This year marks the 50th anniversary of the University of Kentucky Income Tax Seminar Program, a highly successful outreach series that presents updates on both federal and state tax preparation for tax professionals, enrolled agents, certified public accountants, certified financial planners and attorneys. From Oct. 27 through Jan. 5, the program will host seminars around Kentucky that are designed for professional tax preparers with at least one year of tax preparation experience.
The UK Department of Agricultural Economics in the College of Agriculture, Food and Environment and the UK Cooperative Extension Service, in cooperation with the IRS and the Kentucky Department of Revenue, will offer 15 sessions of the two-day seminar. The program covers individual and small-business issues, including the latest changes to tax laws such as federal updates on new tax legislation, agricultural issues, rulings and cases, IRS issues and retirement. It also includes two hours of ethics content.
Seminars are led by Bill Klump and Willa Woolfolk or new instructors James Blandford and Bill Eversole.
Klump is a certified public accountant and president of Klump and Blandford PSC, a certified public accounting firm located in Louisville. He has been an instructor for the Income Tax Seminar Program since 1997.
Woolfolk worked for the IRS for 37 years. She has extensive knowledge of business and trade practices and was responsible for writing sections of classroom training for the IRS.
Blandford is a certified public accountant who is a shareholder and vice president of Klump and Blandford PSC. He is also a managing member of Blandford Wealth Management LLC, a registered investment adviser. His focus is providing tax, accounting, consulting and financial planning services to individuals and small businesses.
Eversole is the managing member of Summit Strategic Advisors LLC, a strategic tax planning and family office consulting firm. He has more than 18 years of consulting and public accounting experience, specializing in providing comprehensive, proactive advisory services to individuals, multi-generational families, family offices and foundations.
Seminar registrants will receive the 2016 National Income Tax Workbook, available only to sponsors of tax schools and to registered participants. Seminar participants will also receive the U.S. Master Tax Guide and a Kentucky Department of Revenue update.
Registration is now open for the two-day program. All seminars begin at 8 a.m. both days and conclude at 5:30 p.m. Seminars will be offered in:
The Kentucky State Board of Accountancy, Kentucky Department of Insurance, and National Association of State Boards of Accountancy have approved the seminar for 17 hours continuing education units. The course is also approved by the IRS for 16 hours of continuing education credit (including ethics) for Enrolled Agents, and for 16 CE hours by the Certified Financial Planner Board of Standards. Attorneys may apply directly to the Kentucky Bar Association for CLE credit.
The early registration fee of $325 must be received two weeks prior to the chosen seminar date. Registration within two weeks of the seminar date is $365. For a registration form or more information, go to http://www.uky.edu/uktax/.
Kathy Roe, 859-218-5112