Registration opens for UVM Extension tax schools

Vermont’s tax practitioners will be going back to school this fall for an update on tax legislation, regulations, and rulings that will affect tax preparation for 2014. The annual income tax schools will be conducted by University of Vermont Extension in cooperation with the Internal Revenue Service (Vermont District), the Vermont Department of Taxes and the Vermont Tax Practitioners Association.
Sessions will be held Nov. 5-6 at the Champlain Valley Exposition, Essex Junction, and Nov. 11-12 at the Killington Grand Resort Conference Center, Killington. Tax professionals also may register for a special session on social security planning, scheduled for the afternoon preceding the start of each tax school.
Registration for the two-day tax school is $319 if received by Sept. 14 or $359 if received by Oct. 26. The fee for late registrations is $459. Continuing Professional Education Credits are available.
Registration covers lunch on both days as well as all course materials, including a copy of the 2014 National Income Tax Workbook and accompanying CD containing more than 7,000 pages of indexed and linked information from the current and past year’s workbooks.
The optional session, “What Your Clients Should Know about Social Security,” costs an additional $39 with the two-day tax school registration or $59 for this session only. It will be taught by Peter Weinbaum, a Montpelier attorney and social security expert.
In addition, participants may sign up for a bonus session on ethics, offered at the end of the first day, for an additional $25.
Topics to be covered on the first day include new state and federal legislation, Affordable Care Act tax implications, repair and capitalization regulations, net investment income tax, and ethics and business issues for tax preparation for clients who operate a business, among others.
On the second day, participants will learn about tax issues relating to agricultural and natural resources enterprises, retirement, fiduciary taxes, and foreign taxation. Experts also will discuss issues that the IRS considers important for practitioners including employment tax issues, audit reconsideration, and collection issues.
Early registration is encouraged as space is limited and the schools always fill up fast. For questions about the program or facilities, contact Peggy Manahan at (800) 639-2130, ext. 431.
For details and registration information, go to www.uvm.edu/extension/community/taxschool. To request a disability-related accommodation to participate, contact Elaine Burnor at (800) 639-2130, ext. 430, by Oct. 6.