Sessions | ENGAGE 2020

Sunday, June 9 2019

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

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 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 1:00PM5:00PM

TAX19101. IRS WORKSHOP

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

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

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

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

6/10 1:30PM2:45PM

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

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

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

At this presentation audiences will learn:
1) The risks that flow from low-probability, high-impact 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

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 5:10PM6:00PM

TAX19102. Inside the Tax Studio: 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 - Shareholder and Director, Meara Welch Browne,P.C.

In a 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 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 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

TAX19ER02. Donor Advised Funds

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

This session is a comprehensive examination of donor advised funds.

Learning Objectives:
1. The definition of what is (or is not) a DAF
2. The rules and sanction that apply to donors and to charities that deal with DAFs, including pledges and bifurcated grants.

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

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

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

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

6/11 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 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 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

TAX1901. IRS Controversies

Caroline Ciraolo - Partner, Kostelanetz & Fink 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 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 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

TAX1902. FBAR & FACTA: The Crackdown on Unreported Foreign Assets Continues

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

TAX19NL01. The Sandwich Generation

Elizabeth Forspan - Partner, Forspan Klear LLP

Elizabeth Forspan will address important issues affecting those in the “sandwich generation”, or those who are charged with caring for both elderly parents as well as their own children. Topics will include planning for one’s parent’s incapacity, long term care and death, planning for one’s own incapacity and long term care, and planning for adolescent children, adult children and children with special needs. Elizabeth will also touch on estate planning topics, elder care/Medicaid planning and the important topic of how to avoid guardianships/conservatorships.

Learning Objectives Include:
1. Understanding the critical importance of advance directives, including the durable power of attorney.
2. Understanding, at a high-level, the various governmental programs that are available to the elderly and disabled.

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 a discussion on how to obtain relevant financial planning information from them.  We will then review and discuss an Investment Policy Statement and then move to setting goals for the client.  We will also discuss strategies to implement when the client needs money, how to take it acheive cash flow needs, mitigate risks, etc.  We will then conclude with a discussion on 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

TAX1906. New Qualified Opportunity Funds

Kelly Allen - Owner, Level Advisors

As a primary objective, attendees will be educated on the statutory framework and corresponding benefits of the new Qualified Opportunity Fund (“QOF”) 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 such topics as:

1. Unaddressed issues in the regulations,
2. Potential abuses and problems and
3. Evaluate tax planning in creating eligible gains

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 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

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

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 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

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.

Gain an understanding of: the types of family offices; the life cycle of a family office; and the strategies and needs of a family office. Apply the elements of the personal financial planning process to the family office environment. Discover opportunities available to CPAs in supporting and offering family office services.

Learning Objectives:
1. Recognize and identify the different types of family offices
2. Recognize the elements of the family office life cycle
3. Identify the strategy and needs encountered by family offices
4. Identify how personal financial planning is a family office service
5. Contrast the virtual family office with other types of family offices

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 1:00PM1:25PM

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

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 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)

Eric Green - Partner, Green & Sklarz LLC
Sheila Charmoy - Attorney, Charmoy & Charmoy

Many things come out in a divorce, not least of which are tax and financial planning issues like undisclosed foreign bank accounts, fraudulent returns, etc. The 2017 Tax Act has also impacted tax planning around divorces. This panel will cover what accountants need to know about divorce, the changes made by the 2017 Tax Act and how they impact divorce planning and analysis, and the potential tax issues that should be considered before the divorce agreement is finalized.

Learning Objectives:
1. Understand the tax changes made to divorce arrangements under the 2017 Tax Act
2. Describe the potential issues that arise in a divorce surrounding tax issues and prior returns
3. Explain the steps to resolving potential tax issues before the divorce is finalized

6/12 3:00PM3:50PM

TAX1916. Itemized Deductions Planning Strategies

Joseph Walloch - CEO, Walloch Corporation

The new world of Itemized Deductions and how to maximize your deductions and minimize taxes. Special attention to tax planning for the SALT (State and Local Tax Deduction), Interest Expense, Charitable Contributions and Personal Casualty Losses. Will also cover special "above the line" deductions that have changed dramatically including Alimony.

Learning Objectives:
1. To learn about the new itemized deduction rules under the Tax Cuts and Jobs Act.
2. To learn about tax planning tools and strategies to maximize itemized deductions as well as "above the line" deductions and minimize taxes.

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

TAX1917. Depreciation and Cost Recovery Update

Nathan Clark - Partner, Dixon Hughes Goodman LLP

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

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

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

6/12 3:00PM3:50PM

TAX1918. Estate Planning Strategies for Moderate, High & Ultra High Net Worth Clients Post-TCJA

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

6/12 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

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
2) Learn many of the Social Security benefits available beyond regular retirement Social Security benefits.

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

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

Join members of the AICPA’s Individual and Self Employed Tax Technical Resource Panel (ISET TRP) for a debrief of how this past filing season went, along with a review of current legislation developments- including how the AICPA is working to advocate for our members and regulations for the Tax Cuts and Jobs Act.

The panel will also cover new cases and revenue rulings, as well as report on significant code section cases that may affect your practice. Attendees are encouraged to bring their questions to the session as well as get feedback and tips on how to start planning now for a better 2020 filing season.

After this session, you will be able to:
- Identify legislative and regulatory tax developments in individual & self-employed tax area.
- Identify emerging individual & self-employed tax policy and advocacy issues important to AICPA members.

6/13 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

TAX1921. K-1 Reporting

Brian Lovett - Partner, Withum

This section will explore proper reporting of the various items reported on a Sch. K-1 received from a partnership or S corporation. After attending this session, attendees should be more comfortable with where and how to report the information reported to a member or shareholder on that individual's Form 1040.

Learning Objective:
1. Identify the various types of information reported to a member or shareholder on Schedule K-1.
2. Understand how the information reported on Schedule K-1 impacts the member/shareholder's Form 1040.

6/13 11:15AM12:05PM

TAX1922. Succession Planning

Robert Barnett - Founding Partner, Capell Barnett Matalon & Schoenfeld LLP

Every business and business owner will be faced with succession issues. Developing a sound succession plan is the key to success in business transition. Business and family dynamics are interwoven with a complex array of tax rules and restrictions. We will discuss recent cases and planning opportunities and highlight several traps to avoid.

Learning Objectives include:
1. Developing an enhanced understanding of business succession planning;
2. Reviewing various income, estate, and gift tax implications; and
3. Comparing and contrasting business succession methodologies.

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

This session will provide and explain tax and financial strategies for major life events. The goal of the presentation is to give the attendees the tools to address the steps that must be taken during life events that will minimize taxes and create a financial plan to address the various issues that arise. The advice will be practical and be presented with a checklist approach.

Learning Objectives:
1. To recognize tax and financial issues that arise during major life events. To develop strategies
2. To minimize estate, income and gift taxes; and
3. To take advantage of financial planning opportunities.

6/13 1:15PM2:30PM

TAX1925. Like-Kind Exchanges

Marty Verdick - Senior Director, RSM US LLP

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

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

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

6/13 1:15PM2:30PM

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

This session will focus on partnership tax principles and options related to contributions, allocations and distributions involving a family investment partnership.

Learning Objectives:
1. Gain a better understand partnership tax principles governing contributions and distributions in the family investment partnership context.
2. Gain a better understand common partnership allocation and distribution principles involving family investment partnerships.

6/13 1:15PM2:30PM

TAX1928. 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

6/13 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

Tony Nitti - Partner, RubinBrown
Julie Welch - Shareholder and Director, Meara Welch Browne,P.C.
Annette Nellen - Professor, San Jose State University
Robert Barnett - Founding Partner, Capell Barnett Matalon & Schoenfeld LLP

This panel, moderated by Julie Welch, will focus on the best and most current tax planning ideas for high-income individuals. This session will:
1. Pull together many of the important ideas gathered from the conference.
2. Provide a variety of strategies you can take away and implement immediately with your clients.