This message was sent to ##Email##
|
|
|
|
|
| |
| |
YOUR MEMBERSHIP INFORMATION |
Full Name: ##firstname## ##lastname##
NAEA ID: ##userid##
Membership Exp. Date: ##membertype##
|
|
|
NAEA
The Hilton Fort Lauderdale Marina early bird hotel rate for #NTPI2019 expires on Friday! Book before October 18 to lock in the conference rate of $149 (+12% tax).
Representing taxpayers before IRS is as much an art as it is a science and NTPI provides necessary insight. For instance, attendees in Level 2 courses work through a representation case from audit to collections in sessions such as “Form 1040 Audits” and “Collection Appeals.”
In Level 3, we offer more challenging representation scenarios, including advanced trust fund recovery or advanced criminal tax issues.
But wait, there’s more. Attendees also have the choice of enrolling a single day of the latest in tax preparation advice or two days of advanced representation seminars—or both! View the schedule of classes.
Register today!
NAEA
This issue reviews the Taxpayer First Act of 2019, weighs in on the Wayfair Supreme Court decision one year later, and examines the TCJA challenges of SALT refunds. “Your Questions Answered” dives into natural disasters and amending a married filing separately return under the TCJA. NAEA President Jerry Gaddis encourages members to cast their votes for NAEA’s Officer and Director elections and this issue’s Editor’s Message looks ahead to 2020.
Don’t forget to take the EA Journal CE test to earn four credits.
NAEA
NAEA is seeking volunteers to help raise the visibility of the enrolled agent profession by serving as media experts.
NAEA needs expert assistance in fielding regular calls from reporters requesting interviews on topics ranging from the general (e.g., tax reform, IRS, and tax returns) to the specific (e.g., TCJA, refunds, IRS collection procedures). Interested members should complete and submit the online form. A member of NAEA’s Public and Professional Awareness Committee/Media Relations Subcommittee will contact you about your application.
|
Promoted by
|
|
|
|
 |
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
 |
|
Get half off select CCH(R) CPELink self-study courses during the CPE Clearance Sale.
Includes popular topics, like accounting updates, sales and use tax strategies, how to
master spreadsheets and more. Save now through Dec. 31 >
|
|
NAEA
Form 4797 may confuse tax professionals addressing the sale of business assets, even if the client has kept excellent and highly detailed records. Form 4797 is a tax form that is used specifically for reporting the gains or losses made from the sale or exchange of business and income producing property used in a trade or business.
This two-hour course will assist tax professionals in determining whether a transaction is a capital gain or ordinary income and what tax consequences are associated with each. Further, the course will clarify what parts of Form 4797 need to be completed and their holdings periods.
Upon completion of this course, you will be able to:
- Know the difference between §1245 and §1250 property
- Correctly identify §1231 property
- Ascertain the sales price
- Calculate basis
- Categorize transactions into their appropriate parts on Form 4797
- Differentiate between depreciation recapture and capital gain
- Identify unrecaptured depreciation
- Calculate §199A in reference to §1231, §1245, and §1250.
REGISTER TODAY
|
Promoted by
|
|
|
|
 |
NAEA
Whether here or overseas, U.S. taxpayers face a myriad of issues and must contend with countless special forms. This course will help the tax professional assist American clients as they live, travel, and work abroad. Topics will include foreign earned income and foreign housing credits and deductions, the foreign tax credit, information for military personnel, inter-agency cooperation, and tax avoidance schemes.
Upon completion of this course, you will be able to:
- Understand that U.S. citizens living outside of the U.S. have filing requirements comparable to citizens and residents living in the U.S.
- Determine if certain U.S. taxpayers may claim the foreign earned income exclusion.
- Correctly calculate the housing exclusion for employer-provided housing, as well as the housing deduction if the taxpayer is self-employed.
- Use the foreign tax credit to mitigate the effects of double taxation and reduce the U.S. tax liability of eligible taxpayers.
- Advise U.S. taxpayers of tax and reporting regulations that apply specifically to those living abroad, including foreign account and foreign assets reporting.
REGISTER TODAY
NAEA
Does an issue have you stumped? Check out the NAEA Member Forum to find answers to your questions such as when the American opportunity credit should be applied.
 |
|
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.
|
|
NAEA
NAEA helps you reach people with the power to purchase. Explore exhibit, sponsor, national training event advertising, and publication advertising opportunities across the organization.
READ MORE
|
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.
|
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.”
WMUR-TV advises taxpayers to check if their tax preparers are members of the National Association of Enrolled Agents. Watch “Money Matters: When doing your own taxes doesn’t make sense.”
Forbes
The Internal Revenue Service (IRS) has issued a reminder to taxpayers with an expiring Individual Taxpayer Identification Number (ITIN) to submit renewal applications. Failing to renew an ITIN by the end of 2019 may cause refund and processing delays in 2020. An ITIN is assigned to a taxpayer who is not eligible to obtain a Social Security Number (SSN). Typically, only United States citizens and those noncitizens who are authorized to work in the U.S. by the Department of Homeland Security receive SSNs.
READ MORE
The Wall Street Journal
The Internal Revenue Service’s partnership with private firms to provide free tax preparation to millions of filers has serious flaws but also appears to provide substantial benefits, according to an outside review commissioned by the IRS. The study, reviewed by The Wall Street Journal, responded to intense criticism of the public-private partnership, called the Free File Alliance.
READ MORE
Barron's
Cryptocurrency investors had been waiting for updated IRS guidance on how to report crypto income to the taxman for several years. They finally got it last week when the IRS released a ruling and a question-and-answer document, Bloomberg reports. Financial advisors might want make sure clients who hold Bitcoin and other digital coins are familiar with the new information.
READ MORE
Barron's
A new federal income-tax form may make filing a bit easier for some seniors this year, particularly those who don’t file electronically. The new two-page form, known as 1040-SR, uses a bigger font than the standard form 1040, and eliminates shading in boxes to improve readability. In addition, it includes a chart to help taxpayers calculate their standard deduction, which may help ensure that fewer seniors neglect to take the additional standard deduction to which they are entitled.
READ MORE
Accounting Web
Julian Block writes "In twelve previous columns, I discussed my use of “tax tidbits” to enliven conversations when talking taxes with clients or speaking to groups like business owners and home sellers. The tidbits discuss IRS rulings, law changes, court decisions and tactics that trim taxes for this year and even future ones."
READ MORE
Forbes
Days after the Internal Revenue Service (IRS) released two new pieces of guidance for taxpayers who engage in transactions involving virtual currency, the IRS announced another compliance measure: a checkbox on form 1040. The checkbox, which appears on the early release draft of the form 1040, asks taxpayers about financial interests in virtual currency. The checkbox appears on the second early release draft of the 2019 Form 1040, Schedule 1, Additional Income and Adjustments to Income (downloads as a PDF).
READ MORE
|
|
|
NAEA Tax Break | Volume 1: Issue 48
Connect with NAEA
Recent Issues | Unsubscribe | Web Version
Colby Horton, MultiView, Executive Vice-President, Publishing/Marketing, 469-420-2601 | Media Kit
Bethanney Standerfer, Content Editor, 469-420-2688 | Contribute news
National Association of Enrolled Agents
1730 Rhode Island Avenue, NW, Suite 400 | Washington, DC, 20036, United States
202-822-6232 | Contact Us
Learn how to add us to your safe sender list so our emails get to your inbox. |
|
| |
|
|
7701 Las Colinas Ridge, Ste. 800, Irving, TX 75063
|
