Robert S. Barnett to Speak at NCCPAP’s 18th Annual Accounting and Tax Symposium
Robert S. Barnett, CPA, Esq., MS (Taxation), Founding Partner of Capell Barnett Matalon & Schoenfeld LLP of New York City and Jericho, NY, has been invited to present a number of critical estate planning and tax-related topics at ATS 2020, NCCPAP’s Annual Accounting and Tax Symposium. The conference will take place on November 10, 13, 18 and 19 in a virtual format. As a past President of The Educational Foundation of the Nassau/Suffolk Chapter of NCCPAP, Mr. Barnett is well known to the Symposium attendees and presents his topics with knowledge, personality and humor. This year, his four sessions include: Estate Planning after the Election, 1041 and Estate Planning after TCJA & CARES, as well as two topics that go hand in hand, Net Operating Losses and Passive Activities & Risk Rules.
About His Presentations
Estate Planning after the Election, in conjunction with Neil D. Katz, J.D., LL.M, CPA
While there is certainly a lot of political noise right now, it will all become a reality after the election. Mr. Barnett and Mr. Katz will have an entertaining and animated discussion regarding estate planning provisions, what they mean, and what will happen based on the results. They are encouraging tax professionals to begin to explore ideas that will tremendously impact the rest of this calendar year. Needless to say, there will be a lot of last-minute decisions. Mr. Barnett comments, “There’s fear in the wind, but practicality as well. We’ll need more than a crystal ball to see what will unfold.”
1041 and Estate Planning after TCJA & CARES, in conjunction with Gregory L. Matalon, Esq., Founding Partner, Capell Barnett Matalon & Schoenfeld LLP
Between the large number of changes from TCJA and CARES and historically low interest rates, there are multiple factors affecting the estate planning community. In addition, the IRS recently released its final regulations on Form 1041 deductions which Mr. Barnett will cover in great detail. As wealth has increased and families have become blended through second marriages, children of first spouses, etc., more trust returns are being filed than ever before. This is a function of both asset valuation and the necessity to preserve and protect assets, while maximizing tax benefits. Don’t miss this session.
Net Operating Losses
The IRS loves to audit losses and for the tax year 2020, this topic is paramount to the Symposium. Mr. Barnett will cover technical areas regarding the loss calculations themselves, as well as new provisions of the law, various elections, what to look out for, and how to be most effective.
Passive Activities & Risk Rules
This topic goes hand in hand with the loss calculations discussed in the above session. Mr. Barnett will be giving participants a very usable framework with some examples to make it relevant to their practices. “While there are numerous computations, I’ll try to put it all into an understandable two-hour format,” encourages Mr. Barnett.
In addition to the above sessions, Mr. Barnett’s partner, Stuart H. Schoenfeld, Esq. will be speaking about eldercare and how CPAs can supercharge it for tax considerations. Another of Mr. Barnett’s partners, Yvonne R. Cort, Esq., will be speaking about current IRS and NYS collection activities, and will also be on a panel discussing NYS residency in the time of COVID.
About Mr. Barnett
A frequent lecturer on many aspects of tax and business law, Mr. Barnett applies creative and practical solutions to his fields of expertise. He has received numerous awards and commendations for his leadership in law and accounting. Mr. Barnett serves on the Nassau County Bar Association’s Academy of Law and previously was a Co-Chair of the Tax Committee. In addition to his involvement with NCCPAP, he is past President and past Executive Board Member of the New York State Society of CPAs, Nassau Chapter, and current Chair of the Estate Planning Committee. He has written articles on numerous aspects of estate and tax planning and is a frequent contributor to the New York State CPA Journal, The New York Law Journal, and other publications.
About ATS 2020
The Educational Foundation of the Nassau/Suffolk Chapter of NCCPAP and the Nassau/Suffolk Chapter of NCCPAP present this year’s 18th annual NCCPAP Accounting and Tax Symposium (ATS 2020). Formerly known as the Long Island Tax Professionals Symposium or LITPS, this year’s conference will be virtual and national. Based on years of success and to accommodate work at home mandates, the organizations are expanding their reach and offering the same high value experience with speakers, exhibitors, and attendees in a virtual conference format. Attendees can earn up to 36 CPEs over the four-day conference. Early Bird discounted pricing is available through October 23, 2020. Learn more at nationalats.org.
The National Conference of CPA Practitioners (NCCPAP) is a professional organization comprised of Certified Public Accountants practicing in the United States. In addition to serving as a forum for education, networking, and community impact, NCCPAP also advocates for its clients. NCCPAP influences tax administration and tax policy by regularly meeting with Internal Revenue Service representatives, state taxing authorities, and elected officials. NCCPAP members represent over one million businesses and individual clients. The organization is headquartered in Woodbury, NY. For more information visit, www.NCCPAP.org.