Streamlined Tax Staff Training Complex Return Issues [STCR]

Nov 3, 2017
Time: 8:00am-4:00pm

Subject:

Taxation

Credit Hours:

8.00

Price:

Member: $295.00
Non-member: $445.00

Print Page

Discussion Leader:

Nick Preusch CPA, JD, LLM    more info

Nick Preusch CPA, JD, LLM, is a tax manager with PBMares, LLP. Nick has participated in helping high wealth
individual and large business entities with complex tax compliance, along with specializing in international, nonfor-
profit tax issues, and tax ethics issues.
Nick has also worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS
Office of Professional Responsibility. Nick is a graduate of Carthage College with a BS in Accounting and
Business, University of Connecticut with a MA in Accounting, Case Western Reserve University with a JD, and
Georgetown University with an LLM in taxation. Nick has also authored publications for the AICPA’s Journal
of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure.
He also co-authored a textbook, Tax Preparer Penalties and Circular 230 Enforcement, published by Thomson
Reuters. He has lectured nationally on topics such as ethics, complex tax transactions and IRS practice and
procedure.
Currently Nick is an adjunct professor at the University of Mary Washington. Nick has been recognized as the
Top 5 Under 35 CPAs in Virginia by the VSCPA in 2017 and is a member of the VSCPA’s Tax Advisory Committee,
and the AICPA’s Tax Practice and Responsibilities Committee.

Nick Preusch CPA, JD, LLM, is a tax manager with PBMares, LLP. Nick has participated in helping high wealthindividual and large business entities with complex tax compliance, along with specializing in international, nonfor-profit tax issues, and tax ethics issues.Nick has also worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRSOffice of Professional Responsibility. Nick is a graduate of Carthage College with a BS in Accounting andBusiness, University of Connecticut with a MA in Accounting, Case Western Reserve University with a JD, andGeorgetown University with an LLM in taxation. Nick has also authored publications for the AICPA’s Journalof Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure.He also co-authored a textbook, Tax Preparer Penalties and Circular 230 Enforcement, published by ThomsonReuters. He has lectured nationally on topics such as ethics, complex tax transactions and IRS practice andprocedure.Currently Nick is an adjunct professor at the University of Mary Washington. Nick has been recognized as theTop 5 Under 35 CPAs in Virginia by the VSCPA in 2017 and is a member of the VSCPA’s Tax Advisory Committee,and the AICPA’s Tax Practice and Responsibilities Committee.

close close

Website registration for this course closes on October 27, 2017. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.

Full Description

Streamlined Tax Staff Training Complex Return Issues (STCR)

November 3, 2017

Westmark Fairbanks Hotel
813 Noble Street
Fairbanks, 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 and $12.50 for each 2 hour course.

The computer can do the calculations, but some analysis and exercise of trained judgment is required as well. This fast-paced program offers "next step" training for accountants who are ready to tackle complex individual tax return issues. It is entirely focused on problem solving and application of the tax law's complex reporting requirements. Program materials include valuable check lists and quick reference guides to enhance efficiency and save valuable time.

Major Topics:
- Self-employment issues: retirement plan contributions, health insurance, self-rental
- Passive loss issues
- Calculation of individual NOL
- AMT carryforwards, carrybacks, and AMT credit
- Alimony, child support, property settlements
- 1031 exchanges
- Contribution of tangible property

Learning Objectives:
- Solve tax basis problems with mutual fund redemptions and sales
- Calculate and report AMT adjustments and preferences
- Compute an individual NOL and related carryback claim
- Identify and report tax matters associated with divorce and dependent children
- Claim "Real Estate Professional" status and make election to aggregate rental activities
- Report and claim investment interest
- Properly classify passive activities"
- Calculate and report income subject to the new "Medicare Tax" or the "Hospital Tax"
- Take full advantage of Schedule C deductions

Designed For: Accountants who will be working on individual income tax returns that involve common reporting complexities. May also be suitable for public practice.

CPE Credits: 8, Taxation

Level of Knowledge: Advanced

Prerequisite: Basic knowledge of tax return preparation

Acronym: STCR

Discussion Leader: Nick Preusch CPA, JD, LLM