Executive Education >
Non-Credit-Bearing Programs >
Tax Institute >
Agenda and Materials
Tax Institute Agenda and Materials
Thursday, November 6, 2014
8 - 8:30 a.m. Registration
8:30 Welcome announcements in both sessions
8:30 - 10 a.m. (2 concurrent sessions)
10 - 10:15 - BREAK
10:15 - 11:45 a.m. (2 concurrent sessions)
- New York State Incentives
Federal and New York State Business Development Incentives including updates on Start-Up NY, Excelsior Jobs Program, NYS Manufacturing Incentives included in the most recent NYS Budget and other Federal, State and Local incentives available to businesses in NYS. The discussion on Start-Up NY will be focused on the successes of the program to date, guidance released by NYS since the program was passed and what lies ahead for Start-Up NY, the colleges that are sponsors of the program and businesses that are participants.
Courtland Van Deusen, Lumsden & McCormick, LLP [.PDF]
Additional Handout [.PDF]
Van Deusen - PowerPoint [.PDF]
Join us for lunch in the Millennium Hotel Atrium 11:45 - 12:45 p.m.
12:45 - 2:15 p.m. (2 concurrent sessions)
- Updates on the Final Tangible Property Regulations
In September 2014 after approximately 10 years of proposed, temporary, and final regulations, as well as various Rev. Procs., the IRS issued final guidance on the Tangible Property Regulations with Rev. Proc. 2014-54. This latest Rev. Proc. provides the rules for making accounting method changes for disposing tangible property. This “Late Partial Disposition Election” has been extended to include 2014 tax returns, but then it is gone. Taxpayers that disposed of tangible property in the past through abandonments, renovations and retirements but continue to depreciate these assets can now write them off for tax purposes
The new regulations are long, complex, confusing, and will impact almost all taxpayers. Beginning in 2014 all taxpayers will be required to adopt the new Tangible Property Regulations.
The seminar will provide a detailed overview of the new regulations and revenue procedures and examples of how taxpayers can benefit from the new rules. In addition, a number of tax strategies will be discussed. The seminar will also explain why 2014 is the year to take advantage of the Tangible Property Regulations.
Philip A. Mann, CPA, MS Consultants, LLC [.PDF]
David A. Fabian, CPA, MS Consultants, LLC [.PDF]
Kyle R. Young, MS Consultants, LLC [.PDF]
2:15 - 2:30 p.m. - BREAK
2:30 - 4:00 p.m. (2 concurrent sessions)
- Employer Responsibility and Healthcare
The employer mandate of the Affordable Care Act takes affect for many employers beginning in January 2015. This program will provide a “survivors guide” to the employer mandate, including which employers are subject to the mandate, the transitional rules that apply in 2015, and how employers can structure their health care plans to avoid the mandate’s penalties.
Raymond N. McCabe, Esq., Partner, Hiscock & Barclay, LLP
Samuel DiSalvo CPA, Freed, Maxick & Battaglia, CPAs, P.C. [.PDF]
Friday, November 7, 2014
8 - 8:30 a.m. - Re-registration
8:30 - 10 a.m.
- Federal Tax Update
A review of the latest developments in Federal taxes for the year 2014; including cases, regulations, laws and administrative materials; with a special emphasis on the New IRS Appeals Process, Circular 230 Revision, the Taxpayer Bill of Rights, the new MyRA Retirement Accounts, latest developments in the area of Regulation of Tax Preparers and the outlook for 2014 and also 2015, especially, in the light of Congressional Proposals for Tax Reform.
Peter X. Bellanti, CPA, Senior Tax Manager, Amato, Fox & Company, P.C. [.PDF]
Gary D. Borek, Esq., Gary D. Borek, LLC [.PDF]
10 - 10:15 a.m. - BREAK
10:15 - 11:30 a.m.
- New York State Tax Update
This seminar will cover the latest developments in New York State's budget bill, as well as new decisions, rulings, and administrative releases affecting New York's corporate, personal income, and sales and use taxes. The impact of recent Tax Department enforcement initiatives will also be discussed.
Mark S. Klein, Esq., Hodgson Russ LLP [.PDF]
Klein - PowerPoint [.PDF]
11:30- 11:45 a.m. - BREAK
11:45 a.m. - 1 p.m.
- Choice of Entity; S Corp vs C Corp vs LLC
A comprehensive review of the differences between the various types of business entities along with case studies analyzing factors to be considered in selecting the appropriate entity form.
Steven Sanders, CPA, Steven Sanders CPA .[PDF]