National Tax Conference 2018


This includes sessions from the conference: National Tax Conference 2018

Standard: $379.00

Products

Preparing Your Practice for the Future of Tax

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Preparing Your Practice for the Future of Tax


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.

Speaker(s):
  • Cari Weston, CPA, CGMA, Director - Tax Practice & Ethics, AICPA
  • April Walker, CPA, CGMA, Lead Manager, Tax Practice & Ethics - Tax Section, AICPA
  • Minh Graham, CPA, Lead Manager, Tax Practice & Ethics - Tax Section, AICPA
Tags: Early Riser
Standard: $49.00

How to be Successful at Offers-in-Compromise

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How to be Successful at Offers-in-Compromise


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.

Speaker(s):
Tags: Early Riser
Standard: $49.00

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

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


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.

Speaker(s):
Standard: $49.00

Qualified Business Income: Understanding the Basics

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Qualified Business Income: Understanding the Basics


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

Speaker(s):
Standard: $49.00

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

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


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.

Speaker(s):
Standard: $49.00

Qualified Business Income: The Regulations

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Qualified Business Income: The Regulations


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.

Speaker(s):
  • Troy K. Lewis, CPA, CGMA, Associate Teaching Professor, BYU
  • Ben Weaver, J.D., Attorney-Advisor, Office of Chief Counsel, IRS
Standard: $49.00

Fiduciary Income Taxation: Elections, Traps and Opportunities

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Fiduciary Income Taxation: Elections, Traps and Opportunities


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.

Speaker(s):
Standard: $49.00

Individual Tax Update

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Individual Tax Update


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.

Speaker(s):
Standard: $49.00

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

Preview Available

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


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

Speaker(s):
  • Kyle Brown, CPA, Manager, RSM US LLP, Washington, DC
Standard: $49.00

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

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


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

Speaker(s):
Standard: $49.00
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