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24CF-TAXC: MNCPA Tax Conference (TAX24)

November 18-20, 2024  -  Minneapolis, MN and Online

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Agenda

Monday, November 18, 2024

8:00 am - 9:25 am

A1. Harnessing AI in Accounting: Practical Applications for Today
Field of study Specialized Knowledge - Technical (1.5)
Description AI stands to revolutionize not just accounting but how all knowledge work is done. This practical session is designed for anyone to develop an understanding of AI, while focusing on what’s useful today. Learn how AI is impacting the accounting... Read more »

9:45 am - 11:00 am

B1. Federal Individual Tax Highlights
Field of study Taxes - Technical (1.5)
Description Review various federal income tax laws impacting individuals, emphasizing newly enacted tax legislation, court cases and IRS guidance. Topics will be determined based on the most recent developments up to the date of the conference.
B2. Minnesota Cannabis Market Update
Field of study Taxes - Technical (1.5)
Description Cannabis is a new, complex and growing industry. Learn the nuanced issues cannabis entrepreneurs and operators face. Also, understand how you, as a CPA, can help your clients who are business owners, looking to enter or invest in this industry. Gain... Read more »
B3. Know Your Medicare Options
Field of study Specialized Knowledge - Technical (1.5)
Description Many financial professionals represent clients who are higher income and have questions about the Income Related Monthly Adjustment Amounts (IRMAA). This session is designed for CPAs, FPAs, and financial professionals who need to guide their clients... Read more »

11:20 am - 12:10 pm

C1. Minnesota Department of Revenue Update
Speaker Paul Marquart
Field of study Taxes - Technical (1)
Description The Minnesota Department of Revenue (DOR) has had another busy year. Hear from Commissioner Paul Marquart on the latest happenings. Get an overview of recently passed law changes, review the implementation efforts, and get up to date on the DOR’s... Read more »
C2. Everything You Always Wanted to Know About Sales Tax but Were Afraid to Ask
Speaker Thomas Zessman
Field of study Taxes - Technical (1)
Description Afraid of sales taxes? We get that! This session will ease your fears, shedding light on the darkest corners of exemptions and local tax rates and internet sales and electronically delivered tech. Why are certain services taxable, like lawn mowing,... Read more »
C3. Strategic Practices for Success: Outpacing Competitors, Adopting Technology and Nurturing Top Talent
Field of study Personnel/Human Resources - Non-Technical (1)
Description Join Bradley Trangsrud, head of client accounting services at alliantgroup, on a deep dive into how CPAs can leverage CAS to streamline and enhance their tax preparation process post-busy season, offering valuable insights for firms looking to... Read more »

1:00 pm - 2:15 pm

D1. Troublesome Income Tax Issues for Trusts and Estates
Field of study Taxes - Technical (1.5)
Description Discover key issues impacting the income taxation of trusts and estates, including charitable contributions on fiduciary returns, allocating expenses in determining the makeup of Distributable Net Income, complex vs. simple trusts and when to... Read more »
D2. Federal Business Tax Highlights
Field of study Taxes - Technical (1.5)
Description Review various federal income tax laws impacting businesses, emphasizing newly enacted tax legislation, court cases and IRS guidance. Session topics will be determined based on the most recent developments up to the date of the conference.
D3. MN Legislative and Professional Update
Field of study Business Management & Organization - Non-Technical (1.5)
Description Stay ahead with the Minnesota Legislative and Professional Update. Discover how local legislative activities, election results and new Board of Accountancy rules impact your business and clients. Learn about national developments that broaden CPA... Read more »

2:35 pm - 3:50 pm

E1. Social Security: Know Your Options
Field of study Specialized Knowledge - Technical (1.5)
Description Over 70 million Americans depend on Social Security to be a part of their retirement income but not everyone understands the strategies and methods designed for those preparing for retirement. One of the most important planning decisions is when to... Read more »
E2. Partnership 2024 Update
Field of study Taxes - Technical (1.5)
Description Examine recent developments in partnerships, including new case law related to self-employment income in limited partnerships (Soroban Capital Partners), challenges with the BBA partnership audit rules, a partner’s responsibility to maintain basis... Read more »
E3. Finding Your Flow in Constant Chaos
Speaker Will Hill, MBA
Field of study Personnel/Human Resources - Non-Technical (1.5)
Description We all know that the only constant is change, but what happens when change feels like chaos? With change all around, how can firm leaders stay goal-oriented for the sake of the firm? Explore what it means to find your flow to focus your leadership... Read more »

4:10 pm - 5:00 pm

F1. Ethical Leadership
Field of study Behavioral Ethics - Non-Technical (1)
Description News of ethical violations spread quickly in today's world. Now more than ever, organizations risk losing employees and customers when a company acts unethically. Learn how your organization can stay protected by creating an ethical culture for all... Read more »
F2. BOI Reports' Rapidly Approaching Initial Reports Deadline: What You Need to Know
Field of study Taxes - Technical (1)
Description The deadline for all reporting entities that existed on Jan. 1, 2024, to file their initial Beneficial Ownership Information (BOI) reports under the Corporate Transparency Act is Jan. 1, 2025. Impacted clients are seeking assistance from attorneys... Read more »
F3. Surviving a Tax Audit: Avoid the Scars and Resolve Your Case
Field of study Taxes - Technical (1)
Description Tax attorneys Ben Wagner and Kathleen Pfutzenreuter discuss essential audit strategies, including how to prepare for an audit interview or conference, answering unreasonable government requests, the Cohen rule, and more.

5:00 pm - 6:00 pm

Tuesday, November 19, 2024

8:00 am - 8:55 am

G1. Principles and Considerations for Nonresident Withholding, Composite Payments and Passthrough Entity Taxes
Field of study Taxes - Technical (1)
Description Navigating the complexities of tax obligations for nonresident individuals and entities requires a nuanced understanding of withholding requirements, composite payments and passthrough entity taxes. Delve into the fundamental principles and... Read more »
G2. How Well Are Business Owners Preparing for Succession and Transition?
Speaker Michael Darger
Field of study Specialized Knowledge - Technical (1)
Description Our survey of Minnesota owners found moderate levels of personal and business readiness for transferring their businesses. The research indicates that accountants are arguably the most important advisers, but they are not sufficient by themselves.... Read more »
G3. Manufacturing Success: Specialty Tax Incentives for the M&D Industries
Speaker Todd French
Field of study Taxes - Technical (1)
Description A variety of specialty tax incentives provide benefits to manufacturers and distributors. The size and specialization of their facilities make them excellent candidates for real-estate-based incentives like cost segregation and the EPAct 179D... Read more »

9:15 am - 10:30 am

H1. Changing Residency to Warmer Climates and Abroad
Field of study Taxes - Technical (1.5)
Description Changing your residency is not just about getting a new driver’s license or spending more than half the year in another state. Discover the latest updates in residency changes, critical for anyone working with clients considering a residency change.... Read more »
H2. Retirements & Redemptions Issues: Partnerships & S Corporations
Field of study Taxes - Technical (1.5)
Description Retirements and redemptions represent pivotal moments in the lifecycle of both partnerships and S Corporations, warranting a thorough examination of their intricate tax implications. This specialized course provides a comprehensive exploration of... Read more »
H3. Ethical Deviations: A Fraud Case Study
Field of study Behavioral Ethics - Non-Technical (1.5)
Description David Mobley’s Maricopa Index Hedge Fund was the world’s top-rated investment vehicle. Unbeknownst to investors, and the world, it was a massive fraud. While you might see yourself as incapable of committing unethical acts, good people do bad things... Read more »

10:50 am - 12:05 pm

I1. 2024 Minnesota Income Tax Update
Field of study Taxes - Technical (1.5)
Description The Minnesota Legislature proposed many changes this year, but only enacted a few. This session cuts through the clutter to focus on what matters. Prepare for 2024 Minnesota income tax year-end planning discussions and Q4 Minnesota income tax... Read more »
I2. For All of Your Remodeling & Maintenance Needs: The IRS Is Here to Help
Field of study Taxes - Technical (1.5)
Description Join industry leaders Ashley Sullivan and Roger Upton from MS Consultants as they guide you through the intricacies of tax savings for property improvements and maintenance. Together, they will explore real-life case studies, demonstrating how to... Read more »
I3. Keeping Up With the Tax Code: Virtual Currency Developments
Field of study Taxes - Technical (1.5)
Description One of the toughest parts of being a tax practitioner is keeping up with all the changes in tax legislation. This is especially true in the area of virtual currency. Using examples, problems, and plain explanations, explore a mix of new tax issues... Read more »

1:00 pm - 2:15 pm

J1. Federal Individual Tax Highlights (Repeat of B1)
Field of study Taxes - Technical (1.5)
Description Review various federal income tax laws impacting individuals, emphasizing newly enacted tax legislation, court cases and IRS guidance. Topics will be determined based on the most recent developments up to the date of the conference.
J2. Handling Troublesome IRS Correspondence
Speaker Dan Pilla
Field of study Specialized Knowledge - Technical (1.5)
Description Each year, the IRS mails nearly 200 million letters, notices and statements to citizens and businesses. With the wide variety of notices we face, it’s no surprise they cause mass confusion, misunderstanding and anxiety for both citizens and tax... Read more »
J3. Keeping Up With the Tax Code: Basis Calculations for S Corps and Partnerships
Field of study Taxes - Technical (1.5)
Description Staying current with the ever-changing tax legislation is a challenge for both seasoned veterans and newcomers to the industry. Examine recent changes to tax law from a practitioner’s perspective. Explore a mix of new tax issues and areas of the... Read more »

2:35 pm - 3:50 pm

K1. Retirement Planning: What You Need to Know
Field of study Specialized Knowledge - Technical (1.5)
Description You work hard for your money, but are you making the most of it? This fun and informative session is for you if you want to know how to keep more of your money for yourself! Learn how to save more of your money and where to put it. Focus on figuring... Read more »
K2. Federal Business Tax Highlights (Repeat of D2)
Field of study Taxes - Technical (1.5)
Description Review various federal income tax laws impacting businesses, emphasizing newly enacted tax legislation, court cases and IRS guidance. Session topics will be determined based on the most recent developments up to the date of the conference.
K3. Delegation, Feedback and Accountability: A Primer on Core Leadership Skills
Field of study Personal Development - Non-Technical (1.5)
Description Elevate your leadership effectiveness and organizational impact by fine-tuning core leadership skills. Recognize the barriers to your effectiveness and reshape your mindset to gain confidence and become more proactive as you lead your team. Explore... Read more »

4:10 pm - 5:00 pm

L1. Tax-Savvy Charitable Giving Strategies: Tools for Your Toolbox
Field of study Taxes - Technical (1)
Description Charitable giving can be a powerful tax planning tool when working with clients. But which charitable option is right for them? Explore tools such as donor-advised funds, charitable remainder trusts, and qualified charitable distributions. Learn how... Read more »
L2. Current Economic Conditions in Minnesota
Speaker Ronald Wirtz
Field of study Economics - Technical (1)
Description Learn about the current state of the Minnesota economy and the challenges of the present environment, along with labor force trends and their role in long-term economic growth. Using an interactive survey, our speaker will gauge attendees’ sentiment... Read more »
L3. HR Legal Compliance and Regulatory Update
Field of study Business Law - Technical (1)
Description Employment laws, regulations and court decisions make employment issues more complex for employers and business advisers. There's a lot at stake, including fines, lawsuits and employee morale issues. Look at current updates on federal and state... Read more »

12:05 pm - 1:00 pm

X2. Government Relations Lunch (Optional, no CPE)
Speaker Todd Rapp
Description Hear about the implications of the recent elections on the accounting and business landscape in Minnesota. This insightful event features Todd Rapp, President & CEO - Rapp Strategies, who will provide an analysis of the election results and... Read more »

Wednesday, November 20, 2024

8:00 am - 9:20 am

M1. TCJA Sunsetting
Field of study Taxes - Technical (1.5)
Description The Tax Cuts and Jobs Act doubled the estate tax exclusion, but its sunset will effectively reduce the current exemption by half. The tricky part is that those who use their exclusion before the sunset can capture a huge benefit. Spousal Lifetime... Read more »
M2. Retirement Planning Tools: Strategies for Individuals and Small Businesses
Field of study Specialized Knowledge - Technical (1.5)
Description Discover the retirement planning tools and strategies used by Fortune 500 companies that can also benefit individuals and small businesses. Explore a combination of planning techniques and financial tools that are often overlooked by individuals and... Read more »
M3. Microsoft 365 Application Lightning Round
Field of study Computer Software & Applications - Non-Technical (1.5)
Description Do you use Microsoft 365? Are you convinced you're getting the most out of it? If you answered yes, then no, this session will provide a high return on your investment of time and money. Gain an understanding of the depth and breadth of the... Read more »

9:35 am - 10:25 am

N1. Income Tax Strategies to Help Your Clients Today
Field of study Taxes - Technical (1)
Description Optimal income tax planning is more than just planning for this year. Learn the best planning strategies by looking at the current year and integrating those strategies for optimal long‐term income tax savings and better retirement.
N2. Deep Dive Into K-1's
Field of study Taxes - Technical (1)
Description Delve into overlooked items on Form K-1. Take a deep dive into common mistakes on Form K-1 and what you should do if a client receives a K-1 with a mistake. Explore uncommon boxes and codes that are essential for some clients.
N3. Generational Remix
Speaker Ashley Lang
Field of study Personnel/Human Resources - Non-Technical (1)
Description Attention to age-based differences in the workplace is mounting. Much of the tension between the four generations present in the workplace boils down to preferences. Membership in a generational cohort can lead to a set of expectations or a... Read more »

10:40 am - 11:55 am

O1. Death of a Taxpayer: Representing a Fiduciary or Heirs
Field of study Specialized Knowledge - Technical (1.5)
Description Explore essential guidance for representing fiduciaries or heirs involved in filing returns or addressing tax matters for deceased individuals. Learn the critical steps and considerations necessary to ensure compliance and effective guidance. Gain... Read more »
O2. Farm Tax Update
Field of study Taxes - Technical (1.5)
Description Delve into the current farm tax updates. Understand why a split-interest arrangement makes sense with higher interest rates. Review current court cases and other guidance. Learn more about whether SE planning for LLCs has changed since the Soroban... Read more »
O3. Elevate Your Cybersecurity Strategy in 2025
Field of study Specialized Knowledge - Technical (1.5)
Description New year, new approaches to data security. As a firm, it’s time to look at your cybersecurity efforts ahead of tax season to ensure you are doing everything possible to protect sensitive firm and client data. Explore how to assess your current... Read more »

12:50 pm - 2:05 pm

P1. Wisconsin DOR Update
Speaker Nate Weber, CPA
Field of study Taxes - Technical (1.5)
Description Dig into a summary of legislative changes, upcoming changes to the 2024 Wisconsin tax returns and other updates on DOR administrative and procedural initiatives affecting tax practitioners.
P2. Ethics of AI: A CPA's Guide
Field of study Behavioral Ethics - Non-Technical (1.5)
Description With the release of powerful applications like ChatGPT, the practical applications of artificial intelligence (AI) in the accounting profession are spreading rapidly. AI evolution brings new ethical dilemmas for CPAs on how to use this technology in... Read more »
P3. K2's Tech Update
Field of study Specialized Knowledge - Technical (1.5)
Description Discover insights into the latest technology developments and how they impact the accounting sector. Delve into the newest software and hardware innovations, the evolving role of AI, and the growing necessity to address security and privacy issues.... Read more »

2:20 pm - 3:35 pm

Q1. 2024 Minnesota Income Tax Update (Repeat of I1)
Field of study Taxes - Technical (1.5)
Description The Minnesota Legislature proposed many changes this year, but only enacted a few. This session cuts through the clutter to focus on what matters. Prepare for 2024 Minnesota income tax year-end planning discussions and Q4 Minnesota income tax... Read more »
Q2. Passive Activity Rules and Rental Real Estate: What You Need to Know
Field of study Specialized Knowledge - Technical (1.5)
Description Gain a comprehensive understanding of special passive activity rules that apply to rental real estate, including material participation, short-term rentals, self-rentals and real estate professionals. Explore strategies for reducing the net... Read more »
Q3. K2's AI for Accounting and Finance Professionals
Field of study Specialized Knowledge - Technical (1.5)
Description ChatGPT, Gemini, Copilot and other artificial intelligence (AI) applications and services are changing the world. Discover the real-world power of AI and equip yourself with the skills to use AI in accounting, tax and finance. This session will... Read more »

3:50 pm - 4:40 pm

R1. Finding a Life That Is Full of Money and Happiness
Field of study Personal Development - Non-Technical (1)
Description Living your best life is something we all want. This fun and inspiring session will tackle confidence, success, goals and happiness. Too often, we tie our happiness to money, but money usually doesn’t bring us happiness. Learn actionable items to... Read more »
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Conference management team

Lynn Kletscher
Director of Education
952-885-5513

Emily Stamp
Conference coordinator
952-885-5509 

Leslie Mueller
Exhibitors & Sponsors
952-885-5520

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