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2017 Fall Tax School

The Fall Tax School is a 2-day live seminar offered annually. This seminar updates tax professionals on relevant tax legislation, new IRS rulings and cases, provides regulatory ethics CPE, and also includes topics dealing with troublesome areas of tax law or areas that arise infrequently enough that a refresher is helpful.

Fall Tax School presentations are also offered via 1-3 hour live webinars in December and January each year.

2017 Fall Tax School Dates, Locations, and Instructor Teams

Mark your calendars for fall 2017. Although registration for the 2017 Fall Tax School does not open until July, we want you to mark your calendar for the dates and location that you want to attend. Many locations fill to capacity and close. If you want to attend a seminar on specific dates and at a specific location, it is best to register in July or August.

Dates Location Ag Issues Taught Instructor Team
October
Oct. 26 & 27
(Thu. & Fri.)
Wheeling NEW CITY NORTHERN TEAM TEACHING
Palatine   SOUTHERN TEAM TEACHING
Oct. 31 & Nov. 1
(Tue. & Wed.)
Crystal Lake NORTHERN TEAM TEACHING
Kankakee CENTRAL TEAM TEACHING
Mt. Vernon SOUTHERN TEAM TEACHING
November
Nov. 2 & 3
(Thu. & Fri.)
Freeport NORTHERN TEAM TEACHING
Palos Hills   CENTRAL TEAM TEACHING
Carbondale SOUTHERN TEAM TEACHING
Nov. 7 & 8
(Tue. & Wed.)
Champaign NEW FACILITY NORTHERN TEAM TEACHING
Macomb CENTRAL TEAM TEACHING
Skokie   SOUTHERN TEAM TEACHING
Nov. 9 & 10
(Thu. & Fri.)
Quincy CENTRAL TEAM TEACHING
Lisle   SOUTHERN TEAM TEACHING
Nov. 14 & 15
(Tue. & Wed.)
LaSalle NORTHERN TEAM TEACHING
Moline CENTRAL TEAM TEACHING
Collinsville SOUTHERN TEAM TEACHING
Nov. 16 & 17
(Thu. & Fri.)
Chicago   NORTHERN TEAM TEACHING
Galesburg CENTRAL TEAM TEACHING
Nov. 28 & 29
(Tue. & Wed.)
Rockford NORTHERN TEAM TEACHING
East Peoria CENTRAL TEAM TEACHING
DeKalb SOUTHERN TEAM TEACHING
Nov. 30 & Dec. 1
(Thu. & Fri.)
St. Charles   NORTHERN TEAM TEACHING
Bloomington NEW FACILITY CENTRAL TEAM TEACHING
Northbrook   SOUTHERN TEAM TEACHING
December
Dec. 5 & 6
(Tue. & Wed.)
Tinley Park NORTHERN TEAM TEACHING
Springfield NEW FACILITY CENTRAL TEAM TEACHING
Effingham SOUTHERN TEAM TEACHING

Fall Tax School Instructors

Northern Instructor Team

Debbie Held Debbie Held has been an instructor with the Tax School since 2000. She has also served as a chapter author and reviewer for the University of Illinois Federal Tax Workbook. She is a graduate of Sangamon State University (University of Illinois at Springfield). She has been employed by the IRS since 1979, spending time as a revenue agent, appeals officer and most recently as a project manager for the SBSE Communications, Liaison, and Disclosure Division. She previously taught various accounting courses at Lincoln Land Community College for 18 years. She is a certified public accountant (CPA) and resides in Raymond, Illinois where her family farms.

Tom O'Saben Tom O'Saben has been an instructor for the Tax School since 2009. During that time, he has also been a presenter with the National Association of Tax Professionals, where he served as a Training Specialist developing curriculum, writing textbooks, and instructing at educational seminars. Tom's practice, established in 1991, provides tax services for approximately 1,000 clients. Tom earned his bachelor's degree from Southern Illinois University Edwardsville. He is an enrolled agent (EA).

Catherine Riddick Catherine Riddick has been associated with the Tax School since 2008 as an instructor and as an author and reviewer for the University of Illinois Federal Tax Workbook. She is a CPA and licensed attorney with nearly 25 years of experience in tax planning and preparation. She worked for one of the large CPA firms in the Chicago area for 10 years and has had her own CPA firm in LaGrange, Illinois for the past 15 years. Catherine received a bachelor's degree from Old Dominion University in Norfolk, Virginia and a law degree from Washington and Lee University in Lexington, Virginia.

Central Instructor Team

Jerry Brune Jerry Brune has been an instructor for the Tax School and has served as an author and reviewer for the annual University of Illinois Federal Tax Workbook since 1999. Jerry was employed as a revenue agent with the IRS for 31 years before retiring. Jerry has taught accounting and business taxation courses at Illinois Central College and the University of Illinois at Springfield, respectively. Jerry is an EA and CPA, and he currently practices in Bolingbrook. His alma mater is St. Joseph's College in Rensselaer, Indiana.

Bob Rhea Bob Rhea has been associated with the Tax School since 2005 as an instructor and as a reviewer for the University of Illinois Federal Tax Workbook. Since 1984, he has assisted farmers with accounting, tax, and consulting services in west-central Illinois through the University of Illinois FBFM program. Bob is the national executive director for his professional organization, NAFBAS, and previously was that group's national president. Bob received his bachelor's degree from Western IL University and Master's degree from the University of Illinois. Bob is an enrolled agent (EA) and he lives in Camp Point with his wife, Debbie, sons Tracy and Casey, and daughter Ashley.

Rich Walden Rich Walden has served as chapter author and reviewer for the University of Illinois Federal Tax Workbook, and has been an instructor with the Fall Tax School since 1982. A graduate of Blackburn College, Rich was employed by the IRS as a revenue agent for 6.5 years. He is a certified public accountant (CPA) with a private practice in Carlinville, Illinois, and serves in various board member roles for several banks, a software company, and a community hospital.

Southern Instructor Team

Ted Knapp Ted Knapp has been affiliated with the Tax School since 1990 as an instructor and has also served as a reviewer for the University of Illinois Federal Tax Workbook. He recently retired from the IRS after 35 years. He worked as a revenue agent in both the SBSE Division and the Federal, State, and local Government Examination Division. Ted is an EA and he currently works for a CPA firm in Mt. Vernon, Illinois. He is a graduate of Illinois College. In his spare time, he is a sports official for basketball, football, and softball.

Sam Phillips Sam Phillips is a native of southern Illinois and a graduate of Southern Illinois University in Carbondale. Sam has been affiliated with the Tax School as an instructor and reviewer for the University of Illinois Federal Tax Workbook since 2007. He is a CPA and has been in public accounting since 1988. Sam worked for two CPA firms in Southern Illinois and now owns his practice with locations in Salem and Breese. His special interests are in the areas of small business and agricultural taxation. Sam is married and resides in Salem, Illinois.

Sue Voth Sue Voth has been affiliated with the University of Illinois Tax School as an instructor since 2002. Sue also presents seminars nationally for National Association of Tax Professionals (NATP) and Premier Tax Seminars, Inc. She has served as an author and reviewer for the University of Illinois Federal Tax Workbook since 2002. Sue is an enrolled agent (EA) and has her own tax practice in Quincy, IL. She has been in tax practice for approximately 30 years.

2017 Webinar Option

Some tax professionals prefer not to leave their office to obtain their annual CPE and these webinars provide for that convenience.

In December 2017 and January 2018, all topics taught at Fall Tax School are offered as live webinars. Each webinar awards between 1-3 hours of CPE depending upon topic. If all webinars are attended, the total CPE awarded will be 17 credits. The webinars qualify for IRS credit, MCLE credit, CFP credit, and NASBA credit. Illinois insurance credit is not offered for these webinars.

Registration for Fall Tax School webinars opens in mid-September after we finalize the Fall Tax School daily agendas.

2017 Federal Tax Workbook Topics

Chapters for these volumes are very early in the authoring process. These lists are tentative and content is subject to change.

Volume A

  • Employment Issues
    • Employee or independent contractor
    • Section 530 relief
    • Excess social security tax payments
    • Receipt of property as compensation
    • Legal expenses in connection with employment
    • Legal awards & settlements
    • Taxation of fringe benefits
    • Statutory employees and nonemployees
    • Household workers
    • Employer responsibilities associated with foreign workers
  • Partners
    • Purchase—investment interest deduction
    • Inherited
    • Transfer property
    • Changes to capital accounts (pass-through income)
    • Pass-through deductions
    • Negative capital accounts
    • Exit alternatives
  • Investment Income
    • Information reporting on consolidated statements
    • Interest income from loans
    • Form 1099-DIV
    • Form 1099-B, Schedule D, and Form 8949 issues
    • Put and call options
    • Short sales
    • Sale of employer securities
  • New Developments
    • Any significant tax legislation
  • Putting Ethics Into Practice
    • Ethical scenarios for existing clients
      • Clients with long-term business activities
      • Children attending college
      • Divorced spouses
    • Ethical scenarios for new clients
      • New client engagement
      • IRS audit representation
      • Amended tax returns
      • Business acquisition
    • Ethical scenarios regarding client disclosure
      • Social media
      • Public setting
  • Agricultural Issues & Rural Investments
    • IRS Audit Issues in Agriculture
    • C Corporation Penalty Taxes
    • Meals and Lodging Provided to Employees
    • Cash Method of Accounting for Farmers
    • Indirect Costs of Production
    • Depreciation Strategies in Agriculture
    • Tax-Related Loss Issues in Agriculture
    • Schedule J to Manage Farm Income
    • Issues Associated With Financial Distress
  • IRS Update
    • Taxpayer identity theft & financial scams
    • E-services online tools
    • Private debt collection
    • Current status of the IRS

Volume B

  • Installment Sales
    • Definition of installment sales
    • General rules for installment sales
    • Payments received
    • Depreciation recapture and unrecaptured §1250 gain
    • Sales to related persons and later dispositions
    • Like-kind exchange
    • Single sale of several assets
    • Sale of a business
    • Disposition of an installment obligation
    • Repossession
    • Unstated interest and original issue discount
    • Interest on deferred tax
  • Partnerships
    • General Basis Rule
    • Allocations
    • Distributions, Dispositions, and Terminations
  • Individual Taxpayer Issues
    • Self-directed IRAs
    • Crowdfunding and the sharing economy
    • Daily fantasy sports
  • Small Business Issues
    • Small business definition
    • Self-employment tax issues
    • Small business deductions
    • Dispositions
    • Small business stock
    • Accounting method change vs. error
    • Treatment of health insurance premium refunds
  • Rulings & Cases
    • Noteworthy rulings and cases from August 2016 through July 2017
  • Beneficiaries & Estates
    • Selection of year
    • Alternate valuation
    • IRD
    • Sale of decedent's residence
    • Executor fees
    • How to value asset
    • Passive activities
    • SE tax when beneficiary runs business
    • Partnership interest-discount (fractional)
    • When does an estate need to exist

Last updated 4/13/2017 9:26:40 AM

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