Income Tax School to be offered online

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AMES, Iowa — Tax preparers and advisers in Iowa and Wisconsin can plan ahead for the annual tax school offered by the Center for Agricultural Law and Taxation at Iowa State University.
Despite a difficult year with the COVID-19 pandemic, the 47th edition of the Federal Income Tax School is still a go – this time in an online-only format.
The program will be offered on select dates from Nov. 10 through Dec. 15, with the traditional two-day option, or the option to complete the training in four morning or four afternoon sessions, depending on preference. Participants will be eligible for 16 hours of continuing professional education credits.
“We believe that we can deliver the same quality tax education that we have for the past 47 years, just this time online,” said Kristine Tidgren, director of the Center for Agricultural Law and Taxation at Iowa State and Holder of the Leonard Dolezal Professorship in Agricultural Law. “It was a difficult decision but it became evident to us during the summer that we needed to focus on creating the best online experience that we could.”
Tidgren is confident that this year’s program will be on par with previous years, and participants will still receive a copy of the National Income Tax Workbook. Eight experts are scheduled to speak on topics that will include new and expiring legislation, an IRS update, individual tax issues, business issues, trusts and estates, S corporations and more.
The sessions will be presented live to registrants, with opportunities for live question and answer throughout. This is the second year that the program is also being offered in Wisconsin, with the same speakers, dates and sessions.
Tidgren said the agenda is updated each year to include new topics and a review of the basic questions tax preparers can expect to face.
“Every year we try to prepare our tax professionals for the biggest issues that they will face when filing the upcoming returns, including any tax law changes that have taken place since the previous year,” she said.
An additional option this year is the choice of two bonus tracks called “Ethics and Filing Considerations,” and “Financial Distress and Agricultural Issues.” Participants can select one of the tracks for an additional $15, and receive an additional four hours of CPE.
Participants should register by Oct. 20 to receive the best rate of $300 for either the two-day or four-session class, and $15 for the optional bonus track. Registration after Oct. 20 is $335 or $350 with the bonus track.
For more information, Tidgren can be reached at 515-294-6365
— Kristine Tidgren, ISU Extension and Outreach

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