Essentials of Taxation

MCLE Credits: 2.0
Ethics Credits Included: 0.0

Friday, August 23, 10:00 a.m. - 12:00 noon ET
Learn more about Virginia CLE webcast format
Learn more about Virginia CLE telephone format
Friday, September 20, 9:00 - 11:00 a.m. ET
  • Webcast with Live Q&A
  • Telephone with Live Q&A
MCLE Credit: 2.0 (Ethics: 0.0)
Live-Interactive Credit: 2.0 (all dates, all formats) Live Interactive MCLE Credit Symbol
Registration Fee: $150

Information

Why Attend?

  • Learn the fundamental terminology and structure of the income tax system
  • Get an overview of the wider world of taxation
  • Recognize when you and your clients need to consult a tax practitioner, whether a CPA or a tax attorney

Taxes are one of the certainties of life, eventually intersecting with virtually every area of the practice of law. For attorneys with little to no background in tax, those intersections can sometimes be perplexing and intimidating. This course will help you become more familiar with the tax landscape.

Topics to be covered include:

  • Fundamental Income Tax Terminology and Structure
    • Gross Income
    • Exclusions and Exemptions
    • Deductions
    • Capital Assets, Basis, Capital Gains and Losses
    • Exchanges
    • Taxable Income
    • Accounting Methods
    • Timing, Recognition, Deferral
    • Rate Structure
  • Overview of the Wider World of Taxation
    • Taxation of Individuals
    • Taxation of Entities—S Corporations, C Corporations, Limited and General Pertnerships, LLCs, Trusts
    • State and Local Taxation—Income Tax, Sales and Use Tax, Business License Tax, Real Property Tax, Personal Property Tax
    • Payroll Taxes—FICA and FUTA and SECA
    • Transfer Taxes—Estate, Gift, Generation Skipping, Inheritance
    • The Future—2020 Election issues
 

Discounts available for Virginia CLE webcast-telephone-live seminars Follow link to learn about the Virginia CLE Online Bundle with savings up to 45% Follow link to learn about coupons for lawyers in First Year in Virginia practice Follow link to learn about discount for New Virginia Lawyers (first 3 years) Follow link to learn about Government Employee discount Follow link to learn about Legal Aid discount

Follow link to learn about coupons for lawyers in First Year in Virginia practice Follow link to learn about coupons for lawyers in First Year in Virginia practice Follow link to learn about Government Employee discount Follow link to learn about Legal Aid discount

Registration Deadlines:
Webcast: 10 minutes prior to seminar. If you register for a webcast the day of the seminar, your e-mail receipt will include a link to launch the seminar and download the materials.
Telephone: Online registration ends at 11:59 p.m. the day preceding the seminar
Call (800) 979-8253 to register up to one hour prior to the seminar
Live on Site: Online registration ends at 11:59 p.m. the day preceding the seminar
Walk-in registration is permitted on a space-available basis

Cancellation Policy: Cancellation/transfer requests will be honored until 5:00 p.m. the day preceding the seminar. You will, however, be charged $40 if you cancel or transfer your registration to a different seminar after the link to the materials has been e-mailed by Virginia CLE.

Full refunds or transfers are available up to two days after a webcast in the unlikely event that you experience technical difficulties.

MCLE Credit Caveat: The MCLE Board measures credits by the time you spend in attendance. If you enter a seminar late or leave it early, or both, you must reflect those adjustments accurately in the credits you report on your credit reporting form. A code will be given at the end of the seminar, which must be written on your MCLE form.


Can't Attend?
E-mail distance_ed@vacle.org to be notified when/if this program is made available as an online or USB seminar.
E-mail publications@vacle.org to be notified when/if this program's seminar materials are made available for sale.

Schedule

COURSE SCHEDULE (August 23) (Eastern Time)

11:00 Essentials of Taxation
1:00 Adjourn
  • Sign-in for live seminar attendees in Charlottesville begins at 10:30 a.m.
  • Q&A will be handled via chat room for Webcast attendees.
  • Q&A will be handled via e-mail for telephone seminar attendees.

COURSE SCHEDULE (September 20) (Eastern Time)

9:00 Essentials of Taxation
11:00 Adjourn
  • Q&A will be handled via chat room for Webcast attendees.
  • Q&A will be handled via e-mail for telephone seminar attendees.

Faculty

FACULTY

Mark J. Nelson, Virginia Wills, Trusts & Estates PLC / Charlottesville

Mark J. Nelson recently joined his former colleague and longtime friend, Tom Nolan, at Virginia Wills, Trusts & Estates, PLC. He is a CPA, a divinity school graduate, and an alumnus of the University of Virginia School of Law. After law school, he served as a judicial law clerk for Judge Ralph Nimmons of U.S. District Court for the Middle District of Florida and then returned to Charlottesville in 1994 to practice law. The primary focus of his practice is wills, trusts, and estates, but he also has a robust background in business, tax, and franchise law. He is admitted to practice law in Virginia and Florida and before the U.S. Tax Court.

Neil L. Rose, Willcox & Savage, PC / Virginia Beach

Neil Rose is a former IRS and Treasury Special Honors Attorney. He has over twenty-five years’ experience in the areas of federal and local taxation, estate planning and administration, real estate, and corporate law. He has lectured on corporate tax, real estate tax, Virginia sales and use tax, estate planning, elder law, pension tax, tax exempt organizations, and limited liability company issues for the Tax Section of the American Bar Association, Virginia State Bar, ODU Tax Conference, the Virginia Society of CPAs, and Virginia CLE.

Locations, Dates and Fees

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