• darkblurbg
    2020 Williamsburg Special Topics Workshop
    June 24 - 26, 2020
  • darkblurbg
    Dewitt Wallace Decorative Art Museum
    Colonial Williamsburg is a living-history museum
  • darkblurbg
    Water Country USA
    Sprawling water park
    including river rafting with tunnels & falls.

Special Topics Workshop

15 CPE

Williamsburg, VA: June 24, 25, & 26, 2020

Classes end early so plan on enjoying the local area that is filled with history. Visit the historic triangle of Williamsburg, Yorktown and Jamestown. It’s revolutionary fun with something for everyone.

Instructor: Paul La Monaca, CPA, MST

Course Description: This course reviews selected provisions of major Tax Legislation enacted December 20, 2019 which has impacted retroactive filings for 2018 and extenders to the end of 2020. In addition, the SECURE Act has made major changes to retirement planning especially for taxpayers in the Baby Boomer Generation as 10,000 post-WWII babies reach the age of 65 every day.

  • The Disaster Act made some retroactive changes that affect major Presidentially Declared disaster areas back to January 1, 2018 and into 2020.

The Course will cover the following topics and provisions:

  • §1(g) Kiddie Tax Amendment to Changes Made by TCJA
  • §25C Nonbusiness Energy Property Credits for Individuals
  • §45S Employer Tax Credit for Paid Family and Medical Leave
  • §51 Work Opportunity Tax Credit for Businesses
  • §108(a)(1)(E) Exclusion from Gross income of Discharge of Qualified Principal Residence Indebtedness and Form 982 Reporting Requirements
  • §163(h)(3)(E) Treatment of Mortgage Insurance Premiums as Qualified Residence Interest on Schedule A
  • §168(e)(3)(A) Classification of Certain Race Horses as 3-year Property
  • §179D Energy Efficient Commercial Building Deduction
  • §213(f) Reduction in Medical Expense Deduction Floor Back to 71/2% of AGI
  • §222 Deduction of Qualified Tuition and Related Expenses Reducing AGI
  • §529 Plan Distributions Expanded to Cover Student Loan Debt
  • §1391 Empowerment Zone Tax Incentives
  • and more

The SECURE Act Legislation includes the following provisions:

  • §219(d) Repeal of the Maximum Age of 701/2 for Traditional Individual Retirement Account (IRA) Contributions
  • Coordination with Qualified Charitable Distribution (QCD) Rules
  • §401(a)(9) Increase in Age for Required Beginning Date (RBD) for Required Minimum Distributions (RMD)
  • §72(t) Penalty-free Plan Withdrawals for Births or Adoptions
  • §131 Difficulty-of-Care Payments Treated as Compensation for Purposes of Making Retirement Contributions
    §139B Exclusion Benefits Allowed for Volunteer Firefighters and Emergency Medical Responders
  • §6651 Failure to File Penalty Increased for Income Tax Returns
  • §6652 Failure to File Penalties for Retirement Plan Returns Increased
  • Qualified Employer Plans Prohibited from Making Loans through Credit Cards and Other Similar Arrangements
    Expansion of Retirement Savings by Increasing the Auto Enrollment Safe Harbor Cap
  • Allows Plans Adopted by Filing Due Date for Year May Be Treated as in Effect as of Close of Tax Year
  • Simplification of §401(k) Safe Harbor Rules
  • Increase in Credit Limitation for Small Employer Pension Plan Start-Up Costs
  • Treat Certain Taxable Non-Tuition Fellowship and Stipend Payments as Compensation for Purposes of Making Contributions to an IRA Plan
  • Creation of a Small Employer Automatic Enrollment Credit
  • and more

The Disaster Tax Relief Legislation for Prior Periods Includes the Following Provisions:

  • Special Disaster-related rules for Use of Retirement Funds Without Penalty Assessment
  • Employee Retention Credit of 40% for Employers Affected by Qualified Disasters

Other disaster-related tax relief provisions including:

  • Special Rule for Determining Earned Income for EITC Purposes
  • Automatic Extension of Filing Deadlines
  • Temporary Suspension of the 60%, 30%, 20% limitations on Charitable Contributions
  • and more

Learning Objectives: At the completion of this Webinar, the participant will be up to date on the year-end 2019 Tax Extender Legislation as well as the changes and improvements made to Employer Retirement plans and IRA plans under the SECURE Act as it pertains to individuals and businesses. The course will help the Tax Professional be knowledgeable for preparing 2019 returns and beyond. In addition, the participant will be able to discuss opportunities with clients concerning amending 2018 tax returns resulting in potential refund of tax.

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 introduces Tax Professionals to the Federal Income Tax issues as it applies to the preparation of IRS Form 1041 for the specific rules of Special Needs Trusts. The course discusses how the Special Needs Trust is a valuable tool used for investing money and other assets into a vehicle designed specifically for the benefit and needs of a disabled individual. The course reviews the steps for the creation of the Special Needs Trust and the requirements of the Trust in order to prevent a taxpayer with disabilities from losing their eligibility status for receiving government program benefits such as Social Security, Medicaid and other benefits that are means-tested under Federal and State laws.

The course will also introduce the participants to the availability of creating and funding §529A ABLE Plans that were created by the “Achieving Better Life Experience Act of 2014”. The course will discuss the Federal income tax advantages of ABLE Accounts created for the use of paying for qualified disability expenses of a designated beneficiary.

The course will also review and discuss §529 Qualified Tuition Programs (QTP) and the ability to transfer the funds from a §529 QTP to a §529A ABLE plan of the designated beneficiary or a family member of a designated beneficiary. This provision was created as a result of the Tax Cuts and Jobs Act (TCJA).

In addition, the course will discuss the availability of using funding and §530 Coverdell Plans for “Special Needs” child beyond the normal ages.

Learning Objectives: At the conclusion of this course, the participants will have achieved an understanding of the reasons for the creation of a Special Needs Trust and the Federal income tax provisions needed for properly reporting the transactions on IRS Form 1041 Fiduciary Income Tax return. In Addition, the participants will understand the income tax benefits of funding a §529A ABLE plan for a designated beneficiary with disabilities as well as the value of being able to transfer the assets in a §529 QTP created for post-secondary qualified higher education expenses to a §529A plan for a designated beneficiary with disabilities. In addition, the participant will learn about the extended funding rules for a §530 Coverdell Plan as well as continued deferral beyond age 30.

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 course will address the everyday payroll issues encountered by small businesses. It will cover employer and employee compliance issues including proper withholding, and timely payment of employment taxes as well as compliance for filing monthly, quarterly and annual reports such as IRS Forms 941, 940, 944, W-2, W-3, etc. The course will also review the complications of filling out the most updated Form W-4 for taxpayer withholding. The course addresses the treatment of tips and supplemental wage payments as well as wages subject to non-payroll income tax withholding. The topic of Family Employees will also be discussed as well as shareholder-employee medical premium payments for Subchapter S-Corporations.

Learning Objectives: At the conclusion of this course the participant will be able to better understand the solutions to the complications involved in properly issuing payroll to employees and the proper reporting of earnings, withholdings and exemption issues. The participant will also be able to identify and prepare required payroll tax filing documents and reports for for federal purposes. There will be a better understanding of the distinctions between a worker classified as an independent contractor vs. employee of the company.

The course will also address the most recent rules on the Small Business Health Care Credit. In addition, participants will be better informed on the issues of payroll reporting when an S-Corporation Shareholder is an employee and health insurance premiums are paid by the employer as a fringe benefit for that shareholder-employee.

CPE Program Standards

  • CPE Credits: 5 CE
  • Course Level: Basic to Intermediate
  • Prerequisite: Knowledge of Federal Payroll Tax and Income 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

2020 Williamsburg, VA - Special Topics Workshop

June 24 - 26, 2020

Executive Members: Must Call to Register, No Online Registration

$0

Members

$459.00

Non-Members

$559.00

Register Now!

Schedule

June 24, 2020

June 25, 2020

June 26, 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

DoubleTree by Hilton Hotel Williamsburg

DoubleTree by Hilton Hotel Williamsburg

This modern hotel off Highway 60 is a 5-minute drive from Busch Gardens theme park and 4.3 miles from downtown Williamsburg.

All rooms offer contemporary decor and custom-designed beds, plus minifridges, flat-screen TVs, and free WiFi. Suites add separate living areas. Some rooms feature balconies.

There's an all-day restaurant serving traditional American cuisine, a casual bar with pool tables, and a cafe serving coffee and snacks to-go. Amenities include a 24/7 fitness center and an indoor/outdoor pool. There's 48,000 sq ft of event space, a 1,600-seat ballroom and a Busch Gardens shuttle.

Location Information


Rates Expire May 24, 2020

Call: 1 (800)222-8733* to Reserve your Room
Dates Rates Register
June 23, 2020 $139.00 Call: 1 (800)222-8733*
June 24, 2020 $139.00 Call: 1 (800)222-8733*
June 25, 2020 $139.00 Call: 1 (800)222-8733*
June 26, 2020 $139.00 Call: 1 (800)222-8733*
*Reservations will be made by individuals calling the Hotel directly at 800-222-8733. Individuals must identify themselves as being with the group, Williamsburg Special Topics Workshop at the time the reservation is made in order to receive the special group rate

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.