During this session, you’ll learn best practices for a CPA’s participation in Appellate Tax Board (ATB) litigation, examine the ATB’s mediation program and small claims procedure, receive an overview of recent ATB and appellate court decisions and more.
The past year produced two "once in a generation" changes to state and local taxes – federal tax reform and a repudiation of 50 years of Supreme Court jurisprudence regarding state tax jurisdiction. We’ll discuss how states are responding and more importantly, how they should respond. This panel will roam the sizzling state tax landscape discussing topics such as the state taxation of Global Intangible Low Taxed Income (GILTI), the ascendancy of economic nexus, the future of the Streamlined Sales and Use Tax Agreement (SSUTA) and sales tax simplification, the potential divergence of federal and state income tax approaches and the bright and dark side to state fiscal outlooks.
Cryptocurrencies and blockchain technology continue to be a global phenomenon. While many regulators, governments, banks and many companies are aware of its importance and impact, some are still getting up to speed. There are currently over 1,600 types of cryptocurrencies today which are built using blockchain technology. Having a high-level understanding will help guide practitioners through this changing business landscape and address the questions and concerns of their clients. By attending this session, attendees will gain:
One of the primary goals of the 2017 Tax Act was to reward business owners operating as pass-through entities with a 20% deduction. The resulting new code section, 199A, is complex with definitions and hurdles that must be navigated. Last month, the IRS released proposed regulations to clarify both the application and the implementation of 199A. This seminar will discuss the new regulations and provide an in-depth look at the elements of 199A, including the calculation of Qualified Business Income, the limitations based on the entity's W-2 wages and qualified property, the exclusion for specified service trades or businesses, the income restrictions and more!
Recent legislation permitting medical and recreational cannabis use in Massachusetts creates economic and business opportunities, as well as strict regulatory governance for this emerging industry. What are the tax implications on a marijuana business that is legal in the Commonwealth of Massachusetts, but illegal under federal law? This session will provide an overview of Massachusetts cannabis law and state and federal tax issues. We will also explore the considerations for organizations converting from nonprofit to for-profit entities, examine ways in which state taxes vary for medical and recreational marijuana businesses and review the tax repercussions for businesses under Section 280E of the Internal Revenue Code.
This seminar will discuss the use of various depreciation strategies that can be implemented using provisions enacted with the Tax Cuts and Jobs Act, including 100% bonus depreciation, the expanded 179 expensing election, qualified business income deduction and the interest expense deduction limitation. In addition, the seminar will review the differences in federal and Massachusetts depreciation deductions and their potential impact on tax planning decisions. It will also provide in-depth examples of various tax strategies from the date an asset is acquired to renovations or additions made to the asset to the ultimate disposal of the asset, and also focus on how the capitalization rules from the Tangible Property Regulations are impacted by the Tax Cuts and Jobs Act in 2018.
This conference qualifies for the Workforce Training Express Fund program. The course code for this program is 1118107
Click here for more details: https://www.mscpaonline.org/cpe/training_fund
Steve is a director at McLane Middleton where he has been a member of its Tax, Trusts & Estates and Corporate Departments for over 25 years. Using his expertise as a licensed CPA as well as an attorney, Steve advises high net worth individuals, families and fiduciaries on estate and income tax planning and administration, and wealth preservation strategies. Steve also serves as Trustee of many significant family trusts; working closely with beneficiaries, family offices, and advisors regarding fiduciary, legal, tax and trust administration issues.
Steve also serves as counsel for the boards of significant charitable, educational and tax-exempt institutions, offering advice on fiduciary, governance and tax matters. He represents individuals and businesses before the IRS as well as the New Hampshire and Massachusetts Department of Revenue agencies and has assisted clients in obtaining administrative rulings from those taxing authorities. He has also served as counsel in all aspects of ESOP transactions including representing companies, fiduciaries, and sellers in ESOP-related matters. Steve also advises business owners on entity creation, governance, business succession, and transaction structuring issues.
Joe Crosby is a principal with MultiState Associates, the nation’s leading state and local government relations consultant. He is involved in all aspects of the firm’s efforts to help clients resolve the challenges they face in the state and local government arena, with a concentration on providing strategic counsel, identifying and deploying political assets and advancing tax policy objectives.
Mark DeFrancisco is chief counsel of the Massachusetts Appellate Tax Board. He has nearly 30 years of experience in the area of state and local taxation, in both the public sector as Counsel to the Board and in private practice as a state and local tax litigator.
Karl Frieden is the Vice President/General Counsel of the Council On State Taxation (COST). Karl’s responsibilities at COST include writing amicus briefs for cases at state Supreme Courts and the U.S. Supreme Court; working on state and local tax-related legislation with State Legislatures; developing research studies for COST’s State Tax Research Institute; and speaking at state tax forums throughout the U.S. Prior to joining COST, Karl was a tax partner with Ernst & Young and before that a tax partner with Arthur Andersen. Earlier in his career, he was the Deputy General Counsel of the Massachusetts Department of Revenue. Karl has had extensive experience with most types of state and local taxes and with global indirect taxes including VAT and withholding taxes. Karl has spoken on state and local and global indirect tax issues at business, government and tax policy forums in the US, Europe and Asia. He has testified before state legislatures and the US Congress on state tax policy issues. Karl is an Adjunct Professor of Law at the Georgetown University Law Center where he co-teaches a course on “State and Local Taxes: U.S. Subnational Taxation of Multijurisdictional Entities. He is the author of numerous articles on state and local taxation; and wrote the book, Cybertaxation: The Taxation of E-Commerce (CCH 2000) – the first comprehensive book written on the taxation of the digital economy.
Richard Hindlian is a shareholder in the Boston law firm of Davis, Malm & D’Agostine, P.C., practicing in the tax and business law areas. He has over 45 years of experience counseling on tax controversies, international and domestic tax planning and employee benefit plans. Hindlian routinely represents publicly-held and private corporations, banks, individuals, nonprofit organizations and other entities in matters involving mergers and acquisitions, public and private offerings of debt and equity securities, venture capital financings, leveraged buyouts, ESOPs and other qualified plans, leasing transactions, tax litigation, estate tax planning and foreign investments made in the U.S. and overseas.
Andrew Myers is a shareholder in the Boston law firm of Davis, Malm & D’Agostine, P.C., practicing in the business law area. For over 25 years, he has represented emerging businesses in corporate, finance and security matters, including mergers and acquisitions, public and private financings, venture capital transactions and joint ventures. His clients operate in a wide range of industries including cannabis, software, advanced materials, medical devices, manufacturing, computer peripherals, internet commerce, consumer products, service industries, distribution, entertainment and more.
David Nagle is a partner in the Tax Department of the Boston office of Sullivan & Worcester. His practice
involves both transactional tax planning and representing taxpayers in disputes before the Internal Revenue Service (IRS) and the Massachusetts Department of Revenue (DOR).
Audrey Young is Of Counsel with the Trusts & Estates Group at McLane Middleton. She concentrates her practice on estate planning, representing business owners, family offices and corporate fiduciaries. She counsels business owners on tax, retirement and succession planning as well as trust and estate administration. Audrey also works with foundations and other charitable organizations on tax and administration matters. Audrey formerly worked as the Washington National Tax Director for private client services at an international accounting firm and at an AM 100 law firm.
A frequent lecturer and author on a variety of estate planning and trust administration topics, Audrey has spoken at dozens of estate planning and tax conferences and seminars. Her articles have appeared in several estate planning magazines and tax journals. One of her articles was cited by the United States Supreme Court in 2014.