Thirty-Third Annual Tax Symposium
Date:
November 16, 2024
Time:
8:30 am – 12:30 pm
Credits:
Four CPE credits will be available to CPAs who are eligible.
Location:
This year’s Symposium will be presented virtually. Webinar details will be provided to participants prior to the event.
To register, please scroll to the form at the bottom of the page.
Symposium Agenda:
Business Buy-Sell Agreements After Connelly v. IRS
- Primer on Buy-Sell Agreements
- Summary of Connelly v. IRS and its impact on Buy-Sell Agreements
- Planning and strategies after Connelly
Appointing the Beneficiary as Trustee
- Are there creditor concerns?
- Are there tax issues?
- Isn’t this simply allowing the fox to guard the henhouse?
Roundup of Recent Tax Developments
- New laws, cases and rulings
- Hot topics and pending legislation
- Practice pointers
They Gave the Building Back to the Bank: A Case Study on Forgiveness of Indebtedness
- The tax consequences of recourse vs. nonrecourse debt
- Issues impacting the disposition of the property
- Multiparty settlements and negotiations to minimize tax liability
Planning for Disabled Clients (Physical or Mental Disabilities)
- Testamentary capacity to execute documents
- How to best use trusts for the disabled beneficiary
- Advantages and disadvantages of an ABLE account
New Salary Basis Rule for Exempt Employees and How It Affects Your Business
- Discussion of the FLSA overtime rule and exempt versus non-exempt classifications
- Explanation of new Department of Labor rule
- Best practice for compliance moving forward
How Tax Probate and Trust Administration Often Doesn’t Mesh
- Probate and trust accountings format and data vs. tax filing format and data
- Family disputes affecting tax filings
- Written will vs. trusts vs. no estate plan affect tax considerations and filings
The CTA Deadlines Are Here: What Are You Waiting For?
David H. Freedman and Jordan M. Small
- Status of challenges to the CTA and potential outcomes
- A defunct entity may not have a free pass
- Tidbits learned along the way
SECURE 2: What’s Coming in 2025 and What Got Clarified in 2024?
- Required minimum distributions
- Catch-up limits for 401K Plans
- Automatic enrollment in 401K Plans
