NMSEA Annual Convention

Date: October 1 – 3, 2019
Speakers: Kathryn Morgan, EA and Larry Zimbler, MST. EA
Cost: Click on the link below to pay online:

Venue: Indian Pueblo Cultural Center
2401 12th Street NW
Albuquerque, New Mexico

NMSEA Convention Course Schedule:

Click on the link below to download a pdf file of the NMSEA Course Schedule:

NMSEA Convention Schedule

Tuesday, October 1, 2019:

5:00 pm – 6:00 pm:  Early Registration
6:00 pm – 8:00 pm:  Ethics by Kathryn Morgan

Wednesday, October 2, 2019:

8:00 am – 8:30 am:  Registration and Announcements
8:30 am – 10:10 am:  Qualified Business Income Deduction (QBID) by Kathryn Morgan
In depth dive into the new QBI tax law, detailed calculations and case studies.  How this deduction will impact the taxpayer in the 2nd year of Tax Cuts and Jobs Act (TCJA).

10:10 am – 10:30 am:  Break
10:30 am – 12:10 pm:  Cancellation Of Debt/Foreclosures by Kathryn Morgan
How cancellation of debt and net operating losses play into tax returns, basis, and other tax issues.

12:10 pm – 1:30 pm:  Lunch (included in the fee) with a presentation by Jean Nelson

1:30 pm – 3:10 pm:  Bankruptcy by Larry Zimbler
If your client is contemplating filing bankruptcy, you may need some knowledge to help him.  This class will explain the different types of bankruptcy and what debts might be discharged.

3:10 pm – 3:30 pm:  Break
3:30 pm – 5:10 pm:  Sales Tax by Larry Zimbler
In the wake of the US Supreme Court’s decision in South Dakota v. Wayfair, states may now require remote sellers with no physical presence in a state to collect sales tax on sales of taxable products and services delivered to customers in that state.  This class will inform tax professionals of this changing landscape, and provide them with the means to address these emerging potential obligations to remote sellers.

Thursday, October 3, 2019:

8:00 am – 8: 30 am:  Registration and Announcements
8:30 am – 10:10 am:  Foreign Earned Income Exclusion by Larry Zimbler
Form 2555…..when was the last time you had a refresher course about this wonderful tax strategy?

10:10 am – 10:30 am:  Break
10:30 am – 12:10pm:  IRC 754 by Larry Zimbler
A discussion of Section 754, and when a partnership may elect to adjust the basis of partnership property when property is distributed or when a partnership interest is transferred.  The purpose of a Section 754 election is to reconcile a new partner’s outside and inside basis in the partnership.

12:10 pm – 1:30 pm:  Lunch (included in the fee) and a fund raising auction

1:30 pm – 3:10 pm:  Life Of An Asset by Kathryn Morgan
Take a piece of property and put it into service in several places.  Putting items into and out of service, doing conversions, showing gain, and how it is taxed.

3:10 pm – 3:30 pm:  Break
3:30 pm – 5:10 pm:  Living Off The Grid by Kathryn Morgan
The serial non-filer, why they do it, why they want to get it right with the IRS, and how to help them.

5:10 pm:  Convention Wrap-Up and Evaluations

Stay for the weekend after the NMSEA annual convention and see hundred of hot air balloon go up around Albuquerque.  For more information click on the link below.

For more information what is happening in Albuquerque click on the link below.