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All sessions are for 2 CE credits unless otherwise indicated.

Course 1011 Keynote Session

You must attend this session for a full day's credit.

Update on the Activities and Priorities of the NYS Department of Taxation and Finance
(1.5 TAX CPE) (1.5 MAP) (1.5 CFP TP-F42)

Joseph Carzo, Director, Audit Division, NYS Department of Taxation and Finance

Keeping Current in Changing Regulatory Times
(1.5 TAX CPE) (1.5 MAP) (1.5 CFP TP-F42)

Jennifer B. Winters, Executive Secretary, NYS Education Department

The Executive Secretary to the State Board for Public Accountancy, Jennifer Winters, will discuss the past, present, and future state of the evolving regulatory environment.

Course 1021

Current Developments in Preparations, Compilations, and Reviews
(A & A CPE)

Frank A. Gallo, CPA, Edward P. Caine, MBA, CPA, CFF, CITP, CGMA

We will review the SSARS Standards and discuss how these standards affect your practice. Discuss when the accountant is engaged to prepare financial statements, but not engaged to perform an audit, review or compilation. We will provide practical examples that can be immediately used. Discuss documentation requirements for compilations, review prospective and proforma financial statements. Discuss reporting requirements on compiled reviewed or prepared financial statements. Included will be a discussion on the latest Peer review requirements in NYS and PA.

Course 1022

IRS Collections & Appeals – Working Together for Alternative Resolutions
(TAX CPE) (1 CLE) (CFP TP-F47) (IRS CE G1U2N-T-00189-19-I)

Kristen Bailey, Director, Collection Appeals, IRS Independent Office of Appeals;
Scott Reisher, Director, Campus Collection, Yvonne R. Cort, Esq.

Panelists consisting IRS Collection and Appeals representatives along with a practicing Tax Attorney, will discuss Collection Appeals Hearing process with a focus on Collection Due Process, Collection Appeals Program and Offers in Compromise.

IRS/Small Business-Self-Employed Operating Division Program Goals & Objectives for Tax Compliance
Scott Reisher, Director, Campus Collection

Insights into SB/SE’s 2020 priorities and the role that education, technology and data analytics will play.

Course 1023

NYS Sales Tax Audit & Tax Collection Issues

Karen J. Tenenbaum, Esq., LL.M. (Tax) CPA, Marisa M. Friedrich, Esq., Leo Gabovich, Esq.

When business owners don’t pay their taxes, NYS comes after their business and sometimes, come after them personally. Gain invaluable insight as to the appeals process and challenging assessments post-audit. Learn about collection alternatives, tactics and strategies to avoid the closure of businesses from a distinguished panel of attorneys who handle NYS tax collection issues every day.

Course 1024

401(k) Plans: Fiduciary Issues, Remitting Deferrals, and Auto-Enrol Pros and Cons

Stephen Abramson, CPC, CLU, ChFC

This session will cover several related issues as indicated above. In one way or another, these topics are key in protecting your clients from fiduciary litigation which is widespread in 401(k) plans of various sizes as measured by plan assets. These class action proceedings focus on plan/fund expenses, use of revenue sharing, use of proprietary funds among others. Join us to get the details.

Recently a case was settled for $55 million not including the legal fees paid by the plan sponsor of approximately $42 million over more than 10 years.

Course 1025

199A Demystified
(TAX CPE) (CLE) (2 IRS CE G1U2N-T-00190-19-I) (CFP TP-F47)

Beanna J. Whitlock, EA, CSA, RTRP

2019 filing season was one we all "hoped" our tax software was correct. The journey of the 199A from the Tax Cuts and Jobs Act is treacherous and one must be clear on the elements of Qualified Business Income, Unadjusted Basis in Assets and other issues to secure the 20% reduction in taxable income.

Added to the complexities of the 199A are the application to rental property. From the trade or business determination to the 250-hour safe harbor rule, tax professionals must get it right for their clients.

The presentation will confirm what you know, add to your knowledge and give you confidence in this most complex of tax issues.

Course 1026

Real Estate Tax Deductions That Most Tax Professionals Are STILL Missing For Their Clients

Eric P. Christenson, Cost Segregation Services, Inc.

During this program, we will go over:

  • Capital to Expense Reversal
  • Asset Disposition
  • Ratio Test for medium to large expensing decisions?

We will review these valuable tax deductions that are slipping past your clients.

Course 1031 (Lunch Program)

1041 & TCJA
(1 TAX CPE) (1 CFP TP-F45) (1 CLE) (1 IRS CE G1U2N-T-00191-19-I)

Robert S. Barnett, CPA, Esq., Gregory L. Matalon, Esq.

Income taxation of Trusts and Estates has become more complicated after the TCJA. We will review various considerations affecting taxation including: Basis considerations; Section 754 elections; DNI calculation and new considerations for planning; Utilization of Beneficiary tax brackets; Section 199A planning and anti- abuse regulations. Time permitting, we will include qualified disclaimers and other tax elections as well as a mention of GST planning benefits.

Course 1032 (Lunch Program)

Financial Literacy for the Next Generation
(1 SK CPE)

Karen Tenenbaum, Esq. LL.M. (Tax); Leslie H.Tayne, Esq., Rich Weinstein, Co-founder, Money Masters, Inc., Jamie Bogenschutz, Jonathan London, Financial Advisor

Wouldn’t it be great we if could teach young children about money the same way we teach them ABCs and 123s? And what better gift for the future is there than to help them value and be responsible money masters. Learn more about how you can teach children about financial literacy.

Course 1033 (Lunch Program)

Alternative Investments
(1 TAX CPE) (1 CLE) (1 CFP IP-E41)

Corey Stein, Senior VP, Financial Advisor, Portfolio Mngmnt. Director, Morgan Stanley Wealth Management

Alternative Investments have the potential to help lower volatility and increase returns, diversification and potentially be tax beneficial in a client’s portfolio. Qualified Opportunity Zones, 1031 Exchanges, and other tax credit and tax deferred investments and how they work and taxable consequences. We will discuss the potential for suitable investments for the right investor; Hedge Funds, Managed Futures, Private Real Estate Funds, Private Equity Funds, Exchange Funds, Private Placement offerings, Private Credit Funds.

*Morgan Stanley does not give taxable advice. We recommend tax questions be directed to a Professional CPA.

Course 1034 (Lunch Program)

Are You a QBO Hero?

James N. Filicetti, CPA

The switch is on from any accounting software to QuickBooks Online. In this interactive session, learn how to seek knowledge in understanding the depth and breadth of the conversion process among any Software and QB Online. Learn proven methods from your peers to make you and your firm more profitable by adopting workflows you will want to know. Are you the next QBO Hero to your clients?

Course 1035 (Lunch Program)

Estate and Elder Plans fo the Other 99 ½ Percent of Us
(1 SK CPE) (1 CFP GP-B14)

Gary H Friedenberg, CPA, Esq., and Moss J Kaufman, CFP®, EA, CLTC

We live in a changing financial environment. Middle class incomes can be considered earners of a half million dollars a year. Thanks in part to a strong real estate market and investment returns. A middle-class estate can be anywhere from a half million to ten million dollars. Gary H Friedenberg, CPA, ESQ and Moss J. Kaufman CFP®, EA, CLTC have teamed up to discuss how they have solved challenges and problems that a large number of families and entrepreneurs will encounter today and 50 years’ worth of tomorrows.

Course 1036 Just Lunch

No Program - Just Lunch

Course 1041

1040 Update Part 1
(TAX CPE) (CLE) (CFP TP-F42) (2 IRS CE G1U2N-U-00184-19-I)

Neil Katz, J.D., LL.M, CPA

Course continues at 1051 and repeats at 2041

This presentation will focus on the changes that affect the preparation of the 2019 Form 1040, including a complete discussion of the aftermath of the Tax Cuts and Jobs Act and the recent guidance that has been issued to address these and other provisions. In addition, there will be a discussion of the latest case law, rulings and other current developments that affect the 2019 tax year.

Course 1042

Roadblocks in M&A and How to Avoid Them

William Carlino, Transition Advisors

If there are 50 things to think about in a merger, the smartest of us will think of at most 35. Any merger can be fraught with unexpected hurdles and complex issues – but the key to overcoming them is knowing what to look for and what to do when an issue comes front and center.

In this session attendees will learn:

  • Identifying common M&A roadblocks and how to avoid them
  • Determining what are the “must haves” in any deal
  • What does equity mean?
  • Why time kills all deals
  • What are changes behind the door and in front of the door?
  • Why it’s critical to review your partnership agreement prior to a deal
  • Strategies to develop party unity

Course 1043

Long Term Care Consequences Are Real. What Is Your Plan?

Natalie Karp, MBA, CLTC, Rona Loshak, MBA, CLTC

A discussion of the most up to date long term care insurance solutions to protect lifestyle and legacy given the looming long term care crisis facing all of us.

Enhance revenue and relationships. Learn how to leverage dormant assets; convert tax hostile money to tax free money and use government incentives to finance LTC premiums.

Course 1044

2019 State and Local Tax Update: State Responses to TCJA, Wayfair, Kaestner and Beyond

Harlan J. Kwiatek, CPA, JD, LL.M., CPA

This session will provide an update and analysis of the major developments in state and local taxes during 2019, including states’ responses to TCJA (with a focus on Connecticut’s Pass-Thru Entity Tax, New Jersey’s and New York’s responses to the TCJA) and the U.S. Supreme Court’s decisions in South Dakota v. Wayfair and North Carolina Department of Revenue v. Kimberley Rice Kaestner 1992 Family Trust.

Course 1045

Taxpayer First Act
(TAX CPE) (CLE) (IRS CE G1U2N-T-00192-19-I) (CFP PC-A5)

Beanna J. Whitlock, EA, CSA, RTRP

Not since 1998 has there been such a wide-reaching requirement on the Internal Revenue Service and how it restructures into an agency offering taxpayer assistance.

Be aware of the new requirements of the IRS, several already implemented, and how practice before the IRS will change for tax professionals and the taxpayers they serve.

Course 1046

Estate Planning, Trusts, Asset Protection and Medicaid Myths

Donna M. Stefans, Esq.; Marilyn Stefans, CFP, E.A., Henry Grabkowitz, E.A

Course repeats at 3056

Discussion will explore various types of trusts, estate planning documents, Durable Power of Attorney and Medical Directives. It will include insights and practical information for taxation, gifting pitfall and Medicaid myths of asset protection.

Course 1051

1040 Update Part 2
(TAX CPE) (CLE) (CFP TP-F42) (IRS CE G1U2N-U-00187-19-I)

Neil Katz, J.D., LL.M, CPA

Course repeats at 2051

This is a continuation of Course 1041

Course 1052

New York’s Response to TCJA and Other Hot Topics

Mark S. Klein, Esq., Joseph N. Endres, Esq.

Course repeats at 2011

This seminar will cover the latest developments in New York State’s 2019-2020 budget bill, including NY’s response and implementation of the TCJA.  We will discuss the SALT cap workarounds, while also highlighting new decisions, rulings, and administrative releases affecting New York’s personal income, sales, and corporate taxes, as well as the impact of recent Tax Department and Attorney General enforcement initiatives.  Finally, we will review various tax incentive programs, as well as recent changes in New York’s Abandoned Property law and enforcement.

Course 1053

Asset Protection Planning for Accountants, Doctors, Lawyers, and Other Vulnerable Professionals

Matthew E. Rappaport, Esq., LL.M. (Taxation)

This program will describe techniques for clients in sensitive businesses, particularly those requiring a professional license, to legally and effectively protect their assets from unknown and unanticipated future creditors. For accountants, with so much to watch out for in the wake of the TCJA, asset protection planning should be of particular interest.

Course 1054

Candid Presentation Of The Workings Of The IRS And How To Utilize That Knowledge To The Benefit Of Your Clients
(TAX CPE) (IRS CE G1U2N-T-00193-19-I)

Howard M. Silverman, Retired IRS Revenue Agent / Team Coordinator, Examination Division

Walk thru of the examination process, from the smallest most basic to the largest, including public companies, and high wealth individuals.

The process of each type will be covered, discussing the differences, by IRS division and size and type of examination.

We will touch up each step, what can be expected, general preparation tips, agent's responsibilities, information document requests, examination report, appeals rights and procedures, specialist assignments, Joint Committee and collateral examinations.

Course 1055

Special Needs Throughout a Lifespan

Kim M. Smith, Esq., Kim Smith Law Group, LLC.; Bonnie Spiro Schinagle, Esq., Law Offices of Bonnie Spiro Schinagle; Saundra Gumerove, Esq., Saundra M. Gumerove & Associates

The practice of elder law encompasses a broad array of issues such as Medicaid and asset protection planning; long-term care and nursing home care; and the use of Estate planning documents. This program will educate you on the basics of Community Medicaid for Home Care, and Chronic Medicaid for Nursing Home Care for individuals with needs. This presentation also introduces the basic framework of the Individuals with Disabilities in Education Act, including how students qualify for protection and the rights conferred.

Course 1056

Can You Still Find a Successor Who Will Pay You for Your Accounting Practice?

Max T. Krotman, Esq.

Yes, we can. It is not as easy as it was 20 years ago. There are fewer qualified individual successors looking for practices. Look around you. How mature are your fellow practitioners? The reservoir of entrepreneurial accountants continues to shrink each year. But fortunately, local firms are able to leverage the time of its partners by increased computer infrastructure and paying its staff much more than years ago and allowing part time work and remote work.

Staff likes to come to work at 9:00 and leave at 5:00 on the button and enjoy life. Work/Life balance interferes with entrepreneurship. Still, for the moment, every good practice can find a successor.

There will plenty of interactive time for questions and shared experiences.

Day 2 Courses >>       Day 3 Courses >>       Course Grid

All sessions are for 2 CE credits unless otherwise indicated.