Tax School Information
The MSU Income Tax Seminars are
for people who prepare income tax
returns for others. Seminars are
normally taught live with a group at
the intermediate level. Enrollment at
each location is limited to space
available. One-day and additional
courses may have different schedules,
materials and instructors. See
individual course descriptions for
details.
Preregistration is needed for all
courses to plan for materials, space
and lunch (if included). Register
online with a credit card or by mail
with a check.
Materials for the normal, fall two-day
tax seminars and the one-day tax
seminars in January include the 700page 2013 National Income Tax
Workbook, Michigan Department of
Treasury 2013 Tax Text and a 2014
Master Tax Guide by CCH, which will
be given in class or mailed when
available.
Instructors this fall for the two-day
seminars will be Thearon Earegood,
Carol Wright, Trish Ugorowski and Sue
Scioli.
Refunds (less a $35 administrative
fee) may be made if we receive
cancellation notice at least three
business days before the beginning of
the school for which you are
registered. Cancellation fee is less for
shorter seminars.
Room temperatures can vary
considerably in the fall and early
winter. Consider wearing
comfortable, layered clothing.
Direct questions about class content
to Larry Borton at bortonl@msu.edu
Partnership Seminars
Two identical 2-day sessions in
October at Grand Rapids or Sterling
Heights.
This course reviews partnership
taxation or an LLC taxed as a
partnership. Instructors will be Carol
Wright and Trish Ugorowski. This will
be a good review of partnership
taxation for those who prepare
partnership returns or for those who
want to want to understand more
about partnerships and haven’t filled
out many partnership forms. The first
day will be basic tax for partners and
how a partnership return goes
together. The second day will involve
advanced issues including
distributions and liquidations. We will
also discuss current rulings and cases
with the cancellation of indebtedness
applications.
Topics:
DAY 1
- Partner’s reporting of form K-1
income and expenses (required
additional information)
- Formation and partner’s basis
- Operation and partnership basis
- Sale of the entire interest in the
partnership
DAY 2
- Sale of the one partner’s interest to
remaining partners
- Applying the partnership agreement
- Transfer of partnership interest to
family members
- Termination or liquidation of a
partnership including distribution
- Emerging issues such as new office
in the home regs and COD income
Instruction materials will be Power
Point slides with examples and short
problems in a 3-ring binder along with
our text which is at an intermediate
level. We will cover IRS publications
including the Partnership Audit
Technique Guide, 1065 instructions &
forms, and partnership publications.
We will review web resources and
related text books.
16 hours CPE for two days. Includes
morning coffee, lunch and afternoon
refreshments.
Instruction is from 8:25 am to 4:35
pm. Registration fee: $225. If
payment is received less than 10 days
before the class, the price increases
to $250.
Dates and Locations
Oct 9-10 (Wed-Thurs)
Grand Rapids—English Hills
1200 4 Mile Rd. NW
Oct 14-15 (Mon--Tues)
Sterling Heights—American Polish
Century Club 33204 Maple Lane
(North of 14 Mile Rd.)
___________________________
MSU Income Tax School
Morrill Hall of Agriculture
446 W Circle Dr Rm 414
East Lansing, MI 48824
Phone: 517-432-9803
Fax: 517-432-9805
E-mail: itschool@msu.edu
Web: http://taxschool.canr.msu.edu
___________________________
The programs in this brochure (Except
for Basic Tax) qualify for IRS
continuing education for Enrolled
Agents (EA). Currently, the IRS does
NOT require continuing education for
any other tax return preparer or PTIN
holder. Continuing education credits
will be posted to PTIN accounts for
any participant who provides their
PTIN, regardless of credentials.
Similarly, seminars in this brochure
(except for Basic Tax) qualify as
taxation or ethics for Michigan CPAs.
Two-Day and One-Day Income Tax Seminars
Two-Day Sessions—16
hours of CPE credit.
Registration and pick-up of materials
will begin at 7:45 am. Instruction runs
from 8:25 am to 4:35 pm on both
days. Refreshment breaks and
lunches are included.
Registration fee: $295 if received 14
days before class start, $325 if
received later. 16 hours CPE including
3 hours federal tax law update, and 2
hours of ethics.
Dates and Locations: 20 sessions some cities have more than one 2-day
session: Lansing area, Traverse City,
Grand Rapids, Kalamazoo, Livonia,
Sterling Heights.
Oct 30-31 (Wed. – Thurs.)
Okemos—Holiday Inn Express
2209 University Park Dr.
(Exit 110 off I-96)
Nov 4-5 (Mon.—Tues.)
Traverse City—Hagerty Center, NMC
Great Lakes Campus, 715 East Front
Street
Nov 5-6 (Tues.—Wed.)
Gaylord—Otsego Club, 696 M-32 East
(I-75 exit 282 then east on M-32)
Nov 7-8 (Thurs.—Fri.)
Marquette—Holiday Inn, 1951 U.S.—
41 West
Nov 11-12 (Mon.—Tues.)
Jackson—Jackson Community College
Potter Center, 2111 Emmons Rd
Nov 11-12 (Mon.—Tues.)
Livonia—Holiday Inn, 17123 Laurel
Park Dr. N (East of I-275 on 6 Mile Rd)
(Continued in next column)
Nov 14-15 (Thurs.—Fri.)
Lansing—Lansing Community College
West. (I-496, south on Creyts, east on
Mt Hope, north on Sanders) 5708
Cornerstone Drive
Nov 18-19 (Mon.-Tues.)
Frankenmuth—Bavarian Inn Lodge
One Covered Bridge Lane
Nov 18-19 (Mon.-Tues.)
Sterling Heights— American Polish
Century Club 33204 Maple Lane
(North of 14 Mile Rd.)
Nov 21-22 (Thu.-Fri.)
Traverse City—Holiday Inn West Bay
615 E Front St
Nov 25-26 (Mon. –Tues.)
Grand Rapids—Prince Conference
Center, Calvin College
1800 East Beltline SE
Nov 25-26 (Mon.—Tues.)
Kalamazoo—Holiday Inn West
th
2747 S 11 St (West of U.S. 31, north
of I-94, off Stadium Dr.)
Dec 2-3 (Mon.-Tues.)
Livonia—Holiday Inn, 17123 Laurel
Park Dr. N (East of I-275 on 6 Mile Rd)
Dec 2-3 (Mon.-Tues.)
Flint—Genesys Conference and
Banquet Center, 801 Health Park
Blvd., Grand Blanc
Dec 5-6 (Thurs.—Fri.)
Kalamazoo—Holiday Inn West
th
2747 S 11 St (West of U.S. 31, north
of I-94, off Stadium Dr.)
Dec 5-6 (Thurs. —Fri.)
Grand Rapids—English Hills
1200 4 Mile Rd. NW
(Continued in next column)
Dec 9-10 (Mon.—Tues.)
Sterling Heights—American Polish
Century Club 33204 Maple Lane
(North of 14 Mile Rd.)
Dec 9-10 (Mon.—Tues.)
Saginaw—Horizons Conference
Center, 6200 State St.
Dec 12-13 (Thurs.—Fri.)
Lansing Ramada Conference Center
7501 W Saginaw Hwy (At I-96/I-69)
Dec 12-13 (Thurs.—Fri.)
Troy—Somerset Inn (next to mall)
2601 West Big Beaver Rd. (W. of I-75)
One-Day Sessions—8
hours of CPE credit
Registration and pick-up of materials
will begin at 8:00 am. Instruction is
from 8:25 am to 4:35 pm. Lunch is
not included. Morning coffee and
rolls are provided.
Registration fee: $165 if received by
January 2, 2014; $185 if received
later. One day sessions are a shorter
version of the two-day schools. They
include a review of new legislation
plus selected abbreviated topics from
the two-day seminars.
8 hours CPE including 3 hours of
federal tax law update. No ethics
hours.
Dates and Locations
January 7, 2014 (Tuesday)
Warren—Macomb Community
College, South Campus, K Building,
14500 E 12 Mile Rd.
January 8, 2014 (Wednesday)
Lansing—Lansing Community College,
West. (I-496, south on Creyts, east on
Mt Hope, north on Sanders) 5708
Cornerstone Drive
Farm Income Tax Seminars
Half day sessions—4 hours of CPE
credit. Sessions open at 8:00 am for
registration and to pick up materials.
Instruction runs from 8:30 am to
noon. Please note on registration
form if you will stay for lunch (no
extra charge).
Registration fee: $90 if received 14
days before the start of class; $105 if
received later.
Sessions will concentrate on farm tax
issues including:
• Labor issues
• Tax planning for high
income years
• Depreciation rules of special
interest for agriculture
• Effects of 2012 drought on
2013 tax return
• Livestock sales and losses
____________________
Dates and Locations
November 6 (Wednesday)
Escanaba—Delta County Extension
Office, 2840 College Avenue
November 22 (Friday)
Grand Rapids—Conference Centers at
WMU, 2333 E. Beltline Ave. SE (North
of Woodland Mall)
November 26 (Tuesday)
Frankenmuth—Bavarian Inn Lodge
One Covered Bridge Lane
November 27 (Wednesday)
Kalamazoo—Holiday Inn West
th
2747 S 11 St (West of U.S. 31, north
of I-94, off Stadium Dr.)
December 6 (Friday)
Clare—Doherty Hotel
604 North McEwan
December 11 (Wednesday)
East Lansing—MSU Kellogg Center
Harrison Rd. at Michigan Ave
December 13 (Friday)
Cadillac—Cadillac Sands Resort
(M-55 at M-115)
Text is the 2013 Agricultural Tax
Issues book by Phil Harris. Session
will be taught by Larry Borton, MSU
Department of Agricultural, Food and
Resource Economics.
Final Changes Seminars
Half day sessions—3 hours of CE
credit for EA, 5 hours of CPE for CPAs.
Sessions open at 8:00 am for
registration and pick up of materials.
Instruction from 9:00 am to 3:00 pm.
Morning coffee and rolls, and lunch
are included.
Registration fee: $95 if received by
January 2, 2014; $110 if received
later.
This program will cover both state
and federal tax information and
emphasize federal changes and
clarifications since the fall seminars.
The primary instructors will be Carol
Wright and Sue Scioli.
It is considered a supplement for the
two-day programs, not a substitute.
Dates and Locations
January 13, 2014 (Monday) Lansing—
Lansing Community College West (I496, then south on Creyts, east on Mt
Hope, north on Sanders at
Cornerstone Drive)
January 14, 2014 (Tuesday)
Livonia Holiday Inn, 17123 Laurel
Park Dr. N (East of I-275 on 6 Mile Rd)
____________________
Basic
Tax Preparation
Full day session (no CPE because this
is an introductory course).
Registration and pickup of materials
at 8 a.m. Instruction from 8:30 a.m.
to 4:30 p.m. Lunch is not included.
Fee is $85 if registered by January 8,
2014. $95 after that.
January 15, 2014 (Monday).
Lansing Community College, West.
(I-496, then south on Creyts, east on
Mt Hope, north on Sanders at
Cornerstone Drive) 5708 Cornerstone
Drive.
This is a full day emphasizing
individual income taxes and the
federal Form 1040. It’s intended for
those with little experience filling out
tax forms or for those who want a
review of items on the Form 1040.
Consider sending your seasonal help
for a day that is packed with
information.
The primary instructor will be Susan
Scioli, one of our fall tax school
instructors. The materials will be IRS
forms and publications.
Registration
Name (please print clearly)
Badge Name (if different from above)
Address
City
Phone
____
PTIN
State
E-mail
Zip
Two-day Income Tax Seminars--$295 (16 Continuing Education credits, includes lunch). $325 if
registration received less than fourteen days before class. Classes from Oct 30-31 to Dec 12-13.
City
Date
$
Partnership Seminar--$225 (16 CPE hours for the two days, includes lunch; 8:25 a.m. - 4:35 p.m.)
Registration fee: $250 if registration is received less than 10 days before the class meets
Grand Rapids, English Hills, 1200 4 Mile Rd, NW October 9-10
Sterling Heights, American Century Club, 33204 Maple Lane, October 14-15
$
One-day Income Tax --$165 (8 CE hours, no lunch). $185 if registration received after Jan 2, 2014.
Macomb Community College South. Tuesday, January 7, 2014
Lansing Community College West. Wednesday, January 8, 2014
$
Final Changes Seminar--$95 (includes lunch). $110 if registration received after Jan 2, 2014.
Lansing Community College West. Monday, January 13, 2014
Livonia Holiday Inn, Tuesday, January 14, 2014
$
Farm Income Tax Seminars--$90 (4 CPE hours). $105 if registration is less than 14 days before class
City
Date
$
For the Farm Seminars only:
will stay for lunch
will not stay for lunch
Basic Tax Preparation--$85 (no lunch). $95 if registration received after January 8, 2014.
Lansing Community College West. Wednesday, January 15, 2014
$
TOTAL:
$
Online Registration with credit card is available on the website http://taxschool.canr.msu.edu
You may also pay by check (payable to Michigan State University)
Mail to:
MSU Income Tax School, Morrill Hall of Agriculture, 446 W Circle Dr Rm 414, East Lansing, MI 48824
Fax: (517)432-9805 Phone: (517)432-9803 E-mail: itschool@msu.edu
2013 MSU Income Tax School
Two-Day Income Tax Seminars
One-Day Income Tax Seminars
October 30-31 to December 12-13
16 hours of Certified Professional Education Credit,
including 3 hours of federal tax law update and
2 hours of ethics
January 7, 2014 – Warren
January 8, 2014 – Lansing
8 hours of Certified Professional
Education credit including 3 hours of
federal tax law update
Additional Seminars:
Partnership Taxation (16 hrs. CPE): October 9-10 in Grand Rapids; October 14-15 in Sterling Heights
Farm Income Tax (4 hrs. CPE): November 6 to December 13 (7 locations)
Final Changes: (supplement to the two-day) (5 or 3 hrs. CPE): Jan 13, 2014 in Lansing; Jan 14 in Livonia
Basic Tax Preparation: January 15, 2014 in Lansing
Except for the Basic Tax Preparation, our seminars qualify as Group Programs on taxation and ethics for Michigan CPAs and as
federal taxation and ethics for IRS Enrolled Agents.
Michigan State University is committed to providing equal opportunity for participation in all programs, services and activities. Disability accommodations may be
requested two weeks before a class to ensure sufficient time to make arrangements. Requests received after this date will be met when possible.
MSU Income Tax School
Morrill Hall of Agriculture
446 W Circle Dr Rm 414
East Lansing MI 48824
Topics in the 2013 National Income Tax Workbook
The following chapters are planned. Order will change
and some topics may get moved between chapters.
New Legislation - enacted late in 2012 and in 2013.
Rulings and Cases - summarizes selected ones
Affordable Care Act
•
•
•
•
•
The 3.8% net investment income tax
0.9% Medicare tax
Employer credit for low-income employees
Health care credit for low-income individuals
Penalty for no health insurance
Individual Taxpayer Issues
•
•
•
•
•
Wages paid to household workers
Form 8949 reporting for investments
Savings bonds
Gambling
Tax considerations for volunteers and interns
Business Issues
•
•
•
•
New safe harbor for deducting home expenses
Single-member 401(k)
Preparing Form W-2, Wage and Tax Statement
Summary of domestic production activity
deduction
Business Entities—some tax consequences of buying
and selling business entities including partnerships,
corporations and limited liability companies
IRS Issues—issues the IRS targets as key issues for
practitioners and will probably include the Automated
Underreported (CP2000) and soft notices, Voluntary
Classification Settlement program (VCSP), and
cancellation of debt as an audit issue, with information
of the 1099-C, Mortgage Debt Relief Act
Ethics—a case study approach addressing common
ethical issues
Tax Practice
• Records retention
• Consents: to disclose tax return; to use tax return
information; to waive conflict of interest
• Abatement of penalties
• Data security
Education Provisions—discusses education tax credits,
deductions, and exclusions while illustrating the
interactions of the rules
Construction Industry
• Accounting methods
• Classification of contracts
• Worker classification
Schedule E (Form 1040) Issues
• Reporting information from Schedules K-1
• Passive activities
• Material participation
Itemized Deductions
•
•
•
•
New 10% of AGI floor on medical expenses
Borrowing expenses
Casualty losses
Employee business expenses
Natural Resources
•
•
•
•
How to establish basis
Treatment of expenses
Sale of natural resources
Like-kind exchanges
Tax Issues in Divorce
•
•
•
•
Filing status
Dependent exemption deduction
Allocation of itemized deductions
Relief from joint liability
Tax Rates and Useful Tables