​​​​​​​​​​​​​​​​​​​Ohio Chapter Education

The One Day Ohio Update 2025

This event will offer the following education:

• Ohio NATP Roundtable:
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  The board members from Ohio NATP will be reviewing their favorite classes from the National NATP Conference in Orlando, Florida and NATP Tax Forum in Washington DC. They will sharing what they learned with our Ohio Chapter.
• Ohio Pass Thru Entities:
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  This session will cover recent return updates. The presentation will also provide a refresher on the legal framework behind these taxes, highlight recent case law, topical legislative activity, and provide helpful filing guidance and reminders. Presented by the State of Ohio.
• Municipal Taxation of Pass Through Entity:
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  We'll look at some the common and uncommon municipal tax issues on both the entities' returns and the owners' returns. On the entity side, we'll briefly explore the required municipal tax adjustments hidden behind the "as if the taxpayer were a C corporation" code language of ORD 718.01(E) that no tax preparation software handled correctly in prior years, and that were overlooked 95% of the time when manually completing a PTE return. On the owner side, we'll take a deep look at the various ways municipal regulations deal with loss offsets when a taxpayer has multiple sources of taxable non-wage income, and how a taxpayer can lose the tax benefit of their NOLs as a result. We'll also touch on some complex issues like technical terminations and disguised wages. Finally we'll discuss how to use KISS to effectively represent your clients before a tax administrator if that administrator disagrees with your treatment of a PTE issue. Presented by Richard Donnelly.
• IRS Tax Topic:
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  This will be an IRS Update. These are the topics: Business Tax Account; E-Filing Requirement & Exceptions; Record Retention; Taxpayer Advocate Services; and Tax Scams. Presented by Nichelle Grey, IRS Liason.
• Social Security & Medicare for Taxpayers:
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  The discussion on Social Security will include: Complexities of the Social Security system and why it’s crucial to make the right claiming decisions. Role Social Security plays in overall retirement income and the importance of getting the most out of those benefits. Monetary consequences and benefits of claiming early versus delaying. Key spousal decisions and benefits surrounding marriage, divorce and death. How Social Security is structured to help combat inflation but can potentially add to tax liabilities in retirement. The discussion on Medicare will include: The A, B, Cs (and D) of Medicare. Original Medicare vs. Medicare Advantage. When and how to enroll. Choosing a drug plan. Supplementing Medicare.
• Ohio Line-by-Line Class:
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  This class will delve into the Ohio Income Tax Forms and Laws using the 2024 tax forms as the reference. We will look at What is New for 2024 in both the State and School Tax Forms. There will be in depth discussion about how federal and state laws interact. We will be looking at adjusting for income that is not federally taxable but is subject to Ohio income tax and also items that are federally taxable but not taxable to the state. We will discuss the differences between federal and state depreciation and the differences that need to be tracked. Additions and deduction schedules will be reviewed in detail. Presented by Melissa Bowman.

Date & Time:

Location:

Fees:

Cancellation Policy:

Cancellations must be submitted to NATP by January 3, 2025, and are subject to a $50 fee.

All tax preparers are responsible to verify the number of credits they receive each year and the related state or federal reporting requirements to maintain their credentials.

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