Webinar: 2022 On-Demand Individual Tax Update Conference by Professional Tax Institutes, Inc.

"Practitioner to Practitioner"

About this Continuing education

As we emerge from the last couple of filing seasons, we need to be prepared for this next one. PTI will bring you 16 hours of the latest information available, enabling you to best meet your client needs. Our topics this year will include exempt organization topics, partnership basics, distributing estate assets, elder issues, special taxpayer issues, small business issues (including K1/K3), individual issues, and new developments. The 2022 New Developments will include aspects of the Inflation Reduction Act of 2022 and various types of digital assets (virtual currency and NFTs). In working with taxpayers, the practitioner will be faced with ethical situations presented by changing tax laws and unusual circumstances. This presentation will review various real-life scenarios and compare these situations with applicable directives from Circular 230. As a result of the presentation, the practitioner will better understand how ethics impacts their practice.

This program is approved for IRS Continuing Education, IRS Provider #0FY01. It is not NASBA approved.

Meet The Presenters

Randall R Carlson, Clay Center, KS

President, Enrolled Agent

As president of Professional Tax Institutes, Inc., Randy has been in public practice for 40 years. He is a graduate of Kansas State University. He is also enrolled to practice before the IRS and holds all four ACAT credentials. Randy is a managing director at Sink, Gordon & Associates, LLP in Manhattan, KS, as well as the office manager of the firm’s branch in Clay Center, KS.
Paul Bumgarner, Charlotte, NC

Shareholder, Enrolled Agent

Paul is a sole practitioner in Charlotte, NC. After opening his practice in 1974, he became an enrolled agent in 1977. Paul attended the University of North Carolina at Charlotte and is a graduate of Central Piedmont Community College with a degree in accounting. He has served as a seminar speaker for various accounting organizations for more than 35 years, 20 of which as a farm and small business tax instructor for NC State University.
Ronald D Powell, Ocean Isle Beach, NC

Enrolled Agent, Webinar Host

Ron is a graduate of East Carolina University, BA and a graduate of Webster University, MA summa cum laude. He has more than 24 years of experience in accounting and tax preparation. He is enrolled to practice before the IRS and has been presenting continuing education programs for over 16 years. Ron joined Team PTI in 2017.
Fran Coet, Fairhope, AL

CPA

After successful tax and accounting career owning Coet 2 CPAs and as a partner with the successor firm, ATLAS Advisors & CPAs, a regional CPA firm, Fran Coet left the Front Range area of Colorado and relocated to the Eastern Shore of Mobile Bay in Alabama. Since April of 2021, she is growing her boutique tax planning and preparation firm, A Dollar Here, A Dollar There, PC. Fran is licensed as a CPA in Colorado & Alabama.

This Continuing Education Has 5 Sections

Individual Issues & New Developments

2022 1040 Individual Tax Conference Part A

Saturday, December 17, 2022 · 10:00 AM EST

Individual Taxpayer Issues will cover dependency issues, pass-through entity tax and a detailed discussion on K1s. The practitioner will be able to better support their clients with these updates following this presentation.

As we emerge from the last couple of filing seasons, we need to be prepared for this next one. The 2022 New Developments will include aspects of the Inflation Reduction Act of 2022, new Schedule K2 & K3, Form 7203, and various types of digital assets (virtual currency and NFTs).

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Disposition of Estate Assets & Terminating a Business Interest

2022 1040 Individual Tax Conference Part B

Saturday, December 17, 2022 · 7:30 PM EST

Disposition of Estate Assets for most taxpayers is not an issue due to the current exclusion amounts, however, we will discuss some of the more common and important rules affecting distributed property.

Terminating a Business Interest. Most owners at some point sense the time has come to close their business. This presentation focuses on various considerations involved in selling a business, specifically service-related businesses such as tax practices.

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Small Business Issues

2022 1040 Individual Tax Conference Part C

Thursday, December 15, 2022 · 4:30 PM EST

Small Business Issues this year will focus on tax issues of in-home care providers. Additionally, house flipping, is it an investment or a business activity? Finally, some details on preparing Form 4797 will be covered to assist the tax practitioner in working with these unique circumstances.

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Exempt Organizations, Elder Care, & Partnership Basics

2022 1040 Individual Tax Conference Part D

Sunday, December 18, 2022 · 12:00 AM EST

Elder Issues. As your client demographics age, what do you discuss with them about Social Security or Medicare related items? Did they invest enough for retirement? What about those day-to-day items and how to meet the ever-increasing costs? We will look at these issues to include home equity loans or reverse mortgage loans.

Exempt Organizations, the tax rules governing nonprofits are numerous and complex, and violations of these rules may endanger an organization’s exempt status, therefore, it is important to understand the basic rules for exempt entities.

Partnership Basics we all struggle with can be the nature and creation of partnerships, elections, capital accounts, property contributions, and everyone’s favorite – partner’s tax basis. After attending this presentation, the practitioner will understand the features of these issues to better serve the public.

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Ethics and Due Diligence

2022 Ethics and Due Diligence

Tuesday, December 13, 2022 · 3:00 PM EST

What does Circular 230 have to say about due diligence? When are we to apply it to our practice? Where does it end? When should we disengage a client? We will answer these questions by looking at several tax law provisions and how as a practitioner we need to be diligent when engaging new clients.

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