Sessions | ENGAGE 2020

Sunday, June 9 2019

6/9 1:00PM5:00PM

EST19102. Basic 1041 and Trust Accounting Income

Steve Siegel - President, The Siegel Group
Jackie Patterson - Partner, Buchanan & Patterson,LLP

This session will address the preparation of IRS Form 1041 (Fiduciary Income Tax) and will describe how the Form is completed to report the income and deductions of trusts and estates. Discussion will include the distinctions between trust accounting income and principal and will highlight how the 2017 Tax Cuts and Jobs Act has impacted the income taxation of trusts and estates.

Learning Objectives:
1) Gain an understanding of the detailed preparation of IRS Form 1041.
2) Learn how to identify and distinguish trust accounting income and trust accounting principal.
3) Determine the impact of the 2017 Tax Cuts and Jobs Act on the income taxation of trusts and estates.

6/9 5:10PM6:00PM

PFP1901. Economic Update Followed by the presentation of the Standing Ovation Award Winners

Anirban Basu - Chairman and CEO, Sage Policy Group, Inc.

This presentation provides detailed discussions of global, national and regional economies using the most up-to-date data available. Special attention is invested in critical elements of economic life, including the performance of financial, labor, and real estate markets. At the end of this presentation, audience members will:
1) Understand the myriad ways in which global economic dynamics are impacting the U.S. economy.
2) Understand which industries are expanding the fastest in America.
3) Understand how policymaking continues to shape economic outcomes in the U.S.
4) Understand the primary sources of risk to the current expansion cycle.
5) Understand key factors shaping the U.S. economic outlook in the near and far terms.

6/9 6:00PM7:30PM

Welcome Reception

Monday, June 10 2019

6/10 7:00AM7:50AM

NAA19ER01. Protecting the Privacy of Critical Data

Thomas Patterson - Senior Director, NTT Data Services, Inc.

An organization's data is oftentimes thought of as its most valuable asset, yet many entities struggle when it comes to protecting that data. This is especially true when it comes to the personally identifiable data of customers, trading partners, and employees. This session will explore the topic of data protection and provide attendees with a greater appreciation of the potential difficulties one may encounter when attempting to create a data protection strategy, data handling procedures, control activities, and the types of technical tools available in the market about which CPAs should be aware.

Learning objectives:
1) Leave participants with an in-depth understanding and increased appreciation of the challenges organizations face when designing and implementing a robust data protection strategy and methods
2) Provide participants with recommended steps for identifying an organization's critically important and most valuable data, identifying the types of controls that can help protect the integrity and privacy of that data, and technologies available in the market that can help prevent and detect data breaches and related data losses

6/10 9:00AM12:00PM

PST19102. How to Build a Cybersecurity Advisory Practice

In this session, the attendee will learn how to monetize their practice from a cybersecurity perspective. The presenters will share best practices in this space, including how to identify and offer cyber advisory and attest services. Both presenters have years of experience in this space, providing these types of services to their clients. Learning objectives: 1) Obtain knowledge on how to monetize cybersecurity services in the CPA firm 2) Obtain best practices on selecting which cybersecurity services to offer

6/10 9:05AM10:45AM

PFP1904. College Planning For Every Client

Brian Boswell - President, Founder, 529 Expert,LLC
Erik Jimenez - Sr. Policy Director, Nevada State Treasurer's Office

This session will cover 2 parts.

In part 1, a brief overview will be provided of investing for higher education, and an update on changes happening in the legal and political landscape. Then we will dive into conversations you should be having with every client in every age group about college planning.

The second part of this presentation will be focused on the ABLE savings program, which allows people with disabilities to open tax advantaged savings accounts that do not count against income limits for government benefit programs. This presentation will provide CPA's and other professionals with an additional tool to help people with disabilities and their families save for the future.

By the end of this session participants will:
1) Have an excellent understanding of the benefits of 529 plans, as well as how to discuss college savings with your clients.
2) Learn about the benefits of the ABLE Savings Program.
3) Be provided with an additional tool for people with disabilities to save for the future.

6/10 11:15AM12:05PM

EST1905. Communicating the Estate Planning

It used to be sufficient to check beneficiary designations and titling of assets were consistent with the estate planning documents. With longer lives and the demand for more open communication from younger generations, communicating the estate plan is now essential. We will provide tips for having a successful meeting, what to disclose and how best to communicate the plan. Learning Objectives: 1. Understand the importance of communicating the estate plan for family harmony. 2. Learn some ideas for effectively communicating the plan.

6/10 1:00PM5:00PM


Eric Green - Partner, Green & Sklarz LLC
Caroline Ciraolo - Partner, Kostelanetz & Fink LLP
Robert McKenzie - Lawyer, Saul EwingArnstein & Lehr LLP
Bryan Skarlatos - Partner, Kostelanetz & Fink,LLP
Paul Mamo - Director, Collection, IRS

As IRS enforcement becomes more automated, the need for trained representatives who know what to do and when to do it has never been greater. This panel will cover the mechanics of representing taxpayers before the IRS on topics such as examinations, appeals and collections so that attendees can identify and understand when taxpayers need help and how to go about the process of helping them resolve their IRS issues.

This session will be covered in 2 parts:
1:00 - 3:00 pm: Part 1 - Examinations and Appeals
3:00 - 5:00 pm: Part 2 - IRS Collections

Learning Objectives:
1. Understand the examination process
2. Identify opportunities to challenge an examiner's findings
3. Explain the process for appealing IRS examination conclusions
4. Understand the IRS collection process
5. Explain the options taxpayers have to resolve outstanding tax debts

6/10 1:30PM2:45PM

ENG19K01. The Fat Tail: The Power of Political Knowledge for Strategic Investing

Ian Bremmer - President & Founder, Eurasia Group and GZERO Media

The fallout from the still-unfolding global financial crisis provides several perfect examples of "fat tail" risk, those that flow from the low-probability, high-impact events that generate upheaval more often than we think. Bremmer shares with audiences how an understanding of the political dynamics generated by the financial crisis helps us forecast market risks, why politics matter more than ever for market performance, why the world's wealthiest countries have begun to behave like emerging market states, and what all this means for investors and companies.

At this presentation audiences will learn:
1) The risks that flow from low-probability, high-impact the global financial crisis
2) Why politics matter more for the performance of markets and for issues ranging from defaults to nationalization to regulatory reforms
3) Why developed states are behaving more like emerging markets
4) The shift from New York, Shanghai, and Mumbai to Washington, Beijing, and Delhi—and the risks that this trend creates

6/10 3:45PM4:35PM

ENG1903. Roth IRA Conversion After the TCJA (PFP, EST)

Steve Bigge - Partner, Keebler and Associates, LLP

With the passage of the TCJA, Roth IRA conversions have once again become popular. While many professional advisors know about the basic rules of Roth IRAs, they do not understand the economic/tax intricacies associated with them. Unfortunately, failure to understand the mathematical fundamentals of Roth IRA conversions can lead to making disastrous decisions. However, with a good working knowledge of the quantitative “forces” which impact Roth IRA conversions, professional advisors will be able to give cogent, straightforward advice to their clients.

Learning Objectives:
1. Reasons to convert to a Roth IRA
2. Taxation of Roth IRA conversions
3. Taxation of Roth IRA distributions
4. Mathematics of Roth IRA conversions
5. Recharacterizations
6. Estate tax considerations
7. “Stretch” Roth IRAs • Using insurance to preserve post-death “stretch-out”
8. Tax-sensitive withdrawal strategies

6/10 4:50PM6:05PM

ENG1904. Situs Selection for Income Tax Purposes (EST, PFP)

Kristen Simmons - Member, Oshins & Associates LLC

With high estate tax exemptions, income tax planning with trusts has become a high focus of estate planners. This presentation will cover the choice of trust situs selection for income tax purposes.

This presentation will outline:
1. How different states tax non-grantor trusts 2.
How to select the best jurisdiction for a non-grantor trust for income tax purposes.

Tuesday, June 11 2019

6/11 7:00AM7:50AM

ENG19ER01. Tax Planning Strategies Using Virtual Currencies (TAX, PFP)

Shehan Chandrasekera - Partner, JAG CPAS & Co
Ryan Firth - Founder and President, Mercer Street Personal Financial Services

Do you have clients who transact with cryptocurrencies? If so, you’ll want to attend this session! We’ll explore various tax compliance and planning opportunities you should consider when working with your clients. The only guidance we have from the IRS on virtual currencies (also referred to as cryptocurrencies) is Notice 2014-21. Limited guidance presents challenges for tax practitioners, but also allows for some interesting planning opportunities. In this session you will:
1. Gain an understanding of how the IRS treats cryptocurrencies.
2. Discuss compliance considerations to be aware of as a tax practitioner.
3. Determine tax planning strategies to use when working with clients who transact in cryptocurrencies.

6/11 8:00AM9:15AM

ENG1905. 199A: Beyond the Basics (EST, PFP, TAX)

The addition of Sec. 199A is perhaps one of the most significant changes and opportunities in the Tax Cuts and Jobs Act (TCJA). It is also very complicated from a compliance and planning standpoint. This session will provide a quick refresher of the basics, cover some of the compliance difficulties and provide forward-looking planning ideas. Specifically, this session will cover: • Sec. 199A for Real Estate • Sec. 199A for Insurance and Financial Planning Professionals • Understanding Separate vs. Separable for SSTBs • Sec. 199A with REITs and PTPs Learning Objectives: 1. Understand how Sec. 199A works for both traditional business and SSTBs 2. Understand when a taxpayer can use separate and separable rules

6/11 9:30AM10:20AM

PFP1922. You and Your Clients Best Interests (Followed by the Presentation of the Lifetime Achievement Award)

Mitch Anthony - President, Advisor Insights Inc.

In the advisor/client relationship, it is what we do not know about our clients that can jeopardize prospective and long-term clients alike. Mitch will inspire advisors and provide them with the tools necessary to have more meaningful—and productive—conversations. Audience members will walk away with fresh ideas on how to turn prospects into lifelong clients, as well as how to develop stronger and more fruitful relationships with existing clients.

6/11 11:20AM12:10PM

AAM1906. Accountability and Consistency: Developing and Executing on an Internal Sales Process

Dawn Howard - Regional Marketing Director, BKD, LLP

This presentation will be focused on developing and executing on a strong sales pipeline process. The 'billable hours shield' is alive and well as it relates to the time our client service professionals are willing to put to their business development efforts. Key points of this presentation include setting up a consistent and efficient follow up plan with a focus on holding people accountable as they build their sales pipeline. This presentation will also discuss a methodology to limiting the number of key prospects per client service professional and an example of a marketing campaign and process utilized to improve your win rate.

After attending this presentation, attendees should be able to:
1) Assess their own current business development process and determine in what areas, as it relates to holding their client teams accountable, they need to tighten up the process.
2) In addition, attendees should recognize instances where it is time to escalate any concerns to their executive team and should feel empowered to do so.
3) Finally, attendees should be able to use the example of a marketing campaign and to construct one of their own or infuse their own plan.

6/11 1:25PM2:40PM

ENG1911. Planning for Clients with a $2 million to $22 million Estate (EST, PFP, TAX)

Steve Siegel - President, The Siegel Group

This session will address how persons not likely to be federal transfer taxpayers should address their income tax and estate planning issues. We will address basis planning, key decisions to be made with existing planning and why and how it may need to be changed. We will address whether existing trusts and wills should be modified, and consider what should be done with a client's life insurance and retirement plans.

Learning Objectives:
1) Gain a general understanding of the best planning considerations and decisions for persons not likely to be federal transfer taxpayers.
2) Review a variety of planning techniques highlighting the importance of income tax planning in today's environment.
3) Address specific suggestions to be addressed with clients to update and improve their planning decisions.
4) Focus on techniques to develop income tax basis enhancement strategies.

6/11 1:25PM2:40PM

EST1914. Trusts and Flow Through Entities

In this intermediate/advanced session, attendees will learn about nuances related to a trust's investment in partnerships and S Corporations. Learning Objectives: 1) Determine how to report a variety of tax items that are specific to ownership of partnerships and S Corporations in a trust setting. 2) Learn about estate planning techniques with trusts and flow-through entities.

6/11 4:45PM6:00PM

ENG1915. Practical & Real Life Applications Involving Qualified Opportunity Funds (TAX, EST)

Kelly Allen - Owner, Level Advisors

This session will start with a review of the mechanical basics of Qualified Opportunity Funds (“QOFs”). From here an extended dialogue will be opened-up about real life and practical applications in using QOFs. Key areas will include: · The importance, complexities and practical difficulties of having other funds (e.g. non-eligible gains) in a QOF. · The Opportunity Fund market space and what it currently looks like- types of funds, sponsors, fund structures, etc. · Issues to consider in evaluating Opportunity Funds · Investment and financial planning considerations for the client considering these investments · An update on the gift and estate planning implications of holding QOF investment.

6/11 4:45PM6:00PM

TAX1911. Partnership Tax Update

Gary McBride - Emeritus Professor, California State University, East Bay

During this session, with respect to partnerships and partners, we will explore planning opportunities relating to the TCJA. Learning Objectives include:
- The new interest expense limit under section 163(j);
- Bonus depreciation strategies for partners.
- Maximizing the 199A deduction for partners.
- Centralized Partnership Audit Rule (CPAR) considerations
- Carried interest rules
- Other TCJA developments.

-- how section 163(j) impacts partnerships and partners.
-- how to maximize bonus depreciation for partners.
-- how partners can maximize the 199A deduction.
-- how to determine the optimal CPAR strategy.
-- how to avoid the carried interest rules.

6/11 4:45PM6:00PM

ENG1900. From Passion to Profession: How LPGA golfer Cristie Kerr turned her love of wine into Kerr Cellars - Presented by Chase Ink®

Cristie Kerr

In this exclusive women’s wine tasting and networking event, presented by Chase Ink®, world-renowned LPGA golfer, Cristie Kerr, will take us through her journey of turning her passion for wine into a successful business with the creation of Kerr Cellars, which launched in 2013.

In the first portion of the session, we will get to know Cristie as she shares her business and personal tips for success in a conversation with Megan Chandler, Executive Director of Marketing at Chase Ink. Following, Cristie will then lead an interactive wine tasting of her own vintages and share more on how to enjoy the finest wines.

Learning Objectives:

1) Insights around winning in business as a female entrepreneur
2) Identifying strength and weaknesses in building a winning team
3) Tips for creating and nurturing a culture of excellence

6/11 4:45PM6:05PM

PFP1928. Best Planning Ideas (Preceded by the Presentation of the 2018 Distinguished Service Award)

Ted Sarenski - CEO, Blue Ocean Strategic Capital
Steve Siegel - President, The Siegel Group
Lyle Benson - President, L.K. Benson & Company
Julie Welch - Shareholder and Director, Meara Welch Browne,P.C.

The Best Ideas Panel will pull together the best thinking from the first two days of the conference. We will give the attendees practical planning strategies that affect their clients that they can implement now. Topic will cover thought leadership in the income tax planning, estate planning, retirement and other areas as well as some of the general sessions. Our panel consists of individuals who are recognized experts in each area and consistently ranked as our top speakers at the conference. Learning Objectives:
1) Implementable best planning ideas from across all the sessions from the first two days of the PFP Conference.
2) Current topics including tax planning, estate planning, retirement, elder planning, and other financial planning topics will be presented in a practical format.

6/11 6:00PM7:00PM

Reception in Exhibit Hall

6/11 7:30PM10:30PM

ENGAGE @ Topgolf

Wednesday, June 12 2019

6/12 7:00AM7:50AM

ENG19SSK01. BONUS KEYNOTE: Scoring Big in Business - presented by Chase Ink

John Elway - Denver Broncos , General Manager and President of Football Operations

John Elway, Hall of Fame quarterback, General Manager and President of Football Operations for the Denver Broncos and entrepreneur, discusses how managing a football team is similar to running a business – and the secret to succeeding at both.

Learning Objectives:
1. Understanding the “mission critical” role CPAs and Accounting Professionals play in helping business owners make decisions that help their business
2. Tips on leadership, how to build the best team, ways to be more productive, stay inspired and grow your business

6/12 8:00AM9:15AM

ENG19K02. Reimagine

Barry Melancon - President and CEO, American Institute of CPAs CEO, Association of International Certified Professional Accountants , Association of International Certified Professional Accountants
William Reeb - CEO, Succession Institute,LLC

The digital era has brought about a blistering pace of change that’s only getting faster. It’s rapidly resetting consumer expectations and challenging organizations to disrupt themselves to remain relevant. And it’s bringing enormous opportunity for the accounting profession. To lead our clients and employers through these increasingly volatile times, we must open ourselves to new possibilities – reimagining the services and skills we offer to keep the profession vital and relevant well into the future.

You’ll learn:

1) The latest trends reshaping the accounting profession
2) How technology can enable us to enhance quality in existing service areas, and provide opportunity in new service areas our clients and businesses increasingly demand
3) How to evolve our skillsets to remain trusted advisors in an increasingly digital world

6/12 9:15AM9:40AM

ENG19WA01. AICPA & CPA Practice Advisor Top 25 Women in Accounting Awards

6/12 9:40AM10:30AM

ENG19K03. Leading Through Organizational Transformation — A Conversation With Simon Sinek

Simon Sinek - Optimist & Author
6/12 1:55PM2:45PM

TAX1915. Family Office - Hot Topics

Eric Johnson from Deloitte Tax LLP and Randy Abeles from RSM US LLP will cover recent hot topics for family offices, including recent case law and judicial activity, how the 2017 Tax Cuts and Jobs Act has impacted family offices, a review of family office entity selection (passthrough vs. C-corporation) in light case law and tax reform, and other relevant developments. Learning Objectives: 1. Consider recent case law and judicial developments impacting family offices 2. Understand how tax reform has impacted family offices 3. Identify considerations for family office entity selection in light of case law and tax reform 4. Recognize other relevant developments in the family office space

6/12 1:55PM2:45PM

ENG1923. How Emerging Technologies are Enhancing Tax Practices (TAX, PST)

Artificial intelligence (AI), blockchain, and big data are being heralded as the end of the accounting profession. This is definitely not true. These emerging technologies will actually increase the value of the services provided by accountants by removing the need to perform mundane transactional and basic compliance work. Firms need to develop an innovation strategy to transcend these emerging technologies and prepare their staff for the changes that are coming...and they are coming sooner than you think! Learning Objectives: 1. Understand how emerging technologies are going to impact the accounting profession 2. Identify the key considerations for enhancing your firm’s service offerings 3. Identify the training that your staff need to be ready to use emerging technologies and deliver enhanced services

6/12 3:00PM3:50PM

TAX1917. Depreciation and Cost Recovery Update

Nathan Clark - Partner, Dixon Hughes Goodman LLP

This session will cover major changes to depreciation, bonus depreciation and cost recovery. This session will also illustrate depreciation planning regarding the Sec. 199A pass-through deduction, Sec. 163(j) interest deduction limitation, and net operating losses.

1) Understand the changes to depreciation and cost recovery in effect for 2019

2) Understand the impact of claiming bonus depreciation on the Sec. 199A pass-through deduction, Sec. 163(j) interest deduction limitation, and net operating losses.

6/12 3:50PM4:50PM

Ask the Experts Networking & Exhibit Hall Break

6/12 4:50PM6:05PM

TAX1919. Dealing with IRS Representation

Eric Green - Partner, Green & Sklarz LLC

With more than 14 million taxpayer accounts in the Collection Division inventory and more than 7 million non-filers, the need for trained IRS Representation continues to grow. Add in the new focus on state and local tax exposure after recent court decisions, and practitioners have an opportunity to help taxpayers and expand their practice like never before. This program will explain to participants how they can make IRS Representation a part of their practice, resolve their client's worst tax nightmare, and generate more business.

Learning Objectives:
1. Understand the IRS enforcement priorities
2. Explain the issues clients face with increased collection enforcement 3. Describe the opportunities for CPAs to resolve their clients issue
4. Understand how representation can be part of a CPAs current practice

Thursday, June 13 2019

6/13 7:00AM7:50AM

TAX19ER03. 2019 Individual Tax Reform and Advocacy Updates

David Baldwin - Partner, Baldwin & Baldwin PLLC
Jennifer Korten - Principal, Kubo Korten PLLC
Jay Porter

Join members of the AICPA’s Individual and Self Employed Tax Technical Resource Panel (ISET TRP) for a debrief of how this past filing season went, along with a review of current legislation developments- including how the AICPA is working to advocate for our members and regulations for the Tax Cuts and Jobs Act. The panel will also cover new cases and revenue rulings, as well as report on significant code section cases that may affect your practice. Attendees are encouraged to bring their questions to the session as well as get feedback and tips on how to start planning now for a better 2020 filing season. After this session, you will be able to: - Identify legislative and regulatory tax developments in individual & self-employed tax area. - Identify emerging individual & self-employed tax policy and advocacy issues important to AICPA members.

6/13 8:00AM9:15AM

ENG19K04. Stress-Testing America's Prosperity

Zanny Minton Beddoes - Editor-In-Chief, The Economist

For years, America's economy has led the rest of the developed world, but will the U.S. remain the global dynamo or is the country’s ongoing recovery built on an unsustainable pile of debt? Minton Beddoes examines the economic outlook from American and global perspectives, offering up-to-the-minute insight on policy-makers' priorities and expertise on the likely direction of issues, ranging from job creation to the deficit's effect on global interest rates to potential financial regulation.

6/13 11:15AM12:05PM

TAX1923. Employee Stock Option Strategies

With a resurgence in technology and other business sectors, rewarding employees with company stock ownership is common. This session will sort through the alphabet soup of options: NSOs, RSUs, ISOs and ESPPs, and study the different tax treatments for each. You’ll come away knowing how to advise your clients on tax-advantaged strategies. Learning Objectives: 1. Decipher the different kinds of options 2. Identify when and how to use a Section 83(b) and 83(i) election 3. Master the interplay of AMT and the Minimum Tax Credit for ISOs 4. Gain useful planning strategies to advise your clients

6/13 1:15PM2:30PM

TAX1925. Like-Kind Exchanges

Marty Verdick - Senior Director, RSM US LLP

This presentation will focus on changes to the like-kind exchange rules as a result of tax reform, compare deferral of gain under Section 1031 vs. 1400Z (Qualified Opportunity Zone Fund) investments and problem areas frequently encountered in like-kind exchange transactions.

At the conclusion of this presentation, participants will be:
1. Better prepared to evaluate investments in Qualified Opportunity Zone Funds as an alternative to like-kind exchanges.

2. Participants will also be better prepared to address common problem areas encountered in like-kind exchange transactions.

6/13 1:15PM2:30PM

TAX1928. Real Estate Tax Update

As federal legislators adjust tax rules surrounding ownership and sales of real estate, it is important that CPAs stay up-to-date on real estate laws that may impact your clients. This course provides an update of real estate-related topics, including common areas of concern. You will learn what's new for rental real estate and passive activity rules; Sec. 1031 exchanges; online rental activities, Sec. 199A and more. Plus, you will take home valuable planning strategies for you and your realty clients. Learning Objectives: 1. Recognize how to treat vacation homes and second residences. 2. Determine what happens to suspended losses when a taxpayer dies, gifts or converts rental property. 3. Identify techniques for Sec.1031 exchanges. 4. Bring multiple Code sections together to pr

6/13 4:15PM5:05PM

EDG1923. Why do you Want to be a Manager? Tips to Transition into your New Leadership Role

Louis Griego - Senior Manager, Sandia National Labs

Why do you want to be a manager? Tips to transition into your new leadership role. You may be considering becoming a manager or you’ve been recently promoted. This change will shift your career focus from being an individual contributor to leading a team. As our focus changes, so must our attitudes and skills. We’ll talk about the transition to management and leadership and talk about some practical tools and focus areas to springboard you forward in your leadership journey.

Learning Objectives:
1) Learn how to shift your focus when you become a manager
2) Learn manager vs. leader areas of focus for new managers
3) Learn tools to help you move into your new role