EDUCATION
Agenda
Offering 16 Hours of CPE/CLE/MCLE/CE and on a 50-minute schedule or 13 Hours of CPE/CLE/MCLE/CE on a 60-minute schedule.
Wednesday, June 22
8:00-9:15am
After the Audit: Dealing with IRS Appeals and the US Tax Court
Woody Rowland, Law Office of Woodford G. Rowland
Sometimes you just can’t settle a case with the Examination Division so you’ll want to take the case upstairs. We’ll cover the basics of practice before the Appeals Office: jurisdiction, protests, conferences, and Appeals Office authority and independence. If you can’t settle it with Appeals, should you go to Tax Court? We’ll cover jurisdiction, pleadings, discovery and the stipulation requirement, pretrial conferences, and the trial, with an emphasis on efficiently pursuing the best result possible.
9:15-10:30 am
Asset Protection and Integrated Estate Planning: The State of the Art for 2016
Ed Brown, Engel & Reiman PC
In this session you will explore past cases and recent developments to create a blueprint for how to properly structure asset protection and estate plans and how best to administer those plans. In addition, the importance of timing will be analyzed with respect to wealth transfers.
10:45am-12:00pm
Secondary Planning for Charitable Remainder Trusts (CRTs)
David Murray, Sterling Foundation Management, LLC
In this session an overview of CRTs will be discussed highlighting associated benefits and planning challenges. Also discussion will be on secondary planning options available to clients with CRTs with a focus on the sale of CRT income interests and CRT Rollovers.
Thursday, June 23
8:00-9:15am
FATCA: How It Affects Every Practice
Dianne Mehany, Caplin & Drysdale Chartered
After five long years, more than 1,000 pages of regulations, and nearly 100 Intergovernmental Agreements (“IGAs”), the Foreign Account Tax Compliance Act (“FATCA”) is nearing full implementation. Many advisors conflate FATCA reporting with the widely publicized Foreign Bank Account Report. However, important differences exist, and they can trip the unwary. This session will discuss the application of FATCA to individuals who hold interests in foreign trusts (whether discretionary or otherwise) and certain types of retirement plans, investment accounts, and life insurance policies. It will also address the importance of IGAs and the IRS regulations. Lastly, it will highlight some of the “surprises” tax practitioners have uncovered when determining exactly how clients are affected by FATCA.
9:15-10:30 am
What Advantages Naturally Follow From Being a CPA & Divorce Counsel
Lisa Hughes, Hughes & Hughes Attorneys at Law
If your house is on fire you call a fireman. If you want to understand cash flow, asset valuation and resulting tax implications, you call a Certified Public Accountant. If you want to successfully navigate the divorce process you call a divorce lawyer. If you want to do all the above, and put out a fire at your house, you call a C.P.A./Divorce Lawyer.
10:45am-12:25pm
Defending CPAs/Attorneys Before the State Board of Accounting or State Bar
Trish Rich, Holland & Knight
Allison Rhodes, Holland & Knight
This panel will describe the legal and procedural issues associated with defending allegations of ethical misconduct including special issues associated with the Administrative Procedures Act, the extraordinary power of a board of accountancy, the special considerations in defending dual licensed professionals before the bar and the board. We will also discuss the North Carolina State Board of Dental Examiners v. Federal Trade Commission, where the US Supreme Court draws into question the propriety of state licensing board controlled by =”active market participants.”
Friday, June 24
8:00-9:15am
What You Need to Know to Serve on Your Charity Board of Directors
Brian Yacker, YH Advisors
This presentation will focus on the essentials for any existing or would-be Board member of a charitable organization, including the compliance requirements of charitable organizations, how involved the Board should be in the Form 990 preparation process, how much financial oversight Board members of charities should exercise, the “required” policies and procedures a charitable organization should implement, how to avoid the unrelated business income tax, the benefits (if any) of D&O insurance, whether charity Board members can be compensated, and if so, how much, whether transactions can be undertaken between Board members and a charity and much more.
9:15-10:30 am
One Taxpayer’s Underpayment is Another’s Treasure: Whistleblower Awards Under Section 7623
Erica Brady, The Ferraro Law Firm
This session will discuss how the whistleblower program in section 7623 works, how to effectively represent whistleblowers in their claims, and how to advise your client if they suspect that a whistleblower has provided information to the IRS.
10:45am-12:25pm
The International Enforcement Arena
Zhanna Ziering, Caplin & Drysdale Chartered
Mark Matthews, Caplin & Drysdale Chartered
The panel will discuss government’s progress in the international enforcement arena and why its efforts had become more successful during the last decade. The discussion will focus on how the government collects the necessary information regarding U.S. taxpayers’ offshore holdings and the legal tools available to the government in both civil examinations and criminal investigations to obtain such information, including treaty requests, John Doe summonses, required records summonses, MLATs, TIEA’s, and whistleblowers. The panelists will also provide best practice suggestions on how to represent a client who appears to be a target of the government examination or investigation.
Saturday, June 25
8:30-10:10am
Federal Tax Developments 2015-16
David De Jong, Stein Sperling Bennett De Jong Driscoll PC
The session will cover the most important federal tax developments of the last 18 months including new laws, regulations, cases and rulings. While many changes in the “body of tax law” are well publicized, the program will look to inform the attendee of those developments as well as others which may not have received the same initial attention.