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62nd Tax Institute

Please join us for the 63rd Tax Institute 2016

Dates to be determined

Program Overview

2015 marks the 62nd 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.

Topics and Materials

Real Life Business Tax, Succession and Planning Topics

This session will examine both tax and legal issues that small to mid-sized businesses encounter with day-to-day activities, as well as succession planning topics when one generation is ready to exit the business. Such transactional areas as succession planning will often bring about discussions on shareholder basis in S Corporations, including:

  • Ordering rules for basis limitation
  • Shareholder distributions
  • Redemptions qualifying for sale or exchange

Additionally, real life consideration for succession planning for small to mid-sized businesses will be discussed, including both tax and legal considerations. Focus will be on drawbacks and benefits of commonly utilized strategies. Issues for Closely Held Businesses.


  • Marion Kopin, CPA, Kopin and Company CPA, PC
  • Stephen McCann, Esq., The McCann Firm
  • Cheryl M. Prout, CPA, Bonadio Group


International Tax Compliance and Foreign Bank Account Reporting Update: Peeking Behind the Shroud

The IRS’ evolving programs and guidance on international tax compliance and foreign financial accounts contribute to a dreadful tapestry of misperceptions, truisms and “urban legends” that invokes fear and apprehension in even the bravest of practitioners.  This session will alleviate the anxiety by revealing what’s behind the shroud.  We will explore the latest trends and developments in the IRS Offshore Voluntary Disclosure Programs and provide practice tips and insights in selecting a disclosure strategy and in working with IRS representatives to achieve favorable and efficient results.  We will examine recent court cases and IRS guidance on international tax compliance and discuss how such guidance might influence advice practitioners give to their United States clients with international tax issues.  Howard and Randy will also answer practical questions  regarding FATCA and FBAR reporting.                                                                                                                              


  • Randall P. Andreozzi, Esq., AndreozziBluestein, LLP
  • Howard B. Epstein, CPA, FreedMaxick


The Role of Tax Credits and Incentives in Economic Development: Historic and New

Federal and State Historic Tax Credits (HTC) are an important part of urban (and suburban and rural) redevelopment. This access to capital has been essential in bringing numerous projects to development locally over the last 10 years.

Historic Tax Credit Basics:

            Tax Credits in general are used to incentivize or disincentive certain actions on the part of the private sector.   Historic tax credits are used to incentivize the restoration and rehabilitation of historic structures to standards developed by the United States Department of the Interior (DOI). The cost of preserving historic structures can be prohibitive in a standard business model. The tax credits help bridge the gap between cost and reasonable return to create an incentive for owners to preserve these historic properties.

As with all tax credits there is a burden that comes with the benefits of Historic Tax Credits.  The property to be developed must be designated as eligible because it is “historic”.  The taxpayer must establish that there will be a substantial rehabilitation completed in compliance with the guidelines established by the DOI. The proposal is processed through the states historic preservation office (SHPO) for a recommendation to the federal Department of Interior.  Once a proposal is approved by the DOI the property must be redeveloped in strict compliance with the approved application. Once the project is certified as having been properly rehabilitated the DOI issues a certification that can be used to access the tax credits. There are limitation on who can access and use the available credits and how the transaction must be structured.

This session will explore the legal and tax implications and process of using historic tax credits in development projects including discussion of the recent Revenue Procedure establishing a Safe Harbor.


  • Courtland VanDeusen, Lumsden & McCormick, LLP
  • Robert Knoer, The Knoer Group, PLLC



Ethical Considerations

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 and or that a practitioner doesn’t see coming.  The discussion will include thoughts about how best to address these issues and also discuss when it is necessary to fire a client and how best to do so.


  • Deborah Weber, Esq., AndreozziBluestein, LLP
  • Bruce Zgoda, CPA


Tax Enforcement Update, Pitfalls and Traps

This session will address important recent developments in tax enforcement.  This will include the federal government’s recent statement that criminal prosecution for payroll taxes will be one of their top priorities.  The discussion will review the exposure accountants and lawyers have in the payroll tax area and other criminal issues.  The discussion will also include other major pitfalls to practitioners and things that one may not see coming and how to hopefully avoid them.


  • Gary Bluestein, Esq., AndreozziBluestein, LLP


Complying with the Reporting Requirements Under the Affordable Care Act

Beginning in 2016 (i.e. for the 2015 calendar year) the Affordable Care Act (the “ACA”) requires that all “applicable large employers” provide information returns to their employees that describe the employer’s offer of health coverage for the preceding year, and to file copies of the information returns with the IRS.  This session will provide a line-by-line demonstration how to complete IRS forms1095-C (“Employer-Provided Health Insurance Offer and Coverage”) and 1094-C (“Transmittal of Employer-Provided Health Insurance Offer and Coverage”).  The session will also address special situations relating to information reporting under the ACA, and describe recent IRS guidance relating to the upcoming excise tax on “Cadillac” health plans.


  • Raymond N. McCabe, Esq., Partner, Barclay Damon LLP


Federal Tax Update

A review of the latest developments in Federal taxes for the year 2015; including cases, regulations, laws and administrative materials; with a special emphasis on the Tax Increase Prevention Act of 2014, the fate of “extenders” legislation in 2015, latest developments re: “portability” of the estate tax exclusion and final rules, the ABLE Act and tax favored savings accounts for individuals with disabilities, the effect of budget cuts on the workings of the Internal Revenue Service, Circular 230 revision, the new MyRA Retirement Accounts, latest developments in the area of Regulation of Tax Preparers; including the first voluntary Annual Filing Season Program (AFSP) and the outlook for 2015 and also 2016, 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 


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 from the perspective of a tax practitioner and a former New York State income tax auditor.  The impact of recent Tax Department  enforcement initiatives will also be discussed.


  • Mark S. Klein, Esq., Hodgson Russ LLP
  • Kristine L. Bly, Paralegal, Hodgson Russ LLP


Working Together on Behalf of New York Taxpayers

Jerry Boone was confirmed as New York State Commissioner of Taxation and Finance on June 16, 2015. Commissioner Boone will be discussing his new role as well as initiatives that will help pave a pathway of future success for tax administration in New York State.


  • Jerry Boone, New York State Tax Commissioner


Thursday, October 29, 2015

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  - Real Life Business Tax, Succession and Planning Topics
Session B - International Tax Compliance and Foreign Bank Account Reporting Update: Peeking Behind the Shroud

10-10:15 a.m. - Break

10:15-11:45 a.m. (2 Concurrent Sessions)
Session A - The Role of Tax Credits and Incentives in Economic Development: Historic and New
Session B - Ethical Considerations

Complimentary lunch 11:45 a.m. - 12:45 p.m.

12:45-2:15 p.m. - One session
Trust Funds

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

2:30 - 4 p.m. - One Session
Affordable Care Act


Friday, October 30, 2015

8-8:30 a.m. - Registration

8:30-10 a.m. - One Session
Federal Tax Updates

10-10:15 a.m. - Break

10:15-11:30 a.m. - One Session
Working Together on Behalf of New York Taxpayers

11:30-11:45 a.m. - Break

11:45 a.m. - 1 p.m. - One Session
New York State Tax Updates


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 12 hours can be applied toward the 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.

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 October 28, 2015.

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

Planning Committee

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

Phill Gallson, CPA, Campagna & Gallson CPAs PC
Ray Reichert, Esq., Jaeckle Fleischmann & Mugel LLP

Greg Altman, CPA, Somerset Capital Partners
Gary Bluestein, Esq., Andreozzi, Bluestein, Weber, Brown LLP
Ann Cohen, 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
Steven Sanders, CPA, Steven Sanders CPA
Cory Van Deusen, CPA, Lumsden McCormick
Deborah Weber, Esq., Andreozzi, Bluestein, Weber, Brown LLP
Bruce Zgoda, CPA, Bruce Zgoda CPAs


Early bird rate through October 8: $325 (Registration with hard copy of material.) $295 (Paperless registration. Course material will be sent via link to email.)

Rate from October 9 - October 29: $375 (Registration with hard copy of material.) $345 (Paperless registration. Course material will be sent via link to email.)


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