Day 1

Keynote Speakers (3 TAX CPE)
Eliot Spitzer
Dr. Pearl Kamer, Long Island Chief Economist

Sales Tax of Medical Professionals and Contractors (TAX CPE) (CLE)
Mark L. Stone, CPA

This sales tax program will cover the NY rules that apply to medical practices and other professionals. Additionally we will go over the "capital improvement rules" and contractors’ sales tax responsibilities. The second hour will be an interactive discussion where your questions will be answered. We encourage participants to come prepared with your most pressing sales tax scenarios.

NYS Residency Audit & Appeals Process (TAX CPE) (CLE)
Karen J. Tenenbaum, Esq., CPA, LL.M. (Taxation); Yvonne R. Cort, Esq.;
Leah Robinson, Esq., LL.M (Taxation); Christopher L. Bourell, Esq., LL.M (Taxation)

Be prepared for a NYS residency audit and the NYS appeals process with this review of domicile and statutory residency, including the Department’s 2012 revised guidelines. This case study presentation will focus on the issues raised by recent residency cases and proposed legislation. We will look at how you can increase your clients’ chances of a successful outcome, including how you can implement best practices in anticipation of a residency challenge.

1041 Preparation Workshop (TAX CPE) (CLE) (CE G1U2N-T-00007-12-I)
Robert S. Barnett, CPA, Esq.

This workshop will include 1041 preparation considerations and a detailed working example including IRD and DNI calculations. Intermediate and advanced considerations will also be discussed including capital gain allocations, separate share rule, passive activity loss considerations, qualified revocable trust election and much more.

The Tidal Wave of Employment Claims: What It Means to CPAs and Their Clients (TAX CPE) (CLE)
Glenn J. Franklin, Esq.

The number of wage and hour claims filed with the United States Department of Labor and the New York State Department of Labor has skyrocketed in 2012. Employees have filed lawsuits for overtime, minimum wage and spread of hours clogging the Federal courts.

This session is designed to help the CPA navigate the employment and tax implications of this explosion of claims. Whether the CPA represents individual employees or companies, the latest issues will be discussed.

Using Tax Basis and Other Special Purpose Frameworks Presentations Effectively (A & A CPE)
John Fleming, CPA, MBA

With the complexities and cost of GAAP financials, many practitioners have encouraged clients to use tax basis and other special purpose frameworks financial statements. This session will address special purpose frameworks reporting and disclosure requirements, including the AICPA interpretation and practice aid on special purpose frameworks.

Who should attend: Practitioners in public practice and CPAs who are responsible for the preparation of non-public, non-GAAP financial statements.

The Maze of 401(k) Type Plans (TAX CPE) (CFP) (CLE) (CE G1U2N-Q-00008-12-I)
Stephen Abramson, CPC, CLU, ChFC

Cash or deferred plans, CODAs, the precursor to 401(k) plans officially became what we now know as 401(k) plans in 1978. Although the non discrimination rules have changed the concept of 401(k) remains the same. The original plan design, the traditional 401(k) plan, has now become a maze of multiple plan design options including the Safe Harbor 401(k), the SIMPLE 401(k), the SIMPLE IRA, the Auto Enrol Safe Harbor 401(k) among others. This session seeks to clarify the various options focusing on pros and cons of each.

Minimize Taxes, Maximize Wealth: Understanding Tax Deferral Strategies When Selling Real Estate (TAX CPE) (CFP) (CLE) (CE G1U2N-T-0009-12-I)
Joseph M. Insalaco, CFP®, Todd Pajonas, Esq., Matthew Scheriff, CPA

This course will provide an overview of several important strategies used to minimize, defer or forgive the capital gain tax which may be due upon the sale of real estate, as well as the methods used to compute a capital gain tax and depreciation recapture. Understanding taxes is one of the key methods to maximizing the profitability of real estate transactions.

Identity Theft (1 TAX CPE)
Joseph Muscatello, Special Agent US Secret Service

This program will begin by defining Identity Theft; Types of ID Theft; ATM skimming; skimming devices displayed as well as going over cases and prosecution and the methods to reduce the risk. There will be Q & A before closing.

Federal Wage and Hour Requirements for Employers and Their Representatives (1 TAX CPE)
Irv Miljoner, District Director, US Dept. of Labor

Labor and wages are among the highest operating costs for many businesses. Learn what you need to know to avoid liabilities and stay in compliance with federal wage and hour laws. Topics will include Minimum Wage, Overtime, Recordkeeping, Exemptions, other labor provisions, as well as audit and penalty information.

Don’t Get Caught With Your Drawers Open: Office Security for Tax Preparers (1 MAP CPE) (1 CE G1U2N-T-00010-12-I)
Robert Sick, CPA

This program will provide tax preparers with information and strategies to properly secure client personal information. IRS and FTC guidelines as well various federal and state laws require tax preparers to put in place office procedures to safeguard taxpayer data. Through lecture, discussion and examples, preparers will learn what to look for in assessing office security issues.

Sales Tax and Internet Taxation, Digital Property and How Sales Tax Can Ruin Your Appetite (1 TAX CPE) (1 CLE)
Mark L. Stone, CPA, MST

This program will discuss the effect that selling on the internet has on a company’s sales tax collection responsibility. In addition, this course will cover New York’s sales tax rules on digital property, ebooks, itunes and other electronic/digital property.

The Affordable Care Act – Employer Mandates (1 TAX CPE)
David Rubenzahl, Esq.

The Affordable Care Act includes a number of mandates that increase an employer’s reporting responsibilities and, depending upon its size, its potential tax liabilities. This program provides an update on how current regulatory guidance implements these mandates and their potential effect on your clients.

1040 Update Part 1 (TAX CPE) (CFP) (CLE) (CE G1U2N-U-00011-12-I)
Robert Katz, J.D., LL.M, and Neil Katz, J.D., LL.M, CPA

Repeat course is 2041

This presentation will focus on the tax law changes that affect the preparation of the 2012 Form 1040. In addition, there will be a discussion of the latest cases, rulings and regulations that affect the preparation of the 2012 Federal Income Tax Return.

What to Do When the IRS Knocks On Your Door (TAX CPE) (CLE) (CE G1U2N-T-00013-12-I)
Karen J. Tenenbaum, Esq., LL.M. (Taxation), CPA; Yvonne R. Cort, Esq.;
IRS Gary T. Bove, Collection Group Mngr.

The IRS collection priorities and procedures have changed. Practitioners need to be familiar with these developments, and with techniques to assist taxpayers. This interactive panel presentation on IRS collections will discuss the recent updates in Offers in Compromise and the Fresh Start program, as well as liens and levies, Installment Agreements, and Collection Due Process appeals.

Real Estate Activities (§754 Inc.) (TAX CPE) (CLE) (CE G1U2N-T-00014-12-I)
Robert S. Barnett, CPA, Esq. & Renato D. Matos, Esq.

This lecture will focus on a wide-range of real estate related tax concepts. Topics include new capitalization regulations, depreciation and recapture rules, real estate partnership considerations and recent cases concerning 1031 exchanges.

Retirement Planning Strategies in the Current Environment (TAX CPE) (CLE) (CE G1U2N-Q-00015-12-I)
Alvin Rapp, Founder RPG Consultants

With the enactment of the Pension Protection Act of 2006 (PPA) and subsequent DOL Legislation, plan sponsors have more opportunities and choices for their plans than ever before. However, with those opportunities and choices comes an increased level of responsibility to understand and meet the new fiduciary requirements. The topics to be discussed will cover New Tends in the Retirement Plan Marketplace, New 408(b)(2) and 404(a)(5) Disclosure Rules, and DB & DC Highlights of the 2006 PPA.

Accounting Standards Update (A & A CPE)
John Fleming, CPA, MBA

This session will provide an overview of changes made by accounting standards updates issued after June 2011. Only pronouncements which are relevant to local accounting firms or privately-held companies will be covered in detail. For other issues, a quick synopsis will be provided.

Who should attend: All firms, all staff, all CPAs primarily focused on privately-held companies – all accountants needing a good year-round update on recently issued accounting standards.

Business Owner Strategies for the Expected & Unexpected (TAX CPE) (CFP) (CLE)
Audrey Kirwin, Financial Representative

Pivotal action steps to help business owners limit financially damaging “life” events. Retirement & transition of ownership are key components of planning so easily disrupted by death, disability or divorce. Learn to navigate & leverage changes in relevant laws & tax codes. Discussion of case studies, pitfalls, & strategies to prepare you and your clients.

1040 Update Part 2 (TAX CPE) (CFP) (CLE) (CE G1U2N-U-00012-12-I)
Robert Katz, J.D., LL.M, and Neil Katz, J.D., LL.M, CPA

Course repeats at 2051

This is a continuation of Course 1041

New York State Tax Update (TAX CPE) (CFP) (CLE)

Mark S. Klein, Esq., William J. Comiskey, Esq.

Repeat course is 2011

This program will cover the latest developments in New York State's budget bill, as well as new decisions, rulings, and administrative releases affecting New York's corporate, personal income, and sales and use taxes. The impact of recent Tax Department enforcement initiatives will also be discussed.

Understanding Medicaid - From Planning Options to the Differences between Medicaid and IRS Rules (TAX CPE) (CFP) (CLE)
Paul Hyl, Esq.

Undoubtedly, more and more of your clients are engaging in Medicaid planning to protect their assets. In many areas, the Internal Revenue Code and regulations vary greatly from the laws, rules and regulations governing Medicaid. This course will examine and explain common Medicaid planning techniques and the differences and nuances between the IRS rules and Medicaid rules.

Practice Management Technology in Today’s Firm (MAP CPE)
Michael Giardina, CEO, Office Tools Professional

What can Practice Management software provide for today’s firm? Is it simply a glorified time and billing system? We will take a detailed look at how practice management software has evolved, what best practices are and what to look for when evaluating applications. We will also look at implementation pit falls and how to plan a successful transition to Practice Management.

Recent Compilation and Review Issues (A & A CPE)
John Fleming, CPA, MBA

SSARS 19 effectively rewrote and codified most of the compilation and review standards. This program is designed to address these revised standards.

Who should attend: Practitioners who perform compilations and reviews for small business clients.

The Cost of Business: Is it Deductible or Must You Capitalize? (SK CPE) (CFP) (CE G1U2N-T-00016-12-I)
IRS SB/SE Office of Chief Counsel; Deborah Aloof, Esq.

This course will examine the rules regarding the deduction and capitalization of the costs of tangible business property, as found in Internal Revenue Code sections 162 and 263(a). It will include a discussion of the Treasury Regulations and Revenue Procedures issued earlier this year. Special emphasis will be placed on the distinction between repairs and improvements.

Workflow Intelligence in the Cloud (MAP CPE)
Zac Meyer, Thomson Reuters

Automated business processes translate into tremendous time savings and greater profit potential. And when you combine those automated processes with the convenience and security of the cloud, those benefits multiply. Don’t miss this opportunity to see how you can create a customized, automated workflow in the cloud and have the ability to easily monitor activity from start to finish.