AICPA Advanced Estate Planning Conference Features Treasury and IRS Officials

The conference highlights the most current aspects of estate, gift and inheritance planning, particularly:

July 8, 2016

  • Update on projects related to estate tax planning from Treasury and IRS officials

  • Insights about step-up basis and new reporting rules

  • Discussions about portability elections, elder planning and third-party trusts in divorce

  • Outlook on digital property law

  • Deep dive on foreign asset reporting requirements and penalties

 

WHEN:           Monday, July 18 - Wednesday, July 20, 2016

 

WHAT:           AICPA Advanced Estate Planning Conference

 

WHERE:        Marriott Wardman Park, 2660 Woodley Road, N.W., Washington, D.C.

Reporters are also invited to cover any of the conference sessions in real time via the Internet.

WHO:             Catherine Veihmeyer Hughes, Estate and Gift Tax Attorney Advisor, Office of Tax  Policy, U.S. Department of the Treasury, Washington, D.C.

                        Adrienne Mikolashek, Attorney, IRS Office of Chief Counsel, Washington, D.C.

                        Therese Melchiorre, Attorney, IRS Office of the Chief Counsel, Washington, D.C.

Meghan Howard, Attorney, IRS Office of Chief Counsel, Passthroughs and Special Industries, Washington, D.C.

                        Leslie Finlow, Senior Technician Reviewer, IRS Office of Associate Chief Counsel, Passthroughs and Special Industries, Washington, D.C.

Monday, July 18, 2016

8:00am – 8:10am         Chair Welcome Remarks, Robert S. Keebler, Conference Chair, Keebler & Associates, LLP, Green Bay, Wis.

8:10am – 9:25am         Governmental Update Panel: Moderator: James Hogan, Managing Director, Andersen Tax LLP, McLean, Va.; Catherine Veihmeyer Hughes, Estate and Gift Tax Attorney Advisor, Office of Tax Policy, U.S. Department of the Treasury, Washington, D.C.; Leslie Finlow, Senior Technician Reviewer, IRS Office of Associate Chief Counsel, Passthroughs and Special Industries, Washington, D.C.

9:25am – 10:15am       Estate Planning: Recent Developments, Part I, Dennis Belcher, Partner, McGuireWoods, Richmond, Va. and Jeffrey Pennell, Richard H. Clark Professor of Law, Emory University School of Law, Atlanta, Ga.

 

10:45am – Noon          Estate Planning: Recent Developments, Part II, Dennis Belcher, Partner, McGuireWoods, Richmond, Va. and Jeffrey Pennell, Richard H. Clark Professor of Law, Emory University School of Law, Atlanta, Ga.

 

Noon – 1:00pm                       Lunch (no luncheon speaker)

 

1:00pm – 2:15pm        Concurrent Sessions

 

  • Turning a BDIT into a “Can’t Beat It, Richard Oshins, Attorney, Oshins & Associates, Las Vegas, Nev. and Steven Siegel, President, The Siegel Group, Morristown, N.J.

  • How CPAs Work with Lawyers, Jordon Rosen, Director, Estates and Trusts, Belfint, Lyons & Shuman P.A., Wilmington, Del. and Gary Zwick, Partner, Walter / Haverfield LLP, Cleveland, Ohio

  • Are You Prepared to Prepare the Complex Gift Return? Anthony Vitiello, Partner, Connell Foley LLP, Roseland, N.J.

  • Trust Accounting, F. Gordon Spoor, Senior Shareholder, Spoor & Associates P.A., St. Petersburg, Fla.

     

    2:25pm – 3:15pm        Concurrent Sessions

    Estate Planning for S Corporations’ Shareholders, Laura Howell-Smith, Director, Deloitte Tax LLP, Washington, D.C.

  • Estate and Income Tax Planning for IRAs, Jeffrey Levine, Chief Retirement Strategist, Director of Retirement Education, Ed Slott and Company, Rockville Centre, N.Y.

  • Basis Consistency Sections 1014(f)/6035 and Grantor Trusts, James Hogan, Managing Director, Andersen Tax LLP, McLean, Va.; Meghan Howard, Attorney, IRS Office of Chief Counsel, Passthroughs and Special Industries, Washington, D.C.; Therese Melchiorre, Attorney, IRS Office of the Chief Counsel, Washington, D.C.; Frances Schafer, Member, AICPA Tax Executive Committee and Past Chair, AICPA Trust, Estate, and Gift Tax Technical Resource Panel, Washington, D.C.

  • Income Tax Problems When the Estate or Trust Is a Partner, Carol Cantrell, Managing Member, Cantrell & Cantrell PLLC, Houston, Tex.

3:35pm – 4:50pm        Concurrent Sessions         

  • The CPA’s Role in Fiduciary Litigation Settlements, Carol Cantrell, Managing Member, Cantrell & Cantrell PLLC, Houston, Tex.

  • Second Marriage: Protecting Yourself and Your Client, Jacqueline Patterson, Partner, Buchanan & Patterson LLP, Los Angeles, Calif. and Missy Vaselaney, Partner, Taft Stettinius & Hollister LLP, Cleveland, Ohio

  • Are You Prepared to Prepare the Complex Gift Return? (Repeat of 1:00pm – 2:15pm session)

  • Form 1041: How Capital Gains Get Allocated to Distributable Net Income, Jeremiah Doyle, Senior Vice President, BNY Mellon Wealth Management, Boston, Mass.

 

5:00pm – 5:50pm        Concurrent Sessions         

  • Moidern Uses of Partnerships in Estate Planning, Paul Lee, Senior Regional Wealth Advisor, The Northern Trust Company, New York, N.Y.
  • Tax Aspects of Decanting (Including Settlement Agreements), Robert Keebler, Partner, Keebler & Associates LLP, Green Bay, Wis. and Gary Zwick, Partner, Walter / Haverfield LLP, Cleveland, Ohio
  • Captive Insurance Companies: Unique Estate Planning Opportunities for the Captive Insurance Owner, Peter Strauss, Managing Member, The Strauss Law Firm LLC, Hilton Head Island, S.C.
  • What the Advanced Practitioner Needs to Know about Roth Conversions, Jeffrey Levine, Chief Retirement Strategist, Director of Retirement Education, Ed Slott and Company, Rockville Centre, N.Y.

 

Tuesday, July 19, 2016

 

7:00am – 7:50am         Early-Riser Sessions

  • A Modern Family, Missia Vaselaney, Partner, Taft Stettinius & Hollister LLP, Cleveland, Ohio
  • Form 5227: Charitable Trusts, Ted Batson, Jr., Executive Vice President, Renaissance, Indianapolis, Ind.
  • Elder Planning: Helping Clients Transition into Their Later Years, Lyle K. Benson, President, L.K. Benson & Co., Baltimore, Md.
, Partner, Taft Stettinius & Hollister LLP, Cleveland, Ohio

 

8:00am – 8:05am         Morning Remarks

8:05am – 9:20am         Income Tax Is the New Estate Tax, Robert Keebler, Partner, Keebler & Associates LLP, Green Bay, Wis.  

9:20am – 10:35am       Planning in the ATRA-Math (The Best Income and Estate Planning Ideas Today), Paul Lee, Senior Regional Wealth Advisor, The Northern Trust Company, New York, N.Y.

 

11:00am – 12:15pm    Concurrent Sessions         

  • Trust Administration, Mary Eileen Vitale, Principal, HW&Co., Cleveland, Ohio
  • War and the PEAC Act: The Battle Over Digital Property, Anne Coventry, Executive Director, EY, Washington, D.C. and Karin Prangley, Regional Trust Head, Brown Brothers Harriman, Chicago, Ill.
  • Net Investment Income Tax, David Kirk, Executive Director, EY, Washington, D.C. and Adrienne Mikolashek, Attorney, IRS Office of the Chief Counsel, Washington, D.C.
  • Foreign Asset Reporting Requirements, Penalties and Voluntary Disclosures, Bryan Skarlatos, Partner, Kostetlanetz & Fink LLP, New York, N.Y.

 

12:15pm – 1:15pm      Lunch (no luncheon speaker)

 

1:15pm – 2:30pm        Concurrent Sessions

  • Business Succession Planning, Part I, David G. Johnson, Senior of Counsel, McDonald Hopkins LLC, Adjunct Professor, Case Western Reserve University Weatherhead School of Management, Cleveland, Ohio and Gary Zwick, Partner, Walter / Haverfield LLP, Cleveland, Ohio
  • Best Charitable Gift Planning Strategies for Closely Held Business Owners, Christopher Hoyt, Professor, UMKC School of Law, Kansas City, Mo.
  • Estate Planning for Real Estate Interests, Stefan Tucker, Partner, Venable LLP, Washington, D.C.
  • Defending the Gift or Estate Tax Return, John Porter, Senior Partner, Baker Botts LLP, Houston, Tex.

 

2:40pm – 3:55pm        Concurrent Sessions

  • Business Succession Planning, Part II, David G. Johnson, Senior of Counsel, McDonald Hopkins LLC, Adjunct Professor, Case Western Reserve University Weatherhead School of Management, Cleveland, Ohio and Gary Zwick, Partner, Walter / Haverfield LLP, Cleveland, Ohio
  • Valuation Discounts: Past, Present and Future, R. Christopher Rosenthal, Director, Forensic and Valuation Services Group, Ellin & Tucker, Washington, D.C.
  • The Basics of Basis Step-Up, Robert Keebler, Partner, Keebler & Associates LLP, Green Bay, Wis.
  • Defending the Gift or Estate Tax Return (Repeat of July 19 1:15pm – 2:30pm session)

 

4:15pm – 5:30pm        Concurrent Sessions

  •  State Taxation of Trusts and Estates Issues/Planning,Dawn Angermaier, Director, Deloitte Tax LLP, New York, N.Y. and Gregory Bergmann, Partner, Deloitte Tax LLP, Chicago, Ill.
  • What Every Accountant Needs to Know about Probate Litigation, Missia Vaselaney, Partner, Taft Stettinius & Hollister LLP, Cleveland, Ohio
  • Hot Tax Ethics and Practice and Procedure Issues for the Estate Planner, Michael Goller, Shareholder and Tax Department Chair, Reinhart, Milwaukee, Wis.

 

 

 

 

 

 

 

 

Wednesday, July 20, 2016

 

7:00am – 7:50am         Early-Riser Sessions

  • Running the Numbers for Commonly Used Estate Planning Techniques, Stephen Bigge, Partner, Keebler & Associates LLP, Green Bay, Wis.
  • AICPA Trust, Estate and Gift Tax Technical Resource Panel Q&A – Roundtable Discussion, Ted Batson, Jr., Executive Vice President, Renaissance, Indianapolis, Ind.; Mary Kay Foss, Director, Sweeney Kovar LLP, Danville, Calif.; Donita Joseph, Partner, Windes Inc., Long Beach, Calif.; Justin Ransome, Partner, Private Client Services, National Tax Department, EY, Washington, D.C.; Jordon Rosen, Director, Estates and Trusts, Belfint, Lyons & Shuman P.A., Wilmington, Del.; Frances Schafer, Member, AICPA Tax Executive Committee and Past Chair, AICPA Trust, Estate, and Gift Tax Technical Resource Panel, Washington, D.C.; Eileen Sherr, Senior Technical Manager – Tax Policy & Advocacy, AICPA, Washington, D.C.; F. Gordon Spoor, Senior Shareholder, Spoor & Associates P.A., St. Petersburg, Fla.
  • Charitable Planning Update, Evan Unzelman, President, Sterling Foundation Management, Reston, Va.

 

8:00am – 8:05am         Morning Remarks

 

8:05am – 9:20am         The Importance of Trusts in Estate and Financial Planning, Jonathan Blattmachr, Principal, Pioneer Wealth Partners, New York, N.Y.   

 

9:20am – 10:10am       Current Valuation Issues Involving Family Limited Partnerships and Other Hard-to-Value Assets, John Porter, Partner, Baker Botts LLP, Houston, Tex.

 

10:40am – 11:55am     Concurrent Sessions         

  • Third-Party Trusts in Divorce, Jeremiah Doyle, Senior Vice President, BNY Mellon Wealth Management, Boston, Mass.
  • What the CPA Should Know about Trusts and Investments, F. Gordon Spoor, Senior Shareholder, Spoor & Associates P.A., St. Petersburg, Fla. and Scott Sprinkle, Managing Member, Sprinkle Financial Consultants LLC, Littleton, Colo.
  • Advanced Generation Skipping Planning Techniques, Dan Daniels, Partner, Wiggin and Dana LLP, Greenwich, Conn.
  • Navigating the Portability Rules, Jordon Rosen, Director, Estates and Trusts, Belfint, Lyons & Shuman P.A., Wilmington, Del.

 

11:55am – 12:50pm    Lunch (no luncheon speaker)

 

12:50pm – 3:00pm      Concurrent Sessions

  • Planning for the Very Large Estate, Jonathan Blattmachr, Principal, Pioneer Wealth Partners, New York, N.Y. and Howard Zaritsky, Attorney, Howard M. Zaritsky, Rapidan, Va.
  • Pulling It All Together: Integrating Estate Planning into Your CPA Practice, Stephen Bigge, Partner, Keebler & Associates LLP, Green Bay, Wis.; Eric Johnson, Partner, Stewart, Archibald & Barney LLP, Las Vegas, Nev.; Larry McKoy, Tax Partner, Dixon Hughes Goodman LLP, Richmond, Va.