Real Estate Conference San Francisco and Webcast Oct. 29, 2014
CONFERENCE OVERVIEW
AGENDA {AT-A-GLANCE}
Overview: The real estate market has improved, but will the trend continue? Local and global changes have the ability to drastically change the California’s real estate landscape. How can you know what’s in store, and what information is necessary for you to protect your clients’ holdings?
08:30
Welcome and Introductions
08:35
Prop 13: Then and Now
09:15
Property Tax: Case Study
10:05
Break
Attend the 2014 Real Estate Conference to find out what is affecting this sector of business, as well as learn the economic, tax and legal developments impacting property owners. CPAs should understand the sections of California assessment practice that directly affect their real estate clients. Don’t miss your chance to get the latest information and updates from top experts in the field.
10:15
3.8% Net Investment Income Tax and Repair Regulations: Practical Examples and Case Studies
11:25
Dispelling Reserve Myths
12:15
Lunch (sit-down lunch provided)
01:15
Section 121 and 1031 Traps
02:25
Break
Designed for: CPAs, attorneys and other professionals who advise companies and individuals with real estate holdings in California and beyond.
02:35
Partnership Tax Update
03:40
Real Estate Within Self-Directed IRAs: Trick or Treat?
Credit Information: CPE: 8 Hours MCLE: 6.5 Hours
04:30
Adjourn
Level: Update Prerequisites: None
Thank you to our generous silver sponsor:
REAL ESTATE CONFERENCE HOTEL NIKKO SAN FRANCISCO AND WEBCAST OCT. 29, 2014
Conference Planning Committee G. Scott Haislet, CPA, Esq. 1031 Intermediary Conference Co-Chair R. Craig Schmitt, CPA R. Craig Schmitt, CPA Conference Co-Chair Andrea G. Cope, CPA, CGMA Burr Pilger Mayer, Inc.
Phuong T. Dang, CPA Seiler LLP Cameron L. Hess, CPA, Esq. Wagner Kirkman Blaine Klomparens & Youmans LLP Jeffrey Lewis, CPA Friedlander Cherwon Capper LLP
Hotel Nikko San Francisco 222 Mason St. San Francisco, CA 94102
08:30
Welcome and Introductions G. Scott Haislet, CPA, Esq. 1031 Intermediary Conference Co-Chair
12:15
Lunch {sit-down lunch provided}
01:15
Section 121 and 1031 Traps To avoid section 121 and 1031 traps to you need to fully understand them. Review the basics of home sales exclusion; Section 121(b)(5) and 121(d)(10) exceptions; the impact of Windsor; equity sharing arrangements as 1031 replacement; updates on drop and swap and practitioner responsibility.
R. Craig Schmitt, CPA R. Craig Schmitt, CPA Conference Co-Chair 08:35
09:15
Prop 13: Then and Now Be in the know; this session will review the history of Prop 13 and arguments of opposition. Additionally, learn the key issues involved with a split-roll tax and the potential ramifications of Assembly Bill 2372. 02:25 Jonathan Coupal, Esq. President 02:35 Howard Jarvis Taxpayers Association Property Tax: Case Study In this session, you will examine the statutory framework to assess property, hear about the most common errors and remedies for the assessment of real property in California and get tax planning strategies to reduce and mitigate assessment.
{Break}
10:15
3.8% Net Investment Income Tax and Repair Regulations: Practical Examples and Case Studies Practical examples and case studies will provide an informative and engaging session that covers the characterization of 3.8% income tax, repairs vs. improvements, shared de minimis, personalty vs. realty, applicable financial statements and units of property.
{Break} Partnership Tax Update What will be the tax impact of the California Revised LLC Act? Explore the implications of entity choice, determine the best treatment of service partners and discuss special allocations. Gary R. McBride, CPA, J.D. LLM Summit Accountancy Group, Inc.
03:40
James K. Chapman, CPA, SCGREA President & CEO PTR 10:05
G. Scott Haislet, CPA, Esq. 1031 Intermediary
Real Estate Within Self-Directed IRAs: Trick or Treat? Although investing in nontraditional assets using a self-directed IRA has increased rapidly over the past 10 years, the vast majority of IRA owners and their professional advisers still do not fully understand the legal and tax impacts of this type of investment. This session will help you understand how to “issue spot” and point your clients in the right direction to avoid disastrous tax consequences. Warren L. Baker, J.D., LLM Amicus Law Group, PC
04:30
{Adjourn}
Cameron L. Hess, CPA, Esq. Wagner Kirkman Blaine Klomparens & Youmans LLP 11:25
Dispelling Reserve Myths Reserve studies can be misunderstood by those who read them: buyers, sellers, realtors, lenders, managers, the FHA and even CPAs. This session covers the basics of reserve studies: what they are and how you determine the future risk to the association. You won’t be fooled by myths and misunderstandings because in this session you will gain a better understanding of the core issues. Roy M. Helsing, CACM, PRA, RS Helsing Group Inc.
SESSION DETAILS
REGISTRATION INFORMATION
REGISTER ONLINE calcpa.org/RealEstate14
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 $325 Nonmember $425 Conference Registration Oct. 29 // San Francisco Event Code 5141422A Oct. 29 // Webcast Event Code 5141422B 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 which 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.