Day 3

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Friday, November 18 @ 7:45 AM
(2 CPE TAXES) (2 CLE)
Mark S. Klein, Esq. and Joseph N. Endres, Esq.

This seminar will cover the latest developments in NYS’s 2022-2023 budget bill, including new changes to the Pass-Through Entity Tax (PTET) and new tax incentives.  Also, new developments affecting NY’s personal income, sales, and abandoned property laws; issues relating to telecommuting taxpayers since the pandemic, and misconceptions about how remote work affects residency and wage allocation.

This is a repeat of program 2052

Who Should Attend:
Accountants, Attorneys, CFPs

Learning Objectives:
Recognize and identify the latest developments in New York State’s
2022-2023 budget bill, including changes to the PTE Tax

Prerequisites:
None

Level:
Intermediate

Advanced Preparation:
None

Delivery Method:
Live Seminar

Friday, November 18 @ 7:45 AM
(2 CPE AUDITING)
Renee Rampulla, CPA, CGMA

The new quality management standards will significantly impact most accounting firms with an assurance practice. Is your firm ready for these robust changes? Participants who attend this course will learn about these changes and available resources.

Who Should Attend:
CPAs in public practice that are engaged to perform financial statement audits, reviews, and attestation engagements.

Learning Objectives:
Upon completion of this course, you will be able to:

• Identify the differences between the existing quality control standard (Quality Control Standard No. 8) and the new quality management standards
  
• Recall the types of engagements within the scope of the quality management standards

Highlights:
Learn about the new risk-based approach to quality management and the impact to engagement partners, engagement teams, and engagement quality reviewers.

Prerequisites:
None

Level:
Intermediate

Advanced Preparation:
None

Delivery Method:
Live Seminar

Friday, November 18 @ 7:45 AM

(2 CPE TAXES) (2 IRS CE G1U2N-T-00260-22-I)
Barry L. Sunshine, CPA, CGMA and Richard Feldman, CPA

Taxpayers elected PTET as a work around the SALT deduction without recognizing all the complexities that comes from the election. 

For this discussion, we will bring to the table the various issues the PTET raises and offers solutions to make the tax advisors life a little bit easier. 

Who Should Attend:
Accountants, Attorneys

Learning Objective:

Prerequisites:
None

Advanced Preparation:
None

Delivery Method:
Live Seminar

Friday, November 18 @ 7:45 AM

(2 CPE TAXES) (2 CLE) (2 IRS CE G1U2N-T-00261-22-I)
Neil D. Katz, Esq., LL.M (Taxation) and Donna M. Stefans Esq., AIF ®

Despite the stock market downturn over the last 9 months, IRAs continue to be a significant part of the asset base of many clients. As such, the issue of the taxation of distributions remains a focus of practice.  In addition, since 2020 when the SECURE Act gave us a new set of rules governing distributions from IRAs the estate planning impact of these accounts has become a major focus.  Even for older individuals who face long-term care decisions, ownership of IRAs can create issues that must be addressed.  This session will review the tax rules related to distributions, focus on the recent and proposed changes in the planning landscape, and discuss how IRAs impact later in life decisions. 

Who Should Attend:
Accountants, Attorneys, CFP

Learning Objective:

Prerequisites:
None

Level:
Intermediate

Advanced Preparation:
None

Friday, November 18 @ 9:45 AM
(1.5 CPE TAXES) (1.5 CLE)
Joseph N. Endres, Esq.

Doing business in multiple states raises some problematic tax issues for companies and employees. In this presentation, Joe will guide you through several issues that must be considered in order to adequately address the applicable income, sales, withholding and other tax obligations. This program will necessarily require a review of multistate tax rules, but will also provide a detailed review of New York’s rules as well. 

Learning Objectives:
 
•    Learn how to determine if a business has a potential sales tax obligation in light of the various state Wayfair rules.
•    Determine if employees must pay tax (and employers withhold tax) in every state visited
•    Identify the corporate tax implications of doing business on the web
·         Understand recent changes to Public Law 86-272
•    Review telecommuting and mobile workforce rules
•    Identify tricky issues for allocating Income (workday allocation, bonuses, stock options, severance, retirement income, etc.)

Who Should Attend:
Accountants, Attorneys and CFPs

Prerequisites:
General NYS tax knowledge

Level:
Intermediate

Advanced Preparation:
None

Delivery Method:
Live Seminar

Friday, November 18 @ 9:45 AM
(1.5 CPE TAXES) (1.5 CLE) (1 IRS CE G1U2N-T-00262-22-I)
Scott Ahroni, CPA and John T. Woodruff, Shareholder, Polsinelli PC

This seminar is intended to provide an overview of the taxation of cryptocurrency and NFT transactions. This seminar will also discuss current developments in Congress, State and Local Governments, the IRS, and the Courts. Finally, we will discuss IRS compliance and investigations in the area, including Operation Hidden Treasure, and how to successfully navigate through tax audits, investigations and related notices.

Who Should Attend:
Accountants and Attorneys

Learning Objectives:

Prerequisites:
None

Level:
Intermediate

Advanced Preparation:
None

Delivery Method:
Live Seminar

Friday, November 18 @ 9:45 AM

(1.5 CPE TAXES) (1.5 CLE) (1 IRS CE G1U2N-T-00265-22-I)
Yvonne R. Cort, Esq., and Karen Geduldig, Deputy Commissioner, NYS Civil Enforcement Division

An Offer in Compromise can be a lifesaver in the right situation. We will review eligibility, restrictions, and strategy for IRS and NYS Offers in Compromise. An interactive discussion with a NYS representative will highlight the challenges and requirements of NYS OICs.

Who Should Attend:
Accountants, Attorneys

Learning Objectives:

Level:
Intermediate/Advanced

Prerequisite:
Knowledge of Offer in Compromise

Advanced preparation:
None

Delivery Method:
Live Seminar 

Friday, November 18 @ 9:45 AM
(1.5 CPE TAXES) (1 IRS CE G1U2N-T-00266-22-I)
Eric P. Christenson, Cost Segregation Services, Inc.

Commercial Real Estate Professionals----If you have these clients, you better understand these Income Tax Deductions that are available:

• Accelerated Depreciation
• Capital to Expense Reversal
• Asset Disposition
• Expensing Decisions using Ratio Test for medium to large expensing decisions.

We will review these valuable tax deductions that could be slipping past your clients.

Who Should Attend:
Accountants

Learning Objectives:
Recognize and identify commercial real estate deductions

Level:
Intermediate/Advanced

Prerequisite:
Knowledge of Offer in Compromise

Advanced preparation:
None

Delivery Method:
Live Seminar 

Friday, November 18 @ 11:15 AM
(1.5 CPE ADVISORY)
John F. Raspante, CPA, MST

This course will cover the benefits of engagement letters, the most beneficial clauses, new clauses to navigate the ever-changing CPA profession, and war stories illustrating the benefits of engagement letters.

Who Should Attend:
Accountants

Learning Objectives:

Prerequisites:
None

Level:
Intermediate

Advanced Preparation:
None

Delivery Method:
Live Seminar

Friday, November 18 @ 11:15 AM

(1.5 CPE TAXES) (1.5 CLE) (1 IRS CE)
Matthew E. Rappaport, Esq., LL.M. (Taxation)

The launch of Bitcoin in early 2009 seemed at the time like a blip on the world’s radar screen. For those who weren’t fervent early adopters of the digital medium of exchange, the concept was hard to understand and even harder to use. Today, the world of blockchain technology has evolved to include cryptocurrencies like Bitcoin, Ether, non-fungible tokens, decentralized finance, decentralized autonomous organizations (DAOs), and the various Metaverses in corners of the Internet large and small. For tax practitioners who haven’t waded knee-deep into this space, the vocabulary and the mechanics can seem overwhelming.  If you’re confused, you’re certainly not alone among the private sector, and even the government has been unsure about how to treat these novel ideas for tax, securities, and other purposes. This presentation will introduce the basic concepts in detail and cover the fundamentals about the associated tax issues, both resolved and unresolved.

Who Should Attend:
Accountants and Attorneys and CFPs

Learning Objectives:

Prerequisites:
None

Level:
Intermediate

Advanced Preparation:
None

Delivery Method:
Live Seminar

Friday, November 18 @ 11:15 AM
(1.5 CPE TAXES) (1.5 CLE) (1 IRS CE G1U2N-U-00267-22-I)
Robert S. Barnett, CPA, Esq. and Barry L. Sunshine, CPA, CGMA

This lecture will provide an overview of important new tax provisions affecting S corporations. Highlights include select TCJA, CARES Act, and regulatory developments. Recent cases and guidance will be discussed. Topics also include basis calculation, new Form 7203, final § 163(j) regulations, § 461(I) technical corrections, S corporation conversions for eligible terminated S corporations, loss utilization, and open account debt regulations.

Who Should Attend:
Accountants, Attorneys

Learning Objective:

Level:
Intermediate

Prerequisites:
None

Advanced Preparation:
None

Delivery Method:
Live Seminar

Friday, November 18 @ 12:40 PM
(1 CPE SK)
Jesse Mackey

The course will provide an overview of the current stock and bond markets. Special insights will be shared on different “what if” scenarios based on the history of the markets

Who Should Attend:
Accountants, Financial Planners

Learning Objectives:

Level:
Intermediate

Prerequisites:
None

Advanced Preparation:
None

Delivery Method:
Live Seminar

Friday, November 18 @ 12:40 PM
(1 CPE SK)
Steve J. Musmanno, MBA, AIFA®, CIO 

The transferring of risk from defined benefit pension plans (often called “de-risking”) has become a focus of pension plan providers, participants, and policymakers over the past few years. The Pension Committee of the American Academy of Actuaries believes that discussion of risk transfer from the perspectives of different constituents affected by these transactions will help to educate plan sponsors, regulators, fiduciaries, and policymakers and provide greater clarity regarding this topic.

The types of risks addressed in pension transfer transactions might include the following: • The risk that participants will live longer than current annuity mortality tables would indicate (longevity risk). • The risk that funds set aside for paying retirement benefits will fail to achieve expected rates of investment return (investment risk). • The risk that changes in the interest rate environment will cause significant and unpredictable fluctuations in balance sheet obligations, net periodic cost, and required contributions (interest rate risk). • The risks of a plan sponsor’s pension liabilities becoming disproportionately large relative to the remaining assets and liabilities of the sponsor.

Who Should Attend:
Accountants, CFPs

Learning Objective:

Level:
Intermediate

Prerequisites:
None

Advanced Preparation:
None

Delivery Method:
Live Seminar

Friday, November 18 @ 12:40 PM
(1 CPE SK)
Dan Fusco, Founder, InnerPC Computer Solutions

As an accounting and tax professional, you are responsible for your client’s sensitive information and its security. It is not only a matter of ethical compliance but also regulatory compliance and practical concern. Having a structured data security plan and execution either costs beyond affordability or the trust of the client. In this situation is there a feasible solution for the small to medium-sized firm to ensure data security and support clients? This webinar provides a structured approach to a successful data security plan. It is aimed to cater to the customizable solution that even small firms can adopt.

LEARNING OBJECTIVES

• 27 questions you will be asked in a Cyber security audit
  •        7 crucial steps to utilize cloud computing to ensure there are no issues in an         audit
  •        Tax Preparers working from home lead to an uptick in Ransomware attacks and loss of data. Learn how to ensure working securely in such a situation? This webinar provides ideas as to how you can approach the mammoth task of data compliancy with simple solutions.

Accountants, Attorneys and CFP

Learning Objective:
Learn how to protect your data by using secure applications. 

Level:
Intermediate

Prerequisites:
None

Advanced Preparation:
None

Delivery Method:
Live Seminar

Friday, November 18 @ 12:40 PM
(1 CPE SK)
Patrick M. Trask, CPA (New York), and Steve Berman

Owners of closely-held businesses may struggle to find liquidity options that meet their nuanced continuity and legacy goals. This conflict can inhibit transactions and complicate attempts to de-risk concentrated portfolios.  Employee stock ownership plans (ESOPs) represent a tax-advantaged liquidity alternative, enabling shareholders to get “chips off the table” while maintaining upside and a meaningful role with their companies. 

This program will examine ESOP sales vis-à-vis other diversification options and offer of a detailed discussion of plan structure, tax benefits, and estate planning compatibility. Appropriate situations for ESOP utilization - supported by several case studies – will also be reviewed.

Who Should Attend:
Accountants, Attorneys

Learning Objective:

Level:
Intermediate 

Prerequisites:
None

Advanced Preparation:
None

Delivery Method:
Live Seminar

Friday, November 18 @ 2:30 PM
(2 CPE TAXES) (2 CLE)
Stuart Schoenfeld, Esq. and Robert S. Barnett, CPA, Esq.

Asset protection trusts are frequently used in the context of elder care and special needs planning. We will discuss strategies and assets that present challenging trust tax structures such as IRAs, annuities and business interests. We will compare available tax opportunities, highlight lurking tax traps and compare techniques to maintain tax benefits. Robert Barnett and Stuart Schoenfeld along with additional guest speakers will present an in-depth lecture with helpful examples.

Who Should Attend:
Accountants, Attorneys and CFPs

Learning Objectives:
Recognize and identify strategies to minimize income and estate taxes relative to elder care and special needs planning.

Prerequisites:
None

Level:
Intermediate

Advanced Preparation:
None

Delivery Method:
Live Seminar

Friday, November 18 @ 2:30 PM
(2 CPE SK)
Anthony J. Citrolo, CPA, CEPA
2022 is turning into a year of rapid, unsettling change. Inflation, war, disease, interest rate hikes and other factors are altering the landscape for mergers and acquisitions activities. What industries are likely to prosper? Which ones may languish? We address these questions and guide attendees through the current and predicted M & A trends.

Who Should Attend:
Accountants

Learning Objectives:

Prerequisites:
None

Advanced Preparation:
None

Delivery Method:
Live Seminar

Friday, November 18 @ 2:30 PM
(2 CPE TAXES)
Karen J. Tenenbaum, Esq., CPA, LL.M (TAX), Marisa Friedrich, Sr. Attorney, Tenenbaum Law, Joseph Carzo, NYSDTF Director, Audit Division and Karen Geduldig, NYSDTF Deputy Commissioner, Civil Enforcement Division

Hear from New York State Joseph Carzo and Karen Geduldig, and tax practitioners, on an update about many items regarding NYS Tax.

Who Should Attend:
Tax preparers in New York State. 

Learning Objectives:

Level:
Intermediate

Prerequisites:
None

Advance Preparation:
None

Delivery Method:
Live Seminar

Friday, November 18 @ 2:30 PM
(2 CPE ADVISORY)
William Hill, MBA, CLTC

While I am quite sure that the genius Sir Isaac Newton was in no way thinking about tax and accounting firms, his Laws of Motion are greatly insightful for helping your tax and accounting firm move through the constant churn of change we face today. More than ever, we are pressed with change from every side: clients, government regulation, staffing, and the general business/economic climate. With change many picture chaos and confusion. Others are just looking for steady motion and avoid change where they can simply out of being tired. But for your firm to grow in strength and service to clients, the changes around cannot be ignored but must be leveraged.

In this session we will dig into each of Newton’s Laws of Motion and share proven strategies and practical ways for your firm to use these to your advantage in executing and exceling through change. Bring your list of current changes at your firm, and the things you have thought about changing – and be ready to confidently act on those as you leave the session.

Who Should Attend:
Accountants, CFPs

Learning Objective:

Level:
Intermediate

Prerequisites:
None

Advanced Preparation:
None

Delivery Method:
Live Seminar

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