Tax Conference Livestream (Both Days)

Tax Conference Livestream (Both Days)

Tax Conference Livestream (Both Days)

Overview

Your Source For Key Updates & Insights on Timely Issues

Attend this year's information-packed two-day Tax Conference to hear from top experts about the latest updates and pressing issues involving federal and Wisconsin tax, the Wisconsin Department of Revenue, the sunset of the Tax Cuts & Jobs Act, BOI requirements, tax practice and procedure and ethics, when a foreign business is subject to U.S. tax, buy-sell agreements for closely held businesses and avoiding the new Connelly Trap, S corporations, ERC developments, partnership flexibility in equity incentive arrangements, ethical implications of AI for tax practitioners, multistate sales tax compliance, the new Wisconsin Trust Code Trailer Bill, Wisconsin's 529 College Savings Plans, and more.

Who Should Attend

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

In-Person Option

For those looking to attend the conference in-person, including the choice for breakout sessions, this year's conference will be held at the Brookfield Conference Center. The registration page and more details for attending in person is available here.

14.9 CPE Credits

Registration

Registration is open through 11/11.

Member Price

$469

Nonmember Price

$569

Student Price

$50

Monday, November 11 - Tuesday, November 12

8:00am Monday to 5:00pm Tuesday (Check-In 8:00am)

Add to Calendar

Online

Agenda

Monday, Nov 11th

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

8:15AM TO 9:45AM / General Session

Douglas Van Der Aa, President, Van Der Aa Tax Ed, LLC

Even with a divided Congress, federal tax law continues to change every year! During this session, we will address the hottest legislative, judicial and IRS developments impacting practitioners during the upcoming filing season, including cryptocurrency, Form 1099-K, research and experimentation costs and interest expense. It's also time to look at "Taxmageddon" - the impending expiration of the TCJA and post-election tax strategy.

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10:00AM TO 11:30AM / General Session

Douglas Van Der Aa, President, Van Der Aa Tax Ed, LLC

Opening session continued.

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12:45PM TO 1:45PM / General Session

Session will be determined from one of the following, based on the number of in-person attendee registrations for this breakout session timeframe:

A Practical Guide to Determining When a Foreign Business is Subject to US Tax
The United States Code taxes a foreign business that has a trade or business in the U.S. a low level of economic penetration, whereas tax treaties only tax a foreign business that has a permanent establishment in the U.S. a much higher level of economic penetration. This session will provide practical examples that will differentiate between the two standards and provide a framework for analyzing situations your foreign clients may encounter.

Designing Buy-Sell Agreements for Closely Held Businesses & Avoiding the New Connelly Trap
Attend this session for a discussion about what should be included in well-designed buy-sell agreements for closely held businesses to avoid unintended tax consequences, what is needed to try to have the buy-sell agreement set the estate tax value of the business, the new trap created by the Supreme Court in its 2024 Connelly decision for insured redemption agreements, and the use of a life insurance LLC to fund a cross-purchase agreement.

S Corporation Hot Topics
This relevant and insightful session will focus on the latest developments and tax issues impacting S corporations, including topics that tax practitioners should beware of in dealing with S corporations and their shareholders. Several tax planning strategies will also be covered, as well as some tax traps to avoid.

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2:00PM TO 3:00PM / General Session

Joseph Boucher, Shareholder, Neider & Boucher, S.C.

Jeffrey Kowieski, Risk Management Partner & General Counsel, Wipfli LLP

Christopher Olson, Shareholder, KerberRose S.C.

Peter Soukenik, Associate Attorney, Reinhart Boerner Van Deuren s.c.

Matthew Whalen, Vice President and Director of Taxation, Northland CPAs, S.C.

A panel of CPAs and attorneys will discuss Beneficial Ownership Information (BOI) reporting requirements and their firm's process and decision of how to best assist their clients.

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3:10PM TO 4:00PM / General Session

Session will be determined from one of the following, based on the number of in-person attendee registrations for this breakout session timeframe:

ERC Update: Current Developments in Uncharted Waters
As a constantly evolving topic, the Employee Retention Credit (ERC) can present challenges in a variety of tax practice areas. With a focus specifically on recent IRS enforcement and controversy developments, as well as best practices for dealing with ERC issues in other settings, this session will include a timely discussion of ERC issues and the most recent developments in the ERC space that tax practitioners need to be aware of.

Partnership Flexibility in Equity Incentive Arrangements
This session will cover various strategies that entities taxed as a partnership use to incentivize key service providers as well as provide guidance on how such incentive equity should be reported on the partnership tax return.

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4:10PM TO 5:00PM / General Session

Michael Goller, Shareholder & Tax Department Chair, Reinhart Boerner Van Deuren s.c.

This session will include a discussion of timely tax and ethics issues that the tax practitioner needs to be made aware of, particularly given the massive increase in IRS funding and the expected increase in IRS and Wisconsin Department of Revenue scrutiny on taxpayers of all sizes. It will provide an update on "hot" IRS and Wisconsin Department of Revenue practice and procedure and ethics issues, along with the blunders and mistakes practitioners should avoid.

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Tuesday, Nov 12th

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

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

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.

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

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.

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11:00AM TO 12:00PM / General Session

Session will be determined from one of the following, based on the number of in-person attendee registrations for this breakout session timeframe:

Ethics in the Digital Age: Ethical Implications of the Use of AI for the Tax Practitioner
Hear about a variety of scenarios concerning the use of artificial intelligence (AI) and its ethical implications for tax professionals, including lawyers and CPAs.

Multistate Sales Tax Compliance: How Streamlined Sales Tax Helps!
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.

Wisconsin Trust Code Trailer Bill
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 / General Session

Session will be determined from one of the following, based on the number of in-person attendee registrations for this breakout session timeframe:

Estate Planning in a "Higher" Interest Rate Environment
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.

Tax Effects of Partnership Interest Transactions
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.

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

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.

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3:45PM TO 3:50PM / General Session

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