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    2020 Napa Valley Special Topics Workshop
    July 20 - 22, 2020
    15 CPE
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    Napa Valley Wine Train
    There's something magical about a train ride.

Special Topics Workshop

15 CPE

Napa Valley, CA: July 20, 21, & 22, 2020

Join us in the legendary, enchanting Napa Valley, home to award-winning wineries, gourmet food, beautiful scenery and vineyards. Enjoy Napa’s scenic beauty, cutting edge culinary environment, first-rate lodging, arts community, spas, weather and hospitality or spending time in nearby Sonoma or San Francisco. You’ll be taking CPE courses from NSTP’s foremost instructors, while meeting other tax professionals from around the country.

Instructor: Paul La Monaca, CPA, MST & Serge Gautron EA

Course Description: This course starts with the basic issue that §61 provides that everything is income from whatever source derived unless there is a specific exception exemption or exclusion. Bartering, GIG Economy Sources and Cryptocurrencies are none of these and therefore are all includible in a taxpayer’s gross income!

  • The course will discuss reporting requirements when taxpayers receive and disburse goods and services when not using legal tender (U.S. Dollars).
  • The course will discuss the IRS’s recent creation and launching of its’ “GIG Economy Tax Center” aimed at helping GIG Economy participants in understanding their obligations to meet their compliance in reporting and paying their U.S. Tax obligations. Tax Policymakers are looking deeply into ways that GIG Economy platforms can be developed for individuals and small businesses to satisfy their compliance issues.
  • The solution toward decreasing the $406B Annual Tax Gap is a challenge being reviewed from all angles by the IRS, Congressional Research Center and White House Budget Office.
  • The course will introduce participants to the new world of Cryptocurrency which has been entering into the U.S. Economy in full force for over a decade.

This section of the course will discuss the following topics:

  • History of Cryptocurrency
  • Defining Cryptocurrency and Virtual Currency
  • Initial Coin Offerings (ICOs)
  • Blockchain
  • Cryptography
  • Exchanges
  • Crypto Wallets for multiple cryptocurrencies

Virtual Currency Events such as:

  • Soft Forks
  • Hard Forks
  • Airdrops

Federal Income Tax Issues such as:

  • IRS Notice 2014-21 stating that cryptocurrency is property for tax purposes
  • Updated IRS Website Q & A
  • John Doe Summons on Coinbase
  • Recent Letters from Ways & Means Committee to IRS on Compliance Issues
  • Revenue Ruling 2019-40
  • IRS Letters 6173, 6174 and 6174A sent to 10,000 Taxpayers in August 2019
  • Basis Issues when dealing in cryptocurrencies
  • Form 8949 Reporting
  • and much, much more

Learning Objectives: At the conclusion of this course, the participants will have a stronger base for discussing issues surrounding Barter, The GIG Economy, the Tax Gap and the new world of Cryptocurrency. As a Tax Professional, the participant will have acquired a base of new terminology needed for reporting in a cashless society as it impacts Federal Tax Law and compliance requirements for all Americans.

CPE Program Standards

  • CPE Credits: 5 CE
  • Course Level: Intermediate
  • Prerequisite: Knowledge of Federal Tax Law
  • Advance Preparation: None
  • Delivery Method: Group Live

Scheduled Times

  • Registration: 7:30 AM
  • Session Begins: 8:00 AM
  • Session Concludes: 1:00 PM

Category

  • IRS: 2 - Federal Tax Law Topics | 3 - Federal Tax Law Update
  • NASBA: 5 - Taxes
  • CTEC: 2 - Federal Tax Law Topics | 3 - Federal Tax Law Update

Instructor: Paul La Monaca, CPA, MST

Course Description: This course will introduce Tax Professionals to various income tax elections available to taxpayers at every level. It will cover individuals, partners and partnerships, shareholders and corporations, both C and S Corporations as well as beneficiaries and their estates and trusts. The course will discuss when, how and why the elections can and should be made. It will discuss the format for making the election as well as whether the election is revocable, irrevocable, automatic or only with permission of the IRS.

Learning Objectives: At the conclusion of this course, the participants will have attained a significant amount of knowledge on which elections are available for each type of taxpayer whether filing an IRS Form 1040, 1041, 1065, 1120 or 1120-S. The Tax Professional will be exposed to the methods and procedures needed in order to make valid timely federal tax elections. 

CPE Program Standards

  • CPE Credits: 5 CE
  • Course Level: Intermediate
  • Prerequisite: Knowledge of Federal Tax Law
  • Advance Preparation: None
  • Delivery Method: Group Live

Scheduled Times

  • Registration: 7:30 AM
  • Session Begins: 8:00 AM
  • Session Concludes: 1:00 PM

Category

  • IRS: 3 - Federal Tax Law Topics | 2 - Federal Tax Law Update
  • NASBA: 5 - Taxes
  • CTEC: 3 - Tax Law Topics | 2 - Tax Law Update

Instructor: Nina Tross, EA, MBA

Course Description: This program provides an in-depth look at the enactment of the “Taxpayer First Act” which amends the Internal Revenue Code providing for the modernization and improvement of the Internal Revenue Service. It also is an effort to strengthen taxpayers rights as prescribed by the “Taxpayer Bill of Rights”. The course will discuss the following important provisions of the new Law:

  • Establishment of an Independent Office of Appeals
  • Sensible Enforcement Issues by the IRS
  • Organization Modernization
  • Bringing the IRS into the 21st Century for issues of Cybersecurity and Identity Theft
  • Development of New Information Technology
  • Modernization of Consent-based Income Verification Systems
  • Expanded Use of Electronic Systems
  • Reform of Laws Governing IRS Employees
  • Provisions Relating to Exempt Organizations
  • Revenue Provisions Increasing the Penalty for Failure to File Returns
  • and much more

The course will also provide an update of the issues, actions and achievements of the IRS Security Summit.

Learning Objectives: At the conclusion of this program participants will have an improved knowledge of the internal changes being made inside the IRS and the improvements for better serving taxpayers and protecting their rights under the law as well as better protecting their information in a more secured environment. In Addition, the participants will be brought up to date on the Security programs instituted with the IRS and their partners in the industry.

CPE Program Standards

  • CPE Credits: 5 CE
  • Course Level: Introduction
  • Prerequisite: Knowledge of IRS Processes and Federal Tax Law
  • Advance Preparation: None
  • Delivery Method: Group Live

Scheduled Times

  • Registration: 7:30 AM
  • Session Begins: 8:00 AM
  • Session Concludes: 1:00 PM

Category

  • IRS: 2 - Federal Tax Law Topics | 3 - Federal Tax Law Update
  • NASBA: 5 - Taxes
  • CTEC: 2 - Federal Tax Law Topics | 3 - Federal Tax Law Update

2020 Napa Valley, CA - Special Topics Workshop

July 20 - 22, 2020

Executive Members: Must Call to Register, No Online Registration

$0

Members

$459.00

Non-Members

$559.00

Register Now!

Schedule

July 20, 2020

July 21, 2020

July 22, 2020

Registration 7:30 AM - 8:00 AM 7:30 AM - 8:00 AM 7:30 AM - 8:00 AM
Session Begins 8:00 AM 8:00 AM 8:00 AM
Session Concludes 1:00 PM 1:00 PM 1:00 PM

2020 Napa Valley Special Topics Agenda

July 19 - 22, 2020

Day Time 2020 Napa Valley Events
July 19, 2020 9:30am – 4:15pm Wine Tour/Tasting/Lunch More Info

Embassy Suites by Hilton Napa Valley

Embassy Suites by Hilton Napa Valley

Enjoy the resort-like setting of Embassy Suites by Hilton Napa Valley. Experience our stylish lobby, restaurant, meeting/event space, and atrium while exploring our seven acres of landscaped grounds. The idyllic surroundings of our Napa Valley hotel include palm trees, rose garden, Chef’s garden and a mill pond with resident swans and year-round pool.

Located in the heart of Napa Valley one mile from historic downtown Napa, CIA at Copia, and Oxbow Public Market, the hotel is the perfect gateway to Napa wineries, dining, shopping, and unique tours.

Wake up to a free made-to-order breakfast and wind down with beverages from the complimentary Evening Reception* in the relaxing Atrium or near a firepit by the mill pond. Enjoy some fresh air with a swim in the outdoor pool or take advantage of the indoor pool and whirlpool. Stay fit in our on-site state-of-the-art fitness center. Explore the grounds, relish a drink in the outdoor courtyard, or rent a bike from the hotel and discover the local Napa area.

HOTEL INFORMATION


Rates Expire June 20, 2020
Register Today!

Dates Rates Register
July 16, 2020 rates from $219.00 Book A Room »
July 17, 2020 rates from $329.00 Book A Room »
July 18, 2020 rates from 329.00 Book A Room »
July 19, 2020 rates from 219.00 Book A Room »
July 20, 2020 rates from $219.00 Book A Room »
July 21, 2020 rates from 209.00 Book A Room »
July 22, 2020 rates from $219.00 Book A Room »
Terms and Conditions Reservation Help

Napa Valley Event

July 19 - 22, 2020

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WINE TOUR/TASTING/LUNCH

July 19, 2020 | 9:30am – 4:15pm

Meet in the lobby for Wine Tour/Tasting/Lunch (pre-registration and payment required - contact NSTP office)

$230.00 Registration and payment are to be made with the NSTP office at 1 (800) 367-8130


Please download the Menu, this is not a registration form

Download Menu & Schedule PDF

Administrative Policies NSTP follows strict administrative policies

Late Registration
  • Registrations must be received no later than 7 days prior to the seminar date.
  • Registrations received after this date will be subject to a $35 late fee.
Refunds
  • NSTP provides refunds to registrants up to 7 days prior to the date of the course. For those registrants canceling within 14 days prior to the date of the course NSTP will allow attendance at another seminar site. If there are extraordinary circumstances NSTP will allow the participant to attend a future education course. An administrative charge of $25 will be assessed if canceled. For more information regarding refund, cancellation and complaint policies, please contact our offices at 800-367-8130
Cancellation
  • NSTP reserves the right to cancel any program or course for circumstances that are not under direct control of NSTP. If a course or program is canceled, participants will be refunded 100% of their registration fee.
Walk-In
  • We do not accept walk-in attendees. Payment must be received in advance of the class. Classes may not be retaken without payment.
Disclaimer
  • Seminar materials and seminar presentations are intended to stimulate thought and discussion and to provide attendees the useful ideas and guidance in the areas of federal taxation and administration. These materials as well as the comments of the instructors do not constitute and should not be treated as tax advice regarding the use of any particular tax procedure, tax planning technique or device or suggestion or any of the tax consequences associated with them.
  • Although the NSTP has made every effort to ensure the accuracy of the materials and the seminar presentation, neither the author, the presenter nor the National Society of Tax Professionals assumes any responsibility for any individual's reliance on the written or oral information presented during the presentation. Each attendee should verify independently all statements made in the materials and during the seminar presentation before applying them to a particular fact pattern and should determine independently the tax and other consequences of using any particular device, technique or suggestion before recommending the same to a client or implementing the same on a client's or on his or her own behalf.
Attendance Policy
  • Only paid registrants are able to attend seminars. In consideration of your fellow attendees, guests will need to depart before the session begins. The seminar lunch is for paid registrants only and is included in the registration fee.