This session will focus on key Section 409A issues in executive compensation arrangements, including correcting operating or document failures.

There are many types of penalties the IRS can impose on taxpayers: failure-to-file, failure-to-pay, failure-to-deposit, estimated tax, and accuracy-related are some of the common penalties. The full list includes many more. In this session, learn about what to expect during the IRS penalty process. We will reveal specific how-to methods using relevant court cases and Internal Revenue Manual guidelines to gain abatement and discuss the procedures as to how to go through the process of working a case through Collection, Exam and Appeals.

The TCJA changed the tax rates for C corporations and created the Qualified Business Income Deduction for sole proprietorships and pass-through entities. Do these changes move the needle, so that businesses should change their entity structure? What does 'separable books and records' mean in the context of Section 199A?

This session covers the Schedule K-1 for both partnerships and S corporations and will help the audience better understand how the information reported on the K-1 impacts the taxpayer's tax return.

Traditional concepts of nexus are no longer valid in our post-Wayfair era. States are emboldened to move forward aggressively in collecting what they view as their “fair share”. We will explore the direction states are taking in imposing nexus, and discuss the limitations that remain.

From substance over form to duty of consistency, non-delegable duties, substitute for ordinary income, and many more, often, knowing a tax doctrine is key to identifying an issue or finding a tax answer. This presentation covers numerous tax doctrines and when and how to apply them.

This session will cover the decades old proposed regulations addressing the self-employment tax obligation of limited partners. We will revisit the proposed regulations issued in 1997, recent guidance issued by the IRS and recent case law impacting certain planning techniques that have been utilized to mitigate self-employment tax.

The concept of seven deadly sins can be traced back to Aristotle and ancient Greece. Gluttony, lust, greed, pride, anger, pride and envy can each be reflected in an IRA investment mistake:

• Gluttony exemplified by failure to distribute the taxpayer’s RMD
  
• Greed could be the personal use of a self-directed IRA, etc.

This session will provide practical solutions on how CPAs can work with individual clients to avert or fix major IRA mistakes.

Follow the yellow brick road! Resetting the risk/reward ratio for challenging projects in difficult neighborhoods earmarked by local governments as Opportunity Zones is a bold move by Congress. Attend this workshop and know who can invest, when and how to invest and what they must do to get tax benefits that will make the increased risk worthwhile. Among the topics to be addressed: Investors’ need for liquidity and timing issues, dealing with exit dates will be analyzed, along with identification of various pitfalls that can jeopardize an investment into a qualified opportunity zone. Get insights and analyze risks and opportunities both from the investor’s perspective and from the entrepreneurial fund or project operator’s perspective.