Tax Conference (Day 2 Only)

Overview

Your Source For Key Updates & Insights on Timely Issues

Attend this year's Tax Conference to hear from top experts about the latest updates and pressing issues involving Wisconsin tax, Wisconsin Department of Revenue, ethical implications of AI for tax practitioners, multistate sales tax compliance, the new Wisconsin Trust Code Trailer Bill, Wisconsin's 529 College Savings Plans, estate planning, sunset of the Tax Cuts & Jobs Act, and more.

Who Should Attend

Tax professionals, practicing attorneys, corporate counsel, and business and financial managers will greatly benefit by attending.

Overnight Accommodations

A block of rooms has been reserved for the evenings of Sunday, Nov. 10 and Monday, Nov. 11, at the Hilton Garden Inn in Brookfield (attached to the Brookfield Conference Center). To reserve a room in the block, please call 877-782-9444 and mention the WICPA Tax Conference.

Online Option

For those unable to attend the conference in person, another option is available! This year's conference will be streamed live, including all of the general sessions and the most popular breakout session! The registration page and more details for attending via WICPA CPE Livestream is available here.

6.7 CPE Credits

Registration

Registration is open through 11/12.

Member Price

$369

Nonmember Price

$469

Student Price

$30

Tuesday, November 12

8:00am to 3:45pm (Check-In 7:00am)

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Brookfield Conference Center

325 S Moorland Rd
Brookfield, WI 53005

Map and Directions

Agenda

Tuesday, Nov 12th

7:00AM TO 8:00AM / General Session

This is a general session

Registration & Networking

8:00AM TO 8:15AM / General Session

This is a general session

Welcome & Opening Remarks

8:15AM TO 9:20AM / General Session

This is a general session

Wisconsin Tax Update

Kristina Somers, Shareholder, Reinhart Boerner Van Deuren s.c.

Find out about the latest updates on Wisconsin case law and legislative and administrative developments that have occurred in the past year.

9:40AM TO 10:40AM / General Session

This is a general session

Wisconsin Department of Revenue Income, Sales & Excise Tax Update

Nathaniel Weber, Director, Office of Technical Services, Wisconsin Department of Revenue

This session will include a summary of new Wisconsin tax laws, changes to 2024 Wisconsin tax returns, updates on Department of Revenue administrative and procedural initiatives affecting tax practitioners, and various other topics.

11:00AM TO 12:00PM / Breakout Sessions

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Ethics in the Digital Age: Ethical Implications of the Use of AI for the Tax Practitioner

Eric Pearson, Partner, Foley & Lardner LLP

Hear about a variety of scenarios concerning the use of artificial intelligence (AI) and its ethical implications for tax professionals, including lawyers and CPAs.

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Choose this session

Multistate Sales Tax Compliance: How Streamlined Sales Tax Helps!

Craig Johnson, Executive Director, Streamlined Sales Tax Governing Board

Learn about the Streamlined Sales Tax Project and what Streamlined has done - and is continuing to do - to simplify multistate sales tax compliance. Even though the Supreme Court decision in South Dakota v. Wayfair was handed down over six years ago, states continue to find remote sellers - maybe even some of you and your clients - that are unaware of their sales tax collection and remittance obligations.

This session will also include an update on recent amendments to the Streamlined Sales and Use Tax Agreement, a discussion of some of the projects Streamlined is currently working on, and an opportunity to suggest additional areas of simplification and uniformity that the Streamlined Sales Tax Governing Board should address moving forward.

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Wisconsin Trust Code Trailer Bill

Victor Schultz, President & Chief Fiduciary Officer, Prairie Financial Group, a division of Waukesha State Bank

On March 23, 2024, the Wisconsin Trust Code Trailer Bill became effective and applies to all existing trusts as well as newly created trusts. This new law:

Changes how you determine who is a qualified beneficiary
Updates methods to modify or terminate an irrevocable trust
Expands the classes of persons who can represent the interests of a trust beneficiary
Changes the rules on the trustee's duty to inform and report, including the authorization of "silent trusts"
Specifies how debts of a decedent are handled by the trustee of the decedent's revocable trust

Attend this session to hear directly from one of the main drafters of Wisconsin's laws on trusts about these changes and what other changes might be coming.

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1:00PM TO 2:00PM / Breakout Sessions

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Estate Planning in a "Higher" Interest Rate Environment

Joseph Bukowski, Associate Attorney, Michael Best & Friedrich LLP

Bradley Kalscheur, Partner & Sub-Group Leader, Michael Best & Friedrich LLP

For the last 17 years, we've been operating with IRS interest rates under 5%, but in the last two years, those rates have risen. This session will be a refresher on estate planning techniques that work better in higher interest rates environments, including charitable remainder trusts and qualified personal residence trusts.

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Tax Effects of Partnership Interest Transactions

John Sikora, Shareholder, von Briesen & Roper, s.c.

Transactions involving interests in entities treated as partnerships for income tax purposes are common. This session will address acquisitions and transfers of such interests, mergers involving such entities, liquidations of such entities, and other transactions.

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Wisconsin's 529 College Savings Plans: Basics, Benefits & Tax Enhancements

Khaleel Ali, Senior Education Savings Consultant, TIAA Financial Services Madison

Jessica Wetzel, Director, Wisconsin Department of Financial Institutions

529 college savings plans offer a tax-advantaged way for individuals and families to save for future education and career training expenses. Attend this session to receive an overview of 529 college savings plans, learn about the specific benefits of saving with one of Wisconsin's 529 plans - Edvest 529 (direct-sold) and Tomorrow's Scholar (advisor-sold) - and find out about recent state and federal tax changes that make saving with these plans even more compelling.

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2:15PM TO 3:45PM / General Session

This is a general session

Sunset of the Tax Cuts & Jobs Act

Robert Keebler, Partner, Keebler & Associates LLP

Sunset of the Tax Cuts and Jobs Act signifies a significant turning point. Planning for it several years in advance is critical. The rewards for thinking ahead are enormous, as are the consequences of failing to. Moreover, as with many tax provisions, sunset is likely to spur Congress to act. By examining the challenges and economic impact of sunset, we can better understand what tax reforms might occur in 2025.