Schedule of Events: Thursday, Nov. 3, 2016
Registration and Continental breakfast
Ethical Considerations During All Three Phases of IRS Representation: Planning, Return Planning, Return Preparation, and Audit
Day® - One Firm Worldwide. Atlanta, GA
A tax advisor is faced with more standards andethics rules than practically any other professional.These rules include Circular 230, the Internal Revenue Code, AICPA and ABA ethics rules,and state licensing boards. Not every issue can bedis claimed away in the footer of an e-mail. In fact,what a tax advisor can and cannot do in certain tax planning and compliance situations will surprise you. As many ethical decisions made by tax advisors come to light after an inquiry by the IRS or state department of revenue, this session will be led bya tax litigator and hopefully take a very serious topic and make it educational, yet entertaining, by analyzing some of our most important ethical rules and how those rules are to be applied in every day practice.
Refreshment Break
How to Handle Sensitive IRS Audits: Tips for Keeping an IRS Examination Civil and the Signs to Look for to Determine when a Civil Audit May Turn Into a Criminal Investigation
Kostelanetz & Fink, LLP. New York, NY
Navigating the Internal Revenue Service audit process is a difficult task. Handling sensitive audits that are likely to uncover significant income under reporting and deficiencies add to these challenges. This session will cover strategies for minimizing the risk of such audits and guidance on how to determine when an audit may be turning into a criminal investigation,including the questions to ask and the signs to lookout for. Issues of privilege and the right to assert a taxpayer’s 5th Amendment rights will also be discussed.
Corporate Tax Update
This program will focus on recent developments regarding corporate taxation and include a discussion of the recent debt vs. equity guidance, the final section 368(a)(1)(F) regulations as well as proposed consolidated return regulations.
Luncheon (included in registration fee)
Perspectives from the Treasury Inspector Generalfor Tax Administration on the Top ChallengesFacing the IRS
This program will focus on recent developments regarding corporate taxation and include a discussion of the recent debt vs. equity guidance, the final section 368(a)(1)(F) regulations as well as proposed consolidated return regulations.
ESOPs and Estate Planning: An Integrated Approach
One of the best and one of the most overlooked planning tools for private business owners is the Employee Stock Ownership Plan (ESOP). ESOPs can be used to provide creative solutions to many of the planning challenges that typically confront the successful business owner. ESOPs can be used to provide liquidity and diversification of wealth on a tax-advantaged basis. ESOPs also can be used in the design of plans for dividing an estate among active and passive children, and to help preserve a family business. In addition, ESOPs can facilitate tax effective gifts and can be used in connection with charitable trusts. This presentation will show how ESOPs can be used in connection with estate planning for business owners and will include illustrative case studies.
Refreshment Break
Trust Law at the Movies: Lessons from a Blockbuster Reel Story and the Real Stories that Inspired It
University of Hawaii at Manoa, William S. Richardson School of Law. Honolulu, HI
Professor Roth was script consultant for a movie, The Descendants, which garnered the Golden Globe for Best Picture, American Film Institute’s Movie of Year, Academy Award nominations for Best Picture, Best Actor, Best Director and Best Editing—and won for Best Screenplay. The Wall Street Journal and Forbes praised the script’s skillful treatment of challenging legal matters such as the tension between a trustee’s power and right to use that power; disparate needs and values among family trust beneficiaries; and even the archaic rule against perpetuities. Professor Roth will use clips from the movie and behind-the-scenes stories both to entertain and to spotlight valuable lessons for estate planners.
Adjourn and Networking Reception
Schedule of Events: Friday, Nov. 4, 2016
State Tax Developments Update: What You Need to Know
Ernst & Young LLP. Atlanta, GA
The presentation will touch on a variety of state tax matters of interest to multi-state taxpayers and their advisors. Topics of discussion will include Nexus Developments, in both sales tax and income tax areas; Developments in sourcing rules and the application to business; Alternative apportionment arrangements; State audit initiatives, including MTC transfer pricing, tax havens and Federal / State integration; and state issues with Federal 385 regulations. We expect a lively, wide ranging discussion.
Partnership Tax Update
University of Hawaiiat Manoa, WilliamS. Richardson Schoolof Law. Honolulu, HI
This course will provide participants with a technical update on current developments in Partnership taxation during the past year. Coverage will include new rulings and procedures, legislative action and proposals, and hot topics including the newly enacted partnership audit regime.
Refreshment Break
2016 Individual Tax Update
TaxMam, Inc. Cupertino, CA
Congress may have been diverted from major tax legislation this election year, but there were still changes to individual tax provisions not to be overlooked as we approach year end. Take a quick look at what to anticipate for this coming filing season.
Luncheon (included in fee)
Chris Kuehl Armada Corporate Intelligence. Kansas City, KS
Armada Corporate Intelligence. Kansas City, KS
The campaigns have an impact on what we believe about the current economic situation - usually convincing us that it is much worse than it really is. Where are we right now and how will the outcome of the race affect us this year and next?
Cybersecurity: Issues for Professional Firms and Their High Net Worth Clients
Wilmington, Trust,N.A. New York, NY
The campaigns have an impact on what we believe about the current economic situation - usually convincing us that it is much worse than it really is. Where are we right now and how will the outcome of the race affect us this year and next?
Refreshment Break
Executive Compensation Update: Equity Based Compensation Alternatives
Reinhart Boerner Van Deuren, s.c. Milwaukee, WI
Both public and private companies desire to align the interests of management and owners. There are many alternatives to accomplish this goal, but the tax laws are very complex and there are many traps for the unwary. This presentation will provide an overview the alternatives and the key tax and business considerations. We will also discuss trends and “state of the art” techniques.