8 Hours CE Presented Virtually
Dates: Tuesday, October 20, 2020 from 9am-1pm and Thursday, October 22, 2020 from 9am-1pm
NMSEA Convention Speaker and Course Schedule:
Tax Doctrines – Ruth Tribou, EA, MST
Tax doctrines are things that are not in the Code or the Regulations, but are used frequently in tax practice, and given the right documentation, would likely help on audit. One that everyone probably does know is the Cohan Rule, which says that if a taxpayer cannot prove the amount of an expense, an estimate may be allowed in certain circumstances. There are at least 40 of these tax doctrines such as “Old and Cold Doctrine”, or the “Family Hostility Rule”. If you ever have to defend an audit with one of these issues, it’s good to have an understanding of how they work, and how they came to be accepted as authority so you can avoid preparer penalties.
Tax Research – Frank Degen, EA, USTCP, NTPI Fellow
It is imperative that Circular 230 practitioners understand what constitutes authority. This session will cover the content of Section 4.10.7 of the Internal Revenue Manual – Issue Resolution. This section, while relatively “unknown” to most practitioners, will be a source for understanding citations; an informative review of tax law research and the sources of authority.
Ethics – Lynne Shupp, EA, RFC
How COVID-19 Regulations interact with Circular 230 Ethics
And More…….including happy hour, a celebration of NMSEA’s 35th birthday, and an online Zoom auction!!