​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Texas Chapter Education

Texas Tax Tuesday Talk Webinar

The Texas Chapter is hosting a series of open talk webinars.

Date & Time:

Location:

Information is subject to change. Please keep watching this webpage for updated information.

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TX NATP EPIC Education Adventure

This event will offer the following education:

• Changing LLCs Structures – Tax Implications
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  When a client wants to discuss whether they should change entity types it is key to understand the tax impact of the conversion. It is not as simple as just reporting the change on the appropriate form. During this session we'll discuss what happens when a limited liability company (LLC) adds owners or when the sale of interests leaves only one partner in that LLC. Additionally, we will address factors to consider when the LLC owner(s) wants to elect in or out of corporate status. Furthermore, Conversions to S Corporation and IRC § 351 election will be detailed. Finally, an in depth discussion on when and if an entity will need a new Federal Identification Number. Presented by A.J. Reynolds, EA.
• S Corporations (Form 7203) and Partnership Basis
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  The Partnership Centralized Audit Regime (CPAR), also known as the Bipartisan Budget Act (BBA) of 2015, is a set of rules that govern how the Internal Revenue Service (IRS) audits and adjusts the tax liability of partnerships. Prior to the CPAR, the IRS had to audit each partner individually, which was a complex and time-consuming process. The CPAR was introduced to simplify and streamline the partnership audit process. Presented by A.J. Reynolds, EA.
• Centralized Partnership Audit Regime Overview
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  The Partnership Centralized Audit Regime (CPAR), also known as the Bipartisan Budget Act (BBA) of 2015, is a set of rules that govern how the Internal Revenue Service (IRS) audits and adjusts the tax liability of partnerships. Prior to the CPAR, the IRS had to audit each partner individually, which was a complex and time-consuming process. The CPAR was introduced to simplify and streamline the partnership audit process. Presented by A.J. Reynolds, EA.
• Representation Notices, Installment Agreements, OIC. Collections
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  This class will be providing a synopsis on Client Representation, IRS Notices, Installment Agreements, Offer in Compromises, and everything in between. In addition, this session will assist in resolving clients worst tax debts and help them put their financial lives back together. The implementation and types of installment agreements will be reviewed. Furthermore, an inspection of Partial Pay Installment Agreements and the Currently not Collectible status will be provided. Types of Offers will be analyzed with an emphasis on the Doubt as to Collectability program. What payment options are available with Offers and how to calculate an amount that the IRS will agree to will be evaluated. Analysis on how to keep taxpayers in compliance with these programs will be discussed and effects on the statute of limitations. Presented by A.J. Reynolds, EA.
• Rental Properties with Emphasis on Short-term Rentals
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  In addition to having rental properties or renting vacation homes, more and more taxpayers are renting their homes through VRBO, Airbnb and other online platforms. In this session you'll learn which form to properly report rentals on, either Schedule E (Form 1040), Supplemental Income and Loss, Page 1, or Schedule C (Form 1040), Profit or Loss from Business. Furthermore, you'll learn proper depreciation methods, converting Personal Residence to a rental and renting to related parties. Finally, we will explore Short-term rentals and related tax consequences. Join us for this must attend session to assist you in handling unique situations of rental properties. Presented by A.J. Reynolds, EA..
• State Sales and Franchise Tax Update
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  This session will address recent changes to Texas sales tax and franchise tax returns including sales tax filing for Non-Profit TABC applications, penalties for late filing and actions required to reinstate entities if the Comptroller's Office pulls their entity registration for non-filing. Presented by the Texas Comptroller's Office.
• Individual & Business Update Course
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  Tax season always brings new challenges, and this upcoming season will be no exception. Join us for this fast-paced, must-attend updates and overview where you will receive the latest information and guidance that has transpired over the last 12 months affecting your practice encompassing your individual and business clients. This course is intended for every practitioner, no matter what experience level. Presented by A.J. Reynolds, EA.
• Corporate Transparency Act (CTA) & Beneficial Ownership Information (BOI)
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  January 1, 2024 the Beneficial Ownership Information (BOI) reporting went into effect. This reporting requirement is the result from the passage of the National Defense Authorization Act for Fiscal Year 2021, which included the Corporate Transparency Act (the CTA). This Act will affect every LLC, S Corporation, C Corporation, and any other entity required to be "registered" with their respective state. This act was developed to curve and expose illicit activity, money laundering, and concealment of ownership. Furthermore, this Act was developed to protect the United States and our National Security Interest. The course will present tax professionals with up-to-date valuable knowledge on this act and how it will impact their practice and clients. In addition, we will provide a how to file the BOI reports either using FinCEN's online filing or by completing a pdf document and uploading at a later date on FinCEN's website. Presented by A.J. Reynolds, EA.
• Decedent Estate and Final 1040
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  Join us for this essential class on critical issues affecting the decedent. What is the significance of "Step Up" Basis on decedent's assets? What forms are required and or recommended to be filed? What happens with the decedents Capital and Net Operating Losses? Who or What is a Personal Representative? Who can sign the decedent return if no estate is open? Significance of IRC Section 454 regarding Savings Bonds will be discussed in addition we will define terms associated with the decedent, review filing dates, and separating income and expenses between the decedent and estate. Bonus Material: Review issues surrounding delay or frozen refunds for deceased individuals, obtaining a POA for a decedent, and issues surrounding decedent's Digital Assets. Presented by A.J. Reynolds, EA.
• IRS Presentation Stakeholder Relations Issues
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  This session will discuss methodologies for contacting the IRS and dealing with issues with shareholder relations, tax advocates office, and dealing with the IRS. Topics covered include how to elevate systematic issues, using IRS products for Tax Professionals such as: document upload tool, creation of ID.me accounts, Tax Pro Accounts, online submission of forms 2848 and 8821, procedural changes when requesting transcripts via the Practitioner Priority Service, and how to upload secure documents for audits. Presented by IRS Liaison Office.
• Ethics
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  "Ethics knows the difference between what you have a right to do and what is RIGHT to do." - Associate Justice of the Supreme Court of the United States, Potter Stewart Why Authority matters: Circular 230 Considerations, such as diligence regarding accuracy, standards with respect to tax returns, requirements for written advice, competence, and taking unreasonable positions or willful and reckless conduct. Presented by A.J. Reynolds, EA.
• EIC Eligibility and Due Diligence
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  The earned income tax credit (EIC) is a refundable tax credit that provides a tax break to taxpayers with low to moderate income. Tax professionals who prepare returns claiming the earned income tax credit (EIC) must comply with the IRS's strict due diligence requirements for each return filed and understand the rules used to determine eligibility for the credit. Failing to comply with the due diligence requirement or filing a return that erroneously claims the EIC can lead to the preparer facing a penalty of $600 (2024) for each failure. This session provides tax preparers with the information they need to comply with due diligence requirements, determine whether a taxpayer qualifies for the EIC, calculate the proper credit amount and identify the penalties for incorrectly claiming the credit. Presented by A.J. Reynolds, EA.
• Tax Planning for the Moderate-Income Client
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  Tax Planning is not just for the rich and famous. This course will provide insights to numerous topics so tax professionals can assist their moderate-income clients to create and preserve wealth. Ensure we provide our clients with the tools necessary to provide practical tax planning techniques and be hands-on to develop a long-term beneficial relationship. Join us in deciphering the mystery of Tax Planning for the average taxpayer. Presented by A.J. Reynolds, EA.
• Cyber Security for your Tax Practice
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  You may have already experienced a cybersecurity breach and not even be aware of it. According to the Ponemon Institute report, on average it takes firms 212 days to discover their business was hacked. Statistics highlight that we are more likely to experience a data breach than we are to catch the flu. The question is, "not if, but when" you will be targeted. This session addresses scams, threats, prevention, data security requirements and steps to take in the aftermath of a breach. The smaller your firm is, the more imperative it is to attend this session. Confidentiality, integrity, and availability are duties of the tax professional community to protect our clients' information from disclosure to third parties and threat from cyber-attacks. Presented by A.J. Reynolds, EA.

In addition to great education, this event will offer several networking opportunities!

• June 9: Gathering from 4:30 p.m. - 7:30 p.m. with hors d'oeuvres. Beverages can be purchased.
• June 10: Meet & Greet​ at Chicken and Pickle at​ 1:15 p.m. Food will be provided by the Chapter and drinks may be purchased at attendee's expense.

Following the June 10 Meet & Greet and after classes end on June 11, attendees are free to explore entertainment and restaurant options at EpicCentral which is next door to Homewood Suites.

Register Now!

Date & Time:

June 9-11, 2025
Attendee check-in on each day: 7:30 a.m. CT
Education on June 9: 8:00 a.m. - 4:40 p.m.
Education on June 10: 8:00 a.m. - 12:50 p.m.
Education on June 11: 8:00 a.m. - 12:45 p.m.

Location:

Grand Prairie Event and Convention Center (​Ballroom A)
2945 S State Highway 161
Grand Prairie, TX 75052
682-428-7311
Book your room at the Homewood Suites by Hilton Grand Prairie at EpicCentral today! With our room block, a Standard King Studio or Standard 2 Queen Studio is $169/night. Includes free breakfast buffet daily for room guests. Must book by May 9 to guarantee this rate. Mention National Association of Tax Professionals if calling to book (682-882-6744).

Fees:

Early pricing ends May 15, 2025.
Registration includes electronic materials. Attendees will receive a pdf of all class materials via email the week before the event.
Lunch on June 10 is also included with registration. A guest meal for lunch on Monday may be purchased for a $55 fee.

Cancellation Policy:

Cancellations must be submitted to NATP by May 15, 2025.

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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