Federal Income Tax Update for Individuals [TAUI]

Dec 7, 2016
Time: 8:30 am-4:30 pm

Subject:

Taxation

Credit Hours:

8.00

Price:

Member: $295.00
Non-member: $445.00

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Discussion Leader:

John Connors, JD, CPA, LLM    more info

Prof. John J. Connors, J.D., C.P.A., LL.M.
As an accounting graduate of La Salle University in Philadelphia, Prof. Connors went on for his law degree at the
University of Notre Dame, graduating in 1980. After serving as an instructor in the School of Business
Administration, he obtained his Masters of Law in Taxation at the University of Miami Law School in Coral Gables,
Florida. He then served on the graduate tax faculty at the University of Wisconsin’s School of Business in
Milwaukee, WI.
His professional background includes experience in income and estate tax planning, as well as individual,
partnership and corporate tax return preparation and research as a senior tax consultant for Price Waterhouse in
the Philadelphia and South Bend offices. Prof. Connors also worked on expatriate and corporate tax matters as
an international tax consultant for the Chrysler Corporation in London, England.
Prof. Connors currently conducts a national consulting practice designed especially for tax professionals based
out of Milwaukee, WI. He also publishes a tax newsletter devoted exclusively to practitioners entitled the Monthly
Tax Update. He has been the outside editor for CCH’s Federal Tax Course, and has spoken at numerous tax
institutes, workshops and conferences around the country. And, his “Complete Guide to Depreciation, Amortization
& Transfers of Property - Issues, Strategies & Answers” is sold to tax practitioners throughout the U.S., along with
a brand new publication entitled “LLCs Taxed as Partnerships.”
As a nationally known speaker on a variety of tax topics, Prof. Connors has consistently earned average overall
ratings in excess of 4.7 (i.e., on a 5.0 scale) for his knowledge and presentation skills, as well as the quality of his
materials. In 2013, he was selected to receive the Sid Kess Award for Excellence in Continuing Education by the
American Institute of CPAs. And, on any item that he has presented in his materials, he is available for follow-up
questions, a factor much-appreciated by those practitioners attending his seminars.

Prof. John J. Connors, J.D., C.P.A., LL.M.As an accounting graduate of La Salle University in Philadelphia, Prof. Connors went on for his law degree at theUniversity of Notre Dame, graduating in 1980. After serving as an instructor in the School of BusinessAdministration, he obtained his Masters of Law in Taxation at the University of Miami Law School in Coral Gables,Florida. He then served on the graduate tax faculty at the University of Wisconsin’s School of Business inMilwaukee, WI.His professional background includes experience in income and estate tax planning, as well as individual,partnership and corporate tax return preparation and research as a senior tax consultant for Price Waterhouse inthe Philadelphia and South Bend offices. Prof. Connors also worked on expatriate and corporate tax matters asan international tax consultant for the Chrysler Corporation in London, England.Prof. Connors currently conducts a national consulting practice designed especially for tax professionals basedout of Milwaukee, WI. He also publishes a tax newsletter devoted exclusively to practitioners entitled the MonthlyTax Update. He has been the outside editor for CCH’s Federal Tax Course, and has spoken at numerous taxinstitutes, workshops and conferences around the country. And, his “Complete Guide to Depreciation, Amortization& Transfers of Property - Issues, Strategies & Answers” is sold to tax practitioners throughout the U.S., along witha brand new publication entitled “LLCs Taxed as Partnerships.”As a nationally known speaker on a variety of tax topics, Prof. Connors has consistently earned average overallratings in excess of 4.7 (i.e., on a 5.0 scale) for his knowledge and presentation skills, as well as the quality of hismaterials. In 2013, he was selected to receive the Sid Kess Award for Excellence in Continuing Education by theAmerican Institute of CPAs. And, on any item that he has presented in his materials, he is available for follow-upquestions, a factor much-appreciated by those practitioners attending his seminars.

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Website registration for this course closes on December 6, 2016. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.

Full Description

Federal Income Tax Update for Individuals (TAUI)

December 7, 2016

BP Energy Center
900 East Benson Boulevard
Anchorage, AK

LATE REGISTRATION POLICY
For registrations received less than 21 days from the course date will be charged a late fee of $50 for each 8 hour course and $25 for each 4 hour course.

Combining the real-life experience of working with numerous CPA firms and tax professionals around the country with comprehensive easy-to-read materials containing pertinent examples and illustrations, this powerful course will provide you with the most recent and up-to-date tax changes. You'll receive answers to all your tax questions in an accessible PDF manual covering all of the latest federal legislative issues with hyperlinks to all of the source documents cited in the text should you desire additional detailed information on any particular item. Written by renowned tax expert, John J. Connors, JD, CPA, LLM, this course covers all the bases: recent tax changes, preparing individual income tax returns, real estate, investment issues, estate and gift taxation, passive losses, retirement plans, IRS audit issues, self-employment taxes and fringe benefits, as well as a myriad of common consulting issues individual taxpayers encounter on a regular basis.

Complete coverage of all the latest IRS rulings and procedures affecting individuals, along with an up-to-date summary of the most important tax court decisions and tax law changes in this area.

Major Topics:
Extension, some permanent, of expired tax provisions
Handling repair expenses for rental properties
How dramatically higher individual marginal tax rates are affecting K-1 flowthrough owners.
Impact of Affordable Care Act & mandatory health insurance requirement
Latest issues and update for those clients confronting identity theft
Tax issues for separate and divorced parents
Interaction of PAL Rules & the 3.8% Medicare Surtax
Common misunderstandings with the passive loss rules
When grouping elections should be made to avoid the PAL rules, as well as the 3.8% Medicare surtax
Were there exceptions for real estate professionals and grouping of self-rental activities?
Are S corp and partnership distributions to active owners completely free of the surtax?
Dispositions of interests in flowthrough entities, especially by active owners impacted by this surtax?
Are all dispositions of C corp stock, including those by active owners, subject to the surtax?
Can "personal goodwill" avoid double taxation quagmire with C corporations, as well as 3.8% Medicare surtax?
All of these issues will be examined, along with vital year-end planning tips.

Learning Objectives:
Comprehensive understanding recent changes especially for upcoming busy season
Awareness of latest cases and rulings affecting individual tax clients

Designed For: CPAs who need to know the latest tax law changes in all areas of practice

CPE Credits: 8, Taxation

Level of Knowledge: Update

Prerequisite: Experience with individual clients

Acronym: TAUI

Discussion Leader: John Connors, JD, CPA, LLM
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