SAVE THE DATE: 2022 TAX CONFERENCE NOVEMBER 3 – 4, NORRIS CONFERENCE CENTER
For over four decades, senior tax professionals throughout Austin and Central Texas have gathered for this two-day tax conference devoted to education on state and federal tax planning and compliance issues. Over the years, the Annual Tax Conference has grown in stature to become one of the most respected venues for sophisticated tax education in the state. This conference is produced by tax professionals for tax professionals and includes the most up-to-date tax topics for practitioners advising individuals, families and businesses. The 2021 Tax Conference featured highly-rated and distinguished speakers including Blaise Bender, CPA, who is headlining the the conference with his FAMOUS 8-Hour Business Tax Update.
The 2021 event was held Thursday, November 4 & Friday, November 5, 2021 at the Norris Conference Center.
Thanks to all of our 2021 speakers and sponsors!
STATE AND LOCAL TAX UPDATES: WHAT YOU NEED TO KNOW NOW
Christina A. Mondrik, CPA, Esq, TBLS Board Certified-Tax Law, Principal Attorney | Mondrik & Associates
The state and local tax world has changed as the workplace has changed in response to technological advancements and other developments. In addition, the Texas legislature and Texas Comptroller have enacted and promulgated new statutes and rules affecting taxpayers with businesses or customers in Texas. This presentation will cover state and local tax updates, including sales tax and franchise tax as well as issues related to remote workers.
UNDERSTANDING ELDER LAW: THE BASICS AND THE TAXES
Brad Wiewel and Melissa Donovan, Estate Planning Specialists and Elder Law Specialists | Texas Trust Law
Elder Law is a broad area of the law encompassing everything from estate planning to long-term care planning, both in-home and nursing home, and benefits such as Medicaid and Veterans Benefits. Knowing what to do and when to do it, including the potential tax benefits and pitfalls, is critical to a successful outcome for the family. The tax issues can be complex and confusing, especially to families in crisis and their advisors. This presentation will review the basics of Elder Law planning, including the tax issues that can arise along with tips that CPAs can pass on to their clients.
THE THREE “CS OF THE IRS TODAY: COMPENSATION, CRYPTOCURRENCY, AND CAPTIVES
Anthony P. Daddino, J.D., Managing Partner | Meadows Collier – Dallas
Are there more “Cs” in the IRS’ inventory of controverted issues? Yes. Are there other letters of the alphabet? You bet. But there is no denying that the IRS has focused on the areas of (1) perceived self-employment tax avoidance through creative divisions of partnership income for service partners and alleged under-market salaries paid by S corporations, (2) cryptocurrency uses and exchanges that fall outside of traditional IRS reporting mechanisms and where there has been explosive growth that the IRS believes has gone under-taxed, and (3) private-held insurance companies known as micro-captives that, according to the IRS, serve no risk management purpose and exist solely to gyp Uncle Sam. This presentation will explore the details behind the IRS’ enforcement initiatives, recent administrative and judicial developments, and ways to help your clients navigate these murky, shark infested waters.
KEYNOTE LUNCHEON PRESENTATION: SUCCESSION PLANNING
Capital Wealth Strategies
THE NEW WORLD ORDER OF IRS ENFORCEMENT TRENDS
Michael A. Villa, Jr., J.D., Partner | Meadows Collier, Dallas
This presentation will review IRS hiring trends, the recent creation of the IRS Fraud Enforcement Office, the Office of Promoter Investigations, specific transactions that are on the IRS hot seat, and how these transactions are being pursued by the IRS on the civil and criminal tracks simultaneously.
TEXAS PROPERTY TAX DISPUTES: OVERVIEW, PROCESS AND ALTERNATIVES
Ira A. Lipstet, Attorney, CPA, Partner | DuBois, Bryant & Campell LLP
The session focus will be upon the administrative process and requirements to contest property tax disputes in Texas – including valuation, denial or loss of exemption or special purpose appraisal options such as agricultural valuation. Alternatives available to pursue contested matters and important deadlines that must be met to preserve the ability to go forward with such disputes will also be addressed.
TWC UPDATE: UNEMPLOYMENT AND WAGE CLAIMS DURING THE PANDEMIC
William T. (Tommy) Simmons, Legal Counsel | Texas Workforce Commission
Mr. Simmons will cover the unemployment claim and appeal process, eligibility issues, chargeability of benefits, and how unemployment benefits are calculated. He will also discuss some special problems that have arisen during the pandemic, such as claim fraud, refusal to return to work, and compliance with company policies required for keeping workplaces safe and healthy. Mr. Simmons will also discuss the effect of the pandemic on employers’ UI tax rates. Finally, he will address the most common pay-related issues that are seen in these times, including wage or schedule reductions, paying for PPE, deductions from wages, paid leave, and final pay.
BUSINESS TAX UPDATE
Blaise C. Bender
This business tax update will focus on matters associated with not only general business matters but matter specific to sole proprietorships, C Corporations, S Corporations, partnerships and LLCs. The session will also provide an update on PPP Lending and an update on the Cares Act. Recent court cases as well as recent revenue rulings and revenue procedures impacting business will also be reviewed. The session will conclude with discussion on potential tax legislation coming from the Biden Administration impacting businesses.
KEYNOTE LUNCHEON PRESENTATION: AUSTIN ECONOMIC FORECAST – WHAT’S ON THE HORIZON?
Mark Sprague, State Director of Information Capital | Independence Title
A look at the national economy (with a focus on real estate finance and economics) and where Austin and the Texas metros are in comparison. There is a lot of noise and confusion in the media. What does that have to do with Austin and Texas? It will have an effect, but we are in a good place. We will discuss where we are in the cycle. Residentially, commercially, all real estate channels continues to be robust. Barring an economic catastrophe, this should continue. What should you plan for?
If you have any questions, please contact Lauren Johnson.
COVID-19 Health & Safety
Protocols for TXCPA Live Events
Following TXCPA’s commitment to health & safety please refer to the guidelines below:
- Attendees are encouraged to conduct a COVID-19 self-assessment prior to arrival.*
- Touchless registration will be available where possible. Please bring your smart phone, tablet, or laptop for this option.
- Attendees are strongly encouraged to wear a mask or face covering at all times, with the exception of when you are eating or drinking.
- Attendees are encouraged to maintain a safe distance from others when possible.
- TXCPA will provide sanitizing stations and encourages attendees’ participation in using hand sanitizer throughout the event.
- TXCPA events will follow CDC and local guidelines and adhere to any restrictions put in place by the venue.
*Temperature of 100.4º F or higher is considered a fever according to the Center for Diseases Control and Prevention