Your Course Price: $699.00
Cabo San Lucas STW Day 1 | Cabo San Lucas , Special Topics
- Course Description
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Course Title Topic #1 2024 Tax Season Review: Successes, Challenges and Planning Opportunities, Part I
This course introduces Tax Professionals to an early update, review and summary of what happened during the 2024 filing season. The session reviews the challenges experienced in implementing the reporting of federal income tax provisions enacted by the Inflation Reduction Act of 2022.
The course will review the Tax Professional’s and taxpayer’s experiences of working with the IRS in a post-pandemic era, where there was supposed to be a new and improved IRS providing customer service and new technologies to provide a better taxpayer experience.
The presentation will specifically review the following areas of interest:
- §25C Energy Efficient Home Improvement Credits including the distinction between Qualified Energy Efficiency Improvements which are applied to a taxpayer’s principal residence vs.
- §25C Residential Energy Property Expenditures which are applied to a taxpayer’s dwelling unit.
- §25D Residential Clean Energy Credit which provides an unlimited credit amount for qualified expenditures for:
- Solar electric property costs
- Solar water heating property costs
- Small wind energy property costs
- Geothermal heat pump property costs
- Battery storage technology, and
- Fuel cell property.
The presentation will include discussion and illustration of the proper preparation of the Form 5695, Residential Energy Credits, and will review filling out the specific areas of the Form with an understanding of the instructions applying the Internal Revenue Code to the Form 5695.
Course Title Topic #2 - Taxpayer Advocate’s Year-End Report to Congress: Activities of the Taxpayer Advocate December 2024
This course provides Tax Professionals with an introduction to one of the two reports mandated by Congress on an annual basis under §7803(c) that are required to be presented by the National Taxpayer Advocate. The annual report includes among other things:
- A description of the 10 most serious problems encountered by taxpayers as well as administrative and legislative recommendations to mitigate those problems.
- Identifies the initiatives the Office of the Taxpayer Advocate has taken on improving taxpayer services and IRS responsiveness.
- Contains an inventory of initiatives and recommendations for which action has been taken and the result of such action.
- Contains an inventory of initiatives and recommendations for which action remains to be completed and the period of time these items have been in the inventory.
- Contains an inventory of initiatives and recommendations for which there has been no action, an explanation for lack of action, and responsible official within the IRS.
- Contains recommendations for administrative action by the IRS, or Legislative action by Congress that will resolve taxpayer problems.
- Identify areas of the tax law that impose significant compliance burdens on taxpayers or the IRS.
- Much more.
- Learning Objectives
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Topic #1
At the conclusion of the course, the participants will have a better understanding of the successes, challenges and experiences of the 2024 tax filing season and the issues facing them during the 2024 extension season. The participants will be more aware of the proposed improvements that were projected by the IRS as a result of the additional funding included in the Inflation Reduction Act of 2022.
At the end of the session, participants will have a better working knowledge on the enhanced Residential Energy Credits provided in §25C for Energy Efficient Home Improvements Credits and §25D Residential Clean Energy Credits. Tax Professional’s will have learned how to properly fill out IRS Form 5695 with a better understanding of the Internal Revenue Code and the application to the instructions and Forms.
Topic #2
At he conclusion of this session, participants will have obtained a wealth of knowledge to better understand IRS operations and the role of the Congressionally mandated Office of the Taxpayer Advocate. The course will also illustrate the importance of the year-end report to the House Ways and Means Committee and the Senate Finance Committee as a protection of taxpayer rights in the administration of the Internal Revenue Code.
Participants will have learned the activities of the Taxpayer Advocate for the prior fiscal year and how those activities have been carried out, or are still outstanding at the time of the annual report to Congress, and who, in the IRS, is responsible for fulfilling those activities.
FAQ
To receive the member price, first log into your member account. Your member discount will then be automatically applied. We can also take your registration by phone.
This varies by location and seminars. Please check your specific course schedule for more details.
Yes. Each attendee will need to make their own travel and hotel reservations.
Your registration confirmation will be emailed to you when your payment is processed. During our busy season, this can take up to 2-3 business days after we receive your registration.
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Yes. If you have a PTIN on file with us, we will submit your hours. To insure we have your correct info, please provide your PTIN when you register for a course. Please notify us if you have recently submitted a name change request to the IRS.
Your certificate will be emailed to you within 10 business days of the completion of the course.
Administration: Special Topics
Special Topics Refunds
- Refunds or transfers to future education are allowed up to 7 days prior to the beginning of the course.
- A $25 administrative fee will be charged for all course changes.
- There are no partial refunds or discounts if a portion of the course is missed.
- Once the Course Materials PDF is emailed, refunds are no longer available for that course.
- Registrations must be received no later than 7 days prior to the beginning of the course.
- Registrations received after this date will be subject to a $35 late fee.
- A $25 administration fee will be charged for all course changes.
- An administrative charge of $25 will be assessed when any requested course changes are made.
- Live courses may not be retaken without additional payment.
- 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 cancelled, participants will be refunded 100% of their registration fee.
- We do not accept walk-in attendees. Payment must be received in advance of the class.
- Special Topics materials and Special Topics presentations are intended to stimulate thought and discussion and to provide attendees 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 tax procedure, tax planning technique, 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 device, technique, or suggestion before recommending the same to a client or implementing the same on behalf of a client, or on the attendee’s own behalf.
- Special Topics materials & presentations are fully protected under copyright law. Any attempt to copy for resale, distribution, or use other than personal use for tax preparation will be fully prosecuted of the law.
- Only paid registrants can attend seminars. In consideration of your fellow attendees, guests will need to depart before the session begins.
Executive & Charter Members
Executive & Charter Members Special Topics Refunds
Executive & Charter Members Special Topics Refunds
- Executive/Charter Members will be charged a $150.00 administration fee if they fail to cancel a course registration and fail to appear for the seminar.