Boston Tax Institute

Slider Image



1.    STRATEGIC TAX PLANNING is a 1-day seminar (8 credits) led by Lucien Gauthier, Esq., CPA. Topics include a detailed discussion of our finest strategic tax planning ideas in areas such as S corporations; sale of a personal goodwill; unreasonable compensation; accumulated earnings; personal service corporations and qualified personal service corporations; methods of accounting; the tax treatment of passive activities for purposes of sections  469 and 1411; deductible interest; independent contractors; discounts in valuing closely-held stock; abatement of taxpayer penalties using First Time Abate Administrative Waiver and U.S. v. Boyle; avoidance of preparer penalties; and much more.  (6/13, 6/22, 8/29 ME)

2.   SPECIAL PROBLEMS OF S CORPORATIONS & NO/LOW WAGES is a 1-day seminar (8 credits) led by Lucien Gauthier, Esq., CPA.  Topics include an analysis of the built-in gains tax including case law developments; a review of final regulations on the definition of passive investment income for purposes of SS 1375 and 1362(d)(3); highlights of recent tax legislation regarding S corporations including a permanent five calendar year waiting period for built-in gains; no/low wages from S corporations; reimbursement of office in the home expenses of employee-shareholders; a reconsideration of C vs. S in light of recent and anticipated tax legislation; a review of issues raised by IRS in recent audits of S corporations by SB/SE and LB&I; and much more.  (6/28, 9/19 ME)

3.    COMPLETE LIQUIDATIONS is a ½ day seminar (4 credits) led by Lucien Gauthier, Esq., CPA.  Topics include the tax treatment at the corporation and shareholder levels of distributions in complete liquidation of S and C corporations under sections 331, 332, 334, 336, 337, and 338: and much more. (6/8 AM)

4.   SALE OF PERSONAL GOODWILL (PGW) AS A TAX PLANNING TOOL is a ½ day seminar (4 credits) led by Lucien Gauthier, Esq., CPA.  Topics include a discussion of decided tax cases involving PGW and the factual prerequisites necessary for its application; the potential application of the concept of PGW in a variety of contexts including the sale of assets by a C corporation; potential applicability of S1411; applicability of Form 8594; possible disclosure of issues on Form 8275 at the corporation and/or shareholder levels; and much more. (6/8 PM)

5.    PURCHASE & SALE OF A CORPORATE BUSINESS is a 1-day seminar (8 credits) led by Lucien Gauthier, Esq., CPA.  Topics include factors to consider in the purchase and sale of a corporate business; the principle methods of disposing of a business; disposition of C/S corporation assets or stock including the sale of S stock to a purchasing corporation which makes a section 338(h)(10) election; tax consequences to buyer/seller; allocation of consideration and information reporting on Form 8594 by buyers and sellers under section 1060; a  review of section 197 on the amortization of intangibles such as goodwill, customer lists, and covenants not to compete; a discussion of the Norwalk, Frontier Chevrolet, Bemidji, Muskat, and Recovery Group, Inc. cases; and much more. (6/14, 6/21, 6/29)


6.    ESTATE & DISTRIBUTION PLANNING FOR RETIREMENT BENEFITS is a 1-day seminar (8 credits) led by Natalie Choate, Esq.  Morning: basics such as minimum distributions, estate planning case studies (minors, special needs, second marriage, “portability”), and naming a trust as beneficiary. Afternoon: special topics such as Roth IRAs, inherited IRAs (including cleanup strategies), charitable giving with benefits, and pre-age 59 1/2 distributions.  Throughout: new developments such as proposals to kill the stretch; growing hazard of alternative investments; aging boomers, and much more. This seminar is specially priced at $240.  (6/2)

7.    BASIC ESTATE PLANNING FOR ACCOUNTANTS & THEIR CLIENTS is a 1-day seminar (8 credits) led by Steven Cohen, Esq.  Topics include the essentials of estate planning for accountants and their clients such as the effect of different forms of property ownership; the probate process and its avoidance; the importance of a proper will; trusts in estate plans, powers of appointment, choice of trustee and the liability which you undertake if you serve as trustee; use of trustee certificates to transfer real estate to a trust; homestead protection; property tax exemptions and trusts; durable powers of attorney; living wills and health care proxies; nominee realty trusts; basic federal and state estate tax planning considerations including the gift tax annual exclusion and marital deduction; changes made by recent tax legislation; and much more.  (6/6)

8.    FORM 706, M-706, & 709 PREPARATION WORKSHOP is a 1-day seminar (8 credits) led by Robert Stewart, Esq.  Preparation of Form 706 includes filing requirements; definition of gross estate; valuation; alternate valuation; property in which the decedent had an interest; transfers with retained life estate; annuities; joint interests; proceeds of life insurance; definition of taxable estate; deductions for expenses, debts, and taxes; marital deduction; and unified credit.  Preparation of Form M-706 includes the basic form and the interrelationship with the federal estate tax return; the use of the 1999 Form 706 in determining the MA estate tax; differences between current and 1999 laws which impact M-706 preparation; uses of certain deductions and elections for MA purposes, such as expense deductions and alternate valuation, when no federal return is required, and lien releases.  Preparation of Form 709 includes filing requirements; the recently revised format of the return; transfers subject to gift tax and the impact of generation skipping taxes; definition of taxable gifts; exclusion; requirement to file new Form 8971; and much more.  (6/8)

9.    CURRENT ESTATE PLANNING TECHNIQUES is a 1-day seminar (8 credits) led by John Discenza, Esq.  Topics include planning for clients with moderate and large estates after the American Taxpayer Relief Act of 2012 including the use of the gift and estate tax marital deductions and two death planning, federal and state; forms of marital deduction including the QTIP trust; life insurance planning including irrevocable insurance trusts; other irrevocable trusts for estate tax savings; gifting techniques including the use of family limited partnerships and nominee trusts for real estate; estate freezing including business freezes, GRITS, GRATS, GRUTS, and personal residence trusts; problems with closely-held businesses, including S corporation stock and QSSTs; disclaimers; planning for the non-citizen spouse; highlights of the new MA Uniform Probate Code; requirement to file new Form 8971; and much more. (6/22)

10.  CURRENT ESTATE PLANNING TECHNIQUES FOR THE MEDIUM AND LARGE ESTATE is a ½ day seminar (4 credits) led by John Discenza, Esq. in W. Springfield. Topics include maximizing federal and Massachusetts estate tax reduction while minimizing dependence upon complicated trust instruments; use of a “hybrid” marital deduction plan with post-mortem elections by surviving spouse; trustee options for both capable and incapable surviving spouses and descendants; reallocation of assets between spouses to prepare for optimizing estate tax reduction; uses for irrevocable trusts in the estate tax reduction framework; techniques to sever the Massachusetts estate tax nexus of clients moving to estate tax free jurisdictions; and much more. (6/26 AM)

11.  BUSINESS SUCCESSION PLANNING is a ½ day seminar (4 credits) led by Jay Pabian, Esq., CPA and Lynn O’Brien, Esq.   More people work for privately-held family-owned businesses than work for publicly traded companies or the government.  Less than 1/3 of these businesses survive their founder.  Half of those that survive fail within ten years of the founder’s death.  Learn how to cure family business mortality.  Some businesses have one owner.  Others have multiple owners.  Some owners have their children actively involved with plans to succeed them. Others do not.  Learn how the conventional wisdom frequently is not the most cost effective or tax efficient way to buy, sell, or transfer ownership or management.  Every purchase and sale has three parties: a buyer, seller, and government.   Similarly, every family transfer also has three parties: a parent, child, and government.  With a well thought out plan, the succession need not  be accomplished on an emergency basis, and the business owner is provided with the opportunity to control the outcome of his or her business.  Jay and Lynn will show you how to maximize the benefits to all of the family members while at the same time minimizing the taxes owed to the government.  They also will help you to motivate your business clients to plan by reviewing some case studies and discussing concepts, strategies, and structures such as buy-sell agreements, stock bonus plans, employee stock ownership plans, and gifting.  (6/9 AM)

12.    LONG TERM CARE (LTC) PLANNING FOR ACCOUNTANTS AND THEIR CLIENTS is a ½ day seminar (4 credits) led by David Keefe, III. Twenty-three percent of LTC is paid for out of pocket at typical costs of $90,000+ per year in MA.  The objectives of this seminar are to obtain a thorough understanding of the topic relative to personal finances and retirement planning decisions – what long term care is, how long it lasts, how much it costs, when government programs (Medicare, Medicaid, VA) pay, and how long term care insurance works; proper LTC insurance policy design, and how policies that  look the same may differ; how to review a policy; how to protect against premium increases, and what to do if this happens; pension protection provisions regarding LTCi; personal and business deductibility; state incentives to purchase LTC insurance; and much  more.  (6/9 PM)

13.  MEDICAID PLANNING FOR ADVISORS AND THEIR CLIENTS is a 1-day seminar (8 credits) led by Steven Cohen, Esq Topics include a detailed analysis of the Medicaid transfer rules; the Division of Medical Assistance’s newest regulations and decisions; how to preserve assets; the risk to the primary residence; the use of trusts – revocable and irrevocable; liens and estate recovery; the basic rules of Medicaid eligibility; strategies for protecting the spouse of a nursing home resident; and trusts for the benefit of disabled children.  The seminar also includes a discussion of Medicare benefits; durable powers of attorney; health care proxies; guardianship; and much more. (6/14)

14.  CREATIVE RETIREMENT PLANS FOR SMALL BUSINESSES is a ½ day seminar (4 credits) led by Larry Starr, FLMI, CLU, CEBS, ChFC, CPC, EA, ATA, QPFC, MBA, an author of the AICPA text The CPA’s Guide to Retirement Plans for Small Businesses and frequent national lecturer and author of many professional journal articles. This is not your same old basic retirement plans course; this is a selected review and discussion of topics in creative plan design for your clients; how you can differentiate yourselves from the usual stuff that is out there.  We’re going to show the creative things that benefit your clients that you did not think you could do (but are completely acceptable if you know how). We are going to destroy some of the prevailing myths that are out there that artificially restrict what you think you can do for your clients.  This is the true (and often misquoted) “thinking outside the nine dots”.  Come and prepare to be challenged in what you think you already know that just is not so! (6/26 PM)

15. TAX PLANNING STRATEGIES FOR RETIREMENT is a 1-day seminar (8 credits) led by Jeffrey West, CFP, MBA.  Topics include how plans work and what best fits employer profiles.  Having the right plan design is key to creating a successful qualified retirement plan.  Plan design strategies to maximize employer contributions while minimizing employee contributions will be explored as well as integrating retirement planning with business continuation and estate planning.  Topics also include qualified plan choices including the latest defined contribution plan changes including cross-tested and hybrid 401(k) plans.  Defined benefit plan designs including the new cash balance defined benefit plans which generally require much smaller contributions for the employees.  Also covered will be S 412(e)(3) defined benefit plans for the successful business owner interested in contributing amounts much larger than traditional defined benefit plan limits.  We also will explore eligibility, participation, vesting, and how to exclude many employees.   Distribution planning will be addressed including investment alternatives which guarantee lifetime retirement income.   401(k) Planning – the list of alternatives available in administration and funding continues to grow, from the basic safe harbor plan to all of the bells and whistles.    (6/13)

16. RETIREMENT PLANS FOR SMALL BUSINESSES is a ½ day seminar (4 credits) led by Jeffrey West, CFP, MBA.  Topics include an overview of the most popular small business retirement plan solutions together with practical real world case studies to help accountants gain a better understanding of which plans are appropriate based on the small business owner’s financial objectives.  Plans to be discussed include SEPs, SIMPLE, Solo K as well as various versions of 401(k), 403(b), Profit Sharing, and Defined Benefit combo plans.  We also will provide a brief overview of some of the new DOL fee disclosure requirements imposed on your clients who sponsor a qualified retirement plan and some best practices for better plan management.  You also will learn about some of the latest investment trends now available in the marketplace; and much more.  (9/20 AM in ME)

17.    CURRENT TAX DEVELOPMENTS / NEW TAX LEGISLATION a 1-day seminar (8 credits) led by Lucien Gauthier, Esq., CPA.  Topics include a discussion of recent Supreme Court, Court of Appeals, Tax Court,  and other important judicial decisions and administrative pronouncements (regulations, revenue rulings, revenue procedures, notices, etc.) on issues such as the permitted use of the cash method; customer deposits; one year spread for taxpayer favorable adjustments; section 481 adjustments; tax year rules for S corporations and PSCs; unreasonable compensation; accumulated earnings; conversion to S; built-in gains; no/low wages from S corporations; reimbursement of office in the home expenses of employee-shareholders; personal goodwill; allocation to and amortization of covenants not to compete; passive activity losses; grouping; real estate professionals; late elections to aggregate; conservation easements; contemporaneous written acknowledgments; qualified residence interest; AMT; the 3.8% tax on NII; IRS audits; backup withholding; section 530 relief; taxpayer penalty relief including First Time Abate Administrative Waiver; preparer penalties; anticipated tax legislation; and much more.  (6/16, 6/26, 6/27, 6/30, 8/30 ME)

18.  GROUPING FOR PURPOSES OF SECTIONS 469 & 1411 is a ½ day seminar (4 credits) led by Lucien Gauthier, Esq., CPA.  The proper grouping of activities can be extremely important for purposes of both sections 469 and 1411 (the 3.8 tax on NII).  Topics include a detailed analysis of the rules for grouping that are contained in Reg. 1.469-4 and all of the judicial decisions and administrative pronouncements involving grouping including: Eugene B. Glick, Stephen A. Gregg, Sidney C. Shaw, Vincent S. Sciabica, Eugene J. Schumacher, Tony R. Carlos, Leroy Candelaria, TAM 200747018, Carlos A. Senra, CCA 201411025, Scott Wesley Williams, Jose A. Lamas, Roy E. Stanley, and TAM 201634022; the application of grouping for purposes of sections 469, 1411 and 1.1411-4(g)(6);  Rev. Proc. 2010-13 regarding the requirement to report new groupings and additions to existing groupings for tax years beginning  on or after 1/25/2010; the difference between grouping under Reg. 1.469-4 and aggregation under Reg. 1.469-9 and a special chart depicting these differences; the use of Form 8275 to disclose issues involving grouping; and much more.  (6/2 AM, 6/7 AM, 6/9 AM, 6/23 AM)

19. TAX TREATMENT OF REAL ESTATE PROFESSIONALS FOR PURPOSES OF SECTIONS 469 & 1411 is a ½ day seminar (4 credits) led by Lucien Gauthier, Esq., CPA. Topics include a detailed analysis of section 469(c)(7), Reg. 1.469-9, and several cases involving the requirements which have to be met in order to qualify as a real estate professional (REP) including a discussion of the election under Reg. 1.469-9(g) to aggregate rental real estate activities and Rev. Proc. 2011-34 that allows this election to be made on an amended return for a prior taxable year and its effect on PAL carryovers and prior and subsequent dispositions of property; the consequences of REP status for purposes of section 1411; and much more.  (6/2 PM, 6/7 PM, 6/9 PM, 6/23 PM)

20.  HOW TO HANDLE AN IRS AUDIT / APPEALS CONFERENCE is a 1-day seminar (8 credits) led by Lucien Gauthier, Esq., CPA.  Topics in the morning include the technical and practical aspects of representing a client on examination including audits under the Service’s MSSP Program and by LB&I; the taxpayer’s objectives in the audit process, tactics in dealing with an examining agent, and strategies for closing the case; technical considerations in handling a case including the burden of proof, applicable statute of limitations, and statutory interest; penalties to avoid in the audit process including the 20% taxpayer accuracy-related penalty, preparer penalties, and violations of Circular 230; how to negotiate a settlement at the agent level; minimizing the risk of audit in filing claims for refund; and techniques for managing tax risk in the planning process.  Topics in the afternoon include factors in determining whether to appeal; how to write a “Protest”; conference procedure in docketed and nondocketed cases; settlement practice and procedure including the types of settlements and the hazards-of-litigation standard.  Various cases will be discussed.   (6/1)

21.  PREPARER PENALTIES / CIRCULAR 230 / FORM 8275 is a ½ day seminar (4 credits on Ethics) led by Lucien Gauthier, Esq., CPA on 6/6 in Marlboro and by David Klemm, Esq., CPA on 6/20 in Waltham.  Topics include a detailed discussion of federal preparer penalties in section 6694(a) and (b) and Final Regs. Sec. 1.6694-1 to 1.6694-4; Disclosure Statement (Form 8275) and Regulation Disclosure Statement (Form 8275-R); rules applicable to practitioner conduct under Circular 230 as promulgated by the Office of Professional Responsibility (OPR); MA preparer penalties (Section 35C); ethics rules promulgated by the MA Board of Public Accountancy governing accounting and tax practice which incorporate the AICPA Rules of Professional Conduct including SSTSs; and much more. This seminar is a must for anybody preparing and signing federal income tax returns!    (6/6 AM, 6/20 AM)

22. TAXPAYER PENALTY RELIEF is a ½ day seminar (4 credits) led by Lucien Gauthier, Esq., CPA.  Topics include a detailed discussion of how to obtain penalty relief for taxpayers using the “advice” exception or the “disability” exception in U.S. v. Robert W. Boyle (Sup. Ct. 01/09/85) as applied in subsequent court decisions such as William O. Harrison, Jr., Estate of Kwang Lee, and Recovery Group, Inc. in the context of the 20% taxpayer accuracy-related penalty under S 6662, the late filing penalty under S 6651(a)(1), and other penalties; the use of the First Time Abate Administrative Waiver to obtain abatement of  late file, late pay, and late deposits penalties; the hierarchy of preparation and advice standards, the use of Form 8275 (Disclosure Statement) to avoid taxpayer and preparer penalties, and taxpayer penalty relief as described in the IRS Penalty Handbook also will be discussed. (6/6 PM, 6/15 PM)

23. OFFERS IN COMPROMISE is a ½ day seminar (4 credits) led by David Klemm, Esq., CPA.  Topics include the IRC provisions dealing with tax collection activities and the Collection division’s procedures; the Service’s Offer and Compromise Handbook; preparation and processing of offers in compromise; installment agreements; innocent spouse provisions including pre-assessment and post-assessment strategies; bankruptcy as a tax planning device; discussion of an actual case through the collection process; and much more.  (6/20 PM)

24. TAX & FINANCIAL ASPECTS OF DIVORCE is a 1-day seminar (8 credits) led by Peter Birkholz, MST.  Topics include an overview of services to provide to the divorcing community as well as an analysis of the statutory provisions and case law with respect to alimony, child support, transfers of property incident to divorce, filing status, dependency exemptions, itemized/standard deduction, earned income credit, child tax credit, education credits, treatment of the principle residence under S 121, home mortgage interest deduction, phantom income from divorce settlements, QDRO’s in qualified plans, and rules on “innocent spouse” relief in section 6015.  Worksheets for the financial aspects of divorce and helpful hints in serving divorcing clients will be discussed.  (6/15)

25.  FINAL REPAIR/CAPITALIZATION/DISPOSITION REGULATIONS is a 1-day seminar (8 credits) led by Peter Birkholz, MST.  The final regulations, promulgated on 09/19/13 and effective for tax years beginning on or after 01/01/14 regarding amounts paid to acquire, produce, or improve tangible property will be examined in detail; examination of the tools available to expense certain building improvement expenditures, determining when it is permissible to expense and when it is not, the ordering rules for which tools precede other tools, and when to elect one of the five safe harbor expense methods after applying the rules requiring capitalization; a list of elections will be provided and explained, as well as  a summary of examples in the crucial area of capitalization (betterments and restorations); penalties for noncompliance and how to avoid them.  The final regulations which were promulgated on 08/18/14 and effective for tax years beginning 01/01/14 regarding the partial disposition election under Section 168 and the methodology for determining the cost associated with a portion of an asset and how to make the election will be discussed; and much more.  (6/8, 6/27, 8/24 ME)

26.  TAX ASPECTS OF ACQUIRING, OPERATING, AND DISPOSING OF A REAL ESTATE INVESTMENT is a ½ day seminar (4 credits) led by Philip Mann, CPA. The overall tax impact of a real estate investment is determined based on the structure of the transaction when the investment is acquired, the utilization of various depreciation methods employed, the amount of expenditures capitalized and expensed over the life of the investment, and finally the strategies used to dispose of an investment.  Tax planning on the initial acquisition of a real estate investment often takes a back seat to financing the transaction but can play as an important a role in the overall economic success of the investment. This seminar will provide an overview to help taxpayers minimize land values and maximize depreciable asset values, analyze what types of deprecation methods can be utilized to minimize income taxes and how to structure the transaction to maximize the current and future tax benefits.  The Path Act has created a myriad of choices for taxpayers to make relating to deprecation including qualified improvement property (QIP), expanded use of code section 179 relating to real property, and bonus depreciation among others. The seminar will sort through the complexities of the Path Act and provide tax saving strategies for the taxpayer.   The final Tangible Property Regulations have and will continue to have a significant tax impact on how taxpayers account for on-going expenditures over the life of the real estate investment. A substantial amount of the seminar will be devoted to the types of expenditures that can be expensed in the year they are incurred and those that need to be capitalized and depreciated. The new de minimis amount of $2,500 provides substantial on-going and future tax benefits, and examples will be provided to help taxpayers maximize the benefits. The seminar also will provide examples of how to properly identify and write-off disposed and replaced assets.  Finally  the seminar will provide various tax strategies to be employed when contemplating the disposal of a real estate investment. Some of the strategies to be discussed will include Section 1031 exchanges, the write-off of disposed assets to avoid depreciation recapture, and planning for stepped-up assets in an estate.   (6/16 PM)

27.  27.  FEDERAL INCOME TAXATION OF REAL ESTATE is a 1-day seminar (8 credits) led by Cory Bilodeau, Esq.  Topics include a discussion about the importance of basis and adjusted basis, holding period, and classification of real estate;  choice of entity for real estate owners, investors and developers and the tax implications of owning real estate in various entity types including LLCs and corporations; special tax issues for real estate including an update on 1031 exchanges and the current trends in exchanging, tax planning for real estate developers in order to achieve long-term capital gain, cancellation of indebtedness, installment sales, and involuntary conversions; investing in real estate through self-directed IRAs; a discussion about the most recent court decisions affecting real estate owners; and other tax topics and planning strategies that are relevant to real estate owners, and much more.  (6/19)

28.  PARTNERSHIPS, PARTNERS & LLCs is a 1-day seminar (8 credits) led by Prof. Joseph Newpol, Esq.  Topics include current developments under Subchapter K; formation of partnerships under S 721; allocation of partnership liabilities under S 752; allocation of profits and losses under S 704 (including allocations under S 704(c) attributable to assets whose values have increased or decreased prior to contribution); taxation under S 707 attributable to partnership payments to partners (including guaranteed payments under S 707(c)); taxation under S 731 attributable to liquidating and non-liquidating distributions by partnerships; taxation under S 736 attributable to partnership distributions to retiring partners or deceased partners; taxation under S 741 attributable to sale of partner’s equity interest in a partnership (including installment sales or situations where the underlying partnership holds hot assets under S 751); and  positive adjustments (if S 754 election is in effect) and negative adjustments (mandatory or if S 754 election is in effect) to inside basis attributable to partnership assets.  Also covered will be current developments regarding LLCs treated as partnerships; check-the-box regulations; self-employment tax imposed upon members of an LLC treated as a partnership; state taxation of multi-member LLCs; automatic classification change to partnership; tax consequences under Rev. Rul. 99-5 if the status of an LLC changes to partnership; elective (Form 8832) classification change to partnership; IRS regulations on treatment of changes in elective entity; mergers of LLC with another  LLC or other entities (corporation, limited partnership and general partnership); conversion (by statute) of LLC into other entities or vice versa; recalculation of values under S 704(c) if an LLC merges into another partnership; pitfalls if an LLC is treated as an S corporation; and more.  (6/21)

29.  BUSINESS VALUATION ISSUES is a ½ day seminar (4 credits) led by Stephen Bravo, ASA, CBA, CPA/ABV/PFS, CFP, MST.  This course will cover valuation issues confronting business appraisers and attorneys relying on appraisers’ financial analysis. A full spectrum of issues will be covered, including but not limited to:  foundational underpinnings of business valuation, how courts interpret and apply standard of value issues to specific fact patterns, proper use of the single year capitalization of cash flows method, proper use of the multi-year discounted cash flows method, understand the equity discount rate – there are currently 20+ ways to compute it – where the data comes from  – what it means – how to use it in equity cash flows – how to use it in invested capital cash flows, understand long term growth  – how it is derived – how it impacts value, learn how future cash flows are present valued, understand the Gordon growth model, learn when and how to use market transactions, learn how publicly traded company market data should be used, when the net asset value method should and should not be used, compute excess working capital and non-operating assets  – that increase values derived from income and market methods, discuss Kessler v. MRI, analyze the Kessler tax metric – learn how some try to circumvent its use, discuss Bernier v. Bernier, discuss other Massachusetts cases, learn more about valuing S corporations – taxable income versus S corporation distributions – how  S corporation distributions affect value depending on if a minority interest or control interest is being valued, discuss Massachusetts double dip cases – and their implications in settlement discussions, interactive Q&A, and lots of take-home material for future use.  (6/8 AM)

30. THE IC-DISC AND HOW IT APPLIES TO MANY OF YOUR CLIENTS is a ½ day seminar (4 credits) led by Paul Ferreira, CPA who manages 100+ IC-DISCs.  Topics include the legislative history of the IC-DISC; IRS requirements to be treated as an IC-DISC; the implementation and corporate structuring of the IC-DISC; calculation of the lucrative federal income tax savings; methods available to calculate the federal income tax savings including marginal costing and the special no-loss rules; filing requirements; sales and services that qualify for the IC-DISC that many practitioners overlook; time to ask questions about how the IC-DISC can apply to your specific clients; and much more.  (6/5 AM)

31.    FEDERAL & STATE R & D CREDITS is a ½ day seminar (4 credits) led by partners from Tax Point Advisors, Inc.  Topics include the significant changes to the Federal R&D program enacted into law in December, 2015 and earlier in the year.  An important 2016 change to the MA state credit also will be presented.  The Federal changes include making the credit a permanent part of the tax code, a permanent offset to alternative minimum tax for certain taxpayers, and enactment of a brand new payroll tax offset for certain taxpayers.  The qualification requirements for these new provisions will be discussed, as well the mechanics of applying them to taxpayers’ returns.  Dozens of industries which previously did not qualify for R&D credits can now file for these tax benefits, and this seminar pays special attention to small and mid-size companies across a wide range of qualifying industries, examining how and why these companies now can qualify, as well as the credit calculation, typical credit results, the R&D tax credit study process, and also the most current audit issues and areas of IRS focus in R&D examinations.  (6/5 PM)

32.  ACCOUNTING AND TAX ASPECTS OF CONDOMINIMUMS is a ½ day seminar (4 credits) led by Thomas Foley II, CPA, MBA.  Topics include a general overview of current financial statement presentation and form including required reporting for major repairs and replacements together with Massachusetts General Law section 183A reporting requirements for condominiums organized in Massachusetts; and a general discussion of income taxation of condominiums which will include a comparison of using Form 1120 versus Form 1120-H.  (6/08 PM)

33. SECTION 338(h)(10) & S CORPORATIONS is a ½ day seminar (4 credits) led by Damien Falato, CPA, MST focusing on IRC 338(h)(10) elections, with an emphasis on S corporations.  Topics include a basic overview of the election, reasons to and not to elect, what transactions qualify for the election, treatment of specific asset types and liabilities, treatment of built-in-gain, installment sales, and non-participating owners, compliance requirements, when to utilize the parallel IRC section 336 rules, and state specific issues for multi-state filings.  (6/16 AM)

34.  FBAR (FINCEN 114) & FATCA (FORM 8938) is a ½ day seminar (4 credits) led by Kenneth Vacovec, Esq.  Topics include a detailed discussion of the requirements to file FinCen 114 with respect to certain foreign financial accounts and the harsh penalties for failing to do so, including a discussion of recent cases; the requirements to report specified foreign financial assets on Form 8938 as required by section 6038D and applicable regulations including a discussion of penalties and interpretive issues such as whether real estate which is located in a foreign country is a specified foreign financial asset; reporting retirement plans that are located outside of the U.S.; and much more.  (6/6 AM)

35. PASSIVE FOREIGN INVESTMENT COMPANIES (PFICs) is a ½ day seminar (4 credits) led by Kenneth Vacovec, Esq.  Topics include an overview of the PFIC rules; determining PFIC status; PFIC stock ownership and attribution rules; the excess distribution regime; making the QEF election; income inclusions under the QEF regime; deferral of tax payments; the mark-to-market election; purging the PFIC taint, with a special emphasis on the PFIC distribution calculation; reporting on Form 8621 and the instructions; the treatment of PFICs under Regs. 1.1411-10 after 12/31/12 for purposes of the 3.8% tax on net investment income; and much more.  (6/6 PM)

36.  INTERNATIONAL CORPORATE TAX COMPLIANCE is a 1-day seminar (8 credits) led by Kenneth Vacovec, Esq.  Topics include the proper preparation of Forms 926-transfers to foreign corporations, 1118-foreign tax credit, 1120F-foreign corporation income tax return,  5471-US owned foreign corporation, 5472-foreign owned US corporation, 8621-passive foreign investment company (PFIC), 8802-residency certificate, 8832-entity classification, 8865-US owned foreign partnership, 8938-specified foreign asset entity reporting, 1042/1042S-US tax withholding, W-8BEN-treaty benefit claim, W-8IMY-flow-through/branch withholding, W-8ECI-effectively connected income, Foreign Bank Account Reporting (FBAR); and more. The seminar also will include a discussion of tax issues related to corporations operating internationally: source of income, residence of the business entity, foreign tax credits; controlled foreign corporations and subpart F income, tax treaties, and related topics.  (6/21)

37. CHANGING DOMICILE FOR MA INCOME & ESTATE TAX PURPOSES is a ½ day seminar (4 credits) led by Philip Dardeno, CPA, MST.  Topics include a discussion of the law of Domicile and the state tax benefits and risks associated with changing domicile; the indicia of domicile; the difference between domicile and residence; the 183 day rule in MA; a discussion of recent domicile cases; the audit process involving domicile; appealing an adverse domicile determination; and much more. (6/12 AM)

38.    MASSACHUSETTS SALES & USE TAXATION is a ½ day seminar (4 credits) led by Philip Dardeno, CPA, MST.  Topics include an in-depth analysis of the MA sales/use tax including the concepts of sale, sale at retail, sale price, tangible personal property, telecommunication services, purchaser, vendor, and engaged in business in MA; applicable exemptions including non-profits, sales for resale, manufacturing, R & D, and casual sales and other exemptions; sales/use taxation of E-Commerce; out-of-state contractor rules; responsible person rules; revised small business sales tax exemption for energy purchases; downloaded software rules; incentives for the motion picture industry; MA adoption of the Sales and Use Tax Administration Act; and much more.  (6/12 PM)

39.  MASSACHUSETTS TAXES IN REVIEW is a 1-day seminar (8 credits) led by Philip Dardeno, CPA, MST.  Topics include a review of newly enacted tax legislation (corporate tax reform provisions including unitary combined reporting for multistate corporations and changes to the business entity classification rules); recent judicial decisions; recent administrative pronouncements including DOR’s non-resident income tax regulation; a thorough review of Massachusetts tax practice and procedure including audit, assessment, abatement and appeal (including dispute resolution) and collection (liens, levies, seizures, and offers in compromise); and much more.   (6/20)

40.  MULTISTATE TAXATION is a 1-day seminar (8 credits) led by Inez Mello, CPA, MBA.  Topics include Part 1:  The Changing Face of Nexus: Public Law 86-272 determines when a multi-state business is subject to state income taxes.  When the law does not apply, states have taken various actions to fill the void such as: adopt a “doing business” standard for determining whether in-state activities create nexus for income tax purposes (regardless of a physical presence); adopt “economic nexus” standards based on the amount of income or sales derived from sources within the state; adopt “factor presence” standards, under which income tax nexus exists if in-state sales exceed a specified threshold; taxes NOT affected by Public Law 86-272: franchise taxes, net worth taxes, gross receipt taxes, sales taxes (i.e. those taxes that are classified as non-net income taxes). Part 2: Multistate Apportionment: RI Legislation enacted in June 2014 established; mandatory unitary combined reporting; single sales factor apportionment; market-based sourcing for tax years beginning on or after January 1, 2015; attendees will gain an understanding of how sales must be apportioned to the states; market-based sourcing vs. cost-of-performance; in-depth discussion of UDITPA; explain how business income is apportioned among the states; discuss how non-business income is allocated among the states; throwback sales vs. throw-out sales.  (6/9, 6/16, 6/23, 8/23 ME)

41. NEXUS, MARKET-BASED SOURCING & COMBINED REPORTING is a 1-day seminar (8 credits) led by Maurice Gilbert, CPA, MST. The morning session addresses Nexus and Market-Based Sourcing for Sales Apportionment.  Approximately 40 states have moved from the physical presence standard they previously applied to determine income tax nexus creating a need to re-examine a business’ filing requirements in any state where the business has some activity.  These states have adopted some form of an economic presence standard in the income tax area while maintaining a physical presence standard for purposes of sales & use taxes.  To add to the complexity for filing state income taxes, 16 states changed their apportionment sourcing rules in the area of sales, other than the sale of tangible personal property – a trend that will likely continue.  The requirements in both the nexus standard and the sourcing rules are not consistent among the states creating planning opportunities and pitfalls for taxpayers.  Our seminar will address these trends and analyze where the requirements fall within the New England States.   Combined reporting for unitary businesses is the topic during the afternoon session.   New Hampshire’s combined reporting for unitary businesses is mandatory for purposes of the Business Profits Tax and applies to proprietorships, partnerships, single-member and multi-member limited liability companies, trusts and corporations conducting business activity within New Hampshire.  Issues to be addressed include New Hampshire’s unique application of the concept to incorporated and unincorporated businesses; the multi-state nexus requirement; the composition of the water’s edge group; the ownership, unity of use & unity of operation requirements; a review of the required tax form and potential planning opportunities.   (6/14)

42. NEW HAMPSHIRE TAXATION OF BUSINESSES AND THEIR OWNERS is a 1-day seminar (8 credits) led by Maurice Gilbert, CPA, MST. Topics include the three major taxes affecting businesses and their owners in NH: the Business Enterprise Tax (BET), the Business Profits Tax (BPT), and the Interest & Dividends Tax (I&D). Topics involving the BET will include an overview of the components of the enterprise value tax base and the apportionment provisions for the BET. With respect to the BPT, topics include the nexus standard, definitions of business organization and business activity, the additions and deductions to federal taxable income including a brief overview of reasonable compensation and the combined reporting requirements for unitary businesses (our instructors offer two separate ½ day seminars which examine in detail the NH Compensation Deduction and the combined reporting requirements). The I & D segment of the seminar will include a review of the provisions relating to distributions from partnerships and limited liability companies and the importance of the definition of “transferrable interests” in determining the taxability of distributions.  Statutory conversions of corporations to limited liability companies and changes to the statute regarding the elimination of trust as taxpayers and trust distributions from the definition of dividend provide planning opportunities. The seminar also will discuss the status of any 2017 NH tax changes that may impact businesses and their owners.    (6/20)


43. 2017 FASB / SSARS & SAS UPDATE & REVIEW is a 1-day seminar (8 credits including 2 credits on Ethics) led by Steven Fustolo, CPA on 6/6 in Wakefield, 6/7 in Waltham, and 9/21 in Portland, ME; and by Prof. John Armstrong, CPA on 6/1 in W. Springfield, 6/15 in Randolph, and on 6/22 in Marlboro. Topics include new SSARS No. 22 and 23, a review of implementation issues relating to SSARS No. 21 standard, ASU 2016-02 – new lease standard, ASU 2016-01 – new financial instruments standards, new credit losses standard,  Amendments to the new revenue standard including gross v. net presentation, GAAP changes to inventory valuation, presentation of deferred income taxes, review of recent changes to going concern, fraud update, private company changes, auditing standards update, and much more. If you register for this seminar, please add $36 to your registration fee to cover the extra cost of the FASB manual.  Qualifies for the 80 hour requirement for Yellow Book.  (6/1, 6/6, 6/7, 6/15, 6/22, 9/21 ME)

44.    ADVANCED ISSUES – COMPILATION & REVIEW is a 1-day seminar (8 credits) led by Prof. John Armstrong, CPA. This seminar focuses on when to issue a compilation or review report.  Topics include differentiating between a trial balance and a financial statement, reporting on tax returns used as financial statements, reporting on financial statements generated as a result of write-up work,  “plain” paper financial statements, and recent developments in compilation and review including the recent Compilation and Review Alerts; the discussion also will include modifications to the standard report because of departures from GAAP, accounting changes, and going concern and scope limitations; reporting on OCBOA and personal financial statements will be reviewed; and much more.  If you register for this seminar, please add $36 to your registration fee to cover the extra cost of the extensive manual.  Qualifies for the 80 hour requirement for Yellow Book. (6/27)

45. ACCOUNTING ETHICS is a ½ day seminar (4 credits on Ethics) led by Michael Pakaluk, Ph.D., author of the widely-used textbook Accounting Ethics, Senior Research Consultant for Audit Analytics, and Professor of Ethics at the Busch School of Business and Economics at The Catholic University of America in Washington, DC.  What are most important considerations of accounting ethics, especially for someone in private practice, practicing in a small firm or as a sole proprietor?  The seminar answers that question by focusing each year on a different special topic.  After reviewing the AICPA Code of Professional Conduct, we will look at both a high-profile case from 2014 involving a public company and cases taken from private practice.  The seminar is a good mix of the conceptual and the concrete.  Vigorous discussion is encouraged and fostered.  This seminar received rave reviews in 2016!   (6/19 AM, 6/20 AM, 6/21 AM, 6/22 AM, 6/23 AM)

46. IMPLEMENTATION OF THE NEW FEDERAL UNIFORM GUIDANCE FOR NFPs (Financial Reporting for Not for Profits in Accordance with Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance)) is a 1-day seminar (8 credits) led by Nancy E. Kelly, CPA, MST who specializes in the NFP area.  Topics include an overview of the compliance requirements and an analysis of all of the changes so that by the end of the day you will be able to efficiently implement these changes and understand the challenges and reporting required by these new standards.  Case studies and examples of updated audit reports will be provided.  This seminar qualifies for 8 credit hours of instruction on yellow book. (6/26)


47. SOCIAL SECURITY is a ½ day seminar (4 credits) led by Daniel Moraski on 6/19 in W. Springfield and 6/20 in Marlboro and by Robert Clark on 6/21 in Wakefield, 6/22 in Randolph, 6/23 in Waltham and 9/20 in Portland, ME.  Daniel Moraski and Robert Clark were formerly with the Social Security Administration in N.E.  Topics include a detailed explanation of Social Security’s retirement, survivor, and disability programs; how benefits are computed; when someone can begin to collect; the impact of work in retirement; the components of Medicare; how the receipt of a public pension from MA will impact one’s eligibility for benefits; strategies for maximizing’s one’s Social Security benefits; and much more.   This seminar received rave reviews in 2016!    (6/19 PM, 6/20 PM, 6/21 PM, 6/22 PM, 6/23 PM, 9/20 PM in ME)

48. STRATEGIES FOR COLLEGE is a 1-day seminar (8 credits) led by Todd Weaver of Strategies For College, Inc.  Topics include the college financial aid eligibility formulas, how to determine eligibility for both federal and institutional financial aid, and how to strategize with clients about college costs and planning.  Special attention will be devoted to qualifying for non-need based aid (merit scholarships).  The seminar also is suitable for those practitioners who will have children of their own entering college within the next five years.  The seminar utilizes multiple case studies that model a range of incomes and net worth and how they are interpreted by the financial aid system.  Each participant will receive one month’s access to cloud-based software and other proprietary content for personal use.  (6/14, 8/31 in ME)

49.  FEDERAL & MA EMPLOYMENT RULES FOR SMALL BUSINESSES is a ½ day seminar (4 credits) led by Julie Carroll, HR Director at Total HR Solutions.  Don’t miss out!!  Topics include FMLA, Small Necessity Leave, and Earned Sick time.  Does your business need to comply?  This ½ day workshop includes an overview of what rules a Small Business in Massachusetts (under 50) needs to comply with.  A Review of Federal and State Wage laws, Leave laws, Accommodations, and ADA are just a few of the topics to be discussed. The Workshop will include a complete guide of regulations as well.  (6/15 AM)

WordPress theme by Slocum Design Studio