Sessions | ENGAGE 2020

Sunday, June 9 2019

6/9 1:00PM5:00PM

EST19101. Basic Estate Planning Workshop

Paige Goepfert - Director, Andersen Tax LLC
Missia Vaselaney - Attorney, Taft Stettinius & Hollister, LLP
Gary Zwick - Partner, Walter Haverfield LLP

This workshop will provide a foundation in estate planning that you cannot get elsewhere.

You will:
1. Hone your skills in communication, networking and building client rapport
2. Build your basic knowledge through practical applications of wills, trusts, property law and estate planning concepts — the knowledge foundation a practitioner needs to succeed in an estate planning practice.

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 2:45PM4:00PM

PFP19001. (Repeat of ENG1936) A First Look at IRA Life Expectancy Payout Changes Under the "Secure Bill" and the Best Ideas so Far (PFP, EST, TAX)

Robert Keebler - Partner, Keebler and Associates, LLP

In the biggest bill for retirement planning in years, Congress is poised to change the law for life expectancy payouts to either a five- or ten-year payout. This legislation has strong bipartisan support and is supported by the President.

Advisors, CPAs and lawyers will need to quickly pivot with innovative strategies for this new paradigm. If you wait until this bill is signed before beginning to pivot you will miss the 2019 planning opportunities. This class will cover:

1) Understanding the change in life expectancy payouts on traditional and Roth IRAs

2) Impact of the loss of deferral and bracket compression on wealth transfer planning

3) Using CRTs to maintain deferral and bracket management - the law and the math

4) Roth conversions for better bracket management and greater wealth transfer

5) Designing IRA trusts and the terrible payout result with RMD conduit trusts - the law and the math

6) Using IRA trusts in low tax states to achieve state tax savings by avoiding or delaying the state taxation of the lump sum payout

7) Using single life insurance to enhance bracket management - the unbiased math

8) Using Second-to-Die insurance to increase wealth transfer

9) Urgent action steps for ill and dying clients including avoiding conduit trusts and using out of state trusts.

10) Charitable strategies for the mass-affluent and the wealthy

6/9 5:10PM6:00PM

EST1901. Planning for the Non-Taxable Estate

Paul Lee - Global Fiduciary Strategist, Northern Trust Company

This presentation will discuss how tax advisors should tell their their wealthy (but not ultra-wealthy) clients who no longer have a Federal estate tax problem because of the very high (and temporarily doubled) applicable exclusion amounts. It will discuss estate and income tax planning techniques in light of estates of varying sizes, the risk of expiring exclusions, the “clawback” regulations, and state income and death tax considerations.

Learning Objectives:
1. When (and how) should clients make large taxable gifts?

2. How to build flexibility into client plans if tax laws change.

3. Techniques that maximize income tax savings when transfer taxes are no longer a problem.

Monday, June 10 2019

6/10 7:00AM7:50AM

PFP19SS02. The Truth About Annuities: Dispelling the Myths and Misconceptions - Sponsored by Prudential Annuities

Brandon Buckingham - VP, Advanced Planning, Prudential

Annuities have had their share of detractors over the years. The reality is annuities currently serve a critical purpose for millions of Americans – adding a level of security, while helping alleviate some of the financial worry for the future. This presentation will address:
1) Common objections to annuities including cost, complexity, liquidity and tax considerations
2) The benefits of annuities including a discussion of some of the protective features offered by annuities today
3) The value of incorporating guaranteed income into a comprehensive retirement income plan.
Learning Objectives:
1) Provide several actionable talking points to help advisors understand and overcome common objections to annuities and start the important conversation about retirement income planning
2) Help inform investors to be in a better position to determine whether an annuity makes sense as part of their overall financial plan

6/10 7:00AM7:50AM

EST19ER02. Basic Estate Planning Q&A

Paige Goepfert - Director, Andersen Tax LLC
Missia Vaselaney - Attorney, Taft Stettinius & Hollister, LLP
Gary Zwick - Partner, Walter Haverfield LLP
6/10 7:00AM7:50AM

EST19ER01. Running the Numbers

Steve Bigge - Partner, Keebler and Associates, LLP

While the increased estate tax exemption has virtually eliminated all taxpayers from being subject to the estate tax, there are still some non-estate tax reasons for engaging in various estate planning techniques. During this session, we will discuss the following estate planning techniques and outline ways to make them more effective.
• Tax exclusive nature of gift taxes
• Leveraging of the GST exemption
• Grantor Retained Annuity Trusts (GRATs)
• Installment sales to Intentionally Defective Grantor Trusts (IDGTs)
• Self-Canceling Installment Notes (SCINs)
• Private annuities

Learning Objectives include:
1. Understand the importance of running the numbers in developing and communicating planning techniques for clients
2. Discover ways to minimize income, estate and gift taxes
3. Recognize methods to maximize benefits to children and family
4. See how to take full advantage of the currently low interest rates

6/10 8:00AM8:50AM

ENG19K001. The View from the IRS

Charles P. Rettig - Commissioner, Internal Revenue Service

Join Charles Rettig as he discusses his opening months as IRS Commissioner. He will touch on:
- His top priorities
- The impact of TCJA
- IRS Modernization efforts
- How AICPA members can work with the IRS to help improve the nation’s tax system

Learning Objectives:
1) Learn the current issues of the IRS so you can better serve clients
2) Learn the intricacies of the relationship between the IRS and the accounting profession

6/10 9:05AM10:45AM

EST1902. Estate Planning Update

Andy Katzenstein - Partner, Proskauer Rose LLP

This program will review recent changes in the estate, gift and generation-skipping tax rules, and provide updates on state law income tax of trust cases.

Learning objectives:

1. Understand recent tax law changes related to estate, gift and generation-skipping tax rules.
2. Become aware of planning opportunities associated with the expected reduction in the unified credit.
3. Learn about a recent Supreme Court case regarding the ability of a state to tax income of a trust based on the residence of its beneficiaries that could change the ability of states to collect such tax.

6/10 11:15AM12:05PM

EST1903. Basic 706 Preparation: Common Errors

Mary Kay Foss - Owner, Mary Kay Foss CPA
Donita Joseph - Partner, Windes,Inc.

Preparation of Form 706 is becoming a lost art. IRS inspects every return that is filed. You don't want to look like a rookie - prevent that by avoiding common errors.

Learning Objectives:
1. Identify presentation methods that clearly describe assets and valuation

2. Understand how recent developments affect Form 706 preparation.

6/10 11:15AM12:05PM

EST1904. Decanting

Kristen Simmons - Member, Oshins & Associates LLC
Courtney McCandless - Attorney, Oshins & Associates,LLC
Heidi Freeman - Member, Oshins & Associates,LLC

In the Decanting Session, the speakers will discuss how to utilize decanting to make trusts more efficient for creditor, estate and income tax purposes. Specifically, the speakers will discuss trust design that is most advantageous for creditor, income tax and estate tax protection, and how an otherwise irrevocable trust can be improved through decanting.

Learning Objectives:
1) Review the process of decanting and different state law approaches to decanting
2) Review what can and cannot be accomplished through decanting depending on state law.
3) Review optimal trust design for creditor, income tax and estate tax purposes
4) Review decanting case studies.

6/10 11:15AM12:05PM

EST1905. Communicating the Estate Planning

Lisa Featherngill - Head of Legacy and Wealth Planning, Abbot Downing
Amy Jucoski - Managing Director, Legacy and Wealth Planning, Abbot Downing,Wells Fargo

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 11:15AM12:05PM

ENG1901. Estate Planning for IRAs (EST, PFP)

Jeff Levine - Director of Advisor Education, BluePrint Wealth Alliance / Kitces.com

Despite the fact that Americans hold nearly $30 trillion in retirement assets, and that those assets often make up a substantial portion of an individual’s net worth, IRAs and other retirement accounts continue to be ignored or insufficiently addressed within many estate plans. Left unaddressed, this planning gap can result in unnecessary taxation, the loss of valuable tax deferral, exposure of assets to “angry” creditors, and other harmful, wealth-sapping effects. The flip side of that coin, however, is that advisors who take proactive steps now to address the unique estate planning issues retirement accounts present can add substantial value for clients, and can effectively position themselves for the veritable tsunami of retirement assets that will be transitioning between generations in the coming years

1) Gain an understanding of post-death payout rules and analyze the planning strategies beneficiaries can use to make the most of their inheritance
2) Learn the key rules that apply when naming a trust as the beneficiary of an IRA
3) Understand how to choose the “best” way for a surviving spouse to handle retirement assets
4) Explore the surprisingly complex interaction of state and Federal laws governing retirement account property rights

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 events...like 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 3:05PM3:30PM

ENG19PV01. Data Analytics Learning Program

Ashley Matthews - Senior Technical Manager - Professional Development, Association of International Certified Professional Accountants

With the deluge of data being collected by organizations and the desire to unlock meaningful business insights, data analytics is not just a trending topic, it is a critical skillset for success in today's business environment. To get the most out of data sources, enterprises need to have a team(s) with strong analytical skills to successfully unlock hidden organizational value. Given the shortage of talent to meet this growing demand, there is vast opportunity for accounting and finance professionals to expand their existing analytical skills to meet this need.

Join this session to learn about the AICPA's Data Analytics Learning Program

6/10 3:45PM4:35PM

EST1906. Intra-Family Loans and Notes

James Hogan - Managing Director, Andersen Tax

Transfer tax issues pertaining to loans between family members. What practitioners should be aware of and what the Internal Revenue Service looks for when examining intra-family loans.
1. What provisions should be included in notes between family members.
2. What issues need to be addressed after the note is executed.

6/10 3:45PM4:35PM

EST1907. IDIT's and BDIT's and BDOT's. What Works, and Why?

Marv Hills - Partner , Crowe LLP

The Beneficiary-Deemed-Owned Trust (BDOT) is a relatively recent development among estate planning techniques. It has some characteristics similar to an Intentionally Defective Irrevocable Trust (IDIT), and others that are like a Beneficiary Defective Inheritor’s Trust (BDIT). However, it works in a different way, and is useful in different situations. The beneficiary can sell assets income-tax-free to the trust (like an IDIT), but the initial funding of the trust is not limited to $5,000 (as is true of a BDIT).

Learning Objectives:
(1) To show the participants which specific tax laws are utilized so that the BDOT technique achieves "Grantor Trust" status, so that the beneficiary becomes taxable on the activity of the trust.
(2) To explain when the BDOT technique is useful, which clients will find it appealing, and what situations need to exist before this technique should be presented as an opportunity for clients.

6/10 3:45PM4:35PM

ENG1902. Advising Clients through Life's Toughest Times (EST, PFP)

Amy Florian - CEO, Corgenius

You know what to do with money. How many times do you wonder what to say to the client? When clients cope with death, divorce, retirement, empty nest, or other life transitions, what you say and do in the office has more influence on your client relationship than your financial savvy ever did. Understand how to answer the dreaded “bad news” phone call, the unique issues that your clients face and the best ways to communicate at appointments and on the phone. Find out how to handle a crying client and whether the stages of grief are applicable. Gain skills to deal with irrational fears, bring humor into meetings, and help clients make wise decisions in the midst of loss. Walk away with practical, proven strategies that you can implement immediately. Learning Objectives:
1) Learn the most important principles of grief support, what questions to ask a grieving client, and how to support clients in transition without intruding into their personal lives.
2) Reinforce the value of life insurance and gain some tips on introducing the topic to clients.
3) Understand why the “stages of grief” are insufficient knowledge and what to expect instead from grieving clients and family members.
4) Gain skills for handling client fears, establishing empathetic bonds, and building long-term loyalty.
5). Learn what to say at funerals and services to offer genuine comfort to clients.
6) Develop a variety of ways to supportively follow up in the year after a death in a client’s family, including what to write in a condolence card.
7) Discover how to check in with clients on the level and type of support you are providing.

6/10 3:45PM4:35PM

ENG19OV01. Association and CPA.com Startup Accelerator: Investing in Innovation

Kacee Johnson - Strategic Advisor, CPA.com
Blaine Bertsch - Co-Founder and CEO, Dryrun
Mark Brooks - Associate Director, Innovation & Strategic Partnerships, Association of International Certified Professional Accountants
Judie McCarthy - Co-Founder, Client Hub
Jotham Ty - Founder and CEO, Gappify

The Association (unified voice of AICPA & CIMA) and CPA.com launched a shark-tank style startup accelerator two years ago with a focus on FinTech and EdTech. Its purpose is to foster innovation in the profession and provide members, the Association, and CPA.com more visibility into disruptive trends and emerging technologies. In this session, you will hear from the 2019 cohort – 3 startup companies that have a leading role in client workspace solutions, cash flow management and accounting task automation.

During this session you will:
1) Discover trends in FinTech that are impacting the profession and your role
2) Hear from the front lines of disruption
3) Learn about the 3 startups that are members of the second cohort of the Association and CPA.com Startup Accelerator - https://www.aicpa-cima.com/accelerator
4) Get inspired to rethink how you can leverage financial and educational technology.

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

EST1908. DNI Bootcamp

Jeremiah Doyle - Senior Vice President, BNY Mellon Wealth Management

Distributable Net Income (DNI) is the lifeblood of the distribution system applicable to trusts and estates. This session will begin by reviewing what DNI is, how it is calculated and why it is important. After reviewing three example of how DNI is calculated we will review how DNI is allocated between the trust/estate and its beneficiaries, how specific bequests are treated, the operation of the tier system and separate share rule, the Section 643(e) election and how capital gains are treated in the calculation of DNI. We will also discuss how income from pass-through entities owned by a trust/estate are handled for purposes of calculating DNI. This session is designed to give the practitioner a basic to intermediate understanding of the operation of the distribution system of trust and estate and how DNI is reported on the Form 1041 and the Schedule K-1.

Learning Objectives:
1. Learn the basic concepts in the calculation of DNI

2. Learn the rules for including capital gains in DNI

3. Learn how to calculate DNI and report it on the Form 1041

6/10 4:50PM6:05PM

EST1909. Charitable Gifts of Business Interests

Christopher Hoyt - Professor, Univ of MIssouri (Kansas City) Law School

This session is an overview of the advantages of giving appreciated stock to charity, with considerable time devoted to the challenges and solutions when donors own S corporation stock or LLC interests.

Learning Objectives:
1. Understand the tax advantages of donating appreciated C corp stock to charity, rather than donating cash
2. Understand why S corporation stock and LLC interests do not provide the same advantages as C corp stock, and learn the best way for owners of such interests make charitable gifts.

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.

6/10 4:50PM6:05PM

EST1910. Life & Death Tax Planning for Annuitites

Michael Kitces - Publisher | Partner, Nerd's Eye View | Pinnacle Advisory Group

As the use of annuities increases, particularly amongst baby boomers planning for retirement, professional advisors face more and more situations where they must properly report on and plan for annuity transactions. However, annuities are subject to unique rules of taxation. In this session, we will cover the income and estate tax treatment of deferred annuities during life and death, with a particular focus on the complex rules and significant areas of ambiguity that apply to post-death distribution requirements from deferred annuities, and including some of the latest IRS rulings! Learning Objectives:
1) Distinguish between the various types of annuities and, in particular, the various types of deferred annuities while pointing out the parties to the contract. -
2) Explain the tax treatment characteristics of deferred annuities while the owner is alive. List the exceptions to tax-deferral and how partial withdrawals differ from full surrenders.
3) Understand the tax treatment of deferred annuities upon death of the owner and how the estate tax is valued along with the post-death distribution requirements.
4) Define and explain how Income in Respect of a Decedent (IRD) works, when a deferred annuity gets a step-up in basis, and how post-death 1035 exchanges by beneficiaries work.
5) Be able to identify and address the unique, complicated problems that occur when a deferred annuity owner passes away.

Tuesday, June 11 2019

6/11 6:30AM6:55AM

ENG19VCC1. Is your tax practice future-ready?

Lyle Benson - President, L.K. Benson & Company
Dan Snyder - Senior Manager - Personal Financial Planning (PA) Advisory Services and Credentialing, Association of International Certified Professional Accountants

Be ready to take the next step in addressing your clients’ tax and planning needs. Your individual, family, and business owner clients’ needs are changing, and they need you now more than ever. Now that the rush of tax season is over, you can turn your attention to some planning of your own. Have you thought about formalizing financial planning in your practice? In this chat, Lyle Benson, CPA/PFS will share
1) How to position your firm securely for the future for your clients, the services you offer, and your current and future staff
2)What the landscape is and why this window of opportunity is important to you and your clients
3) How to position yourself as your clients’ primary point of contact
4) How to deepen your relationship with your clients to have a meaningful impact on their financial lives

6/11 6:30AM6:55AM

ENG19VCC2. Are You Guiding Your Clients Towards a Bright Future? Position Yourself as a Valued Retirement Adviser

Matthew Brock - District Sales Manager, Paychex

Advising your clients on their plans for retirement is more than just setting aside money in an IRA. Find out how to guide them through the important conversations about retirement plans including unique ways to save on taxes, attracting and retaining quality talent, and meeting fiduciary requirements. As your business clients’ most trusted advisor, you are well positioned to help guide them toward a dignified retirement.

Join our session to uncover critical retirement strategies and opportunities to further assist your clients in achieving their financial goals.
1) Review current state of retirement readiness and the regulatory environment
2) Compare features and options to maximize savings potential
3)Highlight the exclusive benefits provided by the AICPA to help you and your clients prepare for retirement security

6/11 7:00AM7:50AM

EST19ER03. AICPA Trust, Estate and Gift Tax Technical Resource Panel Update and Q&A

Mary Kay Foss - Owner, Mary Kay Foss CPA
Eileen Sherr - Senior Manager - AICPA Tax Policy & Advocacy, Association of International Certified Professional Accountants
Ted Batson - Partner/Tax Counsel, CapinCrouse LLP
Jennifer Einziger - Senior Manager, Ernst & Young LLP
Justin Ransome - Partner, EY
Peggy Ugent - Retired, Giordani, Swanger, Ripp & Jetel, LLP

This discussion covers AICPA tax advocacy efforts regarding legislative and regulatory proposals and developments in trust, estate and gift tax. The AICPA Trust, Estate and Gift Tax Technical Resource Panel (TRP) of experts will answer questions about the latest developments. Attendees will have the opportunity to exchange ideas with the TRP representatives and their conference peers.

Learning Objectives:
1) Become familiar with the latest developments and emerging issues in the trust, estate and gift tax areas,
2) Learn what the AICPA is advocating for members with the IRS, Treasury and Congress in the trust, estate and gift tax areas,
3) Learn about various legislative and regulatory proposals and the potential impact on one’s practice in the trust, estate and gift tax areas.

6/11 7:00AM7:50AM

PFP19SS04. Frequently asked Questions on Private Real Estate vs Qualified Opportunity Zones - presented by JVM Realty Corporation

Steve Meyer - Chief Investment Officer, JVM Realty Corporation
Maureen Reichert - Partner, Rubin Brown, LLP

Session Description:
Investments in Qualified Opportunity Zones (QOZ’s) are the current hot topic that everyone is talking about. They allow for the realization of a capital gain while deferring the payment of taxes on the gain in exchange for making a new investment in a qualified fund. The gain eligible for deferral can be from any source; the sale of stocks, a business, appreciated real estate, etc.

Is it as simple as it sounds? What are the real economics and requirements? What are the fees, costs, tax savings and time value of money? How does investing in a QOZ compare with the other tax advantaged alternatives?

Learning Objectives:
What are the tax benefits of this relatively new regulation?
What is required to qualify?
What are the likely costs and fees?
Are there any downsides?

6/11 7:00AM7:50AM

PFP19SS03. Key Challenges and Solutions to Achieve Financial Wellness – Presented by Prudential

Julie Brandon - VP, Head of Financial Wellness Distribution, Prudential

Description:
1) Expert insight into the financial challenges impacting American consumers today including student loan debt, retirement, insurance concerns, etc.
2) Understanding financial wellness and its impact
3) Solutions to help address the most pressing financial challenges

Objectives:
1) Understand the financial challenges individuals are facing today
2) Learn about solutions that can help address the most pressing financial challenges facing American consumers
3) Identify ways to help empower individuals to synthesize and reflect on one’s own financial profile and develop a personalized financial roadmap

6/11 8:00AM9:15AM

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

Robert Keebler - Partner, Keebler and Associates, LLP

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

EST1911. Different Ways to Bump up Your Cost Basis

Jeremiah Doyle - Senior Vice President, BNY Mellon Wealth Management
Robert Keebler - Partner, Keebler and Associates, LLP

The increase in the federal estate tax exemption means that very few estates will actually pay an estate tax. However, the ability to “step-up” the cost basis of assets under Section 1014 is still available and can result is significant income tax savings. This session will explore the how to structure estate plans to take maximum advantage of the Section 1014 basis increase. We will discuss the techniques that can be used to get an increase in cost basis for assets held in irrevocable trusts and what trust provisions CPAs will encounter going forward. Among the topics discussed will use of flexible discretionary provisions in trusts, use of formula general powers of appointment tailored to make the most efficient use of the basis step-up and an overview of the Delaware tax trap as a basis adjustment technique.

Learning Objectives:
1. Learn how Section 1014 basis adjustment works and its pitfalls
2. Learn how formula general powers of appointment will be drafted into trust documents, what they mean, why they are included in the trust document, how to recognize the language and how they operate to generate a basis adjustment.

6/11 10:35AM11:00AM

ENG19PV04. Overview: Personal Financial Planning Certificate Program (EST, PFP, TAX)

Megan Johnson - Association of International Certified Professional Accountants
Dan Snyder - Senior Manager - Personal Financial Planning (PA) Advisory Services and Credentialing, Association of International Certified Professional Accountants
6/11 10:35AM11:00AM

ENG19SC01. Sponsor Chat Lobby: Abacus Next

Phillip S. Phares - Director of Education, Abacus Next

Join Abacus Next team members in a text chat discussion about services and products that may be of interest to you.  They will also be able to address any questions that you may have.  (Not eligible for CPE).

6/11 11:20AM12:10PM

ENG1907. How to Move to a Zero-Tax State (TAX, PFP, EST)

Mark Klein - Esquire, Hodgson Russ LLP

The impact of the Tax Cuts and Jobs Act (TCJA) on the deductibility of state and local taxes has created an additional incentive for taxpayers in high-tax states to move to a low or no-tax state. This session will help participants to:

1) Identify the rules used throughout the United States to get a state to accept a taxpayer’s change of residency;
2) Discuss planning opportunities and traps for the unwary; and
3) Understand the income and other tax implications of changing residency.

6/11 11:20AM12:10PM

ENG1908. 2019 and Beyond - Life Insurance Planning Opportunities You Need to Know (EST, TAX, PFP)

Todd Steinberg - Partner, Loeb & Loeb LLP

This presentation will provide insights into current and likely future planning opportunities with life insurance. We will discuss why insurance is an important asset in a client's balance sheet and how to properly analyze and implement (or refine) wealth transfer strategies that utilize (or already own) insurance. We will conclude with a discussion about how the future in insurance solutions is not bleak but rather exciting and challenging.

Learning Objectives:
1. Understanding the importance of analyzing insurance and the importance of working collaboratively with other allied professionals.

2. Potential sales ideas for current and future insurance needs and opportunities.

3. Wealth transfer opportunities, utilizing insurance, for 2019 and beyond.

6/11 11:20AM12:10PM

EST1912. Trusts and 199A

Jeremiah Doyle - Senior Vice President, BNY Mellon Wealth Management
Robert Keebler - Partner, Keebler and Associates, LLP

An estate or trust operating a business as a sole proprietor or holding an interest in a partnership or S corporation is eligible for the Section 199A deduction. This session will discuss how the Section 199A deduction applies to estates and trusts, how to allocate qualified business income, W-2 wages and unadjusted basis between the entity and it beneficiaries. The session will also discuss the Section 643(f) anti-abuse regulations and how the Section 199A deduction applies to grantor trusts, charitable remainder trusts and electing small business trusts.

Learning Objectives:
1) Learn how to allocate qualified business income, qualified business income and unadjusted basis between the entity and the beneficiaries.
2) Learn how the Section 199A deduction applies to grantor trusts
3) Learn how charitable remainder trusts and electing small business trusts may be affected by the Section 199A deduction

6/11 11:20AM12:10PM

EST1913. CRT Compliance

Ted Batson - Partner/Tax Counsel, CapinCrouse LLP

This session will review key compliance considerations in the formation and administration of charitable remainder trusts. Topics will include suitability, selecting the proper CRT format, administration, and tax return preparation.

Learning Objectives:
1) Identify which CRT format is most suitable for a client;
2) Apply compliance considerations to day-to-day CRT administration; and
3) Explain the key components to properly preparing Form 5227

6/11 12:25PM1:15PM

EST19NL01. Donor Advised Funds vs Private Foundations vs Supporting Orgs

Ted Batson - Partner/Tax Counsel, CapinCrouse LLP

In this session we will:
1. Explore the distinctive features of each of these philanthropic giving techniques and
2. How and when to use each one
Pre-registration is required for these lunch sessions – seats are limited.

6/11 12:25PM1:15PM

EST19NL02. Estate Planning & Hollywood

Missia Vaselaney - Attorney, Taft Stettinius & Hollister, LLP

Get ready for your close-up and take a fun and education break from the conferences more technical sessions to find out how estate planners can use movies to illustrate estate planning concepts to clients and move the process forward.

Learning Objectives:
• An evaluation of Hollywood’s portrayal of estate planners, and estate and probate matters
• An evaluation of Hollywood’s effect on popular culture and client expectations
• Advice on how estate planners can use movies to illustrate estate planning concepts to clients and move the process forward

Pre-registration is required for these lunch sessions – seats are limited.

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

Paige Goepfert - Director, Andersen Tax LLC

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 1:25PM2:40PM

EST1915. GST Tax Planning, Pitfalls & Pointers

Julie Kwon - Partner, McDermott Will & Emery LLP

A properly prepared and timely filed gift tax return that reports transfers, allocates GST exemption and makes relevant elections often effectuates or preserves intended GST tax planning. Conversely, oversights may preclude or undermine the plan and waste GST exemption. This program will provide practical guidance regarding preparation of the Form 709 and related notices of allocation and election statements to note common errors, recommend best practices and review options to address prior mistakes.

Learning Objectives:
1) GST tax rules governing allocations of GST exemption
2) Preparation of Form 709 gift tax returns and related GST elections.

6/11 3:40PM4:30PM

EST1916. Gift Tax Returns (Advanced Detail)

Jennifer Einziger - Senior Manager, Ernst & Young LLP
Justin Ransome - Partner, EY

This session will address advanced issues to consider when preparing gift tax returns. Topics will include charitable contributions, Crummey withdrawal powers, gift-splitting, GST elections, tracking GST exemption and inclusion ratios, PLR 75-25, voided allocations, trusts that are neither direct nor indirect skips, skip persons as Crummey withdrawal powerholders, life insurance trusts and GST, amending gift tax returns, and the adequate disclosure rules.

Learning Objectives:
1. Participants should be able to properly report complex gifts on gift tax returns.
2. Understand the implications of GST elections and the adequate disclosure rules.

6/11 3:40PM4:30PM

EST1917. Business Succession Planning Part 1

Gary Zwick - Partner, Walter Haverfield LLP
David Johnson - Senior of Counsel, McDonald Hopkins

These Sessions examine critical elements
of the succession plan, including:
• Preliminary planning considerations
• Ownership and management succession
• Key employee compensation
• Equalization among children
• Transferring the business and other assets
• Creative techniques
• Role of charitable giving/Insurance
• Balancing Income tax and transfer tax planning

Learning Objectives:
1) Examination of the preliminary planning considerations in developing a succession plan (that are often overlooked)
2) Examination of non family key employee considerations and associated succession planning techniques, including compensation planning
3) Examination of income and estate tax planning considerations and associated techniques to consider in succession planning

6/11 3:40PM4:30PM

EST1918. Estate Planning in the 21st Century: Digital Assets and Cryptocurrencies

Ryan Firth - Founder and President, Mercer Street Personal Financial Services

Did you know that the Internet turned 30 years old this year? As we move further into the 21st century, more and more of our lives are transitioning to the digital realm--for better or worse. This session will cover digital legacy planning topics that estate planners and financial planners should be aware of when working with clients; particularly if those clients hold cryptocurrencies.

Learning Objectives:
1. Understand best practices advisers and clients should adhere to with respect to storage and safekeeping of digital assets.
2. Identify elements of a sound digital asset access and transfer plan

6/11 4:45PM6:00PM

EST1920. IRS

Lisa Piehl - Program Manager, Estate and Gift Tax Policy, IRS

This session will discuss compliance activities within the estate and gift area.

Learning Objectives include:

• Scope and nature of IRS examinations

• Recent developments at the IRS

• Recent changes in processing locations at the IRS

• Recent Gift Tax Surveys from the IRS

6/11 4:45PM6:00PM

EST1921. Review of Documents

Missia Vaselaney - Attorney, Taft Stettinius & Hollister, LLP

Gain practical and useful knowledge of estate planning documents.

Learning Objectives:
• Review actual paragraphs from wills and trusts
• Discuss tax and non-tax issues
• Obtain a checklist of specific items to address with clients

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 4:45PM6:00PM

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

Lisa Featherngill - Head of Legacy and Wealth Planning, Abbot Downing
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

EST1919. Business Succession Planning Part 2

Gary Zwick - Partner, Walter Haverfield LLP
David Johnson - Senior of Counsel, McDonald Hopkins

Continuation of Business Succession Planning Part 1

These Sessions examine critical elements
of the succession plan, including:
• Preliminary planning considerations
• Ownership and management succession
• Key employee compensation
• Equalization among children
• Transferring the business and other assets
• Creative techniques
• Role of charitable giving/Insurance
• Balancing Income tax and transfer tax planning

Learning Objectives:
1) Examination of the preliminary planning considerations in developing a succession plan (that are often overlooked)
2) Examination of non family key employee considerations and associated succession planning techniques, including compensation planning
3) Examination of income and estate tax planning considerations and associated techniques to consider in succession planning

6/11 6:15PM6:40PM

ENG19EL02.5. What's keeping your clients up at night? (EST, PFP, TAX)

Susan Tillery - President , Paraklete Financial,Inc.
Dan Snyder - Senior Manager - Personal Financial Planning (PA) Advisory Services and Credentialing, Association of International Certified Professional Accountants

Clients’ needs and expectations continue to change. Are you doing all that you can to make sure you are still their go-to adviser? In this session, hear Susan Tillery, CPA/PFS and Dan Snyder, CPA/PFS, speak about the demographic shifts and changing client expectations and how you can continue to serve their needs. Susan will also demonstrate how she uses the Personal Finance Scorecard to find out what really is on her clients’ minds.

Learning Objectives:
Gather information about key trends and demographics that impact clients today.
Uncover the latest data which leads to changing needs.
Learn how to use the Personal Finance Scorecard to serve clients.

Wednesday, June 12 2019

6/12 6:30AM6:55AM

ENG19VCC3. Stop Overworking Prep, Comp, Review

Tyler Anderson - Manager of Audit Innovation, Accountability Plus

In this chat, we will dig into reasons firms tend to overwork prep, comp and review engagements along with some strategies and technology that can help get your firm delivering high quality financial statement services as efficiently as possible.

Objectives:
• Identify places where you might be overworking engagements
• Identify action steps to take to better balance quality and efficiency in these engagements

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 10:45AM11:10AM

ENG19EL01.6. Financial Planning and the Future CPA - presented by eMoney

Celeste Hernandez Revelli - Director, Financial Planning, eMoney

As client experience demands for planning services increase and industry pressures to stay competitive in the digital age persist – CPAs are turning to Financial Planning and finding success. Join eMoney’s Director of Financial Planning, Celeste Hernandez, CFP® as she uncovers the important role planning will play in the future success of CPAs and how shifting your focus today can mean transformational growth for your business.  

6/12 10:45AM11:10AM

ENG19SC03. Sponsor Chat Lobby: Paychex

Jessica Battaglia - Human Resources Consultant, Paychex
Margie Bassford - Human Resources Consultant, Paychex

Join Paychex HR Professionals in an online chat, where you can submit questions and stay informed as Paychex responds to inquiries about solutions that help make payroll, HR, benefits, and insurance simple for your clients. (Not eligible for CPE).

6/12 11:30AM12:45PM

EST1922. Kaestner Trust Case

Jeremiah Doyle - Senior Vice President, BNY Mellon Wealth Management
Mary Kay Foss - Owner, Mary Kay Foss CPA
Robert Keebler - Partner, Keebler and Associates, LLP
David O'Neil - Partner, Debevoise & Plimpton
Anna Moody - Partner, Debevoise & Plimpton

Join the counsel who argued and litigated the Kaestner case this year in the Supreme Court for a discussion of what the future holds for state taxes on trust income. Kaestner presents the question whether a State may tax all of the undistributed income of a trust based solely on the fact that a contingent beneficiary lives in that State. It not only implicates basic issues of fairness and due process, but also will have profound effects on the way in which states try to collect taxes on income that accumulates in trusts.

Learning Objectives:
1. Learn about the current landscape of state trust taxation and the ways states approach this issue.
2. Learn about the due process limits on the ability of states to tax nonresident trusts.

6/12 1:00PM1:25PM

ENG19EL01.7. Preparing for Outlier Events That May Trigger the Next Bear Market, presented by Fox Financial

Deborah Fox - CEO & Founder, Fox Financial Planning Network

Most advisors and their clients understand we have now experienced a bull market for over a decade. Since the markets are cyclical, we know an imminent bear market is on the horizon. No one can pinpoint when it will arrive. However, both advisors and clients can prepare ahead of time so when the bear market comes growling and baring its teeth, there is a specific, well thought out plan in place to be implemented to keep both advisors and their clients as calm as possible, as well as preventing catastrophic losses. This session will be presented by Deborah Fox, an advisor who has personally dealt with three bear markets over the past thirty years. During the 2007-08 financial crisis, she guided her clients to escape the large losses that most investors experienced. Since then, she has developed a system and checklist to keep both her and her clients as calm and rational as possible during scary times when a negative outlier event arrives. Deborah will share her Outlier Bear Market Checklist with you and provide you with options for how you can expertly guide your clients to make good decisions during tumultuous times. Preparing ahead for the next inevitable stock market decline will empower you and your team and demonstrate to your clients that you stand out as an advisory firm (and may very well get you some referrals)! Deborah Fox CEO & Founder of Fox Financial Planning Network for CPAs PFP Section Partner & Presenter for “Building a Tax & Financial Advisory Business” Workshop Founder & Senior Advisor of Essential Planners A Flat Fee Wealth Management Firm Financial Advisor since 1987.

Learning Objectives:
1. Help advisors and their clients think through how to come up with a specific plan ahead of time for when the next Bear Market hits so they can keep their emotions in check.
2. Provide a checklist of suggested actions advisors can take when the next Bear Market arrives.
3. How to effectively communicate to clients during scary times.

6/12 1:55PM2:45PM

ENG1921. Planning for Aging & Ill Clients (EST, TAX, PFP)

Bernard Krooks - Founding Partner, Littman Krooks, LLP

This session will discuss issues of importance for your clients as they age, including issues relating to how to pay for illnesses, including long-term care. The speaker will address how to plan for incapacity and the various tools available to clients to protect their assets from the catastrophic costs of long-term care. The information learned at this session will be applicable to your entire client base and you will leave with an understanding of many helpful ideas and tools that your clients will appreciate. Learning Objectives:
1) To learn about issues of importance to clients as they age and become ill
2) To learn how to plan for incapacity and how to pay for long-term care.

6/12 1:55PM2:45PM

EST1923. Grantor Trust Rules and Planning

Steve Siegel - President, The Siegel Group

This session will address the grantor trust, and discuss the special rules that govern the grantor trust along with the tax and estate planning opportunities made possible using the grantor trust as a tax planning vehicle. Among the planning techniques discussed will be Living Trusts, Life Insurance Trusts, GRATs, QPRTs, Intentionally Defective Grantor Trusts and more.

Learning Objectives:
1) Gain an understanding of the grantor trust rules and how they determine how a person's income will be taxed and how their estate tax issues must be considered.
2) Address a wide variety of tax planning techniques unique to the grantor trust - learn how these techniques work and when best to use them.

6/12 1:55PM2:45PM

EST1924. Estate Freezes with 2701

Todd Angkatavanich - National Tax Principal, Ernst & Young, LLP

This program will contain a discussion of the technical provisions of Section 2701 including historical context and various planning pitfalls. It will also include a discussion of planning applications with Section 2701 including various Preferred Partnership applications, Carried Interest Transfer Planning including a discussion of Vertical Slice and Non-Vertical approaches and Profits Interests.

Learning objectives:

1. Gain an appreciation of Section 2701 technical provisions and policy rationale behind the statute.
2. Gain an awareness for the various different scenarios in which Section 2701 can trigger an unintentional deemed gift
3. Gain an understanding of different pro-active planning opportunities with Preferred Partnerships and other Section 2701 compliant vehicles

6/12 1:55PM2:45PM

EST1925. Practical Issues for Multi-National Planning

Peggy Ugent - Retired, Giordani, Swanger, Ripp & Jetel, LLP

This session will explore estate and income tax issues for U.S. and non-U.S. persons with cross-border family relations and cross-border investments.

Learning Objectives:
1) Familiarize attendees with U.S. taxation issues related to cross border activities.
2) Familiarize attendees with associated U.S. compliance requirements.

6/12 3:00PM3:50PM

ENG1924. Trusts from A to Z and Why They are Still Relevant (EST, TAX)

Missia Vaselaney - Attorney, Taft Stettinius & Hollister, LLP

This session will focus on the non tax advantages and tax advantages of using a trust in planning ones estate.

Learning Objectives:
1. Determine what type of trust may be necessary for a clients tax and non tax objectives to be achieved.
2. Learn how trusts can help avoid delay, save costs and provide security to a client's family.

6/12 3:00PM3:50PM

EST1926. Top Tax and Estate Planning Techniques after “Tax Reform” (Sorting Through the COVFEFE)

Paul Lee - Global Fiduciary Strategist, Northern Trust Company

Tax reform (whether you call it the “Tax Cuts and Jobs Act” or the “Tax COVFEFE and Jibberish Act”) is here to stay… sort of. Regardless, it’s clear that income tax planning, tax basis management, and planning with the temporary doubling of the applicable exclusion amount will be at the forefront of estate, tax, and family business planning.

This session will discuss straightforward and innovative planning opportunities for families (and their businesses) that best take advantage of both the “expiring” and “permanent” provisions of the new tax act, along with the latest IRS guidance and court decisions.

6/12 3:00PM3:50PM

EST1927. Estate Planning for Real Estate

Carl Fiore - Managing Director, Andersen Tax LLC

This session will review key considerations in estate planning for real estate. Topics will include life-time planning, estate tax considerations and post-mortem planning.

Learning Objectives
1) Identify common life-time planning techniques and considerations with real estate.
2) Understand estate tax issues regarding real estate.
3) Identify post-mortem planning and income tax issues regarding real estate.

6/12 3:00PM3:50PM

EST1928. Estate Planning for S. Corps / Trusts

Laura Howell-Smith - Managing Director, Deloitte Tax LLP

This session will discuss estate planning for S corporation shareholders and their trusts.

Participants will learn the following:
1. Types of permitted S corporation trusts
2. Whether an estate is a permitted S corporation shareholders
3. Consequences of a redemption of stock held by an estate
4. Tax Jobs and Cuts Act applicable provisions to S corporation estate planning issues

6/12 4:05PM4:30PM

ENG19EL01.8. Creating a better wealth experience with Stories, Sketches, and Scripts, presented by Loring Ward

Theron Schaub - VP, Strategic Relations, Loring Ward

Learn powerful Stories, Sketches, and Scripts that your clients can connect with. You will learn how to communicate and incorporate common investment principals in your client meetings and presentations. The principals include how to explain risk, diversification, how markets work, and the importance of having a financial advisor. You will walk away with simple drawings that tell a powerful story.

6/12 4:50PM6:05PM

EST1930. Estate Planning Speed Round

Mary Kay Foss - Owner, Mary Kay Foss CPA
Eileen Sherr - Senior Manager - AICPA Tax Policy & Advocacy, Association of International Certified Professional Accountants
Jennifer Einziger - Senior Manager, Ernst & Young LLP
Justin Ransome - Partner, EY
Steve Bigge - Partner, Keebler and Associates, LLP

This session covers four hot topics and developments in the areas of trust, estate and gift tax.
The four topics include:
1. Donor Advised Funds by Stephen Bigge
2. Sections 67(e)/67(g) by Justin Ransome
3. Trusts as S Corporation Shareholders by Jennifer Einziger
4. Qualified Charitable Distributions by Mary Kay Foss

The four experts will explain the issues and guidance you need to know to further help your clients in these four areas. The experts will cover and answer questions about the latest developments in the specific areas and atendees will have the opportunity to exchange ideas with the speakers and their conference peers.

Learning objectives:
• Become familiar with four of the latest developments and emerging issues in the trust, estate and gift tax areas.
• Learn what the IRS, Treasury and Congress have said and plan to do in the four areas,
• Identify planning opportunities and strategies that are relevant to one’s practice in the four areas covered.

6/12 4:50PM6:05PM

EST1931. Hot Topics in Estate and Gift Tax Audits and Litigation

John Porter - Partner, Baker Botts LLP

This session will:
1. Provide insight into current issues being raised by the IRS in audits of 706s and 709s and in transfer tax litigation

2. Provide guidance at the planning stage and return preparation stage to best position the client to deal with those issues.

6/12 4:50PM6:05PM

ENG1930. Advanced Post Mortem Estate Planning (EST, PFP, TAX)

Jeremiah Doyle - Senior Vice President, BNY Mellon Wealth Management

Often the most important planning takes place after the client dies. This session will discuss the various income tax, estate tax, fiduciary income tax and generation skipping tax elections that are available after death to accomplish the best tax and dispositive objectives for the client. A checklist of planning opportunities, complete with authoritative citations, will be included in the material.

Learning Objectives:
1. Learn how to protect the fiduciary from liability for unpaid tax liabilities.

2. Discover the numerous tax saving elections available to the fiduciary which affect the disposition of the client's estate.

6/12 4:50PM6:05PM

ENG1936. (Repeat of PFP19001) A First Look at IRA Life Expectancy Payout Changes Under the "Secure Bill" and the Best Ideas so Far (PFP, EST, TAX)

Robert Keebler - Partner, Keebler and Associates, LLP
Ed Slott - Partner, Ed Slott & Company

In the biggest bill for retirement planning in years, Congress is poised to change the law for life expectancy payouts to either a five- or ten-year payout. This legislation has strong bipartisan support and is supported by the President.

Advisors, CPAs and lawyers will need to quickly pivot with innovative strategies for this new paradigm. If you wait until this bill is signed before beginning to pivot you will miss the 2019 planning opportunities. This class will cover:

1) Understanding the change in life expectancy payouts on traditional and Roth IRAs

2) Impact of the loss of deferral and bracket compression on wealth transfer planning

3) Using CRTs to maintain deferral and bracket management - the law and the math

4) Roth conversions for better bracket management and greater wealth transfer

5) Designing IRA trusts and the terrible payout result with RMD conduit trusts - the law and the math

6) Using IRA trusts in low tax states to achieve state tax savings by avoiding or delaying the state taxation of the lump sum payout

7) Using single life insurance to enhance bracket management - the unbiased math

8) Using Second-to-Die insurance to increase wealth transfer

9) Urgent action steps for ill and dying clients including avoiding conduit trusts and using out of state trusts.

10) Charitable strategies for the mass-affluent and the wealthy

6/12 4:50PM6:05PM

EST1929. Legislative Update

Harry Gutman - Of Counsel, Ivins,Phillips & Barker,Chartered

This session will provide an update on federal tax legislative developments and prospects for future legislation.

Learning Objectives:
1. Understand the dynamics that led to the enactment of the 2017 legislation.

2. Examine the structural and interpretive issues presented by the legislation

3. Understand the the procedural issues involved in enacting tax legislation

4. Understand the prospects for and content of possible legislation in the 116th Congress

Thursday, June 13 2019

6/13 6:30AM6:55AM

ENG19VCC5. Recent financial fraud activity: What can be done to prevent it?

Brian Fox - President and Founder, Confirmation.com

Description: An alleged $10 million fraud this past fall involving the parent company of Newsweek involved the creation of a fictitious auditor along with fake financial statements. In another recent fraud, a Pennsylvania church administrator is accused of scamming more than $1.2 million from his employer, in part by creating fake audit reports to deceive the church’s board of trustees. Unfortunately, similar frauds are more common than you think as it can be too easy to manipulate financial information, and most aren’t covered by the media. These cases and others like it highlight the need for protection against bogus audit reports, but what can be done to prevent it from happening? Join us as we discuss how financial fraud is occurring and steps you can take to protect your firm and clients.

Learning Objectives:

1) Identify ways financial fraud is occurring
2) Describe the impact and cost of fraud
3) Determine steps you can take to protect your firm and clients’ businesses

6/13 6:30AM6:55AM

ENG19VCC6. CPAFMA: Connecting in Ways to Reveal the Way Forward

Ann White - Regional Human Resources Manager, BDO USA LLP
Joyce Arthur - Alliance Client Services Support Manager, BDO Alliance USA
Sharon Trabbic - Chief Operating Officer, William Vaughan Company

This virtual coffee will provide the Conference’s virtual attendees with some insights as to CPA Firm Management Association and the role of the firm manager and what it means to firms today and how the position and professional can connect to reveal future growth and success of the firm, regardless of firm size.
Learning Objectives:
1) Participants will understand the role the firm manager/COO plays in a CPA firm.
2) Participants will be able to determine when a firm is ready for a firm manager/COO.
3) Participants will be able to evaluate the responsibilities a firm manager/COO should be responsible for based on firm size.

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.