The 2012 Clemson University Income Tax Course will be held in Clemson, Sc December 6th and 7th.

2012 Income Tax Course Topics:

New Legislation (S.C. and Federal): Tax Legislation enacted in late 2011 and in 2012

Rulings and Cases – From September 2011 through August 2012

Individual taxpayer Issues: Gifts to family, Elder care records and documentation,

Home owners  

Tax practice due diligence: regarding EIC and Form 1099 follow-up, post filing issues.

Estate and gift taxes: Types of trusts, Schedule K-1 (Form 1041), Grantor filing requirements, Distributable net income, Lifetime giving vs. inheritance tax implications

Family limited partnerships

Business Entities: Controlled groups, Distributions from entity, Personal service corporations, Abandonment of interest in entity, LRC-1244

Business Issues: Simple 125 plans, Fringe benefits, Health insurance credit,

AMT-NOL

Update on Agricultural Issues:

Retirement Plans: How to withdraw from plans with maximum savings

Types of investments allowed: Qualified plans, Interaction of plans

IRS Issues: Limits on RTRP representation, Consultant vs. return preparer, Innocent and injured spouse, Power of attorney and declaration of representative, Form 1099 requirements for small businesses, Disqualifications of retirement plans

SCDOR: Update on S.C. E-File and 2D barcode filing, Update on recent developments concerning income, sales and use and property taxes

Ethics: Tax scams, Conflicts of Interest, Disclosure of information, Privacy Act notification

Meals, Refreshments and Facilities:  A noon meal is included on both days of the workshop.

Refreshments are provided during breaks.  Most facilities have problems maintaining a uniform

temperature.  For your comfort, we suggest you DRESS IN LAYERS.

Continuing Education Credits:  The course awards 18 hours of continuing education

credit for those who require credits for their professional license.  The course also provides 18 hours of continuing professional education including two hours of ethics for those individuals enrolled to practice before the Internal Revenue Service (enrolled agents).  The course awards 15 hours of CLE credits for attorneys.

“We have entered into an agreement with the Office of Director of Practice, Internal Revenue

Service, to meet the requirements of 31 Code of Federal Regulations, Section 10.6(g), covering

maintenance of attendance records, retention of program outlines, qualifications of instructors

and length of class hours.  This agreement does not constitute an endorsement by the Director

of Practice as to the quality of program or its contribution to the professional competence of

the enrolled individual.”