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.

• 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.

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.

• 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.

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.

• 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.

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.

• 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.

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.

• 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.

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)

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.

• 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.

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• Understand IRS Notice 2020-75 and other federal tax law how they apply to the California pass-through entity elective tax.
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• Describe the basic mechanics of the California pass-through entity elective tax.
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• Explain the factors that should be considered when deciding whether to participate or not.

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.

• 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