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AICPA National Tax Conference

Washington, DC

Nov 12 - 13, 2018

Conferences

AICPA National Tax Conference

Change? Always. Challenge? Absolutely.

Between the Tax Cuts & Jobs Act, Wayfair, state changes and ongoing regulation, nothing is the same as last year.  Come to the AICPA’s National Tax Conference, hosted in the heart of the nation’s capital and online, to master what you need to know so you can develop the appropriate, cohesive tax defense and compliance strategy for both businesses and individuals.

Beyond the long view, the conference will help you skillfully maneuver within the present timeframe. Guidance direct from the IRS, Treasury and the DOJ, combined with peers’ experiences and insights, will help you find the best path forward in advising your clients.

Dual Perspectives
One of the most popular features of this conference is seeing how the same topic looks different from varying viewpoints, all of them correct, from the IRS, Treasury, DOJ or the practitioner. Come for a different lens on your daily decisions.

Who Should Attend?
CPAs and other financial professionals at every experience level, who are involved with tax planning, consulting and compliance

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View Agenda


ATTENDANCE Options

Click View Pricing/Register Now above to choose your options.

Full Main Conference | On-Site
Attend on-site in Washington, DC. Network with peers from around the country. Share insights and perspectives on issues affecting your everyday role. (18 CPE Credits).
Select Item # NTA18

Full Main Conference | Online
Attend online and don’t miss a thing! Skip the travel and attend this conference from your home or office. This option gives you access to the entire main conference sessions. You will have the ability to select your concurrent sessions and build your conference just as if you were on-site. (18 CPE Credits).
Select Item # NTA18ON

Select 8 Sessions | Online
This option allows you to choose any eight (8) sessions from the online conference. (CPE Varies: 7.5 - 11.5 average range).
Select Item # NTA18PK8

All New | Flex Pass
Attend live-streamed conference sessions on-site or online – your choice! When you register for Flex Pass, you will receive both the on-site and online conference options, providing for flexibility to attend applicable conference sessions on-site, and network in person. Can’t attend a session on-site? Attend online from the comfort of your hotel room, or anywhere else with internet access. Sessions that are not included in Flex Pass are marked accordingly. Already registered, but interested in this new attendance option? Simply contact our service team at (888) 777-7077 and ask for an upgrade.
Select Item # NTA18FP

Discounts

Tax Section Members Save an Additional $100.00

When you log into this website with your AICPA member user account, the section/credential discount will be automatically applied during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or service@aicpa.org.

Find out more information on the Tax Section.

Agenda


MONDAY, November 12
6:30AM - 8:00AM

Continental Breakfast & Exhibits

7:00AM - 7:50AM

SOLUTION SESSIONS (Select One)

201. Preparing Your Practice for the Future of Tax
Field(s) of Study: Taxes
Knowledge Level: Overview | CPE: 1
Moderator: Minh Graham, CPA, Lead Manager, Tax Practice & Ethics, Tax Section, Washington, DC;
Speakers: Cari Weston, CPA, CGMA, Director, Tax Practice & Ethics - Tax Section, Washington, DC;
April Walker, CPA, CGMA, Lead Manager, Taxation, AICPA, Washington, DC

How is your practice preparing for tomorrow? Adding the latest tech gadgets isn't enough anymore. The tax profession is evolving in many aspects and at a rapid pace. Join us for an interactive round-table discussion on changes being driven by tax reform, staff, clients, competitors, and technology. Learn how your practice will be impacted and the AICPA resources available to help your business evolve.

Learning objectives:

  • Recognize the challenges involved with a changing tax landscape.
  • Identify tax planning opportunities for a more productive and efficient practice.

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

202. Session to be announced
Field(s) of Study: TBD
Knowledge Level: | CPE: 1
Speakers: To be announced

Learning objectives: TBD

Prerequisite: TBD

Advanced prep: None

8:00AM - 8:10AM

GENERAL SESSION

Welcome and Introductions
Speaker: David Lifson, CPA, Partner, Crowe LLP, New York, NY

Learning objectives: TBD

Prerequisite: TBD

Advanced prep: None

8:10AM - 10:15AM

GENERAL SESSION

1. The New Tax Laws: What Do They Mean to Me? Perspectives from Drafters, Decision Makers, States & Stakeholders
Field(s) of Study: Taxes
Knowledge Level: Intermediate | CPE: 2.5
Moderator:
David Lifson, CPA, Partner, Crowe, LLP, New York, NY
Speakers:
William Gale, Ph. D., Economics, The Arjay and Frances Fearing Miller Chair in Federal Economic Policy, Senior Fellow, The Brookings Institute, Washington, DC;
Cara Griffith, President and CEO, Tax Analysts, Falls Church, VA;
Mark Peterson, Executive Vice President - Advocacy, AICPA, Washington, DC
Mark Prater, J.D., Managing Director, PwC, Washington, DC

After over 10 years of serious plans for reshaping the tax system, on December 22, 2017 a variety of expectations became reality for some and disappointment for others. On June 21, 2018, Wayfair was decided reversing over five decades of judicial precedent limiting state's rights to tax based on physical presence. New regulations, updated procedures and judicial decisions continue. The repercussions seem endless, and the challenges overwhelming. The guest speakers will shed light on intentions, current interpretations and expectations.

Learning objectives:

  • Recognize the challenges, intentions, current interpretations and expectations of the Tax Cuts and Jobs Act and the implications to clients.

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

10:15AM - 10:45AM

Networking Break - Refreshments & Exhibits

10:45AM - 12:00PM

CONCURRENT SESSIONS (Select One)

2. Qualified Business Income: Understanding the Basics
Field(s) of Study: Taxes
Knowledge Level: Basic | CPE: 1.5
Speaker: Chris Hesse, CPA, Principal, CliftonLarsonAllen LLP, Minneapolis, MN

New IRC 199A allows a 20% deduction for 'qualified business income' from a 'qualified trade or business' -- but who qualifies and how does this work? We'll walk through the requirements for the deduction and point out why the deduction amount may be substantially less than expected.

Learning objectives:

At the end of this learning sessions, participants should be able to:

  • Remember that the deduction applies to qualified business income.
  • Recognize that Specified Service Business income may or may not be QBI.
  • Identify taxpayers subject to additional limitations to the deduction.

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

3. Beyond the Fringe: Making the Best of Meals and Entertainment
Field(s) of Study: Taxes
Knowledge Level: Intermediate | CPE: 1.5
Speaker: Ruth Wimer, CPA, J.D., Partner, Winston, Strawn, Washington, DC

The Tax Cuts and Jobs Act shakes up the tax rules for meals, entertainment, transportation benefits, and other fringes for both for profits and not-for-profits. It is the employer that loses the tax deduction, or in the case of not-for-profits to a limited extent is penalized. This session however will present some strategies that will get the optimum results despite these complex new and negative fringe benefit tax rules.

Learning objectives:

  • Recognize the post-2017 complex rules relating to Section 274 meals, entertainment, and fringe benefits. Understand how the rules affect both for-profit and not-for-profit employers.
  • Identify the strategies and exceptions, both old and new, which continue to apply to allow a favorable tax result despite the changes in the law.

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

4. FDII and GILTI...Until Proven Innocent
Field(s) of Study: Taxes
Knowledge Level: Intermediate | CPE: 1.5
Speakers:
Ron Dabrowski, J.D., Principal, KPMG LLP, Washington, DC;
Doug Poms, Department of Treasury, Washington, DC;

Brenda Zent, Department of Treasury, Washington, DC

This panel will address emerging issues and Treasury Department guidance relating to the new Code sections 250 and 951A (the so-called FDII and GILTI rules).

Learning objectives:

  • Identify the technical rules and issues under Code sections 250 and 951A;
  • Recognize the interaction between those regimes and other Code provisions, including the foreign tax credit rules

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

5. Finding and Defending the Accused in Criminal Investigations
Field(s) of Study: Taxes
Knowledge Level: Intermediate | CPE: 1.5
Speakers: Eric Hylton, Deputy Chief, IRS, Criminal Investigations,Washington, DC;
Bryan Skarlatos, J.D., Partner, Kostelanetz & Fink, LLP, New York, NY

Nobody likes to pay more tax than necessary, but some taxpayers are more aggressive about avoiding taxes than others. When does aggressive tax planning cross the line into criminal tax evasion? What does the IRS look for when choosing criminal tax cases for prosecution? What should you do when you learn that a client has gone too far and broken the law? This panel will answer these and other questions so that you can protect your clients and yourself from becoming entangled in a criminal tax investigation.

Learning objectives:

You will learn to:

  • Identify what makes a tax case criminal;
  • Recognize how the IRS selects and investigates criminal tax cases;
  • How to identify problem clients and how you can help them;
  • How to protect yourself from becoming involved in a criminal tax investigation.

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

12:00PM - 1:00PM

Lunch

1:00PM - 2:15PM

CONCURRENT SESSIONS (Select One)

6. Qualified Business Income: The Regulations
Field(s) of Study: Taxes
Knowledge Level: Intermediate | CPE: 1.5
Speakers: Rob Keller, CPA, J.D., LL.M. (Taxation), PFS, Tax Managing Director, KPMG LLP, New Orleans, LA;
Troy Lewis, CPA, CGMA, Associate Teaching Professor, BYU, Provo, UT;
Adrienne Mikolashek (Invited), J.D., Attorney -Passthroughs and Special Industries, Office of Chief Counsel, IRS, Washington, DC

This session will provide a comprehensive review of the most recent regulatory guidance on Section 199A.

Learning objectives:

At the end of this session, the participants will be able to:

  • Demonstrate an understanding of issues presented to Treasury / IRS in the rulemaking process under section;
  • Demonstrate an understanding of recent guidance provided by Treasury / IRS with respect to section 199A.

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

7. Fiduciary Income Taxation: Elections, Traps and Opportunities
Field(s) of Study: Taxes
Knowledge Level: Basic | CPE: 1.5
Speaker: Brian Whitlock, CPA, J.D., LL.M. (Taxation), Faculty, Brian T. Whitlock, P.C., Chicago, IL

TCJA changes to the individual income tax rules have will have a HUGE impact on fiduciary income tax returns. This session will cover changes in flow through business deductions, investment related deductions, and SALT. We will also look at opportunities related to Electing Small Business Trusts (IESBTs) and planning for the Net Investment Income Tax (NIIT).

Learning objectives:

  • Determine the changes that will impact the preparation of Fiduciary Income Tax returns this coming filing season.
  • Identify planning opportunities related to investment advisory fees, the Net Investment Income Tax (NIIT) and ESBTs.

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

8. BEAT (but not GILTI!): Other Changes to the Subpart F Rules
Field(s) of Study: Taxes
Knowledge Level: Advanced | CPE: 1.5
Speakers: Joseph Calianno, CPA, J.D., LL.M. (Taxation), Partner & International Technical Tax Practice Leader, BDO, Washington, DC;
Doug Poms, Department of Treasury, Washington, DC;
Brenda Zent, Department of Treasury, Washington, DC

This session will cover the operation of and issues related to the new Base Erosion and Anti-abuse Tax as well as how the expansion of the rules relating to Subpart F (excluding the new GILTI provision) impact taxpayers, including the repeal of section 958(b)(4).

Learning objectives:

At the end of this session you should:

  • Recognize who is an applicable taxpayer for purposes of determining who is subject to the BEAT
  • Know when there is a base erosion payment and how the BEAT is calculated
  • Appreciate the implications of the changes to the rules relating to Subpart F on various transactions and structures

Prerequisite: Extensive knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients including the areas of Individual and business tax, gifts/estates and trusts and family office.

Advanced prep: None

9. Individual Tax Update
Field(s) of Study: Taxes
Knowledge Level: Update | CPE: 1.5
Speakes: Annette Nellen, CPA, J.D., Professor, San Jose State University, San Jose, CA

This session will cover key federal tax developments, including those related to the Tax Cuts and Jobs Act, on income, deductions, credits, ACA, property transactions, and procedures relevant to individuals.

Learning objectives:

  • Identify key tax developments from Congress, the IRS and the courts that affect individuals, including TCJA guidance and what to do when guidance is missing.
  • Recognize due diligence and planning ideas from recent federal tax developments.

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

2:15PM - 2:45PM

Networking Break - Refreshments & Exhibits

2:45PM - 3:35PM

CONCURRENT SESSIONS (Select One)

10. The Tainted Specified Service Business—What It Is and Why We Don't Like It
Field(s) of Study: Taxes
Knowledge Level: Intermediate | CPE: 1
Speaker: Don Susswein, J.D., Principal,Washington National Tax, RSM US LLP, Washington, DC

High income taxpayers don't receive the benefit of the Section 199A deduction for income generated from specified service businesses. This session strives to define the SSB for the participants.

Learning objectives:

By the end of this session, the participant should be able to:

  • Identify those businesses defined as specified service businesses
  • Recognize that the IRS needs to provide additional guidance to clarify whether some businesses are SSBs
  • Inform clients as to the benefits of not being an SSB

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

11. Basic Estate & Basis Planning:What Every Practitioner Needs to Know
Field(s) of Study: Specialized Knowledge
Knowledge Level: Basic | CPE: 1
Speaker: Blanche Christerson, J.D., LL.M. (Taxation), Managing Director, Deutsche Bank Wealth Management, New York, NY

With the new $11.18 million exclusion amount ($22.36 for married couples), most taxpayers are no longer subject to federal gift and estate tax (at least through 2025). Yet planning is as important as ever, between existing documents that may no longer work, and new strategies designed to take advantage of the $11.18 million exclusion, with an eye to obtaining a basis step-up for appreciated assets. This session will review what every practitioner needs to know in terms of planning basics, such as wills, revocable trusts, beneficiary designations, and types of property ownership, as well as offer suggestions for going forward in an uncertain planning environment.

Learning objectives:

  • Recognize key planning documents
  • Identify suggestions on possible going forward steps

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

12. Transfer Pricing after the Tax Cuts and Job Act
Field(s) of Study: Taxes
Knowledge Level: Intermediate | CPE: 1
Speaker: Barry Freeman, Ph.D., Principal, Crowe LLP, New York, NY

This session will discuss the changes in taxation for multinational corporations resulting from the Tax Cut and Jobs Act. The Global Intangible Low Taxed Income (GILTI) tax, Foreign Derived Intangible Income (FDII) deduction and the Base Erosion Anti-Abuse Tax (BEAT) as well as potential ways for transfer pricing to mitigate the impact of these changes will be discussed.

Learning objectives:

  • Recognize the international tax aspects (GILTI, FDII, BEAT) of the Tax Cut and Jobs Act.
  • Analyze how transfer pricing methods can be utilized to mitigate impact of these changes.

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

13. Where Do We Stand Today with Taxing and Regulating Cryptocurrency
Field(s) of Study: Taxes
Knowledge Level: Intermediate | CPE: 1
Speakers: Steve Turanchik, J.D., LL.M. (Taxation), Attorney, Paul Hastings LLP, Los Angeles, CA;
James Beatty, J.D., Attorney, Office of Associate Chief Counsel, IRS, Washington, DC;
Jeremy Kuester, Deputy Associate Director, Policy Division, Department of Treasury, Washington, DC

As cryptocurrencies are becoming more ubiquitous, the appropriate tax treatment and regulation of virtual currency is becoming more important. This session will analyze the current tax and reporting treatment for virtual currencies and the current efforts of FinCEN to provide regulatory guidance over this brand new property / currency.

Learning objectives:

  • Determine appropriate disclosure and taxation of virtual currency transactions;
  • Identify and analyze whether certain virtual currency transactions will be subject to governmental regulatory review.

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

3:45PM - 5:25PM

CONCURRENT SESSIONS (Select One)

14. The New Partnership Audit Regime has Arrived
Field(s) of Study: Taxes
Knowledge Level: Intermediate | CPE: 2
Speakers: Kip Dellinger, CPA, Senior Tax Partner, Cooper Moss Resnick Klein & Co LLP, Sherman Oaks, CA;
Jonathan Horn, CPA, CGMA, Senior Manager, AICPA, Washington, DC;
Lydia Turanchik, J.D., LL.M. (Taxation), Principal, Mather Turanchik, Los Angeles, CA

On January 1, 2018, a new age dawned as the Centralized Partnership Audit Regime officially took effect. Virtually every partnership (from 2 to 100,000 or more partners) will be subject to the new rules if placed under audit. Learn all about the limitless power of the Partnership Representative (and how to limit it). Follow along as we navigate the twisting trails of the modification period and explain the difference between the “pay-up”, “pull-in” and “push-out” options available. You’ll hear about the challenges issues faced by the states to conform to the new rules and collect their share of tax on any audit adjustment, as well as the actions taken by them so far.

Learning objectives:

  • Recognize the new centralized partnership audit regime;
  • Recognize the options for opting out of the regime;
  • Identify options for passing adjustments to partners;
  • Understand the critical importance of the Partnership Rep;
  • Learn about how the various states are or are not conforming to the federal approach.

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

15. Putting It On & Taking It Off: Managing Tax Basis Today (For Tomorrow)
Field(s) of Study: Taxes
Knowledge Level: Advanced | CPE: 2
Speaker: Paul Lee, J.D., LL.M. (Taxation), Global Fiduciary Strategist, Northern Trust Company, New York. NY

Now that “tax reform” has arrived, the importance of (and the opportunities surrounding) the management and creation of tax basis has never been greater. This presentation will discuss innovative tax basis management techniques that strip, shift, create, concentrate, and maximize basis where it can be of most benefit to taxpayers.

Learning objectives:

  • Identify upstream planning and powers of appointment to create basis;
  • Recognize maximizing and multiplying the “step-up” in basis;
  • Determine the upside of leverage;
  • Partnership planning to move basis to where you want it;
  • Uses of grantor trusts and disregarded entities to move basis; and
  • How to “base-up” foreign assets for U.S. taxpayers.

Prerequisite: Extensive knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients including the areas of Individual and business tax, gifts/estates and trusts and family office.

Advanced prep: None

16. Building by Example: QBI Case Studies
Field(s) of Study: Taxes
Knowledge Level: Advanced | CPE: 2
Speakers:
Chris Hesse, CPA, Principal, CliftonLarsonAllen LLP, Minneapolis, MN;
Rob Keller, CPA, J.D., LL.M. (Taxation), PFS, Tax Managing Director, KPMG LLP, New Orleans, LA;
Troy Lewis, CPA, CGMA, Associate Teaching Professor, BYU, Provo, UT;
Don Susswein, J.D., Principal,Washington National Tax, RSM US LLP, Washington, DC;

Attend this session to apply the knowledge gained from earlier sessions in computing the Section 199A Qualified Business Income Deduction available to the taxpayer. Participants will be provided assumptions for examples, from the less complex to the more complex, in learning how the QBID will benefit clients. This will lead the participant to determine if alternative entity structures and arrangements might increase the client's deductions.

Learning objectives:

At the end of this session, the participant should be able to:

  • Distinguish QBI from non-QBI;
  • Recognize the overall limitation to arrive at the deduction in computing taxable income;
  • Determine if income from a specified service business qualifies as;
  • Apply the limitations of wages and investment in qualified property in arriving at the QBID for a high income taxpayer;

Prerequisite: Extensive knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients including the areas of Individual and business tax, gifts/estates and trusts and family office.

Advanced prep: None

17. Tax Cuts and Jobs Act Impact on Real Estate
Field(s) of Study: Taxes
Knowledge Level: Intermediate | CPE: 2
Speakers:
Brian O'Connor, J.D., LL.M. (Taxation), Partner, Venable LLP, Baltimore, MD;
Paul Wilner, CPA, Managing Partner, Grossberg Company LLP, Bethesda, MD;

A discussion of the new tax law changes affecting real estate and partnerships under the Tax Cuts and Jobs Act, including the 20% deduction for qualifying business income, changes affecting carried interests, cost recovery and expensing changes and business loss and interest expense limitations.

Learning objectives:

  • Recognize the aspects of the Tax Cuts and Jobs Act as it affects real estate.;
  • Identify planning opportunities and new risks associated with the tax law changes under the ACT.

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

5:25PM - 7:00PM

Networking Reception & Exhibits

TUESDAY, November 13
6:30AM - 5:00PM

Registration

6:30AM - 8:00AM

Continental Breakfast & Exhibits

7:00AM - 7:50AM

SOLUTION SESSIONS (Select One)

203. What is AICPA Advocating For You?
Field(s) of Study: Accounting, Taxes
Knowledge Level: Basic | CPE: 1
Speakers:
Melanie Lauridsen, Senior Manager, AICPA, Washington, DC;
Annette Nellen, CPA, J.D., Professor, San Jose State University, San Jose, CA

During this interactive session, learn how the AICPA solicits input from its members, develops official positions, and serves the public interest by advocating sound tax policy and effective tax administration. This session also addresses the current political climate in Washington that may affect you or your clients.

Learning objectives:

Recognize the following:

  • The tax law changes and the ongoing tax reform initiatives of interest to the AICPA;
  • The AICPA's advocacy efforts related to the Tax Cuts and Jobs Act and recent Treasury regulations;
  • The latest developments in AICPA's advocacy efforts related to tax administration issues;

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

204. How to be Successful at Offers-in-Compromise
Field(s) of Study: Taxes
Knowledge Level: Basic | CPE: 1
Speaker: Jeffrey McNeal, EA, Tax Resolution Manager, Canopy Tax, Lehi, UT

Per the IRS Data Book (2017), 62,000 offers in compromise were proposed with an acceptance rate of 40.3%. In order to take advantage of this powerful tool, practitioners should understand the concepts of the program, while also learning some of the tips and tricks to have a successful submission.

Learning objectives:

  • Recognize what Offer-in-Compromise is. Determine how the Offer-in-Compromise is calculated.

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

8:00AM - 8:05AM

Morning Announcements

8:05AM - 8:55AM

GENERAL SESSION

18. Major Challenges Facing the IRS Today: National Taxpayer Advocate
Field(s) of Study: Taxes
Knowledge Level: Overview | CPE: 1
Speaker: Nina Olson, J.D., LL.M. (Taxation), National Taxpayer Advocate, IRS, Washington, DC

This session will discuss the current state of U.S. tax administration and the major challenges the IRS faces today as it attempts to administer the tax system. Major challenges include providing high-quality taxpayer service, assisting victims of tax-related identity theft, implementing legislation, conducting examination and collection initiatives that promote future voluntary compliance, and expanding the ability of taxpayers and preparers to conduct their business with the IRS online while simultaneously maintaining data security.

Learning objectives:

  • Identify how to best use the services of the National Taxpayer Advocate to to protect your clients' rights as a taxpayer, and help you with tax problems you can't resolve on your own.

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

8:55AM - 9:20AM

GENERAL SESSION

19. Priorities of the IRS Office of Chief Counsel
Field(s) of Study: Taxes
Knowledge Level: Overview | CPE: 0.5
Speaker: To be Announced

It is the responsibility of the Chief Counsel's office to serve America's taxpayers fairly and with integrity by providing correct and impartial interpretation of the internal revenue laws and the highest quality legal advice and representation for the IRS. The speaker will discuss the role of the Chief Counsel's Office in issuing rulings and notices that impact the work of tax practitioners.

Learning objectives:

  • Recognize how to obtain guidance on interpreting Federal tax laws correctly.

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

9:20AM - 10:10AM

GENERAL SESSION

20. IRS Commissioner's Address: What the Future Holds
Field(s) of Study: Taxes
Knowledge Level: Overview | CPE: 1
Speaker: To be Announced

The IRS commissioner will discuss current challenges and the efforts the IRS is making to adapt to the evolving needs of taxpayers, tax professionals and the nation as they evolve based on their private interactions. Those efforts include improving tax-processing systems, increasing electronic filing and payment options, and expanding digital or online services available on IRS.gov for taxpayers and tax professionals.

Learning objectives:

  • Recognize the implications to tax preparation and tax payers of future efforts by the IRS to improve tax filing processes.

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

10:10AM - 10:40AM

Networking Break - Refreshments & Exhibits

10:40AM - 11:30AM

CONCURRENT SESSIONS (Select One)

21. Planning for the Choice of Entity in the World of Tax Reform: Part I
Field(s) of Study: Taxes
Knowledge Level: Intermediate | CPE: 1
Speakers:
Chris Hesse, CPA, Principal, CliftonLarsonAllen LLP, Minneapolis, MN;
Rob Keller, CPA, J.D., LL.M. (Taxation), PFS, Tax Managing Director, KPMG LLP, New Orleans, LA;
Tony Nitti, CPA, MST, Partner, WithumSmith+Brown, Basalt, CO;
Don Susswein, J.D., Principal,Washington National Tax, RSM US LLP, Washington, DC

This two-part session is a townhall format for participants to ask the pressing questions associated with choosing the appropriate entity structure in which to operate a business.

Learning objectives:

At the end of this session, the participant should be able to:

  • Recognize double taxation doesn't apply to all C corporation shareholders
  • Identify business types and scenarios which might benefit from filing as C corporations
  • Recognize the inherent difficulties of a changing tax environment in entity planning services
  • Describe scenarios in which flow-through taxation is more favorable than C corporation taxation

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

22. Elder Planning
Field(s) of Study: Specialized Knowledge
Knowledge Level: Intermediate | CPE: 1
Speaker: Bernie Krooks, CPA, J.D., LL.M. (Taxation), Founding Partner, Littman Krooks LLP, New York, NY

America is aging. The fastest growing segment of our population is the age 65 and over category. As people age, they confront myriad financial and health care issues. The speaker will discuss these issues and offer various solutions. Relevant tax considerations will also be addressed.

Learning objectives:

  • Identify the needs of our aging population so that relevant issues can be identified and addressed.

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

23. Foreign Disclosure Issues: Fixing the Past and Getting it Right for the Future
Field(s) of Study: Taxes
Knowledge Level: Intermediate | CPE: 1
Speakers:
Lydia Turanchik, J.D., LL.M. (Taxation), Principal, Mather Turanchik, Los Angeles, CA;
Steve Turanchik, J.D., LL.M. (Taxation), Attorney, Paul Hastings LLP, Los Angeles, CA

This session will analyze the various options available to taxpayers for disclosures to the IRS of previously unreported foreign assets in light of the closure of the Offshore Voluntary Disclosure Program in August 2018. We will compare the different standards applicable to each option and identify the issues to be considered when correcting past non-compliance. Also current IRS international enforcement efforts will be analyzed.

Learning objectives:

  • Identify the factors to be considered when taxpayers disclose past non-compliance.
  • Recognize the current options available to the IRS for enforcement of foreign reporting requirements.
  • Analyze when legal counsel must be considered.

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

11:40AM - 12:30PM

CONCURRENT SESSIONS (Select One)

24. Planning for the Choice of Entity in the World of Tax Reform: Part II
Field(s) of Study: Taxes
Knowledge Level: Intermediate | CPE: 1
Speakers:
Chris Hesse, CPA, Principal, CliftonLarsonAllen LLP, Minneapolis. MN;
Rob Keller, CPA, J.D., LL.M. (Taxation), PFS, Tax Managing Director, KPMG LLP, New Orleans, LA;

Tony Nitti, CPA, MST, Partner, WithumSmith+Brown, Basalt, CO;
Don Susswein, J.D., Principal,Washington National Tax, RSM US LLP, Washington, DC

This two-part session is a townhall format for participants to ask the pressing questions associated with choosing the appropriate entity structure in which to operate a business.

Learning objectives:

At the end of this session, the participant should be able to:

  • Recognize double taxation doesn't apply to all C corporation shareholders
  • Identify business types and scenarios which might benefit from filing as C corporations
  • Recognize the inherent difficulties of a changing tax environment in entity planning services
  • Describe scenarios in which flow-through taxation is more favorable than C corporation taxation

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

25. Special Needs Planning
Field(s) of Study: Specialized Knowledge
Knowledge Level: Intermediate | CPE: 1
Speaker: Bernie Krooks, CPA, J.D., LL.M. (Taxation), Founding Partner, Littman Krooks LLP, New York, NY

This session will address how to improve the quality of life of an individual with special needs without reducing or eliminating any means-tested government benefits which the individual is entitled to. The speaker will give an overview of the various government benefits available and the different types of trusts that may be used to supplement those benefits.

Learning objectives:

  • Determine the basics of government benefits available to individuals with special needs.
  • Recognize how to use trusts to supplement those benefits.

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

26. Data Compromises: Its Not a Matter of 'If' but 'When'.
Field(s) of Study: Information Technology
Knowledge Level: Basic | CPE: 1
Speakers: Susan Jarvis, CPA, Owner, Susan D. Jarvis, CPA CVA, Nazareth, PA;
Brian Thomas, IRS, CITP, National ID Theft Coordinator, IRS, King of Prussia, PA

During this presentation, Brian Thomas, IRS Identity Theft National Coordinator and Susan Jarvis, a practitioner who has been the victim of a security breach, will go over the NIST (Small Business Framework - Identify, Protect, Detect, Respond and Recover) as well as provide real life experiences involving vulnerabilities in the practitioner community, responsibilities of the tax practitioner, protection of the data, reporting requirements, and reclaiming your business.

Learning objectives:

  • Identify a general knowledge and understanding of the NIST (Small Business Framework).
  • Identifying the steps to properly report a data loss and utilizing the resources available to make an informed decision.

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

12:30PM - 1:30PM

Lunch

1:30PM - 2:20PM

CONCURRENT SESSIONS (Select One)

27. Privilege: A Right...sometimes
Field(s) of Study: Accounting
Knowledge Level: Intermediate | CPE: 1.5
Speakers:
Kip Dellinger, CPA, Senior Tax Partner, Cooper Moss Resnick Klein & Co LLP, Sherman Oaks, CA;
Steve Turanchik, J.D., LL.M. (Taxation), Attorney, Paul Hastings LLP, Los Angeles, CA

During this session, four privileges will be covered:

  • Attorney/Client;
  • Work product;
  • IRC 7525 Taxpayer Communications; and
  • Kovel Arrangements

Learning objectives:
After this session, you will understand:

  • The various privileges;
  • The limits on the use of privileges by the CPA;
  • How to protect the CPA's clients (sometimes from the CPA)

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

28. IRS Collection Procedures
Field(s) of Study: Taxes
Knowledge Level: Intermediate | CPE: 1.5
Speaker: Robert McKenzie, J.D., Lawyer, Arnstein & Lehr LLP, Chicago, IL

This class will discuss the collection methods the IRS is using in the new enforcement environment. When clients are faced with IRS enforcement representatives need a wide array of skills to protect their clients. This class is for the IRS collection representatives. You will learn of the proper way to appeal IRS enforcement actions. You will learn:

  • IRS Levies;
  • Seizures;
  • Lien procedures;
  • Advanced concepts in liens: Subordination, subrogation, discharge and non-filing of liens;
  • The newest IRS initiatives and the best way to protect your client;
  • Installment agreements;
  • Offers in compromise;
  • Currently not collectible;
  • Other collection alternatives

Learning objectives:

  • Recognize successful negotiation strategies;
  • Identify IRS collection procedures;
  • Determine how to appeal adverse IRS determinations

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

29. Mind the GAAP: ASC 740 after TCJA
Field(s) of Study: Accounting, Taxes
Knowledge Level: Intermediate | CPE: 1.5
Speaker: Alan Sandberg, CPA, Tax Managing Director, Deloitte Tax LLP, Chicago, IL

This session will provide a discussion regarding key ASC 740 considerations of the 2017 Tax Cuts and Jobs Act (TJCA).

Learning objectives:

  • Provide an overview of the key provisions of the TCJA and related ASC 740 considerations
  • Discuss the key prospective ASC 740 considerations of the TCJA which companies have been and will continue to address

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

2:30PM - 3:20PM

CONCURRENT SESSIONS (Select One)

30. IRS Tax Reform Implementation Office (TRIO): Priorities
Field(s) of Study: Taxes
Knowledge Level: Update | CPE: 1.5
Speakers: IRS TRIO (Invited), To be Announced

With the sweeping tax reform changes of the Tax cuts and Jobs Act (TCJA) the IRS created the Tax Reform Implementation Office (TRIO). TRIO is responsible for establishing and monitoring implementation action plans and ensuring communication with external stakeholders. In this session you will hear an update from TRIO representatives on:

  • The large number of forms and publications updated to account for TCJA;
  • The tax processing systems updated to meet the needs of taxpayers; and
  • The efforts taken to educate taxpayers about the tax law changes.

Learning objectives:

  • To be announced.

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

31. One Year On: Elucidations In Applying Section 163(j) to Partnerships
Field(s) of Study: Accounting, Taxes
Knowledge Level: Intermediate | CPE: 1.5
Speaker: Mark Opper, J.D., LL.M. (Taxation), Principal, Ernst & Young LLP, Washington, DC

The business interest expense limitations of section 163(j) have been the subject of significant debate since the enactment of the TCJA. The application of these rules to partnerships presents novel issues, some of which remain unresolved. After a brief overview of the operative rules, this session will focus on the Treasury and IRS guidance issued to date and the remaining open issues and uncertainties, as illustrated through a series of examples.

Learning objectives:

  • Discuss the interest expense limitation in Section 163(j) and the key terms used in the Code Section.
  • Identify which taxpayers are not subject to Section 163(j) and which taxpayers may elect out of Section 163(j).
  • Discuss how Section 163(j) applies to partnerships and partners and uncertainties in the law.

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

32. Penalty Games: Reducing IRS Penalties
Field(s) of Study: Taxes
Knowledge Level: Intermediate | CPE: 1.5
Speaker: Robert McKenzie, J.D., Lawyer, Arnstein & Lehr LLP, Chicago, IL

Each day the Internal Revenue Service asserts millions of dollars in tax penalties against taxpayers. Many of those penalties are subsequently abated because of quality representation by experienced practitioners. This session will cover the basics of supporting reduction of IRS tax penalties. You will learn about:

  • Reasonable Cause;
  • Ordinary Business Care and Prudence;
  • Internal Revenue Service Preferred Reasons for Abatement of Penalties;
  • A practical approach to seeking abatement of penalties

Learning objectives:

After this session, you should be able to substantially reduce many tax penalties asserted by the Internal Revenue Service against your clients.

Additionally, you will:

  • Identify IRS rules for reasonable cause abatement of penalties;
  • Be able to identify first time abatement situations.

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

3:20PM - 3:40PM

Networking Break - Refreshments & Exhibits

3:40PM - 4:30PM

CONCURRENT SESSIONS (Select One)

33. Divorce: It's Not What It Used To Be
Field(s) of Study: Accounting, Specialized Knowledge
Knowledge Level: Intermediate | CPE: 1
Speaker: Adam Wolff, J.D., Partner, Alter, Wolff & Foley LLP, New York, NY

We will discuss emerging trends in financial issues affecting divorce including valuation methods, computation of support and tax effects.

Learning objectives:

  • Identify issue spotting for clients with complex financial impacts of a divorce.
  • Recognize capacity to assist clients (and their business entities) in making their best case through counsel.

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

34. Gift Tax Returns: What You Think You Know May Not Be So
Field(s) of Study:
Taxes
Knowledge Level: Intermediate | CPE: 1
Speaker: Karen Goldberg, J.D., LL.M. (Taxation), Principal, EisnerAmper LLP, New York, NY

Looks can be deceiving: gift tax returns are not as easy as they appear. This session will be an eye-opener as to the pitfalls and challenges of preparing a complete and accurate return.

Learning objectives:

Armed with this knowledge, you will protect both you and your client from future liability and audit risk. The following will be addressed:

  • Identify when should a gift tax return be filed?
  • Gift-splitting: Recognize when to split or not to split?
  • Adequate disclosure of gifts: Are you covered?

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

35. Tax-Exempt Organization Update
Field(s) of Study: Taxes
Knowledge Level: Update | CPE: 1
Speaker: Dick Locastro, CPA, J.D., Partner, Gelman, Rosenberg & Freedman CPAs, Bethesda, MD

P.L. 115-97, commonly referred to as the Tax Cuts and Jobs Act (TJCA) contains provisions which may dramatically impact (1) what constitutes UBTI (2) how and at what rate tax is calculated in the current and future years. TJCA also imposes an excise tax on investment income of certain private colleges and universities. This session will explain these provisions of the TJCA, discuss the impact on affected tax-exempt organizations, and review current and expected IRS compliance guidance.

Learning objectives:

  • Recognize the provisions of TJCA that may impact tax-exempt organizations.
  • Analyze the impact of provisions on affected tax-exempt organizations.
  • Evaluate how these tax law changes impact their organizations or their clients.

Prerequisite: Basic knowledge of federal as well as state and local taxes as well as how to plan and implement tax strategies for your clients

Advanced prep: None

4:40PM

Conference concludes

Travel & Accommodations

LOCATION

The Marriott Marquis
901 Massachusetts Ave NW
Washington, DC 20001

Hotel Phone: 202-824-9200
Online Registration

Rate: $305 single/double
Room Rate Expiration Date: October 13, 2018 or until the room block sells out - whichever comes first.

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AICPA does not use a housing bureau or third-party agency for hotel accommodations or any other travel arrangements. Any claims by any company stating otherwise are not true. Please be sure you are booking directly through the links on this page or directly with the Marriott Marquis DC.

DRESS CODE

Business Casual

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