November 6, 2019

In-Person

FAE Learning Center - New York
200 Madison Avenue, 11th Floor, New York, New York 10016

NYSED 8
•
NASBA 8

Sid Kess/FAE's Business and New York State Tax Update

November 6, 2019
In-Person
NYSED 8
•
NASBA 8

Sid Kess/FAE's Business and New York State Tax Update

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    Instructor

    Sharon
    Kreider

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    Sharon Kreider

    Bio
    Sharon Kreider, CPA, has helped more than 15,000 California tax preparers annually get ready for tax season. She also presents regularly for the AICPA, the California Society of Enrolled Agents, CCH Audio, and Western CPE. You’ll benefit from the detailed, hands-on tax knowledge Sharon will share with you—knowledge she gained through her extremely busy, high-income tax practice in Silicon Valley. With her dynamic presentation style, Sharon will demystify complex individual and business tax legislation. She’s a national lecturer for business and professional groups and consistently receives outstanding evaluations. In 2014, she was awarded the prestigious AICPA 2014 Sidney Kess Award for Excellence in Continuing Education.
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    Instructor

    Karen
    Brosi

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    Karen Brosi

    Bio
    Karen Brosi, CFP, EA, has an extensive California tax practice, advising clients in individual tax and family wealth planning, specializing in complex individual income tax matters and all types of securities transactions. Her background as a CFP and as a tax preparer for the wealthy makes her particularly effective in the tax and financial planning arenas. Karen teaches tax professionals how to avoid tax minefields with her extensive planning checklists and practical tips. Besides being one of the most prominent California tax update instructors, she’s a favorite interviewee on radio, television, and in print media, such as Bloomberg Businessweek. Karen’s powerful real-life presentations pinpoint critical federal and state tax areas, teaching tax professionals what they need to know to optimally assist their clients. Karen was the recipient of the California CPA Education Foundation 2012-2013 Outstanding Webcast Instructor award.
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    Instructor

    Mark
    Klein

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    Mr. Mark Klein

    Bio
    Mr. Klein, Chairman of the Firm, concentrates on New York State and New York City tax matters. He also has over 35 years of experience with federal, multistate, state, and local taxation. He is chair of the State and Local Taxation Section of the ACE Accounting Society. Mark is editor of New York Tax Highlights; contributing editor of CCH’s Guidebook to New York Taxes and co-author of CCH’s New York Residency and Allocation Audit Handbook, CCH’s New York Sales and Use Tax Answer Book, and NYSBA’s Contesting New York Tax Assessments. He has been quoted by the Wall Street Journal, New York Times, Associated Press, Miami Herald, and CNBC, and has appeared on CNN for a live interview on changing your residency. He was named 2021 “Lawyer of the Year” in the new edition of The Best Lawyers in America. He is admitted in New York (1983), Florida (1983), New Jersey (2019) and before the U.S. Supreme Court. Mr. Klein can be reached at mklein@hodgsonruss.com or @MarkKleinNY.
Combining the real-life experience of a practicing CPA with essential down-to-earth tax materials in a high-tech format, this powerful presentation will enable participants to quickly grasp recent tax changes. You'll receive the most complete and up-to-date reference manual, written by renowned tax experts, Karen Brosi and Sharon Kreider. The digital PDF manual is hyperlinked to the Internal Revenue Code, tax court decisions, and other primary authorities, making it extremely convenient. Join these world-class tax instructors as they share cutting-edge tax planning strategies in a high energy, often humorous presentation style using real-life experiences, which make complicated tax topics easily understandable. Specific course topics will be announced and updated through year-end.

Learning Objectives

Upon successful completion of this course, participants will be able to: • Discuss business tax reform developments.
• Enumerate planning ideas for business tax reform.
• Convey details of the Affordable Care Act (ACA) “employer mandate."
• Accurately prepare returns for business taxpayers.
• Understand and apply the various rules and regulations on the QBI deduction.
• Identify tax issues and apply regulations related to real estate as a qualified business for the QBI deduction.
• Identify considerations for selection an entity after enactment of the QBI deduction.
• Apply the many other business tax changes applicable for 2019 returns (these will be updated throughout the year)

Major Topics

• Updates on the latest business tax reform developments
• Planning ideas and examples implementing business tax reform
• Changes to depreciation and update on technical corrections to QIP
• Review of several 2019 clarifications to the QBI deduction including new 2019 Forms 8995 and 8995-A
• Details on the aggregation election on the individual return and the RPE
• Changes to the information required on the RPE’s return regarding QBI
• Factors for classifying a real estate rental as a “business” for the QBI deduction
• Updates on payroll tax issues including the new Form 1099-NEC
• News on hot audit targets for S corporations and LLCs
• Reminders on the streamlined audit provisions for partnerships and LLCs
• Decision making on choice of entity after the QBI deduction
• Review of the section 163(j) rules on interest deductions
• Updates on ACA and its “employer mandate” including the Cadillac tax
• Plus what the IRS is planning for 2019 business return examinations New York State:
• Includes a section updating conformity between Federal tax changes and New York State tax law and a discussion of NY’s extremely successful residency audit program.

CPE Credits Available

NYSED 8
NASBA 8
8
Taxation (NYSED) - NYSED
8
Taxes (NASBA) - NASBA

FAE Learning Center - New York

200 Madison Avenue, 11th Floor, New York, New York 10016

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Things to Know About This Course

Course Level

  • Update

Prerequisites

Experience preparing business tax returns including Forms 1120, 1120-S and 1065.

Advanced Preparation

Experience preparing business tax returns including Forms 1120, 1120-S and 1065.

Intended Audience

CPAs in industry and public accounting who need a thorough grasp of this monumental new Tax Act and how it affects our clients going forward

Special Note: This Event Does Not Include Meals

Provider

Foundation for Accounting Education

This event has ended.