Orlando IRS Nationwide Tax Forum Hosts Seminars on Cybersecurity, New Tax Law, Qualified Business Income
The Cybersecurity for Tax Professionals session will include discussions of cyber opportunities and threats; enterprise risk management and prevention; effective responses to an attack and/or security breach.
Jul. 29, 2019
Tax professionals who attend the IRS Nationwide Tax Forum in Orlando, Fla., will learn the latest on cybersecurity, ethics, tax law changes for 2019 and more. The forum takes place Aug. 13-15.
Enrolled agents, certified public accountants, certified financial planners, Annual Filing Season Program participants and other tax professionals can register at the standard rate of $255 through July 30. Attendees registering after that date or on-site pay $370.
Seminars include:
Cybersecurity for tax professionals Learn about the most pressing cyber threats and tips on how to prevent, protect and respond to cyber incidents.
The Cybersecurity for Tax Professionals session will include discussions of cyber opportunities and threats; enterprise risk management and prevention; effective responses to an attack and/or security breach. This session is presented in coordination with the Security Summit partnership between the IRS, the states and the tax community with support from the American Coalition for Taxpayer Rights, www.irs.gov/securitysummit.
Other cyber-seminars include:
- Tax Security 2.0: The Taxes-Security-Together Checklist Panel Discussion, including the Security Six
- Data Compromise Playbook for Tax Practitioners
- e-File Identification Number Security Responsibilities, Helping You and Your Clients Steer Clear of the Latest Frauds and Swindles
- Identity Theft Victim Assistance: How It Works for You and Your Client.
2019 tax law changes Attendees can learn about tax law changes for tax year 2019, including how they affect tax forms and publications. During the first of this year’s Tax Forums, held earlier this month at National Harbor outside Washington, D.C., the Qualified Business Income sessions were among the most popular for tax professionals, with many of the sessions filled to capacity with hundreds of attendees gathering to hear experts from inside and outside government.
Five different sessions will be presented. Sessions focus on different aspects of the major new provision, part of the Tax Cuts and Jobs Act. Qualified Business Income, commonly referred to as QBI or its Internal Revenue Code Section number of 199A, impacts many different businesses and self-employed.
The QBI sessions include:
- Properly Substantiating the Section 199A Qualified Business Income — with speakers from the National Society of Tax Professionals (NSTP).
- Tax Cuts and Jobs Act Update: QBI Deduction and Opportunity Zones — with speakers from IRS’ Small Business and Self-Employed division.
- 199A Qualified Business Income: Review and Planning to Maximize the Benefits of QBI on the Form 1040 — with speakers from the National Association of Tax Professionals (NATP).
- When Does a Rental Generate Qualified Business Income 00 with speakers from the National Association of Enrolled Agents (NAEA).
Dealing with disasters This session will address how to report disaster losses, including what losses qualify for disaster relief.
The 2019 Nationwide Tax Forums continue around the country. Other remaining events are: New Orleans, Aug. 6-8; and San Diego, Sept. 17-19 (sold out). Visit the IRS Nationwide Tax Forum website to register.