National Tax Education Program

Transcription

1 New Central Location: Close to Chicago Airports! National Tax Education Program Wyndham Lisle Chicago Hotel & Executive Meeting Center Lisle (Chicago), IL The premier tax training school that informs, educates and helps tax practitioners grow their practice. Week 1: June 13-17, 2011 Week 2: June 20-24, 2011 Week 3: July 11-15, 2011 Week 4: July 18-22, 2011 Group discounts available! 40 CPE credits per week Past Participants and Tax/PCPS Section Members Save an additional $100 Learn more or register cpa2biz.com/conferences

2 Tax experts conduct intensive, hands-on training programs to teach new skills, revitalize old ones, and help make your firm more profitable. Every year, tax practitioners are faced with challenges that require learning new skills and up-to-date information that will enable them to successfully compete in today s world of tax accounting. The 2011 AICPA National Tax Education Program is designed to help them do just that by offering four educational programs each a week long taught by world-renowned tax experts. It s not a conference, but rather a highly-focused tax training school that includes pre-class homework assignments and classroom training at all levels, from beginner to more advanced. In just five days, you ll leave with a year s worth of training. Effective Learning. Cost-Effective Training. Our week-long educational programs offer four different levels of expertise to provide flexibility in meeting specific training needs. It s also a cost-effective way to train your staff. Even if staff attended last year, they can attend the next level of training. Group Discounts Send staff members to one or more training weeks and receive a special discount. See registration form for details. The group discount rates apply even if your employees attend different sessions. Key Topics: Individual Taxation Tax Research Property Transactions C and S Corporations Partnerships and LLCs Buying and Selling Businesses Advanced Flow- Through Entities New Chicago Location! Wyndham Lisle, Chicago The Wyndham Lisle, conveniently located between Chicago O Hare and Midway airports, is the perfect destination for both business and relaxation. Then, after a day of sessions, take the hotel s complimentary shuttle to Naperville to experience the fine stores and restaurants that surround the Riverwalk area, or head to downtown Chicago, 30 minutes away. Sign up to become a Wyndham Rewards Member and receive complimentary Internet access in your guest room plus additional perks during your stay! From beginner to more advanced there is a program designed to meet everyone s needs. Week 1: June For those with 1 2 years tax experience; attendees learn about tax research, individual income tax, passive losses and AMT, property transactions and depreciation. Week 2: June This program focuses on C and S corporation taxation, accounting methods and periods, tax exempt organizations and multistate taxation. Week 3: July This week focuses on partnerships and LLCs as well as fiduciary income taxation and transfer taxes. Week 4: July These sessions provide advanced topics in C corporation tax issues and touch upon issues related to S corporations. Register now! cpa2biz.com/conferences

3 Program Agenda Topics and schedule are subject to change Week 1: June 13-17, 2011 Basic level of tax experience Monday/Tuesday Introduction to Tax Research Skills Basic research tools Authoritative sources for tax research Computerized tax research Contents of the tax library Research cases Hands-on applications Avoiding penalties Wednesday Overview: Individual Taxation Income determination Deductions and limitations Determination of tax liability, including AMT Tax planning opportunities Interest expense Passive Activity and AMT Passive activity losses Limitations Credit and carryovers Activities defined Alternative minimum tax Thursday/Friday Property Transactions/Depreciation Basis Gratuitous transfers Like-kind exchanges Sale of a principal residence Capital gains and losses Depreciation and recapture Involuntary conversions Property transfers in divorce Participants will need a laptop for the Monday program of Week 1. Laptops will not be needed for other classroom work, but will be useful for evening homework. Week 2: June 20-24, 2011 Intermediate level of tax experience Monday/Tuesday/Wednesday C Corporations Deduction, income and credits Related party transactions Schedule M-1 and M-3 Carryovers and carrybacks Controlled groups Selection of entity Distributions S Corporations Qualification, election and termination Distributions and accumulated adjustments account Built-in gains tax Basis calculations Allocations and flow-through Compensation and fringe benefits Employment taxes Eligible shareholders Qualifying trusts Losses Thursday Multistate Taxation Unitary and combined reporting Nexus standards: income vs. sales tax Allocation and apportionment Sales and use tax implications Accounting Methods and Periods Changes in periods and methods Cash method eligibility Inventories Uniform capitalization rules Friday Tax Exempt Organizations Filing requirements Qualifications Unrelated business income Private foundations Excise taxes Important! Advance Work Requirement Pre-Program Information: For Weeks 1 & 2, advance work will be done using an e-book, and participants will receive a textbook on site. For Weeks 3 & 4, participants will receive a link to an online module for advance work and receive a workbook on site. In order to guarantee delivery of the program s advance preparation materials prior to the start of each week, you must register by 6:00pm EST on 4/23/11. If you register after this date, we will attempt to provide you with the advance preparation materials but cannot guarantee you will receive them before the start of the program. Please note: For all weeks, additional details on the advance work will be sent via to each participant on 5/3/11. To ensure you receive the advance work , it is important that you register using the address of the individual who will actually be attending the program. Also, add service@aicpa.org to your safe sender list. Due to the nature of this program and the advance work requirement, those attendees registering later than noon on the Friday prior to the beginning of their program may not receive their instructions for advance work until the first business day of the program. Please note that some e-course work requires a unique identifier based on the attendee s and transfer of a registration to another attendee may result in an additional fee. Register now!

4 Week 3: July 11-15, 2011 Advanced level of tax experience Monday Introduction to Estate and Gift Taxation Computation of the taxable estate Credit portability and marital and credit trusts Valuation and discount rules Determination of taxable gifts Preparation of Forms 706 and 709 Tuesday Income Taxation of Estates and Trusts Determination of trust and beneficiary taxable income Preparation of Form 1041 Wednesday/Thursday/Friday Partnerships, LLCs and LLPs Classification issues Formation Basis computations Allocations and distributions to partners Partner/partnership transactions Sale of partnership interest Single member LLCs Check-the-Box regulations Steering Committee Coordinators: William Kulsrud, Indiana University, Indianapolis, IN Steven Thompson, Texas State University, San Marcos, TX Members: Douglas D. Funke, Honkamp Krueger & Co., PC, Cedar Rapids, IA Kenneth D. Klemm, Schenck SC, Green Bay, WI Bud Sartain, Hogan Taylor LLP, Tulsa, OK Lisa Workman, BKD, LLP, Springfield, MO AICPA Staff: Barbara Berman, Durham, NC Brandi Delany, Durham, NC Lisa Gebler, Durham, NC Abe Schneier, Durham, NC Week 4: July 18-22, 2011 Advanced level of tax experience Monday Special Problems of C Corporations Controlled groups Personal service corporations Accumulated earnings tax Personal holding company tax Stock redemptions Liquidations of C and S corporations Effect on shareholder and corporation Liquidations of subsidiaries Loss recognition limitations Tuesday Buying & Selling C and S Corporations Taxable acquisitions: sale of assets vs. sale of stock Purchase price allocations Mergers and acquisitions Divisions: spin-offs, split-offs, spit-ups Deemed asset purchases Section 338 Wednesday Section 382 and Limitation on Losses Choice of Entity Considerations Carryover of tax attributes Limitations on NOLs and built-in losses Partnerships, LLCs, S and C corporations Advantages and disadvantages Thursday Advanced Topics in Flow-Through Entities Advanced S corporation topics Partnership terminations, mergers, consolidations and divisions Advanced liability issues Thursday/Friday Consolidated Returns Affiliated groups and eligibility requirements Intercompany transactions NOLs and the SRLY limitations Overlap rules Loss disallowance rules and consolidated Section 382 Investment adjustments accounts and special elections All programs commence with registration on Monday at 8:00 am and conclude on Friday at 12:30 pm

5 4 Ways to Register Fast ONLINE*: PHONE*: or FAX*: or MAIL: Complete and mail the form along with your promotion code and payment to: AICPA Member Service Center, Conferences, 220 Leigh Farm Road, Durham, NC *Credit card registration only (American Express, Diners Club, Discover, MasterCard or VISA ) RECOMMENDED CPE CREDIT 40 per week This conference was prepared in accordance with the Joint AICPA/NASBA Statement on Standards for Continuing Professional Education (CPE) Programs effective on January 1, The recommended CPE Credits are in accordance with these standards; however, your individual state board is the final authority on the acceptance of programs for CPE credit. CONFERENCE FEE Registration fees are determined by current membership status in the AICPA. Please indicate member number on the registration form to obtain the correct discount. Conference fee includes all sessions, conference materials, continental breakfasts, refreshment breaks and a reception. GROUP REGISTRATION Registration for 2 or more individuals at the same time may qualify for group discounts; additional savings may be available for groups of 10 or more. For more information please call the AICPA Service Center at (9AM-6PM ET). Program Code: See registration form dress code Business Casual ADVANCE PREPARATION MATERIALS In order to guarantee delivery of the program s advance preparation materials prior to the start of each week, you must register by 6:00 pm EST on 4/23/11. If you register after this date, we will attempt to provide you with the advance preparation materials but cannot guarantee you will receive them before the start of the program. Please note: For all weeks, additional details on the advance work will be sent via to each participant on 5/3/11. To ensure you receive this , please register using the address of the individual who will be actually attending the program. Also, add service@aicpa.org to your safe sender list. CANCELLATION POLICY Full Refund CREDIT VOUCHER LESS 50% OF REGISTRATION FEE No Refund After Week 1 before 4/28/11 4/29/11-5/23/11 5/24/11 Week 2 before 5/6/11 5/7/11-5/30/11 5/31/11 Week 3 before 5/27/11 5/28/11-6/20/11 6/21/11 Week 4 before 6/3/11 6/4/11-6/27/11 6/28/11 HOTEL INFORMATION Contact the hotel directly to obtain their policy on reservations, deposits and cancellations. Rooms will be assigned on a space-available basis only. Note, this conference is expected to sell out, so please make hotel arrangements as soon as possible. To receive our special group rates mention that you will be attending the AICPA National Tax Education Program. Hotel Reservation Cutoff Date: Classes will be held at: Week 1: May 15, 2011 Wyndham Lisle, Chicago Hotel & Executive Meeting Center Week 2: May 22, Warrenville Road Lisle, IL Week 3: June 12, 2011 Hotel Phone: /Hotel Reservations: Week 4: June 19, 2011 Hotel Rate: $115 single/double Guest Room Internet Access: Sign up to become a Wyndham Rewards Member and receive complimentary Internet access plus additional perks during your stay! To sign up, please visit it s free to join! Please visit for additional hotel accommodations information. AIRLINE INFORMATION The AICPA has a special arrangement with Maupin Travel, Inc. of North Carolina to assist you with your travel arrangements. This travel agency may be reached at If you prefer to make your own travel plans, be sure to mention the participating airline s reference number (listed below) to take advantage of deeply discounted Zone Fares that do not require a Saturday night stay-over. Discounts are valid for round trip registered AICPA meetings or conferences only. Some restrictions may apply. American Airlines Index #21445 United Airlines Refer to Meeting ID #531SI Delta Airlines Refer to Meeting ID #NM66P For up-to-date airline information regarding special travel discounts, please visit cpa2biz.com/conferences. Due to recent airline industry fare restructuring, we cannot guarantee that the above group travel agreements will be in effect at the time when you are making your travel arrangements. Please contact the airline and/or your travel agency for latest applicable discounts and arrangements. CAR RENTAL Hertz Car Rental AICPA Member Discounts: Call Ref. Code CV#021H0018. Airline and car rental discounts are available only when you or your travel agent book through the 800 number. We strongly advise you to confirm your conference registration and hotel reservation prior to making your travel plans. Learn more or register cpa2biz.com

6 AICPA Store/Cpa2Biz 220 Leigh Farm Road Durham, NC National Tax Education Program New Chicago Location! To register: National Tax Education Program cpa2biz.com/conferences Prsrt-std U.S. Postage PAID AICPA/CPA2biz Membership/registration information AICPA Member? Yes No AICPA Member No. Nickname for Badge B business Telephone Title Conference fees Please circle appropriate rate. Chicago, IL Tax/PCPS AICPA Non- Member Member Member Price Per Week Regular Registration $1,150 $1,250 $1,550 Group Pricing Per Week (per person) Team Discount (2 9) $1,075 $1,175 $1,475 Team Discount (10 20) $1,050 $1,150 $1,450 Team Discount (21+) $1,025 $1,125 $1,425 Payment information Full payment must accompany registration form. My check for $ payable to AICPA is enclosed. OR Please bill my credit card for $ American Express Diners Club Discover MasterCard Visa CARD NO. EXP. DATE BILLING NAME Address Total $ $ $ SIGNATURE Please photocopy this form for additional registrants. If the information on your label is incorrect, please complete the following: LAST NAME F first NAME MI Conference Planner (select all that apply) Week 1: June 13 17, 2011 Program Code: 1EDUC11 Week 2: June 20 24, 2011 Program Code: 2EDUC11 Week 3: July 11 15, 2011 Program Code: 3EDUC11 Week 4: July 18 22, 2011 Program Code: 4EDUC11 AICPA Use Only 1-4EDUC11 Customer No. Promotion Code Firm name or Affiliation STREET ADDRESS SUITE PO BOX CITY S state ZIP In accordance with the Americans with Disabilities Act, do you have any special needs? Yes No (If yes, you will be contacted.) 11CPA EDUC