Insightful Accountant is exhibiting at and reporting from Latino Tax Fest in Las Vegas next week. We’ll be sharing information from the exhibit hall floor, general sessions and social events. If you don’t know Latino Tax, you should, especially if you work with clients who either speak Spanish or have specific needs related to migrant workers who speak Spanish, Latino Tax Fest (and Latino Tax Pro) need to be on your list of key resources.
I personally attended the event last year on behalf of Canon imageFORMULA scanners and was very impressed with the size and scope of the event, and had a great time meeting all of the attendees who were eager to learn more about what we had to talk about.
Latino Tax Fest is a very unique event, featuring a total of 71 educational sessions, with 38 being taught in English and 33 being taught in Spanish, so don’t be mislead by the name. You don’t have to speak Spanish to attend this fun event and educational event, but you do have to go to Las Vegas!
What are the sessions?
Return Preparer Office Updates
- session will cover the Return Preparer Office updates for 2018 as well as the changes and challenges from the Tax Cuts and Jobs Acts implementation and impacts.
- Presented by Carol Campbell, Director of the IRS Return Preparer Office
ITIN Updates
- This session will cover the latest changes in the ITIN department and the challenges and changes that the Tax Cuts and Jobs Act may have implemented.
- Presented by Sharon Bradley, IRS Manager, ITIN Policy Section
Other key sessions we should be aware of:
With You Through Life’s Journey- Social Security Administration
- This session will cover the role of the Social Security Administration(SSA) and how immigrants could apply for a social security card prior to coming to the United States. Attendees will learn about.
- What is FICA and what is it used for? What is spousal benefits and how do I apply? How do I get benefits from my divorced spouse? And much more.
2018 Taxation of Legal Marijuana Update
- While cannabis possession, sale, manufacture and distribution remain federally illegal, U.S. States continue to pass laws legalizing the product within those states.
- This course will discuss recent court cases and other industry challenges which affect taxation of cannabis and our ability as practitioners to safely work with these clients.
Tax Requirements for U.S. Citizens bona fide Residents of Puerto Rico
- A thorough familiarization with IRC Section 933 as it affects the preparation of the Federal Income Tax return of a bona fide resident of Puerto Rico.
- A complete explanation of the Puerto Rico Tax System and the correct approach to deal with ‘double taxation’, ‘part year residence’, ‘deductions allocable to excluded income’, among others.
IRS Section 199A
- This session will give a basic overview of Section 199A and what the impact will be for small businesses. Also discussed is the affect of Section 199A for pass-through entities.
In addition to what was mentioned above, the “Tax Fest” will include sessions on Section 199A, the new tax credits and changes to Child Tax Credit, the new Form 1040, The new Schedule A, Form 8867 Due Diligence for Tax Professionals.
It’s never to late to decide to go to Vegas, even if you have to fly. I just checked round trip from ATL to LAS via Expedia and found flights for under $400.
If you just can’t make it on this short of notice but think you should get to know the professionals at Latino Tax Pro, visit the site and sign up for their free newsletter.
If you do make it, make sure you stop by the Canon and Insightful Accountant booths and say hello! And make sure to follow us on Twitter to get live updates on the conference, @InsightfulActnt and Latino Tax Pro to see where all of the sessions and other festivities are going on, @LatinoTaxPro with the hashtag #LatinoTaxFest. See you in Las Vegas!