Identification: NTA19203
Chris Hesse (Chair of the AICPA's Tax Executive Committee) Kristin Esposito and Amy Wang (AICPA Tax Policy & Advocacy) discuss how the AICPA's advocacy efforts resulted in guidance helpful to taxpayers and CPAs.
Identification: NTA19204
This session will discuss strategies to deal with Social Security and Marital Benefits. It will cover:
Identification: NTA1922c
This session will discuss the current state of U.S. tax administration and the major challenges the IRS faces today as it attempts to administer the tax system. Major challenges include providing high-quality taxpayer service, assisting victims of tax-related identity theft, implementing legislation, conducting examination and collection initiatives that promote future voluntary compliance, and expanding the ability of taxpayers and preparers to conduct their business with the IRS online while simultaneously maintaining data security.
Identification: NTA1927
The recently enacted Taxpayer First Act places increased emphasis on the independence of the IRS Appeals organization (Appeals). This session will evaluate the Act’s specific impact on Appeals settlement practices and policies. The session will also analyze the range of Appeals programs and policies that present specific challenges and opportunities for taxpayers. Additionally participants will increase their ability to evaluate individual appeals options by gaining insight into the resources and infrastructure that support Appeals.
Identification: NTA1928
This session will focus on identifying, analyzing and interpreting key tax provisions in partnership agreements, as well as amendments to partnership agreements, in light of recent changes to the tax laws. Key tax provisions that will covered include guaranteed payments, provisions affecting tax basis planning and preferred interests created for estate planning purposes.
Identification: NTA1929
This session provides an analysis of the ways CPAs can help clients find untapped sources of funds and how to optimize the tax effects. Topics covered include:
Identification: NTA1933
This presentation will provide an update of current tax practice ethics issues and particularly tax practice ethics matters arising from passage of the Tax Cuts and Jobs Act of 2017.
Identification: NTA1934
This session will cover the basic rules governing formation and tax deferral benefits of opportunity zones.
Identification: NTA1935
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.
Identification: NTA1936
This session will discuss what partnerships should consider when they select a partnership representative, what entities and individuals should consider before accepting the role of partnership representative or designated individual, and what tax practitioners should consider when representing a partnership before the IRS given that decisions are made by the partnership representative.