Schedule of Events: Thursday, November 5, 2020

CLE credit: MO 17.0 incl. 2.0 ethics & 1.0 elimination of bias
KS 16.0 incl. 3.0 ethics
CPE credit: 13.0 Taxes & 4.0 Ethics / CFP® Credit: pending

8:00 a.m. Webinar Access

8:20 a.m. WELCOME AND ANNOUNCEMENTS

8:30 - 10:10 a.m. ETHICS PRESENTATION

10:10 - 10:25 a.m. BREAK

10:25 - 11:25 a.m. FROM THE SECURE ACT THROUGH THE PANDEMIC TO THE ELECTION: AN INDIVIDUAL TAX UPDATE

Description: Who could have imagined a year when Congress would come together to pass legislation that revamps retirement planning and delivered financial relief to millions of workers and small businesses in the midst of a pandemic? We will discuss these changes, the election, and the major pronouncements coming from the Treasury Department and the courts.

11:25 - 12:25 p.m. CORPORATE TAX UPDATE

12:25 - 1:10 p.m. LUNCH BREAK

1:10 - 2:10 p.m. WAS THERE EVER AN OLD NORMAL? - WHAT DOES THE ECONOMY LOOK LIKE IN 2021

Description: There will be a post COVID economy of some kind. What will it look like? Which of the changes we have experienced be permanent and what will return to normal? Does the recession of 2020 yield to a comeback in 2021 or does the damage keep weighing on the US and global economy?

2:10 - 3:10 p.m. ESTATE PLANNING FOR IRAS AND 401KS AFTER THE SECURE ACT – PART 1

Description: The presentation will focus on revised estate planning for IRAs, 401Ks and other qualified plan benefits after the SECURE Act. The emphasis will be on income tax minimization strategies, including drafting strategies where benefits are made payable to a trust.

3:10 - 3:25 p.m. BREAK

3:25 - 4:25 p.m. ESTATE PLANNING FOR IRAS AND 401KS AFTER THE SECURE ACT – PART 2

4:25 p.m. ADJOURN

Schedule of Events: Friday, November 6, 2020

CLE: Missouri 9.0 hours includes 1.0 elimination of bias
Kansas CLE pending / CPE Credit pending / CFP® Credit: pending

7:00 a.m. WEBINAR ACCESS

7:30 - 8:20 a.m. OPTIONAL LEGAL ETHICS. ELIMINATION OF BIAS: DIVERSITY AS A PROFESSIONAL RESPONSIBILITY VALUE

8:20 a.m. Welcome and Announcements

8:30 - 9:20 a.m. PARTNERSHIP TAX UPDATE – PART 1

9:20 - 9:35 a.m. BREAK

9:35 - 10:25 a.m. PARTNERSHIP TAX UPDATE – PART 2

Brian G. Gosline
Brian G. Gozline, P.C.
Spokane, Washington

10:25 - 11:25 a.m. INTERNATIONAL TAX UPDATE

11:25 a.m. - 12:15 p.m. LUNCH BREAK

12:15 - 1:15 p.m. TAX CONTROVERSARY

Description: Status of implementation of the Taxpayer First Act as IRS is transitioning into being a more taxpayer-friendly agency; IRS’s operations during the pandemic and tax practitioner challenges; LB&I Campaigns and SBSE compliance issues of interest for 2020/2021.

1:15 - 2:15 p.m. A PRIMER ON TAXATION OF THE CANNABIS INDUSTRY

Description: This session will provide an overview of cannabis industry taxation including Section 280E, inventory methods, choice of entity, and legal entity structuring. The session will highlight recent Tax Court cases, state taxation, CARES Act impact on the industry, IRS hot topics and best practices, and end with an overview of professional practice considerations.

2:15 - 2:30 p.m. BREAK

2:30 - 3:30 p.m. STATE & LOCAL TAX UPDATE - 2020 Vision: A Year in Review

Description: Description – This presentation will provide a year to date review of the most significant state and local tax cases, rulings, and other developments.
Learning Objectives:
Review developments of the preceding 12 months with an eye toward:

Identifying trends and potential trend disruptions
Considering relevant factors in court decisions on complex sales/use tax disputes
Identifying opportunities to advise taxpayers on process improvements, new filing positions, and risk mitigation

3:30 - 4:30 p.m. BUILDING BLOCKS OF BLOCKCHAIN: A PRIMER ON CRYPTOCURRENCY FOR ESTATE PLANNERS

Description: This presentation will provide background on blockchain, the technology underlying cryptocurrencies, and the evolution of cryptocurrencies, such as Bitcoin, in an attempt to demystify the technical features and mechanics of both blockchain and cryptocurrencies, which generally are misunderstood. It then addresses planning and specific areas of consideration, such as fiduciary issues related to access to digital assets, transfers, trust funding, custody and titling, which highlight the importance and the need for proper planning and drafting.

Agenda