2019 SESSION TOPICS
October 26-30, 2020
October 25-29, 2021
SCHEDULES : Accounting, Erisa, Ethics Et cetera
WEDNESDAY MORNING, OCTOBER 23, 2019
Tiffany A. Altizer, Presiding
7:30-8:30 – Breakfast
Trains, Planes, and . . . Snacks? What’s Left of Fringe Benefits After TCJA? – Our expert panel discusses statutory changes and recent IRS guidance on a range of topics, including employer-provided meals and snacks, the deduction disallowance for qualified transportation fringe benefits, the new excise tax on compensation over $1 million paid by tax-exempt organizations, and the elimination of miscellaneous itemized deductions.
Mary B. “Handy” Hevener, Partner – Morgan, Lewis & Bockius LLP, New York, NY
Jonathan Zimmerman, Partner – Morgan, Lewis & Bockius LLP, Washington, D.C.
Bit What? An Explanation and Tax Primer Concerning Bitcoin and Other Cryptocurrencies – Given the rise of blockchain technology and digital assets as a new investment class, this timely presentation takes a hard look at the associated accounting and tax implications. It begins with a primer on blockchain technology and digital assets. Following that, our expert speaker addresses the accounting and tax issues practitioners will face as clients increasingly invest in bitcoin and other cryptocurrencies.
Navin Sethi, Partner – Ernst & Young, LLP, San Francisco, CA
10:45-10:45 – Break
Now We Know? The Real World Effect of GAAP on Tax Accounting After TCJA – Never before have generally accepted accounting principles (“GAAP”) had such an influence on tax accounting. From new Section 451(b)’s coupling of the all events test with “applicable financial statements,” to Section 451(c)’s similar approach to advance payments, to the concepts of EBITDA and EBIT reflected in new Section 163(j), the differences between GAAP and tax appear to be narrowing. Yet, the purposes of GAAP accounting versus tax accounting—financial position versus clear reflection of income—are not the same, despite what Congress or the tax paying public may think. Our speaker has litigated numerous tax accounting disputes and can help us understand where the increasing confluence of the two sets of rules begins and ends.
George Hani, Member – Miller & Chevalier Chartered, Washington, D.C.
Mid-Day Program: Belling The Cat - Funding Strategies For Energy Efficiency That Really Work – Using examples of energy-efficiency upgrades that can reduce operating costs for owners of buildings in diverse segments of real estate, including hospitality, office, warehousing/distribution, multifamily housing, and government, this session explores tax and other practical incentives to fund such upgrades. The important role of the tax advisor in the process, from qualification to certification, will be highlighted as well.
Sponsored by Bedford Cost Segregation and presented by Hank Holman, P.E, CCSP and Karen Koch, CPA, MT.
WEDNESDAY AFTERNOON, OCTOBER 23, 2019
David D. Aughtry, Presiding
Let’s Get Real About Mental/Emotional Health and Substance Abuse in the Profession – As tax professionals, we owe responsibilities not only to our clients but also to each other. Recent studies show that we are disproportionately affected by mental and emotional health issues, including substance abuse, depression, anxiety, and stress. When suffering the most, though, we are least likely to seek help. This panel discusses the many ways we as tax professionals can and should help each other and the profession when debilitating mental/emotional health and substance abuse problems arise.
Lynn Garson, Counsel – BakerHostetler, Atlanta, GA
Lynn Nichols, CPA, Fort Lauderdale, FL
Applied for 1 hour of professionalism credit.
Sounds Reasonable to Me: Defending Penalties with Reasonable Cause – There are over 150 civil penalties in the Internal Revenue Code, and the IRS aggressively pursues these civil penalties against taxpayers. The primary civil penalty statutes permit abatement for “reasonable cause,” a standard that has evolved over time and continues to change. While a reasonable cause defense can be based upon any pertinent facts and circumstances, some reasonable cause defenses are more likely to be successful than others. This panel discusses recent and seminal cases on reasonable cause and the art of defending civil penalty issues.
Larry Campagna, Vice Chair – Chamberlain, Hrdlicka, White, Williams & Aughtry, P.C., Houston, TX
John R. Keenan, Managing Director – Tax Controversy Services, Deloitte Tax LLP, Washington, D.C.
3:15-3:30 – Break
Conservation Easements: Contemporary Issues and Challenges – With an eye toward keeping you and your clients out of trouble, our experienced panel discusses recent conservation easement court decisions, ongoing litigation in the Tax Court, and recent efforts to curb abusive syndicated conservation easement donation transactions.
W. Curtis Elliott, Jr., Partner – Culp Elliott & Carpenter P.L.L.C., Charlotte, NC
Nancy A. McLaughlin, Robert W. Swenson Professor of Law – University of Utah SJ Quinney College of Law, Salt Lake City, UT
4:30-5:30 – A Partner In Your Woes? Ethical Issues For Partnership Representatives – Sorting out your ethical obligations in the context of partnership audits can be like tilting at windmills. Our panel discusses the application of ethics principles and the rules of Circular 230 in representing partnerships generally and in the context of TEFRA and BBA partnership audit regimes.
Christopher Rizek, Member – Caplin & Drysdale, Chartered, Washington, D.C.
Linda Galler, Max Schmertz Distinguished Professor of Law – Maurice A. Deane School of Law at Hofstra University, Hempstead, NY
Applied for 1 hour of ethics credit.
5:30-6:30 – Exhibitors' Cocktail Hour