Monday, October 23, 2017 at 8:00 AM CDT
Tuesday, October 24, 2017 at 4:30 PM CDT

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Double Tree by Hilton Hotel Minneapolis North 
2200 Freeway Blvd
Brooklyn Center, MN 55430

Click HERE to reserve your room online!

Reserve by phone by calling: 763-489-2569

Use group code: MN1

Driving Directions


Nicky Hintz 
Minnesota Society of Enrolled Agents 

Jennings: Business Tax In depth - October 23rd - 24th, 2017 

16 Credits in Taxes.  Best suited for preparers with 2-4 year corporate tax preparation experience - Intermediate Level.  

Teachers:   Bob Jennings, CPA, CFP, EA & Bill Leonard, CPA, CFFA 

Registration:    Early - Members $380.00, Non - Members $480.00  - Add $50.00 if registering after Oct 9th 2017


Refund Policy: All attendee conference cancellations must be confirmed in writing. Cancellations will be accepted up to and before ten days prior to the seminar, less a $50.00 administration fee. “No Shows” will not be granted refunds. Registration substitutions are accepted providing that nonmembers pay an additional fee of $50.00. This additional fee may be used towards MNSEA membership. Refunds will not be given due to poor weather conditions, handout materials will be available for pick up.

Topics: Business tax changes and problem coverage are the focus of this course. We cover the latest tax changes and add in our ”problem focus explanation” where we hone in on the latest IRS attacks on small business issues. This class provides an in-depth look at the tax organization, filing and compliance issues for all 3 of the major forms of business entities.

The discussion of S corporations includes elections, late “S” election, allowed shareholders, basis rules, distributions and accounting issues. We also provide the instructions and elections to make a deemed dividend election or to distribute E&P before AAA. We also discuss troublesome operating issues such as officer compensation, debt basis, suspended losses and non-cash distributions.

The discussion of C corporations provides guidance on tax operating characteristics of the C corporation including accounting methods, choice of year-end, capital losses, net operating losses and a summary of consolidated return rules. Our discussion of C corporate reasonable compensation also includes an analysis of constructive dividend problems and concludes with a review of such problem issues as personal holding companies (PHC), personal service companies (PSC) and the accumulated earnings tax (AET).

Our LLC/partnership discussion includes organizational income tax elections and definitions and then moves to a completed example Form 1065. We discuss converting an LLC to an S corporation and provide an example election. We then move to operating issues of an LLC such as guaranteed payments, tax-free formation, partner self-employment tax issues, basis, ownership transfers and the sale of a partnership interest. An in-depth discussion of equity accounts is provided along with detailed analysis of debt basis.


Bob Jennings, CPA, CFP, EA; Bob is a nationally renowned author and speaker, presenting continuing education classes to over 100,000 tax professionals over the last 20 years all over the world. Bob is a licensed CPA (Indiana), a licensed CFP, an IRS Enrolled Agent and a Registered Tax Return Preparer. Bob is also a prolific author and has published over 60 professional articles in professional and consumer publications; annually authors several tax, accounting and  technology manuals; and is a regular columnist for FoxBusiness.com.  As the founder of his own regional CPA firm in 1984, Bob has dealt exclusively with individual and small business financial issues for over 30 years. 

Bill Leonard, CPA, CFP, EA; Bill holds licenses and memberships in Massachusetts, Rhode Island, Alaska and Singapore. He is the sole shareholder of W.A. Leonard &  Company, P.C. and PT W.A. Leonard employing sixteen multi-lingual professionals that focus on meeting the needs of small businesses, individuals and fiduciaries. A graduate of Bentley University and Babson College, Bill has been in practice since 1981. He has over twenty years of college and seminar teaching experience.