2009 Back to Basics Fall Income Tax Seminars

PLEASE NOTE: 2009 Fall Seminars have concluded. Registration for 2010 Seminars and Workshops will be available soon. Receive updates with the BTB Tax Update Newsletter.

Seminar Calendar      Registration

Our Income Tax Seminars are designed for professionals like you.  Our agenda is below.  To see our register and schedule, go to our Seminar Calendar page by clicking one of the above links.
2009 Back To Basics Fall Income Tax Seminar Agenda - PART I - Update and Review  (Review Part II below)
LIKE-KIND EXCHANGES  – Like-kind exchanges raise several income tax planning issues.  This topic includes a discussion of qualified replacement property, replacement period, and the related property rules involved with a “tax deferred exchange”.  A review of the “reverse starker” transactions and how they are reported for tax purposes.  How to determine if and when “boot” is received and how it is taxed. 
DIVORCE ISSUES  - A practical guide to help you when your clients are contemplating or involved in a separation or divorce.  We will discuss the tax treatment of alimony, child support, marital property, qualified domestic relations orders (QDROs) and property settlement issues.  We will also review the new rules that allow the custodial parent to revoke an earlier release to the noncustodial parent.  This new unilateral revocation rule effectively allows the custodial parent to pull from the noncustodial parent all of the federal income tax benefits associated with the noncustodial parent rule - with or without cause (regardless of the wording within the divorce decree).
INSTALLMENT SALES – Form 6252 made easy – complete with examples and filled-in forms.  A detailed review of the related party rules, and the depreciation recapture and unrecapture rules.  The forms include Schedule D and Form 4797.  Including the special rules for related party sales and Section 1245 property.
“TAXING TOPICS” - Various tax issues and a compilation of the most popular tax questions received from our seminar participants.  We will cover important changes made by Congress and the IRS, including a review of recent court decisions.  This area has become one of our most popular topics over the past few years.  Topics include: Return Preparer Penalties Under IRC §6694, including guidance regarding implementation of the tax return preparer penalty under Section 6694(a) within Notice 2009-5, Plus, Rulings, Cases and Other Federal Developments
SALE OF A PRINCIPAL RESIDENCE – The personal residence exclusion rules under Code Section 121 have changed.  This section will review the new survivors home sale exclusion provisions, the effect of the first-time homebuyers credit, the new rules for “non-qualified use” of a principal residence, and how to apply the rules even if it appreciates in value after a taxpayer converts a property to his/her principal residence.  This section will include a completed example of a home sale that reflects prior business use before being converted to a principal residence.
Objectives:  Upon completion of this course you will be able to:

  • Complete Form 8824 applying the rules for a like-kind exchange under IRC §1031.
  • Understand the tax consequences of a qualified domestic relations order (QDRO).
  • Understand the requirement for alimony under Code Section 71.
  • Follow the rules for revocation for a custodial parent on Form 8332.
  • Recognize an installment sale and how to complete Form 6252.
  • Understand the scope of return preparer penalties under IRC §6694.
  • How to apply the rules of a home sale under Code Section 121.
  • Apply the new rules for “non-qualified use” of a principal residence.

"I like having the reference material to go back to (the text). So many seminars have bullet points and you have to take notes." Phoenix, AZ

2009 Back To Basics Agenda - PART II - Update and Review
FEDERAL UPDATE – A COMPLETE “Form 1040 and Beyond” review of up-to-the-minute tax law and IRS form changes for 2009 tax returns, with a line-by-line explanation and analysis of difficult areas.  Numerous practical and useful illustrations to have you “up and running” for next tax season.
COMPLETE ANAYLSIS OF NEW 2009 TAX LEGISLATION – An in-depth discussion of the new tax bills passed in late 2008, and any additional tax laws during 2009 that will effect the 2009 income tax return, as well as tax planning ideas for your clients.
Including:
The Worker, Retiree, and Employer Recovery Act of 2008
The American Recovery and Reinvestment Act of 2009
Notice 2009-12 Allocation of the First-time Home Buyers Credit for Unmarried Taxpayers 
Plus, a review of the temporary tax incentives that are scheduled to expire at the end of 2009
STATE UPDATE – Back again for 2009 - Expanded coverage for Wisconsin and Arizona!  Packed with Wisconsin and Arizona updates, recent law changes for 2009. Plus, a review of completed state forms and recent developments.
TEXAS – Additional federal material to include specific planning issues to help your sole proprietor clients with the operation of their business.
Objectives:  Upon completion of this course you will be able to:

  • Understand the new changes to the most recent state and federal tax legislation.
  • Complete Form 1040 for the 2009 filing season.
  • Provide your clients with planning considerations for the upcoming year.
  • Identify the pension plan limits for 2010.
  • Follow the rules for revocation for a custodial parent on Form 8332.
  • Identify the Social Security cost-of-living adjustments for 2010.
  • Complete Form 5695 for residential energy property improvements. 
  • Allocate the first-time homebuyers credit for unmarried taxpayers under Notice 2009-12.

"Back To Basics is a very helpful form to update me on new tax law changes.  I will definitely return next year!" Joel Frier - Brookfield, WI
"They are a “class act” and run the best-organized, informative tax seminars I have attended in my 30 years of being a tax pro." Bob Lind, Phoenix, AZ
"Once again a clear and practical presentation of the topics.  Both instructors have the skills to conduct the sessions, keeping the material interesting and entertaining." Edward Adams, Mondovi, WI