Session will discuss the importance of protecting your tax client's information, explain what 'Zero Trust' concepts mean when evaluating your firm's practices, and the value gained by regularly demonstrating them with your people and with your clients each year.

Running a business in today's environment is extremely challenging.  COVID-19 legislative changes highlighted the challenge of a small business (and their advisers) and how they are able to navigate new tax laws, paid leave laws, local and state health restrictions, operational changes and financing opportunities.  Small means any business from a sole proprietor with no employees to an entity of up to $26 million of gross receipts (small business in the eyes of Congress).  This session will provide best practices and tips on how to help a business help themselves and how we as small business advisers can proactively assist our clients through the complex world of change.

Since March 2020, the IRS has elevated fraud enforcement to new heights with the establishment of the Office of Fraud Enforcement, led by a former IRS Criminal Investigation Special Agent in Charge and Director of International Operations; appointment of National Fraud Counsel; and creation of the Office of Promoter Investigations, led by a veteran of the IRS with extensive experience managing investigations and examinations involving abusive transactions. The IRS also has enhanced fraud training efforts across the IRS operating divisions, reinforced fraud referral procedures with subject matter experts, announced new compliance campaigns, and initiated parallel proceedings targeting taxpayers and professional enablers participating in abusive tax avoidance schemes. Priority areas include, but are not limited to, high income non-filers, micro-captive insurance, syndicated conservation easements, virtual currency, the gig economy, and Puerto Rico residency programs. This session will discuss the current state of enforcement against high income/high wealth taxpayers and what we can expect in the days to come.

This session will cover the recent tax law, regulation and case law changes in the arena of international tax. The course will also cover any proposed ta legislation that would impact US International Tax.  Finally in this session will include an update of the OECD Taxation of a Digital Economy.

You may personally enjoy working remotely or you may detest it. Regardless of your feelings, the fact remains that many employees place a high priority on the flexibility provided by working from home. There are certainly inherent challenges with working remotely and the ability of your firm to find workable solutions will determine the success of the remote environment. In this session, panelists will discuss their experience in the areas of onboarding and training employees, improving employee engagement, rewarding high performers, communication and hiring. Come with your questions for this interactive discussion on best practices for working remotely.

The session will educate attendees regarding the factors that will most impact whether or not a business should consider a flow through entity structure, either via S-Corporaiton or partnership, or to operate as a C-Corporation.  Over the past thirty-five years, more and more businesses have decided to operate as flow-through entities to avoid potential double taxation of distributed profits.  However, recent developments, such as the reduction of corporate tax rates under the Tax Cuts and Jobs Act, and the rise of Qualified Small Business Stock as defined under IRC Section 1202, have made a C-Corporation structure more attractive than ever.

Discuss due diligence top findings, differences between asset sale and stock sale, and negotiation strategies such as 338(h)(10) election and F reorganization.

Overview of the application of certain loss limitation provisions which impact individual taxpayers with pass-through ownership (including as a result of basis, at-risk, passive activity, and excess business loss limitations).  Session will consider various opportunities to maximize the utiliation of attributes resulting from the limitation of losses.

The pandemic triggered an exodus of workers from office buildings, as employees sought the safety of their homes and other remote locations. While some of this displacement was temporary, certain employees may continue to work remotely for years to come. This session will explore the tax consequences of this new paradigm. Does the employee's presence in another state or country mean that the employer is doing business (and subject to tax) in that state or country?  What are the state tax concerns of an employee who is employed in one state while working in another?  And how do the federal and state wage and fringe benefit rules apply to travel expenses to other work locations, including the office, equipment, tools, and other resources needed by employees to effectively work remotely?