Welcome

CPE seminar at Callaway Gardens

June 17-19, 2021

Our speaker

 

Chris Bird

Chris Bird has been in the financial business for over 30 years.   He started his career with a degree in Accounting and a minor in Business Administration.  He also holds the Certified Financial Planner designation (CFP).  Chris is enrolled to practice before the IRS. (EA)

Chris was a Senior IRS agent for 16 years. He began conducting courses after leaving the IRS and started his own company, Chris Bird Seminars, Inc.  Chris conducts over 150 seminars a year on income tax planning, financial planning, wealth building, residential rental property ownership, and tax strategies for the real estate and financial industries nationwide.

Chris was an adjunct instructor at the University of Illinois in tax law for 20 years.  He is an instructor for the Auburn University Tax Schools and he teaches in the Midwest under the name of TaxSeminars.com.  Chris has a unique way of making a tough subject (taxes and investments) entertaining and enlightening at the same time.

Welcome to the Georgia Association of Accountants and Tax Professionals!!

The Georgia Association of Accountants and Tax Professionals founded in 1958, is a professional accounting organization dedicated to promoting excellence in the practice of accounting and taxation in Georgia.

Affiliated with the National Society of Accountants, GAATP is open both to licensed and unlicensed accountants and works with the State Board of Accountancy, the Legislature, and other professional societies to promote and protect the practice rights of Georgia accountants and tax professionals.

 

 

AGENDA

Wednesday

2:00 – 5:00 p.m.      GAATP Board Meeting

Thursday
12:00 – 1:00 p.m. Registration
1:00- 2:40 p.m. Highlights of QBID
Program Level: Basic to Advanced Program Prerequisites: None
Advance Preparation: None Delivery Method: Group-Live
CPE Hours: 2.0 NASBA/ 2.0 IRS -Approved credit hrs.
Learning Objective: Attendees will be able to identify the problem area of this last tax season including the impact of the
government shutdown, delayed service issues, late IRS forms and regulation issues.
The Qualified Business Income Deduction is perhaps one of the most interesting issues that has come along in over 30
years. We now have 2 tax seasons working with this new deduction under our belts for the seminar coverage will focus
on the tax planning side with specific coverage of the aggregation rules, the De Minimis Rules, and different strategies
relating to reducing the client’s income below the thresholds so the wage and capital limitations to do not come into
play. The pros and cons of the IRS Rental Safe Harbor will also be covered.
2:40 – 3:00 p.m. Break
3:00 – 3:50 p.m. Current IRS Priorities
Program Level: Basic to Advance Program Prerequisites: None
Advance Preparation: None Delivery Method: Group-Live
CPE Hours: 1.0 NASBA/ 1.0 IRS -Approved credit hrs.
Learning Objective: Attendees will be able to identify and explain the impact of the major changes on individual, partnership, and
entity tax returns convening the impact of the TCJA
The 2020 IRS Instructions relating to the preparation of the revised K-1 CAUGHT MANY PRACTITIONERS OFF
GUARD. In the section, we will review which clients have to be concerned about these changes, and what the
practitioner needs to do to properly complete the K-1. In addition, we will review S Corporation Stock & debt basis
issues. We will analyze the precarious situations many of our shareholders find themselves in with limited stock basis,
PPP deductibility, & PPP forgiveness issues.
3:50- 5:30 p.m. Making Sense of the IRS Partnership K-1 Changes & S Corporation
Stock Issues
Program Level: Intermediate Program Prerequisites: None
Advance Preparation: None Delivery Method: Group-Live
CPE Hours: 2.0 NASBA/ 2.0 IRS -Approved credit hrs.
Learning Objective: Attendees will be able to identify and explain as well as the impact of the major changes on individual,
partnership and entity tax returns convening the impact of the TCJA
Evening – on your own

Friday
7:00-8:00 a.m. Continental Breakfast
8:00- 9:40 a.m. PPP1 & PPP 2 & EIDL Issues
Program Level: Intermediate to Advanced Program Prerequisites: None
Advance Preparation: None Delivery Method: Group-Live
CPE Hours: 2.0 NASBA/ 2.0 IRS -Approved credit hrs.
Learning Objective: Attendees will be able to determine how those 3 things impact our client’s tax liabilities.
These 3 sources of Government assistance as a result of the Pandemic have an impact on deductions and tax returns of
the recipient clients.
For most of 2020 we were told that the expenses paid from the PPP loans were not deductible but we now know that
this was changed retroactively in December 2020. This session will cover the first draw PPP Program and the 2nd
Draw PPP Program and the changes to the EIDL grants as they affect PPP forgiveness.
9:40- 10:00 a.m. Break
10:00- 11:40 a.m. Latest Tax-Law Changes, IRS Rulings and Court Cases
Program Level: Intermediate to Advanced Program Prerequisites: None
Advance Preparation: None Delivery Method: Group-Live
CPE Hours: 2.0 NASBA/ 2.0 IRS -Approved credit hrs.
Learning Objective: Attendees will be able to calculate the deduction and demonstrate how to maximize IRC 199A, taking into
account the fixed regulations and IRS notice 2019-07 dated 1/18/19.
This section will include an IRS bucket list of their 2021 priorities including hiring and training projections, audit
emphasis, and budgetary issues. The Taxpayer Advocates annual report will also be part of this discussion.
11:40- 11:50a.m. Short Break
11:50- 12:40 p.m. Current IRS Priorities
Program Level: Basic to Intermediate Program Prerequisites: None
Advance Preparation: None Delivery Method: Group-Live
CPE Hours: 1.0 hour
Learning Objective: Attendees will be able to identify these significant rulings and cases since 1-1-19
The most recent tax law changes occurred in December, 2019 and included many, many, tax extenders, many of which
were retroactive to 2019. These items and significant rulings and cases that have been released in 2020/2021 will be
included.
12:45- 1:45p.m. Lunch – Provided
1:45- 3:00 p.m. Annual Meeting
Officer Installation
3:00- 3:10 p.m. Break
3:10 – 4:00 p.m. Ask the Birdman
Program Level: Basic to Advanced Program Prerequisites: None
Advance Preparation: None Delivery Method: Group-Live
CPE Hours: 1.0 NASBA/ 1.0 IRS -Approved credit hrs.
Learning Objective: At the conclusion of the class, the attendee will have a good exposure to a number of tax issues that tax
professionals find confusing or cannot find the answer.
Participants with questions about tax, tax practice or IRS – submit questions and Chris will respond with answers to
your most perplexing questions.
Evening on Your Own
Saturday
7:00-8:00 a.m. Continental Breakfast
8:00- 9:40 a.m. What you need to know about virtual currency
Program Level: Intermediate Program Prerequisites: None
Advance Preparation: None Delivery Method: Group-Live
CPE Hours: 2.0 NASBA/ 2.0 IRS -Approved credit hrs.
Learning Objective: Attendees will be able to identify the types of properties qualifying for such of these deductions and will be able
to demonstrate how best to utilize the deductions.
In this section, we will cover the tax consequences of purchasing, selling, and or exchanging virtual currency. The
original IRS ruling in 2014 will be discussed as well as the IRS updates through the date of the seminar. Calculating
gain or loss and various web sites that will assist both the client and the preparer in these calculations will be covered in
detail.
9:40- 10:00 a.m. Break
10:00- 11:40 a.m. Ethics –
Program Level: Beginner Program Prerequisites: None
Advance Preparation: None Delivery Method: Group-Live
CPE Hours: 2.0 NASBA/ 2.0 IRS -Approved credit hrs.
Learning Objective: At the conclusion of the SESSION, the attendees will be able to identify, question, and resolve the issue of who
provides more than 50% of the cost of the home for the year. In addition, the attendees will be able to identify and explain the four
Best Practices Required of tax professionals. Attendees will be able to identify and use questions to probe clients about unreported income.
A thorough review of the revised form 8867 and its application to the Head of Household Status. In addition, a review of the interview questions that all tax practitioners should be asking their clients with respect to unreported income. A
review of the 4 best practices that tax practitioners should be using.

 

 

Things to Do in Callaway Gardens

  • Callaway Discovery Center
  • Ida Cason Calloway Memorial Chapel
  • Pioneer Log Cabin
  • Tennis
  • Golf (reservations recommended)
  • Day Butterfly Center
  • Bird of Prey
  • Treetop Adventure & Zip Lines (reservations recommended)
  • Bicycling & Nature Trail
  • Shopping in Pine Mountain
  • Hiking trails on Pine Mountain
  • Visit Roosevelt’s Little White House
  • Boating
  • Robin’s Lake Beach
  • Water Skiing, Wakeboarding and Tubing (reservations recommended)
  • Meet with other attendees

The Lodge and Spa at Callaway Resort & Gardens

4504 Southern Pine Dr,  Pine Mountain, GA 31822      855-576-8431

The Lodge and Spa at Callaway Gardens is nestled in the Sprawling Callaway Gardens of Pine Mountain and offer a swanky retreat away from the city bustle. All its spacious and well-furnished living spaces feature private verandas that profile picture views of the neighboring gardens and groves. The hotels exotic prunifolia spa is an idyllic retreat, providing an array of therapeutic treatments, steam bath and relaxing massages.  Stone-built fireplaces and an outdoor pool complete a truly rejuvenating experience at the Lodge and Spa.   

ROOM RATES
Lodge and Spa Standard Rooms $169.00 + taxMountain Creek Inn $109.00 + taxAsk for the GAATP Room RateReservations: 1-844-512-3826
  • Swimming Pool
  • In Room Coffee
  • In-Room Refrigerator
  • Wifi Access
  • Fitness Center
  • Restaurant – On Site
  • Spa

Please call (770) 258-7480 for info on the event or email us at: services@gaatp.org

 

GAATP Complaint Resolution Policy

Any and all complaints are handled on a case by case basis utilizing the resources of our Ethics and Grievance Committee.  The complaint must be received in writing and signed by the complainant.  All information and the exam process are held confidential.  The findings and disposition shall be submitted to and must be approved by the Board of Governors.  It is the effort of the Ethics and Grievance Committee to be fair and impartial basing its deliberations and/or findings on merits of the individual complaint.

IRS Approved Continuing Education is only mandatory for enrolled agents (EAs) and enrolled retirement plan agents (ERPAs).  Participation in Continuing Education by all other federal tax return preparers is now voluntary.

GAATP Refund Policy

All requests for refund of seminar registration fees must be made in writing and are subject to a $75.00 service charge.  If seminar registration fee is less than $75, service charge will be equal to half the registration fee.  Requests made prior to fourteen (14) days of the event will be fully refunded less the service charge.  Fourteen (14) days through forty-eight (48) hours of the event will receive half the registration fee subject to the charge.  There will be no refund for failure to show (“No Shows.”)

Georgia Association of Accountants and Tax Professionals (GAATP) 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.learningmarket.org.