Sophisticated Tax Planning for Your Wealthy Clients 2019

Nov 18, 2019 ‐ Nov 19, 2019

When interacting with your high-net-worth clients, your contributions should bring them greater benefits than they imagined. The AICPA Sophisticated Tax Planning for Your Wealthy Clients event brings together ideas and tips that will help you strategize better 2020 results for your clients. Be on the cutting edge with:

  • Updates, strategies and governmental regulations that affect wealthy individuals
  • Year-end planning tips, implementation techniques and suggestions
  • The latest information on the Tax Cuts and Jobs Act
  • Techniques for effective tax, retirement and estate planning, asset protection and more
  • UHelp on the specific needs of your tax and personal finance planning (PFP) clients

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association’s website, educational materials, products, and services. The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association’s Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests, please contact and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately. 

Packages Display Packages

This includes sessions from the conference: Sophisticated Tax Planning for Your Wealthy Clients 2019

Sessions Included:

Estate Tax Planning: Cross-Border Pitfalls and Considerations (Sponsored by Withum) (Nov 18, 2019 07:00 AM)

Welcome & Introductions | Business Tax Update (Nov 18, 2019 08:00 AM)

Women Taking the Reins: Financial Influence on the Move (Nov 18, 2019 09:25 AM)

Partnership Tax Update (Nov 18, 2019 10:40 AM)

Planning Tips and Ideas for CPAs (Nov 18, 2019 01:00 PM)

How Emerging Technologies are Enhancing Tax Practices (Nov 18, 2019 02:15 PM)

Tax Controversies - IRS Practice Update (Nov 18, 2019 03:30 PM)

Different Ways to Bump Up Your Cost Basis (Nov 18, 2019 04:20 PM)

Practical Guidance for Your Clients Hiring Household Help (Sponsored by GTM Payroll Services) (Nov 19, 2019 07:00 AM)

Morning Announcements | Individual Income Tax Update (Nov 19, 2019 08:00 AM)

Social Security & Medicare (Nov 19, 2019 09:45 AM)

Real Estate Update (Nov 19, 2019 10:35 AM)

Advanced Section 199A Planning Strategies (Nov 19, 2019 12:50 PM)

Post-Death Income Tax Issues of Estates and Trusts (Nov 19, 2019 02:05 PM)

Ask the Experts Panel - Year End Planning Ideas & Strategies (Nov 19, 2019 03:20 PM)

Standard: $ 299.00


Estate Tax Planning: Cross-Border Pitfalls and Considerations (Sponsored by Withum)

Nov 18, 2019 7:00am ‐ Nov 18, 2019 7:50am

Identification: SOP19201

In this session we will cover the basic concepts of what constitutes a cross border estate or trust as well as the U.S. tax implications and tax filing requirements.

Learning Objectives:

  1. Understand which estates and trust are considered cross-border for U.S. tax purposes.
  2. Identify some planning opportunities for cross-border estates and trusts.

Standard: $ 49.00

Welcome & Introductions | Business Tax Update

Nov 18, 2019 8:00am ‐ Nov 18, 2019 9:25am

Identification: SOP1901

This session will be review of any tax law changes affecting businesses for the 2019. It will also be a discussion of the guidance issued in 2019 for the tax changes stemming from the 2017 tax law change.

Learning Objectives: 

  1. Understand the changes in the tax law for 2019 and how it affects your clients.
  2. Review changes from the 2018 tax law change and the IRS's further guidance.

Standard: $ 49.00

Women Taking the Reins: Financial Influence on the Move

Nov 18, 2019 9:25am ‐ Nov 18, 2019 10:15am

Identification: SOP1902

There is a shift in influence underway. Maybe you have seen it, heard it, or felt it. You are more likely to see more and more women at the table with you, seeking planning opportunities. Did you know?

  • Women are already the breadwinners or co-breadwinners in 2/3 of the American households
  • In 40% of couples, she earns more, in another third, she earns the same amount
  • Of the tremendous intergenerational wealth transfer, 70% will pass to daughters, likely creating more breadwinner decision-makers
  • 95% of women will be responsible for family finances at some point

Is she, the breadwinner woman, ready? Are you ready to serve her the way she deserves?

In just 50 minutes, we’ll cover: 

  1. Unique Concerns of Women
  2. Different Behaviors and Goals Women Have Around Money
  3. Critical Issues Facing Women
  4. The Role of Education in Advising Women
  5. How Specific Life Transitions Often Impact Women
  6. What Women Want in Their Relationship with Advisors

You need to know: 

  • Ways You Can Customize Your Approach to Make Working With You Comfortable and Fulfilling for Her
  • How to Help Her Maximize Her Financial and Life Successful Outcomes Through Using Her Differences As Advantages for Her
  • The Opportunity that Exists for Deeper Client Relationships and Positive Word-of-Mouth that Can Result from Getting Working With Women Right

  • Paula McMillan, CPA/PFS, CFP, CGMA, Wealth Advisor, Stearns Financial Group
Standard: $ 49.00

Partnership Tax Update iconPartnership Tax Update

Preview Available

Partnership Tax Update

Nov 18, 2019 10:40am ‐ Nov 18, 2019 11:55am

Identification: SOP1903

This session will explore recent changes in the tax laws as they impact partnerships. Recent cases and rulings applicable to partnerships will be explored and the session will cover updates on any new guidance issued with respect to the Tax Cuts and Jobs Act.

Learning Objectives:

  1. Understand recent tax changes impacting partnership clients.
  2. Will be able to apply these changes to the benefit of their clients.

Standard: $ 49.00

Planning Tips and Ideas for CPAs

Nov 18, 2019 1:00pm ‐ Nov 18, 2019 2:15pm

Identification: SOP1904

This session will provide a review of selected planning topics that address a wide range of issues practitioners should consider addressing with clients.

Learning Objectives:

  1. Review practical estate and related planning tips that practitioners can use to help their clients and grow their practice.
  2. Understand what steps should be taken now in anticipation of the 2020 election and the possible changes in the tax laws.
  3. Discuss practical planning steps on coordinating client investments, asset location decisions, and more.
  4. Determine what can be done to better plan for aging clients.
  5. Learn tips on structuring large wealth transfers.

Standard: $ 49.00

How Emerging Technologies are Enhancing Tax Practices

Nov 18, 2019 2:15pm ‐ Nov 18, 2019 3:05pm

Identification: SOP1905

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.

Standard: $ 49.00

Tax Controversies - IRS Practice Update

Nov 18, 2019 3:30pm ‐ Nov 18, 2019 4:20pm

Identification: SOP1906

This presentation will address the current tax enforcement landscape in examinations, appeals, litigation and collections, review the IRS civil and criminal enforcement priorities, and share best practices in representing clients facing IRS enforcement efforts.

Learning Objectives:

  1. Understanding current IRS enforcement statistics.
  2. Understanding current IRS enforcement priorities.
  3. Learning 'best practices' in addressing IRS enforcement efforts.

Standard: $ 49.00

Different Ways to Bump Up Your Cost Basis

Nov 18, 2019 4:20pm ‐ Nov 18, 2019 5:35pm

Identification: SOP1907

This session will review the background of the increased estate tax exemption and how Section 1014 of the Internal Revenue Code allows a step-up in basis at death. The session will then discuss the following four ways to increase the cost basis: (1) 'upstream' planning, (2) flexible trust drafting, (3) using general powers of appointment and (4) the Delaware tax trap.

Learning Objectives:

  1. To understand that the income tax is now more important than the estate tax for most people due to the increase estate tax exemption.
  2. To discover the numerous ways that a client can obtain an increase in the cost basis at death and eliminate the capital gain tax.

  • Jeremiah W. Doyle, BS (Accounting), J.D.,LL.M. (Taxation), LL.M. (Banking Law), SVP/Family Wealth Strategist, BNY Mellon Wealth Management
Standard: $ 49.00

Practical Guidance for Your Clients Hiring Household Help (Sponsored by GTM Payroll Services)

Nov 19, 2019 7:00am ‐ Nov 19, 2019 7:50am

Identification: SOP19202

With our aging population, many of your clients may be hiring in-home senior care for themselves or elderly loved ones so they can “age in place.” That’s why the domestic workforce is expected to be one of the fastest growing industries over the next decade. And so-called “nanny tax” rules apply to senior care as well as childcare. Are you prepared? This presentation will cover new developments surrounding household employment including worker classification, paid sick leave laws, sleep time, domestic workers’ rights legislation, and more. Plus, learn how to keep your clients compliant with tax, wage, and labor laws so they avoid costly fines and penalties.

Standard: $ 49.00

Morning Announcements | Individual Income Tax Update

Nov 19, 2019 8:00am ‐ Nov 19, 2019 9:20am

Identification: SOP1908

This discussion will bring you up to date on the latest ideas and tax planning opportunities for individuals.

Learning Objectives:

  1. Explore individual changes affecting high-income clients.
  2. Incorporate TCJA into current tax planning.

  • Julie A. Welch, CPA, PFS, CFP, AEP (Distinguished), Shareholder and Director, Meara Welch Browne, P.C.
  • Martin S. Finn, CPA, J.D., LL.M., Partner, Lavelle and Finn, LLP
Standard: $ 49.00