BTB Tax News - Federal Update - November 2009

Newsletter Topics: (click on the topic title below to jump directly to the topic)

Are You Looking for a Seminar in Your Area?
2009 Federal Update
Our Mission Statement
CFS TaxTools Discount

Are You Looking for a Seminar in Your Area?
We have the materials, instructors, and just enough time to help. If you are looking for a complete review of up-to-the minute tax law and IRS changes, then we have you covered.

If you are associated with a group of tax/financial professionals (i.e., CPAs, Certified Financial Planners, Enrolled Agent Society,) with enough interest (Minimum 30 people), we would like to bring our seminar to you.

When: The only week we have available before this tax season is January 11-15, 2010. However, if it doesn’t work for this tax season, perhaps we can work together next fall.

2009 Federal Update
A complete review of The American Recovery and Reinvestment Act of 2009 and examples of the new forms and worksheets, including:
- Schedule A, Worksheet for line 7 – New motor vehicle deduction (New for 2009)
- Form 1040, Schedule L, Standard deduction for certain Filers, (New for 2009)
- Schedule M, Making Work Pay and Government Retiree Credits (New for 2009)
- Form 8863, Education Credits (New American Opportunity Credit for 2009)
- Form 4684, Casualties and Thefts (New Change for 2009)
- Form 8936, Qualified Electric Drive Motor Vehicle Credit (New for 2009)
 -Form 5695, Residential Energy Credits, (New rules for 2009)

In addition, we will review some of the recent developments form the IRS to help you get “up and running” for the next tax season, including:

- New Federal Income Tax Refund Option – Purchase of U.S. Government Savings Bonds
- Expanded Education Credits for Midwestern disaster area students
- New York State tax preparer registration requirements
- Deduction for losses in Ponzi schemes - Worksheet and required statements
- Hybrid Vehicle Update – Ford vehicles now subject to partial credit phase-out

Plus, additional information on foreclosures, debt discharge, Form 982 Reduction of Tax Attributes, repossession of property sold on installment, and the sale of a Schedule C business – complete with filled-in-forms.

Our Mission Statement
For over 30 years our seminars have covered the basics and a great deal more. Our goal is to provide you with practical information that you can use in your daily practice with your clients.

Our continuing education programs are designed with a real hands-on approach. Our instructors are professionals – like you, so we focus on taking theory and converting it to useful information.

Contact information:
E-mail: btbtax@dbcllc.com
Toll Free: 877-461-2922

CFS TaxTools Discount
The Back to Basics Income Tax Seminar “coupon codeâ€� for 2009 is now available. For this year, our students can use the following code (BTB67813). New orders receive a 20% discount for CFT TaxTools products and reorders will receive a 10% discount.

Save Money: Register before the day of the seminar and save $25. As always, advance registration is strongly recommended. Walk-in registrations will be allowed only if seminar materials and space are available. However, due to additional charges incurred for seminar set-up, walk-in registrations will now be subject to an additional $25 service fee.

To read past "Tax Updates", visit BTB Income Tax Seminars' Newsletter Archive

Our Instructors:

Thomas Zoeller EA, CFP, MST	James Hockenberry EA	John Geigel JD, CPA	Jaye Tritz EA, CFP, ChFC

Disclaimer
This publication is distributed with the understanding that the author and publisher are not engaged in rendering legal, accounting or other professional advice and assume no liability in connection with its use. Tax laws are constantly changing; are subject to differing interpretation; and the facts and circumstances in your particular situation may not be the same as those presented here. Therefore, we urge you to do additional research and make sure that you are fully informed and knowledgeable before using the information contained in this publication.

www.btbtaxlink.com
Phone: 1 (877) 461-2922  or  1 (920) 983-3464    Fax: 1 (920) 336-1844
115 S. Broadway, De Pere, WI 54115