The estimates show that the average annual gross tax gap was $441 billion for the tax years from 2011 to 2013. The agency estimated that $352 billion of the tax gap was due to underreporting, $50 billion was due to underpayment and $39 billion was due to nonfiling.
READ MORE
Accounting Today
The Internal Revenue Service released drafts of the two critical partnership forms for 2019. The proposed versions of Form 1065, “U.S. Return of Partnership Income,” and Schedule K-1, “Partner’s Share of Income Deductions, Credits, etc.,” have been updated in hopes of improving the quality of information that partnerships report to both the IRS and their partners.
READ MORE
Bitcoin.com
The Internal Revenue Service (IRS) released a new report and infographic recently illustrating unpaid or underpaid taxes for the years 2011 – 2013. The numbers reflect estimates based on the last such findings, for the years 2008 – 2010. With commissioner Chuck Rettig citing the importance of voluntary compliance, and crypto’s popularity on the rise, the IRS is growing increasingly concerned with opportunities for tax evasion afforded by the new digital money.
READ MORE
Missoula Current
A Montana nonprofit led by a federal land critic should give up its tax-exempt status because of lobbying activities, according to two watchdog groups. Recently, the Washington, D.C.-based Campaign for Accountability sent a complaint to the Internal Revenue Service claiming Citizens for Balanced Use has repeatedly violated laws that limit the amount of lobbying that tax-exempt nonprofit organizations are allowed to carry out.
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Accounting Today
The IRS is projecting that it will see 12.4% more information and withholding documents in 2020 than it projected last year, driven largely by an increase in Forms 1099-B. The projections were released today in Publication 6292, “Fiscal Year Return Projections for the United States, Fall 2019 Edition.” This semiannual publication contains projections for Fiscal 2019 through 2026 of some 50 individual, business and tax-exempt return types, such as 1040, 1120, 941 and 990, to be filed by the major return categories.
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The New York Times
Congress didn’t unconstitutionally penalize Democratic-leaning states when it imposed a cap on federal deductions for state and local taxes, a federal judge recently ruled. The 2017 federal tax law, which President Trump signed after a party-line vote in Congress, limited to $10,000 the state and local tax payments that families can write off on their federal income taxes if they itemize deductions.
READ MORE
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NAEA Tax Break | Volume 1: Issue 46
Connect with NAEA
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Colby Horton, MultiView, Executive Vice-President, Publishing/Marketing, 469-420-2601 | Media Kit
Bethanney Standerfer, Content Editor, 469-420-2688 | Contribute news
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