Tuesday, 21 June 2022

Description
If you wish to bring a guest, add this item to your cart during registration.
Category
Additional Fees
Time
6/21/2022 - 6/23/2022

Speaker: Jane Ryder, EA, CPA
This session on current S Corp tax issues will take you through compliance, QBI, shareholder reimbursement plans, reasonable compensation, shareholder basis, entity dissolution, balance sheets, shareholder health insurance and more. We will cover new Schedules K-2, K-3 and Form 7203, tax planning for S Corps, conversion from C Corp to S, asset transfers, changes in shareholder percent, shareholder loan compliance and the latest IRS targets for S Corps.

Learning Objectives:
  • Develop comprehensive plans and processes to manage clients' S Corp compliance matters including Schedules K-2, K-3 and Form 7203, and reasonable compensation.
  • Recognize expense and deduction issues unique to S Corps and how to maximize tax savings.
  • Identify, advise, and correctly report changes to S Corp shareholder ownership, changes from another business entity converting to an S Corp, and selling or closing an S Corp.
  • Demonstrate how the business side of S Corps pass through and impact the taxes, loss limitations, and basis considerations of shareholders.
Advanced Preparation: None
Learning Level: Intermediate
CE Credit Hours
IRS: 2 hours (Federal Tax Law Topics)
CTEC: 2 hours (Federal Tax Law Topics)
CFP: 2 hours (Tax Planning)
CPA/NASBA: 2 hours (Taxes)
Attorney/CA Bar MCLE: 1.75 hours (Taxation Law)
Category
Federal Tax Law Topics
Track
Business
Time
8:00 AM - 9:40 AM
8:00 AM

Speaker: Alice Orzechowski, CPA, CMA, EA
"Can I deduct this?" The most common question asked by clients. This session is a quick and lively review, Q&A style, of exactly what is deductible and what is not on Form 1041. The questions are designed to replicate real life situations encountered in the typical tax office, both common and not so common situations. Citations are provided so you can authoritatively respond to your client's questions.

Learning Objectives:
  • Gain confidence in answering clients' questions about Form 1041 deductions.
  • Identify the allowable methods of filing income tax returns for revocable living trusts and how to change the filing method.
  • Understand when an Estate or Trust needs an employer identification number and when it needs a NEW employer identification number.
  • See how to make a Section 645 election – with or without a probate estate.
Advanced Preparation: None
Learning Level: Intermediate
CE Credit Hours
IRS: 2 hours (Federal Tax Law Topics)
CTEC: 2 hours (Federal Tax Law Topics)
CFP: 2 hours (Tax Planning)
CPA/NASBA: 2 hours (Taxes)
Attorney/CA Bar MCLE: 1.75 hours (Taxation Law)
Category
Federal Tax Law Topics
Track
Individual
Time
8:00 AM - 9:40 AM
8:00 AM

Speaker: Darryl Brown, Ph.D.
This course focuses on the hallmark of Subchapter S: single layer of taxation. Identifying and understanding the components of the calculation of S Corporation shareholder stock and debt basis is integral. Interactive examples will be used to enhance learning. Additionally, this course will identify what gives rise to bona fide debt, and move through a comprehensive example to demonstrate ways in which advisors may reconstruct a shareholder's stock or debt basis through accepted methods.

Learning Objectives:
  • Perform all calculations necessary to complete the new Form 7203 including stock and debt basis restoration, and gain on repayment of debt as well as planning opportunities to avoid gain recognition.
  • Conduct a basis reconstruction calculation using prior year returns, the Cohan Rule, and Tax Court guidance.
  • Identify planning opportunities related to shareholder losses, distributions, debt repayments, and contributions with a view toward maximizing the shareholder's after-tax cash flow.
  • Understand the principles and indicia necessary to establish bona fide debt basis for shareholders.
Advanced Preparation: Read the 9 factors to determine whether an activity is carried on for profit, or not for profit, related to Section 183.
Learning Level: Intermediate
CE Credit Hours
IRS: 2 hours (Federal Tax Law Topics)
CTEC: 2 hours (Federal Tax Law Topics)
CFP: 2 hours (Tax Planning)
CPA/NASBA: 2 hours (Taxes)
Attorney/CA Bar MCLE: 1.75 hours (Taxation Law)
Category
Federal Tax Law Topics
Track
Individual
Business
S Corps
Time
10:00 AM - 11:40 AM
10:00 AM

Speaker: Laura A. Strombom, EA, MBA
Many tax law changes and credits have created opportunities for creative use of MFS filing status. In community property states, this is not a task for the faint of heart! This course will explore the twists and turns in the complex world of MFS in a community property state, with emphasis placed on the rules for California.

Learning Objectives:
  • Understand the basics of community property rules.
  • Determine how to allocate between spouses when filing MFS in a community property state.
  • Understand the pros and cons of filing MFS.
  • Discover how to avoid community property rules in a community property state.
Advanced Preparation: None
Learning Level: Basic
CE Credit Hours
IRS: 2 hours (Federal Tax Law Topics)
CTEC: 2 hours (Federal Tax Law Topics)
CFP: 2 hours (Tax Planning)
CPA/NASBA: 2 hours (Taxes)
Attorney/CA Bar MCLE: 1.75 hours (Taxation Law)
Category
Federal Tax Law Topics
Track
Individual
Time
10:00 AM - 11:40 AM
10:00 AM

Speaker: Karen Brosi, EA, CFP®
Combining the real-life experience of a practicing EA with essential down-to-earth tax materials in a high-tech format, this powerful presentation will enable participants to grasp recent tax changes. Session includes cutting-edge tax planning strategies in a high energy, often humorous presentation style using real-life experiences which make complicated tax topics easily understandable.

Learning Objectives:
  • Compare and contrast 2021 and 2022 tax law for individuals, highlighting significant changes resulting from new legislation.
  • Formulate individual tax planning ideas for 2022.
  • Analyze the tax impact on our individual clients from 2022 IRS rulings and Tax Court decisions.
Advanced Preparation: None
Learning Level: Basic
CE Credit Hours
IRS: 4 hours (Federal Tax Law Update)
CTEC: 4 hours (Federal Tax Law Update)
CFP: 4 hours (Tax Planning)
CPA/NASBA: 4 hours (Taxes)
Attorney/CA Bar MCLE: 3.25 hours (Taxation Law)
Category
Federal Tax Law Update
Track
Federal
Time
1:10 PM - 4:50 PM
1:10 PM

Speaker: Frank R. Acuña, Esq.
The SECURE Act has radically changed how attorneys and tax professionals plan for retirement account inheritances. It has caused a shift in thinking about Special Needs Trusts and caused a resurgence in Charitable Remainder Trust planning to protect the inherited accounts and to reinstate "stretch" planning for retirement accounts. This lively class offers discussion and debate over cutting-edge retirement account planning.

Learning Objectives:
  • Review historic treatment of retirement accounts and inheritance rules.
  • Highlight important changes in retirement account planning as a result of the SECURE Act.
  • Survey the different beneficiary designations and their effect on inherited retirement account distributions.
  • Understand how retirement account trusts, special needs trusts, and charitable needs trusts can save your clients substantial amounts of income tax.
  • Examine how retirement account trusts are reported, taxed, and migrated to the beneficiaries' personal 1040s.
Advanced Preparation: None
Learning Level: Basic
CE Credit Hours
IRS: 2 hours (Federal Tax Law Topics)
CTEC: 2 hours (Federal Tax Law Topics)
CFP: 2 hours (Tax Planning)
CPA/NASBA: 2 hours (Taxes)
Attorney/CA Bar MCLE: 1.75 hours (Taxation Law)
Category
Federal Tax Law Topics
Track
Individual
Time
1:10 PM - 2:50 PM
1:10 PM

Speaker: Alan L. Pinck, EA
Something so easy as a passive activity can be more complicated than we expect. With the real estate market going crazy and people doing what they can to pay their mortgage, we find our clients doing interesting things. From house hacking to AirBnB rentals, each has unique reporting requirements. Even in a traditional rental are we getting the most depreciation we can? Have you heard of a DST or do you know how to handle a TIC? Over the course of this session we will discus the rules for renting a portion of our home, dealing with some of our clients' involvement in unique ownership scenarios, what to do if we find prior years' depreciation is incorrect, as well as making sure we maximize the depreciation.

Learning Objectives:
  • Gain a thorough understanding of residential rental real estate reporting.
  • Learn what you need to make sure you are maximizing the depreciation available.
  • Learn what to do if the depreciation is incorrect and how you can correct it.
  • Find out about different types of real estate investments including DSTs and TICs.
Advanced Preparation: None
Learning Level: Intermediate
CE Credit Hours
IRS: 2 hours (Federal Tax Law Topics)
CTEC: 2 hours (Federal Tax Law Topics)
CFP: 2 hours (Tax Planning)
CPA/NASBA: 2 hours (Taxes)
Attorney/CA Bar MCLE: 1.75 hours (Taxation Law)
Category
Federal Tax Law Topics
Track
Individual
Time
3:10 PM - 4:50 PM
3:10 PM

Wednesday, 22 June 2022

Description

Speaker: Karen Brosi, EA, CFP®
California tax professionals must really understand two sets of income tax laws: federal and state. With federal tax law on the move, it is crucial to stay abreast of differences to provide sound strategies and advice. This session provides a mid-year update of California's income tax rules and rulings, as well as news regarding payroll, property and sales taxes. Find out early what the FTB, EDD and CDTFA have in store for California taxpayers in 2022.

Learning Objectives:
  • Understand the big passthrough entity changes enacted during tax season.
  • Explore areas of conformity and nonconformity with Federal law.
  • Get current on residency and nonresidency topics.
  • See how businesses are affected by California tax rules.
  • Learn what FTB is auditing.
  • Find out about developments with BOE, CDTFA and EDD.
Advanced Preparation: None
Learning Level: Basic
CE Credit Hours
IRS: 0 hours (California)
CTEC: 4 hours (California)
CFP: 4 hours (Tax Planning)
CPA/NASBA: 4 hours (Taxes)
Attorney/CA Bar MCLE: 3.25 hours (Taxation Law)
Category
California
Track
California
Time
8:00 AM - 11:40 AM
8:00 AM

Speaker: Alice Orzechowski, CPA, CMA, EA
There are numerous tax issues involved in the sale of business or rental real estate, making this a potentially complex event. The sale is usually reported on Form 4797 and subject to various recaptures. Tax practitioners need to be able to identify ordinary gain, determine if recapture or unrecapture is applicable, and how and why to make a partial disposition election . In this session we will examine different scenarios to determine how to properly report them on the return considering these issues.

Learning Objectives:
  • Identify when the gain is ordinary income under Section 1245 or 1250.
  • Compute both Section 1250 recapture and unrecapture.
  • Understand how and why to make a partial disposition election.
Advanced Preparation: None
Learning Level: Intermediate
CE Credit Hours
IRS: 2 hours (Federal Tax Law Topics)
CTEC: 2 hours (Federal Tax Law Topics)
CFP: 2 hours (Tax Planning)
CPA/NASBA: 2 hours (Taxes)
Attorney/CA Bar MCLE: 1.75 hours (Taxation Law)
Category
Federal Tax Law Topics
Track
Individual
S Corps
Time
8:00 AM - 9:40 AM
8:00 AM

Speaker: Jane Ryder, EA, CPA
Learn the stock option alphabet with this session. Learn the difference between ISO and NSO stock options, LLC equity benefits, RSUs-Restricted Stock Units, RSAs-Restricted Stock Awards, and ESPP-Employee Stock Purchase Plans. This session is essential to gain confidence in determining if stock options are ISO's or NSO's and which tax treatment applies. Be prepared to execute and advise clients on 83b Elections for restricted stock and restricted LLC equity benefits plus the new 83i Election and examine.tax planning for clients for timing exercise, sale, and AMT issues for benefits.

Learning Objectives:
  • Confidently identify whether your client exercised or sold an ISO or NSO.
  • Learn the most favorable eligible tax treatment for each specific trade 
  • Handle AMT issues for stock benefits with confidence, including AMT prior year credit.
  • Learn best practices for a correct tax return this year if stocks were handled wrong in a prior year.
  • Gain skills for tax planning for stock benefits.
Advanced Preparation: None
Learning Level: Basic
CE Credit Hours
IRS: 2 hours (Federal Tax Law Topics)
CTEC: 2 hours (Federal Tax Law Topics)
CFP: 2 hours (Tax Planning)
CPA/NASBA: 2 hours (Taxes)
Attorney/CA Bar MCLE: 1.75 hours (Taxation Law)
Category
Federal Tax Law Topics
Track
Individual
Representation
Time
10:00 AM - 11:40 AM
10:00 AM

Speaker: Alan L. Pinck, EA Sometimes our morals tell us we cannot do something but our professional ethics tell us we can; that is an important personal decision which we make every day. We are governed under Circular 230 for our professional ethics and over the course of this session we will go over real life examples of what we all deal with in our practices. As a group we will discuss various scenarios that come up in many tax practices and our ethical responsibilities. We will discover that some of the rules change if you are representing a client or preparing a return. If you are looking to sleep through your ethics this year, it won't happen in this session - you will be having too much fun. Learning Objectives: Learn the difference between ethics and morals Learn how Circular 230 looks at our responsibility differently when representing a client vs preparing a return Gain a better understanding of our responsibility to the system Attend an Ethics class that isn’t boring. Advanced Preparation: None Learning Level: Basic CE Credit Hours IRS: 2 hours (Ethics) CTEC: 2 hours (Ethics) CFP: 0 hours (N/A. This is NOT a CFP Board approved Ethics program) CPA/NASBA: 2 hours (Behavioral Ethics) Attorney/CA Bar MCLE: 1.75 hours (Legal Ethics)
Category
Ethics
Track
Ethics
Time
1:10 PM - 2:50 PM
1:10 PM

Speaker: Mark F. Seid, EA, CPA, USTCP A lively romp through Code, Regulations and the IRM will help you learn how to do effective penalty abatement profitably! Learn how to use the IRC, Regulations and IRM to fight the IRS with a proven method for getting penalties to disappear. This course provides citations, forms, and sample letters sure to get penalty relief. Learn the best fee structures, (even allowable contingent fee engagements) to make penalty abatement more than just fun - make it profitable. Learning Objectives: Understand how and why the IRS assesses penalties Learn the exceptions to penalty assessment Create an effective penalty abatement request Discover when a contingent fee engagement is allowable under Circular 230 Advanced Preparation: None Learning Level: Intermediate CE Credit Hours IRS: 2 hours (Federal Tax Law Topics) CTEC: 2 hours (Federal Tax Law Topics) CFP: 2 hours (Tax Planning) CPA/NASBA: 2 hours (Taxes) Attorney/CA Bar MCLE: 1.75 hours (Taxation Law)
Category
Federal Tax Law Topics
Track
Representation
Time
1:10 PM - 2:50 PM
1:10 PM

Speaker: Thomas A. Gorczynski, EA, USTCP
If you have a client with a sole proprietorship and are looking for ways to reduce federal tax liability without incorporating, this is the session for you! We will review various tax reduction strategies, how to implement them, and how they affect the sole proprietor and are reflected on their tax return. We will also discuss the benefits of hiring family members, and the Section 199A deduction.

Learning Objectives:
  • Explain the tax benefits available when hiring a spouse or child in a sole proprietorship business.
  • Understand how the Section 199A deduction is calculated and maximized for sole proprietors.
  • Describe the tax-advantaged savings opportunities for sole proprietors.
Advanced Preparation: None
Learning Level: Intermediate
CE Credit Hours
IRS: 2 hours (Federal Tax Law Topics)
CTEC: 2 hours (Federal Tax Law Topics)
CFP: 2 hours (Tax Planning)
CPA/NASBA: 2 hours (Taxes)
Attorney/CA Bar MCLE: 1.75 hours (Taxation Law)
Category
Federal Tax Law Topics
Track
Business
Time
3:10 PM - 4:50 PM
3:10 PM

Speaker: Claudia Hill, EA, MBA Look behind the curtain to learn the truth about grantor trusts! Increasing use of these trusts for estate planning means tax practitioners must be familiar with grantor trusts and the tax compliance rules related to them. Understand the use of a simple revocable trust to avoid probate, to the more complex estate tax avoidance techniques facilitated with grantor retained annuity trusts (GRATs), qualified personal residence trusts (QPRTs) or intentionally defective grantor trusts (IDGTs). Learn the differences, see how they are used, and gain understanding of the tax reporting that accompanies them. Learning Objectives: Learn how to identify Grantor Trusts. Understand the tax saving benefits some grantor trusts can provide. Learn when 1040 reporting vs. 1041 reporting is used for such trusts. Advanced Preparation: None Learning Level: Intermediate CE Credit Hours IRS: 2 hours (Federal Tax Law Topics) CTEC: 2 hours (Federal Tax Law Topics) CFP: 2 hours (Tax Planning) CPA/NASBA: 2 hours (Taxes) Attorney/CA Bar MCLE: 1.75 hours (Taxation Law)
Category
Federal Tax Law Topics
Track
Individual
Time
3:10 PM - 4:50 PM
3:10 PM

Thursday, 23 June 2022

Description

Speaker: Thomas A. Gorczynski, EA, USTCP
Pass-through entities have a unique opportunity for tax years 2021 through 2025 to elect into an entity level income tax in California. This course will explain how the new pass-through entity tax operates, the federal and California consequences, and factors to consider when making the decision to participate in the new tax regime.

Learning Objectives:
  • Understand IRS Notice 2020-75 and other federal tax law how they apply to the California pass-through entity elective tax.
  • Describe the basic mechanics of the California pass-through entity elective tax.
  • Explain the factors that should be considered when deciding whether to participate or not.
Advanced Preparation: None
Learning Level: Basic
CE Credit Hours
IRS: 0 hours (California)
CTEC: 2 hours (California)
CFP: 2 hours (Tax Planning)
CPA/NASBA: 2 hours (Taxes)
Attorney/CA Bar MCLE: 1.75 hours (Taxation Law)
Category
California
Track
California
Time
8:00 AM - 9:40 AM
8:00 AM

Speaker: Joyce E. Cheng, EA
"Pay pennies on the dollar!" "Wipe out your tax liability!" "Hurry, while this offer is still available!" Ever wonder what happened to truth in advertising? The offer program is a long-standing administrative remedy for collections cases, as long as the taxpayer qualifies! Almost anyone can submit an offer but will they stand a chance of being successful? Financial review is not the only requirement. Distinguish between doubt as to collectibility, doubt as to liability, and effective tax administration. Then take a deeper look at the potential problems in the case before it submitting to the IRS.

Learning Objectives:
  • Understand the process and the forms
  • Distinguish between the bases for submitting an offer in compromise
  • Determine if extenuating circumstances exist and are compelling
  • Identify compliance issues and gain taxpayer commitment to the process
Advanced Preparation: None
Learning Level: Basic
CE Credit Hours
IRS: 2 hours (Federal Tax Law Topics)
CTEC: 2 hours (Federal Tax Law Topics)
CFP: 2 hours (Tax Planning)
CPA/NASBA: 2 hours (Taxes)
Attorney/CA Bar MCLE: 1.75 hours (Taxation Law)
Category
Federal Tax Law Topics
Track
Representation
Time
8:00 AM - 9:40 AM
8:00 AM

Speaker: Claudia Hill, EA, MBA
Preparing returns for Trusts, Estates, Partnerships and Corporations require consideration of ethical issues, too. The relationships between Trustees and Beneficiaries, General vs. Limited Partners, Managing Members and LLC owners can easily place the tax professional and the client and the co-owners or beneficiaries of the entity in conflicts of interest. A case study discussion approach will be used to illustrate these potential landmines.

Learning Objectives:
  • Identify the differences in ethics for entity and individual returns
  • Identify who's the client when you deal with entity returns
  • Understand the ethical differences between return preparation and representation
Advanced Preparation: None
Learning Level: Intermediate
CE Credit Hours
IRS: 2 hours (Ethics)
CTEC: 2 hours (Ethics)
CFP: 0 hours (N/A. This is NOT a CFP Board approved Ethics program)
CPA/NASBA: 2 hours (Behavioral Ethics)
Attorney/CA Bar MCLE: 1.75 hours (Legal Ethics)
Category
Ethics
Track
Ethics
Time
10:00 AM - 11:40 AM
10:00 AM

Speaker: Mark F. Seid, EA, CPA, USTCP
When your client (or prospective client) owes the IRS they come to you for your expertise in dealing with the government. They need help and you can be the expert in solving their problem, but only when you understand how to navigate the IRS Collection maze. This course will provide you with a method of determining which path your client should go down to resolve their tax liability. Through a systematic process of analyzing their facts and circumstances you will be able to advise and assist them in obtaining the best resolution possible. Attendees receive a must-have Client Intake sheet to guide and share the analysis with their client.

Learning Objectives:
  • Learn the various options to resolve an outstanding tax liability
  • Learn how to analyze a client's situation to determine the best option for resolving a liability
  • Understand the limiting factors of each type of resolution technique
Advanced Preparation: None
Learning Level: Intermediate
CE Credit Hours
IRS: 2 hours (Federal Tax Law Topics)
CTEC: 2 hours (Federal Tax Law Topics)
CFP: 2 hours (Tax Planning)
CPA/NASBA: 2 hours (Taxes)
Attorney/CA Bar MCLE: 1.75 hours (Taxation Law)
Category
Federal Tax Law Topics
Track
Representation
Time
10:00 AM - 11:40 AM
10:00 AM

Speaker: Derek Ganter Advanced Preparation: None Learning Level: Basic CE Credit Hours IRS: 1 hour (Federal Tax Law Topics) CTEC: 1 hour (Federal Tax Law Topics) CFP: 1 hour (Tax Planning) CPA/NASBA: 1 hour (Taxes) Attorney/CA Bar MCLE: 0.75 hour (Taxation Law)
Category
Federal Tax Law Topics
Track
Federal
Time
12:00 PM - 12:50 PM
12:00 PM