Agenda – MTF
2019 In-person event photo
Register
- 7:30 AM - 7:50 AM
VIRTUAL SESSION SIGN-IN
- 7:50 AM - 8:00 AM
Announcements & Opening Remarks
Diane SturgeonSBA 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 DevelopmentMS Consultants, LLCDave Fabian - Managing DirectorMS Consultants, LLC - 9:45 AM - 9:55 AM
Break
- 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 LiaisonIRS 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 DivisionMaine Revenue Services - 11:40 AM - 12:40 PM
LUNCH BREAK
- 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 ManagerBaker 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 – ShareholderBernstein Shur - 2:25 PM - 2:35 PM
BREAK
- 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 – PartnerPotomac Law GroupRichard Abbondanza, JD – OwnerHopkinson & 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 – DirectorIRS - Office of Professional Responsibility
Register
Day Two–Thursday, November 3
VIRTUAL SESSION SIGN-IN
Announcements & Opening Remarks
Diane SturgeonSBA MAINE District DirectorESOP 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 - shareholderBernstein ShurS 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 ManagerWIPFLIBreak
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 & PresidentTech AdvisorsJoseph McCarthy - Senior Stakeholder LiaisonSB/SE Communications and Stakeholder Outreach, IRSCannabis 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 OfficeLunch break
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 PrincipalSovos Compliance, LLCParticular tax issues in LLC agreements
Provide tax professionals with an overview of the complex tax clauses in operating agreements.
Andrew Wells - Associate Tax AttorneyBernstein ShurBREAK
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 ManagerBaker Newman NoyesEthics
Identifying and demonstrating tax compliance obligations that tax professionals are subject to.
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.
Annette Lease, SVP, Sr. Financial Planning Officer – Machias Savings Bank