Day 2

Keynote Speaker (1 A&A CPE)
George S. Willie

New York State Tax Update (TAX CPE) (CFP-ITP) (CLE)
Mark S. Klein, Esq., William J. Comiskey, Esq.

This is a repeat of Course 1052

Enjoy a fast-paced discussion of "hot" New York State tax developments, including the new Budget Bill. In addition to a review of new cases, legislation and administrative rulings, this presentation will also discuss the State's extremely successful residency audit program and new developments in sales and use tax cases. The impact of recent Tax Department enforcement initiatives will also be discussed.

Gaining Greater Efficiencies with Intuit Lacerte Tax (1 MAP CPE) (1 TAX CPE)
Jim Buffington, CPA Customer Liason, Intuit ProTax Group

Learn how to gain greater efficiencies with Lacerte by leveraging the data integration with QuickBooks and see how when used with Intuit Practice Management, Lacerte can also help you better manage your client list and engagements, track time spent on client returns and view reports on your firm’s efficiencies.

Clarity Project and More (A & A CPE)
Woody Goldstein, CPA

This Program will cover; Auditing Standards Board Codification of Statements on Auditing Standards (i.e., “Clarity Project”) – SASs #122-124. AICPA’s New Financial Reporting Framework for Small and Medium-Sized Entities; provides consistent, simplified, cost-effective information to owners of private companies and other stakeholders and allows CPAs to exercise their professional judgment, knowledge and skill, reinforcing their role as trusted business advisors.

Identity Theft: The #1 Crime in America (SK CPE)
Armando D’Accordo, President, CMIT Solutions

In this session you will learn where you’re vulnerable and be made aware of recent scams and social engineer efforts. You will also learn the best practices for protecting information for you and your clients. If you want to stay compliant and safe, this session is a MUST!

Cross Border Planning (TAX CPE) (CFP-EP) (CLE) (CE G1U2N-T-00048-13-I)
Sazeeda Itwaru, Esq.

Ex-patriots, tax situations, cut offs, reciprocal issues and opportunities. From a legal and tax view (an estate attorney discusses estate planning across borders as it applies to countries that have treaties with the U.S. In particular, cover ownership of foreign assets and planning for its eventual transfer, validity of the foreign Will and/or ancillary probate. Also cover the tax ramifications of the same issues.

Special Needs Trusts: The Who, What, When and Why? (TAX CPE) (CFP-EP) (CLE)
Vincent J. Russo, Esq., LL.M., CELA

Mr. Russo will explore the use of various Special Needs Trusts by first defining them and then highlighting their benefits. He will draw from his client experiences to make this workshop a wonderful introduction to Special Needs Trusts as well as explaining the practical application of these trusts.

IRS Criminal Investigation and Identity Theft (TAX CPE) (CLE) (CE G1U2N-T-00049-13-I)
Anthony Roberto Jr., IRS - Criminal Investigations; Supervisory Special Agent, Carolyn R. Working; IRS - Criminal Investigations, Special Agent, Giovanni Lepore, IRS - Criminal Investigations, Special Agent

An overview of IRS Criminal Investigation including; discussion on what Identity Theft is; how it is being used by criminals and what IRS-CI is doing about Identity Theft. This presentation will also include information on where to report Identity Theft and that the participants’ clients need to do if they are victims of Identity Theft.

LLC's and How to Change the Federal Tax Classification and Maintain the LLC (TAX CPE) (CFP-ITP) (CE G1U2N-T-00050-13-I)
Beanna J. Whitlock, EA, CSA, RTRP

An overview of Limited Liability Company structure and unique tax status is followed by how to change the federal tax classification of the LLC without liquidating the LLC. A step by step process will instruct the tax professional on how to change the federal tax classification, what is required by the Internal Revenue Service, and finally how to shut-down the LLC when the time comes.

Tax professionals will be refreshed on the unique tax capabilities of the Limited Liability Company, including the ability to change the Federal Tax Classification of the LLC without liquidating the LLC. The liquidation of the sole proprietorship, partnership, C and S corporaitons will be reviewed with examples of each to assist the tax professional. These complex calculates happen infrequently in a normal business but in an LLC they can be much more frequent as the Federal Tax Classification can be changed and although has some restrictions is much more apt to require tax and accounting actions than a non-LLC business.

Challenging an IRS Determination from Appeals to Tax Court (TAX CPE) (CFP-ITP) (CE G1U2N-T-00051-13-I)
Bernard S. Mark, Esq., LL.M. (Taxation); Yvonne R. Cort, Esq.

The seminar will include when and how to appeal an IRS determination, as well as practice tips on settlement and preserving the taxpayer’s rights. We will cover 90-day letters, 30-day letters, Collection Due Process and Collection Appeals Process hearings, docketed Appeals; and preparing, handling and resolving a case in Tax Court.

IRS Foreign Reporting Pitfalls: Offshore Accounts & Activities, FBAR, & Reasons to Voluntarily Disclosure Missed Filings (TAX CPE)
Neil A.J. Sullivan, CPA, TEP

Offshore disclosures are complex and include: assets held individually or through a foreign entity (such as corporation, trust, or partnership) and transactions with foreign persons and/or entities. IRS civil and criminal penalties for missed filings are Draconian ($10,000 ++).

Financial transparency through a network of international cooperation among 60 countries increases risks of nondisclosure of offshore accounts and activities, as exemplified by: Foreign reporting by Foreign Financial Institutions (FFI) to IRS under the Foreign Account Tax Compliance Act (FATCA), Tax Information Exchange Agreements (TIEA’s), and OECD multilateral Convention on Mutual Administrative Assistance in Tax Matters.

U.S. IRS Offshore reporting disclosures include: Specified Foreign Financial Assets, Form 8938; Foreign Trusts & Gifts, Form 3520; Foreign Corporations, Form 5471; Foreign Partnerships, Form 8865; & Transfers of Property to a Foreign Corporation, Form 926.

FBAR E filing tutorial - to (a) register & (b) E file your clients Report of Foreign Bank and Financial Accounts.

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

Course repeats at 2044

Practitioners representing Connecticut and New Jersey clients will discuss significant recent legislative developments in their respective jurisdiction. In addition, the practitioners will provide a review of significant 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.

Why is Financial Planning for Retirement Not as Simple as You Might Think? (TAX CPE) (CFP-RP)
Mark Badami, CFP®; John Baldi, MBA, PFS, CPA

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.

PPC’s SMART Practice Aids - Audit Essential and Compilation & Review Engagements (A & A CPE)
Cheryl Stydnicki, Director of Product Management, Thomson Reuters

Course repeats at 3022

In this class, you will learn to efficiently plan and execute the entire PPC audit process within PPC’s SMART Practice Aids – Audit Essential. With this new, simplified version of SMART, we’ve cut out all the hassles surrounding audit engagements and provided just the essentials you need. Now you can document audit planning, assess risk, tailor your engagements and complete your audit programs - bringing new levels of efficiency and peace-of-mind to your audit engagements. This class is designed for auditors that do not yet use PPC’s SMART Practice Aids for audit engagements.

You will also learn to increase efficiency using automated, industry-tailored checklists and forms for the engagement planning and performance of your compilation and review engagements. PPC's SMART Practice Aids - Compilation and Review brings dynamic SMART functionality to the leading engagement process delivered in PPC's Guide to Compilation and Review Engagements.

Protecting Business Clients from EOLI (Employer Owned Life Insurance) Shortfalls (TAX CPE) (CFP-IP)
Philip M. Herr, JD, CPA, PFS

Businesses buy life insurance for a variety of reasons and rarely do they consult their CPA. Contrary to popular belief, what they don't know CAN hurt them, especially from a tax perspective. This presentation will examine case scenarios where being aware of the EOLI issues can enhance a CPA's credibility with clients and centers of influence. It will address the problem, the issues and remedies found in the IRC and the 2009 IRS Notice.

Passive Activities - Real Estate Professionals (1 TAX CPE) (1 CFP-ITP) (1 CLE) (1 CE G1U2N-T-00052-13-I)
Robert S. Barnett, CPA, Esq.

This program describes the substantial tax benefits granted to Real Estate Professionals. Qualification and applicable requirements will be analyzed. PROTECT YOUR PRACTICE – recent cases and revenue procedures affecting CPAs will be discussed.

Top Ten Things Accountants and Professionals Need to Know About Bankruptcy (1 TAX CPE) (1 CLE)
Andrew M. Thaler, Esq.

Bankruptcy affects individuals and business entities. Whether assets and debts are substantial or not, there are basic tenets of bankruptcy law that every accountant, lawyer and trusted professionals must have knowledge in order to properly guide their clients. In today’s turbulent economic environment no one can be confident that they will be immune from dealing with a bankruptcy related issue at some point, either as a creditor or a debtor. This program will provide an overview of critical bankruptcy concepts that every professional must have a basic understanding. There will be a discussion of the distinction between bankruptcy, Chapters, 7, 11 and 13. Among the topics that will be discussed are (i) the scope and meaning of the Automatic Bankruptcy Stay; (ii) “Avoidance” Actions to recover fraudulent conveyances, Ponzi Scheme and preferential transfers; (iii) transformation of loan to capital; (iv) discharging tax obligations; (v) bankruptcy exemptions; (vi) filing of claims and priorities; (vii) treatment of contracts and leases and (viii) sale of assets in bankruptcy.

Sales Tax e-Commerce and Multi-State (1 TAX CPE) (1 CFP) (1 CLE)
Mark L. Stone, CPA, Jennifer Koo, Esq. and Joseph Calamia II

This program will include discussions about sales and use taxes in the digital age. Some of the topics will be the electronic delivery of products, software and sales made through the internet. There will also be an overview of the Marketplace Fairness Act being discussed by the U.S. Legislature.

Cost Segregation & The New Tangible Property Regulations (1 TAX CPE) (1 CLE) (1 CE G1U2N-T-00053-13-I)
Eric P. Christenson, Associate, Cost Segregation Services, Inc.

The new Tangible Property Regulations will have a tremendous economical impact on clients that own and improve commercial real estate. This presentation will help make Tax Professional aware of the issues and timelines that concern them and their clients. It will illustrate the importance of researching these issues, identifying impacted clients, and when applicable, partnering with a Cost Segregation Company to assist them in accurately performing asset valuation and cost segregation studies.

Building Your Professional Brand and Attracting Business with LinkedIn (1 MAP CPE)
Bill Corbett Jr., President, Corbett Public Relations

LinkedIn is essential for business growth. Learn practical strategies accounting professionals can use to build their professional brands and reputations, demonstrate expertise, build a dynamic database, make connections and build trusting relationships that will lead to referrals, direct business and improve client retention. Learn mistakes to avoid and best practices.

Investigating Financial Myths vs. Realities (1 SK CPE) (1 CFP-IC)
Audrey Kirwin, Financial Advisor, Registered Representative, Sound Wealth Financial

A challenge to traditional financial thinking and a new way to help clients grow wealth while protecting against unexpected life events. Look at a refreshing new approach to age old financial strategies and decision making priorities. Explore a fundamental shift from the common tactics to uncommon ones and discover the truth about many popular financial strategies.

1040 Update Part 1 (TAX CPE) (CFP-ITP) (CLE) (CE G1U2N-U-00002-13-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 2013 Form 1040. In addition, there will be a discussion of the latest cases, rulings and regulations that affect the preparation of the 2013 Federal Income Tax Return.

The Mobile Firm (MAP CPE)
Christina E. Kellerhals, Product Manager, Thomson Reuters

With the prevalence of smartphones, tablets, and Internet access from anywhere, we know mobile technology is quickly changing how we operate and interact with each other. But what does the mobile revolution mean for the accounting firm—and how can you make mobile work for your firm? Fortunately, there are a variety of timesaving tools that can help firms take advantage of mobile conveniences while maintaining tight security on client data. In this session, we’ll discuss some of the technology that will help your firm go mobile.

Compilation & Review: What Lenders Are Looking For (A & A CPE)
Frank A. Gallo, CPA

The objective is to understand the latest developments in compilation, reviews and financial statements as related to closely held businesses. We will discuss what bankers are saying when they look at financial statements. 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.

This is a repeat of course 2024

Practitioners representing Connecticut and New Jersey clients will discuss significant recent legislative developments in their respective jurisdiction. In addition, the practitioners will provide a review of significant 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.

When, Why and How to Partner With a Financial Planning Professional (TAX CPE) (CFP-FP)
Chris Danzer, CFP® & Shamir Hirsch, CFP®

Your clients are in need of solid financial advice. As a trusted partner in both their personal and business lives, you are a critical component in ensuring the advice they receive is accurate and top quality. In this session we will discuss how to go about selecting two or three professionals that you can recommend to your clients. What makes an advisor different from a broker (it’s not the name)? Learn what to expect from a quality financial professional and why some of the simple truths of investing are not so simple.

Smarter Social Security - Strategies to Maximize Spousal Benefits (SK CPE) (CFP-RP)
Daniel G. Mazzola, CFA, CPA

A broad overview of the Social Security program as it relates to retirees and their beneficiaries while emphasizing spousal benefits. An AARP survey conducted in 2012 determined that only half of the respondents who were either married or who had ever been married were aware that spousal benefits were available. Spousal benefits will be examined and we will explore how married couples can optimize their collective payouts using two simple strategies.

The United States Tax Court and the Decisions Being Made that Change the Way We Practice Tax (TAX CPE) (CFP-ITP) (CLE) (CE G1U2N-T-00054-13-I)
Beanna J. Whitlock, EA, CSA, RTRP

An overview of the structure of the United States Tax Court and why this court is so strategic in the representation of taxpayers. A history of the court, who are judges and the process of filing a tax court petition in the United States Tax Court. After a brief introduction of the court, several recent cases will be examined which clearly lay out the court's authority and how the rulings of the court are changing tax law implementation equally to new tax law written by Congress and new revenue rulings and procedures written by the Internal Revenue Service.

Tax Professionals will be alerted to why the United States Tax Court is so very important and the recent cases that have changed how we prepare tax returns. The information offered from actual court cases with the determination of the court will strengthen the use of tax court cases as a reference for the tax professional when they use the court's decisions as authority on the returns they prepare.

1040 Update Part 2 (TAX CPE) (CFP-ITP) (CLE) (CE G1U2N-U-00003-13-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 and Estate Planning Concepts Under the The American Taxpayer Relief Act of 2012 (TAX CPE) (CFP-IP-EP) (CLE)
Alan D. Kahn, CPA, MBA, CLU, ChFC & Kevin Matz, Esq.

The permanence of estate and gift taxation has lead to a return of less sophisticated estate planning techniques that favor life insurance. Learn from a Financial/Insurance Advisor and an Estate-Planning Attorney how the new law has influenced planning emphasizing case studies of high net worth families.

Partnership Allocations (TAX CPE) (CFP-ITP) (CLE) (CE G1U2N-T-00059-13-I)
Jorge Otoya, CPA

With tax season just around the corner, it is important that practitioners review the tax rules applicable to partnership allocations. This session will discuss IRC Section 704, including the substantial economic effect rules, the mechanics of partnership nonrecourse deductions, and the allocation rules with respect to contributed property.

SBA and Other Lending Alternatives for Small & Growing Businesses (SK CPE) (CFP-FP)
Moderator: Thomas Clemens, SVP, Market Credit Executive, Capital One Bank;
Speakers: Marylee Davis, SVP, Market Credit Executive & Brian Smith, Senior Managing Underwriter, Capital One Bank

Find out what the SBA is all about and how it can help your clients. This program demystifies the complex rules of SBA lending in a straightforward way your clients can understand. You will see how to use the SBA 504 program to help your clients obtain 90% financing on owner occupied real estate. Learn how the SBA 7a program can provide the most effective way to finance the acquisition of a small business.

Can You Provide Solutions to the Risks to Which Your High Net Worth Clients Are Exposed? (TAX CPE) (CFP-FP-IP)
Anne Grasser, Client Advisor, and Diane M. Giles, NY Metro Sales Leader, Senior VP, Marsh Private Client Services

This program will help identify the exposures to which high net worth individuals and their families are vulnerable. We will demonstrate how customized, personally tailored insurance programs are designed to mitigate and guard against the potential of a financial loss.

State and Local Tax: New Developments, Trends and Traps (TAX CPE) (CFP-ITP) (CLE)
Brian Gordon, CPA

Keep up to date with NYS Corporation Tax, Sales Tax and Income Tax including: New trends in Residency Issues. Can your weekend residence be your primary residence for state residency purposes? Partnership Allocation: Don’t get caught in traps. Hear about the proper acceptable allocation methods for NYS, NYC UBT, and MCTMT.

Health Reform Update (TAX CPE) (CFP-ITP) (CLE) (CE G1U2N-U-00055-13-I)
David J. Rubenzahl, Esq.

The Individual Mandate goes into effect January 1, 2014; the “Health Insurance Marketplaces” have begun open enrollment; and while Employer Reporting and Shared Responsibility Penalties have been delayed until January 1, 2015, they are still an integral part of the Act.

This program provides an update on the application of these provisions, their attendant notice requirements and penalties for non-compliance, how they interrelate, and other penalty provisions of the Act.