BAMA NEWS VOLUME 4, ISSUE 1 SPRING FLING 2018 UPDATE Spring Fling Update Sheila M Sutton, EA Kathy Hallford, EA Due to online registration issues we are extending the Early Bird pricing until April 10 th. Everything is up and running on our Alabama Chapter Webpage now, but time is running out so don t delay! Register today via this link: https://www.natptax.com/ Chapters/Pages/ AlabamaChapterEducation.aspx. For hotel registration, please contact Hampton Inn at 251-923-4400 or visit their website at http://hamptoninn3.hilton.com/en/hotels/ alabama/hampton-inn-and-suites-orangebeach-gulf-front-mobobhx/index.html. Group discount code: TAX Group discount pricing is for May 4 to May 12 th ; as space permits. Board of Directors: President: Sheila Sutton 256-586-2366 smsutton@otelco.net Vice President: Kathy Hallford 251-843-5153 kathyh@kathystax.com Treasurer: Doug Crump 205-556-0042 djcrump@rrbusiness-solutions.com Secretary: Deidree Jones 205-436-8481 Deidree@jonesandassociates.net Amanda Elrod 256-547-9909 Elrodtaxservice@gmail.com Nelda Bunch 251-957-6566 bunchincometax@msn.com Brandon Jones 205-518-8850 Jonestax7@yahoo.com Gwendolyn Harris Brooks 334-664-3581 gharris1@knology.net Pam Worsham 251-478-6044 pam.worsham@abkpg.com Elizabeth Johnson 251-653-5575 liz4304@bellsouth.net Shirley Lloyd Bolt 334-297-9909 Shirley@shirleysacct.com Inside this issue: President & Education Notes cont d 2 Spring Fling Instructors 3 Spring Fling Course Descriptions 4-5 Scholarship Information 5 Spring Fling Registration Form 6 Spring Fling Meeting Agenda 7
Page 2 Spring Fling Hampton Inn Orange Beach, AL May 6 9, 2018 National Conference & Expo Anaheim Marriott Anaheim, CA Aug. 6-9, 2018 Tax Forums Atlantic City September 20 21, 2018 Las Vegas September 25 26, 2018 Indianapolis October 17 18, 2018 1040 & Beyond Fall Conference & Annual Membership Meeting Hampton Inn Orange Beach, AL Nov. 11 14, 2018 EARLY BIRD PRICING EXTENDED THROUGH APRIL 10 Hampton Inn Orange Beach 25518 Perdido Beach Blvd Orange Beach, AL 35561 251-923-4400 Group Code: TAX
Page 3 Spring Fling Key Instructor Kathryn M. Keane, EA IRS Guest Speaker Regina Malisham, IRS Stakeholder Liaison Kathryn is the principal tax professional at Macánta Corporation, a small family owned tax and related services practice located in Brooklyn, NY, serving over 975 individual clients and 70 businesses. Kathryn served two 3-year terms on the National Board of Directors of NATP. Kathryn is the only person in the history of NATP to be awarded Chapter Person of the Year three times. In 2002, 2008, and in 2015 recognizing her volunteer service to the community at Alabama Department of Labor Worker s Comp Division Ms. Sandy Hallmark Compliance Officer Regina began her career with the Internal Revenue Service in 1991 as a Revenue Officer. In 2010, she joined the Communications & Stakeholder Out-reach Division as a Stakeholder Liaison. She collaborates with tax professional organizations, small business, and industry associations to provide Sandy Hallmark has been in the insurance industry forty (40) years. She was an agent for Alabama Farm Bureau (ALFA) and adjuster for Universal Claims Service. She has been with Alabama Department of Labor twenty-nine (29) years. large as well as to NATP. In addition to serving on the Board of the NY Chapter of NATP, she currently serves as Chair of the IRS Triboro Practitioner Liaison Committee. Kathryn presents for NATP as part of its 1040 Update series, at their National Annual Conference and for NATP Chapters across the country. Kathryn, an NTPI Fellow, has a B.S. degree from Brooklyn College and is an authorized IRS Enrolled Agent. tax education and information for their members. Regina has a Bachelor of Science Degree in Accounting from Alabama A&M University. Let us know if you have received any awards or community acknowledgements. We would like to brag and let our members know how we try to give back to the community. Send your information to Amanda Elrod or any other Director. December Debbie Bass Tim Coleman Kevin Green Kelly Maria Kelley Hartnel Lambert Roger L Myers Charles Parish Sharen Robinson January Jazmin Evens February John Holifield Nicole Shierling Visit us on: Facebook page Alabama NATP and www.natptax.com
Tax Reform and Its Impact on Our 1040 Clients - (4) CPE Tax Updates Page 4 In this hands-on session, we will discuss the items from the Tax Cuts & Jobs Act of 2017 which impact 1040 filers. We will also review the impact on actual case studies. Upon completion of this session, attendees should be able to: Understand the 2018 Standard Deductions, loss of exemptions, and tax rates Utilize the expanded Child Tax Credit and new Family Tax Credit Implement planning strategies utilizing the 529 plan changes Recognize commonly used itemized deductions that are either eliminated or revamped Operating an Ethical Tax Practice - (2) CPE Ethics Recent tax law changes such as the PATH Act and Tax Reform introduce changes to how ax practices are handled. Due Diligence, Best Practices, and Safeguarding Taxpayer s Information are essential components to an ethical and successful tax practice. Upon completion of this session, attendees should be able to: Implement safeguards to assure Best Practices are followed Develop procedures to implement the Due Diligence requirements Recognize the ethical dilemmas common in today s environment Establish mechanisms to safeguard taxpayer s information as well as the firm s Specialized Tax Situations - (4) CPE Clients are always looking to make an extra buck here or there venturing into areas that we may or may not see often. This session examines three industries that are growing in popularity, as well as how Tax Reform impacts them. Upon completion of this session, attendees should be able to: Recognize the difference between a real estate investor and a flipper Properly report the income and expenses of a House Flipper Recognize common expenses of Uber/Lyft and other transportation taxpayers Properly report the income and expenses of shared ride and transportation providers Recognize common expenses of entertainment taxpayers Properly report the income and expenses of entertainers Employment Tax Issues - (4) CPE Can I hire my kid to shred? Can I hire a nanny? While the answer is yes, the question really should be why would I hire? This session examines the benefits and drawbacks of hiring a child, (as well as other family members), the obligations for federal tax matters with household and tax credits connected to employment such as the Work Opportunity Tax Credit and new items from the Tax Cuts & Jobs Act. Upon completion of this session, attendees should be able to: Discuss with clients the requirements when hiring the taxpayer s child Recognize federal tax obligations for household employers Comprehend the Work Opportunity Tax Credit and recognize when it is appropriate Worker s Compensation: Is it required? - No CPE The question of "Is Worker's Compensation required for my business?" is a question tax professionals are often asked. I/we don't have 5 people working, we aren't required to have coverage, right? Well this class explains the rules in language we can pass on to our clients. Upon completion of this session, attendees should be able to: Have a better understanding of the rules of workers compensation Discuss with clients the requirements of when workers compensation rules apply to their business. Assist clients with a workers compensation review
Page 5 Tips From the IRS to the Tax Professional (2) CPE, 2 Federal Tax Law E-Services secure access procedures. ASFP updates as well as Tax Reform new withholding and using the IRS withholding tax calculator. Upon completion of this session, attendees should be able to: Set up and successfully use their E-Services Account AFSP practitioners will understand the necessary steps to obtain their AFSP Certificate Assist clients using the IRS Withholding tax calculator successfully Know the importance of securing their client s personal information. 2018 AL-NATP Chapter Tax Professionals Stone-Lewis Scholarship Fund You are eligible for a one-time Educational Scholarship if: You are an active member of the Alabama Chapter of National Association of Tax Professionals. (Individual, e-membership or academic) You are actively pursuing one of the following credentials: enrolled agent, enrolled actuary, accountant, attorney or financial planner. You must have an active member of the AL NATP as your sponsor. Your application must be received by the deadline date of April 28, 2017. You must be present at the AL NATP Fall Education & Annual Membership Meeting Conference on November 11 14, 2018. Scholarships will be awarded based on a point system that will include chapter involvement, community involvement, educational background and work history within the tax professional community. AL-NATP Board Members and Scholarship Committee Members are not eligible for Scholarships. Directions: 1. Email Mrs. Liz Johnson for an application 2. Complete the application 3. Attach a copy of the qualifying CPE certificate from NATP 4. Mail, email or fax the application and supporting documents to the following: Elizabeth Johnson P.O. Box 1065 Theodore, AL 36590 Liz4304@bellsouth.net (251) 653-5575 - work (251) 653-5580 Recipient(s) will be notified in late September. Scholarship winners will receive their checks after completing their specified training/college course or testing and will be recognized during the November Alabama NATP Annual Membership Meeting.
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