OSU offering income tax schools

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Hello northeast Ohio. Isn’t autumn a wonderful time? I really love this time of year. The cooler nights, the smells and sights of harvest, and the spectacular colors of the leaves all make northeast Ohio a great place to live.

OSU Extension is offering the OSU Income Tax Schools at eight locations across Ohio in November and December. These two-day schools are designed for individuals who have some experience preparing and filing federal and state tax returns for individuals and small businesses.

Instruction will focus on federal tax law changes and on issues tax preparers may encounter while preparing tax returns. Instructors will explain and interpret tax regulations and recent changes in tax laws.

Locations

The tax school locations are in Dayton, Columbus, Fremont, Kent, Ashland, Chillicothe, Lima and Zanesville. The first day program begins at 8:45 a.m. and adjourns at 5:35 p.m.; the second day resumes at 8:30 a.m. and concludes at 5 p.m.

The registration fee of $335 includes the 700-plus page National Income Tax Workbook (www.taxworkbook.com) prepared by the Land Grant University Tax Education Foundation, especially for the income tax schools held in Ohio and more than 27 other states for over 28,000 tax professionals.

The workbook includes a searchable CD containing the 2004-12 workbooks. The chapter’s which will be included in this year’s workbook include: New Legislation, Rulings and Cases, Individual Taxpayer Issues, Business Issues, Agricultural and Natural Resources Issues, Retirement, Business Entities, IRS Issues, Ethics, Tax Practice, Fiduciary Tax Issues, Gifts and Inheritances: Estate and Gift Taxes, Business Assets, and Loss Limitations.

Materials

The workbook is available only as a part of tax school registration. Participants will also receive the RIA 2013 Federal Tax Handbook (a $75 value). New this year, ethics material will be included in the all of the regular schools. This is a $60 added savings. Refreshments and lunches are provided at all locations.

Continuing education credit is available for accountants, enrolled agents, financial planners and attorneys. These schools will also fulfill the new return preparer’s office requirements for Registered Tax Return Preparers of 15 total credit hours consisting of two hours of ethics, three hours of federal tax law update and 10 hours of general federal tax law.

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Tax practitioners with an interest in farm income taxes will have an opportunity to attend a one day farm tax workshop, scheduled for Dec. 17 from 8:30 a.m. to 3 p.m. at ten locations across Ohio. This workshop will be taught by Phil Harris, professor of agricultural economics, University of Wisconsin, via tele-conference.

This program has been designed for tax practitioners who have a significant number of farm clients and therefore need a substantial amount of information on agricultural tax issues. Participants will hear an audiotape of a live lecture given by Harris, supplemented with a showing of the slide presentation Harris used during his lecture.

Conference calls

Harris will be available for questions during two conference calls during the day, and OSU faculty will be in the meeting rooms to answer questions. Registrants will receive a 203-page supplemental book.

The locations for the 2012 Agricultural Issues Workshops are: Caldwell, Chillicothe, Columbus, Greenville, Jefferson, Ottawa, Upper Sandusky, Urbana, Wapakoneta and Wooster, Ohio. The cost for this program is $125 per person and includes continuing education credits, lunch, refreshments and the agricultural tax manual.

Complete workshop information for the eight OSU Income Tax Schools and the ten Agricultural Issues workshops can all be found at http://incometaxschools.osu.edu. A downloadable registration form as well as on-line registration is available at this location.

About the Author

(David Marrison is an agricultural extension educator in Ashtabula County.) More Stories by David Marrison

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