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
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.
CORPORATE TAX UPDATE
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?
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.
ESTATE PLANNING FOR IRAS AND 401KS AFTER THE SECURE ACT – PART 2
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
OPTIONAL LEGAL ETHICS. ELIMINATION OF BIAS: DIVERSITY AS A PROFESSIONAL RESPONSIBILITY VALUE
Welcome and Announcements
PARTNERSHIP TAX UPDATE – PART 1
PARTNERSHIP TAX UPDATE – PART 2
INTERNATIONAL TAX UPDATE
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.
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.
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.
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
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.