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P Sessions

Wednesday, November 15,
1 p.m. - 2:15 p.m.

P1. IRAs: What You Need to Know About Contributions, Conversions and Distributions

Speaker(s): George Koutelieris, Greg White
NASBA field of study: Specialized Knowledge - Technical (1.5)

Help your clients increase tax savings with IRAs. Get practical guidance on converting traditional IRAs to Roths, including when and how. Gain perspective on identifying clients who should convert IRAs, who should recharacterize IRA contributions and how to recharacterize them. Also, identify pitfalls in the IRA area and get tips on preparing waiver statements for clients who fail to take the required minimum distribution.

P2. The 7 Deadly Ethical Sins of Organizations

Speaker(s): Amanda "Jo" Erven
NASBA field of study: Behavioral Ethics - Non-Technical (1.5)

Pride. Greed. Lust. Envy. Gluttony. Wrath. Sloth. Have you ever thought of these "seven deadly sins" in terms of ethics at your firm? Explore seven potential ethical sins in organizations today, from the wrath of disingenuous leaders to the lust of those with the “move fast and break things” mentality. The question is, which of the sins will your firm fall prey to? And how can you prevent it? Unethical behavior is all around us. Analyze real-life ethics and fraud cases, dissect the "why" behind each case and distinguish ways you can detect and prevent unethical behavior at your organization.

P3. Safeguarding Taxpayer Data: A Guide For Your Required Security Plan

Speaker(s): Tommy Stephens
NASBA field of study: Specialized Knowledge - Technical (1.5)

Combatting today’s cybercriminals takes all of us working together. The IRS works with state tax agencies and the tax industry to fight these 21st-century identity thieves. Learn how to fulfill your obligations under Publication 1345, Handbook for Authorized IRS e-file Providers of Individual Income Tax Returns, as well as PTIN and 4557 considerations. Review examples of basic security steps and how to take them. Identify the signs of data theft and how to report it. Delve into examples of how to respond and recover from a data loss and examine examples of specific compliance issues found in the FTC Safeguards Rule.