Tax Strategies for the High-Income Individual (as part of AICPA & CIMA ENGAGE 2022)

Jun 6, 2022 ‐ Jun 9, 2022


This includes sessions from the conference: Tax Strategies for the High-Income Individual (as part of AICPA & CIMA ENGAGE 2022)

Standard: $379.00

Products

The surprising state tax consequences triggered by employees who work from home

Preview Available

The surprising state tax consequences triggered by employees who work from home

Jun 7, 2022 2:30pm ‐ Jun 7, 2022 3:45pm

The COVID-19 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 state tax consequences of this new paradigm. Does the employee’s presence in another state mean that the employer is doing business (and subject to tax) in that state? What are the state tax concerns of an employee who is employed in one state while working in another? Can two states tax the same earned income (hint: yes they can)?

Speaker(s):
Standard: $49.00

College and Student Loan Planning for the Next Decade: Practical Strategies for Success (PFP, EST, TAX)

Preview Available

College and Student Loan Planning for the Next Decade: Practical Strategies for Success (PFP, EST, TAX)

Jun 7, 2022 4:15pm ‐ Jun 7, 2022 5:30pm

Federal loans, private loans, subsidized loans, unsubsidized loans, income-based repayment, income contingent repayment, consolidation, deferment, forbearance, forgiveness. Confused yet? These are the terms you need to know as you help your clients navigate the education planning process both before their children go off to college and after graduation. With total student loan debt exceeding the $1.6 trillion mark, interest rates remaining at all-time low levels, and widespread economic relief ending for millions of federal education loan borrowers, advisors need to help their clients develop an optimal tax-efficient repayment strategy for a unique type of consumer debt where traditional debt management strategies simply won't cut it.

Speaker(s):
  • Dr. Ross A. Riskin, DBA, CPA/PFS, CCFC, MS Tax, Chief Learning Officer, Investments & Wealth Institute
Standard: $49.00

Identifying Tax Traps and Financing Nuances for Families Caring for Children with Special Needs

Preview Available

Identifying Tax Traps and Financing Nuances for Families Caring for Children with Special Needs

Jun 7, 2022 4:15pm ‐ Jun 7, 2022 5:30pm

In addition to reviewing the general framework in individual tax planning for our families and the implications of 2017’s Tax Cuts and Jobs Act in planning, 2021's American Rescue Plan Act, and current legislation, our session will focus on some financing nuances associated with the medical expense deduction (i.e., retirement planning distributions and home equity loans), the tax benefit rule, and the interaction of the medical expense and home equity deductions in planning. In addition, the Alternative Minimum Tax will be reviewed. If time permits, an income tax case study will illustrate the impact of these various provisions.

Speaker(s):
Standard: $49.00

Investing in Crypto and the Current State of the Blockchain Ecosystem (PFP, NAA, EST, TAX, PST, FIN)

Preview Available

Investing in Crypto and the Current State of the Blockchain Ecosystem (PFP, NAA, EST, TAX, PST, FIN)

Jun 7, 2022 4:15pm ‐ Jun 7, 2022 5:30pm

46 million Americans now own bitcoin. Yet, only a few tax professionals understand how to help individuals and businesses dealing with cryptocurrency. This session walks you through tax implications of common cryptocurrency-related transactions and how to successfully service clients affiliated with cryptocurrency. We will also cover current developments surrounding this topic, such as the inclusion of the virtual currency question on the front of Form 1040 and tax planning opportunities.

Speaker(s):
Standard: $49.00

Future of Business & Finance- New Road, New Models, and New Competencies to Thriving in the 20s and beyond

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Future of Business & Finance- New Road, New Models, and New Competencies to Thriving in the 20s and beyond

Jun 8, 2022 12:30pm ‐ Jun 8, 2022 2:00pm

Join Tom and his Executive Panel of Business Leaders to review the findings of a special AICPA Future of Finance Research and Execution centered NeXT practices, new competencies, pathways, critical issues, and priorities focused around finance transformation and value creation. You will learn and discuss how to mature in areas such as data analysis, automation, ESG and more. This interactive session will include roundtable discussions to create actional insights for your organization.

Speaker(s):
  • Tom Hood, CPA, CITP, CGMA, EVP of Business Engagement & Growth, Association of International Certified Professional Accountants and Business Learning Institute
  • Barry Payne, Director - External Relations, Management Accounting, Association of International Certified Professional Accountants
Standard: $49.00

Demistyfying Distributable Net Income

Preview Available

Demistyfying Distributable Net Income

Jun 8, 2022 2:00pm ‐ Jun 8, 2022 3:15pm

Demystifying Distributable Net Income (DNI) – This session will discuss the theory behind distributable net income (DNI), how the Internal Revenue Code defines DNI and the three reasons why DNI is important. The program will review sample calculations of DNI and how DNI gets reported on a Form 1041. The program will discuss how DNI gets allocated among the beneficiaries of a simple trusts and complex trust including a discussion of the tier system, the separate share rule, the 65 day rule, specific bequests and distributions in kind. This program will incorporate drafting techniques to incorporate into estate planning documents to achieve the best income tax results.

Speaker(s):
  • Jeremiah W. Doyle, BS (Accounting), J.D.,LL.M. (Taxation), LL.M. (Banking Law), SVP/Family Wealth Strategist, BNY Mellon Wealth Management
Standard: $49.00

Estate Planning for Non-Taxable Estates 10M and Less (PFP, EST, TAX)

Preview Available

Estate Planning for Non-Taxable Estates 10M and Less (PFP, EST, TAX)

Jun 8, 2022 2:00pm ‐ Jun 8, 2022 3:15pm

This session will cover the importance of planning for the modest estate owner, making the portability election vs. use of a credit shelter trust, state death tax considerations, filing the decedent's final return including the use of losses, disclaimers, administrative and fiduciary elections available to the executor including Sections 645 and 663(b), gift tax elections, along with elections available if the decedent was an owner in a partnership or S corporation, and much more!

Speaker(s):
Standard: $49.00

AmplifiHER: Inspirational Women Breaking Ceilings and Stereotypes in the Profession (All Tracks)

Preview Available

AmplifiHER: Inspirational Women Breaking Ceilings and Stereotypes in the Profession (All Tracks)

Jun 8, 2022 2:00pm ‐ Jun 8, 2022 3:15pm

Listen to women in the profession talk about how they were able to overcome barriers and achieve their accomplishments while not falling prey to the “superwoman” mentality.

Moderator(s): Speaker(s):
Standard: $49.00

Ethical Dilemmas in Representation

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Ethical Dilemmas in Representation

Jun 8, 2022 3:30pm ‐ Jun 8, 2022 4:45pm

This program will cover the Circular 230 and AICPA ethics rules that apply to tax practitioners, and how they can help us navigate difficult situations with clients. We will discuss our ethical duties in when we discover a client's non-compliance, how to handle a client who does not want to cooperate with an audit, and how to correct false information provided by the client to the IRS.

Speaker(s):
Standard: $49.00

Tools and Trends in Philanthropic Planning: DAFs, Impact Investing and More (PFP, EST, TAX)

Preview Available

Tools and Trends in Philanthropic Planning: DAFs, Impact Investing and More (PFP, EST, TAX)

Jun 8, 2022 3:30pm ‐ Jun 8, 2022 4:45pm

The field of philanthropy is evolving faster than ever, with new knowledge and innovation, along with hazards and even harmful practices to avoid. Recent events created urgency in philanthropic responses, shed light on the incredible growth of donor-advised funds, and sparked conversations on being a better donor. The social impact landscape and toolbox require an updated look at the current context for social change, from philanthropy to social entrepreneurship to impact investing, advocacy, business influence, leadership, purchasing power, and more. Advisors are expected to be fluent in philanthropic conversation and tools. How do we help our clients navigate these changing times and take advantage of various planning tools that are readily available to do good? How can we help those seeking new knowledge and support as they shift to devote more time and resources to deepen or refresh their role as philanthropists? This session is designed for advisors like you to integrate philanthropic concepts to further your practice and personal development in this moment of need, change, and action.

Speaker(s):
  • Dien Yuen, JD/LLM, CAP, AEP, Executive Director, Center for Philanthropy & Social Impact, The American College of Financial Services
Standard: $49.00