COLUMBUS, Ohio – Continuing education credits (CEUs) are available for tax practitioners at the upcoming Income Tax School workshop series, offered during November and December and sponsored by Ohio State University Extension.
The Income Tax School workshop series will provide tax practitioners with federal tax law updates for 2017 individual and small business tax returns. The series is taught by tax experts with the IRS and Ohio State University Extension and provides continuing education credits for accountants, enrolled agents, attorneys, and certified financial planners.
These schools will help tax practitioners anticipate issues that they may encounter when filing individual and small business 2017 tax returns, said Barry Ward, director of the Income Tax Schools with Ohio State University Extension. He added some of the updates will include discussion on new, expiring and proposed tax legislation as well as how to deal with like-kind exchanges. Registration is available at go.osu.edu/taxschools
The series of two-day income tax schools, which also offer information on preparing taxes that focus on agricultural concerns, are intermediate-level courses that focus on interpreting tax regulations and changes in tax laws to help tax practitioners, accountants, financial planners and attorneys advise their clients, Ward said.
Participants at the schools will receive the 2017 National Income Tax Workbook prepared by the Land Grant University Tax Education Foundation for the tax schools held in Ohio and 30 other states. The following continuing education credits will be available for attendees: Accountancy Board of Ohio, Office of Professional Responsibility, CFP Board of Standards, Inc., and Continuing Legal Education, Ohio Supreme Court.
Topics covered during the tax schools include:
- Individual tax issues
- Related party issues
- IRS issues
- New legislation, rulings and cases, with an update on the Affordable Care Act
- Agriculture and natural resources
- Business entity issues
- Financial distress
- Business issues
- Death of a taxpayer
- Domestic production activities deduction
- Penalties and defenses
- Trusts and Estates
- Foreign Tax
- Individual Issues
- Retirement Issues
- New, Expiring and Proposed Legislation
- Agricultural & Natural Resources Issues
- Loss Limitations
- Business Issues
- Tax Practice
- IRS Issues
- Like-Kind Exchange
- Business Entities
- Rulings and Cases
The tax school will also feature a separate, two-hour ethics webinar that will broadcast Dec. 13 at 1 p.m. and Dec. 15 at 10 a.m. The webinar is approved by the IRS and the Ohio Accountancy Board for two hours of continuing education credits and will be available to tax school participants enrolled in the two-day tax school at no extra charge.
The preregistration fee for each workshop is $350, with late registration of $390. The fee includes all materials, lunches and refreshments. The deadline to enroll is 10 business days prior to the date of each school. Participants can also choose to attend just day one of the workshop for $220. Additionally, the RIA Federal Tax Handbook is available to purchase by participants for a discounted fee of $35.
Discounted registration is available for employers who send five or more employees from the same company to the tax school.
The schools run from 8 a.m. to 5 p.m. on the following dates and locations:
Nov. 1-2 -- Ole Zim’s Wagonshed, 1387 State Route 590, Gibsonburg.
Nov. 6-7 – Sheraton Suites Akron/Cuyahoga Falls, 1989 Front St., Cuyahoga Falls.
Nov. 8-9 -- All Occasions Banquet Center and Catering, 6989 Waldo Delaware Road, Waldo.
Nov. 13-14 -- Presidential Banquet Center, 4548 Presidential Way, Kettering.
Nov. 16-17 -- Old Barn Out Back, 3175 W. Elm St., Lima.
Nov. 27-28 -- Ashland University-Convocation Center, 820 Claremont Ave., Ashland.
Nov. 30-Dec. 1 -- Ross County Service Center, 475 Western Ave., Chillicothe.
Dec. 4-5 -- Ohio University-Zanesville & Zane State College, 1425 Newark Road, Zanesville.
Dec. 7-8 -- The Ohio State University, Fawcett Center, 2400 Olentangy River Road, Columbus.