Agenda – MTF
2019 In-person event photo
Preliminary and Subject to Change Prior to the Event
Register
- 7:30 AM - 7:40 AM
VIRTUAL SESSION SIGN-IN
- 7:40 AM - 7:50 AM
Announcements & Opening Remarks
Diane SturgeonSBA Maine District Director - 8:00 AM - 8:50 AM
Keynote Address
Provide tax professionals with the latest information regarding the IRS Taxpayer Experience Office’s strategies and program objectives.
Courtney Kay-Decker, Deputy Chief, Taxpayer Experience OfficeInternal Revenue Service - 9:00 AM - 9:50 AM
2022 Retirement Bill Legislation with a focus on planning for 2023 as well as topical Estate Planning issues
This session will provide tax professionals with a look at what is new with retirement distribution rules under the Secure Act 2.0, with planning opportunities, estate tax planning and insight into potential further tax law changes.
Richard Abbondanza, JD – OwnerHopkinson & Abbondanza - 10:00 AM - 10:50 AM
S Corporation Insights (2023) and Privileged Communications with Clients
First, this session will provide tax professionals with an update on S corporation tax matters and insights into S corporation transactions. Second, this session will review Supreme Court action in the In Re Grand Jury case regarding professional advisor-client privilege where the communication has a dual purpose (the communication covers both tax advice and professional advice relating to the expertise of the professional rendering the advice).
Nelson Toner - ShareholderBernstein Shur - 11:00 AM - 11:50 AM
Hot topics in Cybersecurity
This session aims to provide tax professionals with an overview of IRS data security and breach requirements and recognize basic computer and data security techniques.
Mark Scholl - Illinois Market LeaderWipfli - 11:50 AM - 12:30 PM
LUNCH BREAK
- 12:30 PM - 1:20 PM
Explanation of Section F Reorganization from an S Corp to an LLC and Vice Versa
This session focuses on gaining an understanding of the process the needs to be follow to convert from an S Corp to an LLC corporate structure.
Eugene Syrovatkin – Senior Tax ManagerMarcum LLP - 1:30 PM - 2:20 PM
1040 Topics
This session will provide tax professionals with a review and update on Form 1040. Emphasis will be on areas of the form that cause confusion, expiring provisions and updates.
Robert Kearns – ShareholderPurdy Powers LLP - 2:30 PM - 3:20 PM
Various SALT Topics: SALT Compliance in a hybrid work environment; SALT Nexus issues post Wayfair; and Blockchain and SALT
This session will provide tax professionals with relevant information regarding the current state and local tax nexus landscape for sales/use, gross receipts, and income/franchise tax purposes post the Wayfair Decision: Blockchain and Salt matters and SALT related to hybrid working environments
Jamie E. Szal – PartnerBRANN & ISAACSONNathaniel Bessey – PartnerBRANN & ISAACSON - 3:30 PM - 4:30 PM
Ethics
This session will provide tax professionals with the basics of the IRS Office of Professional Responsibility, who is subject to Circular 230, what it means and how practitioners might be penalized.
Timothy McCormallyIRS - Office of Professional Responsibility
Register
Day Two–Thursday, November 9
VIRTUAL SESSION SIGN-IN
Announcements & Opening Remarks
Diane Sturgeon - District DirectorSBA MaineThe 2022 IRA Tax Act Implications on Alternative Energy
This session will provide tax professionals with an understanding of the changes to Alternative Energy tax law related to the 2022 IRA.Lee Peterson - PartnerCohn ReznickThe 2022 IRA Tax Act Implications on Real Estate
This session aims to provide tax professionals with an understanding of the changes to RE tax law related to the 2022 IRA including changes to bonus depreciation and energy efficiency tax credit percentages
Jeff Hiatt - Director of New Business DevelopmentMS ConsultantsFocus on Tax Issues in the Fisheries and “Blue” economy
This session will cover the current federal tax issues affecting the aquaculture industry in Maine today.
Sno Barry, CPA, CEPA, MST - PrincipalBerry DunnFocus on Federal Tax Issues in the Maine Agriculture Industries
This session covers the current federal tax issues affecting the farm and agriculture industries in Maine today.
Nick Norton - Tax SpecialistFarm Credit EastLunch break
Focus on Estate Tax Issues and Tax Planning ideas related to the potential expiration of the Trump Era Estate Tax laws
This session will provide tax professionals information related to difficult areas related to estate taxes as well as some tax planning ideas if the current estate tax limitations expire.
Parker W. Towle - AttorneyLeBlanc & YoungESOP Basics
This session will provide tax professionals with an understanding of what an ESOP is, how it works, what types of businesses qualify and the benefits to owners and employees.
Dan Gayer, JD, CPA - PrincipalBaker, Newman & NoyesESOPs, Cooperatives and other options for the sale of a small business to employees
This session will provide tax professionals with an understanding of what options may be available to small business owners who want to sell the business to their employees
Rob Brown - Director of Business Ownership SolutionsCooperative Development InstituteEthics
Consistent with past years,the speakers will address situations that raise ethical issues viewed through the lens of Circular 230 and increase the risk of mistakes and potential liability. Again, they will attempt to draw from common experiences that tax practitioners face during their career.
Justin Coffin, CFP™, JD, LL.M.Apollon New EnglandTim Woodhouse, JD, CPA – DirectorAries Wealth ManagementRegister
Maine Tax Workshops Advisory Team
We greatly appreciate the assistance of the Maine Tax Workshops Advisory Team in planning this agenda. Their experience with the chosen topics was a great resource for the SCORE planning team.
Bryce Morrison, Esq., Shareholder – Bernstein Shur