1. Federal Tax Update
Tax law constantly evolves and change is a fact of life, especially with the anticipated tax reform for 2017. Don’t miss this opportunity to “catch-up” with what’s happening in world of tax. In this session, we’ll look at new developments for 2017 as well as over the past year. We will review legislation, regulations, rulings and other developments that have taken place since last year’s conference, specifically the areas of tax for individuals, partnerships, S corporations, and business taxes.
2. S Corporations - How Things Go Wrong with this “Simple” Tax Entity
While S corporations are very popular tax entities, they are also extremely fragile entities that have their own pitfalls and traps that taxpayers and their advisers run afoul of. In this session, we’ll look at errors that are often committed in tax matters related to S corporations, including losing S status due to creation of a second class of stock, loss of status when an impermissible shareholder obtains stock, the “reasonable compensation” payroll tax issue and the built-in gain tax problem.
3. Passive Activity Issues
The IRS has scored a number of victories over taxpayers in the past few years by challenging whether the taxpayer truly met the requirements to be treated as materially participating in an activity. In this session, we’ll review the requirements for a taxpayer to demonstrate material participation in an activity, the special issues of real estate professional, the continuing problem of poor taxpayer documentation to support the position and the adviser’s responsibilities to insure the client does not have issues in this area.
4. Identity Theft and Tax Practice
Tax related identity theft is a growth industry--and one that continues to claim larger numbers of our clients. This session will discuss the changing nature of the identity theft problem, what CPAs can do to assist clients impacted by tax related identity theft and likely future developments in this area, including an emerging focus by perpetrators of fraud of looking to take over the systems of authorized electronic filers (such as CPA 1 firms) in order to evade IRS and state revenue department filters to catch such returns.
$314 SCACPA Members, $414 Non-Members
Bundle and Save Discount: