2013 UGA COOPERATIVE EXTENSION INCOME TAX SCHOOLS

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1 2013 UGA COOPERATIVE EXTENSION INCOME TAX SCHOOLS Gainesville - November 19 & 20 Brenau Downtown Center (formerly Georgia Mountains Center) Griffin November 21 & 22 Stuckey Auditorium, UGA Griffin Campus Tifton - November 25 & 26 Tifton Campus Conference Center Statesboro December 4 & 5 Bulloch County Agricultural Center Enrollment limited to 76 Participants 8:00 a.m. until 5:00 p.m. daily PROGRAMS SPONSORED BY: Cooperative Extension, The University of Georgia Department of Agricultural and Applied Economics, College of Agricultural and Environmental Sciences, in cooperation with the Internal Revenue Service and the Georgia Department of Revenue The University of Georgia is a member of the Land Grant University Tax Education Foundation For Additional Information Please Contact: Department of Agricultural and Applied Economics Phone: (229) [email protected] THE UNIVERSITY OF GEORGIA, THE U.S. DEPARTMENT OF AGRICULTURE, AND COUNTIES OF THE STATE COOPERATING. Cooperative Extension offers educational programs, assistance and materials to all people without regard to race, color, national origin, age, sex or handicap status AN EQUAL OPPORTUNITY / AFFIRMATIVE ACTION ORGANIZATION

2 DEAR TAX PRACTITIONER: Make your reservation now to attend one of the four UGA Cooperative Extension Income Tax Schools sponsored by the Department of Agricultural and Applied Economics and Cooperative Extension, The University of Georgia. These schools are offered by The University of Georgia to experienced income tax practitioners who prepare tax returns for others. REGISTRATION The Conference Office of The University of Georgia Tifton Campus is the registrar for these programs. Please send your registration to the Conference Office in Tifton at the address shown on the form, or use our secure online registration at: Your registration fee covers all school costs, including instruction, materials and refreshments. CREDIT The UGA Cooperative Extension Income Tax Schools qualify for 16 hours of Continuing Education, including 3 hours of New Legislation and 2 hours of Ethics credit. The University of Georgia keeps records of the attendance and participation of all Tax School participants. Former Registered Tax Return Preparers: The Internal Revenue Service is currently enjoined from enforcing the regulatory requirements for registered tax return preparers. At this time, former RTRPs have no IRS mandated continuing education requirements. Enrolled Agents: The UGA Cooperative Extension Income Tax Schools are an IRS Approved Continuing Education Provider for Enrolled Agents. Certified Public Accountants: Continuing Education credit provided by the UGA Cooperative Extension Income Tax Schools is accepted by the Georgia Society of Certified Public Accountants. Attorneys: Please call (229) when registering to ascertain the CLE hours granted by the State Bar of Georgia. MATERIALS The 2013 National Income Tax Workbook, published by the Land Grant University Tax Education Foundation, Inc. is the text used in these schools. One copy of the workbook will be provided to each registrant. The workbook is only available as a part of the schools registration. REGISTRATION CONFIRMATION Confirmation of your registration and directions to your school location will be mailed to you. A receipt for your registration fee will be available at the beginning of each school. CHANGES, REFUNDS AND CANCELLATIONS There is a $15 fee for changing school locations after registration. Refunds will be made if requested at least one week before the beginning of the school. A $25 service fee will be deducted from the registration fee for all refunds. Substitution of participants is permitted with advance notice to facilitate registration. A full refund will be made if any school is canceled due to insufficient enrollment. In the event of a cancellation, UGA Cooperative Extension will not be responsible nor liable for any cancellation charges assessed by airlines, travel agencies or hotels. WE WANT TO HELP For additional information on content or topics, please contact the Department of Agricultural and Applied Economics in Tifton at (229) If you have a physical impairment and require assistance, please let us know by checking the block on your registration form, so that we may contact you and best accommodate your needs. OTHER UGA INCOME TAX COURSES For information on The University of Georgia Center for Continuing Education 2013 Income Tax programs, please contact Venus Stone at [email protected], (706) or (800)

3 2013 UGA COOPERATIVE EXTENSION INCOME TAX SCHOOLS: 2013 NATIONAL INCOME TAX WORKBOOK TOPICS New Legislation The Three hours of New Legislation instruction will include three Workbook chapters: Affordable Care Act Medical Loss Ratio Rebates Net Investment Income Tax Additional Medicare Tax Other Revenue Provisions Mandatory Health Care Coverage in 2014 Employer Requirement for 2015 New Legislation Defense of Marriage Act Individual Income Tax Rates Individual Taxpayer Credits Individual Taxpayer Deductions and Exclusions Retirement Plans Business Deductions Business Credits Estate and Gift Taxes Rulings and Cases Summaries of selected rulings and cases that were issued from late 2012 through August 2013 are organized by subject matter to help participants find topics of interest. The chapter also provides an update on issues that are being addressed by the IRS and the courts. Ethics Two hours of continuing professional education in Ethics required annually for Enrolled Agents and Registered Tax Return Preparers will be addressed in the Ethics chapter. The chapter applies ethical philosophy to practical situations encountered by practitioners in return preparation. Cross references to Circular 230 provide guidance on resolving ethical issues in the context of the IRS rules governing tax return preparation. Additional materials beyond those published in the Workbook may also be used. Picture of an Ethical Person Case Studies (based on Tax Court cases) Evaluating Personal Ethical Standards Hiring Employees in a Tax Practice Firing Employees Return Preparer Program Circular 230 Issues Other Chapters and Topics Agricultural Issues Commodity Wages in Agriculture Employer provided Meals and Lodging H-2A Program Agricultural Workers Depreciation and I.R.C. 179 Expensing Livestock Sales and Losses Net Investment Income Tax and Farmers Tax Consequences of Receiving a Grant Unicap Rules for Farmers Business Entities Exchange of Business Assets Sale of the Business Entity Treating a Stock Deal as an Asset Exchange for Federal Income Tax Purposes Business Issues Home Office Deduction Safe Harbor Form W-2 Preparation One Participant 401(k) Plan DPAD Checklist Form 3115 for New Repair Rules Construction Contractors Accounting Methods Classification of Contracts Percentage of Completion Method Employee versus Independent Contractor Domestic Production Activities Deduction New Energy-Efficient Home Credit Lease vs. Purchase of Equipment Cost Allocation Tax Issues in Divorce Filing Status Qualifying Children Alimony and Child Support Property Settlements Tax Attributes and Carryovers Estate Planning Issues for Tax Practitioners

4 Schedule E (Form 1040) Rental Income and Expenses Flow-through Entity Income and Losses Taxation of Trust Beneficiaries Income from Partnerships S Corporation Shareholders Notice of Inconsistent Treatment Education Provisions Options for College Savings Scholarships, Grants and Loans Credits and Deductions Students with Special Needs Application of the Rules Individual Taxpayer Issues U.S. Savings Bonds Gambling Income Reporting Capital Gains Military Disability Pay Clergy Housing Allowance IRS Issues (Final Issues and Content to be determined) Cancellation of Debt Voluntary Classification Settlement Program ITIN Program Changes for 213 Trust Fund Recovery Penalty Collection Actions by Revenue Officers Streamlined Installment Agreements Form W-2C E-Services Online Tools and Resources Identity Theft National Crackdown IRS Campus Operations Itemized Deductions Medical Expense Deduction Taxes Interest Gifts to Charity Casualty and Theft Losses Other Itemized Deductions Phase-out of Itemized Deductions Tax Planning with Itemized Deductions Natural Resources Oil and Gas Tax Issues Coal Tax Issues Timber Tax Issues Tax Practice Consent Statements Conflict of Interest Waivers EIC Due Diligence Requirements Firing a client Records Retention Data Security Abatement of Penalties Trust Fund Penalty assessed by Revenue Officers. Tax Rates and Useful Tables This chapter reports the updated income tax rates and other income tax rates and thresholds that adjust each year. GEORGIA INCOME TAXES Information on income tax legislation enacted during the 2013 Session of the Georgia General Assembly will be provided. INSTRUCTORS Ann G. Grubbs, CPA is a tax professional and QuickBooks Pro advisor in Tifton, GA specializing in professional service firms and closely-held businesses. She has previously taught accounting and taxation at Abraham Baldwin Agricultural College and Darton College. She holds a Master of Business Administration degree from Valdosta State University, and is a member of the AICPA and NATP. Keri Jones, CPA is a licensed CPA by the Georgia State Board of Accountancy, a member of the American Institute of Certified Public Accountants, and a member of the Georgia Society of Certified Public Accountants. She practices public accounting at Allen Pritchett & Bassett, LLP in Tifton, GA and specializes in auditing & attestation engagements as well as tax services for businesses and individuals. She is a member of the Leadership Georgia Class of 2013 and is a graduate of Valdosta State University (BBA Marketing), Georgia Southwestern State University (BBA Accounting), and Abraham Baldwin Agricultural College. Keith D. Kightlinger is a UGA Extension Economist, and the coordinator of the UGA Cooperative Extension Income Tax Schools. He is the Georgia representative to the the Land Grant University Tax Education Foundation and a member of the National Farm Income Tax Extension Committee. He is a graduate of the University of Illinois (MS Agricultural Economics) and has more than 30 years of experience in tax return preparation and tax issues education and consultation.

5 REGISTRATION 2013 UGA COOPERATIVE EXTENSION INCOME TAX SCHOOLS You may also register online at our secure website: Online registration accepted with credit card payment only. For registration information, please call the Tifton Campus Conference Office at (229) This form may be duplicated and distributed without restriction. Registration by mail CONFERENCE OFFICE, UGA TIFTON CAMPUS, Mail Completed form to: 2360 RAINWATER RD, TIFTON, GA Name Business Address UGA CE Identification (First 3 letters of last name, plus date of birth MMDDYY) City State Zip ( ) Address Change Special Needs: Please contact me Business Phone( ) County Address ( )First Time Enrollee PTIN NOTE: Enrolled Agents must provide their PTIN to receive Continuing Education credit. All Tax School participants are encouraged to provide their PTIN. Status: Enrolled Agent CPA Other (describe) Please indicate the site you will attend. If consecutive day attendance is not possible, please contact Keith Kightlinger at (229) , or at [email protected] to discuss your circumstances, and options. Gainesville November 19 & 20 Griffin November 21 & 22 Tifton - November 25 & 26 Statesboro December 4 & 5 Enrollment limited to 76 Participants by Fire Marshal s regulations REGISTRATION FEES UGA Cooperative Extension Income Tax School (16 hours CE) $ Late Registration Fee (if postmarked after Thursday 11/07/2013) TOTAL ENROLLMENT FEE $ Payment Method: Check (Payable to FARM INCOME TAX SCHOOL) Charge to: Mastercard Visa Discover American Express Card Number Expiration Date / Security Code (Cardholder s signature as it appears on credit card)

6 2013 UGA COOPERATIVE EXTENSION INCOME TAX SCHOOLS Gainesville - November 19 & 20 Tifton - November 25 & 26 Brenau Downtown Center UGA Tifton Campus (formerly Georgia Mountains Center) Conference Center Griffin - November 21 & 22 Statesboro December 4 & 5 Stuckey Auditorium, UGA Griffin Campus Bulloch County Ag. Center