Day 3

Course 3001 - Current Developments in NJ/CT Taxation

Wednesday, November 18 @ 8:00 AM
(2 TAX CPE) (2 CFP TP-F42) (2 CLE)

Alan J. Preis, CPA, P.C. (NJ)

Discussion of optional New Jersey Passthrough Entity Business tax first effective for 2020; v Recent NJ pronouncements for mandatory combined reporting first effective for 2019; Effect of Covid on telecommuting and statutory residency;

Other NJ issues affecting sales and use tax, personal income tax and corporation business tax.


Louis Schatz, Esq. (CT)

This seminar will review recent Connecticut tax developments, including legislative, judicial, and administrative changes. Particular emphasis will be placed on Connecticut’s reaction to COVID-19, recent changes to Connecticut's pass-through entity tax, an update of Connecticut’s legislative responses to the Federal Tax Cut and Jobs Act, as well as changes to the Connecticut sales tax laws following the Supreme Court’s decision in Wayfair.


Course 3021 - Choice of Entity

Wednesday, November 18 @ 11:35 AM
(2 TAX CPE) (2 CLE) (2 IRS CE)

Beanna J. Whitlock, EA, CSA, RTRP

Meet George, your new client, who like so many other new clients asks you about whether or not they should incorporate.

Participants will learn more about George, his business, his family and his wishes, needs and desires.

Participants will review the various business structures available to George.


Course 3022 - What’s New in the QuickBooks World

Wednesday, November 18 @ 11:35 AM
(1 TAX CPE) (1 Advisory CPE)

MaryBeth (MB) Raimondi, CPA, CITP, MS Taxation

Come join this session and learn what’s new in QuickBooks Online, QuickBooks Desktop and other Intuit products and services. There's an offering for every client and your small to midsize business clients can choose and customize to fit their business needs.


Course 3023 - How to Use the Tax Code to Get the IRS Out of Your Retirement

Wednesday, November 18 @ 11:35 AM
(2 TAX CPE) (2 CLE) (2 CFP)

Mary Read, CPC, CPFA, QPA

$30 trillion dollars are being held in qualified accounts. Every dollar in these accounts will be taxed as ordinary income when distributed. Would your clients like to lower their tax bill? This session will explore a tax-advantaged distribution strategy that lowers taxes, lowers risk and puts control of the money back in the client’s hands.

Tax Savings: Use IRS Safe Harbor rules to reduce the tax liability on retirement accounts.
Reduced Risk: Eliminate downside market risk.
Flexibility: Eliminate RMDs. Your legacy on your terms.


Course 3031 - Beware The Waking Giants: IRS and NYS Collection Update

Wednesday, November 18 @ 1:35 PM
(1 TAX CPE) (1 CLE) (1 CFP TP-F50) (1 IRS CE)

Yvonne R Cort, Esq. Partner; Capell Barnett Matalon & Schoenfeld LLP

IRS and NYS are back in force, with increased emphasis on non-filers and fraud referrals. The risks are serious, with potential IRS liens, NYS warrants, levies, passport revocation and numerous civil penalties. We will discuss strategies to assist the taxpayer, including an overview of penalty abatement, collection resolutions and voluntary disclosure.


Course 3032 - The Passive Activity Rules: A Deep Dive

Wednesday, November 18 @ 1:35 PM
(1 TAX CPE) (1 CLE) (1 CFP) (1 IRS CE)

Matthew E. Rappaport, Esq., LL.M. (Taxation)

One of the most commonly misunderstood parts of the tax code is Section 469, which governs the passive activity rules. This presentation recaps the fundamentals and explores some more complex aspects of the statute and accompanying regulations. The presenter will also discuss planning strategies and best practices.


Course 3033 - Captive Insurance: Helping Businesses Protect Their Assets

Wednesday, November 18 @ 1:35 PM
(1 TAX CPE) (1 CFP RM-D22)

Mark Badami CFP®, CLTC

Captives are an excellent vehicle for risk control, wealth accumulation, and improved cash flow, while minimizing insurance costs. For the last 60 years the U. S. Government has permitted companies to establish insurance companies in order to be prepared for multiple threats against their business while turning unrecoverable cost into solid profit!

During this session you will learn how this technical strategy can be utilized in a simplistic and helpful way with your clients to create large tax leveraged incentives.


Course 3041 - Financial Statement and Related Frauds Of The Past: Where Are The Fraudsters Today?

Wednesday, November 18 @ 2:55 PM
(2 Accounting CPE)

Ernest Patrick Smith, CPA/ABV/CFF, CVA, CFE

We will revisit, on a case by case basis, the most significant financial frauds of the past as follows;

  1. The protagonist(s) and their accomplices
  2. A detailed review of the fraud perpetrated
  3. A fresh look, today, as to the standards violated and other wrongdoing and discussion as to “can history repeat”
  4. An overview of the standards/rules and laws enacted in response to these wrongdoings and some mindful, thoughtful review as to the effectiveness, thereof.


Course 3042 - 2020 Labor and Employment Law Update; EVERY Employee Can Sue you: Strategies to Avoid

Wednesday, November 18 @ 2:55 PM
(2 TAX CPE) (2 CLE)

Glenn J. Franklin, Esq; Jasmine Y. Patel, Esq

We will discuss updates and developments in labor and employment law, both New York State and Federal. Specific topics will include: wage and hour information, sexual harassment prevention training requirements, independent contractor v. employees, the standard for discrimination/harassment claims, workers’ compensation, unemployment insurance, new local, city and state laws and requirements. We will also concentrate on the impact of Covid-19, the responsibility of Employers and strategies for avoiding discrimination claims during this time and post-pandemic (what a lovely thought).


Course 3043 - 1041 & Estate Planning – After TCJA & CARES

Wednesday, November 18 @ 2:55 PM
(2 TAX CPE) (2 CLE) (2 CFP) (2 IRS CE)

Robert S. Barnett, Esq., CPA & Gregory Matalon, Esq.

This lecture includes Form 1041 Income Tax updates, the new proposed regulations under §67(e); new cases of interest; current planning with IRAs and the SECURE Act; utilizing low interest rates; and post-election planning.


Course 3051 - Income Tax Meets Elder Care

Wednesday, November 18 @ 4:55 PM
(1 TAX CPE) (1 CLE) (1 CFP)

Stuart Schoenfeld, Esq., Robert S. Barnett, CPA, Esq.

There are many intersections between elder care and special needs planning and taxes. Trusts are frequently the preferred planning vehicle in these matters. We will explore how to minimize income and estate taxes and effectively maintain tax benefits and exemptions.


Course 3052 - Partnership Freeze Transactions: Income Tax and Real Estate Transfer Tax Reporting Is

Wednesday, November 18 @ 4:55 PM

Mark E. Wilensky, Esq.; David C. Jacobson, Esq., Meltzer, Lippe, Goldstein & Breitstone, LLP

This panel will address frequently asked questions regarding income tax reporting for partnerships set up as freeze partnerships. In addition, the panel will address special real estate transfer tax concerns where property contributed to the freeze partnership is located in New York City. The panel will also provide an overview of common freeze partnership techniques.


Course 3053 - Divorce of Non-Traditional Families: How to Preserve Assets and Property

Wednesday, November 18 @ 4:55 PM
(1 TAX CPE) (1 CFP) (1 CLE)

Donna E. LaScala, RFC and Elizabeth Vaz, Esq.

While we have all had clients who went through a divorce, this session focuses on Grey Divorce, LBGTQ couples, and other non-traditional families, their financial nuances and how accountants and financial planners can better serve their clients in preserving assets and property in the process. We will discuss how you can generate revenue for your firm by providing assistance to your divorcing clients and working with their attorneys, mediators or collaborative team.