REGISTRATION COST–In-Person Seminar
$ 365 / $ 385 after October 19 • includes 2 hours of ethics

REGISTER ONLINE > 2026 Annual Federal Income Tax Courses

AGENDA

The course will cover the following chapters and topics from the 2026 National Income Tax Workbook, as time allows. 

Ethics 

Review of real-life ethical issues, scenarios, and ethical obligations such as reporting or self-reporting of misconduct, and proposed Circular 230 regulation of incompetence and disreputable conduct with examples of relative disciplinary cases.

Gift Tax

• Defining what constitutes a gift, annual exclusions, and gift splitting.
• What qualifies as gifts to a spouse, and how a surviving spouse can use the deceased spousal unused exclusion (DSUE) for gifting.
• How to determine the value of a gift, and the adequate disclosure rules that start the statute of limitations on the valuation. 
• Gift tax reporting on Form 709: United States Gift (and Generation-Skipping Transfer) Tax Return. 

Payroll and Estimated Tax

• How the One Big Beautiful Bill Act (OBBBA) affects payroll withholding and reporting.
• Employer’s tax withholding, deposit, and reporting requirements.
• New reporting requirements for qualified tips and overtime compensation. 
• When must self-employed taxpayers pay estimated tax, how to calculate those payments.
• Explanation of pentalty for underpayment of estimated taxes, and when a taxpayer can request a waiver of the penalty.

Business Entity Tax Issues

• Taxation of partnership and S corporation distributions of cash and property, and limits on partnership and S corporation losses. Overview of requirements for amateur sports organizations to qualify for tax-exempt status, with a sample application.
• Tax-exempt status for labor organizations.

Restaurant and Hospitality Industries

• Review of employee and employer tip reporting requirements
• Explanation of the nonrefundable tip credit available to employers, and difference between tip and wage income
• New rule review for qualified tip and overtime deductions
• Definition of qualified improvement property eligible for bonus depreciation and I.R.C. § 179 expensing
• How cost segregation studies can provide opportunity to accelerate depreciation on certain assets
• Safe harbors that apply to certain remodeling and refreshing project costs, and the current expensing of the cost of smallwares

Individual Tax Issues: Part 1

• New charitable contribution deduction rules for individual taxpayers.
• When individual taxpayers can deduct investment theft losses, i.e. losses due to internet scams.
• Calculating and reporting wagering/gambling gains and losses.
• Reconciling advance premium tax credit payments with the taxpayer’s actual premium tax credit.
• Guidance on nontaxable payments reported on Form 1099-K, such as sales of personal items at a loss and reimbursements for personal expenses.

Individual Tax Issues: Part 2

• Claiming credit for other dependents.
• The senior deduction, and the new deduction for qualified passenger vehicle loan interest.
• How to apply for an individual taxpayer identification number (ITIN), and what tax benefits and credits now require a social security number.

Capital Gains and Losses

• Definition of a capital asset, and long-term vs. short-term gain.
• How to determine the holding period of a capital asset and loss limitations.
• Types of gain included or excluded in net investment income tax.
• Reporting capital gains on Schedule D (Form 1040) including the tax rates, netting short- and long-term gains, and carryovers.

Business Tax Issues

A review of business valuations, including accounting cash and accrual methods for small businesses, new rules and guidance for corporate charitable contributions and fringe benefits, enhanced qualified business income (QBI) deduction, and taxation of pass through entity tax refunds, settlements, and fines.

IRS Issues

Key issues for practitioners, including information on Tax Pro accounts, requests for a CAF77 report to withdraw unneeded power of attorney authorizations, Executive Order 14247 guidance for sending and receiving paperless payments, and tax scams.

Agricultural and Natural Resource Tax Issues

Current issues preparing returns for farmers and ranchers, including information on when to report income and expenses on Schedule F (Form 1040), for-profit vs. hobby farming, payments to children, form 1099 reporting, and farm income averaging.

Retirement Tax Issues

New issues in planning for topics including changes to catch-up contributions, an explanation of I.R.C. § 457 plans, review of retirement plans for small businesses, social security survivor and death benefits, tax consequences of a backdoor Roth conversion, and new, applicable eligibility and tax provisions for Trump Accounts.

New and Expiring Legislation

Recently enacted tax legislation and procedures organized by subject, including a table of tax provisions that are, or will soon, expire.

Rulings and Cases

Updates and summaries of selected rulings and cases issued September 2025-August 2026.

Tax Rates and Useful Tables

Report of annual changes to tax rates, deduction limits, credit limits, and income thresholds and limits.

CONTINUING EDUCATION

IRS CE 

• Y7WRM-E-00402-26-I 2026 Federal Income Tax Ethics, In Person (2 credits)
• Y7WRM-U-00403-26-I, 2026 Federal Income Tax Updates, In person (3 credits)
• Y7WRM-T-00405-26-I , 2026 Federal Income Tax Topics, In Person (10 credits)

15 hours of IRS credit because of one hour of state tax.

State CPE

16 hours of continuing education, including 2 hours of ethics

Wisconsin CLE

16 hours of continuing education, including 2 hours of ethics (pending)

Wisconsin Insurance

16 hours of continuing education, including 2 hours of ethics (pending)

SPEAKERS

• Kristiana Coutu 
  Attorney–Center for Agricultural Law and Taxation 
• Joshua Hjelmaas 
  Attorney–Center for Agricultural Law and Taxation
• Kristine Tidgren 
  Attorney and Director–Center for Agricultural Law and Taxation, and Dolezal Adjunct Associate Professor–Department of Agricultural Education and Studies, at Iowa State University.  
• Doug Van Der Aa
  Certified Public Accountant and Attorney–Van Der Aa Tax Ed, LLC 
• IRS Stakeholder Liaison
• Wisconsin Department of Revenue (pending)

ACCOMODATIONS–New Location!
Milwaukee Marriott West • W231N1600 Corporate Ct, Waukesha
(262) 574-0888