This meeting will help get you ready for tax season. Hear updated information on New Jersey residency,the IRS, Section 199A and trusts and estates.
BENEFITS
Earn 8 CPE credits in TX.
HIGHLIGHTS
New Jersey Residency
Parag Patel, Esq. - Patel Law Offices
With the new reduction in the deductibility of state and local taxes, many clients are exploring leaving New Jersey. Although changing a client’s residence from a high-tax state (i.e., NJ, NY) to a low, or no-tax state (i.e., FL) can dramatically reduce the amount of state taxes paid, high-tax states have inflexible residency rules and do not let their residents leave easily. We will identify state tax residency rules and methods to effectively change tax domicile, and explore planning opportunities to minimize state income and inheritance taxes. New Jersey and Florida tax attorney, Parag Patel, of FLResidency.com, has counseled numerous clients in tax residency planning.
IRS Hot Topics
Parag Patel, Esq. - Patel Law Offices
With a new IRS Commissioner, who is also a tax controversy attorney, the IRS has ramped up enforcement in certain areas and tax advisors must become familiar with the latest developments in tax controversy. We will explore: Foreign Bank Account Report updates, Collection enforcement developments, Penalty developments, the IRS’s new voluntary disclosure programs, the latest IRS audit campaign initiatives, and other hot topics in tax controversy. Experienced tax attorney Parag Patel has counseled hundreds of taxpayers in the resolution of their complex tax controversy problems.
199A Update
John DeSantis, Esq. - Levine DeSantis, LLC Attorneys at Law
In this session, the speaker will cover updates and planning opportunities with respect to IRC Section 199A. This session will define the 199A Qualified Business Income Deduction and how to calculate it. 199A-4, Aggregation of Trades or Businesses will also be explained.
Current Trends in Wealth Preservation Planning
John DeSantis, Esq. - Levine DeSantis, LLC Attorneys at Law
Attendees will learn the latest estate planning techniques utilized by practitioners in this tax environment. The speaker will explore updates specific to New Jersey and New York, as well as practical issues. A variety of examples related to wealth planning will be given.
COURSE LEVEL
Update
PREREQUISITES
None
ADVANCE PREPARATION
None
ADDITIONAL NOTES
Early birds save $50 - late fee applied after 11/14. Season Pass holders must register for each event.
For handouts, please visit your My Events page. Handouts are added as received, remember to check back for updates.