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Thursday, September 26, 2019 LiveMonmouth/Ocean Chapter

Exit Planning for Business Owners/Cryptocurrency Overview (E1909639)

8:30 AM - 11:30 AM EDT

Registration: 8:00 AM EDT

Jumping Brook Country Club

210 Jumping Brook Road
Neptune , NJ 07753

3 CPE Credits in TX

OVERVIEW

In this meeting, learn the role of the CPA in the creation of a successful exit plan for your client's company. Additionally, hear information on the new IRS focus on cryptocurrency. Rapid growth of a new exchange medium has caught the IRS' attention; hear what options exist for the noncompliant cryptocurrency owner.

BENEFITS

Earn 3 CPE credits TX.

HIGHLIGHTS

Exit Planning for Business Owners
Michael Ringel, CPA and Ian Kansky - Strategies for Wealth

Every business owner will leave their business at some point, but few have made a solid transition plan.  In this meeting, learn the role of the CPA as part of a team of professional trusted advisors in a holistic approach to designing an exit strategy from your clients' businesses.  Learn how to:

  • Reduce tax burden by planning the transition process
  • Devise what a business owner has, needs, and wants out of an exit plan and close the gaps in between
  • Create value-based objectives for the client's company
  • Prepare for three types of exit paths: inside sale, third party sale, and death
  • Access educational resources related to exit planning

Cryptocurrency Tax Issues
Richard Sapinski, J.D., LL.M. and Robert Stern, J.D., LL.M. - Sills, Cummis & Gross PC

In this session, hear information on:

  • Cryptocurrency: the future of the way business is done and the future of non-tax compliance
  • Tax treatment of crypto or virtual currencies (Notice 2014-21)
  • Issuance of 6173 and 6174 series letters currently being issued to taxpayers
  • Other actions being taken by the Internal Revenue Service

COURSE LEVEL

Intermediate

PREREQUISITES

None

ADVANCE PREPARATION

None

ADDITIONAL NOTES

$10 late fee applied after 9/24. Season Pass holders must register for each event.

Course Materials
For handouts, please visit your My Events page. Handouts are added as received - remember to check back for updates.

INSTRUCTORS

Ian Kansky

Ian Kansky

Financial Advisor

Strategies for Wealth

Ian Kansky is a financial advisor at Strategies for Wealth. Prior to joining Strategies for Wealth, Ian spent 15 years on Wall Street in US Treasuries and 15 years of business ownership. He now comes to Strategies for our supportive company culture.

Ian received his BA in Economics from SUNY Albany. His designations include: Series 7, 63, 65.

Michael Ringel

Michael C. Ringel, CPA

Financial Advisor

Strategies for Wealth

Michael joined Strategies for Wealth in 2004 (and has been a client since 2000) to assist business owners, executives and employees design and implement financial, estate and retirement planning strategies. Michael is a seasoned financial advisor, with years of experience planning for typical families and families with children with special needs.

Michael received his MBA from New York University and received his Bachelors of Science in Accounting from SUNY Albany.

Michael began his professional career as an accounting professional at Deloitte & Touche and BDO Seidman. Subsequently, he became an Adjunct Professor at Borough of Manhattan Community College in the Mathematics and Business departments while pursuing an MBA at New York University. Upon graduating, Michael became Partner at Let’s Talk Business Network. In this role, Michael facilitated peer leadership groups for entrepreneurs. He gained a thorough understanding of his client’s concerns, provided council and connected them to resources. In addition, he designed and led the expansion of the business into additional markets.

Richard Sapinski

Richard J. Sapinski, Esq.

Member

Sills, Cummis & Gross PC

Richard J. Sapinski, J.D., LL.M., is a member at Sills Cummis & Gross, P.C. and is Vice-Chair of the Firm’s Tax Litigation Practice Group. His practice involves white collar criminal defense on both federal and state levels and civil and criminal tax litigation, as well as international tax planning and compliance issues. Prior to joining the Firm, Mr. Sapinski was employed by the Office of the District Counsel, Internal Revenue Service, Newark, New Jersey as a trial attorney from 1977 to 1984 and later with the Office of the Regional Counsel Internal Revenue Service, Philadelphia, Pennsylvania, as a Special Trial Attorney from 1985 to 1987. In the latter position, Mr. Sapinski was assigned responsibility for litigating in the United States Tax Court on behalf of the Commissioner of Internal Revenue in large and sensitive cases and for assisting IRS international examiners in developing international tax issues for litigation. He litigates matters in the United States District Court, U.S. Tax Court and the Superior Court and Tax Court of New Jersey and the Federal and State Appellate Courts. He also represents professionals before disciplinary and licensing boards and handles administrative matters involving the Examination, Collection and Criminal Investigation divisions of the Internal Revenue Service and their state counterparts.

He earned his undergraduate degree from Seton Hall University, his J.D. from Fordham University School of Law and his LL.M. in Taxation from NYU.

PRICING

Free Event
Pre-Registration Closed

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ADDITIONAL OPTIONS

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