Agenda – TPI

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  • 7:45 AM - 8:00 AM

    Opening Remarks

    Rick Nadeau
    SCORE Maine
  • 8:00 AM - 8:50 AM

    TCJA implementation after one year – practical hands-on examples (Part 1)

    The presentation will feature an overview of 199A, including what constitutes qualified business income for the deduction and how the deduction is determined. We will look at applicable thresholds, specified service businesses vs. non-specified service businesses, phase-out ranges and aggregation. Following the overview, we’ll dive into a series of examples based on both practitioner observations from the 2018 tax filing season and the 199A regulations.

    Portland: James Cardosi
    WIPFLi Macpage
    Augusta & Brewer: Michael Santo
    WIPFLi Macpage
  • 8:55 AM - 9:45 AM

    TCJA implementation after one year – practical hands-on examples (Part 2)

    The presentation will feature an overview of 199A, including what constitutes qualified business income for the deduction and how the deduction is determined. We will look at applicable thresholds, specified service businesses vs. non-specified service businesses, phase-out ranges and aggregation. Following the overview, we’ll dive into a series of examples based on both practitioner observations from the 2018 tax filing season and the 199A regulations.

    Portland: James Cardosi
    WIPFLi Macpage
    Augusta & Brewer: Michael Santo
    WIPFLi Macpage
  • 9:45 AM - 9:55 AM

    Break

  • 9:55 AM - 10:45 AM

    IRS Update

    This session will focus on IRS updates regarding key areas that are of utmost importance to the tax professional community. We will discuss the following areas during this discussion: Data Security/ID Theft; Tax Scams; Sharing Economy; Tax Reform: Taxpayer Advocate Tax Reform Changes Website; Opportunity Zones; Paycheck Checkup; and more.

    Shawn Savage, Stakeholder Liaison
    Internal Revenue Service
  • 10:50 AM - 11:40 AM

    MRS 2019 Income/Estate Tax Update

    Lisa Blanchette
    Maine Revenue Services
    Jeffrey Bragdon
    Maine Revenue Services
  • 12:35 PM - 1:35 PM

    Ethics

    D. Kelley Young, Attorney
    Troubh Heisler
  • 1:40 PM - 2:30 PM

    Choosing & Funding a Retirement Plan for Your Small Business

    Choosing, designing and funding a retirement plan for small businesses is often very low on the list of priorities for business owners. This presentation will illustrate the benefits of choosing and funding a retirement plan to meet each business and business owner’s unique circumstances. Retirement plan options are available to meet the tax needs, hiring and retention needs, funding needs of each business and of course the personal savings needs of the business owner(s).

    Josh Chase
    Lebel & Harriman
  • 2:40 PM - 3:30 PM

    Individual Tax Issues

    James will discuss 4-5 discrete tax topics that come up frequently when preparing individual tax returns but which often don’t get enough discussion.

    James Wade
    Law Office of James Wade
  • 3:35 PM - 4:25 PM

    Tax Issues in Selling Marijuana Products

    The presentation will cover tax treatment of cannabis-related business, including the application of Section 280E. It will provide an overview of current cannabis tax treatment in Maine, as well as changes in state legislation. Finally, it will include an analysis on where the industry is heading, and identify opportunities for those providing support services to cannabis clients.

    Brewer & Portland: Karla Brannen, CPA
    Albin Randall & Bennett
    Augusta: Hillary Lister
    Maine Matters

On-line registration is encouraged. 

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If you plan to pay by check, please download the registration form, and mail it along with your check.

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.

William Bishop, EA – The Swanson Group
Justin Coffin, Financial Advisor – UBS Rockland Financial Group
Daniel Doiron, CPA,CVA, Principal – Albin Randall & Bennett
Jeff Hiatt, Director of New Business Development, MS Consultants
Annette Lease – Machias Savings Bank
Stuart Lyons, CPA, MST, MBA – Baker Newman Noyes
Heather Popadak, Director of Income & Estate Tax Division – Maine Revenue Services
Michael Santo, CPA, MBA, MST – WIPFLi Macpage
Shawn Savage, Senior Stakeholder Liaison, IRS
Christopher Stevenson, Esq. – Drummond Woodsum
Nelson Toner, Esq., Shareholder – Bernstein Shur Sawyer & Nelson
Jim Wade, Attorney, The Law Office of James D. Wade
Timothy Woodhouse, CPA, Attorney – Aries Wealth Management

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