Clemson Partnership2018-11-19T09:11:57+00:00

Our Sponsors

The Fifty-Seventh Annual Clemson University Income Tax Course

Welcome to the 57th Annual Small Business and Farm Income Tax Course conducted by the Clemson University Cooperative Extension Service. In 2018, seven two-day tax courses will be offered at various locations with the South Carolina. The first offering two-day offering is October 29 – 30 in Myrtle Beach and the last offering is scheduled for December 10 and 11 in North Charleston. The complete listing of all seven dates and locations is listed below (to view all course dates you may have to scroll down the page).

Detailed information regarding the course program is contained in the web links in the shaded gray box on the upper left hand side of your monitor. The course will feature federal and state income tax topics of current interest to tax practitioners and will include two hours of approved State and Federal Ethics training.

A Taxpayer Advocate Service Representative from the IRS will be available on the second day of each workshop to hear specific case problems. (For many, this feature alone can offset the cost of the workshop.) A South Carolina Department of Revenue representative will be available at the Columbia location on day two.

SCACPA members may use their CPE Bank to register for one of seven in-person courses (bookmark). Seats are limited.  SCACPA will livestream (bookmark) the Tax courses on October 29-30 and Dec. 3-4.  Members can register for one day or two days of livestream on any date of their choosing (Example: Day 1 of the October 29-30 course and/or Day 2 of the Dec. 3-4 course). The livestreams are members only events.

Instructors are Ronny Burkett, CPA, Mark J. Hendrix, CPA, and Daniel L. Crowson, CPA, from Burkett, Burkett & Burkett Certified Public Accountants PA as well as Keith J. Wicker, CPM from the South Carolina Department of Revenue, and Tom Sheaffer, former Stakeholder Liaison from the U.S. Internal Revenue Service.

Credits

16 hours Tax Credit
2   hours Ethics

Registration 

Due to limited space and advanced purchase of course materials, ADVANCE REGISTRATION IS A MUST.  Please register online as soon as possible so that plans can be made for the luncheons and adequate space can be assured for all who desire to attend.  Late registrants may not be accepted at some locations.

Materials

Publications Included with In-Person Registration:

  • 2018 Income Tax Workbook and CD
  • RIA Federal Tax Handbook
  • South Carolina Department of Revenue Tax Manual

The retail value of this material is
more than $190.

General Information

The Fifty-Seventh Annual Clemson University Income Tax Course is a two day-long course that will be offered individually in Myrtle Beach, Florence, Spartanburg, North Charleston, Columbia, Anderson, and North Charleston, during late October, November and December 2018.

The course will feature federal and state income tax topics of current interest to tax practitioners. Instructors are Ronny Burkett, CPA, Mark J. Hendrix, CPA, and Daniel L. Crowson, CPA, from Burkett, Burkett & Burkett Certified Public Accountants PA as well as Keith J. Wicker, CPM from the South Carolina Department of Revenue, and Veronica Tubman from the U.S. Internal Revenue Service.

Registration

Due to limited space and advanced purchase of course materials, ADVANCE REGISTRATION IS A MUST. Please register online as soon as possible so that plans can be made for the luncheons and adequate space can be assured for all who desire to attend. Late registrants may not be accepted at some locations.

Registration will open in late July. Please return to the website to select the Tax School of your choice.

Cost
$350 for those registering online.
$370 for those registering by mail.
$380 for walk-ins if space is available.

The fee covers the cost of two-day intensive instruction, publications, two luncheons, refreshments during breaks and meeting facilities.

Publications Included With This Program:

  • 2018 Income Tax Workbook and CD
  • RIA Federal Tax Handbook
  • South Carolina Department of Revenue Tax Manual

(Above materials included in the registration fee.) The retail value of this material is more than $190.

Taxpayer Advocate Service Representatives from the IRS will be available on the second day of each workshop to hear specific case problems. (For many of you, this feature alone can offset the cost of the workshop.) The SC DOR Taxpayer Advocate will only be at the Columbia location.

Meals, Refreshments and Facilities

A noon meal is included on both days of the workshop. Refreshments are provided during breaks. Most facilities have problems maintaining a uniform temperature. For your comfort, we suggest you DRESS IN LAYERS.

Continuing Education Credits

The break-down of credits is as follows:

For CPA and Enrolled Agents: 18 hours total
Federal Tax Law: 11.5 hours
South Carolina and Federal Ethics: 2 hours
Federal Tax Law Updates: 3 hours
South Carolina Tax Law Updates: 1.5 hours

AFSP, RTRP and other Tax Return Preparers: 16.5 hours total
Federal Tax Law: 11.5 hours
South Carolina and Federal Ethics: 2 hours
Federal Tax Law Updates: 3 hours

Attorneys: 15 CLE credit hours total
Tax Law: 13 hours
Ethics: 2 hours

Certified Financial Planners: 16 hours total

“We have entered into an agreement with the Office of Director of Practice, Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, Section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors and length of class hours. This agreement does not constitute an endorsement by the Director of Practice as to the quality of program or its contribution to the professional competence of the enrolled individual.”

Certificates

Certificates will be provided to each participant at the conclusion of the 2-day seminar. Those participants that do not attend the entire 2-day seminar will have their credit hours adjusted accordingly.

Reporting to the IRS

Completed credit hours will be reported to the IRS within two weeks of the Tax School course completion for all participants providing their PTIN.

Seating Capacity and Waiting List Policy

Safety is a primary concern in determining the seating capacity of each venue. Given that we expect to sell out each venue you are encouraged to register early. In the event some participants cancel their registration at the last minute, we maintain a waiting list for individuals that wish to be notified of an open seat. The waiting list works on a first-come first-serve basis.

Cancellation Fee and Refund Policy:

A $70 cancellation fee is charged if you do not cancel your registration at least one week in advance of your school start date. No refund will be granted for failure to cancel at least one day in advance of your school start date (however all course materials will be sent to you). Please contact the Program Director to cancel attendance and obtain a refund.

Transfer Fee Policy:

A change of school location is possible only if seats are available at the new location. A $35 transfer fee is charged for transferring location. To assure successful transfer, contact the School Director early as possible to minimize the probability that your transfer location is sold out.

Locations and Dates

Myrtle Beach

October 29 and 30 – Monday and Tuesday

Horry Georgetown Technical College
Grand Strand Business and Conference Center
950 Crabtree Lane.
Myrtle Beach, SC 29577
+1 (843) 477-2020 or +1 (843) 477-2042

Florence

November 6 and 7 – Tuesday and Wednesday

Florence Country Club
450 Country Club Blvd.
Florence, SC – 29501
(843) 662-1413

Spartanburg: Location is full & session registration is closed. Please select another location.

November 13 and 14 – Tuesday and Wednesday

Summit Pointe – Hampton Inn
805 Spartan Blvd.
Spartanburg, SC – 29301
(864) 699-7866 or (864) 699-2222

North Charleston #1 – First offering

November 19 and 20 – Monday and Tuesday (Thanksgiving Week)

North Charleston Marriott
4770 Goer Drive
North Charleston, 29406
(843) 747-1900

Columbia

November 27 and 28 – Tuesday and Wednesday

Seawell’s Restaurant
1125 Rosewood Drive
Columbia, SC – 29201
(803) 771-7385

Anderson

December 3 and 4 – Monday and Tuesday

Hilton Garden Inn
115 Destination Boulevard
Anderson, SC – 29625
(864) 964-0100

North Charleston #2 – Second offering

December 10 and 11 – Monday and Tuesday

North Charleston Marriott
4770 Goer Drive
North Charleston, 29406
(843) 747-1900

Income Tax Course Topics

New Legislation – Business. This chapter covers business tax legislation that was enacted by the Tax Cuts and Jobs Act (TCJA). It is organized by code section to help participants quickly find topics of interest and includes:

  • A summary of each provision
  • Cross-references to other chapters to help participants find further information
  • Effective dates to help participants keep track of when provisions begin and when they expire

New Legislation – Individual. This chapter covers individual tax legislation that was enacted by the TCJA. It is organized by code section to help participants quickly find topics of interest and includes:

  • A summary of each provision
  • Cross-references to other chapters to help participants find further information
  • Effective dates to help participants keep track of when provisions begin and when they expire

Rulings and Cases. This chapter summarizes selected rulings and cases that were issued from September 2017 through August 2018 to give participants an update on issues that are being addressed by the IRS and the courts. The rulings and cases are organized under topic headings that match the titles of other chapters.

Agriculture and Natural Resource Issues. This chapter covers emerging topics that affect farmers and ranchers, including:

  • The new qualified business income (QBI) deduction for cooperatives
  • The depreciation of farm assets, and the new depreciation rules under the TCJA
  • Qualifying a farm lease for the QBI deduction
  • The new excess business loss disallowance rules

Business Entity Issues. This chapter discusses current issues in choice of entity and new laws and procedures for tax exempt-entities. Topics include how the TCJA impacts the choice of a business entity, the new exemption application for 501(c)(4) organizations, new rules that allow a 501(c)(3) organization to change its form or place of organization without a new exemption application, and other new developments for tax-exempt entities.

Business Issues. This chapter discusses some of the issues that tax practitioners encounter when they prepare returns for clients who have rental property or operate a business. Topics include:

  • Comprehensive examples that illustrate how to maximize the QBI deduction for a business
  • Employee fringe benefits
  • Calculating the QBI deduction for a real estate investor
  • Flow-through of the QBI deduction to partners and S corporation shareholders
  • New rules that impact micro-breweries, wineries, and distilleries

Ethics. This chapter discusses important issues that help practitioners comply with their ethical obligations. Topics include:

  • Due diligence for FBAR reporting, marijuana clients, and claiming refundable credits or head of household status
  • Practice continuation for the sole practitioner (including a sample practice continuation agreement)
  • Best practices for providing tax advice by email
  • Ten case studies that illustrate real-life ethical scenarios

Individual Issues . This chapter covers several issues tax practitioners encounter when preparing individual income tax returns, including:

  • The child tax credit and the new tax credit for dependents
  • Tax issues for divorcing spouses, including planning for repeal of the alimony deduction
  • Choice of filing status, and TCJA provisions that may impact how to file
  • Schedule A vs. the standard deduction, including ways to take advantage of charitable and other deductions for the taxpayer who claims the newly increased standard deduction

IRS Issues. This chapter covers issues the IRS targets as key issues for practitioners. Topics include:

  • Data security, tax scams, and identity theft
  • Passport revocations or denials for delinquent taxpayers
  • The current-status of the IRS, including a review of the challenges the IRS is facing in trying to implement the new legislation

Payroll and Estimated Tax. This chapter reviews payroll withholding requirements from the employer’s perspective and discusses estimated tax payments from the employee’s perspective. It includes information on the new wage withholding rules and updated IRS tools to help ensure the correct amount of withholding and estimated tax.

Retirement and Savings. This chapter covers common retirement tax planning and savings issues including:

  • IRA rollovers, conversions, and recharacterizations
  • Hardship distributions and plan loans
  • New and existing rules for ABLE accounts and Section 529 accounts

Tax Practice. This chapter contains important tax practices and procedures, including:

  • When a partnership can and should opt out of the new partnership audit rules
  • IRS liens and levies
  • Collection alternatives such as installment plans and currently not collectible status
  • When the taxpayer owes the IRS interest and when the IRS owes the taxpayer interest
  • Requesting technical advice from the IRS

Tax Rates and Useful Tables. This chapter reports the tax rates, deduction limits, credit limits, and income thresholds and limits that change each year. It includes information for 2017, 2018, and 2019 to the extent that information is available.

Program and Hours

FIRST DAY

8:00 – 8:30 Registration

8:30 – 10:00 Federal Tax Law Updates

10:00 – 10:10 Break / Refreshments

10:10 – 11:10 Federal Tax Law Updates (Continued)

11:10 – 12:10 Federal Income Tax Topics

12:10 – 1:00 Hot Lunch

1:00 – 2:50 Federal Income Tax Topics (Continued)

2:50 – 3:10 Break / Refreshments

3:10 – 5:15 Federal Income Tax Topics (Continued)

5:15 Adjourn

SECOND DAY

8:00 – 9:15 S.C. Tax Issues: Keith J. Wicker and Bethany M. Rawls

9:15 – 10:05 Federal Income Tax Topics (Continued)

10:05 – 10:15 Break / Refreshments

10:15 – 12:00 Federal Income Tax Topics (Continued)

12:00 – 12:50 Hot Lunch

12: 50 – 1:55 IRS Federal Tax Issues: Thomas A. Sheaffer

1:55 – 2:55 Panel Discussion: Program Faculty
(Panel discussion with question/answer session. You will be asked to submit written questions for the panel.)

2:55 – 3:05 Break / Refreshments

3:05 – 5:05 State and Federal Ethics: Professional Standards and Conduct

5:05 Adjourn

Program Faculty

Ronny Burkett, CPA

President, Burkett, Burkett & Burkett Certified Public Accountants, PA

Ronny is the President of Burkett, Burkett & Burkett Certified Public Accountants, PA, and specializes in the following areas: tax return preparation, financial statement preparation, business valuations, and litigation support services. Ronny holds CPA certification since 1979, CVA certification since 1997 and a Bachelor’s Degree of Science in Accounting from the University of South Carolina.

Ronny belongs to several professional organizations including the South Carolina Association of Certified Public Accountants, Central Chapter of Certified Public Accountants, American Institute of Certified Public Accountants, and the National Association of Certified Valuation Analysts. Given Ronny’s wide and deep knowledge in taxation issues he is asked regularly to speak at meetings, conferences and programs across the United States. Finally, Ronny is a lifelong resident of South Carolina.

Mark J. Hendrix, CPA

Executive Vice-President, Burkett Burkett & Burkett Certified Public Accountants, PA

Mark is Executive Vice-President at Burkett Burkett & Burkett Certified Public Accountants, PA, and specializes in: individual, partnership, corporate, estate and fiduciary tax returns preparation as well as elaboration of financial statements. Mark holds CPA certification since 1984 and a Bachelor’s Degree of Science in Business Administration with a minor in Accounting from the University of South Carolina.

Mark belongs to the American Institute of Certified Public Accountants and the South Carolina Association of Certified Public Accountants. Mark started his CPA Firm in 1984 in Lexington, SC and merged with Burkett, Burkett & Burkett, CPAs, P.A. in 1995. Finally, Mark is a lifelong resident of South Carolina.

Daniel L. Crowson, CPA

Manager, Burkett, Burkett & Burkett Certified Public Accountants, PA

Daniel is Manager at Burkett, Burkett & Burkett Certified Public Accountants, PA, and specializes in: accounting, tax advisory, and compliance services for businesses, individuals, and non-profits. Daniel holds CPA certification since 2002 and both a Bachelor of Science Degree in Accounting and a Master of Accountancy from the University of South Carolina.

Daniel belongs to the South Carolina Association of Certified Public Accountants and to the American Institute of Certified Public Accountants. Daniel worked and excelled at Bauknight Pietras & Stormer, PA; the LPA Group Incorporated; and at Lowrance Cooper & Company, PA, before becoming Manager at Burkett, Burkett & Burkett Certified Public Accountants, PA. Finally, Daniel is a lifelong resident of South Carolina.

Thomas (Tom) A. Sheaffer

Former IRS Senior Stakeholder Liaison for South Carolina

Tom Sheaffer is an Enrolled Agent and partner with Winters-Smith Associates LLC.  Previously he was the Senior Stakeholder Liaison, including practitioner liaison, for South Carolina.  He was with the IRS for 16 years as an Area Manager, a Senior Tax Specialist, and Senior Tax Analyst.  Tom is a graduate of the University of South Carolina with degrees in Management and Economics, has a Master in Accounting with a concentration in Taxation from Strayer University, and a Master in Business Administration from Strayer University.  Tom is an Adjunct Instructor at Greenville Technical College teaching Accounting, Business Law, and Management in the business division.  Tom also has 25 years of experience in the restaurant industry as a general manager, district manager, and director of operations.

Taxpayer Advocate, Internal Revenue Service

The Taxpayer Advocate Service (TAS) is your voice at the IRS. We ensure you are treated fairly, and know and understand your rights. If you are having tax problems and have not been able to resolve them with the IRS, you may be eligible for free TAS help.

Keith J. Wicker, CPM

Special Projects Coordinator, SC Department of Revenue

Keith J Wicker serves as a Special Project Coordinator for SCDOR’s Modernized e-File (MEF) Program, e-commerce initiatives and relations with tax preparation software companies.  Joining SCDOR in 1990, Keith has over 27 years of firsthand experience with the evolution of tax e-services in South Carolina.

Jean Funches

Taxpayer Advocate, SC Department of Revenue (Columbia only)

Jean Funches currently serves as the Department of Revenue’s tax advocate.  Through the facilitation of resolution of taxpayer grievances, Jean has ensured the fair and consistent application of South Carolina tax laws since 2008.

Program Coordinator

Dr. Adam J. Kantrovich
Director, Income Tax School
Extension Associate Professor
Clemson University

Mailing address:
900 Clemson Road (560 Civitas Circle)
PO Box 23205
Columbia, SC 29224-3205

Phone number: +1 (803) 788-5700 (Office)
E-mail address: akantro@clemson.edu

Annual Federal Tax Refresher (AFTR) Course for IRS Annual Filing Season Program (AFSP)

The Annual Federal Tax Refresher (AFTR) is designed for non-credentialed tax preparers (preparers that are not CPAs, EAs, CFPs, and Attorneys) that want to obtain the IRS Annual Filing Season Program (AFSP) – Record of Completion. This program provides non-credentialed preparers IRS limited representation rights for their clients. The AFTR course consists of six continuing education (CE) credit hours regardless of the delivery method (online, in-person, self-study). The related knowledge-based comprehension test will take a maximum of three continuous hours and it is administered by the Continuing Education (CE) Provider. The AFTR course which leads to the AFSP certification requires that the entire six credit hour AFTR course be taken together with the test in order to earn IRS Record of Completion.

There are several IRS Continuing Education (CE) providers that offer the AFTR Course for the AFSP. These CE providers are listed at https://www.ceprovider.us/public/default/listing?sortByName=name_asce One of such CE providers is Fast Forward Academy. For this year (2017 filing tax season) Fast Forward Academy offers the IRS approved six credit hour AFTR course at a cost of $59. This cost covers the educational materials for the three hours of continuing education instruction plus the cost of taking the required three credit hour comprehension exam. Fast Forward also provides optional on-line study materials at an additional cost of $60 for individuals wanting additional exam preparation material.

Overview of the AFTR Course offered by Fast Forward Academy:

IRS Approved: The Fast Forward course is registered with the IRS under the FFA provider number UBWMF.

Online Course: The course is a Web-based course. For those purchasing the additional self-study materials you can start and resume your exam preparation at any time using an Internet connection at work, home, or on a mobile device.

PDFs for Free: You will always have access to the course content and PDFs can be downloaded to print or load on to an e-reader device or referenced at a later point.

Exam Attempts: A participant may attempt an identical test two times, as long as no feedback is provided between attempts. If the participant is unsuccessful on both attempts, they may try again but only with a test that is substantially different from the prior exam.

Immediate Certificates: After passing the exam, you can access and print your FFA completion certificate for your personal records. You can also access your stored on-line certificate at a later date.

IRS Hours Reporting: Fast Forward will report your earned credit hours to the IRS on your behalf and provide you with an email confirmation that the IRS was notified you completed the AFSP.

Other AFTR Course Providers :

Other IRS approved internet and non-internet CE providers also provide the AFTR course. Interested individuals may wish to explore these alternative course providers if interested in the web link mentioned above.

For more information, please refer to:

IRS, AFSP:
http://www.irs.gov/Tax-Professionals/Annual-Filing-Season-Program

IRS, AFSP, Chart of Annual Filing Season Program CE Requirements:
http://www.irs.gov/pub/irs-utl/472015_afsp_requirements.pdf

IRS, AFTR, 2016 Filing Season Course Outline:
http://www.irs.gov/pub/irs-utl/03_30_2015_rpo_aftr_course_outline.pdf

FFA, AFSP:
http://store.fastforwardacademy.com/index-page-afsp.htm

Disclaimer:

The Clemson University Income Tax School neither endorses nor supports any of the approved vendors or CPE courses listed on the aforementioned link. The Clemson University Income Tax School provides this list of approved vendors and CPE courses as a resource for our registrants. The Clemson University Income Tax School is in no way affiliated with any of the companies listed on the aforementioned link.

South Carolina Ethics Requirement for CPA’s, PA’s, & AP’s

Effective January 1, 2013, South Carolina began requiring two hours of continuing education credit in South Carolina Ethics for all CPAs, PAs, and APs. The two hours of continuing education credit must be taken within a three year cycle to satisfy the South Carolina Regulatory Statute. The first three-year cycle began on 1/1/2013 and ends 12/31/2015. The second three-year cycle begins on 1/1/2016 and ends on 12/31/2018. The third three-year cycle begins on 1/1/2019 and ends on 12/31/2022.

The Clemson University Income Tax School offered in 2014 and 2016 a two-hour module that satisfies the two-hour South Carolina Ethics requirement as part of their 18-hour continuing education credit course.

This module will is offered again in 2018 as it is offered every other year.

If you have any questions or comments regarding this requirement, please contact:

Bridgette Goff
Administrative Coordinator
Board of Accountancy – South Carolina Department of Labor, Licensing and Regulation
Bridgette.goff@llr.sc.gov
(803) 896-4770
PO Box 11329, Columbia SC 29211
http://www.llronline.com/pol/accountancy/

Important:

The South Carolina Ethics Requirement does not apply for Enrolled Agents or non-certified tax preparers who only need to satisfy the requirement of 2 credit hours of Federal Ethics per year.

ATTENTION SCACPA MEMBERS: SCACPA CPE Bank Eligible Seats are full. Please check out our Livestream options.

Myrtle Beach
Horry Georgetown Technical College
October 29 and 30
Monday and Tuesday

REGISTER

Florence
Florence Country Club
November 6 and 7
Tuesday and Wednesday

REGISTER

Spartanburg
Summit Pointe Conference Center
November 13 and 14
Tuesday and Wednesday

REGISTRATION IS FULL

North Charleston
North Charleston Marriott
November 19 and 20
Monday and Tuesday

REGISTER

Columbia
Seawell’s Restaurant
November 27 and 28
Tuesday and Wednesday

REGISTRATION IS FULL

Anderson
Hilton Garden Inn Anderson
December 3 and 4
Monday and Tuesday

REGISTER

North Charleston
North Charleston Marriott
December 10 and 11
Monday and Tuesday

REGISTER

Seating is limited, so use your CPE Bank to reserve your in-person spot today.

SCACPA will livestream the Clemson Tax School courses on October 29-30 and December 3-4. Members can register for one day or two days of livestream on any date of their choosing (Example: Day 1 of the October 29-30 course and/or Day 2 of the Dec. 3-4 course). The livestreams are SCACPA member only events. Electronic materials will be provided for livestream courses including the 2018 Income Tax Workbook and the South Carolina Department of Revenue Tax Manual.

New to Online Courses?

Don’t worry! Our simplified SCACPA Classroom makes attending online courses a breeze. On the day of your event go to:
www.scacpa.org/classroom
and a live video feed will appear on screen.
Want to test the classroom now? Click Here

October 29 and 30
Monday and Tuesday

Register for Day One & Two
Register for Day One Only
Register for Day Two Only

December 3 and 4
Monday and Tuesday

Register for Day One & Two
Register for Day One Only
Register for Day Two Only