Memphis, TN: 2019 Fall Meeting & Education Conference

Nov 05, 2019 04:00pm -
Nov 10, 2019 08:00am

Event Type: Fall Meeting
Category: Fall Meeting

Speaker Information



Tuesday, November 5, 2019

4:30 PM - 6:10 PM
Medicaid Eligibility - Planning and Qualifying for Long-Term Care
​Shaneen K. Sloan, Esq., CPA
2 hours
To be eligible for Medicaid, an individual must meet eligibility requirements which are based on federal and state law. Of the general qualifications, financial eligibility is the most confounding.  The program will focus on income and asset issues (including divestment of resources) in seeking to qualify for long-term care.



Offering 15 hours of CPE/MCLE and on a 50-minute schedule or 12 hours of CPE/MCLE on a 60-minute schedule.  Below please find the latest education schedule.

Subject to Change

Thursday, November 7, 2019

8:30 AM – 9:45 AM
“Decanting” a Trust – Why, When and How
Steven A. Widdes, Esq.

1.5 hours - Estate Planning
Unlike fine wine, a trust will not necessarily get better with age.  Decanting a trust – pouring assets into a second trust with more desirable terms – is like getting a “do over.”  More than half of the states now permit decanting under appropriate circumstances.  The program will review how decanting works and when it may be appropriate.

9:45 AM – 10:35 AM
How to Report Illegal Source Income on a Tax Return
Daniel S. Rosefelt, Esq., CPA

1 hour - Tax
Whether you are engaged as a preparer or tax consultant, you will encounter clients who have illegal source income from drugs, prostitution or even theft.  What must be disclosed on a tax return in order to avoid a further crime?  This session will answer questions related to proper verbiage and accounting where illegal source income is involved.


11:10 AM – 12:00 AM
Representing the Taxpayer Facing Passport Revocation
E. Martin Davidoff, Esq., CPA

1 hour - Tax
In 2018, IRS began utilizing a new weapon against “seriously delinquent tax debt”, denying passport applications and revoking outstanding passports under legal authority granted two years earlier.  While the law may apply to anyone owing $52,000 or more in back taxes, many exceptions apply.  The program will look at exceptions and advise you as to how to handle a proposed denial or revocation.

1:30 PM – 3:10 PM
Tax Issues in LLC Formation
Mark W. Schweighofer, Esq.

2 hours - Tax

The limited liability company has become the entity of choice in part due to its flexibility.  For a multi-owner LLC to avail itself of many favorable opportunities such as avoiding income on disproportionate contributions, the Operating Agreement requires proper wording.  The session will cover the tax issues in setting up an LLC and the needed provisions to minimize taxes.


3:25 PM – 4:40 PM
Tax Issues in LLC Dissolution
Brant Hellwig, Esq., Dean
Washington and Lee University School of Law

1.5 hours - Tax
Just as significant issues abound in the formation of an LLC, they also exist in dissolution.  Objectives may be the avoidance of any gain recognition or, if unachievable, the minimization of ordinary income.  The program looks at the tax issues in putting an LLC to rest.


Friday, November 8, 2019

8:30 AM – 9:20 AM
What We Can Learn from Celebrity Civil and Criminal Tax Cases
David S. De Jong, Esq., CPA

1 hour - Tax
Celebrities are not immune to being defendants against criminal tax charges or being plaintiffs in civil actions.  Among the celebrities who have been convicted or pled guilty to tax charges are Martha Stewart, Leona Helmsley, Wesley Snipes and Pete Rose.  Those who have fought the IRS in Tax Court have included former Treasury Secretary Andrew Mellon, Conway Twitty, Jack Benny and Groucho Marx.  Can we learn from their run-ins with the Service?  You bet your life!


9:20 AM – 11:00 AM
Legal Ethics and Cyber Security

Lucian Pera, Esq., Past President Tennessee Bar Association
2 hours - Ethics

The ABA has stated that keeping up with technology is a component of attorney competence.  In today’s age this includes the securing of private information.  The session will look at the ethical and related issues of lapses in cyber security.


Saturday, November 9, 2019

8:30 AM – 10:10 AM
Leases - A New Accounting Standard You Should Actually Care About (and Other Reporting Developments)
​Kirstie Martin, CPA
2 hours - Accounting & Auditing
A technical accounting professional from the regional CPA firm of Cherry Bekaert will review the new approach to lease accounting applicable to real estate and other tangibles and provide an overview of other reporting developments

10:25 AM – 11:40 AM
Tax Season Post Mortem – TCJA Winners & Losers
David Berger, Esq., CPA
E. Martin Davidoff, Esq., CPA
Alan S. Zipp, Esq., CPA

1.5 hours - Tax

The first full extended tax season since enactment of the Tax Cuts and Jobs Act has concluded.  The consensus choice for the most complex new provision affecting large numbers of individuals is Section 199A, the QBID deduction.  The “winners” and the “losers” from TCJA in general and from the major provisions will be reconciled by a panel of members whose practice includes return preparation.


11:40 AM – 12:55 PM
A Tax and Financial Analysis of the Trump Family Wealth Transfers and Accumulations
Edward A. Bortnick, CPA
David S. De Jong, Esq., CPA
Murray Saylor, Esq., CPA

.5 hours - Tax
.5 hours - Estate Planning
.5 hours - Accounting & Auditing

The New York Times and Washington Post have published lengthy investigative articles describing the borrowing, income minimization and wealth transfer techniques utilized within the Trump family to maximize wealth.  Assuming the reporting is accurate (no opinion will be expressed), a panel will comment on the income tax, estate and gift tax and financial reporting issues encountered by the family over the decades.  Reasonable, aggressive or beyond aggressive?  You decide.