NSA is Working for You After Tax Season

A Message from the President, June 2017

Al Giovetti
Alfred Giovetti, CPA, ABA, ATA, ARA
NSA President 2016-2017

I hope you all survived income tax season profitably and in good health.  Every year, after tax season, we tell the same stories and make the same observations, like statements from brokerage houses come later and later, clients seem to procrastinate more, refunds seem smaller, and so on.  In reality, somethings change, but many stay the same.

On April 25, 2023 the Internal Revenue Service released statistics for this past tax season.  This year, the IRS received 135.6 million returns, which is very close to what they received last year.  There was an influx of 17 million tax returns received during the week ending April 21, 2017, and a slight increase in the number of extensions to 11.6 million, which is  0.9 % higher than last year.  Considering all the statistics from IRS, they seem to confirm that this was an unremarkable tax season.

With the end of tax season, the continuing education season begins.  This spring and summer, we have a full line up of ConnectED webinars, on topics including ethics, representation, penalties and estate planning. You can the complete list of live and on-demand webinars and register on https://nsansawebinars.nsacct.org//.

NSA’s committees come alive after tax season with the important work of serving the membership.  NSA always needs more volunteers, so keep a look out for new opportunities to serve your profession. NSA is accepting applications for the 2017-2019 Leadership Development Program, a two year program that encourages members to develop leadership skills and give back to the profession through volunteering-whether with NSA, at your Affiliated State Organization, at your workplace, or for a related professional organization.  Visit http://www.nsacct.org/LDP to learn more and apply.

The NSA Legislative Strategy & Leadership Networking & Training Conference (LNC) will be held in Phoenix on July 24 - 25, 2017.  This year’s theme is “Motivate…Engage…Lead…Succeed!” and the program will cover leadership topics and emerging legislative issues, just to name a few. For more information and to register, go to www.nsacct.org/lnc.

Immediately following the Legislative Strategy, Leadership Networking & Training Conference, a full-day State Director training will be held on Wednesday, July 26th at the same hotel.

Early Bird registration is now open for the 72nd Annual NSA Convention from August 21-24, 2017 at the Nugget Hotel and Casino Resort in Reno, Nevada – the bowling capital of the world. Don’t worry if your tastes expand beyond bowling and gambling; Reno is a short drive from the attractions and amenities of Lake Tahoe and other natural wonders.

The Annual Convention isn’t just for recreation. This year, attendees can earn up to 16 hours of CPE credit in accounting, tax and ethics. Four hours of accounting topics on Wednesday, August 23 include Current Cases in Accounting Fraud, Fiduciary Accounting and Form 1041, Statement of Cash Flows and Trends in Peer Review. A special two-day  Tax Planning Boot Camp on Wednesday, August 23 and Thursday, August 24 will cover common and not-so-common tax planning strategies with case studies and planning spreadsheets on  individual tax planning, retirement planning, gift & estate planning and business tax planning. Also on Thursday, two-hour of ethics will be presented in Ethics – A Tax Professional’s Friend.

Be sure to check out the full CPE schedule on the Annual Convention website for more details. There are a number of registration options for the convention. You can register for the whole package, including CPE sessions and social events or for one or two days of your choice. A la carte tickets for social events are also available.  More details and registration information here. Register by July 8 for early bird pricing and save up to $100.

The NSA Live Enrolled Agent Exam Review Course and ATP Course/Exam will also be held in Reno August 20 - 22. The NSA EA Review Course is a comprehensive and intensive—class to help attendees pass the EA exam the first time. Day one of the EA course, Individuals, will also cover content to help those interested pass the Accredited Tax Preparer (ATP) exam and earn the ATP credential.

The ATP exam will be offered onsite on August 21st. The Accredited Tax Preparer credential—offered by the Accreditation Council for Accountancy and Taxation—is recognized by the IRS and ATPs have exempt status with the IRS Annual Filing Season Program (AFSP). Believe me, the ATP is a win-win for tax practitioners.

If you can’t make the course and annual convention, the NSA also offers self-study courses and webinars to help you prepare for the Enrolled Agent Exam. Visit http://www.nsacct.org/education-events/eaexamprep to learn more.

The Accreditation Council for Accounting and Taxation (ACAT) offers study materials for the ATP Exam, and you can learn about those at http://www.acatcredentials.org/acatcredentials/atp.

Should you have any concerns or needs, please contact us.  We stand ready to help you in any way that we can.  Call me at 410-747-0396 and leave a message or write me at algiovetti@gmail.com.

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