Where:
Central Willamette
Community Credit Union
7101 Supra Dr. SW
Albany, OR 97321
(Across from Linn-Benton
Community College)
Pricing:
$100 - On or Before 10/20/2016
$125 - After 10/20/2016
$ 10 - Printed Handout*
*Handout materials will be provided electronically prior to the seminar.
___________________________________________
CAR POOL?
If anyone in the Portland Metro area would be interested in car pooling to the seminar, please call or email Jim Verrastro, who has offered to coordinate that effort.
(971) 801-8300 ~ jimv@jts1040.com
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CANCELLATION POLICY
$10.00 Fee: Cancellations made prior to
October 31st
$25.00 Fee: Cancellations made after
October 30th*
*Handout material will be made available.
Attendee substitutions can be made on a like-for-like membership basis or by paying the difference.
Call the OATC office and follow up in writing.
___________________________________________
Contact
Linda Musson, Executive Director
Oregon Association of Tax Consultants
503-726-0100
director@oatc-oregon.org
2016 SPECIAL SEMINAR
Information Returns
&
Effects of Death, Estates, and Trusts on Form 1040 Preparation
Presented by:
Dennie Wheeler, CPA
This class qualifies for 6 Hours of CPE
Morning Session:
Information Returns
This session will include a discussion on items such as:
- What returns, such as Forms 1099 and W-2, are required and when are they due?
- What serious monetary consequences can befall taxpayers and tax practitioners for not filing, incorrectly filing, or delinquently filing information returns?
- How can tax practitioners simultaneously protect themselves and their clients from these potentially onerous costs, such as Oregon's full disallowance of deductions for personal service expenses and IRS's penalties of up to $500 per information return?
- ...and much more.
Afternoon Session:
Effects of Death, Estates, and Trusts on Form 1040 Preparation
This session will include a discussion on items such as:
- How much income reported under a decedent's social security number on information returns (such as Forms 1099) should be included on his or her final 1040 and how much should be reported by his or her heirs, estate, or trust(s)?
- How should basis of assets inherited from a decedent be determined?
- Can community property laws affect basis of inherited assets, even for Oregon, which is not a community property state?
- How could a tax practitioner end up being potentially liable for about $2,000,000 to heirs of a deceased client?
- What information should a tax practitioner try to obtain from an individual client who inherits assets, in order to properly prepare the heir's Form 1040?
- ...and much more!
* * * * * * * * * * * * * * * * * * * * * * *
About the Speaker:
Dennie Wheeler, CPA
Dennie is a Certified Public Accountant and resident member at the Bandon, Oregon office of Wheeler & Grimes, CPAs, LLC. He was one of seven people in the United States to pass the 2002 U.S. Tax Court examination for non-attorneys to practice before the U.S. Tax Court. He also holds an Oregon municipal auditor license, and has co-authored two articles published in professional accounting journals. He has an associate’s degree with honors, a baccalaureate with honors and distinction in major, and two master degrees.
Dennie taught accounting and applied statistics at Oregon State University for four academic years, and has been an adjunct faculty member for three other colleges. He has been a seminar speaker for professional tax-related organizations for over 35 years and has presented classes on partnership, S corporation, and estate tax matters to Oregon Department of Revenue personnel. He has testified before several Committees of the Oregon Legislature, the Governmental Accounting Standards Board (GASB), the Surface Transportation Board, and has appeared as an expert witness on taxation, accounting, and statistics in several courts.
