Between the Tax Cuts & Jobs Act, Wayfair, state changes and ongoing regulation, nothing is the same as last year. Come to the AICPA’s National Tax Conference, hosted in the heart of the nation’s capital and online, to master what you need to know so you can develop the appropriate, cohesive tax defense and compliance strategy for both businesses and individuals.
Beyond the long view, the conference will help you skillfully maneuver within the present timeframe. Guidance direct from the IRS, Treasury and the DOJ, combined with peers’ experiences and insights, will help you find the best path forward in advising your clients.
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This includes sessions from the conference: National Tax Conference 2018
Preparing Your Practice for the Future of Tax (Nov 12, 2018 07:00 AM)
How to be Successful at Offers-in-Compromise (Nov 12, 2018 07:00 AM)
Qualified Business Income: Understanding the Basics (Nov 12, 2018 10:45 AM)
Beyond the Fringe: Revisiting Entertainment, Meals, Club Dues, and Commuting (Nov 12, 2018 10:45 AM)
Qualified Business Income: The Regulations (Nov 12, 2018 01:00 PM)
Fiduciary Income Taxation: Elections, Traps and Opportunities (Nov 12, 2018 01:00 PM)
Individual Tax Update (Nov 12, 2018 01:00 PM)
The Tainted Specified Service Business - What It Is and Why We Don't Like It (Nov 12, 2018 02:45 PM)
Basic Estate & Basis Planning: What Every Practitioner Needs to Know (Nov 12, 2018 02:45 PM)
Transfer Pricing after the Tax Cuts and Job Act (Nov 12, 2018 02:45 PM)
The New Partnership Audit Regime has Arrived (Nov 12, 2018 03:45 PM)
Putting It On & Taking It Off: Managing Tax Basis Today (For Tomorrow) (Nov 12, 2018 03:45 PM)
Building by Example: QBI Case Studies (Nov 12, 2018 03:45 PM)
Tax Cuts and Jobs Act Impact on Real Estate (Nov 12, 2018 03:45 PM)
What is AICPA Advocating For You? (Nov 13, 2018 07:00 AM)
Transition Your Practice From Tax Preparer to Trusted Advisor (Nov 13, 2018 07:00 AM)
Planning for the Choice of Entity in the World of Tax Reform: Part I (Nov 13, 2018 10:40 AM)
Elder Planning (Nov 13, 2018 10:40 AM)
Foreign Disclosure Issues: Fixing the Past and Getting it Right for the Future (Nov 13, 2018 10:40 AM)
Planning for the Choice of Entity in the World of Tax Reform: Part II (Nov 13, 2018 11:40 AM)
Special Needs Planning (Nov 13, 2018 11:40 AM)
Privilege: A Right...sometimes (Nov 13, 2018 01:30 PM)
IRS Collection Procedures (Nov 13, 2018 01:30 PM)
One Year On: Elucidations In Applying Section 163(j) to Partnerships (Nov 13, 2018 02:30 PM)
Penalty Games: Reducing IRS Penalties (Nov 13, 2018 02:30 PM)
Divorce: It's Not What It Used To Be (Nov 13, 2018 03:40 PM)
Gift Tax Returns: What You Think You Know May Not Be So (Nov 13, 2018 03:40 PM)
Tax-Exempt Organization Update (Nov 13, 2018 03:40 PM)
How is your practice preparing for tomorrow? Adding the latest tech gadgets isn’t enough anymore. The tax profession is evolving in many aspects and at a rapid pace. Join us for an interactive roundtable discussion on changes being driven by tax reform, staff, clients, competitors, and technology. Learn how your practice will be impacted and the AICPA resources available to help your business evolve.
Per the IRS Data Book (2017), 62,000 offers in compromise were proposed with an acceptance rate of 40.3%. In order to take advantage of this powerful tool, practitioners should understand the concepts of the program, while also learning some of the tips and tricks to have a successful submission.
After over 10 years of serious plans for reshaping the tax system, on December 22, 2017 a variety of expectations became reality for some and disappointment for others. On June 21, 2018, Wayfair was decided reversing over five decades of judicial precedent limiting state’s rights to tax based on physical presence. New regulations, updated procedures and judicial decisions continue. The repercussions seem endless, and the challenges overwhelming. The guest speakers will shed light on intentions, current interpretations and expectations.
New IRC 199A allows a 20% deduction for 'qualified business income' from a 'qualified trade or business' -- but who qualifies and how does this work? We'll walk through the requirements for the deduction and point out why the deduction amount may be substantially less than expected.
At the end of this learning sessions, participants should be able to:
The Tax Cuts and Jobs Act shakes up the tax rules for meals, entertainment, transportation benefits, and other fringes for both for profits and not-for-profits. It is the employer that loses the tax deduction, or in the case of not-for-profits to a limited extent is penalized. This session however will present some strategies that will get the optimum results despite these complex new and negative fringe benefit tax rules.
This session will provide a comprehensive review of the most recent regulatory guidance on Section 199A.
At the end of this session, the participants will be able to:
TCJA changes to the individual income tax rules have will have a HUGE impact on fiduciary income tax returns. This session will cover changes in flow through business deductions, investment related deductions, and SALT. We will also look at opportunities related to Electing Small Business Trusts (ESBTs) and planning for the Net Investment Income Tax (NIIT).
This session will cover key federal tax developments, including those related to the Tax Cuts and Jobs Act, on income, deductions, credits, ACA, property transactions, and procedures relevant to individuals.
High income taxpayers don’t receive the benefit of the Section 199A deduction for income generated from specified service businesses. This session strives to define the SSB for the participants.
By the end of this session, the participant should be able to:
With the new $11.18 million exclusion amount ($22.36 for married couples), most taxpayers are no longer subject to federal gift and estate tax (at least through 2025). Yet planning is as important as ever, between existing documents that may no longer work, and new strategies designed to take advantage of the $11.18 million exclusion, with an eye to obtaining a basis step-up for appreciated assets. This session will review what every practitioner needs to know in terms of planning basics, such as wills, revocable trusts, beneficiary designations, and types of property ownership, as well as offer suggestions for going forward in an uncertain planning environment.