Day 2

Keynote Speaker (1 TAX CPE)
Thomas H. Mattox, Commissioner NYS Department of Taxation and Finance

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

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

This is a repeat of Course 1052

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.

IRS Criminal Investigation and Identity Theft (TAX CPE) (CE G1U2N-T-00017-12-I)
"IRS CID" Special Agents: Alan M. Katz, Anthony Roberto, Jr., and Identity Theft coordinator, Carolyn Working

We will first provide an overview of IRS-CID. We will then discuss what Identity Theft is, how it is being used by criminals and what IRS-CID’s role is in combating Identity Theft. Our presentation will also include information on where to report Identity Theft and what the participants’ clients need to do if they are victims of Identity Theft.

Strategies to Build Retirement Income (TAX CPE) (CFP)

Kenneth R. Greenblatt, CFP®

This Program will cover information on how you can help your clients to determine your retirement needs as well as the accumulation methods to reach their retirement goals. Guidelines for IRA and Roth IRA contributions will be discussed as well as conversion options. Business retirement options for self-employed such as SEP, Single K, Profit Sharing and Defined Benefit plans will be covered. We will also address retirement plans offered on a corporate level. Finally, strategies for additional retirement options such as variable annuities and insurance programs will also be discussed.

Divorce Settlement: Not All Assets and Income Are Created Equal (TAX CPE) (CFP) (CLE)
Stephen A. Linker, CPA, CVA, CFF, DABFA & Ada L. Hasloecher, Mediator

The presentation will cover: 1) The financial and tax attributes and elements of risk attributed to assets and liabilities, 2) The information concerning assets, liabilities, and income obtainable from the parties’ tax returns, 3) Other information to be analyzed, 4) An overview on quantifying marital property, and 5) Tax effect of proposed settlement options.

How To Get Fined $100,000 by IRS and Sued by Your Clients (TAX CPE) (CFP) (CLE) (CE G1U2N-T-00018-12-I)
Lance Wallach, CLU, ChFC

Accounting speaker of the year explains abusive, listed, tax shelters, insurance annuity products sold to your clients including popular retirement 412i, 419 section 79 captive insurance life settlements premium finance reverse mortgages etc. that will get you in trouble.  Accountants signing returns face mandatory $100,000 IRS fine. Learn disclosure requirements to avoid large penalties, both to yourself and your client. This popular program helped over 100,000 accountants avoid IRS fines and client lawsuits.

Financial Statements & Obtaining Business Credit - Inside the Lender's View (A & A CPE)
Kevin Ferryman, SVP Capital One Bank

This presentation will cover information banks need with a credit application and the application process. This will lead into the critical factors used to evaluate and structure the loan. Finally, the discussion will focus on how you can help clients to be prepared for borrowing.

Executive Briefing on the Healthcare Marketplace (TAX CPE) (CFP) (CLE)
Todd C. Bellistri, CLU

This session will emphasize on the current state of the health insurance marketplace; identifying opportunities, discussing strategies for addressing the new marketplace and where do we go from here.

 

Tax Aspects of the Affordable Care Act (TAX CPE) (CFP) (CLE)
Robert L. Goldfarb, CPA, PFS, CFP, DABFE, DABFA, CFF, CGMA and Steven Greenberg, CPA

Retirement Plan Concepts & Strategies: Individual & Employer Marketplace (TAX CPE) (CFP) (CE G1U2N-Q-00019-12-I)
Moderator - Robert Lozzi, CFP®, Speaker - Stuart Farmer, ChFC, CLU

We will discuss individual and employer sponsored retirement plans in the 2012 marketplace. Individual retirement accumulation concepts include traditional and Roth IRA’s, Roth conversions without taxation, 72(t), 72(q), RMD’s, Inherited IRAs and Annuities. Regarding retirement plans, the various kinds of retirement plans available to business owners and employees will be presented.

Strategies to Protect Retirement Income (TAX CPE) (CFP)
John Baldi, CFP®

This Program will cover several important protection components that are vital to helping your clients protect themselves from retirement INVADERS. Although retirement planning can be very comprehensive, this presentation will focus on a few topics that are important for protecting your clients during retirement. We will specifically discuss long term care and how it has evolved to what it is today and projections for the future, the pros and cons of trusts in the current environment, how planning today can help avoid headaches in the future should Medicare/Medicaid issues arise and finally, Viatical insurance options for your clients – how they work, who might be a candidate and when it might make sense.

Compilation and Review Update ( A & A CPE)
Frank A. Gallo, CPA, MBA

The objective is to understand the latest developments in compilation and reviews as related to closely held businesses. We will review the latest accounting and review pronouncements including Other Comprehensive Basis of Accounting (“OCBOA”) financial statements. It will enable participants to understand the new requirements for accounting and review engagements and how they will affect their practice.

CT/NJ Tax Update (TAX CPE) (CLE)
(CT) Louis B. Schatz, Esq. & (NJ) Alan J. Preis, CPA, P.C.

Practitioners representing Connecticut and New Jersey clients will discuss 2011 and 2012 legislative developments, which were significant. In addition, the practitioners will provide a review of recent case law and administrative and regulatory developments that affect business and individual income tax returns. Recent developments in nexus policies of each state will also be discussed.

Top Technology Trends & Apps That You Can Put to Work Today (MAP CPE)
A. David Bergstein, CPA, CITP, CGMA

This session will cover processes and tools that firms are employing today to save time, be more efficient and more profitable. This is a digital world that requires CPA firms to employ new technologies including tablets and other mobile devices to stay connected.

NYS Tax Filing Trends and New and Expanded Services (TAX CPE)
Andrew Morris, NYS Dept.of Tax & Finance Director, Business Tax Processing

The NYS Department of Taxation and Finance will present 2012 tax filing trends with particular focus on new and expanded services offered to taxpayers and the tax practitioner community.

Independent Contractor or Employee? Why Proper Classification is So Important (1 TAX CPE) (1 CLE) (1 CE G1U2N-T-00020-12-I)

Mark Reiss, Esq.

There is a misconception that an employer can choose whether to enter into an employment relationship or independent contractor relationship with an individual. The cost of misclassification can be very costly. This course will discuss some of the more common pitfalls of employee misclassification and how to best avoid them.

Marketing Your Practice as a Tech-Savvy Firm (1 MAP CPE) (1 CLE)
Zac Meyer, Thomson Reuters

You already know that technology can help you increase efficiency and automate your workflow. But did you know it can also be a powerful marketing tool for retaining current clients and attracting new ones? Being a tech-savvy firm can even help you with attracting and retaining top employees. In this session, see how technology can enhance your business and increase your bottom line.

Real-life Estate Planning Utilizing Life Insurance (1 TAX CPE) (1 CFP) (1 CLE)
Alan Kahn, CPA, Kevin Matz, Esq., CPA, LL.M (Taxation)

An interactive panel discussion where we will examine case studies of high net worth families and address issues such as Estate tax uncertainty, qualitative aspects of your estate plan, and life insurance considerations.

S Corporation Losses, Basis, Loans & Open Account Debt Rules (1 TAX CPE) (1 CFP) (1 CLE) (1 CE G1U2N-T-00021-12-I)
Robert S. Barnett, CPA, Esq.

S corporation basis and loss utilization are frequently disputed by the Internal Revenue Service. Come hear about the new open account debt regulations and how they impact all S corporation loans and advances. This talk is designed to include a workshop of actual calculations taken from the Treasury Regulations.

Going Paperless? What Does This Really Mean? (1 MAP CPE)
James N. Filicetti, CPA

Going paperless is a lot more than saving paper. From Scanning mail to delivering your final documents through secure portals, let’s discuss the best practice approach. Through Discovery, Planning, Implementation and Follow Through, we can together build a premier workflow solution for you and your firm.

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

This is a repeat of course 1041

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.

Monitoring Life Insurance Policies in Trusts (TAX CPE) (CFP) (CLE)
Lee Slavutin, MD, CLU

We will address the following questions: 1. Why does a trustee need to monitor the policies held in a trust? 2. What guidance is available to the trustee? 3. What can we learn from the three cases that have been litigated? 4. What does the trustee monitor, and 5. Can the trustee delegate this responsibility?

Strategies to Prevent Outliving Retirement Income (TAX CPE) (CFP)
Christopher A. Danzer, Financial Advisor

When should you begin to withdraw money from your accounts? The answer is vitally important and needs to be evaluated on an individual basis. We will look at how to go about answering this question, when to begin to take social security and the effect of taxation in designing a withdrawal strategy. Topics covered will include; reverse mortgages, asset allocation, living benefits, distribution planning theories and techniques.

Cooperative and Condominium Update (A & A CPE)
Michael A. Esposito, CPA; Joel E. Miller, Esq.; James Goldstick & Gerald Niemeier

An update for practitioners on accounting, auditing, legal, tax, finance and property management issues related to cooperative housing corporations and condominium associations.

Who should attend: Designed for practitioners who represent and perform audits of cooperative housing corporations and condominium associations.

My Favorite Flavors of Special Needs Trusts (TAX CPE) (CFP) (CLE)
Vincent Russo, Esq., LL.M., CELA

Special needs trusts come in more than one flavor. Each type of special needs trust has its own unique characteristics, and its own tax ramifications. This session will review the various types of special needs trusts used in representing special needs beneficiaries and their loved ones, and the tax implications of each.

The Future of M&A and its Impact on Succession Strategy (MAP CPE)
John Raspante, CPA; Joe Tarasco, Accountants Advisory Group, LLC

We will discuss how M&A is transforming the CPA firm marketplace and its competitive effects in regard to competition for quality clients and staff. The presentation includes a discussion on M&A trends and predictions for the future and its impact on CPA firm succession strategy.

NYC/NYS Update (TAX CPE) (CLE)
NYC Dept. of Finance; Howard Reiss and William Hernandez
NYS; Mwisa Chisunka

This course is an update of NYC Finance Payment's Operations including e-filing, filing errors, new forms, new payment options, property tax exemption programs and reporting requirements. Also included is General Corporation Tax request to use alternative allocation method, bank tax business allocation percentages (2012), extension of the Gramm-Leach -Bliley Act and economic nexus-credit card companies. NYS Tax Law Updates will include forms changes for the upcoming season, and new guidance and any pertinent advisory opinions.

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

This is a repeat of Course 1051

This is a continuation of Course 2041

Life insurance Tax Traps to Avoid (TAX CPE) (CFP) (CLE)
Lee Slavutin, MD, CLU

Life insurance is a unique asset that enjoys income and transfer tax exclusions and exemptions. We should do everything we can to protect and use these tax benefits. We will address the following questions: 1. What are the important income, gift, estate and GST tax traps that involve life insurance? 2. What is the "most serious" income tax mistake involving life insurance? and 3. What is the single most valuable tool to detect and prevent tax errors involving life insurance?

Strategies for Transferring Wealth (TAX CPE) (CFP) (CLE)
Moss Kaufman, CFP®

A team of financial planners, attorney, investment professionals, and life insurance experts will make a panel presentation and analyze several case studies using both conventional and creative approaches to efficiently transfer assets. Current and posthumous transfer options will be explored. A variety of different ownership arrangements, estate documents, and challenges will be discussed. Special attention will be paid to IRA Beneficiary arrangements and distribution planning.

How to Have Your Cake and Eat it Too! Keys to Succession Planning Through Merger or Sale of Your Practice (MAP CPE)
Max T. Krotman, Esq.

Attend and Participate in an interactive Colloquium of 3 local Professionals who have been through this process successfully. Learn how to maximize the value of your practice. Find out how you can also continue to work part time or full time for as long as you want. Improve the quality of your professional life and simultaneously take good care of your staff and your clients.

ERISA Rules and 401(k) - Your Clients Will Thank You! (TAX CPE) (CLE) (CE G1U2N-Q-00022-12-I)
Ary Rosenbaum, Esq.

Discover the Ethos Process and how it protects your clients from fiduciary liability. Show them how to save Substantial Dollars for themselves with little or no cost for employees. Alert them to 408(b)(2) and the updated ERISA regulations. Give your clients the tools they need for a successful retirement plan.

The Status of Same-Sex Marriage After the First Anniversary of the New York Marriage Equality Act (TAX CPE) (CLE)
Joseph G. Milizio, Esq.

2011 recognition of same-sex marriage in New York has brought about many changes for the lesbian and gay community. What has changed and what hasn't after one year? This session will provide an overview of the status of same-sex marriage in New York and the lack of recognition for federal purposes. State and federal Income and estate tax issues will be addressed, as well as marriage rights and obligations, divorce, children and adoption, recognition by other states and the current status of the Defense of Marriage Act.