Event Speakers

2011 Southeast Regional Education Conference

Oct 14, 2011 1:30pm - Oct 16, 2011 12:00pm
(GMT-06:00) Central Time (US & Canada)

Event Type: Regional Meeting

Speaker Information

Friday, October 14, 2011-Florida Bar Tax Section Presents:

BUSINESS DISPOSITION AND SUCCESSION TAX STRATEGIES: Live Long and Prosper… But Just In Case

9:00 AM - 9:20 AM    Registration

9:20 AM - 9:30 AM  Opening Remarks and  Introduction

Joel D. Maser, Greenberg Traurig, P.A.

9:30 AM - 11:10 AM  Mergers & Acquisitions Involving Closely Held Corporations and their Shareholders  

Jerald D. August, Fox Rothschild, LLP  and  Stephen R. Looney, Dean, Mead, Egerton, Bloodworth, Capouano & Bozarth, P.A.

The discussion will highlight buyer and seller income tax impacts on acquiring or selling a closely held corporation.

11:10 AM - 11:20 AM   BREAK

11:20 AM - 12:10 PM Business Succession and Estate Planning for the Final Frontier

Laura K. Sundberg, Greenberg Traurig, P.A.

We will discuss business succession options within the context of the family and the business, analysis of the capabilities of family members to participate in the future of the business, both individually and collectively, and the treatment of non-participating family members in the estate plan.

12:10 PM - 1:20 PM  LUNCH

Business Succession with TRA 2010: Making Two Years Last a Lifetime

Paul S. Lee, Bernstein Global Wealth Management

The Tax Relief Act of 2010 dramatically changed the wealth transfer landscape but only temporarily until 2013.  This presentation will discuss the most compelling planning techniques available today to transfer businesses to family members, with an eye to what future legislation might bring to closely-held companies.

1:20 PM - 2:10 PM Private ESOPs: Unlocking Corporate Equity

William E. O’Brien, Corporate Client Group Director, Sr. V.P, Morgan Stanley Smith Barney

Most business owners are looking for liquidity strategies.  Often times, an internal liquidity solution of a private ESOP may be the best option, but never discussed.  The benefits and special tax advantages of an ESOP will be discussed in this course.

2:10 PM- 3:00 PM Valuation Overview and Insight

Roy H. Myers, Management Planning, Inc.

How different valuation approaches and methodologies affect the implementation of business succession plans.

3:00 PM - 3:20 PM BREAK

3:20 PM- 4:10 PM Buy-Sell Agreements:  Avoiding Unwanted Third Parties

Joel D. Maser, Greenberg Traurig, P.A.

Buy-Sell agreements are critical for closely held businesses to prosper long-term.  This discussion will highlight the issues, strategies and traps associated with the use of Buy-Sell agreements.

4:10 PM - 5:00 PM Panel Discussion: Surviving Beyond 2011:  The Team battles Uncle Sam

Stephen L. Perrone, Business Transition Advisors, Inc. and Joel D. Maser, Greenberg Traurig, P.A.

Can the Team keep Uncle Sam from taking a huge commission on sale or transfer of the Business during life or upon death of the Business Owner?

Click here for more details about the Florida Bar Tax Section program on Friday October 14 and morning of Saturday October 15.


Saturday, October 15, 2011- Southeast Regional Education Conference

2:00 PM -5:00 PM  Accounting for Income Taxes

Manuel E. Pravia, CPA, Director Tax & Accounting Services, Morrison, Brown, Argiz & Farra, LLC. 

The session will serve as a refresher of basic ASC Topic 740 concepts (including the calculation of the tax provision, related disclosures, and uncertain tax positions) and provide practical applications for the attorney/CPA.

Sunday, October 16, 2011

8:00 AM—10:00 AM Estates and Trusts as S Corporation Shareholders

Sydney S. Traum, P.A.,  Of Counsel to Levey, Filler, Rodriguez, Kelso & Magilligan, LLP

Only individuals, estates, and certain kinds of trusts and tax exempt entities may be shareholders of S corporations. We will discuss the types of entities that can own shares of an S corporation without causing termination of the S corporation status. We will also discuss the requirements that trusts must meet in order to qualify as S corporation shareholders -how they have to be structured and what special elections must be made for such qualification. Finally, we will discuss thetaxation of the various type of trusts that qualify as S corporation shareholders.


Faculty Biographies

Manuel E. Pravia experience over the past 20 years spans various industries, suchas insurance and financial institutions, as well as international tax (including corporate, foreign nationals, and expatriates). He also focuses oncorporate tax accounting issues (now ASC 740), an area that he dealt with extensively during his ten years of corporate tax experience at several prominent South Florida companies.

Manny is a member of theAmerican Institute of CPAs (AICPA) and the Florida Institute of CPAs (FICPA),where he serves in the Federal Taxation Committee. He has chaired the UnitedWay Audit Committee and sits on the Community Investment Committee. He hasserved on the Board of Directors of Alpha Kappa Psi Professional Business Fraternity and on the FIU School of Business Alumni Chapter Board. He regularlypresents at continuing professional education seminars and has been an instructor for Becker CPA Review. He is also an adjunct professor in the FIU School of Accounting.

Sydney S. Traum, BBA, JD, LLM, CPA practices law in Miami-Dade County, Florida. His professional association is “Of Counsel” to the law firm of Levey, Filler, Rodriguez, Kelso & Magilligan, LLP. He is author of The S Corporation: Planning & Operation and also The S Corporation Answer Book, both published by Aspen Publishers, Inc. Last year he authored articles in The Tax Adviser and the Journal of Accountancy.  A licensed CPA and attorney in both New York and Florida, Traum is a past president of the American Association of Attorney-CPAs; the Dade County Chapter of the Florida Institute of CPAs (FICPA) ; the Greater Miami Tax Institute; and Beth David Congregation in Miami. He is a past chair of The Florida Bar Committee on Relations with CPAs. He is currently the Board Chairman of the Florida Association of Attorney-CPAs and is Treasurer of the Harvard Club of Miami. . Traum is currently serving as a member of the American Association of Attorney-CPAs Executive Committee, the FICPA Federal Taxation Committee, the American Bar Association Tax Section’s S Corporations Committee, The Florida Bar Probate Rules Committee, the American Institute of CPAs Tax Division S Corporation Technical Resource Panel and of the Board of Directors of the FICPA Miami-Dade County Chapter. He is also Editor of the Baptist Health Foundation Professional Advisory Committee Newsletter.  Traum is Florida Bar Board Certified in Taxation and also in Wills, Trusts and Estates. Traum is rated AV (the highest rating possible) by the Martindale-Hubbell Law Directory.