Thumbnail for 2022 AICPA & CIMA National Tax & Sophisticated Tax Conference

2022 AICPA & CIMA National Tax & Sophisticated Tax Conference


For tax practitioners, there’s no better place to get immersed in current events than the AICPA & CIMA National Tax Conference. Our coverage of the federal tax ecosystem — the key players, new legislative action, practice implications — will be critical to your positioning for future success.

Master what you need to know, so you can develop the appropriate, cohesive tax defense and compliance strategy for both businesses and individuals.


The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association’s website, educational materials, products, and services. The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association’s Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately. 

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This includes sessions from the conference: 2022 AICPA & CIMA National Tax & Sophisticated Tax Conference

Sessions Included:

Welcome Remarks & Opening Keynote Presentation: Is the 21st Century IRS Ready to Really Stand Up? (Oct 31, 2022 08:00 AM)

Practical - Process for Adjusting Partnership Returns Under Bipartisan Budget Act of 2015 (BBA) (Oct 31, 2022 09:30 AM)

How to Prepare Your Client for Due Diligence: M&A Checklist (Oct 31, 2022 09:30 AM)

Tax Planning Opportunities for Real Estate and Partnerships (Oct 31, 2022 09:30 AM)

IRA Update/Distribution Planning (Oct 31, 2022 09:30 AM)

Business Tax Update: Key 2022 Rulings (Oct 31, 2022 11:45 AM)

Planning with Stock Options & Partnership Profit Interests (Oct 31, 2022 11:45 AM)

Digital Asset Taxation - Current Challenges, Developments and Regulation (Oct 31, 2022 11:45 AM)

The State of Estate Planning: 2025 Is Around the Corner (Oct 31, 2022 11:45 AM)

Key 2022 Tax Developments for Individuals (Oct 31, 2022 12:50 PM)

Today’s International Strategies: Opportunities and Traps (Oct 31, 2022 12:50 PM)

Crystal Ball Gazing: Current and Future Legislative Update - What Should You Be Telling Your Clients? (Oct 31, 2022 12:50 PM)

Overview of Current Elder Planning Topics (Oct 31, 2022 12:50 PM)

It's Not Too Late to Plan for Tax Season (Oct 31, 2022 02:10 PM)

K-2 and K-3 Filings (Oct 31, 2022 02:10 PM)

Does Your Family Need an Office: Legal and Tax Structures in Organizing or Restructuring a Family Office (Oct 31, 2022 02:10 PM)

Retirement Planning for Small Business Owners (Oct 31, 2022 02:10 PM)

How to Protect Your Clients from Themselves: "I Heard About This Tax Deduction on Social Media" (Oct 31, 2022 03:15 PM)

U.S. Person's Disclosure Dilemmas (Oct 31, 2022 03:15 PM)

Living with the New Professional Standards from the AICPA and the IRS: SSTS and Circular 230 (Oct 31, 2022 03:15 PM)

State of Charitable Giving: From Basics to Billionaires (Oct 31, 2022 03:15 PM)

Supporting AICPA Members through Tax Advocacy and in their Tax Practices (Nov 01, 2022 07:00 AM)

Inflation Reduction Act of 2022: Corporate AMT (Nov 01, 2022 07:00 AM)

Powering Prosperity with Tax Advisory (Sponsored by Intuit) (Nov 01, 2022 07:00 AM)

Sid Kess Award, Morning Announcements and IRS and Treasury Update (Nov 01, 2022 08:00 AM)

IRS Examination Priorities (Nov 01, 2022 10:40 AM)

Dealing with the Client Receipt of Multiple State K-1s (Nov 01, 2022 10:40 AM)

Corporate Transparency Act (CTA) is Around the Corner - Are You and Your Clients Ready? (Nov 01, 2022 10:40 AM)

Post-Mortem & Disclaimer Planning (Nov 01, 2022 10:40 AM)

Reasonable Cause in Current Times: Helping Clients with IRS Penalty Abatement (Nov 01, 2022 02:30 PM)

Pass-through Entity Tax (PTET): Current Challenges and What's Next (Nov 01, 2022 12:45 PM)

Choice of Entity: One Size Doesn't Fit All (Nov 01, 2022 12:45 PM)

The Income Taxation of Trusts and Estates (Nov 01, 2022 12:45 PM)

Work from Anywhere, Business Obligations & Opportunities: Employees and Clients Throughout the US (Nov 01, 2022 12:45 PM)

Section 1202 Qualified Small Business Stock: Requirements and Traps for the Unwary (Nov 01, 2022 02:30 PM)

Planning with a Surviving Spouse (Nov 01, 2022 02:30 PM)

Panel Discussion: Best Ideas from the Conference: Yours and Ours (Nov 01, 2022 03:55 PM)

$37900
Standard Price
  • Thumbnail for Welcome Remarks & Opening Keynote Presentation: Is the 21st Century IRS Ready to Really Stand Up?
    Identification
    NTSP2201
    Date
    October 31, 2022

    A little over 20 years ago, the Internal Revenue Service was reorganized from a geographically distributed service organization into the beginning of a technology driven organization based on four categories of customers: large businesses including international organizations, small businesses, not for profits, and individuals. At the same time, conversion from paper processing to electronic processing commenced in earnest, with the expectation of utilizing data driven efficiencies to facilitate taxpayer services, collection and enforcement. The lack of sustained funding, combined with the frequent enactment of increasingly complex tax laws, stalled completion of visionary technological changes expected for improved customer service and appropriately targeted efforts to defeat noncompliance. During 2022, $80 billion of additional long-term funding was promised. Will funds alone ensure a modern-functioning agency for the 21st century? What’s next?

    Objectives

    • Determine the risks and challenges the IRS faces in tax law administration
    • Identify what are the non-financial needs are to reach modernization
    • Calculate how tax practitioners can work with and support the IRS’s efforts
    • Identify how an efficient tax system benefits taxpayers and practitioners alike

    Speakers

    Speaker Image for David Lifson
    Senior Advisor, Crowe LLP
    Speaker Image for Fred Goldberg
    Former Commissioner of the Internal Revenue Service, Skadden, Arps, Slate, Leagher & Flom
    Speaker Image for Charles Rossotti
    Former Commissioner of the Internal Revenue Service, Carlyle
    $4900
    Standard Price
  • Thumbnail for Practical - Process for Adjusting Partnership Returns Under Bipartisan Budget Act of 2015 (BBA)
    Identification
    NTA2202
    Date
    October 31, 2022

    For tax years beginning on or after January 1, 2018, partnerships that do not elect out of the federal centralized partnership audit regime enacted by the Bipartisan Budget Act of 2015 (BBA) cannot amend Forms 1065 or Schedules K-1. Instead, these partnerships must file an Administrative Adjustment Request (AAR). The novel AAR process is exceedingly complex for partnerships, as well as for partners that receive statements showing their allocable share of AAR adjustments. A few states have addressed how partnerships and partners should account for adjustments on a federal AAR, though most have not, adding further complexity to partnership tax compliance. The presenters will explain the process for filing a federal AAR, including situations where the partnership allocates adjustments to their partners, and discuss relevant forms such as the Form 8082, Form 8985, and Form 8986. The presenters will also describe the steps partners need to take if they receive an statement with their allocable share of AAR adjustments. In addition, the presenters will describe how states have addressed state tax filing obligations for partnerships filing federal AARs and their partners.

    Objectives

    • Select the process for filing an AAR
    • Determine the steps partners receiving AAR adjustments need to take
    • Identify state tax filing obligations associated with AARs filed with the IRS

    Speakers

    Speaker Image for Brian Myers
    Partner, Crowe LLP
    $4900
    Standard Price
  • Thumbnail for How to Prepare Your Client for Due Diligence: M&A Checklist
    Identification
    NTA2203
    Date
    October 31, 2022

    Over the last two years, the mergers and acquisitions market has been soaring, and so has the level of focus and diligence buyers are putting towards the tax compliance of target companies. This course will help participants prepare for questions that come up during tax due diligence and allow them to ensure their clients are ready for these questions well in advance of a liquidity event.

    Objectives

    • Apply the common questions and documentation that becomes the focus of tax due diligence prior to a sale
    • Determine how you can prepare your client from both a tax and financial standpoint for a liquidity event.

    Speakers

    Speaker Image for Shaune Scutellaro
    Partner, CohnReznick, LLP
    Speaker Image for Rob Keller
    Rob Keller, CPA, J.D., LL.M. (Taxation)
    Partner, Washington National Tax, KPMG
    Speaker Image for Samuel Williams
    Partner, BrownRudnick
    $4900
    Standard Price
  • Thumbnail for Tax Planning Opportunities for Real Estate and Partnerships
    Identification
    NTA2204
    Date
    October 31, 2022

    This session will cover the latest developments in tax planning opportunities and risks for real estate owners, developers and managers focusing on partnership structures that are the principal choice of entity. We will include a refresher on basic and intermediate transaction planning considerations and advanced creative planning concepts. Included will be a discussion of tweaks in the new Infrastructure law, and the risk of tax law changes, including on the shelf proposals yet to be enacted.

    Objectives

    • Analyze advanced knowledge regarding current changes in the tax laws as they affect real estate and partnership taxation.
    • Identify tax planning opportunities, and pitfalls, for real estate trades or businesses, with a focus on the impact on those operating as partnerships.

    Speakers

    Speaker Image for Paul Wilner
    Managing Partner, Grossberg Company LLP
    Speaker Image for Brian O'Connor
    Brian O'Connor, J.D., LL.M. (Taxation)
    Partner, Venable LLP
    $4900
    Standard Price
  • Thumbnail for IRA Update/Distribution Planning
    Identification
    SOP2202
    Date
    October 31, 2022

    Congress and the IRS have made changes and are proposing more changes to IRA distributions.  Learn the most recent information so you can guide your clients in this important area

    Objectives

    • Determine what has changed and what hasn’t as well as the impact to IRA distributions
    • Identify what potential planning opportunities are available for your clients

    Speaker

    Speaker Image for Theodore Sarenski
    Theodore J. Sarenski, CPA/PFS, CFP, AEP, CGMA
    Wealth Adviser, Sage View Advisory Group
    $4900
    Standard Price
  • Thumbnail for Business Tax Update: Key 2022 Rulings
    Identification
    NTA2205
    Date
    October 31, 2022

    This presentation will provide coverage of the most significant court decisions, federal tax regulations and IRS rulings in 2022 relevant to all types of businesses and entities. These developments involve deductions, accounting methods, reasonable comp, and more. Highlights of the Inflation Reduction Act of 2022 relevant to businesses and federal tax form changes are also covered. Due diligence and planning considerations emphasized throughout.

    Objectives

    • Identify tax planning and compliance points from the Inflation Reduction Act of 2022 and significant court cases, regulations and IRS rulings.
    • Apply 2022 rulings that represent new legal interpretations for taxation of businesses.
    • Identify due diligence actions highlighted by 2022 tax law developments.

    Speaker

    Speaker Image for Annette Nellen
    Professor, MST Program Director, San Jose State University
    $4900
    Standard Price
  • Thumbnail for Planning with Stock Options & Partnership Profit Interests
    Identification
    NTA2206
    Date
    October 31, 2022

    Corporate stock options and partnership profit interest, while economically similar, have distinct differences that impact the tax implications of the service provider. In this session we will compare and contrast the two forms of equity-based compensation, including the differences in taxation, and consider alternatives to these awards, such as deferred compensation and appreciation rights. Also, we will consider the factors employers and service providers should consider when granting or receiving these awards, including whether it makes sense to convert employees into partners through profit interests.

    Objectives

    • Determine various alternatives to stock options and profits interests
    • Identify the difference between a profits interest, a capital interest and a stock option
    • Compare the effect of employee share ownership vs partner unit ownership

    Speakers

    Speaker Image for Jeffrey Martin
    Partner, Grant Thornton LLP
    Speaker Image for Karen Field
    Senior Director, RSM US LLP
    $4900
    Standard Price
  • Thumbnail for Digital Asset Taxation - Current Challenges, Developments and Regulation
    Identification
    NTA2207
    Date
    October 31, 2022

    This session will cover the latest guidance including proposed state and federal regulations and the latest topics in the AICPA Virtual Currency Task Force IRS comment letter. The panel will also discuss the practical challenges practitioners face when providing digital asset and virtual currency tax services other hot topics including the unique issues at the intersection of decentralized finance (DeFI), NFTs and the metaverse.

    Objectives

    • Analyze the current regulatory developments on the state level including sales tax
    • Identify important digital assets issues including where new and additional guidance is needed
    • Apply practitioner best practices and considerations for digital assets

    Speakers

    Speaker Image for Kirk Phillips
    Kirk Phillips, CPA, CMA, CFE, CBP
    Managing Director, Global Crypto Advisors
    Speaker Image for Melanie Lauridsen
    VP, Tax Policy & Advocacy, AICPA & CIMA
    $4900
    Standard Price
  • Thumbnail for The State of Estate Planning: 2025 Is Around the Corner
    Identification
    SOP2203
    Date
    October 31, 2022

    It is vitally important to stay on top of the latest updates and developments in trust and estate planning, especially in light of recent legislation and the evolving political landscape. During this presentation, you will be provided with practical advice and high-level tax guidance to advise your clients regarding the most tax-efficient planning techniques to help them achieve their objectives and goals. Topics covered will include limited family partnerships and family LLCs, trusts and estates, and charitable tax planning.

    Objectives

    • Identify the trust and estate planning trends and innovations set in motion by the Consolidated Appropriations Act, CARES Act, SECURE Act, and Tax Cuts and Jobs Act.
    • Determine ways to help clients align their own wealth planning needs and philanthropic desires with new giving strategies and opportunities.

    Speaker

    Speaker Image for Justin Miller
    Partner and National Director of Wealth Planning, Evercore Wealth Management
    $4900
    Standard Price
  • Thumbnail for Key 2022 Tax Developments for Individuals
    Identification
    NTA2208
    Date
    October 31, 2022

    This presentation covers highlights of the Inflation Reduction Act of 2022 that affect individuals, and the most important federal tax rulings of 2022 involving income, deductions, losses, virtual currency and other property, and procedural matters and their relevance to tax planning and compliance due diligence.

    Objectives

    • Analyze 2022 rulings that represent new legal interpretations for individual taxation.
    • Identify tax planning and compliance points from the Inflation Reduction Act of 2022 and key 2022 court cases, regulations and IRS rulings.
    • Identify due diligence actions highlighted by 2022 individual tax law developments.

    Speaker

    Speaker Image for Annette Nellen
    Professor, MST Program Director, San Jose State University
    $4900
    Standard Price
  • Thumbnail for Today’s International Strategies: Opportunities and Traps
    Identification
    NTA2209
    Date
    October 31, 2022

    The Tax Cuts and Jobs Act (TCJA) ushered in massive changes for US based multinationals. Pass-through entities saw significant changes in the treatment of foreign income and activity which is giving rise to planning and compliance challenges. This session with take a practical look at international pass-through entities and the ramifications of the post TCJA regulatory changes. We will discuss the adoption of the aggregate theory for U.S. partnership owned CFC’s and the related tax considerations including tax basis adjustments, treatment of previously taxes income and the CFC/PFIC overlap rules. While additional guidance on several of these matters is almost certain in the future, taxpayers facing current planning and compliance challenges must navigate the complexity while managing risk without guidance in several key areas.

    Objectives

    • Identify the tax related consideration of the TCJA on international pass-through entities
    • Determine how to minimize risk in key areas

    Speakers

    Speaker Image for David Sites
    International Tax Partner, Grant Thornton
    Speaker Image for Joseph Calianno
    Joseph Calianno, CPA, J.D., MBA, LL.M. (Taxation)
    Managing Director, Andersen Tax
    $4900
    Standard Price
  • Thumbnail for Crystal Ball Gazing: Current and Future Legislative Update - What Should You Be Telling Your Clients?
    Identification
    NTA2210
    Date
    October 31, 2022

    This session will provide an in-depth review of the obvious and less than obvious tax provisions enacted as part of the flurry of legislation since July, identifying the important provisions that were "left on the shelf" in hopes of future enactment. What are the chances for change in the lame-duck session, or in near future years? What are the most important big ideas, and what are the chances of their becoming tax law in the future?

    Objectives

    • Identify what tax provisions the Congress has enacted.
    • Determine what tax changes the Congress may consider later this year
    • Analyze the next two years to consider whether further tax changes are possible.

    Speaker

    Speaker Image for Janice Mays
    Janice Mays, J.D., LL.M. Taxation
    Managing Director, Tax Policy Services, PwC US
    $4900
    Standard Price
  • Thumbnail for Overview of Current Elder Planning Topics
    Identification
    SOP2204
    Date
    October 31, 2022

    A review of the most important legal, tax and financial topics facing your senior clients and their families today including planning for incapacity, estate distribution and long term care financing.

    Objectives

    • Determine the basic estate planning documents for senior clients including financial and health care powers of attorney, wills and revocable and irrevocable trusts and their uses.
    • Identify the various tax issues facing the elderly.
    • Choose the options for financing long term care expenses including private pay, Medicare, Medicaid and long term care insurance.

    Speaker

    Speaker Image for Martin Finn
    Partner, Rowlands, LeBrou & Griesmer, PLLC
    $4900
    Standard Price
  • Thumbnail for It's Not Too Late to Plan for Tax Season
    Identification
    NTA2211
    Date
    October 31, 2022

    Tax Season 2023 will be here before you know it, but there are still opportunities to prepare for improvement. In this session, we will brainstorm strategies you can put in place in the next few months that will set you and your firm up for success. Constant change is a given in the tax world and we want to help you make the best use of the resources you have available. 

    Objectives

    • Identify areas of opportunity to improving practice management strategies going into tax season.
    • Determine strategies for client communication, workflow management, staffing and technology to improve tax season experience.

    Speakers

    Speaker Image for Daniel Moore
    Owner, D.T. Moore & Company
    Speaker Image for April Walker
    April Walker, CPA, CGMA
    Lead Manager, Tax Practice & Ethics - Tax Section, AICPA & CIMA
    $4900
    Standard Price
  • Thumbnail for K-2 and K-3 Filings
    Identification
    NTA2212
    Date
    October 31, 2022

    The Internal Revenue Service designed Schedule K-2/K-3 to enhance the reporting of international activities for owners of passthrough entities.  The Form is required to be filed by most partnerships for tax years beginning in 2022.  This session will discuss the K-2/K-3 reporting requirements and how the increased compliance burden is impacting passthrough's filing requirements.   This session will also cover the common issues encountered when completing the forms along with suggestions for improving compliance.

    Objectives

    • Analyze the Schedule K-2/K-3 including who is required to file and what information must be reported
    • Identify common issues and challenges in completing the Schedule K-2/K-3/

    Speakers

    Speaker Image for Tim Chan
    Managing Director, Passthroughs Group, KPMG, Washington National Tax
    Speaker Image for David Sites
    International Tax Partner, Grant Thornton
    $4900
    Standard Price
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