Do you like the idea of getting all the valuable Fall Tax School instruction from the comfort of your computer? New in 2017, we are also bringing all the valuable federal tax content from Fall Tax School to you via webinars!
For general information about these webinars, click here.
The University of Illinois Fall Tax School has been providing high quality continuing tax education for over 75 years. More than 5,000 tax professionals are updated annually on new tax laws and regulations.
This year, join us to find out:
How should you handle excess Social Security payments from multiple employers?
How do the three loss limitations work together to calculate how much loss is deductible?
Are you calculating imputed interest correctly on below-market loans?
What is the latest information on the refund of PTIN fees?
Could your social media posts be violating Circular 230?
How is the reporting for an installment sale between related parties different than nonrelated parties?
What tax issues arise from clients involved in crowd-funding activities or fantasy sports?
Are your small business clients appropriately using HRAs, FSAs, and HSAs?
Do you have moderate-wealth clients interested in practical estate planning?
What are the resent scams that tax preparers and their clients need to be aware?
Although we offer the Fall Tax School as a 2-day seminar, participants may register for one or both days, and may choose to attend each day at a separate location if that is more convenient.
2-Day Fall Tax School (Update & Ethics SeminarplusEntity & Advanced 1040 Issues Seminar) Fee: $359 for both days combined when purchased during the same transaction; this includes the seminar tuition, materials, morning and afternoon snacks, and beverages. Lunch is on your own.
Update & Ethics Seminar only (1 Day) Fee: $199 includes the seminar tuition, materials, morning and afternoon snacks, and beverages. Lunch is on your own.
Entity & Advanced 1040 Issues Seminar only (1 Day) Fee: $199 includes the seminar tuition, materials, morning and afternoon snacks, and beverages. Lunch is on your own.
Click on the map below to see the details about each session and location. Information about local lunch options will be available at each seminar location.
The University of Illinois Tax School is a sponsor of CPE for a variety of professional designations such as CPAs, EAs, CFPs®, attorneys, and insurance, etc. Agencies that typically recognize the University of Illinois Tax School as a sponsor of continuing education are:
Certified Financial Planner Board of Standards
Illinois Department of Insurance
Illinois Department of Professional Regulation
Internal Revenue Service
Iowa Supreme Court Commission on Continuing Legal Education
Missouri Bar Association
MCLE Board of the Supreme Court of Illinois
University of Illinois Tax School is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
The Tax School has been approved as an IRS Continuing Education Provider. Tax preparers should always look for IRS approved providers when fulfilling their continuing education requirements.
Participants are awarded credit based upon actual hours in attendance. Most accrediting groups recognize 1 hour of credit per 50 minutes of instruction. Some CLE groups recognize 1 hour of credit per 60 minutes of instruction.
Certificates of attendance are issued to participants after seminars conclude. In most cases, certificates are emailed after the conclusion of all seminars.
For EAs, Illinois Insurance professionals and CFPs®, the Tax School Office submits participant credit hours directly to the accrediting agencies.
An additional fee is required for processing CPE credits for IL insurance, CFP®, and IL MCLE.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.
Fall Tax School Instructors
What sets us apart from the competition is the breadth and depth of our 10 instructors' experience. In total, they serve thousands of clients and have over 300 years of combined experience comprising a wide variety of tax situations.
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.
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.
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.
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).
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.
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.
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.
Sue Voth has been affiliated with the Tax School as an instructor since 2002. Sue has been a national presenter for National Association of Tax Professionals (NATP) seminars and has served as an author and reviewer for the University of Illinois Federal Tax Workbook since 2002. Sue is an enrolled agent (EA) and owns a tax practice in Quincy, Illinois.
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.
2017 Workbook Topics
Chapters for these volumes are very early in the authoring process. The topics covered in each chapter heading are subject to change until September, 2017.
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
Employer responsibilities associated with foreign workers
Information reporting on consolidated statements
Covered and noncovered securities
Interest income from loans
Form 1099‐B, Schedule D, and Form 8949 issues
Put and call options
Sale of employer securities
Any significant tax legislation
Putting Ethics Into Practice
Ethical scenarios for existing clients
Clients with long-term business activities
Children attending college
Ethical scenarios for new clients
New client engagement
IRS audit representation
Amended tax returns
Ethical scenarios regarding client disclosure
Other ethics discussions
Digital communication of client data
Agricultural Issues & Rural Investments
IRS Audit Issues in Agriculture
C Corporation Penalty Taxes
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
Taxpayer identity theft & financial scams
IRS Tools and Resources
Access to IRS records under FOIA
Private debt collection
Disaster tax relief
Current IRS status
IRS data book statistics
IRS commissioner remarks at 2017 National Press Club
Rulings & Cases
Noteworthy rulings and cases from August 2016 through July 2017
Definition of installment sales
General rules for installment sales
Electing out of the installment method
Depreciation recapture and unrecaptured §1250 gain