2022 AICPA & CIMA National Tax & Sophisticated Tax Conference

Oct 30, 2022 ‐ Oct 31, 2022


For tax practitioners, there’s no better place to get immersed in current events than the AICPA & CIMA National Tax Conference. Our coverage of the federal tax ecosystem — the key players, new legislative action, practice implications — will be critical to your positioning for future success.

Master what you need to know, so you can develop the appropriate, cohesive tax defense and compliance strategy for both businesses and individuals.


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 adaaccessibility@aicpa-cima.com 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: 2022 AICPA & CIMA National Tax & Sophisticated Tax Conference

Sessions Included:

Welcome Remarks & Opening Keynote Presentation: Is the 21st Century IRS Ready to Really Stand Up? (Oct 31, 2022 08:00 AM)

Practical - Process for Adjusting Partnership Returns Under Bipartisan Budget Act of 2015 (BBA) (Oct 31, 2022 09:30 AM)

How to Prepare Your Client for Due Diligence: M&A Checklist (Oct 31, 2022 09:30 AM)

Tax Planning Opportunities for Real Estate and Partnerships (Oct 31, 2022 09:30 AM)

IRA Update/Distribution Planning (Oct 31, 2022 09:30 AM)

Business Tax Update: Key 2022 Rulings (Oct 31, 2022 11:45 AM)

Planning with Stock Options & Partnership Profit Interests (Oct 31, 2022 11:45 AM)

Digital Asset Taxation - Current Challenges, Developments and Regulation (Oct 31, 2022 11:45 AM)

The State of Estate Planning: 2025 Is Around the Corner (Oct 31, 2022 11:45 AM)

Key 2022 Tax Developments for Individuals (Oct 31, 2022 12:50 PM)

Today’s International Strategies: Opportunities and Traps (Oct 31, 2022 12:50 PM)

Crystal Ball Gazing: Current and Future Legislative Update - What Should You Be Telling Your Clients? (Oct 31, 2022 12:50 PM)

Overview of Current Elder Planning Topics (Oct 31, 2022 12:50 PM)

It's Not Too Late to Plan for Tax Season (Oct 31, 2022 02:10 PM)

K-2 and K-3 Filings (Oct 31, 2022 02:10 PM)

Does Your Family Need an Office: Legal and Tax Structures in Organizing or Restructuring a Family Office (Oct 31, 2022 02:10 PM)

Retirement Planning for Small Business Owners (Oct 31, 2022 02:10 PM)

How to Protect Your Clients from Themselves: "I Heard About This Tax Deduction on Social Media" (Oct 31, 2022 03:15 PM)

U.S. Person's Disclosure Dilemmas (Oct 31, 2022 03:15 PM)

Living with the New Professional Standards from the AICPA and the IRS: SSTS and Circular 230 (Oct 31, 2022 03:15 PM)

State of Charitable Giving: From Basics to Billionaires (Oct 31, 2022 03:15 PM)

Supporting AICPA Members through Tax Advocacy and in their Tax Practices (Nov 01, 2022 07:00 AM)

Inflation Reduction Act of 2022: Corporate AMT (Nov 01, 2022 07:00 AM)

Powering Prosperity with Tax Advisory (Sponsored by Intuit) (Nov 01, 2022 07:00 AM)

Sid Kess Award, Morning Announcements and IRS and Treasury Update (Nov 01, 2022 08:00 AM)

IRS Examination Priorities (Nov 01, 2022 10:40 AM)

Dealing with the Client Receipt of Multiple State K-1s (Nov 01, 2022 10:40 AM)

Corporate Transparency Act (CTA) is Around the Corner - Are You and Your Clients Ready? (Nov 01, 2022 10:40 AM)

Post-Mortem & Disclaimer Planning (Nov 01, 2022 10:40 AM)

Reasonable Cause in Current Times: Helping Clients with IRS Penalty Abatement (Nov 01, 2022 02:30 PM)

Pass-through Entity Tax (PTET): Current Challenges and What's Next (Nov 01, 2022 12:45 PM)

Choice of Entity: One Size Doesn't Fit All (Nov 01, 2022 12:45 PM)

The Income Taxation of Trusts and Estates (Nov 01, 2022 12:45 PM)

Work from Anywhere, Business Obligations & Opportunities: Employees and Clients Throughout the US (Nov 01, 2022 12:45 PM)

Section 1202 Qualified Small Business Stock: Requirements and Traps for the Unwary (Nov 01, 2022 02:30 PM)

Planning with a Surviving Spouse (Nov 01, 2022 02:30 PM)

Panel Discussion: Best Ideas from the Conference: Yours and Ours (Nov 01, 2022 03:55 PM)

Standard: $379.00

Sessions

Welcome Remarks & Opening Keynote Presentation: Is the 21st Century IRS Ready to Really Stand Up?

Oct 31, 2022 8:00am ‐ Oct 31, 2022 9:00am

Identification: NTSP2201

A little over 20 years ago, the Internal Revenue Service was reorganized from a geographically distributed service organization into the beginning of a technology driven organization based on four categories of customers: large businesses including international organizations, small businesses, not for profits, and individuals. At the same time, conversion from paper processing to electronic processing commenced in earnest, with the expectation of utilizing data driven efficiencies to facilitate taxpayer services, collection and enforcement. The lack of sustained funding, combined with the frequent enactment of increasingly complex tax laws, stalled completion of visionary technological changes expected for improved customer service and appropriately targeted efforts to defeat noncompliance. During 2022, $80 billion of additional long-term funding was promised. Will funds alone ensure a modern-functioning agency for the 21st century? What’s next?

Learning Objectives:
  • Determine the risks and challenges the IRS faces in tax law administration
  • Identify what are the non-financial needs are to reach modernization
  • Calculate how tax practitioners can work with and support the IRS’s efforts
  • Identify how an efficient tax system benefits taxpayers and practitioners alike
Speaker(s):
Category: Conference Keynote Onsite and Online
Standard: $49.00

Practical - Process for Adjusting Partnership Returns Under Bipartisan Budget Act of 2015 (BBA)

Oct 31, 2022 9:30am ‐ Oct 31, 2022 10:45am

Identification: NTA2202

For tax years beginning on or after January 1, 2018, partnerships that do not elect out of the federal centralized partnership audit regime enacted by the Bipartisan Budget Act of 2015 (BBA) cannot amend Forms 1065 or Schedules K-1. Instead, these partnerships must file an Administrative Adjustment Request (AAR). The novel AAR process is exceedingly complex for partnerships, as well as for partners that receive statements showing their allocable share of AAR adjustments. A few states have addressed how partnerships and partners should account for adjustments on a federal AAR, though most have not, adding further complexity to partnership tax compliance. The presenters will explain the process for filing a federal AAR, including situations where the partnership allocates adjustments to their partners, and discuss relevant forms such as the Form 8082, Form 8985, and Form 8986. The presenters will also describe the steps partners need to take if they receive an statement with their allocable share of AAR adjustments. In addition, the presenters will describe how states have addressed state tax filing obligations for partnerships filing federal AARs and their partners.

Learning Objectives:
  • Select the process for filing an AAR
  • Determine the steps partners receiving AAR adjustments need to take
  • Identify state tax filing obligations associated with AARs filed with the IRS
Speaker(s):
Category: Concurrent Session Onsite and Online
Standard: $49.00

How to Prepare Your Client for Due Diligence: M&A Checklist

Oct 31, 2022 9:30am ‐ Oct 31, 2022 10:45am

Identification: NTA2203

Over the last two years, the mergers and acquisitions market has been soaring, and so has the level of focus and diligence buyers are putting towards the tax compliance of target companies. This course will help participants prepare for questions that come up during tax due diligence and allow them to ensure their clients are ready for these questions well in advance of a liquidity event.

Learning Objectives:
  • Apply the common questions and documentation that becomes the focus of tax due diligence prior to a sale
  • Determine how you can prepare your client from both a tax and financial standpoint for a liquidity event.
Speaker(s):
Category: Concurrent Session Onsite and Online
Standard: $49.00

Tax Planning Opportunities for Real Estate and Partnerships

Oct 31, 2022 9:30am ‐ Oct 31, 2022 10:45am

Identification: NTA2204

This session will cover the latest developments in tax planning opportunities and risks for real estate owners, developers and managers focusing on partnership structures that are the principal choice of entity. We will include a refresher on basic and intermediate transaction planning considerations and advanced creative planning concepts. Included will be a discussion of tweaks in the new Infrastructure law, and the risk of tax law changes, including on the shelf proposals yet to be enacted.

Learning Objectives:
  • Analyze advanced knowledge regarding current changes in the tax laws as they affect real estate and partnership taxation.
  • Identify tax planning opportunities, and pitfalls, for real estate trades or businesses, with a focus on the impact on those operating as partnerships.
Speaker(s):
Category: Concurrent Session Onsite and Online
Standard: $49.00

IRA Update/Distribution Planning

Oct 31, 2022 9:30am ‐ Oct 31, 2022 10:45am

Identification: SOP2202

Congress and the IRS have made changes and are proposing more changes to IRA distributions.  Learn the most recent information so you can guide your clients in this important area

Learning Objectives:
  • Determine what has changed and what hasn’t as well as the impact to IRA distributions
  • Identify what potential planning opportunities are available for your clients
Speaker(s):
Category: Concurrent Session Onsite and Online
Standard: $49.00

Business Tax Update: Key 2022 Rulings

Oct 31, 2022 11:45am ‐ Oct 31, 2022 12:35pm

Identification: NTA2205

This presentation will provide coverage of the most significant court decisions, federal tax regulations and IRS rulings in 2022 relevant to all types of businesses and entities. These developments involve deductions, accounting methods, reasonable comp, and more. Highlights of the Inflation Reduction Act of 2022 relevant to businesses and federal tax form changes are also covered. Due diligence and planning considerations emphasized throughout.

Learning Objectives:
  • Identify tax planning and compliance points from the Inflation Reduction Act of 2022 and significant court cases, regulations and IRS rulings.
  • Apply 2022 rulings that represent new legal interpretations for taxation of businesses.
  • Identify due diligence actions highlighted by 2022 tax law developments.
Speaker(s):
  • Annette Nellen, CPA, CGMA, Esq, Professor, MST Program Director, San Jose State University
Category: Concurrent Session Onsite and Online
Standard: $49.00

Planning with Stock Options & Partnership Profit Interests

Oct 31, 2022 11:45am ‐ Oct 31, 2022 12:35pm

Identification: NTA2206

Corporate stock options and partnership profit interest, while economically similar, have distinct differences that impact the tax implications of the service provider. In this session we will compare and contrast the two forms of equity-based compensation, including the differences in taxation, and consider alternatives to these awards, such as deferred compensation and appreciation rights. Also, we will consider the factors employers and service providers should consider when granting or receiving these awards, including whether it makes sense to convert employees into partners through profit interests.

Learning Objectives:
  • Determine various alternatives to stock options and profits interests
  • Identify the difference between a profits interest, a capital interest and a stock option
  • Compare the effect of employee share ownership vs partner unit ownership
Speaker(s):
Category: Concurrent Session Onsite and Online
Standard: $49.00

Digital Asset Taxation - Current Challenges, Developments and Regulation

Oct 31, 2022 11:45am ‐ Oct 31, 2022 12:35pm

Identification: NTA2207

This session will cover the latest guidance including proposed state and federal regulations and the latest topics in the AICPA Virtual Currency Task Force IRS comment letter. The panel will also discuss the practical challenges practitioners face when providing digital asset and virtual currency tax services other hot topics including the unique issues at the intersection of decentralized finance (DeFI), NFTs and the metaverse.

Learning Objectives:
  • Analyze the current regulatory developments on the state level including sales tax
  • Identify important digital assets issues including where new and additional guidance is needed
  • Apply practitioner best practices and considerations for digital assets
Speaker(s):
Category: Concurrent Session Onsite and Online
Standard: $49.00

The State of Estate Planning: 2025 Is Around the Corner

Oct 31, 2022 11:45am ‐ Oct 31, 2022 12:35pm

Identification: SOP2203

It is vitally important to stay on top of the latest updates and developments in trust and estate planning, especially in light of recent legislation and the evolving political landscape. During this presentation, you will be provided with practical advice and high-level tax guidance to advise your clients regarding the most tax-efficient planning techniques to help them achieve their objectives and goals. Topics covered will include limited family partnerships and family LLCs, trusts and estates, and charitable tax planning.

Learning Objectives:
  • Identify the trust and estate planning trends and innovations set in motion by the Consolidated Appropriations Act, CARES Act, SECURE Act, and Tax Cuts and Jobs Act.
  • Determine ways to help clients align their own wealth planning needs and philanthropic desires with new giving strategies and opportunities.
Speaker(s):
  • Justin Miller, J.D., LL.M., TEP, AEP(R), CFP(R), Partner and National Director of Planning, Evercore Wealth Management
Category: Concurrent Session Onsite and Online
Standard: $49.00

Key 2022 Tax Developments for Individuals

Oct 31, 2022 12:50pm ‐ Oct 31, 2022 1:40pm

Identification: NTA2208

This presentation covers highlights of the Inflation Reduction Act of 2022 that affect individuals, and the most important federal tax rulings of 2022 involving income, deductions, losses, virtual currency and other property, and procedural matters and their relevance to tax planning and compliance due diligence.

Learning Objectives:
  • Analyze 2022 rulings that represent new legal interpretations for individual taxation.
  • Identify tax planning and compliance points from the Inflation Reduction Act of 2022 and key 2022 court cases, regulations and IRS rulings.
  • Identify due diligence actions highlighted by 2022 individual tax law developments.
Speaker(s):
  • Annette Nellen, CPA, CGMA, Esq, Professor, MST Program Director, San Jose State University
Category: Concurrent Session Onsite and Online
Standard: $49.00