NSTP Summer Webinars – Get ’em while it’s HOT! Enjoy premier tax education while relaxing in your air-conditioned home, by the pool, or in a cafe. M. The Tax Professional’s Guide to Understanding the Importance of the Substantiating of Business Expense Deductions, 2 CE July 11, 2019, 10:00 pm-12:15 pm PT Instructor: Paul La Monaca, CPA, MST This course reviews the importance of understanding allowable deductions on the tax returns. The courts and IRS are strict regarding the substantiation of expenditures and we offer a look at some of the issues facing the taxpayer and the tax professional and ways to improve being successful under audit. To register or for more course details, please visit the NSTP website. EE. Federal Income Tax Benefits Pertaining to Education, 3 CE July 16, 2019, 10 am-1:15 pm PT Instructor: Paul La Monaca, CPA, MST This course reviews and updates the Tax Professional on the value of understanding the Federal Income Tax benefits related to investing in §529 Qualified Tuition Programs and §530 Coverdell Plans and the benefits of deferral on the growth of the investment in those programs as well as the exclusion from gross income when the distribution from those funds is used … Read More
NSTP Summer Webinars – Get ’em while it’s HOT! Enjoy premier tax education while relaxing in your air-conditioned home, by the pool, or in a cafe. R. Introduction to Estate, Gift and Trust Tax Planning Issues, 2 CE July 2, 2019, 10 am-12 pm PT Instructor: Paul La Monaca, CPA, MST This course will provide the Tax Professional with an in depth understanding of issues facing clients who are concerned about transferring assets during their lifetime and at the time of death. It will discuss the concept of the unified transfer tax for Estates and Gifts and the importance of taking inventory of their assets, liabilities and responsibilities for proper identification of each. The cause will not be a preparation of the Form 706 since most taxpayers will not be subject to the tax because of the high threshold for filing the returns but will educate the tax professional as to the importance a good estate plan. It will introduce the participants to the tools available to assist the taxpayer in having a good lifetime estate plan. To register or for more course details, please visit the NSTP website. G. Ethics for the Tax Professional and Circular 230 Issues, 2 CE … Read More
Keith Mattson, of Mattson & Radziej Ltd. in Lakeville, Minn., originally wrote this poem, “Memo Home RE: Tax Season,” in 1990, and it was published in the Minnesota Society of CPAs’ Footnote at the time. A quarter century later, it remains highly relevant. Memo Home Re: Tax Season I’m working late, I won’t be home; Don’t try to reach me on the phone. Don’t expect me home for dinner. Don’t expect me home this winter. Don’t even try to use your pull. Don’t talk to me or shoot the bull. I don’t want you to think me cruel, But until May, my slate is full. Just tell me what you spend and earn; I’ll put it in a tax return. (I hope that you will never learn You’re just another file to churn.) I’ve got files on my floor, And on my chairs and desk are more. I’ve got them coming in the door. That’s all I do — I keep the score. So far this year, the feds are winning, With clients behind before beginning. Their tax returns show “Balance due;” Their checkbooks show a scarlet hue. Their life is on a downward trend, And … Read More
Be sure to reserve your hotel room today at The Orleans Hotel & Casino for our EA Boot Camp Event April 27th– April 30th, 2015 at the special NSTP rate of $43 a night! The last day the group rate will be available will be March 26th, 2015. Call the reservations department at 1-800-675-3267 or go online to www.OrleansCasino.com/groups and reference the group code A5NSC04. Please note: The group rate will no longer be available after March 26th, 2015. Any reservations made after the cutoff date will be subject to the hotel’s prevailing rate which is going to be between $200-$350 a night because the ESPN Boxing Special Event is happening during the same weekend.