TOPIC: New Jersey and Federal Tax Update

Seminar Description
This seminar is our annual update of tax law and other tax changes in the past year related both to New Jersey Tax (1 hour seminar) and Federal tax (3 hour seminar). The focus will be the tax law changes that affect the preparation of Forms 1040 and  NJ-1040, however, other important changes in tax law will be covered as well. 

Learning Objectives

Understand changes to tax law/regulations since last tax season and the resulting impact on tax preparation

• Understand changes relative to individual taxation, business taxation,and property tax relief programs in New Jersey
  
• Learn about the NJ the resources available to preparers and taxpayers

• Understand Federal tax changes and procedures which took effect in 2016 including those related to:
  
  • Filing Deadlines
  • Form 8867 - Due Diligence
  • ACA - ISRP
  • Identity Theft
  • Path Bill Extenders
  • Installment Agreements 
  • ITIN Renewals
    
  • IRA Rollovers Self Certification
  • Private Debt Collectors
  • Bonus Depreciation/Section 179
  • and more

• Learn about tax court cases which impact this filing season

OUR FEATURED SPEAKERS

Jacob Foy, Supervisor, Taxation University, New Jersey Division of Taxation

Jacob supervises Taxation University, a team of tax specialists and instructors within the New Jersey Division of Taxation. Jacob started with the Division seventeen years ago as Customer Service Call Center agent and has worked for the Problem Resolution Unit and the Taxpayer Service Walk-In Center.
He was most recently a Case Advocate with the Office of the Taxpayer Advocate (OTA) where he spent three years resolving ongoing taxpayer problems and disputed state tax issues.

His experience with Sales Tax, Employer Responsibilities, Income Tax and Property Tax Relief Programs has placed him in leadership of Taxation University, where he focuses on educating Division staff and the public to better understand New Jersey tax responsibilities.

Jacob is a songwriter and a musician, playing guitar, drums, piano, accordion, banjo and the mandolin. He writes music for film and theatre and performs in a band playing original music. Jacob has two daughters and is a soccer coach.

Frank Degen, EA, USTCP

Frank Degen, EA is a self employed practitioner in Setauket (Long Island), New York. He has a Bachelors degree in mathematics from Iona College and a Masters degree from Johns Hopkins University. He became an Enrolled Agent in 1984.

Frank is a fellow of the National Tax Practice Institute. He is also a non-attorney admitted to practice in the United States Tax Court.

Frank served two terms as President of the National Association of Enrolled Agents (NAEA). His first term was during the 2005-2006 year; his second term was during the 2012-2013 year. He served as NAEA GRC Chair for 4 years (2006-2010). He also previously served two terms as an NAEA Director. He was a three term president of the New York State Society of Enrolled Agents (NYSSEA) and was awarded the NYSSEA Founders Award in 1999.

He has been quoted extensively in publications such as The Wall Street Journal, Business Week, US News and World Report, USA Today and Kiplingers. He has done many radio interviews for NAEA (including repeated interviews with MarketPlace Money on National Public Radio), is a three-time panelist on TaxTalkToday and has appeared on the NBC Nightly News. He has testified on behalf of NAEA before the IRS Oversight Board, the Senate Finance Committee and the House Ways & Means Oversight Sub-Committee. He was chosen three times by Accounting Today to its “Top 100” list. He served a three year term on the Internal Revenue Service Advisory Council (IRSAC) and was Chair in 2009.

CE Credits:  3 IRS CE and 1 NAEA CE or 4 CFP® CE or 4 CPA CPE

Contact

Anthony Berlangieri, Secretary 

New Jersey Society of Enrolled Agents
(973) 580-0706
aberlangieri@yahoo.com