MISSOURI ASSOCIATION OF TAX PRACTITIONERS
59th ANNUAL FALL TAX CONFERENCE
Courtyard Marriott - Columbia, MO
November 15-16, 2012
Two Days $ 350.00
One Day $ 200.00
MATP Members: 2 MATP Bucks can be used if registering for one or both days. Fee includes conference participation, notebook of outlines, Thursday and Friday luncheons, continental breakfasts, and beverages at breaks. Lunch for non-registrants will be available upon request for an additional fee.
Courtyard Marriott - Columbia, 3301 LeMone Industrial Blvd, Columbia, MO 65201
If you haven’t already made room reservations with the hotel, you need to call Susan Cunningham direct at 573-443-8114 and tell her you are with MATP.
Please call 913-660-0006 or email firstname.lastname@example.org by Monday, November 12, 2012 to say you are attending, or fax the registration form below to 913-220-2923, so we can have an accurate count for seating, seminar materials and food. Complete the form below and bring it and your check to the conference. No shows will be billed a fee of $50.00.
The Missouri Assocation of Tax Practitioners (MATP) will be holding its annual Spring Tax Conference on Thursday and Friday, May 17-18, 2012. The conference will include 8 hours of CPE (4 Hours Thursday afternoon and 4 hours Friday morning). The cost of attending both days is a total of $250, and the cost for attending one day is $150. MATP Bucks can be used by members for a $25 or $50 discount.
Speakers and the agenda will be announced in a later posting.
Please email Dennis Petett at MATP.email@example.com or call 913-660-0006 for information or to register.
IR-2011-96, Sept. 21, 2011
WASHINGTON — The Internal Revenue Service today provided additional clarification for tax return preparers about when to renew their preparer tax identification numbers (PTINs), how suitability testing will be conducted, and
when the continuing education requirement will begin.
The IRS today released Notice 2011-80, which provides that PTINs must now be renewed on a calendar year basis. All PTIN holders must renew their numbers using the online PTIN application or paper Form W-12 and pay the required fee ($64.25 for 2012) after Oct. 15 and before Jan. 1 annually.
The return preparer initiative requires anyone who is paid to prepare all or substantially all of any federal tax return or claim for refund to register with the IRS and obtain a PTIN. Certain preparers also must pass a competency examination, undergo a suitability check and complete continuing education courses annually. The IRS will designate individuals who meet these requirements as a Registered Tax Return Preparer.
Individuals designated as a Registered Tax Return Preparer will be authorized to prepare federal tax returns and claims for refunds and to represent their clients during an IRS examination of a tax return or claim for refund that the individual signed as the paid tax return preparer.
The notice also clarifies a number of other issues.
The IRS has been issuing provisional PTINs to individuals who are not attorneys, certified public accountants, or enrolled agents to enable them to prepare tax returns prior to meeting competency testing and suitability requirements because the programs have not begun. The IRS will continue issuing provisional PTINs at least through April 18, 2012. Once the IRS stops issuing provisional PTINs, tax return preparers who are required to complete the competency test or suitability requirements must complete these requirements successfully prior to obtaining a PTIN.
The notice also provides that the 15-hour continuing education requirement for certain tax return preparers will take effect starting in 2012. Registered Tax Return Preparers and individuals required to pass the Registered Tax Return Preparer competency examination before Dec. 31, 2013, must complete the 15-hour requirement prior to renewing their PTINs for 2013 and subsequent years.
The notice also explains that certain tax return preparers who must pass a suitability check will have to provide their fingerprints so that a Federal Bureau of Investigation database search can be conducted. Generally, the fingerprint requirement will affect those preparers who currently have provisional PTINs.
Under the current proposed regulations any participant in the PTIN, acceptance agent, or authorized e-file provider programs who resides and is employed outside of the United States will not have to be fingerprinted to participate in these programs. Such persons, however, must comply with all other elements of the suitability check. In addition, the Treasury Department and the IRS continue to study what additional requirements should apply to such persons. Any additional requirements would be set forth in future guidance.
Attorneys, certified public accountants, enrolled agents, enrolled retirement plan agent and enrolled actuaries also are expected to be exempt from the fingerprinting requirement at this time. However, these individuals also must answer all the suitability questions asked on the PTIN application, such as whether they have been convicted of a felony in the previous 10 years.
Individuals participating in the PTIN, acceptance agent, or authorized e-file provider programs also are required to meet any other requirements of the programs in which they are participating. The IRS is working with third-party vendors who will collect and process the fingerprints.
Proposed Regulations Related to User Fees
The IRS also published proposed regulations today (REG-116284-11) that would establish user fees for fingerprinting and taking the competency examination. As proposed, the IRS portion of the fingerprinting fee would be $33, and the IRS portion of the testing fee would be $27. These user fees are in addition to any fees charged by the third-party vendors administering the programs. The fees to be charged by third-party vendors are not being announced at this time, but the total fees, including the IRS user fees, are expected to be between $60 and $90 for fingerprinting and $100 and $125 for testing.
For more information, visit www.IRS.gov/ptin.
The 2011 annual fall tax conference will take place on November 10 and 11 at the Courtyard Marriott in Columbia Missouri. Please come join us for two days of excellent presentations by area professionals and representatives from the Internal Revenue Service and Missouri Department of Revenue.
This conference allows for a lot of networking with other accounting and tax professionals and continental breakfast as well as lunch are provided. The fee is $300 for the conference and the special room rate is $91/night if reservations are made by Friday, Oct 21. The registration form will be posted in the coming weeks, so check back on this website. Feel free to contract Dennis Pettet with any questions at 1-913-660-0006.
Day one of the 2010 Fall Tax Conference was a great success.
To start the day Beverly Gossage of HSA Benefit Consulting discussed the benefits of individuals and businesses using HSA plans. She pointed out that besides saving money over traditional health insurance policies, the public can greatly limit financial exposure in the case of extreme sickness. Next, Joe Marcbein, as always, did an excellent job outlining the latest federal tax legislation passed as well as outstanding tax issues not yet addressed in Washington. Pamela Zschoche, CFP followed up with a discussion of Identity Theft Protection for Businesses. She provided some great tips to protect your client and firm information. After lunch Harla J Kwiatec of Rubin Brown outlined some of the complex issues surrounding state tax Nexus. It's a sometimes overlooked topic that tax preparers should address with clients with out-of-state sales. And, finally Joe Giljum closed the day with an excellent review of significant cases and rulings of the past year.
Dennis Pettet has put together a great conference once again held at the Marriott Courtyard in Columbia. The rooms are very clean and comfortable and the food here is amazing. We followed up Day #1 with the usual happy hour gathering before dinner. It gave many of the tax preparers a chance to catch up and compare notes among practices.
Day #2 starts at 8am Friday. If you didn't have a chance to register for this year's tax conference be sure to get on our mailing list by contacting Dennis so you can receive reminders for future seminars.