MNCPA Tax Conference

J Sessions

Tuesday, November 19,
1 p.m. - 2:15 p.m.

J1. Federal Individual Tax Highlights (Repeat of B1)

Speaker(s): Pat Garverick
NASBA field of study: Taxes - Technical (1.5)

Review various federal income tax laws impacting individuals, emphasizing newly enacted tax legislation, court cases and IRS guidance. Topics will be determined based on the most recent developments up to the date of the conference.

J2. Handling Troublesome IRS Correspondence

Speaker(s): Dan Pilla
NASBA field of study: Specialized Knowledge - Technical (1.5)

Each year, the IRS mails nearly 200 million letters, notices and statements to citizens and businesses. With the wide variety of notices we face, it’s no surprise they cause mass confusion, misunderstanding and anxiety for both citizens and tax professionals. To make matters worse, the IRS announced it is reinstituting the mass mailing of millions of notices after shutting down its outgoing mailing program for years during COVID-19. Learn how to identify and respond to the five categories of enforcement notices the IRS uses, including correction notices, nonfiler notices, under-reporter notices and collection notices. Recognize what constitutes final notices that carry Collection Due Process appeals rights, and what does not.

J3. Keeping Up With the Tax Code: Basis Calculations for S Corps and Partnerships

Speaker(s): David Peters
NASBA field of study: Taxes - Technical (1.5)

Staying current with the ever-changing tax legislation is a challenge for both seasoned veterans and newcomers to the industry. Examine recent changes to tax law from a practitioner’s perspective. Explore a mix of new tax issues and areas of the code that tend to be misunderstood in a practical and straightforward way. Understand the differences in basis calculation between S-Corps and partnerships. Recognize when an owner may have debt basis.

J4. K2's Excel Part 2

Speaker(s): Tommy Stephens
NASBA field of study: Computer Software & Applications - Non-Technical (1.5)

This is a continuation of session G4. Continue to learn about many of the newer features in Excel, including using XLOOKUP as an alternative to VLOOKUP, manipulating text with new functions and the new scripting tool. Discover best practices in applying formatting to your spreadsheets, reviewing and verifying outputs, and Excel’s best feature – PivotTables.