Federal Tax Conference Virtual (FTC)

2021 Federal Tax Conference
Thursday, December 09, 2021
Webcast or Webinar, Online
8:00AM - 4:40PM (opens at 7:45AM) EST
8Credits
Technical Business

Registration is Open

Members
$219.00 Regular Price
Non-Members
$344.00 Regular Price
Course Type: CPE Conferences
Course Code: 21/FTC
Field of Study: Taxes

Overview:

The FICPA is here for you for your Federal tax education needs. Federal tax laws are constantly changing. As legislation may change as we near year end, CPAs, tax consultants and financial professionals will need to know new issues affecting tax planning and compliance. The FICPA has brought together subject matter experts to bring to you the latest updates and hottest topics you need to know to succeed in this coming tax season.

Topics include:

  • The SECURE Act and updates to the CARES Act
  • IRS Controversy & Representation Issues
  • Reasonable Compensation Collides with 199A
  • Estate Tax Planning Techniques
  • Lessons from the Tax Court 2021
  • IRS Tax Red Flags and How to Avoid Them
  • Taxation on Crypto-Currencies
  • Introduction to Tax Advisory

 Join us virtually for our Federal Tax Conference.

*This conference has been approved for EA Credit Program 2Z6YE-T-00020-21-O 

Schedule:

Thursday, December 9, 2021

Opening Remarks & IRS Controversy and Representation Issues

Time: Thursday 8:00am - 8:50am Credits: 1 TB

Russell Dunn, MST, CPA, CGMA, President, Dunn & Co., CPAs, PA and Lois Dunn, EA, Tax Manager, Dunn & Co., CPAs, PA

This session will provide updates to IRS Controversy and Representation Issues such as Examination, Collections and Appeals activities. Relevant Internal Revenue Code Sections, Administrative law and case law will be presented. Also relevant sections of the Internal Revenue Manual (IRM) will be discussed.

Presenters:

Break

Time: Thursday 8:50am - 9:00am

Reasonable Comp Collides with 199A

Time: Thursday 9:00am - 9:50am Credits: 1 TB

R Kevin Cross, MST, EA, CPA, Fraud lecturer, Author and Counselor, Account 417, LLC

What does the qualified business deduction (QBI - IRC 199A) have to do with reasonable compensation at the low end for small S corporations? More than meets the eye.

- Does 199A offer the 1st official statutory guidance for reasonable comp?
- Does this give permission to plan s-corp owner compensation rate of 30% salary and 70% -dividend distribution? 
-Will the courts give the code greater weight than a general engineer with the IRS?

Presenters:

Break

Time: Thursday 9:50am - 10:00am

41 Dangerous IRS Tax Red Flags (and How to Avoid Them)

Time: Thursday 10:00am - 10:50am Credits: 1 TB

Dan Henn, CPA, CTR, CTC - Daniel Henn, CPA, PA

We will cover 41 of the most dangerous items that tax practitioners or taxpayers put on their tax returns that could trigger an unwanted notice or audit from our friends at the IRS.

Objectives

  • Identify the top Red Flags that can be on a tax return
  • Discuss why these Red Flags are an issue
  • Explain how to fix these errors

Presenters:

Break

Time: Thursday 10:50am - 11:00am

Worried About Inflation? You Should Worry About Your IRA Planning

Time: Thursday 11:00am - 11:50am Credits: 1 TB

Thomas Shaw, Attorney at Law, Forster Boughman

The SECURE Act changed the rules for IRA distributions - both for owners and for named beneficiaries.  In this seminar, we discuss ways to salvage a stretch-out for beneficiaries in light of the new 10-year limit, review the temporary Covid distribution rules under the CARES Act, and provide an update on the new IRA rules under the Build Back Better Act.

Presenters:

Lunch

Time: Thursday 11:50am - 12:50pm

Lessons from the Tax Court 2021

Time: Thursday 12:50pm - 1:40pm Credits: 1 TB

Nathan Wadlinger, Lecturer of Accounting, University of Central Florida

This presentation will cover some important U.S. Tax Court cases during 2021. The presentation will focus on cases that affect multiple tax practice areas, and cases that remind us of important tax themes and doctrines essential to all tax professionals.

Presenters:

Break

Time: Thursday 1:40pm - 1:50pm

Taxation on the Purchase and Sale of Crypto-Currencies

Time: Thursday 1:50pm - 2:40pm Credits: 1 TB

J. Brian Page, Esq., Attorney at Law, ForsterBoughman

Cryptocurrencies are a hot topic in today's business environment. In this seminar, we present an overview of how cryptocurrencies and blockchains work and are taxed. General analysis of cryptocurrency income tax planning and compliance is also discussed.

Presenters:

Break

Time: Thursday 2:40pm - 2:50pm

Estate Tax Planning Techniques

Time: Thursday 2:50pm - 3:40pm Credits: 1 TB

Alan Gassman, Attorney - Gassman, Crotty & Denicolo, P.A.
Brandon Ketron, Attorney - Gassman, Crotty & Denicolo, P.A.
Christopher Denicolo, Attorney - Gassman, Crotty & Denicolo, P.A.

This presentation will cover both hot topics and important nuts and bolts that go into Estate Tax Planning for individuals and families who have significant wealth. The presentation will also cover planning for S Corporations, C Corporations, partnerships, and how creditor protection and probate avoidance can be coordinated with estate tax planning.

Presenters:

Break

Time: Thursday 3:40pm - 3:50pm

Introduction to Tax Advisory

Time: Thursday 3:50pm - 4:40pm Credits: 1 TB

Nadia Rodriguez, CPA, Senior Tax Analyst Programmer, Intuit

This informative session is designed to help firms currently leading with compliance (tax preparation and bookkeeping) to begin offering planning and tax advisory services.  You will learn about industry trends, change management with your clients, and tips on how to set up your practice for success. This will include an easy-to-follow alignment triangle, instructions on how to create a mission statement, examples to segment your clients, and support to add tax advisory to your firm.  You’ll also learn how to communicate this importance, and help better prepare your clients.

Presenters:

Objectives:

To equip CPAs, EAs, and Accountants with the most timely and relevant Federal tax resources and tools so they can effectively and efficiently practice and prepare for 2021 and beyond.

Presenters:

  • Daniel Henn, CPA,MST

    Dan Henn, CPA is an entrepreneur, tax education speaker, author of the “No Holds Barred, Candid Talk About Small Business Success In Florida”, tax columnist with the Florida Today and host of the “The Financial Truth with Dan Henn, CPA” on 1060AM WMEL radio. He is President of a CPA firm in Rockledge on the Space Coast.  He specializes in many aspects of Real Estate taxes as well as Real Estate...

    Read more about Daniel Henn here
  • R. Kevin Cross, CPA, MST, EA

    Fraud Lecturer, Author and CounselorAccount 417, LLCIf the old adage "it takes one to know one" has an ounce of truth,  then the insights gained from our speaker will hold some valuable lessons for your practice.Just as the FBI utilizes the knowledge of former criminals, this is your opportunity to glean from a convicted fraudster.  Thirty years ago he was the mastermind behind a large...

    Read more about R. Kevin Cross here
  • Alan S Gassman, J.D., LL.M. (Taxation), AEP® (Distinguished)

    Alan S. Gassman is a board-certified Trust and Estates lawyer and the founder of the Clearwater, Florida law firm of Gassman, Crotty and Denicolo, P.A., which is an 8 lawyer firm that focuses on the representation of high net worth families, physicians and business owners, and their companies in estate planning, taxation, and business and personal asset structuring.Mr. Gassman is the lead author...

    Read more about Alan S Gassman here
  • Christopher J Denicolo

    Christopher Denicolo, J.D., LL.M. is a partner at the Clearwater, Florida law firm of Gassman, Crotty & Denicolo P.A., where he practices in the areas of estate tax and trust planning, taxation, physician representation, and corporate and business law.  He has co-authored several handbooks that have been featured in Bloomberg BNA Tax & Accounting, Steve Leimberg's Estate Planning and Asset...

    Read more about Christopher J Denicolo here
  • Joseph Brian Page, Esq.

    Brian Page practices in the areas of domestic and international estate planning, domestic and international tax planning, federal and state tax controversy, and probate and trust administration.Brian has extensive experience developing sophisticated estate plans for wealthy individuals and families.  These plans are designed to reduce potential tax burdens within the context of each client’s...

    Read more about Joseph Brian Page here
  • Nathan Leon Wadlinger, CPA, JD, LLM

    Nate Wadlinger is a Lecturer at the University of Central Florida where he teaches accounting and tax courses in the Bachelors and Masters of Accountancy programs. He also works part-time in the tax services group of Thomas Howell Ferguson P.A. CPAs. Further, he teaches as an adjunct at various law schools and accounting programs. He also is the Lead Instructor for the EA Exam at Gleim Exam Prep...

    Read more about Nathan Leon Wadlinger here
  • Russell Frederic Dunn, CGMA,CPA,MST

    Russell Dunn, Professor of Accounting at Broward College, began as an adjunct instructor in 1990 at Florida International University in the graduate tax program and at Broward College (formerly Broward Community College). He was also an adjunct professor at Florida Atlantic University. He has been a full-time instructor since 2005. He was graduated from Hofstra University in Hempstead, NY with a...

    Read more about Russell Frederic Dunn here
  • Thomas C Shaw

    Thom Shaw is a seasoned attorney with over 30 years of experience practicing in the areas of estate planning, estate and gift taxation, corporate and business law, probate and trust administration, and general real estate.  He is Board Certified in Wills, Trusts and Estates Law, and holds the highest possible Martindale-Hubbell rating of AV-Preeminent.Thom was admitted to the Florida Bar in 1986. ...

    Read more about Thomas C Shaw here
  • Lois E Dunn

    Read more about Lois E Dunn here
  • Brandon Lee Ketron, JD, LLM, CPA

    Brandon L. Ketron is a partner at Gassman, Crotty & Denicolo, P.A. in Clearwater, Florida. His practice areas include Estate Planning, Taxation, Corporate and Business Law.Mr. Brandon L. Ketron, graduated from Roanoke College, Class of 2012, B.B.A., cum laude Stetson University College of Law, Class of 2015, J.D.,and cum laude, University of Florida, Class of 2016, LL.M, Taxation.Brandon is also a...

    Read more about Brandon Lee Ketron here
  • Nadia Rodriguez, CPA

    Nadia Rodriguez is a Senior Tax Analyst Programmer at Intuit where she is part of the team that builds Lacerte and ProConnect Tax Online content for individual and business tax professionals. Nadia earned her CPA license in 2009 and Masters in Taxation in 2007. Nadia has experience in Public Accounting where she performed tax planning projections and prepared tax returns for high-net-worth...

    Read more about Nadia Rodriguez here

Major Topics:

  • The SECURE Act and updates to the CARES Act
  • IRS Controversy & Representation Issues
  • Reasonable Compensation Collides with 199A
  • Estate Tax Planning Techniques
  • IRS Tax Red Flags and How to Avoid Them
  • Taxation on Crypto-Currencies
  • and more . . .

Designed For:

CPAs, EAs, tax consultants, financial professionals and accountants.