Agenda – TPI

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  • 7:45 AM - 8:00 AM

    Opening Remarks

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

    Individuals – General Provisions (Augusta, 10/23, Brewer 10/25)

    In this session, Jim Wade will be discussing the impact of the Tax Cuts & Jobs Act (“TCJA”) on individual taxpayers. TCJA is one of the largest tax law changes in 30 years and it impacts virtually every individual taxpayer in America. With the exception of 199A, we will discuss how the tax law changes that impact individual returns.

    James Wade, Attorney
    Law Office of James D. Wade
  • 8:00 AM - 8:50 AM

    Ethics and Professional Responsibility (Portland, 10/30)

    The Ethics/Professional Responsibility session will include an interactive review and discussion of the ethics hypotheticals in the University of Illinois Tax School’s Federal Tax Workbook, so please read the section ahead of time for the best learning experience.

    D. Kelley Young, Attorney
    Troubh Heisler
  • 8:55 AM - 9:45 AM

    Choice of Entity in the TCJA Landscape (Augusta, 10/23, Portland, 10/30)

    Justin Coffin, Financial Advisor
    UBS - Rockland Financial Group
  • 8:55 AM - 9:45 AM

    MRS Updates – TCJA and Beyond (Brewer, 10/25)

    State tax laws are rooted in the federal tax laws. This presentation will cover how Maine’s tax changes relate to federal tax law and their impact on the Maine taxpayer and practitioner, will be explained.

    Sandra Lind, Deputy Director Income/Estate Tax Division
    Maine Revenue Services
    Maria French, Deputy Director Income/Estate Tax Division
    Maine Revenue Services
  • 9:55 AM - 10:45 AM

    Planning Opportunities for Real Estate Owners Before and After the Tax Cuts and Jobs Act – Part 1

    Participants will gain a clear understanding of current issues impacting real estate ownership.  This will include the proper depreciation methods and lives to use for different types of property, the applicability of bonus depreciation and qualified property, and the impact of the Tax Cuts and Jobs Act.  They will gain a better understanding of the new Tax Act, and applicability for themselves and their clients – including the new 199A 20% deduction for Qualified Business Income.  We will also go through detailed examples of the calculations and applicability of the 30% interest expense limitation.  Participants will also gain a better understanding of how recent tax legislation, tax court rulings, and Rev Procs will impact their clients.  We will also discuss the state of the PATH Act and the Tangible Property Regulations in today’s Tax Cuts and Jobs Act era.

    Dave Fabian, Director
    MS Consultants
  • 10:50 AM - 11:40 AM

    Planning Opportunities for Real Estate Owners Before and After the Tax Cuts and Jobs Act – Part 2

    Participants will gain a clear understanding of current issues impacting real estate ownership.  This will include the proper depreciation methods and lives to use for different types of property, the applicability of bonus depreciation and qualified property, and the impact of the Tax Cuts and Jobs Act.  They will gain a better understanding of the new Tax Act, and applicability for themselves and their clients – including the new 199A 20% deduction for Qualified Business Income.  We will also go through detailed examples of the calculations and applicability of the 30% interest expense limitation.  Participants will also gain a better understanding of how recent tax legislation, tax court rulings, and Rev Procs will impact their clients.  We will also discuss the state of the PATH Act and the Tangible Property Regulations in today’s Tax Cuts and Jobs Act era.

    Dave Fabian, Director
    MS Consultants
  • 12:45 PM - 1:35 PM

    IRS Updates

    This session will focus on IRS updates regarding key areas that are of utmost importance to the tax professional community.  We plan on touching on the following areas during this discussion such as Data Security/ID Theft, Tax Scams, Sharing Economy, e-Services, IRS Online Accounts, IRS Payment Options, POA Online Accounts and much, much more.
    Shawn Savage, Stakeholder Liaison
    Internal Revenue Service
  • 1:40 PM - 2:30 PM

    Ethics and Professional Responsibility (Augusta 10/23, Brewer 10/25)

    The Ethics/Professional Responsibility session will include an interactive review and discussion of the ethics hypotheticals in the University of Illinois Tax School’s Federal Tax Workbook, so please read the section ahead of time for the best learning experience.

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

    Individuals – General Provisions (Portland, 10/30)

    In this session, Jim Wade will be discussing the impact of the Tax Cuts & Jobs Act (“TCJA”) on individual taxpayers. TCJA is one of the largest tax law changes in 30 years and it impacts virtually every individual taxpayer in America. With the exception of 199A, we will discuss how the tax law changes that impact individual returns.

    James Wade, Attorney
    Law Office of James D. Wade
  • 2:40 PM - 3:30 PM

    The TCJA’s Impact on Estate Planning

    This presentation will discuss the changes the TCJA makes to federal gift, estate and generation-skipping transfer tax laws and how estate planning is effected by these changes.  We will also discuss how the federal estate tax laws relate to the Maine estate tax laws.

    Matie Little, Attorney - Augusta and Portland
    LeBlanc & Young
    Jennifer Eastman, Partner - Brewer
    Rudman Winchell
  • 3:35 PM - 4:25 PM

    MRS Updates – TCJA and Beyond (Augusta 10/23, Portland 10/30)

    State tax laws are rooted in the federal tax laws. This presentation will cover how Maine’s tax changes relate to federal tax law and their impact on the Maine taxpayer and practitioner, will be explained.

    Sandra Lind, Deputy Director Income/Estate Tax Division
    Maine Revenue Services
    Maria French, Deputy Director Income/Estate Tax Division
    Maine Revenue Services
    John Lewandowski, Deputy Director Income/Estate Tax Division
    Maine Revenue Services
  • 3:35 PM - 4:25 PM

    Choice of Entity in the TCJA Landscape (Brewer, 10/25)

    Justin Coffin, Financial Advisor
    UBS - Rockland Financial Group

On-line registration is encouraged. Register now
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.

Justin S. Coffin, Financial Advisor – UBS Rockland Financial Group
Daniel P. Doiron, CPA, Principal – Albin Randall & Bennett
Jeff Hiatt, Director of New Business Development, MS Consultants
Stuart Lyons, CPA, MST, MBA, Principal – Baker Newman Noyes
Shawn Savage, Senior Stakeholder Liaison, IRS
Christopher Stevenson, Attorney – Drummond Woodsum Law
Nelson A. Toner, Attorney, Shareholder – Bernstein Shur
Jim Wade, Attorney, The Law Office of J. Wade
Timothy W. Woodhouse, CPA, Attorney – Cribstone Capital Management

 


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