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AICPA Sophisticated Tax Planning for Your Wealthy Clients

Washington, DC

Nov 29 - 30, 2018

Conferences

AICPA Sophisticated Tax Planning for Your Wealthy Clients

Obtain clarity in changing times.

The monumental passing of the Tax Cuts and Jobs Act results in historic tax reform impacting nearly every American. This has brought about exciting opportunities for CPAs and financial planners. Your guidance will help your affluent clients achieve their financial goals and help you generate new business.

During our year-end tax-planning event we will examine every facet of the new legislation and the impact it has on our high net-worth clients through key sessions such as:

  • Section 199A: The Qualified Business Income Deduction for Pass-through Entities
  • Individual, Business and Fiduciary Income Tax Planning Opportunities
  • Estate and Trust Planning Strategies
  • Tax Law Impact on Real Estate

Gain cutting-edge strategies to implement in the upcoming filing season and bring the greatest value to your clients.

Additional CFP and CLE credits will also be offered at this conference.


David Kirk, CPA/PFS, J.D., LL.M. (Taxation)
National Tax Partner, EY

Session 1. Individual Tax Update


Caroline Ciraolo, J.D., LL.M. (Taxation)
Partner, Kostelanetz & Fink LLP

Session 4. Coming Attractions in Civil Tax Controversies and Criminal Tax Investigations


Martin Shenkman, CPA/PFS, MBA, AEP (distinguished), J.D.
Attorney, Shenkman Law

Session 7. Matrimonial Planning After the TCJA of 2017


Tony Nitti, CPA, MST
Partner, WithumSmith+Brown

Session 8. Section 199A


Who Should Attend
CPAs, Financial Planners, attorneys, insurance agents, enrolled agents, firms that have high-net-worth clients, Family Office Managers, Banks & Trusts Officers, wealthy clients, Investment Advisors, Tax Practitioners serving wealthy clients.

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. (17.5 CPE Credits).
Select Item # SOP18

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. (17.5 CPE Credits).
Select Item # SOP18ON

Select 7 | Online
This option allows you to choose any seven (7) sessions from the online conference. (CPE Varies).
Select Item # SOP18PK7

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 included in Flex Pass are marked with "FP". 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 # SOP18FP

Discounts

Tax Section Members Save an Additional $50.00

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 memberships.

Travel & Accommodations

Capital Hilton
1001 16th St NW
Washington, DC 20036

Online Reservations

Sleeping room rates: $229/plus taxes & fees for a single/double room
$254/ plus taxes & fees for a triple room
$279/ plus taxes & fees for a quad room

DRESS CODE Business Casual

Group Sales Savings

Create learning retreats for your team!

Groups of 2-9 can receive significant savings when registering for one conference. Contact AICPA customer service team to learn more: 888.777.7077.

10+ conference registrations each year qualify for significant savings. The benefits don’t stop there! You will receive invoicing before or after the event. For more information or guidance through the registration process, contact your conference group sales representative, Corinne Alford at Corinne.Alford@aicpa-cima.com.

Agenda

THURSDAY, November 29
7:00 AM - 5:30 PM

Registration

7:00 AM - 8:00 AM

Continental Breakfast and Exhibits

8:00 AM - 8:10 AM

Welcome & Introductions

8:10 AM - 9:25 AM

GENERAL SESSION

1. Individual Tax Update
Field(s) of Study: Taxes
Knowledge Level: Update | CPE: 1.5

Speaker:

 David Kirk, CPA/PFS, J.D., LL.M (Taxation), National Tax Partner, Ernst & Young LLP

This session will provide an overview of the individual tax provisions of the TCJA and associated regulatory guidance issued in 2018. In addition, the session will also cover (a) non-TCJA developments in individual tax over the last 12 months and (b) trends in IRS audit activity.

Learning Objectives:

  • Analyze the provisions of TCJA (and associated regulatory guidance) with a focus on individuals that will enable participates to adequately advise their individual clients on 2018 year-end planning as well as preparing for the spring 2019 tax filing season.
  • Recognize and apply the non-TCJA developments and trends in IRS audit activity to client situations.

Prerequisites: Basic knowledge of tax planning and strategies. General experience in working with high-net-worth clients.
Advanced Prep: None

9:25 AM - 10:15 AM

GENERAL SESSION

2. International Tax Impact of the Tax Cuts and Jobs Act on the High-Net-Worth Taxpayer
Field(s) of Study: Taxes
Knowledge Level: Intermediate | CPE: 1

Speaker:

 Chaya Siegfried, CPA, MST, Lead, International Business Tax Services, WithumSmith+Brown

Overview of the International Tax provisions of the 2017 Tax Cuts and Jobs Act that will impact High-net-worth individuals. This session will also cover some planning ideas.

Learning Objectives:

  • Recognize how the high net worth taxpayer will be impacted by the international tax provisions of the 2017 Tax Cuts and Jobs Act.
  • Identify the planning options available to mitigate some of the harsher consequences of the new law.

Prerequisites: Basic knowledge of tax planning and strategies. General experience in working with high-net-worth clients.
Advanced Prep: None

10:15 AM - 10:40 AM

Networking Break - Refreshments & Vendor Displays

10:40 AM - 11:55 AM

GENERAL SESSION

3. Coming Attractions in Civil Tax Controversies and Criminal Tax Investigations
Field(s) of Study: Taxes
Knowledge Level: Intermediate | CPE: 1.5

Speakers:

 Caroline Ciraolo, J.D., LL.M. (Taxation), Partner, Kostelanetz & Fink LLP

The IRS has a full plate these days. While it faces the impact and implementation of tax reform, the IRS continues its efforts to ensure robust voluntary compliance through civil and criminal enforcement. This session will discuss the current tax enforcement landscape, including the Tax Gap, IRS leadership and staffing, the 2018 Strategic Plan, current priorities and related enforcement efforts, recent statistics, and best practices for the tax controversy practitioner.

Learning Objectives:

  • Recognize the Tax Gap and its impact on IRS priorities
  • Recognize the 2018 Five-year IRS Strategic Plan
  • Identify current priorities and recent enforcement efforts
  • Distinguish best practices for the tax controversy practitioners

Prerequisites: Basic knowledge of tax planning and strategies. General experience in working with high-net-worth clients.
Advanced Prep: None

11:55 AM - 1:00 PM

Lunch

1:00 PM - 2:15 PM

GENERAL SESSION

4. Business Tax Update: Tax Planning After the 2017 Tax Cuts and Jobs Act
Field(s) of Study: Taxes
Knowledge Level: Update | CPE: 1.5

Speaker:

 Norman Lencz, J.D., Partner, Venable LLP

The recent enactment of the Tax Cut and Jobs Act has dramatically changed the tax landscape for all taxpayers, but the legislation has a particularly significant impact on business owners. While the new rules certainly create many opportunities for tax savings, careful planning is necessary to ensure that business owners take maximum advantage of these new opportunities. In addition, given the speed with which the legislation was passed, there are many unanswered questions as to how the new rules will apply. This presentation will assist practitioners in understanding how to best navigate these new rules, and will include planning tips and ideas to avoid some of the new limits and restrictions added by the 2017 Act.

Learning Objectives:

  • Recognize and plan around the new limits on interest deductibility.
  • Determine the best course in navigating the new 3-year holding period for certain carried interests.

Prerequisites: Basic knowledge of tax planning and strategies. General experience in working with high-net-worth clients.
Advanced Prep: None

2:15 PM - 3:05 PM

GENERAL SESSION

5. Future-proofing Your Services to Individuals
Field(s) of Study: Specialized Knowledge
Knowledge Level: Intermediate | CPE: 1

Speakers:

 Lyle Benson, CPA/PFS, CFP®, President, L.K. Benson & Company

Tax reform has brought renewed focus on the value that CPAs bring to their clients in addressing their overall personal financial planning needs. It presents the perfect opportunity for CPAs to open the door to more formalized planning with their clients’ and their personal finances. This session will show the window of opportunity that exists in a changing environment of both other professionals recognizing these same trends and consumers shifting their expectations. Attend this session to gather ideas to remain the primary point of contact and deepen your relationship with your clients and to position your firm securely for the future.

Learning Objectives:

  • Identify the opportunity that tax reform presents to meet personal finance needs
  • Assess the impact of changing consumer perceptions on advisor services
  • Analyze ways to leverage key trends to make proactive decisions that will affect your firms’ future

Prerequisites: Basic knowledge of tax planning and strategies. General experience in working with high-net-worth clients.
Advanced Prep: None

3:05 PM - 3:30 PM

Networking Break - Refreshments & Vendor Displays

3:30 PM - 4:20 PM

GENERAL SESSION

6. Elder Care Planning: The New Tax Law and the 'Sandwich Generation'
Field(s) of Study: Taxes
Knowledge Level: Intermediate | CPE: 1

Speaker:

 Elizabeth Forspan, J.D., Managing Attorney, Ronald Fatoullah & Associates

Elizabeth Forspan, Esq. will discuss elder care planning and how the CPA plays a critical role in the aging process. She will review key issues affecting clients in the 'sandwich generation' and how the CPA can assist them with their planning and with their parents' planning. Topics will include budgeting for health care and long term care, household income and expense considerations, tax and estate planning for seniors and the professional team. Elizabeth will also discuss way to help clients protect against financial elder abuse.

Learning Objectives:

  • Recognize the CPA's key role in the elder care and long term care planning process .
  • Identify the various issues affecting seniors and how the CPA can help senior clients protect and preserve their assets.

Prerequisites:Basic knowledge of tax planning and strategies. General experience in working with high-net-worth clients.
Advanced Prep: None

4:20 PM - 5:35 PM

GENERAL SESSION

7. Matrimonial Planning After the Tax Cuts and Jobs Act of 2017
Field(s) of Study: Taxes
Knowledge Level: Intermediate | CPE: 1.5

Speakers:

 Jere Doyle, J.D., LL.M. (Taxation), Senior Vice President, BNY Mellon Wealth Management
 Martin Shenkman, CPA/PFS, MBA, AEP (distinguished), J.D., Attorney, Shenkman Law

Planning for matrimonial matters has changed dramatically as a result of the TCJA and other recent developments. What should practitioners advise clients under existing divorce agreements, in the process of divorce, or planning for future marriage to do? Alimony trusts, possible loss of alimony deductions changes in exemptions, developments affecting self-settled trusts, modern trust planning including floating spouse clauses all affect advice practitioners should give clients. With a temporary exemption planning for portability has important implications to clients

Learning Objectives:

  • Identify how new tax laws affect existing and future divorce agreements and prenuptial agreements.
  • Determine what role can practitioners provide in reviewing tax and economic considerations of prenuptial agreements, post-nuptial agreements and divorce agreements
  • Identify how practitioners can help clients protect themselves prior to marriage.

Prerequisites: Basic knowledge of tax planning and strategies. General experience in working with high-net-worth clients.
Advanced Prep: None

5:35 PM - 6:45 PM

Reception

FRIDAY, November 30
6:45 AM - 4:30 PM

Registration

6:45 AM - 8:00 AM

Continental Breakfast & Vendor Display

7:00 AM - 7:50 AM

EARLY RISER SESSION

201. To be announced

Description coming soon.

8:00 AM - 8:05 AM

Morning Announcements

8:05 AM - 9:20 AM

GENERAL SESSION

8. The New Section 199A: How it Really Works
Field(s) of Study: Taxes
Knowledge Level: Intermediate | CPE: 1.5

Speaker:

 Tony Nitti, CPA, MST, Partner, WithumSmith+Brown

This session will provide an overview and update on the new 'pass-through deduction,' including a discussion of planning ideas.

Learning Objectives:

  • Recognize the structure of Section 199A and who is and who isn't entitled to a deduction.
  • Identify planning opportunities to maximize the Section 199A deduction.

Prerequisites: Basic knowledge of tax planning and strategies. General experience in working with high-net-worth clients.
Advanced Prep: None

9:20 AM - 9:45 AM

Networking Break - Refreshments & Vendor Displays

9:45 AM - 11:00 AM

GENERAL SESSION

9. Trust Planning After the New Tax Cuts and Jobs Act
Field(s) of Study: Taxes
Knowledge Level: Intermediate | CPE: 1.5

Speaker:

 Martin Shenkman, CPA/PFS, MBA, AEP (distinguished), JD, Attorney, Shenkman Law

TCJA has transformed trust planning. Practitioners need to help clients identify existing trusts that can be modified, improved or eliminated and how new trusts can be structured. What factors should practitioners use to evaluate existing trust plans? A case study of how an old QPRT may be handled will be presented. What about existing irrevocable life insurance trusts (ILITs)? How should wills and revocable trusts be structured going forward to accomplish clients new tax and non-tax goals? What types of new trust structures should practitioners evaluate to accomplish income tax goals? Consideration of INGs and SALTy SLATs and more. Can these same trusts be modified to also use the new temporary estate tax exemption? Consideration of completed gift INGs will be discussed. Can these non-grantor trusts be used to hold a client's home to secure a greater property tax deduction? What can clients in high tax states do to reduce SALT burdens in light of new limitations? What happens if the tax laws change yet again? Can this type of planning be modified?

Learning Objectives:

  • Recognize how to review existing (old) trusts to advise clients in light of the current tax environment?
  • Identify what types of trusts to recommend to different clients to accomplish the seemingly contradictory goals of: saving income taxes, using temporary estate tax exemptions, achieving asset protection, retaining access to trusts and more?

Prerequisites: Basic knowledge of tax planning and strategies. General experience in working with high-net-worth clients.
Advanced Prep: None

11:00 AM - 12:15 PM

GENERAL SESSION

10. The Impact of the Tax Cuts and Jobs Act on Real Estate
Field(s) of Study: Taxes
Knowledge Level: Intermediate | CPE: 1.5

Speaker:

 Marc Wieder, CPA, CGMA, Partner,CoChair of Real Estate Group, Anchin, Block& Anchin LLP

The session will cover the most significant aspects of the TCJA that impact Real Estate.

Learning Objectives:

  • Identify how to plan for the impact on the business and the partner.
  • Recognize some of the most overlooked aspects of the TCJA

Prerequisites: Basic knowledge of tax planning and strategies. General experience in working with high-net-worth clients.
Advanced Prep: None

12:15 PM - 1:15 PM

Lunch

1:15 PM - 2:30 PM

GENERAL SESSION

11. Income Taxation of Estates and Trusts
Field(s) of Study: Taxes
Knowledge Level: Intermediate | CPE: 1.5

Speaker:

 Jere Doyle, J.D., LL.M. (Taxation), Senior Vice President, BNY Mellon Wealth Management

This session will discuss the income taxation of estates and trusts To the structure of Subchapter J including the concept of distributable net income (DNI), the types of trusts (simple, complex and grantor), trust accounting income, the distribution system, the separate share rule, the 65 day rule, the fiduciary income tax charitable deduction, termination of a trust or estate and administration expenses.

Learning Objectives:

  • Identify the basics of taxation of estate and trusts and its distribution system and the tax consequences of distributions to beneficiaries
  • Analyze planning ideas to help clients minimize the taxation of estate and trust income.
  • Reognize the distribution system applicable to estates and trusts.

Prerequisites: Basic knowledge of tax planning and strategies. General experience in working with high-net-worth clients.
Advanced Prep: None

2:30 PM - 2:55 PM

Networking Break - Refreshments & Vendor Displays

2:35 PM - 3:50 PM

GENERAL SESSION

12. Ask the Experts Panel: Questions and Answers on the Tax Cuts and Jobs Act
Field(s) of Study: Taxes
Knowledge Level: Update | CPE: 1.5

Moderator:

 Martin Finn, J.D., LL.M. (Taxation), CPA/PFS, Founding Partner, Lavelle & Finn, LLP

Panelists:

 Jere Doyle, J.D., LL.M. (Taxation), Senior Vice President, BNY Mellon Wealth Management
 Tony Nitti, CPA, MST, Partner, WithumSmith+Brown
 Martin Shenkman, CPA/PFS, MBA, AEP (distinguished), JD, Attorney, Shenkman Law
 Amy Wang, CPA, Senior Manager, AICPA

Our esteemed panel will answer your questions regarding the income, estate and gift tax provisions of the Tax Cuts and Jobs Act (“TCJA”) and discuss planning strategies that are relevant for your clients now and in the future in this new environment.

Learning Objectives:

  • Recognize and identify questions regarding TCJA recent developments and IRS guidance.

Prerequisites: Basic knowledge of tax planning and strategies. General experience in working with high-net-worth clients.
Advanced Prep: None

4:10 PM

Conference Concludes

Online Conference System Requirements

Attending Online is easy! Check the System Requirements below and install Adobe Flash if you haven't already, then visit this demo page once you're ready to check for compatibility.

NOTE: For sessions that are audio-only, you use the same player and have the experience as the above demo page, but there will be a static image in place of the video stream.

  • Adobe Flash plugin (Click on link to install) http://get.adobe.com/flashplayer/
  • Supported Browsers: Internet Explorer 8 or Higher, Firefox, Chrome, Safari
  • Computer with Speakers / Headset
  • High speed internet connection

Cancellation Policy

On-Site Conference: You may cancel without penalty if cancellation request is received up to and including 45 days prior to the start of the conference. Due to financial obligations incurred by the AICPA, a credit less 50% of the registration fee will be issued for requests received up to and including 21 days prior to the start of the conference. No refunds or credits will be issued on cancellation requests received less than 21 days prior to the start of the event.

Online Conference: You may cancel and receive a refund if cancellation request is received up to and including 15 days prior to the start of the conference. You can cancel and receive a 100% credit if your registration is canceled within 7 days of the start of the conference. Due to financial obligations incurred by the AICPA, a 60% credit will be issued for requests received up to the day prior to the start of the conference. No refunds or credits will be issued on cancellation requests received once the online conference begins.

For more information about AICPA's conference cancellation policy, contact the AICPA Service Center at 1-888-777-7077 or service@aicpa.org.

Resolution of Disputes

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