Maine Association of Professional Accountants

 December 2023 Surgent Seminars

 

We are hosting two days of live in person seminars at the Portland Sheraton Sable Oaks on December 4 & 5, 2023.

Registration includes continental breakfast, lunch and snacks. The seminars begin at 8:30am and end at 4:30pm both days.  Registration begins at 7:30am, and breakfast begins at 7:15am.

Please note: If you are ordering a book, I need to place the order by Friday, November 17.  PDF copies are provided free of charge.

These seminars will be held regardless of weather conditions.  We are unable to issue refunds due to inclement weather, so please check the weather forecasts and plan your travel needs accordingly.

MAPA membership ($80 for Active members) saves $50 on this two-day seminar and will provide savings on our June 2024 programming.  Applications are available on our website, or by clicking on this link.

MAPA Application 

Register Now!

Monday, December 4, 2023

The Best Individual Income Tax Update Course by Surgent

8 hours CPE (CPA & IRS CE)

Christopher T. Wills, CPA 

This highly informative course comprehensively covers all the latest tax law developments. The focus is on individual taxation and discussion of the planning opportunities practitioners need to understand to help clients respond effectively. You will come away from the course with the up-to-date knowledge to educate your individual tax clients and implement tax-saving ideas that will serve their ever-evolving needs. This course is continually updated to reflect enacted legislation.

• Comprehensive coverage of the Inflation Reduction Act, including:
  • The Clean Vehicle Credit, Credit for Previously Owned Clean Vehicles, Credit for Qualified Commercial Clean Vehicles, Residential Clean Energy Credit, Energy Efficient Home Improvement Credit, Premium Tax Credit, and Prevailing Wage and Apprenticeship Requirements
• Comprehensive coverage of the SECURE 2.0 Act, including:
  • Expanding Enrollment in Retirement Plans, Increase in Age for Required Beginning Date for Mandatory Distributions, New Exceptions to Penalty-Free Withdrawal from Retirement Plans, and recent IRS guidance
• Timely coverage of breaking tax legislation
• New Form 1099-K reporting requirements
• Detailed analysis and examples of Sale of Passthrough Entity Interest and Net Investment Income Tax
• Residency and Domicile
• Selling a principal residence, including tax planning strategies
• Real Estate professional requirements
• Virtual currency, including recent developments regarding NFTs, new Form 1099-DA, and recently released proposed regulations regarding new IIJA broker reporting requirements
• Review of pertinent cases and rulings affecting taxpayers
• Practice aids, including all the numbers applicable for the current year -- inflation-adjusted amounts, mileage rates, retirement contributions, and more
• Advanced practice, reporting, and other issues intertwined with advanced planning and discussion ideas

 

Tuesday, December 5, 2023

The Best S Corporation, Limited Liability, and Partnership Update Course by Surgent

8 hours CPE (CPA & IRS CE)

  Christopher T. Wills, CPA   

This year practitioners need to keep abreast of tax changes affecting pass-through entities used by their business clients and employers, and this enlightening course delivers that information. You will learn invaluable strategies, techniques, innovative tax-planning concepts, income-generating ideas, and other planning opportunities available to S corporations, partnerships, LLCs, and LLPs. In addition, this course will discuss current trends and emerging issues, helping practitioners stay informed about relevant and significant topics that may impact their clients. Continually updated to reflect enacted legislation.

• Comprehensive coverage of the Inflation Reduction Act, including:
  • The Corporate Alternative Minimum Tax, The Clean Vehicle Credit, Credit for Previously Owned Clean Vehicles, Credit for Qualified Commercial Clean Vehicles, and Prevailing Wage and Apprenticeship Requirements
• Principles and considerations for nonresident withholding, composite payments, and passthrough endity taxes
• Comprehensive coverage of the SECURE 2.0 Act with a focus on provisions applicable to employers
• Retirements and redemptions: considerations for partnerships and S corporations
• Timely coverage of breaking tax legislation
• Schedules K-2 and K-3 reporting requirements, including the 2022 domestic filing exception and Form 1116 exemption
• Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations, with examples of how to calculate stock basis
• Selected Practice and Reporting Issues: What’s new?
• A review of recent cases and tax law changes and IRS guidance affecting S corporations, partnerships, limited liability companies, and limited liability partnerships
• New Form 1099-K reporting requirements
• Bonus depreciation in 2023
• Section 163(j) in 2023
• Section 174 Research & Experimental Expenditures
• New FinCEN reporting requirements in 2024
• Employee vs independent contractor considerations that companies should be aware of
• A review of like-kind exchange transactions under §1031
• Special basis adjustments, including comprehensive examples

 

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Upcoming Event:

June 2024

 Two days of seminars and the MAPA Annual Meeting

in person at the Nonantum Resort

Kennebunkport, Maine

Visit our facebook page for updated information: www.facebook.com/ourmapa