November 1, 2018 – November 2, 2018 8:00am – 4:30pm Map & Directions 602-944-0569

Arizona Federal Tax Institute Conference

Description

This two-day conference provides a detailed analysis of the current and recurring issues affecting the practitioner who provides tax and estate planning services to the family unit and the closely held corporation. It's a two-day conference with one-stop shopping for all the latest updates you'll need to ensure continued success.

Register for 1 day only for $299. For one day registration, please call (602) 252 - 4144 ext. 215.

Location

Black Canyon Conference Center
9440 N 25th Ave
Phoenix, AZ 85021-2714

Registration Time

7:30am

Fees

Member

$550

Non-Member

$550

Phoenix
Taxation
16

Agenda

CONFERENCE AGENDA: Day 1

7:30 – 8:00 On-Site Registration & Continental Breakfast

8:00 – 8:10 Opening Remarks – Welcome from the Conference Chair — Peggy Ullmann

8:10 – 9:40 10 Things You Need to Know About International Tax Now
Burgess Raby, Raby Law Office
Debra Callicutt, Henry+Horne
This engaging presentation by two experienced international tax practitioners will address the most important international tax matters in the post-Tax Cuts and Jobs Act environment, including issues of tax planning and compliance.


9:40 – 10:40 Recent Developments in IRS Collection Practices 
Kirk McCarville, McCarville Law
McCarville has represented taxpayers in all aspects of tax collection matters and on domestic and offshore voluntary disclosure issues. He has led the defense of federal and state criminal tax offenses at the investigatory, grand jury and trial levels in cases involving tax evasion and has extensive experience in all aspects of civil tax litigation. He will share his vast knowledge and experience in his update on IRS collection practices.

10:40 – 11:00 Networking Break 

11:00 – 12:00 Choice of Entity After Tax Reform
Dick Onsager, Onsager Werner & Oberg PLC
Jeff Fugal, Quarles & Brady LLC
The presenters will discuss how the 2017 Tax Act impacts the choice of entity for business clients. The presentation will address how the new Section 199A deduction, the inversion of corporate and individual tax rates, the new interest limitations, changes to the loss carryback rules, and Section 1202 affects the choice of entity.

12:00 – 1:00 Lunch

1:00 – 2:10 Another Year: More Ethics Lessons Learned

Marianne Jennings, Arizona State University
A pharmaceutical firm and its auditor are sanctioned for changing accounting methods without disclosing the change. An international furniture company used off-the-book entities to hide its debt, and regulators found the debt and the entities. Bank Frey in Switzerland was used as a place for U.S. taxpayers to hide millions from U.S. tax collectors. The Bank says it is not its responsibility to make sure its customers pay taxes. They just call them on Walgreen's prepaid cell phones and leave, carting the cash in $10,000 increments back to the U.S. to their customers. And Caterpillar is still battling the IRS over sales of its parts from locations around the world. The estate of the former owner of the Detroit Pistons is after Deloitte for the risk in the decedent's estate plan. The estate was miffed when it got a $2.7 billion tax bill from the IRS. These are just a few of the big ethical issues in accounting and tax, and all have some simple but powerful lessons on the role of ethics in tax practice.

2:10 – 3:10 Estate Planning After the Tax Cuts and Jobs Act
Tom Murphy, Murphy Law Firm
The last year has brought big changes in tax law. How do those changes affect estate planning, probate and elder law developments? How will you identify opportunities to assist your clients in the future? Murphy will present an overview aimed to assist you in strategizing with your clients to meet their needs moving forward.

3:10 – 3:30 Networking Break 

3:30 – 4:30 Partnership Audit Rules: What You Need to Know Now

Dick Onsager, Onsager Werner & Oberg PLC
Jeff Fugal, Quarles & Brady LLC
For many of your clients, their first introduction to the partnership audit rules will come when you prepare their 2018 tax return and ask them to select a partnership representative for their LLC. The presentation will provide an overview of the rules, with an emphasis on planning issues and guidance your clients will need when selecting the partnership representative.

CONFERENCE AGENDA: Day 2

7:30 – 8:00 On-Site Registration & Continental Breakfast

8:00 – 8:10 Opening Remarks 

8:10 – 9:10 Sales Tax Reform – Nexus is Everywhere

Laura Robichaud, Eide Bailly LLP 
What you think you know about sales tax may have changed with the recent Supreme Court decision in Wayfair. States are now permitted to collect sales tax from out-of-state sellers with no physical presence in their state, including remote sellers, online retailers, phone order retailers and inbound (foreign) companies. Many states are announcing new economic nexus standards which expand their reach to taxing out of state sellers. Staying informed as we navigate state sales tax reform is more important than ever. State and local tax rules are continuously changing – making it difficult for businesses to stay in compliance and up-to-date on changes affecting their tax liabilities and responsibilities. Additionally, the recent Wayfair ruling from the Supreme Court will impact many out-of-state sellers including internet retailers. This session will cover what you need to know regarding various state and local tax rules and discuss how the new SCOTUS ruling will require businesses with customers outside their home states to immediately review their sales tax collection practices.

9:10 – 10:25 The CPA's Role in a Client’s Bankruptcy
Bob McKenzie, Saul Ewing Arnstein & Lehr LLP
Get your bankruptcy questions answered, from understanding why a person enters bankruptcy to how it affects the tax returns you prepare for them and the money they owe the IRS. The presentation will cover a variety of topics, including taxation issues raised by bankruptcy, special rules for taxation of individuals in Chapter 7, 13 & 11, discharge of indebtedness and taxes discharged by bankruptcy.

10:25 – 10:45 Networking Break

10:45 – 12:00 Politics, Policy & Practicality
 
Jessica Pacheco, APS
Discover how the work of the Arizona Mexico Commission benefits trade and the Arizona economy. You will also learn more about how Arizona’s current economy stacks up to the rest of the country. A brief commentary on the upcoming mid-term elections will be shared, including how this political cycle will be impacting policies that affect economic prosperity.

12:00 – 1:00 Lunch

1:00 – 2:15 The State of Our Tax Law and Relevance to Practice

Annette Nellen, San Jose State University
Nellen will discuss the state of federal and state tax policies after the Tax Cuts and Jobs Act. Is reform complete? What’s still needed and why? What is the relevance to tax systems and tax practice of missing guidance, temporary provisions, due diligence changes, and dealing with new and complex transactions? Tips will be offered to help clients understand what’s going on with the tax system and to help you keep up with tax, tech and transactional changes of reform and beyond. 

2:15 – 3:00 

3:00 – 3:15 Networking Break 

3:15 – 4:30 2018 Tax Update: The First Year of TCJA

Edward K. Zollars, Thomas, Zollars & Lynch, Ltd.
The passage of the Tax Cuts and Jobs Act at the end of 2017 ushered in a need for significant additional guidance from the IRS on its various provisions. This session will look at the guidance we have to date from the IRS on the new law, as well as those areas where we are still awaiting guidance. We will also look at other significant cases and rulings that were released in the past year, including the status of the revised centralized partnership audit regime that will first apply to 2018 income tax returns.

Sponsors

Thank You to Our Gold Sponsors:
Catholic Charities Community Services
Institute for Better Education
Mutual of Omaha Bank

Notes

 

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