Courses: 1002, 3043, 3051, 4021, 4041
Robert S. Barnett, CPA, Esq., is a founding partner of Capell Barnett Matalon & Schoenfeld LLP, Attorneys at Law. His practice is highly concentrated in the areas of taxation, trusts, estates, corporate and partnership law and charitable planning. His experience includes Surrogate’s Court practice, tax dispute resolution, and Tax Court representation. Mr. Barnett frequently assists clients in structuring financial transactions and charitable gifts.
A frequent lecturer on many aspects of tax and business law, Mr. Barnett applies creative and practical solutions to estate and business planning. He has received numerous awards and commendations for his leadership in law and accounting. In addition to being a past President of The Educational Foundation of the Nassau/Suffolk Chapter of NCCPAP, Mr. Barnett serves on the Nassau County Bar Association’s Academy of Law and previously was a Co-Chair of the Tax Committee. He is also a past President and past Executive Board Member of the New York State Society of CPAs, Nassau Chapter, and current Chair of the Estate Planning Committee. He has written articles on numerous aspects of estate and tax planning and is a frequent contributor to the New York State CPA Journal, The New York Law Journal, and other publications.
Mr. Barnett received his juris doctor in 1986 from Fordham University, where he graduated cum laude and was a member of the Fordham Law Review. He graduated magna cum laude from Hofstra University, where he received his Bachelor’s degree in accounting. Mr. Barnett holds a Master’s degree in taxation as the recipient of the highest dean’s award. Mr. Barnett is admitted to practice law in New York, Virginia and Washington, D.C.
About his Presentation
Estate Planning after the Election, in conjunction with Neil D. Katz, J.D., LL.M, CPA
While there is certainly a lot of political noise right now, it will all become a reality after the election. Mr. Barnett and Mr. Katz will have an entertaining and animated discussion regarding estate planning provisions, what they mean, and what will happen based on the results. They are encouraging tax professionals to begin to explore ideas that will tremendously impact the rest of this calendar year. Needless to say, there will be a lot of last-minute decisions. Mr. Barnett comments, “There’s fear in the wind, but practicality as well. We’ll need more than a crystal ball to see what will unfold.”
1041 and Estate Planning after TCJA & CARES, in conjunction with Gregory L. Matalon, Esq., Founding Partner, Capell Barnett Matalon & Schoenfeld LLP
Between the large number of changes from TCJA and CARES and historically low interest rates, there are multiple factors affecting the estate planning community. In addition, the IRS recently released its final regulations on Form 1041 deductions which Mr. Barnett will cover in great detail. As wealth has increased and families have become blended through second marriages, children of first spouses, etc., more trust returns are being filed than ever before. This is a function of both asset valuation and the necessity to preserve and protect assets, while maximizing tax benefits. Don’t miss this session.
Net Operating Losses
The IRS loves to audit losses and for the tax year 2020, this topic is paramount to the Symposium. Mr. Barnett will cover technical areas regarding the loss calculations themselves, as well as new provisions of the law, various elections, what to look out for, and how to be most effective.
Passive Activities & Risk Rules
This topic goes hand in hand with the loss calculations discussed in the above session. Mr. Barnett will be giving participants a very usable framework with some examples to make it relevant to their practices. “While there are numerous computations, I’ll try to put it all into an understandable two-hour format,” encourages Mr. Barnett.
In addition to the above sessions, Mr. Barnett’s partner, Stuart H. Schoenfeld, Esq. will be speaking about eldercare and how CPAs can supercharge it for tax considerations. Another of Mr. Barnett’s partners, Yvonne R. Cort, Esq., will be speaking about current IRS and NYS collection activities, and will also be on a panel discussing NYS residency in the time of COVID.