66th Tax Institute

We welcome the Tax Institute Participants.  

Thursday, November 7 and Friday, November 8, 2019
Millennium Hotel
2040 Walden Avenue, Buffalo, New York

Program Overview

2019 marks the 66th 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.

Continuing Education Credits

CFP: The Tax Institute is authorized by the Certified Financial Planner Board of Standards to offer up to 10 CFP credits for full attendance.  All sessions are in the Tax Planning or Retirement Savings and Income Planning knowledge area.  Please refer to agenda for specifics. Please be sure to add your CFP Number or last four digits of SSN 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.  All sessions are in either the Areas of Professional Practice or Skills category.  Please refer to agenda for specifics. Florida CLE credit is pending 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 Tax Institute 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: Earn up to 12 CE. The Tax Institute 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. Please be sure to add your identification numbers (PTIN number) to the sign in sheets on both days.



Agenda

For CFP credits, all sections with the exception of Retirement Planning, Social Security, and Advanced Medicaid Planning from a Client’s Prospective will earn credit in the Tax Planning knowledge area.  The Retirement Planning session will earn credit in the Retirement Savings and Income Planning knowledge area.

For CLE credits, sessions noted with an (*) will earn credits in the Skills category.  The remainder will earn credit in the TBD category.   

8:30 – 9:30 a.m.
Pass-through Update: A discussion on the new TCJA Sections 199A, 163(j), and 1061

This topic will focus on additional guidance released on qualified business income, limitations on business interest, and carried interests as well as structuring considerations for pass-through entities.

  • Raymond Reichert, Esq., Bond Schoeneck and King, PLLC
  • Michael VanRemmen, CPA, Senior Tax Manager, Freed Maxick CPAs, P.C.

9:30 – 9:45 a.m.  BREAK

9:45 – 10:45 a.m.                                                
Update on Tax Procedure and Enforcement

This session will address IRS civil and criminal enforcement procedures, initiatives and defenses and how they impact both the client and the tax practitioner.

  • Gary Bluestein, Esq., Partner, Andreozzi Bluestein LLP

10:45 – 11:00 a.m. BREAK

11:00 a.m. – 12:00 p.m.
The ABCs of the Business-Related International Tax Provisions under the Tax Cuts and Jobs Act *

Since the Tax Cuts and Jobs Act (P.L. 115-97) became law in December 2017, there have been a significant number of regulations and notices released to help explain and implement the provisions of this law.  Additionally, there are a number of new forms and revisions to existing forms that have created a compliance nightmare.  Join us as we explore these ever changing and expanding provisions related to many of the international “alphabet soup” provisions, including GILTI, FDII, BEAT, Section 163(j) and among others.

  • Andrew Oppenheimer, Esq., Partner, Hodgson Russ LLP
  • Jeff Zawada, CPA, Tax Director, Freed Maxick CPAs, P.C.

12:00 – 1:00 p.m. LUNCH

1:00 – 2:00 p.m.                                                              
Session A: Estate and Gift Tax Update

Recap of current opportunities and tax law changes effecting estates and trusts including qualified opportunity zone investments, NYS decoupling rules, recent Supreme Court Ruling on state taxation of trusts.  Discussion will also include planning for small, mid-size and large estates.

  • Kenneth A. Grossberg, Esq., Senior Associate, Phillips Lytle LLP
  • Robert P. Ingrasci, CPA, Principal, Lumsden & McCormick LLP
  • Cheryl A. Jankowski, CPA, Partner, Lumsden & McCormick LLP

or

Session B: Multistate Tax Update

2019 has been another busy year for state and local tax developments. Over a year has passed since the Wayfair decision and businesses are still coping with the effects of the decision, especially the overwhelming number of new and expanded sales tax filing requirements for remote sellers and marketplace facilitators. The states have also been busy enacting significant income and franchise tax changes in addition to continuing to address issues with Federal conformity in response to Federal Tax Reform. Join us for this update to learn about key multistate tax developments across the U.S.

  • Thomas E. Mazurek, Jr., CPA, Partner, Tronconi Segarra & Associates LLP
  • Elizabeth Pascal, Esq., Partner,  Hodgson Russ LLP

2:00 – 2:15 p.m. BREAK

2:15 – 3:15 p.m.                                                              
Session A: Retirement Planning, Social Security, and Advanced Medicaid Planning from a Client’s Prospective *

Many considerations should be evaluated before simply "signing up for Social Security" because you reached a certain age. This presentation will provide a general overview of retirement planning with a lens focused on the social security planning considerations and will explore some sophisticated Medicaid planning strategies.  It will include what legal documents are necessary and permissible to assist family members in order to implement a Medicaid Conservation Plan.  Topics will include a brief overview on how Medicaid treats countable resources and exempt resources, in reference to treatment of various retirement accounts, including IRAs, ROTH IRAs, KEOGH, SEP Plan, 401(k), 403(b) and alike assets.  

  • Craig Cirbus, Senior Investment Advisor, Dopkins Wealth Management, LLC
  • Anthony Pecoraro, Esq., Anthony Pecoraro Attorney at Law

or

Session B: C-Corporation Update

A review of the latest developments in Federal and state corporate tax for the year 2019, including cases, regulations, laws and practical examples.                     

  • Michael Tedesco, Esq., Partner, Andreozzi Bluestein LLP
  • Nicholas Zoyhofski, CPA, Senior Manager, Freed Maxick CPAs, P.C.

3:15 – 3:30 p.m. BREAK

3:30 – 4:30 p.m.                                                              
Session A: Exempt Organization Update

This presentation will provide an overview of recent tax law and regulatory changes impacting tax exempt organizations, including those changes enacted as part of the Tax Cuts and Jobs Act of 2017, such as the unrelated business income tax parking rules and excise taxes on executive compensation, and will discuss how organizations are responding to these changes.

  • Kelly E. Marks, Esq., Partner, Phillips Lytle LLP

or

Session B: Small Employer Health Plans: Group Health Insurance and Account-Based Options *

This course will summarize the most important tax rules applicable to group health insurance and the various “defined contribution” health plan options (HRAs, HSAs and FSAs), including the new “individual coverage HRAs” permitted under October 2018 IRS regulations.

  • Robert W. Patterson, Esq., Bond, Schoeneck & King PLLC

 

Friday, November 8, 2019

8:30 – 10 a.m.
Federal Tax Update

A review of the latest developments in Federal taxes for the year 2019, including cases, regulations, laws, and administrative materials.

  • Gary D. Borek, Esq., Gary D. Borek, LLC
  • Edward Arcara, CPA, Edward Arcara, CPA

10:00 – 10:15 a.m. BREAK

10:15 – 11:45 a.m.
New York State Tax Update

Enjoy a fast-paced discussion of "hot" New York State tax developments, including the 2019-2020 Budget Bill. In addition to a review of new cases, legislation and administrative rulings, this presentation will also discuss the State's extremely successful residency audit program, new developments in sales and use tax cases, and the impact of the Wayfair decision.

  • Mark S. Klein, Esq., Partner, Chairman, Hodgson Russ LLP
  • Kristine L. Bly, Senior Audit Manager, Hodgson Russ LLP

11:45 a.m. – 12:00 p.m. BREAK

12:00 – 1 p.m.
Internal Revenue Service Update

This presentation will provide a review of new forms, changes to existing forms, bonus depreciation, and organizational leadership changes.  Policy and procedural updates will also be discussed.

  • Steven R. Ingraham, Senior Stakeholder Liaison, IRS Communications and Liaison
  • Gary Kanaley, Esq., Partner, Duke, Holzman, Photiadis & Gresens LLP (moderator)

Planning Committee

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

Co-Presidents:
Kelly Marks, Esq., Phillips Lytle LLP
Bruce Zgoda, CPA, Zgoda & Associates CPA's, P.C.

Members:
Robert J. Bauer, CPA, Dopkins & Company, LLP
Gary Bluestein, Esq., Andreozzi, Bluestein, Weber, Brown LLP
Raymond G. Brady, CPA, Arcara Zucarelli Lenda & Associates PC
Ann Cohen, CPA, UB School of Management
Cheryl Hall, CPA, UB School of Management
Marion Kopin, CPA, Kopin & Company CPA, PC
Kelly Marks, Esq., Phillips Lytle LLP
Tom Mazurek, CPA, Tronconi Segarra & Associates LLP
Stephen McCann, Jr., Esq., McCann Firm LLC
Robert W. Patterson, Esq., Bond, Schoeneck & King, PLLC
Martha Salzman, Esq., UB School of Management
Steven Sanders, CPA, Steven Sanders CPA
Charles Telford, III, Esq., Lippes Mathias Wexler Friedman LLP
Cory Van Deusen, CPA, Lumsden McCormick
Deborah Weber, Esq., Andreozzi, Bluestein, Weber, Brown LLP
Bruce Zgoda, CPA, Zgoda & Associates CPA's, P.C.

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 prior to the event.

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

Cost

Registration fee covers all program materials, continental breakfast both days and lunch on Day 1

Early Bird rate through October 30, 2019
$350 - Registration with hard copy of materials
$320 - paperless registration - course material will be sent via link to your email address

Rate from October 31 - November 7, 2019
$400 - Registration with hard copy of materials
$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

Registration

Registrations can also be made by calling the Erie Institute of Law at 716-852-8687