Texas certified public accountants and attorneys were brought up to speed on the latest federal tax developments at the Department of Accounting’s 18th annual tax seminar.

Held in Rudder Tower on the Texas A&M campus, the two-day seminar covered The Economic Growth and Tax Relief Reconciliation Act of 2001, as well as other significant legislative, administrative and judicial developments.

The seminar began in 1984 to make area practitioners aware of the newly formed graduate tax program, as well as to provide more networking opportunities for graduate tax accounting students, says Shelton Tax Professor Dr. Dennis Lassila, who has overseen the event since 1993.

“Now the primary goal is to provide continuing education opportunities to area CPAs,” he explains. “Each year we focus on the latest developments in tax law and the important changes that have taken place over the past year.”

The various sessions were led by Mays faculty members as well as various taxation and accountancy experts from Big 5 and area firms. Attendees could receive up to 16 hours of Continuing Professional Education Credit for Texas CPAs for participating.

Lassila says funds generated from the seminar have been put toward several student scholarships. The scholarships are specifically designed to recognize deserving graduate students from the Department of Accounting’s Professional Program.