Tax School Information
The MSU Income Tax Seminars are for
people who prepare income tax
returns for others. Seminars are
taught live 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.
winter. Consider wearing
comfortable, layered clothing.
Contact Information:
Questions about class content or
suggestions for future classes should
be directed to Larry Borton at
bortonl@anr.msu.edu
MSU Income Tax School
Michigan State University
414 Agriculture Hall
East Lansing, MI 48824-1039
Phone: 517-432-9803
Fax: 517-432-9805
E-mail: itschool@msu.edu
Website:
Materials for the two day seminars in
the fall and the one day seminar in
January include the 700 page 2010
National Income Tax Work Book,
Michigan Department of Treasury
2010 tax text and a 2011 Master Tax
Guide by CCH, which will be
distributed at class or mailed when
available.
Instructors this fall will be Thearon
Earegood, Carol Wright, John O’Hara
and Sue Scioli. For the two-day
seminars a Michigan Department of
Treasury representative will present
material on state income taxes for
about two hours. An IRS
representative will present for one
hour.
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
www.canr.msu.edu/taxshool
Update and Forms
Review
Half day sessions—5 hours of CPE
credit. 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
Dec 31, 2010; $110 if received later.
This program will cover both state
and federal tax information and
emphasize federal changes and
clarifications since the fall seminars.
It is considered a supplement for the
two-day programs, not a substitute.
Partnership Workshops
Sep 28, Sep 30, Oct 11
This is a course to review partnership
taxation or an LLC taxed as a
partnership. Primary materials will be
IRS publications, handouts, and IRS
forms. Instructors will be Carol
Wright and John O’Hara. Both are
retired from the IRS and have worked
with many partnership returns. This
will be a good review of partnership
taxation for those who prepare
partnership returns. It is also a good
introduction for those who want to
understand more about partnerships
but have not filled out many
partnership forms. Topics include
forming, operating, and selling
partnerships as well as contributions,
distributions and special allocations.
The focus will be on small businesses
although the instructors may address
all types of partnership questions.
Morning coffee, lunch and afternoon
refreshments are included.
Registration fee: $150 if received 14
days before the class meets; $170 if
received later.
Dates and Locations
Sept. 28, 2010 (Tuesday)
Sterling Heights—American Polish
Century Club 3204 Maple Lane (North
of 14 Mile Rd.)
Dates and Locations
January 12, 2011 (Wednesday)
Lansing—Lansing Community College
West (I-496, then south on Creyts,
east on Mt Hope, north on Sanders at
Cornerstone Drive)
January 13, 2011 (Thursday)
Livonia—Radisson Hotel 17123 Laurel
Park Dr. N (East of I-275 on 6 Mile Rd)
Sept. 30, 2010 (Thursday)
Kalamazoo—Radisson (downtown)
100 W. Michigan Ave. (park in ramp
across Rose St and cross on skywalk)
Oct. 11, 2010 (Monday)
Livonia—Radisson Hotel 17123 Laurel
Park Dr. N (East of I-275 on 6 Mile Rd)
Two-Day and One-Day 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. See note below
about ethics.
Nov 22-23 (Mon. –Tues.)
Grand Rapids—Prince Conference
Center, Calvin College
1800 East Beltline SE
Nov 22-23 (Mon.—Tues.)
Kalamazoo—Holiday Inn West
th
2747 S 11 St (West of U.S.-31, north
of I-94, off Stadium Dr.)
Registration fee: $280 if received 14
days before class start; $310 if
received later.
Nov 29-30 (Mon. –Tues.)
Traverse City—Holiday Inn West Bay
615 E Front St
Dates and Locations
Nov 3-4 (Wed. – Thurs.)
Okemos—Holiday Inn Express
2209 University Park Dr.
(Exit 110 off I-96)
Nov 29-30 (Mon. —Tues.)
Grand Rapids—English Hills
1200 4 Mile Rd. NW
Nov 8-9 (Mon.—Tues.)
Traverse City—Haggerty Center,
715 East Front Street
Nov 9-10 (Tues.—Wed.)
Gaylord—Otsego Club, 696 E Main St
(I-75 exit 282 then east 6 mi)
Nov 11-12 (Thurs.—Fri.)
Marquette—Holiday Inn, 1951 U.S.—
41 West
Nov 15-16 (Mon.—Tues.)
Jackson—Gene Davis Convention
Center. U.S.-127 then west on
McDevitt, north to 3575 Francis St
Nov 15-16 (Mon.—Tues.)
Sterling Heights— American Polish
Century Club 3204 Maple Lane (North
of 14 Mile Rd.)
Nov 18-19 (Thurs.—Fri.)
Frankenmuth—Bavarian Inn Lodge
One Covered Bridge Lane
Dec 2-3 (Thurs.—Fri.)
Troy—Hilton Detroit/Troy (Northfield)
5500 Crooks Rd.
Dec 2-3 (Thurs.—Fri.)
Flint—Genesys Conference and
Banquet Center, 801 Health Park Blvd.
Dec 6-7(Mon.—Tues.)
Livonia—Radisson Hotel 17123 Laurel
Park Dr. N (East of I-275 on 6 Mile Rd)
Dec 6-7 (Mon.—Tues.)
Sterling Heights—American Polish
Century Club 3204 Maple Lane (North
of 14 Mile Rd.)
Dec 9-10 (Thurs.—Fri.)
Kalamazoo—Holiday Inn West
th
2747 S 11 St (West of U.S.-31, north
of I-94, off Stadium Dr.)
Dec 9-10 (Thurs.—Fri.)
Lansing West Conference Center
Ramada (was Holiday Inn W) —7501
W Saginaw Hwy (At I-96/I-69)
(Last 2-day seminar in next column)
Dec 13-14 (Mon.—Tues.)
Saginaw—Horizons Conference
Center, 6200 State St.
Note: One hour of ethics is included
in each 16 hour seminar. An
optional, additional hour of ethics
training will be added to the end of
the first day of each seminar for a
total of 17 CPE credits. There will be
no added cost if you choose to stay
for the extra hour.
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
December 31, 2010; $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.
Dates and Locations
January 5, 2011 (Wednesday)
Warren—Macomb Community
College, South Campus, K Building,
14500 E 12 Mile Rd.
January 6, 2011 (Thursday)
Lansing—Lansing Community College
West (I-496, then south on Creyts,
east on Mt Hope, north on Sanders at
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: $85 if received 14
days before the start of class; $100 if
received later.
Dates and Locations
Nov 10 (Wednesday)
Escanaba—Delta County Extension
Office, 2840 College Avenue
Nov 19 (Friday)
Grand Rapids—Conference Centers at
WMU, 2333 E. Beltline Ave. SE (North
of Woodland Mall)
Nov 23 (Tuesday)
Frankenmuth—Bavarian Inn Lodge
One Covered Bridge Lane
Nov 24 (Wednesday)
Kalamazoo—Holiday Inn West
th
2747 S 11 St (West of U.S.-31, north
of I-94, off Stadium Dr.)
Dec 3 (Friday)
Mt. Pleasant— Comfort Inn
2424 South Mission Street
Dec 10 (Friday)
East Lansing—MSU Kellogg Center
Harrison Rd. at Michigan Ave (room
101, main floor near parking ramp)
Dec 17 (Friday)
Cadillac—Cadillac Sands Resort
(M-55 at M-115)
Text is the 2010 Agricultural Tax
Issues book by Phil Harris. Session
will be taught by Larry Borton, MSU
Department of Agricultural, Food and
Resource Economics.
Sessions will concentrate on farm tax
issues including:
• Conservation programs
• Ethanol issues
• Depreciation issues
• Domestic production activity
deduction for cooperatives
• Wind and solar power issues
• Reporting hedge contracts that
are open at end of the year
• Interpreting Form 1099-G
• Constructive receipts
• Tax issues related to going out
of business
• Energy efficient farm
equipment
Farm Tax Forms & Tax
Management
For those who may not be familiar
with using farm income tax forms, this
class is especially for you. Designed
for those who want to know about
farm taxes but the 4-hour class is
more detailed than they want.
Anyone interested is welcome to
come to this class.
Sessions run from 1:00 to 3:00 pm.
Registration is not necessary. No
lunch or snacks will be provided.
There is no charge for this session.
Just show up and we will discuss
Schedule F (Profit or Loss from
Farming), Form 4797 (Sales of
Business Property), Form 4562
(Depreciation), Schedule J (Income
Averaging for Farmers), Schedule SE
(Self-Employment Tax), and Form
8903 (Domestic Production Activities
Deduction). Tax management will
emphasize cash needed by March 1 to
pay taxes. How should plans be made
with variable crop yields, commodity
price uncertainty, and changing input
costs?
Dates and Locations: these will be in
the afternoon following the morning,
4-hour farm income tax seminar.
Nov 23 (Tuesday)
Frankenmuth—Bavarian Inn Lodge
One Covered Bridge Lane
Dec 10 (Friday)
East Lansing—MSU Kellogg Center
Harrison Rd. at Michigan Ave.
Registration
Name (please print clearly)
Badge Name (if different from above)
Address
City
Phone
State
E-mail
Zip
Two-day Income Tax Seminars--$280 (16 CPE hours, includes lunch, 17 CPE with the extra hour of
ethics). $310 if registration received less than fourteen days before class.
City
Date
$
One-day Income Tax --$165 (8 CPE hours, no lunch). $185 if registration received after Dec 31, 2010.
Macomb Community College, South. Wednesday, January 5, 2011
Lansing Community College, West. Thursday, January 6, 2011
$
Partnership Taxation--$150 (8 CPE, includes lunch). $170 if registration received less than 14 days
before class.
Sterling Heights, American Polish Century Club, Maple Lane N. of 14 Mile, Tuesday, Sept. 28
Kalamazoo, Radisson (downtown), 100 W. Michigan Ave., Thursday, Sept. 30
Livonia, Radisson, 6 Mile and I-275, Monday, Oct. 11
$
Update & Forms Review--$95 (5 CPE hours, includes lunch). $110 if registration received after Dec 31.
Lansing Community College, West. Wednesday, January 12, 2011
Livonia Radisson, Thursday, January 13, 2011
$
Farm Income Tax Seminars--$85 (4 CPE hours). $100 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
Farm Tax Forms & Tax Management--Free. No Lunch. No registration necessary (1:00 – 3:00 pm).
Letting us know you plan to attend helps insure that we have enough materials for everyone.
Frankenmuth, Bavarian Inn Lodge - Tuesday, Nov. 23
East Lansing, MSU Kellogg Center- Friday, Dec. 10
TOTAL:
$
Online Registration with credit card is available on the website www.canr.msu.edu/taxschool
You may also pay by check (payable to Michigan State University) Mail to: MSU Income Tax School,
Michigan State University, 414 Agriculture Hall, East Lansing, MI 48824-1039
Fax: (517)432-9805
Phone: (517)432-9803
E-mail: itschool@msu.edu Web site: www.canr.msu.edu/taxschool
2010 MSU Income Tax School
Two-day Income Tax Seminars
One-day Income Tax Seminars
November 3-4 to December 13-14
18 Dates and Locations around the State
16 hours of Certified Professional Education
credit (one additional hour of ethics available
at the end of the first day for a total of
17 CPE credit hours)
January 5, 2011 – Warren
January 6, 2011 – Lansing
8 hours of Certified Professional
Education credit
Additional Seminars:
Partnership Taxation (8 hrs. CPE): Sept. 28 in Sterling Heights; Sept. 30 in Kalamazoo; Oct. 11 in Livonia
Farm Income Tax (4 hrs. CPE): November 10 to December 17 (7 locations)
Update and Forms Review (5 hrs. CPE): January 12 in Lansing; January 13 in Livonia
Farm Tax Forms and Farm Tax Management: November 23 in Frankenmuth; December 10 in East Lansing
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.
Topics in the 2010 National Income Tax Workbook
New Legislation
Rulings and Cases
Individual Taxpayer Issues
• Schedule L (Form 1040)
• Tax Consequences of Owning a Home
• Part-time Clergy
• Recoveries and the Tax Benefit Rule
• Taxation of Damage Awards and Settlements
• Education Credits and Deductions
Financial Distress
Covers practical tax issues that arise from financial
distress reporting information from Form 1099-A and
Form 1099-C on the debtor’s tax return and showing tax
attribute reductions on Form 982. Includes issues such
as foreclosure, repossession, property with debt in
excess of FMV, bankruptcy of homes and business
property, and credit card debt.
Business Issues
• Fringe benefits
• Schedule C (Form 1040)
• Form 2106 planning issues
• Self-employment income
• Hobby loss issues
• Domestic production activity deduction update
• Benefits of C corporation
• Single member LLC: EIN and liability rules
Retirement (Focuses on Roth IRAs)
• Conversion of regular IRA to Roth IRA: 2010 v.
2011 and 2012 recognition of income
• Roth 401(k)
• Qualified distributions
• Penalty provisions
• Long-term planning with Roth IRAs
• Chart of retirement plan requirements and limits
Investment Issues
• Interpreting brokerage statements
• Reporting calls & puts on stocks & commodities
• Accrued interest calculations and reporting
• Buying and selling life insurance policies
• Tax consequences of losses on investments
• Oil and gas: reporting issues for royalty owners
IRS Issues
• Practitioner registration
• Oversight of tax return preparers
• EITC Compliance
• Electronic filing tips
• Electronic Federal Tax Payment System
• IRS Notices and Letters
• CP 2000 Frequently Asked Questions
• Audit reconsideration process
• Bank Secrecy Act reporting requirements
Income taxation of Trusts and estates
• Decedent’s final return; filing status: both H and
W die in the same year
• Beneficiaries’ returns
• Crops contracted for sale before death
• Choosing the end of the tax year for an estate
Tax Practice
• Amending amendments such as an I.R.C. § 179
deduction or NOL carry-back
• Forms issues such as e-file signature
authorizations and transmittal of an e-file
• Responding to a math error correction
• Tax doctrines such as constructive receipt of
income, step transactions, substance over form
and the tax benefit rule
Basis of Assets
• Assets transferred by gift
• Assets transferred at death, including carry-over
basis rules in 2010
• Basis rules for charitable contribution deduction
• Term interests, including life estates
• Conversion of personal property to business
• I.R.C. § 1060 allocation
Recapture Provisions
Comprehensive discussion of the recapture
provisions including depreciation, personal credits,
excess front-loaded alimony payments, § 1231 losses
under 5-year look-back rule, investment credit, at-risk
amount less than zero, low-income housing credit, cost
sharing payments and conservation expenses.
Ethics
• Impact of practitioner registration
• Conflicts of representation
• Who is the client?