NSA ConnectEd Webinar Schedule Spring-Summer 2017

The NSA offers top-tier professional development webinars for today’s accounting and tax professional. NSA ConnectED webinars are offered both live, and on-demand for the convenience of tax and accounting professionals.

 For a complete list of all NSA ConnectEd webinars, go to: https://nsansawebinars.nsacct.org/.

Order four or more live or archived webinars in one order and receive a 20 percent discount.

Basis Issues for Estates
Tuesday, June 6, 2023
2:00-3:00 pm (EDT)
IRS CE: 1 Hour/Federal Tax Law
NASBA CE: 1 Hour/Taxes

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Being an executor for an estate is a difficult job that involves probating the will, identifying heirs, and inventorying and distributing estate assets.  Understanding how to value the estate assets and provide the basis to be used by beneficiaries is another important, but challenging task.

This webinar will examine the methods used to establish this estate valuation and new basis for the beneficiaries, as well as look at the use of the alternate valuation date and post-mortem techniques for improving the estate tax and income tax aspects of both the decedent’s final returns and the heirs moving forward.  The new basis consistency and information reporting requirements will also be covered.

Presented by Eric A. Smith, ATP, CFP, CLU, ChFC, CRPC

Your Bankruptcy Questions Answered
Wednesday, June 7, 2023
2:00-4:00 pm (EDT)
IRS CE: 2 Hours/Federal Tax Law
NASBA CE: 2 Hours/Taxes

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What role do you play in your client’s bankruptcy? Expand your working knowledge and your understanding regarding the specialized area of taxation and tax management dealing with bankruptcy.

This webinar taught by expert speaker Robert E. McKenzie will enhance your understanding of what pushes a person towards bankruptcy and how this can affect the tax returns you prepare for them and the money they owe to the IRS.

You will learn about the taxation issues raised by bankruptcy, the special rules for taxation of individuals in Chapter 7, 13 & 11, the discharge of indebtedness and the taxes discharged by bankruptcy and review filing obligation in Chapter 7, Chapter 11 and Chapter 13, and also explore more of unusual taxation situations and consequences.

Presented by Robert McKenzie, EA, ESQ

EA Exam Prep Part 2: Businesses Part 1
There are two 3-hour webinars devoted to Part 2 - Businesses of the Enrolled Agents Exam
Thursday, June 8, 2023
1:00-4:00 pm (EDT)
IRS CE: 1 Hour/Federal Tax Law; 1 Hour/Federal Tax Law Update; 1 Hour SEE Exam Preparation
NASBA CE:3 Hours/Taxes

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This webinar will cover ten topics often tested on Part 2, including business income and expense topics applicable to all businesses, sales or exchanges of business properties, and partnership taxation. Materials include several comprehensive diagrams covering such topics as MACRS rules, tax-deferred exchanges, Sec. 1231 property nettings, depreciation recaptures, and partnership formations. Length: 3-hours.
1. Business Income: Special Inclusion Rules
2. MACRS Cost Recovery Deductions
3. Business Bad Debt Deductions
4. Tax-Deferred Exchanges
5. Sec. 1231 Gains and Losses
6. Depreciation Recaptures
7. Self-employment Taxes, Estimated Taxes, ACA Penalties, and Other Special Computations
8. Partnerships: Formation Issues at Under Sec. 721
9. Partnerships: Reporting Partnership Income and Guaranteed Payments
10. Partnerships: Distributions and Sales of a Partnership Interest

• Sample questions for each topic are interspersed within the presentation and will be worked on and explained.
• Test-taking tips and tricks will be emphasized.
• You’ll also receive a link to the “Top 150” questions per part—essential questions complete with explanations on topics that you will absolutely need to master to pass the EA exam.

Presented by John O. Everett, CPA, Ph.D., and Cherie J. Hennig, CPA, Ph.D.

EA Exam Prep Part 2: Businesses Part 2
There are two 3-hour webinars devoted to Part 2 - Businesses of the Enrolled Agents Exam.
Wednesday, June 14, 2023
1:00-4:00 pm (EDT)
IRS CE: 1 Hour/Federal Tax Law; 1 Hour/Federal Tax Law Update; 1 Hour SEE Exam Preparation
NASBA CE:3 Hours/Taxes

This webinar will review ten topics that are often tested on Part 2 of the exam, including all tax issues related to both C Corporations and S Corporations, estate and trust income taxation, and business retirement plans. Materials include several comprehensive diagrams covering such topics corporate formation, corporate tax format, corporate distributions, and business retirement plans. Length: 3-hours.

1. C Corporations: Formation Issues Under Sec.351
2. C Corporations: Dividends Received Deduction and Charitable Deduction
3. C Corporations: Other Deductions
4. C Corporations: Capital Transactions and Related Party Rules
5. C Corporations: Earnings and Profits (E&P) Determinations
6. C Corporations: Distributions
7. S Corporations: Key Requirements
8. S Corporations: Taxable Income and Distributions
9. Estate and Trust Income Taxation: A Broad View
10. Business Retirement Plans

• Sample questions for each topic are interspersed within the presentation and will be worked on and explained.
• Test-taking tips and tricks will be emphasized.
• You’ll also receive a link to the “Top 150” questions per part—essential questions complete with explanations on topics that you will absolutely need to master to pass the EA exam.

Presented by John O. Everett, CPA, Ph.D., and Cherie J. Hennig, CPA, Ph.D.

Penalty Games: Reducing IRS Penalties
Wednesday, June 21, 2023
2:00-4:00 pm (EDT)
IRS CE: 2 Hours/Federal Tax Law
NASBA CE: 2 Hours/Taxes

Each day the Internal Revenue Service asserts millions of dollars in tax penalties against taxpayers. Many of those penalties are subsequently abated because of quality representation by experienced practitioners.

In Penalty Games: Reducing IRS Penalties, tax litigation expert Robert E. McKenzie covers the basics of the IRS’s abusive preparer program, preparer penalties, and due diligence. You’ll learn details about the IRS tax code that can substantially reduce many tax penalties asserted by the IRS against your clients.

This webinar will cover the basics of supporting reduction of IRS tax penalties. You will learn about:

• Reasonable Cause
• Ordinary Business Care and Prudence
• Internal Revenue Service Preferred Reasons for Abatement of Penalties
• A practical approach to seeking abatement of penalties

Presented by Robert McKenzie, EA, ESQ

EA Exam Prep Part 3: Representation, Practice and Procedures
Wednesday, June 28, 2023
2:00-4:00 pm (EDT)
IRS CE: 2 Hours/Ethics
NASBA CE: 2 Hours/Regulatory Ethics

This webinar will reviews ten topics that are often tested on Part 3- Representation, Practice and Procedures of the Enrolled Agents Exam. Materials include several comprehensive diagrams covering such topics as the sources of primary tax authority, possible tax preparer penalty thresholds, and indirect income estimation methods. Length: 2-hours.
1. Practice Before the IRS and Unenrolled Preparers
2. Enrollment to Practice and CPE Requirements
3. Power of Attorney Issues
4. Tax Information Authorizations (TIAs) and Central Authorization Files (CAFs)
5. Administration Proceedings for Complaints Against Enrolled Agents
6. Electronic Filing - Special Issues
7. IRS Notices of Deficiencies and Audits’
8. IRS Appeals Procedures and Court Options
9. Tax Preparers: Definitions and Possible Penalties
10. Tax Advice

• Sample questions for each topic are interspersed within the presentation and will be worked on and explained.
• Test-taking tips and tricks will be emphasized.
• You’ll also receive a link to the “Top 150” questions per part—essential questions complete with explanations on topics that you will absolutely need to master to pass the EA exam.

Presented by John O. Everett, CPA, Ph.D., and Cherie J. Hennig, CPA, Ph.D.

Death and Taxes: Estate Planning Fundamentals
Thursday, June 29, 2023
2:00-4:00 pm (EDT)
IRS CE: 2 Hours/Federal Tax Law
NASBA CE: 2 Hours/Taxes

Accountants and tax preparers are often confronted with estate tax and estate planning issues, from assisting attorneys with transfers following a client’s death to filing tax returns for trusts and estates.

This webinar will cover the basics of estate planning, including an overview on wills, trusts, and powers of attorney, as well as introduce participants to some advanced estate planning techniques. The course will also cover various tax implications involving trusts and estates, including a review of the estate tax, gift tax, and generation skipping tax.

Presented by Travis A. Greaves and T. Joshua Wu

Analyzing 990s and Expanding Not-for-Profit Practice
Tuesday, July 18, 2023
2:00-4:00 pm (EDT)
IRS CE: 2 Hours/Federal Tax Law
NASBA CE: 2 Hours/Taxes

In this webinar, we will discuss the different reporting requirements of Form 990 and its related schedules, including how to use a company’s 990 when trying to retain them as a new client. We will also look at common mistakes practitioner’s make when preparing Form 990 and ways to increase realization on preparing these returns.

Presented by Nicholas Preusch, CPA

Wading Through Murky Waters: How to Successfully Represent Your Client in Collection Matters
Wednesday, July 19, 2023
2:00-4:00 pm (EDT)
IRS CE: 2 Hours/Federal Tax Law
NASBA CE: 2 Hours/Taxes

Tax collections can be as stressful on the tax advisor as they can be on the client. There are various forms and letters that the IRS may send and a number of different collection procedures and defenses that may be employed.

This webinar will cover the foundations of tax collections, the tools the IRS has to collect outstanding tax liabilities, the options available to the taxpayer to resolve a collection case, and the procedures for reaching a resolution. Concepts to be covered include tax liens and levies, collection due process hearing, installment agreements and offers in compromise.

Presented by Travis A. Greaves and T. Joshua Wu

Solving Financial Challenges for Retirees
Thursday, July 20, 2023
2:00-4:00 pm (EDT)
IRS CE: 2 Hours/Federal Tax Law;
NASBA CE: 2 Hours/Taxes

When should I begin drawing Social Security?  How will I be able to fund my retirement? How should I choose the appropriate beneficiaries on my life insurance and retirement plan contracts? How do I adjust my investment portfolio as the economy, the markets, tax laws, and my personal situation change over time? Will I have enough money to last for the next 25 to 30 years? Will I need long-term care and how will I pay for it?  These are some of the most commonly asked questions clients have about retirement.

This webinar will help you identify and provide solutions for risk factors that can hinder a successful retirement, identify sources of cash flow to be used in retirement, and provide guidance to help clients reach their retirement goals.

Presented by Eric A. Smith, ATP, CFP, CLU, ChFC, CRPC

NSA is approved by NASBA, the IRS, ACAT, and CTEC as a provider of continuing professional education.