- Credits: 16 IRS hours | CFP credits | 13.75 CLE hours
- Dates and Locations: Ten offerings October−January across Minnesota
- For: Tax practitioners working with individual and small business returns (including CPAs, enrolled agents, lawyers, insurance personnel, VITA volunteers)
Earn IRS-approved continuing education credit hours to renew your IRS certification in this two-day course.
- Stay on top of the latest tax legislation that affects tax returns for 2017 and future years
- Get the Minnesota Dept. of Revenue Individual Income Tax Manual and the 2017 National Income Tax Workbook and CD (with multiple years of tax workbooks in a searchable format)
- Earn 16 CPE credits
- 2 ethics hours
- 3 federal tax law update hours
- 11 federal tax law hours
- 1 hour of MNDOR Update (not reported to IRS)
Dates & Locations 2018
|Grand Rapids, Timberlake Lodge||Oct. 29–30|
|Brooklyn Park, Edinburgh USA||Oct. 30–31|
|Saint Cloud, River's Edge Civic Center||Oct. 31–Nov. 1|
|Detroit Lakes, Holiday Inn||Nov. 1−2|
|Rochester, Kahler Apache (Formerly Ramada Hotel & Events)||Nov. 5–6|
|Mankato, Mankato Country Inn & Suites||Nov. 6–7|
|Marshall, Ramada Inn||Nov. 7–8|
|Owatonna, Holiday Inn||
|South Metro, Eagan Community Center||Nov. 19–20|
|Saint Paul, University of Minnesota Continuing Education and Conference Center||Jan. 4−5, 2019|
Through this course, the tax practitioner will:
- understand the legislative changes to federal and state tax law and regulations
- review basic tax law and its application to selected situations
- be equipped to deal with individual taxpayer and business tax issues
- acquire skills to develop a tax research process
- be able to apply recent court rulings and cases in their practices
- appreciate the value of ethical behavior
New Legislation (late in 2016 and in 2017)
Summary of each provision
Effective dates when provisions expire
Rulings and Cases
Selected rulings and cases issued from September 2016 through August 2017, an update on issues that are being addressed by the IRS and the courts.
Agriculture and Natural Resource Issues – at outstate locations
Agricultural income and expenses
Buying and selling farmland
Equipment and land rentals
Demolition of structures
Business Entity Issues
The new partnership audit rules
Practical considerations in partnership reorganizations and liquidations
New developments for tax-exempt entities
Organization, taxation, and reporting for homeowners’ associations
Determining whether a loss is limited. Including at-risk and passive activity loss limitations, basic limitations for an S corporation shareholder and a partner in a partnership, and hobby loss and vacation home loss limitations.
Expensing real estate improvements
Start-up and organizational expenses
Electing out of Subchapter K
Tax on marijuana and hemp sales
The tax implications of an exchange, including basis adjustments and the recognition of gain or loss; and the requirements for a reverse or deferred exchange
Exchanging a vacation residence, timberland, easements, and long-term leases
Trusts and Estates – at metro locations
Basis consistency rules
Types of trusts
Ethics Part One
When client communications are confidential and/or privileged
Ethical obligations upon the sale or discontinuance of a tax practice
Nondisclosure rules when hiring independent contractors
Tax practitioner’s responsibilities when encountering fraud or other misdeeds
Ethics Part Two
Risks of a data security threat and how to mitigate those risks
Tax issues for individuals in the military
Charitable contribution deductions, valuation, and substantiation
New developments under the Affordable Care Act
Disaster tax relief
Taxes and the sharing economy (e.g., renting a spare bedroom or providing car rides or household chores)
Foreign Tax Issues
Reporting and tax requirements for US citizens living in foreign countries
The foreign earned income exclusion
Reporting, withholding, and tax requirements for nonresident aliens with US income
Offer in compromise
Collection statute of limitations and rules that stop the statute from running
Third party liability, such as transferee and nominee liability
The most prevalent identity theft and impersonation scams
E-Services online tools for tax professionals
The new IRS use of private debt collectors
How to use IRS audit techniques guides
Comparing different types of retirement plans
Distributions from retirement plans, including early distributions and required minimum distributions
The impact of income on social security benefits and Medicare premiums
Tax Rates and Useful Tables
Course instructors vary by location.
Karen Brehmer, Internal Revenue Service | Karen Brehmer is a stakeholder liaison with the Communications and Liaison Division of IRS. Karen began her IRS career in 1987 in the Taxpayer Assistance Center in Duluth, Minnesota, transferring to the Minneapolis Taxpayer Assistance Center shortly after that. She worked for 19 years as a revenue officer (tax collector) in the Twin Cities. In July 2009, she joined the Stakeholder Liaison division.
Alan Gregerson, Internal Revenue Service | Alan Gregerson is a senior stakeholder liaison specialist with the Communications and Liaison Division of IRS. He has held positions as a revenue agent in Examination, taxpayer service specialist answering technical calls at the nationwide call site, assisted the volunteer income tax assistance program with technical and electronic filing expertise, and currently is a senior stakeholder liaison specialist who works with business organizations and practitioners speaking and developing issues for outreach and resolutions of those issues. He has 31 years of IRS experience.
C. Robert (Rob) Holcomb, EA, extension educator, Ag Business Management | Rob Holcomb joined the University of Minnesota Extension as an educator in agricultural business management in October 2004. Rob works on the development and delivery of programs in the areas of farm business and risk management with emphasis on farm analysis and farm tax issues. Previously, Rob worked for Farm Bureau service companies in Iowa and Tennessee delivering income tax and analysis services to Farm Bureau members. He is a graduate of Iowa State University with a degree in agricultural education. Rob also holds an enrolled agent designation with the Internal Revenue Service and is currently working towards a master of education degree from the University of Minnesota−Duluth.
Ruth Ann Michnay, CPA, MBT, EA, USTCP principal of Ruth Ann Michnay PA | Ruth Ann Michnay is a certified public accountant with a practice in St. Paul, Minnesota, where she concentrates in tax representation, tax preparation—individual and small businesses, and accounting services/consulting. She served on the AICPA IRS Practice and Procedures Committee (2004−2007) and chairs the MN CPA Society Task Force on Registration of Tax Preparers. Ruth Ann has taught for the University of Minnesota Income Tax Course and is currently a community faculty member at Metropolitan State University and Inver Hills Community College. Ruth Ann is a member of the AICPA, MN CPA Society, NAEA, the MN Society of EAs, ASWA, and the Better Business Bureau.
Eric Nelson, CPA, MBT | Eric Nelson is a certified public accountant and sole proprietor of his own practice in Eden Prairie, Minnesota, where he specializes in account and tax consulting for small businesses and individuals. Prior to having his own practice, Eric worked for Best Buy, Inc. as a Tax Senior Analyst, where he was responsible for audit defense on several tax positions including depreciation and fixed asset issues, deferred income recognition, and interest capitalization. Eric is a Member of the Minnesota Society of CPAs, AICPA Tax Section and the Tax Executives Institute.
Clarice Westall, EA, H & R Block | Clarice Westall started her tax preparation career with H & R Block 38 years ago. In those 38 years, she has filled a variety of roles: tax preparer, office manager, instructor, lecturer, audit representative, editor, director of premium service, and a specialist in nonresident alien tax returns. International taxes is her specialty and one of her favorite topics. She has been an enrolled agent since 1981 and is a member of the NAEA, MATP, and NSTP.
Debra Yerys is an IRS-enrolled agent, an Accredited Retirement Adviser, and an experienced income tax preparation instructor. She is the owner of an income tax service and a Rutgers University graduate.
A limited number of exhibit tables are available at each location for rent by companies and individuals who provide goods and services to tax preparers.
Frequently Asked Questions
Why take a University of Minnesota tax course? Exceptional value and reputation!
- This course is the only statewide course developed and delivered in cooperation with the Internal Revenue Service and the Minnesota Department of Revenue.
- The U of M is an IRS-approved continuing education provider for ethics, federal tax, and federal tax law updated instruction (provider #XODXH).
- We have 75 years of experience providing income tax information and resources.
Can I register for the course on-site?
Yes, but seating is limited and we cannot guarantee there will be enough space or materials available if you do not preregister.
As an employee of the IRS of Minnesota Department of Revenue, may I attend these courses?
IRS and MDOR employees’ registrations must be approved centrally. No on-site registrations will be accepted without prior approval. Please contact firstname.lastname@example.org for additional information.
What is the course agenda?
7:00 a.m. Registration begins
7:40 a.m. Course begins
5:00 p.m. Course ends
7:40 a.m. Course begins
3:55 p.m. Course ends
What type of continuing education credit will I earn for attending University of Minnesota tax courses?
We have applied for the following continuing education credits for the Income Tax Course:
- Continuing Professional Education credits (CPE) - 17 hours including 2 ethics hours, 11 federal tax law hours, 3 federal tax law updates hours, and 1-hour MNDOR presentation. The MNDOR hour will not be reported to the IRS
- Certified Financial Planner (CFP) - 17 continuing education credits
- Continuing Legal Education (CLE) - 13.75 hours
Note: The University has not been preapproved as a provider for insurance or real estate credits. However, you may apply for credit through the Minnesota Department of Commerce, and approval may be granted.
The University’s tax course is exempt from having a NASBA "provider number." According to the MN Administrative Rules 3300 our courses are accepted for CPE credit by the Minnesota Board of Accountancy. Participants should list “University of Minnesota" in the area for the provider number on the application.
Will my Continuing Education credits be reported to the IRS?
If you are a CPA, enrolled agent, or tax return preparer with a PTIN and you would like to have your credits reported, you will need to provide your PTIN at the time of registration or when you are on site at the course. After completing the course, your name, PTIN, and the number of credits you received will be reported to the IRS. Note: Please ensure that you use the same name on your short course registration form as you used to obtain your PTIN or you will not receive credit from the IRS.
How will I receive my certificate?
Your certificate will be sent electronically via email, so please register with your correct email address to ensure that you receive your certificate after the course. If you would prefer to have your certificate mailed to you, please let one of the on-site staff know.
Changes & Cancellations
Need to change dates or locations? Email your request to email@example.com at least six days prior to the course.
Want to cancel your registration? Notify us at least five business days before the course start date to avoid a 10 percent processing fee. No refunds are given after the course starts. You may cancel by:
Still have questions? Give us a call! 612-624-4000.
Supplemental Course Materials from 2017-2018
View and print the PDF of instructor Ruth Ann Michnay's PowerPoint: Rulings and Cases