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AICPA Conference on Tax Strategies for the High-Income Individual

Date: May 08 - May 09, 2008
Location: Bellagio
Las Vegas, NV
Recommended CPE Credit: 18 (main), up to 8 (optional)
Pre-Conference: May 07
See Below To Add To Cart

Overview

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Chaired by renowned tax strategist, Sidney Kess, this comprehensive conference offers the latest approaches to wealth preservation including tax legislation, insurance, compensation, estate planning and more!  You will hear from leading experts in this field, all assembled by Sidney Kess in order to assure you hear from the best!

Conference Highlights:

  • Luncheon presentations by Robert Herz on Financial Reporting Developments and Gary Gasper, Washington Council Ernst & Young.
  • Morning Q&A with AICPA’s Tax Resource Panel
  • Updates on the latest techniques and ideas to help your high income clients including a Pass Thru Entity Update and a presentation on Fair Market Value in Wealth Preservation
  • Choose from 16 pre-conference workshops (additional fee) occurring the day before the main conference begins
  • And More!

You will also have the opportunity to network with the speakers and your peers allowing you additional time to discuss practical ideas and solutions.

Through the combination of excellent speakers, scope of coverage, practical ideas and vast networking opportunities, you won’t want to miss this conference!

Agenda

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Fields of Study:
A - Accounting
SKA - Specialized Knowledge & Application
T - Tax

Thursday, May 8, 2008 Main Conference - Day One

7:00AM-5:30PM Registration & Message Center Open

7:00AM-8:00AM Continental Breakfast in the Exhibit Area

7:00AM-7:50AM Early Riser Breakfast Sessions (select one)
 201. Pre-Morning Q&A with AICPA's Tax Resource Panel T (Repeated in session 206)
 202. Meaningful, Flexible, Standing the Test of Time – Enhancing the Value of Trust Planning Vehicles to Your Clients SKA
 203. Tax Technology T
 204. Delivering on Your Trusted Advisor Status SKA
 205. CPAs: Front and Center of America’s Fight for Financial Literacy SKA

7:50AM-8:00AM Change Break

8:00AM Main Conference Begins

8:00AM-8:10AM Welcome & Introduction

8:10AM-9:10AM General Session
 1. Income Tax Update T

9:10AM-10:00AM General Session
 2. Creating a Family Legacy – A Multi-Generational Case Study SKA

10:00AM-10:30AM Networking Break in the Exhibit Area

10:30AM-11:20AM General Session
 3. Current Valuation Issues T

11:20AM-12:10PM General Session
 4. Best Tax Ideas Panel T

12:10PM-12:20PM Change Break

12:20PM-1:20PM Lunch

1:20PM-1:35PM Change Break

1:35PM-2:05PM General Session
 L1. Caution: Simmering Tax Policy Issues Could Make Your Financial Plan Boil Over! T

2:05PM-2:55PM General Session
 5. Tax Strategies for Closely Held Business Clients T

2:55PM-3:10PM Change Break

3:10PM-4:00PM Concurrent Sessions (select one)
 6. Top Ten Investment Strategies SKA
 7. S Corporations Update T
 8. Advising the Family Foundation SKA
 9. Tax/Non-Tax Aspects of Succession Planning in Buy-Sell Agreements T
 10. IRA and Retirement Plan Distribution Rules After Death Made Easy T

4:00PM-4:30PM Networking Break in the Exhibit Area

4:30PM-5:30PM Concurrent Sessions (select one)
 11. Debt & Foreclosure - Is Your Knowledge Subprime? T
 12. Alternative Investments: Answers for your Clients' Questions - Panel Discussion SKA
 13. Sec 199 - Manufacturer's Deduction T
 14. Flexibility in Irrevocable Trusts SKA
 15. AMT Strategies to Escape It’s Reach T

5:30PM-6:30PM Networking Reception in the Exhibit Area

Friday, May 9, 2008 Main Conference - Day Two

7:00AM-5:30PM Registration & Message Center Open

7:00AM-8:00AM Continental Breakfast in the Exhibit Area

7:00AM-7:50AM Early Riser Breakfast Sessions
 206. Pre-Morning Q&A with AICPA's Tax Resource Panel T (Repeat of session 201)
 207. Cost Segregation: Trusted Advisors Dig Deeper T
 208. Advantages of Section 529 College Savings and Prepaid Tuition Plans SKA
 209. The Role of the CPA in the Family Office Marketplace SKA
 210. Selection of Domestic Trust Jurisdictions: Does It Make A Difference? SKA

7:50AM-8:00AM Change Break

8:00AM-8:10AM Morning Announcements

8:10AM-9:00AM General Session
 16. Estate Tax Update T

9:00AM-10:00AM General Session
 17. Tax Practitioner Penalties T

10:00AM-10:30AM Networking Break in the Exhibit Area

10:30AM-11:20AM General Session
 18. Creative Tax Planning for Real Estate T

11:20AM-12:10PM General Session
 19. Special Problems with Partnership Interests in Estate & Trust Administration T
 12:10PM-12:20PM Change Break

12:20PM-1:20PM Lunch

1:20PM-1:35PM Change Break

1:35PM-2:05PM General Session
 L2. Financial Reporting Developments of Interest to Tax Professionals

2:05PM-2:55PM General Session
 20. The Mathematics of Estate and Retirement Planning T

2:55PM-3:25PM Networking Break in the Exhibit Area

3:25PM-4:15PM Concurrent Sessions (select one)
 21. Fair Market Value in Wealth Preservation A
 22. Specialized Estate Planning Case Studies T
 23. Top 10 Senior Mistakes SKA
 24. Fiduciary Accounting Update A, T
 25. HIPAA: What Every CPA Must Know T

4:15PM-4:30PM Change Break

4:30PM-5:30PM Concurrent Sessions (select one)
 26. Sophisticated Asset Protection Planning Tools and Techniques SKA
 27. The Flip Side of Discounts T
 28. Recognizing Key Pre-Immigration, Post-Mortem and Spousal Issues When Dealing with the International Tax Client T
 29. Taxation of Investment Vehicles T
 30. The Taxing Issues of Divorce T

5:30PM Conference Concludes

Location

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Bellagio
3600 South Las Vegas Blvd.
Las Vegas, NV 89109
Hotel Phone: (702) 693-7111 – general information
Hotel Reservations: (888) 987-6667
Hotel Room Rate: $219 single/double Tuesday-Thursday; $239 single/double Friday
Hotel Reservation Cutoff Date: 4/8/08

Please note that this conference is expected to sell out, and that the hotel room block may be sold out prior to the reservation cutoff date.

Optional Workshops

Purchase Below Form 1041

Date: May 07, 09:00 AM - 10:40 AM
Session Price: $150.00
Session Code: 101
CPE Credits: 2
The IRS has expressed an interest in auditing Form 1041 so it’s a good time to review some important calculations necessary to an accurate fiduciary income tax return. This presentation will review the calculation of DNI as impacted by: • The determination of the trust as simple or complex • The separate share rule • Unitrust and power to Adjust • AMT • The 2% rule for miscellaneous itemized deductions

Purchase Below Advanced Partnership and LLC Issues

Date: May 07, 09:00 AM - 10:40 AM
Session Price: $150.00
Session Code: 102
CPE Credits: 2
Many high income individuals are involved in partnerships and LLCs. The IRC provisions in this area are some of the most confusing in the Code. This workshop will focus on some of the more involved issues that are commonly misunderstood including: • Basis, at–risk and passive loss limitations • Sec. 751 “hot assets” • Optional Sec. 754 step-up elections • Effect of technical terminations on depreciable property • Self-Employment (S/E) tax for LLC members and much more

Purchase Below Family Office Marketplace

Date: May 07, 09:00 AM - 10:40 AM
Session Price: $150.00
Session Code: 103
CPE Credits: 2
The new craze for accounting and financial firms is to “be a family office.” Should you become one? If so, what do you need to consider? This workshop will include: • The various family office models and structures • Services that need to be, or not, provided • How to charge for services • Goals of the client or family to be served

Purchase Below Practical Checklists for Practitioners

Date: May 07, 09:00 AM - 10:40 AM
Session Price: $150.00
Session Code: 104
CPE Credits: 2
This program will review key isuses and overlooked items from about 20 newly developed practice checklists. The checklists were developed expressly for CPAs with a view towards the broad, multi-disciplinary manner in which most CPAs practice, addressing income tax, estate tax, estate planning, business, succession planning, personal and other client issues.

Purchase Below Making the Best of Bad Situations

Date: May 07, 10:55 AM - 12:35 PM
Session Price: $150.00
Session Code: 105
CPE Credits: 2
Bad tax things can happen to good clients! Be there with the right advice and remedies to make the best of a bad situation. This session will include: • Divorce dangers • Bankruptcy basics • Business & non-business bad debts • Debt cancellation

Purchase Below Pass Through Entity Update

Date: May 07, 10:55 AM - 12:35 PM
Session Price: $150.00
Session Code: 106
CPE Credits: 2
This popular workshop, taught by Sharon and Vern Gallo, will cover everything that is new for your clients who operate their businesses as LLCs or S Corporations. Find out: • What the IRS is looking at and how the courts are ruling on pass through issues • If the LLC is the best entity choice for your client • How and when a client can change the business structure from an LLC to an S corporation • and more

Purchase Below Personal and Financial Sides of Charitable Giving

Date: May 07, 10:55 AM - 12:35 PM
Session Price: $150.00
Session Code: 107
CPE Credits: 2
As an advisor to clients, your role should include not only the tax rules, but also help to best implement the client's charitable intent. Gain an understanding of the personal and financial sides of creative charitable techniques: • The importance of factors such as control, responsibilities and prestige • The financial and tax benefits of charitable gift annuities • The role of donor advised funds • A review of the 2007 law changes to charitable giving

Purchase Below Life Insurance 101

Date: May 07, 10:55 AM - 12:35 PM
Session Price: $150.00
Session Code: 108
CPE Credits: 2
This workshop explains what every CPA needs to know about life insurance in estate and business planning – basic and advanced – including income tax, estate and gift tax implications. Highlights include: • Basics – financial strength ratings, term insurance, disability insurance, long term care insurance • Income tax traps involving life and disability insurance • Life insurance trusts – fixing a bad trust • Life settlements – what is appropriate for your clients • and more

Purchase Below Form 1041

Date: May 07, 02:00 PM - 03:40 PM
Session Price: $150.00
Session Code: 109
CPE Credits: 2
The IRS has expressed an interest in auditing Form 1041 so it’s a good time to review some important calculations necessary to an accurate fiduciary income tax return. This presentation will review the calculation of DNI as impacted by: • The determination of the trust as simple or complex • The separate share rule • Unitrust and power to Adjust • AMT • The 2% rule for miscellaneous itemized deductions

Purchase Below Tax Technology Toolbox

Date: May 07, 02:00 PM - 03:40 PM
Session Price: $150.00
Session Code: 110
CPE Credits: 2
Find out the latest technology to streamline your tax practice: • Tax research on the Internet • Multi-state tax issues • Using Adobe Acrobat hidden features • Remote communications • Free Web sites for tax law, regulations, court cases • Security of client documents • Should you be using Microsoftฎ Vista? • Paperless office and scanning technologies • Many other timely free and low cost software alternatives

Purchase Below The Psychology of Estate Planning

Date: May 07, 02:00 PM - 03:40 PM
Session Price: $150.00
Session Code: 111
CPE Credits: 2
CPAs are becoming increasingly aware of the psychological and emotional issues involved in representing clients who are planning their estates or handling the estate of a loved one. During the workshop, you will be able to explore issues including: • Overcoming the roadblocks to estate planning • The use of Genograms in estate planning • Working with clients experiencing grief • and more

Purchase Below Advanced Partnership and LLC Issues

Date: May 07, 02:00 PM - 03:40 PM
Session Price: $150.00
Session Code: 112
CPE Credits: 2
Many high income individuals are involved in partnerships and LLCs. The IRC provisions in this area are some of the most confusing in the Code. This workshop will focus on some of the more involved issues that are commonly misunderstood including: • Basis, at–risk and passive loss limitations • Sec. 751 “hot assets” • Optional Sec. 754 step-up elections • Effect of technical terminations on depreciable property • Self-Employment (S/E) tax for LLC members and much more

Purchase Below Pass Through Entity Update

Date: May 07, 03:55 PM - 05:35 PM
Session Price: $150.00
Session Code: 113
CPE Credits: 2
This popular workshop, taught by Sharon and Vern Gallo, will cover everything that is new for your clients who operate their businesses as LLCs or S Corporations. Find out: • What the IRS is looking at and how the courts are ruling on pass through issues • If the LLC is the best entity choice for your client • How and when a client can change the business structure from an LLC to an S corporation • and more

Purchase Below The Inherited IRA (and Retirement Plan) Trust

Date: May 07, 03:55 PM - 05:35 PM
Session Price: $150.00
Session Code: 114
CPE Credits: 2
IRA and retirement plan inheritances are controlled by beneficiary forms that are typically simple and therefore limit estate planning options. But by naming a trust as beneficiary, the special tax-sensitive assets can be at least as well-planned as the rest of an estate, providing for: • Stretchout qualification based on rules for single or multiple beneficiaries • A complete plan for successor beneficiaries • Qualification for the estate tax marital deduction • and more

Purchase Below Tax Technology Toolbox

Date: May 07, 03:55 PM - 05:35 PM
Session Price: $150.00
Session Code: 115
CPE Credits: 2
Find out the latest technology to streamline your tax practice: • Tax research on the Internet • Multi-state tax issues • Using Adobe Acrobat hidden features • Remote communications • Free Web sites for tax law, regulations, court cases • Security of client documents • Should you be using Microsoftฎ Vista? • Paperless office and scanning technologies • Many other timely free and low cost software alternatives

Purchase Below The Generation Skipping Tax: How It Works, How to Plan With It

Date: May 07, 03:55 PM - 05:35 PM
Session Price: $150.00
Session Code: 116
CPE Credits: 2
The Generation-Skipping Tax rules present both a problem and an opportunity. See how the tax works and how to plan to use the available exemptions. Among the areas to be addressed are: • Key GST Definitions and Concepts • Transfers subject to GST tax • Determining the GST tax • GST tax exclusions, exemptions and elections • Grandfathered trust issues • GST planning issues and opportunities

Purchase Below Leveraging AICPA's Resources

Date: May 07, 05:45 PM - 07:00 PM
Session Price: $0.00
Session Code: 117
CPE Credits: NA
The AICPA offers expert guidance and tools to help you work more effectively and efficiently. Attend this wine & cheese reception and get a better understanding of how AICPA’s publications like Accountant’s Business Manual Online, self-study course offerings, Tax Section and PFP Section Memberships and benefits and on-site training options can help your business.

Product Code: TAX08
Regular: $1,095.00
AICPA Member: $895.00
Your Price: $1095.00

Check box(es) to select sections

Form 1041
Pre-Conference
May 07, 09:00 AM - 10:40 AM
Session Code: 101
CPE Credits: 2
Session Price: $150.00
Advanced Partnership and LLC Issues
Pre-Conference
May 07, 09:00 AM - 10:40 AM
Session Code: 102
CPE Credits: 2
Session Price: $150.00
Family Office Marketplace
Pre-Conference
May 07, 09:00 AM - 10:40 AM
Session Code: 103
CPE Credits: 2
Session Price: $150.00
Practical Checklists for Practitioners
Pre-Conference
May 07, 09:00 AM - 10:40 AM
Session Code: 104
CPE Credits: 2
Session Price: $150.00
Making the Best of Bad Situations
Pre-Conference
May 07, 10:55 AM - 12:35 PM
Session Code: 105
CPE Credits: 2
Session Price: $150.00
Pass Through Entity Update
Pre-Conference
May 07, 10:55 AM - 12:35 PM
Session Code: 106
CPE Credits: 2
Session Price: $150.00
Personal and Financial Sides of Charitable Giving
Pre-Conference
May 07, 10:55 AM - 12:35 PM
Session Code: 107
CPE Credits: 2
Session Price: $150.00
Life Insurance 101
Pre-Conference
May 07, 10:55 AM - 12:35 PM
Session Code: 108
CPE Credits: 2
Session Price: $150.00
Form 1041
Pre-Conference
May 07, 02:00 PM - 03:40 PM
Session Code: 109
CPE Credits: 2
Session Price: $150.00
Tax Technology Toolbox
Pre-Conference
May 07, 02:00 PM - 03:40 PM
Session Code: 110
CPE Credits: 2
Session Price: $150.00
The Psychology of Estate Planning
Pre-Conference
May 07, 02:00 PM - 03:40 PM
Session Code: 111
CPE Credits: 2
Session Price: $150.00
Advanced Partnership and LLC Issues
Pre-Conference
May 07, 02:00 PM - 03:40 PM
Session Code: 112
CPE Credits: 2
Session Price: $150.00
Pass Through Entity Update
Pre-Conference
May 07, 03:55 PM - 05:35 PM
Session Code: 113
CPE Credits: 2
Session Price: $150.00
The Inherited IRA (and Retirement Plan) Trust
Pre-Conference
May 07, 03:55 PM - 05:35 PM
Session Code: 114
CPE Credits: 2
Session Price: $150.00
Tax Technology Toolbox
Pre-Conference
May 07, 03:55 PM - 05:35 PM
Session Code: 115
CPE Credits: 2
Session Price: $150.00
The Generation Skipping Tax: How It Works, How to Plan With It
Pre-Conference
May 07, 03:55 PM - 05:35 PM
Session Code: 116
CPE Credits: 2
Session Price: $150.00
Leveraging AICPA's Resources
Pre-Conference
May 07, 05:45 PM - 07:00 PM
Session Code: 117
CPE Credits: NA
Session Price: $0.00
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