Individual Tax Update

Jun 5, 2023 9:30am ‐ Jun 5, 2023 10:45am

Are you Leading with Inclusivity? (All Tracks)

Jun 5, 2023 9:30am ‐ Jun 5, 2023 10:45am

Being an active inclusive leader is not always easy, but it is an important trait of leaders. We will explore the topic of leading with inclusivity and provide practical tips and steps that can be incorporated into your leadership style immediately. You will go on a journey that will deepen your knowledge on the topic and learn how embracing inclusivity can increase connection and employee engagement in the workplace.

1031 exchanges

Jun 5, 2023 11:15am ‐ Jun 5, 2023 12:05pm

This session will provide a review of selected like-kind exchange topics and problem areas along with a review of recent developments.

The Trials and Tribulations of the Passthrough Entity Tax Regime

Jun 5, 2023 11:15am ‐ Jun 5, 2023 12:05pm

This session will cover the application of passthrough entity taxes and associated federal tax treatment resulting from Notice 2020-75.

Podcasting in Tax

Jun 5, 2023 11:15am ‐ Jun 5, 2023 12:05pm

Have you ever wondered what it takes to start and run a tax podcast? Join April Walker, host of the AICPA Tax Section Odyssey podcast, and Damien Martin, former host of the Simply Tax podcast, for a behind the scenes look into their journey from original idea to launching of a podcast. Bring your questions and explore what surprised the hosts during the podcasting process.

ESG and tax - a natural intersection

Jun 5, 2023 11:15am ‐ Jun 5, 2023 12:05pm

This session will discuss the intersection of tax and sustainability, or "ESG". During the conversation, we will discuss the relevance of tax in ESG and Sustainability strategies. For example: How does tax participate in ESG risk assessment, planning and strategy? Why is it important that tax have a seat at the ESG table? There's tremendous value in the tax organization's contribution to the organization's overall sustainability strategy - how can you get involved?

Planning Nuggets for CPAs (EST, TAX, PFP)

Jun 5, 2023 1:30pm ‐ Jun 5, 2023 2:45pm

This course will review creative practical planning strategies for use with a wide range of clients from very wealthy to more moderate wealth. How to structure a note sale transaction to better withstand an audit? How to use a Wandry clause without risking an estate inclusion challenge to all entity interests under Powell argument. How to plan ownership of FLP and LLC interests to avoid estate inclusion using a special voting membership interest. Prioritizing allocation of GST exemption on gift tax returns for multiple trusts. For smaller clients evaluate options for existing credit shelter trusts. Creative use of a multipurpose ILIT to accomplish a range of goals in a cost effective manner for smaller clients. A host of other planning tips will cover a wide range of planning considerations for all types of clients with a focus on a value add role the CPA can play.

Implementing SECURE - Individuals Beneficiaries (EST, TAX)

Jun 5, 2023 1:30pm ‐ Jun 5, 2023 2:45pm

Over the last three years, there have been considerable changes regarding post-mortem distributions from IRAs and other qualified retirement plans. Between the Setting Every Community Up for Retirement Enhancement Act of 2019 ("SECURE Act"), Enhancing American Retirement Now (EARN) Act of 2022 ("SECURE 2.0") and the proposed 1.409(a)(9) Treasury Regulations, one needs to know the impact of the new post-mortem distribution rules and how payout options need to be reassessed. 

During this session, we will discuss the following topics: 

* Pre-SECURE Act distribution rules 

* SECURE Act distribution rules 

* EARN Act (“SECURE 2.0”) distribution rules 

* Proposed 1.409(a)(9) Treasury Regulations 

* Determination of the “type” of beneficiary 

* Missed Required Minimum Distributions (RMD) and how to handle them.

Taxes, Tools and Tactics: Tips for Managing Art, Jewelry and Valuable Collections

Jun 5, 2023 1:30pm ‐ Jun 5, 2023 2:45pm

How does the expanding global art market affect the value of fine art, collector cars, memorabilia, wine, silver, jewelry, and other collectibles owned by clients? What factors influence the value of objects? During the past several years, the fine art, jewelry and collectible markets have been in a continuous state of evolution expanding into new countries and to new purchasers across the globe. Due to the increased number of international buyers, tastes and desires have broadened. As a result, the value of fine art, jewelry, vintage cars, and collectibles has fluctuated tremendously over the past decade due to changes in consumer demand. This presentation will educate the attendees on the state of the art, jewelry and collectible markets. Attendees will also develop and understand the issues related to managing a client's collection.

Women in Finance - Our Seat at the Table (All Tracks)

Jun 5, 2023 1:30pm ‐ Jun 5, 2023 2:45pm

Women have fought long and hard for a seat at the table in finance – are we there? If not, how can we get there? What can you do in your career to get your seat at the table? Join us to hear the stories of three accomplished women in finance, and their thoughts on where we are with women in our profession. Men, please join as well, as male advocates and perspective are very important!