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63rd Tax Institute

Monday, November 14, 2016, 8 a.m.-4:30 p.m.
Tuesday, November 15, 2016, 8 a.m.-1 p.m.
$350 - Early bird rate (prior to 10/14/16) with hard copy of materials
$320 - Early bird rate (prior to 10/14/16) for paperless materials
More rate options

Program Overview

2016 marks the 63rd anniversary of the Tax Institute, offered by the University at Buffalo School of Management, the New York Society of Certified Public Accountants and the Erie Institute of Law.

This 1.5-day seminar provides a means of reviewing and clarifying provisions and patterns of federal tax laws. The Tax Institute continues to provide practitioners with cutting-edge information regarding the substance and administration of tax laws.

Agenda and Materials

Monday, November 14, 2016

8-8:30 a.m. - Registration
8:30 a.m. - Welcome announcements in both sessions

8:30-10 a.m. (2 Concurrent Sessions)

Session A
Tax-Efficient Retirement and Social Security Planning Strategies
A review of the key drivers of individual income tax liability during retirement years and the planning strategies that can be deployed, both before and during retirement, to help clients manage their tax liability and reduce the “tax drag” on spending cash flow and retirement savings.                 

  • Timothy Domino, CPA, Director of Tax, Sanderson Wealth Management
  • Charles Telford, Esq., Barclay Damon LLP

Session B
The Shifting State and Local Tax Landscape for Multistate Businesses
A review of current state and local tax developments impacting multistate businesses, including: nexus and filing requirements for income/franchise, sales and use and payroll taxes; tax compliance obligations for internet retailers; and recent legislative and judicial efforts by states to broaden their reach and effectively redefine the state and local tax landscape.

  • Thomas Mazurek, CPA, Tronconi, Segarra & Associates LLP
  • Elizabeth Pascal, Esq., Hodgson Russ LLP
10-10:15 a.m. - Break
10:15-11:45 a.m. (2 Concurrent Sessions)

Session A
Buying and Selling a Business
An interactive session designed to cover the various stages of a business sale, starting with a determination of the type of transaction (stock or asset) and followed by letter of intent matters, due diligence, transaction agreements and closing and post-closing considerations, from both a Buyer and Seller’s perspective

  • Patrick Tronconi, CPA, Tronconi Segarra and Associates LLP
  • Mark Ferm, CPA, Tronconi Segarra and Associates LLP
  • Jamie Batt, Partner, Rupp Baase, Pfalzgraf Cunningham LLC

Session B
Mistakes Happen. Common Retirement Plan Errors and How to Fix Them
Qualified retirement plans provide valuable tax benefits to employers to employees. The rules that govern qualified plans are complicated. Errors in plan administration are nearly unavoidable. Common plan errors include failing to include eligible participants, including participants who are not eligible, plan loan failures, violation of nondiscrimination rules, incorrect calculation of benefits or contributions, improper forfeitures and failing to update plan documents. This session will describe common plan errors and the methods for correcting errors under the IRS Employee Plans Compliance Resolution System.

  • Raymond McCabe, Esq., Barclay Damon, LLP
  • Phyllis P. Rimkus, MBA, President, Rimkus Marciano & Associates, Inc.
Complimentary lunch 11:45 a.m. - 12:45 p.m.
12:45 - 2:15 p.m. (2 concurrent sessions

Session A
Historic Tax Credits and Federal R&D Credits
This session will introduce program requirements, mechanics, structuring HTC transaction and economics. It also will highlight certain tax aspects of the program, including a recent "safe harbor" promulgated by the IRS and newly proposed regulations relating to IRC 50(d). R&D Tax Credits: The Protecting Americans from Tax Hikes Act of 2015 (“PATH Act”) permanently extended the Research & Development Tax Credit and also introduced new opportunities for Small Businesses to see tangible benefits from the credit. The R&D Tax Credit should be considered in tax planning strategies for any Company that designs, develops or improves the functionality, quality or performance of a product, process, technique, invention, formula or software. This session will provide an overview of qualified activity, requirements for claiming the credit, and review new benefits for small businesses and start-up business.

  • Jason Yots, Esq., Borrelli & Yots PLLC
  • Nicholas Squicciarini, BDO USA, LLP
  • Joseph Lally, BDO, USA, LLP

Session B
Estates and Trusts

This discussion will include: Proposed 2704 regulations, Update on Form 8971 _ Information Regarding Beneficiaries Acquiring Property From a Decedent, Accounting Income – What does this mean?  How does this impact the filing of Fiduciary income tax returns? Trust Decanting – What is it and why is it worth considering?, considerations in selecting a trustee.

  • Cheryl Jankowski, CPA, Chiampou, Travis, Besaw & Kershner, LLP
  • Pat Emmerling, Esq., Bond, Schoeneck & King

2:15 - 2:30 p.m. - Break

2:30 - 4:00 p.m.  (2 concurrent sessions)
Session A
Cross-Border Tax Update
Tax updates on recent tax developments relating to both foreign investment into the US and US Investment abroad.  We will summarize current legislative and regulatory developments relating to cross-border tax issues. We will also present on a couple interesting or key international tax issues applicable to our audience.
  • Jeff Zawada, Tax Director, FreedMaxick CPAs, P.C.
  • Marla Waiss, Esq., Hodgson Russ LLP

Session B 

This presentation will focus on the many ethical dilemmas that practitioners face when representing taxpayers, from the basic vanilla issues to those that are complex or that a practitioner doesn’t see coming.  The discussion will use case anecdotes to illustrate how to best address certain issues such as: when and how to fire a client, how to handle a client who is lying to you, and how to answer your client’s question of “Is the IRS really going to know?” 

  • Heather L. Schmidt, Esq., Andreozzi, Bluestein, Weber, Brown, LLP
  • Bruce Zgoda, CPA, Zgoda & Associates CPAs, PC
Tuesday, November 15, 2016
8:30 – 9:45 a.m. – One Session

Federal Tax Update
A review of the latest developments in Federal taxes for the year 2016; including cases, regulations, laws and administrative materials; with a special emphasis on the Protecting Americans from Tax Hikes Act of 2015, the effect of “extenders” legislation in 2016, New tax return due date rules effective in the 2017 tax season, New Rules on IRA Rollover Relief, Proposed limitations of valuation discounts on gifts and bequests of family controlled entities, Summary of Congressional Tax measures passed in 2016 and the outlook for 2017, especially in the light of Congressional Proposals for Tax Reform.                                   

  • Peter X. Bellanti, CPA, Senior Tax Manager, Amato, Fox & Company, P.C.
  • Gary D. Borek, Esq., Gary D. Borek, LLC

9:45 - 10 a.m. - Break

10 - 11:15 a.m. – One Session

This session will address recent IRS initiatives, as well as procedural updates, that impact on tax practice.  The discussion will also include some highlights of recent court decisions and IRS policies that affect both clients and practitioners.  There will be special emphasis on hazards that practitioners may not see coming.

  • Gary Bluestein, Esq., Andreozzi, Bluestein, Weber, Brown, LLP

11:15- 11:30 a.m. - Break

11:30 a.m. - 1 p.m. – One Session

New York State Tax Update
This session will provide an overview of New York’s 2016-2017 tax legislation as well as a discussion of new compliance initiatives, the implementation of corporate tax reform and the ever-popular nonresident audit program. Sales tax issues and planning opportunities will also be discussed.                                                                              

  • Mark S. Klein, Esq., Hodgson Russ LLP

Continuing Education Credits

CFP: The Tax Institute is authorized by the Certified Financial Planner Board of Standards to offer up to 12 CFP credits for full attendance. Please be sure to add your identification numbers to the sign in sheets on both days.

CLE: This traditional continuing legal education course has been approved in accordance with the requirements of New York's Continuing Legal Education Board for a maximum of 12 CLE credit hours, of which 1.5 can be applied toward Ethics requirements, and 10.5 can be applied toward Areas of Professional Practice requirements. Florida CLE credit is available for this program through the Florida Bar Association.

CLU: This institute satisfies requirements for PACE credit. Participants can earn one (1) credit hour for each 50 minutes of the program attended.

CPE: The Institute on Taxation is authorized by the State Board of Accountancy to be a sponsor of continuing education programs for New York State certified public accountants and/or public accountants under Section 7409 of the Education Law and Section 70.6 of the Commissioner's Regulations under Sponsor ID #001414. Full attendance at the institute will earn 12 CPE credits for participants.

Enrolled Agents: Will earn 2 CE in Federal Tax Update as topics are currently being finalized, additional CE is being determined. This amount may change based upon the topics offered. Once The Institute on Taxation has been accepted as meeting requirements of the Treasury Department Circular #230 as a sponsor of qualifying programs for those individuals enrolled to practice before the Internal Revenue Service.

Planning Committee

The Tax Institute planning committee is responsible for planning, coordinating, implementing and producing the highly successful event. 

President: Steven Sanders, CPA, Steven Sanders CPA

Greg Altman, CPA, Health Sciences Charter School
Gary Bluestein, Esq., Andreozzi, Bluestein, Weber, Brown LLP
Ann Cohen, CPA, UB School of Management
Cherl Hall, CPA, UB School of Management
Marion Kopin, CPA, Kopin & Company CPA, PC
Tom Mazurek, CPA, Tronconi Segarra & Associates LLP
Ray McCabe, Esq., Barclay Damon LLP
Stephen McCann, Jr., Esq., McCann Firm LLC
Cheryl Prout, CPA, The Bonadio Group
Martha Salzman, Esq., UB School of Management
Charles Telford, III, Esq., Barclay Damon LLP
Cory Van Deusen, CPA, Lumsden McCormick
Deborah Weber, Esq., Andreozzi, Bluestein, Weber, Brown LLP
Bruce Zgoda, CPA, Bruce Zgoda CPAs

Material Options

Option 1. Pay the full registration fee, and receive a copy of the printed materials during the registration/check-in process.

Option 2. Go paperless and receive a $30 discount off your registration fee. You can access and print your own materials and bring them with you to the seminar. Visit our materials page to view or print program materials beginning November 9, 2016.

Please note: Limited extra materials will be available at the seminar for a $50 purchase.


Early bird rate through October 14, 2016:
$350 - Registration with hard copy of material.
$320 - Paperless registration. Course material will be sent via link to your email address.

Rate from October 15 - November 14, 2016:
$400 - Registration with hard copy of material.
$370 - Paperless registration. Course material will be sent via link to your email address.

Day one only rate: $275
Day two only rate: $180
No other discounts available if purchasing one day access


Registrations can be made by calling the Erie Institute of Law at 716-852-8687
or visiting their website.