Day 3

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Friday, November 22 @ 7:45 AM
(2 CPE TAXES) (2 CLE) (2 IRS CE G1U2N-T-00318-24-I)
Stuart H. Schoenfeld, Esq., Robert S. Barnett, JD, Masters (Taxation), CPA 

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 will present an in-depth lecture with helpful examples. 

Who Should Attend:
Accountants, Attorneys, Financial Planners

Prerequisites:
None

Level:
Intermediate

Advanced Preparation:
None

Delivery Method:
Group Live

Friday, November 22 @ 7:45 AM
(2 CPE Accounting)
Alexander K. Buchholz, CPA, MBA, CGMA 

This session highlights the importance of understanding the engagement with the client and the typical procedures for reviews, compilations, and preparation clients. 

Who Should Attend:
Accountants

Prerequisites:
None

Level:
Intermediate

Advanced Preparation:
None

Delivery Method:
Group Live

Friday, November 22 @ 7:45 AM
(2 CPE TAXES) (2 CLE) (2 IRS CE G1U2N-T-00319-24-I)
Neil D. Katz, J.D., LL.M., CPA, 

As 2024 draws to a close, we are that much closer to scheduled roll-back of the Federal Estate Tax Exemption (along with many other provisions). In addition, with the election in the rear-view mirror much will need to be discussed as to the direction that the estate tax rules will take.  During this session we will discuss those things that happened during 2024 that impact estate planning (including the Connelly case and the finalization of the IRA minimum distribution rules) and look forward to the scheduled and potential changes that will impact our higher net worth clients and their families and be an imperative part of your practice. 

Who Should Attend:
Accountants, Attorneys, EAs

Learning Objective:
Recognize and identify Federal Estate Planning issues  

Prerequisites:
None

Advanced Preparation:
None

Delivery Method:
Group Live

Friday, November 22 @ 9:45 AM
(2 CPE TAXES) (2 CLE)
Joseph N. Endres , Esq.

This course will include (i) a review of NY’s residency rules; (ii) a discussion of audit initiatives and best audit defense practices; (iii) a review of nonresident allocation issues including telecommuting, choice of entity impact and sale of business structuring; and (iv) resident credit issues.  

Who Should Attend:
Accountants, Attorneys

Prerequisites:
None

Level:
Intermediate

Advanced Preparation:
None

Delivery Method:
Group Live

Friday, November 22 @ 9:45 AM
(2 CPE TAXES) (2 CLE) 
Matthew E. Rappaport, Esq., LL.M.(Taxation); Michele Schlereth, Esq., CPA, MST ; Dana Walsh Sivak, Esq.

Elder Law has become familiar beyond the legal world in recent years, but the tax questions that Elder Law planning can raise don’t always have simple answers. In this presentation, we’ll cover Elder Law planning considerations and techniques, then address the taxes and accounting issues these approaches can raise.  
 
Heavy Q & A is encouraged.

Who Should Attend:
Accountants, Attorneys, Financial Planners

Prerequisites:
None

Level:
Intermediate

Advanced Preparation:
None

Delivery Method:
Group Live

Friday, November 22 @ 9:45 AM
(2 CPE TAXES) (2 IRS CE G1U2N-U-00320-24-I) (2 CLE)
Robert S. Barnett, JD, Masters (Taxation), CPA 

This lecture will focus on the Form 7203, basis calculations, various elections and reporting requirements including: 

• Recent cases and events  
• Calculating beginning stock basis 
• Open account debt regulations in coordination with Form 7203 
• Proper order for basis calculations 
• Loan basis and reporting 
• Tax traps to watch 
• S distributions and reporting 

Who Should Attend:
Accountants, Attorneys, EAs

Level:
Intermediate

Prerequisite:
None

Advanced preparation:
None

Delivery Method:
Group Live

Friday, November 22 @ 9:45 AM
(1 CPE Accounting) (1 CPE Auditing)
Alexander K. Buchholz, CPA, MBA, CGMA 

Learn about recent and upcoming auditing and accounting developments.  In this session, you will take a deeper dive into new and proposed auditing and accounting standards. Topics to include the new risk assessment standards; Single Audit updates; updates to the lease standard, crypto currency and the status of the CPA pipeline.  

Who Should Attend:
Accountants

Level:
Intermediate

Prerequisite:
None

Advanced preparation:
None

Delivery Method:
Group Live

Friday, November 22 @ 11:55 AM
(1 CPE SK) (1 CLE)
Leslie H. Tayne, Esq.

Financial attorney Leslie H. Tayne, Esq. will explore debt consolidation and what you need to know for clients with debt issues. From Merchant cash advance debt to credit cards and student loans, clients are faced with complex challenges navigating the diverse solutions available in the debt consolidation world. Learn about debt consolidation options, financial, legal and credit impacts, and how it compares filing bankruptcy. Tayne will discuss strategies for effective client management to financial recovery.

Who Should Attend:
Accountants, Attorneys

Prerequisites:
None

Level:
Intermediate

Advanced Preparation:
None

Delivery Method:
Group Live

Friday, November 22 @ 11:55 AM
(1 CPE TAXES) (1 CLE)
Mark E. Wilensky, Esq., Meltzer, Lippe, Goldstein & Breitstone, LLP

This program will address tax consequences arising from foreclosure sales and debt modifications, exceptions to cancellation of indebtedness income and associated attribute reduction, and potential planning alternatives to minimize adverse income tax consequences. 

Who Should Attend:
Accountants, Attorneys

Prerequisites:
None

Level:
Intermediate

Advanced Preparation:
None

Delivery Method:
Group Live

Friday, November 22 @ 11:55 AM
(1 CPE SK) (1 CFP)
Robert Tollin, CRMP

We will dive into the reverse mortgage options of utilizing one home equity to either age in place in one’s current home, or does it make sense for one to sell and utilize the same financing to purchase their new primary home to age in place. We will also look at the positive and negative impact of both options.   

Who Should Attend:
Accountants and Financial Planners

Learning Objectives:
Recognize and identify financing options meant for homeowners 

Prerequisites:
None

Level:
Intermediate

Advanced Preparation:
None

Delivery Method:
Group Live

Friday, November 22 @ 11:55 AM
(1 CPE TAXES) (1 IRS CE G1U2N-T-00322-24-I) (1 CLE)
Richard S. Kestenbaum, Esq.; Scott L. Kestenbaum, Esq.; IRS SA Madeline Gorra; former SA in charge of NY office Thomas E. Bishop, CFE, EA
Scott Kestenbaum and Richard Kestenbaum will moderate and participate in a panel with Current Special Agent Madeline Gorra and former Special Agent in Charge of the New York Office Tom Bishop where we will discuss common tax fraud schemes, how a case can go from a civil audit to a criminal case, how Agents develop criminal tax cases, various stages of a criminal tax case, how to handle interviews with a Special Agent during a criminal investigation, and how the newest iteration of the Voluntary Disclosure Program has changed the landscape for taxpayers. 

Who Should Attend:
Accountants, Attorneys, EAs

Level:
Intermediate

Prerequisites:
None

Advanced Preparation:
None

Delivery Method:
Group Live

Friday, November 22 @ 1:05 PM
(1.5 CPE TAXES) (1 CLE)
Donna Stefans, Esq., AIF

Unlock creative IRA strategies post-SECURE Act 2.0. Discover how to optimize benefits, minimize taxes, and enhance your retirement plan with innovative approaches tailored to the latest legislative changes. Whether you're an IRA owner or a retirement planner, this workshop is essential for staying ahead in the evolving world of retirement planning.

Who Should Attend:
Accountants, Attorneys, Financial Planners

Level:
Intermediate

Prerequisites:
None

Advanced Preparation:
None

Delivery Method:
Group Live

Friday, November 22 @ 1:05 PM
(1.5 CPE TAXES) (1 CLE)
Matthew E. Rappaport, Esq., LL.M.(Taxation)

Our program from 2022 is back by popular demand! 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. Lastly, we will cover the updated regulations which implement the tax amendments made in the Infrastructure Act, defines “Digital Asset Broker”, and creates new reporting requirements for Digital Assets.

Who Should Attend:
Accountants, Attorneys, Financial Planners

Prerequisites:
None

Level:
Intermediate

Advanced Preparation:
None

Delivery Method:
Group Live

Friday, November 22 @ 1:05 PM
(1.5 CPE SK)
Armando D’Accordo, President, CMIT Solutions of South Nassau ;Robert Schlener, CMIT Solutions of South Nassau 

Not even the best IT firms can 100% protect you from a cyber incident. However, you can avoid going back to paper and pen. In this session we will review how to prevent what you can, mitigate impact and recover with minimal cost & reputation damage.

Who Should Attend:
Accountants, Attorneys

Level:
Intermediate

Prerequisites:
None

Advanced Preparation:
None

Delivery Method:
Group Live

Friday, November 22 @ 1:05 PM
(1.5 CPE SK) (1 CLE)
Elana T. Henderson, Esq.

In this course, we will discuss how to differentiate between an employee and an independent contractor, and best practices and employer obligations when hiring, paying, and terminating either, including employer responsibilities (and penalties) under the recently enacted Freelance Isn’t Free Act.

Who Should Attend:
Accountants, Attorneys

Level:
Intermediate 

Prerequisites:
None

Advanced Preparation:
None

Delivery Method:
Group Live

Friday, November 22 @ 3:05 PM
(1.5 CPE TAXES) (1 CLE) (1 IRS CE G1U2N-T-00323-24-I)
Eric Brecher, Esq., CES®

The course will discuss 1031 Exchange trends in 2024, including: reverse exchanges, partnership issues, relinquished property/replacement property debt, seller-financing, foreclosure/deed in lieu transactions and exchanges straddling two tax years. 

Who Should Attend:
Accountants, Attorneys, EAs

Learning Objectives:

Prerequisites:
None

Level:
Intermediate

Advanced Preparation:
None

Delivery Method:
Group Live

Friday, November 22 @ 3:05 PM
(1.5 CPE TAXES) (1 CLE)
Matthew E. Foreman, J.D., LL.M (Taxation)

Matt Foreman discusses the tax consequences of equity compensation, including stock options (ISOs and NSOs), Stock Appreciation Rights and Phantom Stock, Restricted Stock Units, Restricted Stock Awards, and Partnership Profits Interests (and Promotes!), as well as when (and how!) you can and cannot make section 83(b) elections.

Who Should Attend:
Accountants, Attorneys 

Level:
Intermediate

Prerequisites:
None

Advanced Preparation:
None

Delivery Method:
Group Live

Friday, November 22 @ 3:05 PM
(1.5 CPE TAXES)
Barry L. Sunshine, CPA, CGMA, MS

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