Sessions | AICPA ENGAGE 2019

Monday, June 10 2019

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

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, including Exam, 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 issue. This session will be covered in 2 parts: 1:00 - 3:00 pm: Part 1 - Examinations and Appeals (Bryan Skarlatos and Caroline Ciraolo will be covering) 3:00 - 5:00 pm: Part 2 - IRS Collections (Eric Green, Robert McKenzie and Paul Mamo, IRS Director of Collections).

Learning Objectives:
1. Understand the examination process
2. Identify opportunities to challenge an examiners findings
3. Explain the process for appealing from an IRS examination
4. Understand the IRS collection process
5. Explain the options taxpayers have to resolve an outstanding tax debt

6/10 1:30PM2:45PM

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

Ian Bremmer - President & Founder, Eurasia Group

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 5:10PM6:00PM

TAX19102. Inside the Tax Studio: Exploring the CPA’s Expanding Role in a Client’s Tax & Financial Planning

Ted Sarenski - CEO, Blue Ocean Strategic Capital
Martin S Finn - Founding Partner, Lavelle & Finn, LLP
Sidney Kess - Senior Consultant, Citrin Cooperman
Dan Moore - Sole Practitioner, D.T. Moore & Company, LLC
Jackie Patterson - Partner, Buchanan & Patterson,LLP
Julie Welch

In a panel discussion led by Conference Chair Marty Finn and featuring Chair
Emeritus Sid Kess, a panel of tax and financial planning practitioners will explore the expanding role of the CPA in their client’s planning needs and discuss
alternative services to add to their practices including:
1. Personal Financial Planning and Wealth Management services
2. Estate and Trust Administration services including fiduciary income tax
consulting and return preparation
3. Income Tax Basis Planning
4. Insurance Needs Planning including life, disability, property and casualty
and long term care insurance
5. Elder Care Services & Personal Finances Management

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 in 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 you might consider using when working with clients who transact in cryptocurrencies.

6/11 7:00AM7:50AM

TAX19ER01. Comment Letters-Advocacy in Action

Dan Moore - Sole Practitioner, D.T. Moore & Company, LLC
Amy Wang - Senior Manager, Association of International Certified Professional Accountants

After this session, you will be able to:

1) Identify legislative and regulatory tax developments.
2) Identify emerging tax policy and advocacy issues important to AICPA members.
3) Understand how to develop comment letters and position statements on important advocacy issues.

6/11 7:00AM7:50AM

TAX19ER02. So You Wanna Be A Philanthropist?

Micaela Saviano - Art & Finance Tax Leader, Deloitte Tax, LLP

This session will compare the tax advantages and disadvantages of three philanthropic vehicles: private foundations, donor advised funds and supporting organizations. Donor advised funds offer the advantage of larger tax deductions and lower administrative costs, but private foundations offer greater control and the tax laws permit family members to receive reasonable compensation for services. New rules from IRA permit paying pledges from DAFs.

Learning Objectives:
1. An overview of the different legal requirements that apply to private foundations compared to donor advised funds.

2. Factors that encourage a donor to select one philanthropic vehicle over another.

6/11 8:00AM9:15AM

ENG1905. 199A (EST, PFP, TAX)

Robert Keebler - Partner, Keebler and Associates, LLP
6/11 9:30AM10:20AM

TAX1901. IRS Controversies

Caroline Ciraolo - Partner, Kostelanetz & Fink LLP
Micaela Saviano - Art & Finance Tax Leader, Deloitte Tax, LLP

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, including exam 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 issue.

Learning Objectives:
1) Explain the process for challenging an exam issue with the IRS
2) Understand the IRS collection process

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 TJCA 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, how to properly analyze and implement (or refine) wealth transfer strategies that utilize (or already own) insurance. We will conclude with how the future in insurance sales is not bleak, how it can and will be both 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

TAX1902. FBAR & FACTA: The Crackdown on Unreported Foreign Assets Continues: Enforcement, Penalties, and Coming Clean

Michael Sardar - Partner, Kostelanetz & Fink, LLP
Caroline Ciraolo - Partner, Kostelanetz & Fink LLP

U.S. taxpayers and residents are required under the Internal Revenue Code and the Bank Secrecy Act to report their relationship to foreign accounts and assets on an annual basis. The IRS and the Department of Justice have significantly increased enforcement of these reporting requirements through criminal prosecutions and the imposition of crushing civil penalties that can come when taxpayers are not compliant. This panel will explore the current state of IRS and DOJ civil and criminal enforcement with respect to taxpayers who have not complied with FBAR (Report of Foreign Bank and Financial Accounts) and FATCA (Foreign Account Tax Compliance Act) reporting requirements. The panel will also cover pathways to compliance for the non-compliant taxpayer, including the IRS’s Voluntary Disclosure Practice.

Learning Objectives:
1. Distinctions between FBAR and FATCA reporting requirements
2. Criminal versus civil consequences to noncompliance
3. Options for coming into compliance with unreported foreign accounts
4. Best practices for representing a noncompliant taxpayer in an audit 5. Strategies for defending FBAR and FATCA related penalties
6. The current landscape of FBAR litigation

6/11 11:20AM12:10PM

TAX1903. Schedule C Audit Issues

Robert McKenzie - Lawyer, Saul EwingArnstein & Lehr LLP
6/11 12:25PM1:15PM

TAX19NL02. Education Planning Under the Tax Cuts and Jobs Act

Ross Riskin - Assistant Professor of Taxation | CFP Program Director, The American College of Financial Services

Due to the rising costs of higher education, clients are relying more than ever on advisors to help them navigate the financial complexities associated with the college funding and financial aid planning processes. In this presentation, Ross A. Riskin, CPA/PFS, CCFC, will share highlights from the AICPA’s The Adviser’s Guide to Education Planning, which are focused on education planning strategies for business owners, high income/high net worth individuals, divorced/divorcing couples, and grandparents. In addition, Ross will also cover relevant changes from the 2017 Tax Cuts and Jobs Act (TCJA).

Learning Objectives:
1. How to incorporate education planning strategies for business owners

2. How to incorporate education planning strategies for high income/high net worth individuals

3. How to incorporate education planning strategies for divorced/divorcing couples

4. How to incorporate education planning strategies for grandparents

6/11 12:25PM1:15PM

TAX19NL03. What Have You Done For Me Lately? The Family Office Value Proposition

Eric L. Johnson - Partner, Deloitte Tax, LLP
Micaela Saviano - Art & Finance Tax Leader, Deloitte Tax, LLP

Demonstrating value bears particular challenges for single-family offices (SFOs), and family office executives are often faced with dispelling a notion held by certain family members that the SFO is purely a cost center. This course is a facilitated lunch designed to share ideas currently employed by other SFOs and identify ideas that might be used to further the value of your SFO to the family. Four areas will be explored: (1) defining value, (2) enhancing value, (3) measuring value, and (4) communicating value. Ideas generated in prior facilitated sessions will also be shared by the facilitators.

Learning Objectives:
1. Identify and reflect upon their family office's current value proposition
2. Through facilitated discussion, learn and identify additional ideas to further their family office's value proposition in four categories: (a) defining value, (b) enhancing value, (c) measuring value, and (d) communicating value.

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

ENG1912. Portfolio Management for Non-Portfolio Managers (PFP, TAX)

David Frisch - President, Frisch Financial Group, Inc.

The course will begin with a review of the common pages of the tax return, and how to obtain relevant financial planning information.  We will then review and discuss an Investment Policy Statement, and discuss setting goals for the client.  We will discuss when the client needs money, and how to take it, cash flow, risks, etc.  We will conclude with discussing asset classes and volatility as well as structuring a portfolio.

6/11 1:25PM2:40PM

TAX1904. S Corp Update

Tony Nitti - Partner, RubinBrown

This session will cover a review of those statutory changes, newly issued regulations, cases and administrative rulings impacting the the taxation of S corporations and their shareholders during 2018 and 2019.

Learning Objectives:
1. Identify how Section 199A impacts S corporation shareholders.
2. Understand other changes made in the TCJA that impact S corporation shareholders.

6/11 1:25PM2:40PM

TAX1905. Asset Protection

Dan Rubin - Partner, Moses & Singer LLP

Once one has succeeded in accumulating wealth, one's attention must turn to ensuring that such wealth is preserved for the benefit of oneself and one's family. In our highly litigious society, every business person, professional and high net worth individual is at risk. Asset protection planning is the process by which one can insulate one's wealth from attack by potential future creditors. Importantly, the key to successful wealth preservation, including asset protection, is advance planning. In this session you will learn of a number of proven planning methods, including the advantages and risks connected with each approach, with special emphasis placed on the use of so called "asset protection trusts". Attention will also be given to recent developments in the law and emerging trends in this continually evolving field. Learning Objectives:
1) Attendees will learn of a number of proven methods for successful asset protection planning, including the advantages and risks connected with each approach.
2) Attendees will learn about "self-settled spendthrift trusts" (also known as "asset protection trusts"), and how they might be used both onshore and offshore to protect a client's assets against the claims of potential future creditors.
3) Attendees will learn about the law of fraudulent transfers, and when asset protection planning done wrong, and at an inappropriate point in time, might be found to be unethical or even worse.

6/11 3:40PM4:30PM

TAX1907. Creepy Nexus

Mark Klein - Esquire, Hodgson Russ LLP

The rules that allow states to force an out-of-state business to pay its income tax and collect its withholding and sales taxes were dramatically changed in 2018. This session will:
1) Explore the impact of these rules on multistate businesses;
2) Provide some practical advice dealing with sales across state lines in a post-Wayfair world; and
3) Identify and discuss the tax implications created by employees who work in more than one state.

6/11 3:40PM4:30PM

TAX1908. Fiduciary Income Tax Return Topics

Jackie Patterson - Partner, Buchanan & Patterson,LLP

This session reviews the many changes in fiduciary income taxation and accounting and how it impacts Form 1041. Topics include: 1. The Uniform Fiduciary Income and Principal Act (as revised) 2. Impact of 2017 Tax Law Changes to Form 1041 deductions 3. Sec. 199A and the Form 1041 4. Including Capital Gains in DNI.

Learning Objectives:
1. To update participants on tax law changes that impact fiduciary accounting and taxation.
2. Gain an understanding on methods to quantify the new law changes.

6/11 3:40PM4:30PM

TAX1909. IRS Due Diligence Requirements

Eric Green - Partner, Green & Sklarz LLC

Whether it is tax return preparation, exam representation or resolving tax debts, practitioners need to be aware of their due diligence requirements and avoid running afoul of IRS rules. This program will review the due diligence requirements practitioners need to be aware of and consider when representing taxpayers before the IRS.

Learning Objectives:
1. Understand the due diligence requirements when preparing a tax return

2. Explain the due diligence requirements that come up when representing a taxpayer before the IRS

6/11 3:40PM4:30PM

TAX1906. New Qualified Opportunities Zone - Part 1 (TAX, EST)

Kelly Allen - Owner, Level Advisors

The primary objective is that attendees will be educated on the statutory framework and corresponding benefits of the new Opportunity Zone provisions that were part of the recent TCJA of 2017. As this is a new and evolving area of tax law, the course content and materials will seek to provide an up-to-the-minute-update.

As a secondary objective, and time permitting, the session is intended to cover and invite thoughtful engagement with attendees about such topics as:

1. Unaddressed issues in the regulations,
2. Potential abuses that may develop and
3. Evaluate non-traditional tax situations that may be of particular benefit in connection with the new statutes.

6/11 4:45PM6:00PM

ENG1915. New Qualified Opportunities Zone (TAX, EST)

Lisa Featherngill - Head of Legacy and Wealth Planning, Abbot Downing
Kelly Allen - Owner, Level Advisors
6/11 4:45PM6:00PM

TAX1910. International Tax Update

Chaya Siegfried - Lead, International Business Tax Services, Withum

TCJA brought many significant changes to the International Tax arena. During this session we do a high level overview of the changes including a discussion of Global Intangible Low Taxed Income (GILTI), Foreign Derived Intangible Income (FDII), Base Erosion Anti Avoidance Tax (BEAT), Foreign Tax Credit and other changes. We will also discuss the new tax forms and recent guidance on how to calculate taxable income with this new provisions. And finally, we will discuss planning ideas for individuals and closely held businesses with international activities.

Participants will be able to:
1. Identify what GILTI, BEAT and FDII are
2. Perform a basic GILTI Calcuation
3. Be familiar with the new filing requirements related to international activities
4.Identify planning opportunities for taxpayers with cross border activities

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

TAX1912. Culture Rules: Designing Family meetings for Maximum Impact

Margaret Isdale - Founder, wealthaven

Family Meetings are a valuable opportunity for family members and their advisors to come together and design their future. Yet too often these events end up being a routine portfolio review and maybe an estate review. Bets practices would indicate at least 50% of the time should be spent on the 'softer' issues of governance, succession and family communication, building a platform for the future generations and fostering trust and innovation. We will cover the psychological and practical reasons for revving up your family meeting repertoire, with examples and tools to take home to your practice.

Learning Objectives:
1. Understanding how to structure a family meeting, including programming and educational opportunities

2. Learning to design robust educational and 'life' curriculums to build family capacity

Wednesday, June 12 2019

6/12 8:00AM9:15AM

ENG19K02. Professional Update

Barry Melancon - CEO, Association of International Certified Professional Accountants
William Reeb - CEO, Succession Institute,LLC
6/12 9:15AM9:40AM

ENG19WA01. 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 - Author & Speaker
6/12 11:30AM12:45PM

TAX1913. Choice of Entity Decisions after Tax Reform

Sharon Kreider - Owner, KREIDERCPA

Choice of entity has always been a "facts and circumstances" decision for each client's business, but is there a way to present our advice on entity selection in a clearer, if not simpler, way? Is the LLC better and why? Is the S corporation better and why? Does the 21% C corporation rate make that entity the best? What answers changed because of QBI? What stayed the same? There are lots of questions when selecting an entity and now we have many more answers after a tax season with the new law.

Learning Objectives:
1. Learn the key factors that make the LLC the best choice of entity for many businesses.
2. Learn when the S corporation selection trumps other choices.
3. Learn when the 21% C corporation rate makes a difference to your client.
4. Learn what difference the QBI deduction makes when choosing an entity.

6/12 11:30AM12:45PM

ENG1918. IRA Planning Update (TAX, PFP)

Ed Slott - Partner, Ed Slott & Company

This session will cover the best retirement tax planning strategies, after tax reform. The program will show advisors how to increase consulting income by identifying the planning areas where CPAs and other financial planners can add the most value to clients. Also included will be the latest cases and rulings, many of which are not widely publicized, yet apply to all clients with retirement accounts. Find out the latest in the world of IRA tax planning so you can share this with clients who will be looking to you for guidance on making critical retirement decisions. This will add to your value as a key retirement advisor. Learning Objectives:
1) To identify the retirement tax planning areas where advisors can add the most value and increase consulting income
2) To be aware of the latest tax and IRA distribution decisions from recent cases and rulings. These will apply to your clients who are relying on you for the right advice before making major decisions affecting their retirement savings.
3) To learn how to avoid the most costly IRA mistakes made by CPAs. Many of these errors are fatal. They cannot be fixed and the consequences are financially disastrous, to both you and your clients.
4) To immediately provide valuable and profitable information to clients who are at risk of making errors. They are not getting this information from their typical financial advisor. Be seen as a proactive retirement advisor, as opposed to reporting on events that happened last year. That’s too late.

6/12 11:30AM12:45PM

ENG1919. QSBS: The Quest for Quantum Exclusions (Queries, Qualms & Qualifications) (PFP, TAX)

Paul Lee - Global Fiduciary Strategist, Northern Trust Company

Qualified Small Business Stock (QSBS) under Section 1202 is not just for tech companies anymore. It’s time to reconsider QSBS because the new tax act has paved the way for closely-held companies to benefit “bigly.” QSBS provides an exciting array of benefits (and a surprising alternative) for owners of new and pre-existing business (large and small): (i) 100% gain exclusion on sale; (ii) tax-free rollover of gains; and (iii) a chance to “stack” (multiply) and “pack” the exclusion by 10 times (maybe more). While the benefits of QSBS are straightforward, the qualifications and questions surrounding QSBS planning are far from it. This presentation will discuss planning opportunities, unanswered questions, potential pitfalls, and best practices in the quest for quantum QSBS exclusions.

Learning Objectives:
1. Why is the time finally right for QSBS? What has changed since its enactment?

2. Basic elements and qualifications of QSBS.

3. Planning to maximize QSBS exclusions.

4. Common mistakes and pitfalls.

6/12 11:30AM12:45PM

TAX1914. Family Office & Financial Planning

Randy Abeles - Partner, RSM
Susan Tillery - President , Paraklete Financial,Inc.
6/12 12:55PM1:45PM

TAX19NL04. The Private Insurance Company: An 831(b( Alternative - presented by Captive Alternatives

Mark Sims - Vice President, Captive Alternatives

In this session Mark will give an overview of the 831(b) tax election and where it stands following the most recent Tax Court decisions. We will introduce an 831(b) alternative - The Private Insurance Company - and its numerous benefits and uses: Risk Management, Tax Planning, Asset Protection, Investment Options and Exit Strategy. CPAs familiar with 831(b) captives will be particularly interested in the 831(b) Conversion option which will enable clients to close their 831(b) captives under a tax free exchange.

Learn about:
1. The available tax elections, and where they stand following the most recent court decisions.
2. The benefits of each of the alternatives, with emphasis on the 831 (b) Conversion.

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

ENG1922. Marriage & Divorce After 2017 Tax Act (TAX, PFP)

Sondra Miller - Honorable, McCarthy Fingar LLP
Kathleen Donelli - Partner, McCarthy Fingar LLP

This session is a two part session. The Hon. Sondra Miller will discuss divorce planning after the 2017 Tax Act and Kathleen Donelli will discuss the role of Frinancial Experts in Divorce Proceedings.

Learning Objectives:
1. Discussing the role of financial experts in litigation proceedings
2. Explaining the difference between various disciplines in resolving divorce disputes, including Mediation, Collaborative Law, Arbitration, Med-Arb and Litigation
3. Learning about the function of financial experts such as CPAs, CDFAs, CFPs, forensic accountants, wealth managers, pension fund experts

6/12 1:55PM2:45PM

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

Donny Shimamoto - Managing Director, IntrapriseTechKnowlogies LLC
Dan Moore - Sole Practitioner, D.T. Moore & Company, LLC

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 1:55PM2:45PM

TAX1915. Family Office - Hot Topics

Randy Abeles - Partner, RSM
Eric L. Johnson - Partner, Deloitte Tax, LLP

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 3:00PM3:50PM

TAX1916. Dealing with Itemized Deductions

Joseph Walloch - CEO, Walloch Corporation
6/12 3:00PM3:50PM

ENG1924. Why Trusts (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

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. The 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 3:00PM3:50PM

TAX1918. Real Estate Tax Update

Karen Brosi - Owner, Karen Brosi, EA, CFP, LLC

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

6/12 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

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

6/12 4:50PM6:05PM

ENG1928. What you need to know about Social Security (PFP, TAX)

Ted Sarenski - CEO, Blue Ocean Strategic Capital

10,000 people a day become eligible for Social Security benefits. Your clients are among this group. Learn what you need to know to give them the best advice in this important income area. Objective:
1) Learn when an optimum time to begin Social Security benefits may be for different situations learn many of the Social Security benefits available beyond regular retirement Social Security benefits.

Thursday, June 13 2019

6/13 7:00AM7:50AM

TAX19ER05. When to Form a Family Office

Randy Abeles - Partner, RSM

This session will cover everything you wanted to know regarding forming a family office. We will discuss the benefits and the costs of forming a family office and will discuss the pitfalls that many families fall into during the organization of the family office. A discussion on Multiple Family Offices versus Single Family Office and do you really need a family office. During this session we will also discuss the foundation of the family office and discuss mission statements and governance.

When you leave this session you will have the knowledge needed to evaluate when and if you need to form a family office.

You will leave this session with knowledge of the fundamental core topics that need to be discussed with your families.

6/13 7:00AM7:50AM

TAX19ER03. 2019 Individual Tax Reform and Advocacy Updates

Amy Wang - Senior Manager, Association of International Certified Professional Accountants
David Baldwin
Jennifer Korten
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 7:00AM7:50AM

TAX19ER04. Change of Accounting Method

Annette Nellen - Professor, San Jose State University

What is a method of accounting and how and why should it ever be changed? Often when we find an error on a return, we think the solution is amending the return. But if a method is involved a different solution is required. Also, the TCJA allows more favorable accounting methods for small businesses. To change from a pre-TCJA method to a new permissible one, a change in method and Form 3115 is required. This session will:

1. Explain the change in method process, rationale, and practice tips.
2. Learn to recognize a method and how to change it if desired or required.
3.Learn how to compute a Section 481(a) adjustment and complete Form 3115 to change an accounting method.

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 9:30AM10:45AM

TAX1920. Individual Income Tax Update

Karen Brosi - Owner, Karen Brosi, EA, CFP, LLC
Sharon Kreider - Owner, KREIDERCPA

With the sheer number of changes in the Tax Cuts and Jobs Act of 2017, high-income taxpayers need our advice more than ever to strategize alternatives and minimize taxes. This fast-paced, lively session, presented by experienced practitioners, will bring you up to date on the latest ideas and opportunities for individuals.

Learning Objectives:
1. Explore individual changes affecting high-income clients.
2. Incorporate TCJA 2017 into 2019 planning practices.
3. Identify opportunities to strategize.
4. Be informed on latest case law and rulings.

6/13 11:15AM12:05PM

TAX1923. Employee Stock Option Strategies

Karen Brosi - Owner, Karen Brosi, EA, CFP, LLC

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 11:15AM12:05PM

TAX1924. Tax Strategies for Life's Big Changes

James Grimaldi - Partner, Citrin Cooperman
6/13 11:15AM12:05PM

TAX1921. K1 Session on the Hill

6/13 11:15AM12:05PM

TAX1922. Succession Planning

Bob Barnett
6/13 1:15PM2:30PM

TAX1925. Like-Kind Exchanges: The Impact of Tax Reform, Alternative Deferral Strategies and Problem Areas

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

TAX1926. Should you Convert to a C-Corp

Annette Nellen - Professor, San Jose State University

The TCJA drop in the corporate tax rate to a flat 21% makes the C corporate form of doing business sound attractive. But Congress offered temporary rate relief for other entities with a new qualified business income (QBI) deduction of 20%, but not all business activities and owners qualify for it. Pre-TCJA changes to capital gains incentive Section 1202 makes C corporations useful for attracting capital, but not all types of businesses qualify. And some TCJA changes limiting deductions for employees might lead some employees to consider a 'loan-out' entity. This session will explore the pros and cons of C corporations after the TCJA and due diligence and planning tips in considering converting to or forming this type of entity.

Learning Objectives:
1. Describe the TCJA changes that make C corporations a favored or perhaps unfavored entity choice.
2. Understand the due diligence and planning considerations relevant to converting to or forming as a C corporation.

6/13 1:15PM2:30PM

TAX1927. Family Investment Partnerships

Tom Ward - Partner, McDermott Will & Emery LLP
6/13 1:15PM2:30PM

TAX1928. Estate Planning Strategies for Moderate, High and Ultra High Net Worth Clients in a Post-TCJA World: A Panel Discussion

Jeremiah Doyle - Senior Vice President, BNY Mellon Wealth Management
Ted Sarenski - CEO, Blue Ocean Strategic Capital
Martin S Finn - Founding Partner, Lavelle & Finn, LLP

Our panel of experts will examine current tax and non-tax strategies to be considered by clients in various wealth levels including:
1. Family Asset Protection in Planning Wealth Distributions
2. The Importance of Income Tax and Basis Planning
3. The Continued Relevance of QPRTs, GRATs and CRTs
4. Disability and Long Term Care Planning

6/13 2:45PM4:00PM

TAX1929. Advanced S 199A Planning Strategies

Tony Nitti - Partner, RubinBrown

This session will help you identify ways to maximize your clients' Section 199A deductions. Reduce taxable income; properly identify qualified business income, and maximize the W-2 and property-based limitations.

Learning Objectives:
Answer: 1. Identify the proper choice of entity and structure for maximizing the W-2 limitation for taxpayer's above the income threshold.
2. Identify traps for the unwary that may prevent a taxpayer from maximizing the Section 199A deduction.

6/13 4:15PM5:05PM

TAX1930. Best Ideas Panel

Julie Welch