Packages Display Packages

This includes sessions from the conference: National Tax Conference 2018

Sessions Included:

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)

Welcome and Introductions & The New Tax Laws: What Do They Mean to Me? Perspectives from Drafters, Decision Makers, States & Stakeholders (Nov 12, 2018 08:00 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)


Preparing Your Practice for the Future of Tax

Nov 12, 2018 7:00am ‐ Nov 12, 2018 7:50am

Identification: NTA18201

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.

  • Recognize the challenges involved with a changing tax landscape. 
  • Identify tax planning opportunities for a more productive and efficient practice.

How to be Successful at Offers-in-Compromise

Nov 12, 2018 7:00am ‐ Nov 12, 2018 7:50am

Identification: NTA18202

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.

  • Recognize what Offer-in-Compromise is.
  • Determine how the Offer-in-Compromise is calculated.

Welcome and Introductions & The New Tax Laws: What Do They Mean to Me? Perspectives from Drafters, Decision Makers, States & Stakeholders

Nov 12, 2018 8:00am ‐ Nov 12, 2018 10:15am

Identification: NTA1801

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.

  • Recognize the challenges, intentions, current interpretations and expectations of the Tax Cuts and Jobs Act and the implications to clients.

Qualified Business Income: Understanding the Basics

Nov 12, 2018 10:45am ‐ Nov 12, 2018 12:00pm

Identification: NTA1802

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:

  • Remember that the deduction applies to qualified business income
  • Recognize that Specified Service Business income may or may not be QBI
  • Identify taxpayers subject to additional limitations to the deduction

Beyond the Fringe: Revisiting Entertainment, Meals, Club Dues, and Commuting

Nov 12, 2018 10:45am ‐ Nov 12, 2018 12:00pm

Identification: NTA1803

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.

  • Recognize the post-2017 complex rules relating to Section 274 meals, entertainment, and fringe benefits. Understand how the rules affect both for-profit and not-for-profit employers
  • Identify the strategies and exceptions, both old and new, which continue to apply to allow a favorable tax result despite the changes in the law.

Qualified Business Income: The Regulations

Nov 12, 2018 1:00pm ‐ Nov 12, 2018 2:15pm

Identification: NTA1806

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:

  • Demonstrate an understanding of issues presented to Treasury / IRS in the rulemaking process under section
  • Demonstrate an understanding of recent guidance provided by Treasury / IRS with respect to section 199A.

Fiduciary Income Taxation: Elections, Traps and Opportunities

Nov 12, 2018 1:00pm ‐ Nov 12, 2018 2:15pm

Identification: NTA1807

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).

  • Determine the changes that will impact the preparation of Fiduciary Income Tax returns this coming filing season.
  • Identify planning opportunities related to investment advisory fees, the Net Investment Income Tax (NIIT) and ESBTs.

Individual Tax Update

Nov 12, 2018 1:00pm ‐ Nov 12, 2018 2:15pm

Identification: NTA1809

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.

  • Identify key tax developments from Congress, the IRS and the courts that affect individuals, including TCJA guidance and what to do when guidance is missing.
  • Recognize due diligence and planning ideas from recent federal tax developments.

The Tainted Specified Service Business - What It Is and Why We Don't Like It

Nov 12, 2018 2:45pm ‐ Nov 12, 2018 3:35pm

Identification: NTA1810

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:

  • Identify those businesses defined as specified service businesses
  • Recognize that the IRS needs to provide additional guidance to clarify whether some businesses are SSBs
  • Inform clients as to the benefits of not being an SSB

Basic Estate & Basis Planning: What Every Practitioner Needs to Know

Nov 12, 2018 2:45pm ‐ Nov 12, 2018 3:35pm

Identification: NTA1811

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.

  • Recognize key planning documents and what they
  • Identify suggestions on possible “going forward” steps