Agenda – MTF

Maine Tax Forum

2019 In-person event photo

 

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  • 7:50 AM - 8:00 AM

    Announcements & Opening Remarks

    Diane Sturgeon
    SBA Maine District Director
  • 8:00 AM - 8:50 AM

    Keynote Address

    TBA
  • 8:55 AM - 9:45 AM

    Tax code related to real estate ownership energy credits

    Provide tax professionals with an overview of the income tax implications unique to the ownership of real estate. In addition energy efficiency federal tax credits will be reviewed.

    Jeff Hiatt - Director of New Business Development
    MS Consultants, LLC
    Dave Fabian - Managing Director
    MS Consultants, LLC
  • 9:55 AM - 10:45 AM

    IRS Notices

    Provide tax professionals with an overview of the most common IRS notices, what they mean and how to respond.

    Stephen Connor - Senior Stakeholder Liaison
    IRS Communications & Liaison Division
  • 10:50 AM - 11:40 AM

    Maine Tax Updates

    To provide tax preparers with what is new with Maine income and sales taxes and what potential changes are in store.

    Holly Gerard - Tax Section Manager, Income & Estate Tax Division
    Maine Revenue Services
  • 12:40 PM - 1:30 PM

    Operation of and Issues with Section 1061

    Provide tax professionals with an overview of who section 1061 applies to, what happens if section 1061 applies, and when does section 1061 apply.

    Dan Gayer, JD, CPA – Senior Manager
    Baker Newman Noyes
  • 1:35 PM - 2:25 PM

    S Corporation Issues & Insights

    Provide tax professionals with an overview of the latest tax rules and regulations of S Corporations and discuss complex S Corporation issues.

    Nelson Toner – Shareholder
    Bernstein Shur
  • 2:35 PM - 3:25 PM

    Washington Tax Developments

    Provide tax professionals a look at what is new with income and estate taxes and insight into potential further tax law changes

    Susan Rogers, JD, LL.M. in Tax – Partner
    Potomac Law Group
    Richard Abbondanza, JD – Owner
    Hopkinson & Abbondanza
  • 3:30 PM - 4:30 PM

    Ethics

    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.

    Sharyn Fisk – Director
    IRS - Office of Professional Responsibility

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Day Two–Thursday, November 3

  • 7:55 AM - 8:00 AM

    Announcements & Opening Remarks

    Diane Sturgeon
    SBA MAINE District Director
  • 8:00 AM - 8:50 AM

    ESOP Basics

    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.
    Steve Gerlach - shareholder
    Bernstein Shur
  • 8:55 AM - 9:45 AM

    S Corp shareholder basis

    Provide tax professionals with the basics of shareholder basis in both stock and debt. Including a discussion on non-taxable increases and decreases in basis.

    Mike Santo, CPA - Senior Tax Manager
    WIPFLI
  • 9:55 AM - 10:45 AM

    Cyber Security

    Provide tax professionals with an overview of IRS data security and breach requirements and recognize basic computer and data security techniques.

    Konrad Martin - Co-Founder & President
    Tech Advisors
    Joseph McCarthy - Senior Stakeholder Liaison
    SB/SE Communications and Stakeholder Outreach, IRS
  • 10:50 AM - 11:40 AM

    Cannabis Tax Issues

    Provide tax professionals with an overview of Federal and Maine tax considerations of cannabis: Medical retailers, Adult use retailers, Producers/Growers. What expenses are deductible and non-deductible for federal and state income tax purposes. Ethics and compliance issues will also be discussed.

    Nat Hussey, Esq.
    Nat Hussey Law Office
  • 12:40 PM - 1:30 PM

    Crypto Currency

    Provide tax professionals with an overview of what cryptocurrency is, the tax implications of using and investing in cryptocurrency, identify how the IRS defines virtual currency, advantages/disadvantages.

    Wendy Walker - Solution Principal
    Sovos Compliance, LLC
  • 1:35 PM - 2:25 PM

    Particular tax issues in LLC agreements

    Provide tax professionals with an overview of the complex tax clauses in operating agreements.

    Andrew Wells - Associate Tax Attorney
    Bernstein Shur
  • 2:35 PM - 3:25 PM

    State Tax Nexus: Physical Presence vs. Economic Nexus in a Virtual World

    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. Attendees will learn about recent developments, nationwide and regional trends, and other matters that will assist them in advising clients across all industry and entity types, and also in managing the tax compliance obligations of their own businesses/firms.

    Leanne Scott, JD, LL.M. – Senior Manager
    Baker Newman Noyes
  • 3:30 PM - 4:30 PM

    Ethics

    Identifying and demonstrating tax compliance obligations that tax professionals are subject to.

    Justin Coffin, CFP™, JD, LL.M.
    Apollon New England
    Tim Woodhouse, JD, CPA – Director
    Aries Wealth Management

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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.

Steve Robinson, Certified Mentor – SCORE Maine
Annette Lease, SVP, Sr. Financial Planning Officer – Machias Savings Bank
Bryce Morrison, Esq., Shareholder – Bernstein Shur
Christopher Stevenson, Esq. – Drummond Woodsum
Heather Popadak, Director; Income/Estate Tax Division – Maine Revenue Services
Jeff Hiatt, Director of New Business Development, MS Consultants
Joe Balchunas, Certified Mentor – SCORE Maine
John Hadwen, Tax Director 0 Albin Randall & Bennett
Justin Coffin, CFP, JD, LL.M. – Apollon New England
Larry LaPlante, Certified Mentor – SCORE Maine
Mike Santo, CPA – Senior Tax Manager, WIPFLI
Nat Hussey, Esq. – Nat Hussey Law Office
Rick Garcia, EA – RG Tax Accounting & Resolution
Susan Rogers, JD, LL.M. in Tax – Partner, Potomac Law Group
Timothy Woodhouse, JD, CPA – Director, Aries Wealth Management

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