Packages Display Packages

This includes sessions from the conference: 2021 AICPA & CIMA National Tax & Sophisticated Tax Conferences with Private Foundation Summit

Sessions Included:

Retirement Transition: Crucial Decisions That Matter Most (Nov 16, 2021 11:40 AM)

The future of work is a hybrid environment. Are you ready? (Nov 17, 2021 01:45 PM)

Accounting Standards Update - Impact of Current and Future Changes (Nov 18, 2021 02:35 PM)

Evaluating Sustainability - Shaping Expectations in the Wake of a Pandemic (Nov 17, 2021 04:30 PM)

Results of Performing a Cybersecurity Assessment on an Organization (Nov 17, 2021 05:30 PM)

Risk and Insurance Climate in 2022: Trends, Pitfalls, and Lifelines (Nov 18, 2021 01:35 PM)

Enforcement Priorities: High-Income Non-Filers & High Wealth Taxpayers (Nov 15, 2021 12:50 PM)

Navigating the Charitable Transfer of a Business Interest (Nov 15, 2021 11:00 AM)

Where, Oh Where Is My Trust Taxed? (Nov 15, 2021 09:55 AM)

BBA Partnership Update: AARs, Exams, and Coming Developments (Nov 16, 2021 01:30 PM)

Should Everyone be an Employee? Policy for the Modern Workforce (Nov 16, 2021 03:15 PM)

Key 2021 Rulings: Business Tax Developments (Nov 15, 2021 11:00 AM)

Current Tax Developments for Individuals and Closely Held Businesses (Nov 15, 2021 09:55 AM)

Protecting the Security of Tax Client Information (Nov 15, 2021 12:50 PM)

Using (Rather Than Losing) Losses for Individual Taxpayers (Nov 15, 2021 04:05 PM)

Best Ideas from the Conference: Yours and Ours (Nov 16, 2021 04:40 PM)

Working Remotely - Tax Issues for the Employer and the Employee (Nov 15, 2021 04:05 PM)

Current Developments in Accounting for Income Taxes (Nov 15, 2021 09:55 AM)

Equity Compensation Practices, Pitfalls and Federal Income Taxation (Nov 16, 2021 03:15 PM)

Choice of Entity - A question of Cash Flows and Exits (Nov 15, 2021 02:20 PM)

Disaster Filing Deadlines and Casualty Losses (Nov 16, 2021 01:30 PM)

Welcome Remarks & Opening Keynote Presentation (Nov 15, 2021 08:00 AM)

Circular 230: a Look Back and a Look Ahead (Nov 15, 2021 11:00 AM)

Becoming a Digital Asset Expert (Nov 15, 2021 12:50 PM)

International Tax Update (Nov 15, 2021 02:20 PM)

Adapting to Wherever, Whenever and Work From Home Environment (Nov 15, 2021 02:20 PM)

Global Mobility: Changing Work Locations and Tax Jurisdictions (Nov 15, 2021 04:05 PM)

Identifying and Targeting Tax Shelters: Microcaptives, Conservation Easements and Beyond (Nov 16, 2021 11:40 AM)

Passthrough Arrangements: Partnership Tune-up Update (Nov 16, 2021 11:40 AM)

COVID Pandemic Tax Relief - Where Are We Now? (Nov 16, 2021 11:40 AM)

Deconstructing the K1 (inc. K2 and K3) (Nov 16, 2021 03:15 PM)

Sponsored Session: The Emergence of Analytics for Tax Positions (Nov 16, 2021 08:00 AM)

Sponsored Session: Nuts & Bolts of Cryptocurrency Taxation (Nov 16, 2021 08:00 AM)

Sponsored Session: Selling Your Brain NOT Your Time: Subscription Pricing for tax Professionals (Nov 16, 2021 08:00 AM)

Planning to Obtain an Increased Cost Basis at Death (Nov 16, 2021 01:30 PM)

Planning for Distributions from IRAs (Nov 16, 2021 03:15 PM)

IRS Executive Updates (Nov 16, 2021 09:05 AM)

Estate Planning Nuggets in a Changing Tax World (Nov 15, 2021 04:05 PM)

Mergers and Acquisitions - Making Your Business an Attractive Target (Nov 15, 2021 02:20 PM)

Welcome Remarks & Update from the IRS (Nov 17, 2021 10:30 AM)

Troublesome Taxable Expenditure (Section 4945) Issues (Nov 17, 2021 03:10 PM)

ROUNDTABLE DISCUSSION: Complex Tax Reporting Issues for Private Foundations (Nov 18, 2021 08:30 AM)

Panel: How Private Foundations adapt, grow, and thrive (Nov 18, 2021 11:20 AM)

Striking a Balance (Nov 18, 2021 03:55 PM)

Transactions with disqualified persons in the family office setting (Nov 17, 2021 11:30 AM)

Tax Planning Opportunities for Real Estate and Partnerships (Nov 16, 2021 01:30 PM)

How to Help Small Business Navigate Complexity on Small Tax Budgets (Nov 15, 2021 12:50 PM)

Avoiding and Defending Against Penalties - Part 2 (Nov 15, 2021 11:00 AM)

Avoiding and Defending Against Penalties - Part 1 (Nov 15, 2021 09:55 AM)

What's Next for Philanthropy (Nov 18, 2021 10:00 AM)

AICPA Tax Advocacy Update (Nov 16, 2021 08:00 AM)

Learning Lab - Crypto and your firm's response sponsored by CPA.com (Nov 15, 2021 03:40 PM)

Learning Lab - How Accounting Technology broke Public Accounting sponsored by BaCo Tech (Nov 16, 2021 11:10 AM)


Welcome Remarks & Opening Keynote Presentation

Nov 15, 2021 8:00am ‐ Nov 15, 2021 9:25am

Identification: NTSP2101



Over the past five years, major tax law changes seem to be one of the natural consequences of single-party control in Washington. Although a unified government is common at the beginning of a new president’s term, single-party control also tends to end with the first midterm election. What do condensed periods of unified government mean for tax policy as well as the stability and simplicity of the tax code? Where do areas of bipartisan consensus exist on tax policy and how might bipartisan proposals advance under future single-party rule? Which tax proposals are more likely to advance in divided government?

Session Objectives:



  • Learn how “the weaponization of procedure” contributes to volatile tax policy.
  • Briefly review select and recent tax law changes with important profession-level impacts.
  • Understand where areas of tax policy consensus exist for purposes of future bipartisan tax efforts.
Category: Conference Keynote Onsite and Online

Current Developments in Accounting for Income Taxes

Nov 15, 2021 9:55am ‐ Nov 15, 2021 10:45am

Identification: NTA2102

This session will provide an update on recent developments in the area of accounting for income taxes.  It will consider the accounting implications of the administration's tax plan.  In this session we'll also consider recent comments from the SEC on accounting for income taxes.

Learning Objectives:
  • To understand recent developments in the area of accounting for income taxes
  • To be familiar with accounting for income taxes matters that may be of interest to the SEC
Category: Concurrent Session Onsite and Online

Avoiding and Defending Against Penalties - Part 1

Nov 15, 2021 9:55am ‐ Nov 15, 2021 10:45am

Identification: NTA2103

In the current environment of increased IRS enforcement and administrative delays, learning how to avoid and defend against penalties has become more important than ever.  This session will cover a myriad of late filing, payment and deposit penalties, including those that apply to international information returns.  The panelist will discuss the basics of when penalties apply and will highlight avenues for resolution and what tax practitioners can do to keep their clients out of IRS Collections.

Learning Objectives:
  • Identify the situations that give rise to various taxpayer penalties
  • Understand how the IRS assesses different penalties and how they can be challenged
Category: Concurrent Session Onsite and Online

Current Tax Developments for Individuals and Closely Held Businesses

Nov 15, 2021 9:55am ‐ Nov 15, 2021 10:45am

Identification: NTA2104

This session in a year in review of notable tax developments affecting individuals, estate and trust and their associated business entities. It will cover legislative and regulatory developments as well as notable court cases occurring in 2021.

Learning Objectives:
  • Understand developments in individual & fiduciary income tax in 2021
  • Understand developments in estate & gift tax in 2021
  • Understand developments in entity taxes impacting closely held businesses in 2021
Category: Concurrent Session Onsite and Online

Where, Oh Where Is My Trust Taxed?

Nov 15, 2021 9:55am ‐ Nov 15, 2021 10:45am

Identification: SOP2102

States use a myriad of criteria to determine whether a trust should be taxed as a resident trust for income tax purposes, and these criteria vary significantly from state to state.  This session will discuss the ways in which a trust can become subject to a state's income tax.  This session will also discuss the unforeseen tax issues when a trust has ties to several states, along with planning opportunities and practical considerations.

Learning Objectives:
  • Define 6 basic ways in which a trust can become subject to a state's income tax.
  • Summarize relevant case law, including the reliance, or lack thereof, on the Commerce Clause and Due Process Clause.
  • Utilization of credits when trust is taxed in several states.
  • Planning opportunities and practical considerations when trust is taxed in several states.
Category: Concurrent Session Onsite and Online

Circular 230: a Look Back and a Look Ahead

Nov 15, 2021 11:00am ‐ Nov 15, 2021 11:50am

Identification: NTA2105

CPAs providing tax services are subject to a myriad of rules and standards when servicing their clients in the everchanging subject of taxation. Join us for a review of the various standards that tax practitioners need to adhere to including Treasury Department Circular No. 230, the AICPA’s Statements on Standards for Tax Services (SSTSs) and the Code of Professional Conduct. Hear about the upcoming revisions to Circular No. 230 and the SSTSs, what is changing and when these new standards will become effective.

Learning Objectives:
  • Understand the existing ethical requirements that CPA tax practitioners must adhere to, including Circular No. 230, the AICPA’s Code of Professional Conduct and the SSTSs
  • Understand the upcoming changes to the existing tax standards and the subjects being considered in these revisions so as to better serve your clients and comply with these updated rules.
Category: Concurrent Session Onsite and Online

Avoiding and Defending Against Penalties - Part 2

Nov 15, 2021 11:00am ‐ Nov 15, 2021 11:50am

Identification: NTA2106

Building on the prior session, this panel will discuss the various voluntary disclosure programs available to taxpayers who wish to remedy prior omissions while minimizing penalty exposure.  The panelists will also review accuracy-related penalties, preparer penalties and other "miscellaneous" penalties such as those imposed for erroneous refund claims.  Lastly, the session will cover best practices for documenting facts and tax positions to put you and your clients in the best position to defend against potential penalties.

Learning Objectives:
  • Identify the voluntary disclosure programs that may be used to avoid penalties
  • Describe other common (and less common) penalties assessed by the IRS
  • Understand how contemporaneous documentation can help tax practitioners and clients defend against penalties
Category: Concurrent Session Onsite and Online

Key 2021 Rulings: Business Tax Developments

Nov 15, 2021 11:00am ‐ Nov 15, 2021 11:50am

Identification: NTA2107

COVID-19 tax guidance continued to be issued in 2021, even for 2020 returns. In addition there were many court decisions and IRS rulings in 2021 relevant to all types of businesses and non-profit entities. This presentation covers key developments involving COVID-19 business tax provisions, deductions, accounting methods, research credit, new forms and any law changes. Due diligence and planning considerations will be emphasized throughout.

Learning Objectives:
  • Identify tax planning and compliance points from key 2021 law changes, court cases, regulations and IRS rulings.
  • Understand 2021 rulings that represent new legal interpretations for taxation of businesses and non-profit entities.
Category: Concurrent Session Onsite and Online

Navigating the Charitable Transfer of a Business Interest

Nov 15, 2021 11:00am ‐ Nov 15, 2021 11:50am

Identification: SOP2103

A charitable gift of an interest in a closely held business requires careful planning.  This session will discuss the various tax and valuation issues that arise, including timing, substantiation, and reporting.  In addition, this session will address how the charitable transfer is affected by the both the type of charity (i.e., Public Charity, DAF, Private Foundation) and type of business (i.e., C corporation, S corporation, Partnership).

Learning Objectives:
  • Discuss various tax and valuation issues, including timing, substantiation, and reporting.
  • Considerations for different types of charities (i.e., Public Charity, DAF, Private Foundation).
  • Considerations for different types of businesses (i.e., C corporation, S corporation, Partnership).
Category: Concurrent Session Onsite and Online

Becoming a Digital Asset Expert

Nov 15, 2021 12:50pm ‐ Nov 15, 2021 2:05pm

Identification: NTA2108

This session will cover the current guidance on taxation of virtual currency and the IRS's increased attention to this area.  This session will also cover virtual currency’s rapid growth and why it matters to practitioners today.  The panel will also cover the current enforcement and regulatory efforts regarding virtual currencies.

Learning Objectives:
  • Understand the current IRS guidance and increased focus on virtual currencies.
  • Understand current regulatory and enforcement approaches to virtual currency.
Category: Concurrent Session Onsite and Online