Menu

B Sessions

Monday, November 13,
9:20 - 10:35 a.m.

B1. Federal Individual Tax Highlights

Speaker(s): J. Patrick Garverick
NASBA field of study: Taxes - Technical (1.5)

Review various federal income tax laws impacting individuals with an emphasis on newly enacted tax legislation, court cases and IRS guidance. Topics will be updated depending on the most recent developments.

B2. Corporate Transparency Act: What CPAs and Our Clients Need to Know

Speaker(s): Edward Zollars
NASBA field of study: Taxes - Technical (1.5)

Starting in 2024, the Corporate Transparency Act (CTA) requires most corporations, LLCs and other entities to file beneficial ownership reports. Many clients are unaware of these new requirements, so you’ll need to bring the matter to their attention in time for them to comply with the law. Get guidance on identifying the entities subject to this requirement, pinpointing beneficial owners and understanding the critical timelines for both initial and revised report submissions. Delve into the potential civil and criminal repercussions for noncompliance and clarify the evolving role of CPAs in this landscape, so you can effectively navigate and advise on this pivotal reporting obligation.

B3. Transfer Pricing and Managing Global Intangibles

Speaker(s): Michael Bredahl, Guy Sanschagrin
NASBA field of study: Taxes - Technical (1.5)

Transfer pricing has long been acknowledged as the number one international tax issue multinationals face. Transfer pricing risks include double taxation and non-deductible penalties and interest. Refresh your knowledge of the transfer pricing debate. Understand the motivations for the behaviors of companies and tax authorities. Gain clarity on the issues associated with related party transactions involving goods, services, financing and especially intangible property. Become better informed so you can make more solid judgments about how to measure and understand transfer pricing risk and planning opportunities for your business or your clients' businesses.

B4. Accelerating Your Research Workflow for Young Professionals

Speaker(s): Tammy Nickels
NASBA field of study: Specialized Knowledge - Technical (1.5)

Examine the importance of tax research and the different methods of finding the right answers. Review how tax research has evolved over time and how new solutions, including AI, are providing increased productivity to all levels of staff. This session is part of the TAX23 Young Professionals Track.