Tax Update and Planning Conference
Nov. 24-25, 2014 • Universal City, San Francisco & Webcast
TAX UPDATE AND PLANNING CONFERENCE NOV. 24-25, 2014 SHERATON UNIVERSAL HOTEL UNIVERSAL CITY AND HYATT REGENCY SAN FRANCISCO & WEBCAST
CONFERENCE OVERVIEW Overview: To be a successful tax professional you need the latest information on California and federal tax standards, regulations, court cases and enacted and proposed legislation. This two-day event delivers a detailed review of the biggest changes in individual and corporate taxation for 2014, practical advice for minimizing tax costs and best practices to help you prepare for the upcoming tax season. Don’t miss your opportunity to meet with peers and learn from experts at the 2014 Tax Update and Planning Conference. Designed for: CPAs, attorneys and other tax practitioners in public accounting and business.
Credit Information CPE: 16 Hours CTEC-Fed: 15 Hours CTEC-CA: 1 Hour EA: 15 Hours MCLE: 13 Hours LS-TX: 13 Hours Level: Update Prerequisites: None
Thank you to our silver sponsor:
Hyatt Regency San Francisco 5 Embarcadero Center San Francisco, CA 94111
AGENDA {AT-A-GLANCE}
Day Two Nov. 25
Day One Nov. 24 08:30
Welcome and Introductions
08:30
Welcome and Introductions
08:35
Federal Tax Update
08:35
California Tax Update
09:35
Tax Services to the Troubled Debtor
09:35
Section 1411: Net Investment Income Tax
10:35
Break
10:35
Break
10:45
Compliance for the Repair Regulations: Form 3115 Nightmares
10:45 1041 Update 12:00
Lunch (Plated lunch provided)
01:00
Estate Planning and Un-planning
12:00
Lunch (Plated lunch provided)
Deadlines: What Should You Do If You Miss One?
01:00
ACA: Here Comes Round Two
02:30
Break
03:05
Break
02:40
Pension Update
03:15
Foreign Tax Problems for Americans Abroad (and their CPAs)
03:40
Virtual Currency
04:30
Adjourn
02:15
04:30
Adjourn
Please note: Agenda will vary based on location, all topics will be covered in Universal City, San Francisco and webcast.
Day One Nov. 24-25 Universl City, San Francisco & Webcast 08:30
08:35
09:35
Welcome and Introductions
12:00
{Lunch–plated lunch provided}
Annette Nellen, CPA, CGMA, Esq. San Jose State University Conference Co-Chair
01:00
Federal Tax Update This session will provide you with all you need to know regarding new legislation, federal tax cases, IRS rulings and legislation.
Estate Planning and Un-planning Understand the current estate planning landscape. Explore important topics including portability planning and relief; income tax versus transfer tax; planning with existing irrevocable trusts; rethinking the family limited partnership; life insurance issues; and asset protection considerations.
Gary R. McBride, CPA, Esq., J.D. LLM Summit Accountancy Group , Inc.
Michael S. Fredlender, CPA Michael S. Fredlender, CPA, APC
Tax Services to the Troubled Debtor Do you know the ins and outs of advising a troubled debtor? Be prepared to provide tax services to troubled debtors with an overview of legal and tax issues, short sales in California, foreclosures, Cash for Keys, HARP and refinancing, debt modification, lender comfort letters, Section 6713 and Section 7216.
John W. Prokey, Esq. Ramsbacher Prokey LLP 02:15
Belan K. Wagner, Esq. Wagner Kirkman Blain Klomparens & Youmans LLP 10:35
{Break}
10:45
1041 Update A comprehensive individual tax planning strategy accounts for more than an individual’s working years. Learn about tax on accumulations, Medicare surtax, Section 67(e) final regulations, passive activity rules and fiduciary accounting for distributions from entities. Jacqueline A. Patterson, J.D., MBT, CPA Buchanan & Patterson, LLP
SESSION DETAILS
Deadlines: What Should You Do If You Miss One? Taxpayers and tax professionals alike can panic when a deadline is missed. Although not every mistake can be rectified, this session outlines steps you can take to resolve problems caused by a missed tax return, extension or election filing deadline. You will learn how to analyze the impact of a late filed return or election on a taxpayer’s overall tax situation; identify relief opportunities for missed elections affecting taxable income and entity status; and recognize when penalty relief may be available. David W. Klasing, Esq., CPA Tax Law Offices of David W. Klasing, P.C.
03:05
{Break}
03:15
Foreign Tax Problems for Americans Abroad (and Their CPAs) In today’s global economy many Americans work abroad. CPAs must be prepared to address the complex tax issues that arise as a result of international business. This session will cover foreign earned income exclusion (Form 2555), foreign mutual funds (Form 8621), pension plans as foreign trusts (Forms 3520 and 3520-A) and American business owners abroad (Form 5471). Plus, you’ll discuss what to do when clients have compliance issues. Philip D. W. Hodgen, Esq., LLM HodgenLaw PC
04:30
Adjourn
Day Two Nov. 24-25 Universal City, San Francisco & Webcast 08:30
Welcome and Introductions
01:00
Annette Nellen, CPA, CGMA, Esq. San Jose State University Conference Co-Chair 08:35
California Tax Update Learn everything you need to know regarding new rulings, California tax cases and legal changes.
Renié M. Burbank, CPA Moss Adams LLP
Bob Reynolds, CPA Moss Adams LLP 09:35
Section 1411: Net Investment Income Tax Do you know how your clients are impacted by last year’s updates to Section 1411? Understand the impact of phantom income, allocation of deductions, Section 469 planning and rebalancing clients’ portfolios. Plus, you’ll benefit from lessons learned over the past year.
Barbara C. Oberman, MAM, GBDS, CHRS Barbara C. Oberman Insurance Services, Inc. Meredith J. Sesser, Esq. Brucker & Morra APC 02:30
{Break}
02:40
Pension Update From self-directed IRAs to the Form 5500 EZ pilot program for delinquent filers, you’ll be in the know when it comes to tax reporting for qualified retirement plans. Additionally, you’ll learn what you can and cannot do with roll-over IRAs.
Karen Brosi, EA, CFP Karen Brosi, EA, CFP, a Limited Liability Company 10:35
{Break}
10:45
Compliance for the Repair Regulations: Form 3115 Nightmares Learn how you can effectively utilize the new rules on cost capitalization, and taxpayer friendly safe harbors. This session will cover how to adopt the safe harbors and make other necessary accounting changes; understand cost capitalization under the new regulations; learn when safe harbors apply; and be able to implement changes on the tax return and complete Form 3115.
Meredith J. Sesser, Esq. Brucker & Morra APC 03:40
Virtual Currency Virtual currency isn’t just in the science and technology section of the newspaper anymore. This session will help you understand cryptocurrency, mining vs. buying, the risks of loss, record keeping challenges and dealing with future unknowns. Kevin Dougherty, CPA Deloitte Tax LLP
Kathleen K. Wright, CPA, J.D., LLM, MBA Golden Gate University 12:00
ACA: Here Comes Round Two 2014 has been a year of change in the health care industry. Learn the latest regarding health plan audits for small and large employers; calculating the premium tax credit; the individual mandate and associated penalties; and new forms. You won’t want to miss the details on CPA due diligence as it pertains to the ACA.
Robert Lee Massey, CPA Deloitte Tax LLP
{Lunch–plated lunch provided} 04:30
Adjourn
CONFERENCE PLANNING COMMITTEE
Conference Planning Committee Arthur J. (Kip) Dellinger, Jr., CPA Cooper Moss Resnick Klein & Co. LLP Conference Co-Chair Annette Nellen, CPA, CGMA, Esq. San Jose State University Conference Co-Chair Mark W. Clark, QPA, APA Benefit Associates, Inc.
Philip D. W. Hodgen, Esq., LLM HogdenLaw PC Ernest F. Howard, CPA Ernest F. Howard, CPA Jacqueline A. Patterson, J.D., MBT, CPA Buchanan & Patterson, LLP Meredith J. Sesser, Esq. Brucker & Morra APC
Michael S. Fredlender, CPA Michael S. Fredlender, CPA, APC Thomas M. Garcia, CPA Moss Adams LLP
YOUR has come true CalCPA Education Foundation Value-Priced Education (VPE) discount programs are now valid for one year from date of purchase.
2014-15 Discount Programs: VPE 80 $1,295 VPE 40 $795 Purchase during your license renewal month to VPE 24 $675 maximize your savings while earning up to 80 hours of CPE through our conferences, courses and on-demand and PDF self-study products. You have more than 1,200 offerings from which to choose.
Learn more and purchase a discount program at
calcpa.org/discount.
REGISTRATION INFORMATION
REGISTER ONLINE calcpa.org/TaxUpdate14
Contact CalCPA Education Foundation P.O. Box 45066 San Francisco, CA 94145-0066 Phone (800) 922-5272 Fax (888) 868-8558 Web calcpa.org Event Pricing Member $650 Nonmember $850 Conference Registration Nov. 24-25 Hyatt Regency San Francisco Event Code 5141531A Nov. 24-25 Sheraton Universal City Event Code 5141531B Nov. 24-25 Webcast Event Code 5141531C Discount Programs Save hundreds with Value-Priced Education (VPE) and Coupons. VPE 80 $1,295 CalCPA Member VPE 40 $795 CalCPA Member VPE 24 $675 CalCPA Member Coupon 10 $2,495 CalCPA Member Learn more about CalCPA discount programs, (800) 922-5272 or calcpa.org/discount Materials for this conference are provided in PDF format. You will receive an email that contains a link for accessing the materials at least three days before the conference.
Registration Policy All registrations are taken on a first-come, firstserved basis. The CalCPA Education Foundation reserves the right to refuse admission to any individual whose behavior it deems inappropriate. Cancellation Policy If you need to cancel your registration, you must cancel four business days prior to the event to receive a full refund. After that time a refund will be given less a $125 cancellation fee. No refunds will be given for no-shows. VPE no-shows will have the number of registered CPE hours deducted from their VPE credit. Coupon no-shows will forfeit the coupon used to register. For registration policies please go to calcpa.org/policies. Note: Topics and speakers are subject to change. For up-to-date information, please go to calcpa.org CalCPA Education Foundation is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417 or www.learningmarket.org.