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MNCPA Tax Conference

H Sessions

Tuesday, November 17,
9 - 10:15 a.m.

H1. Federal Individual Tax Highlights: How COVID-19 Stimulus Affects Individual Income Taxes (Repeat of B1)

Speaker(s): Paul Neiffer
NASBA field of study: Taxes - Technical (1.5)

A whirlwind of changes swept through the individual tax landscape in recent months. This high-level overview breaks down the major individual tax law changes related to COVID-19 stimulus efforts so you can guide your clients. Get up to speed on the Coronavirus Aid, Relief and Economic Security (CARES) Act, including changes to required minimum distributions (RMDs), deferral of certain self-employment taxes and tax credit opportunities. Learn how to maximize income tax refunds related to the suspension of the excess business loss rules and gain clarity on the new five-year net operating loss (NOL) carryback provisions. Plus, examine other big individual income tax law changes affecting 2020 tax returns.

H2. Cryptocurrency Taxation: Nuts, Bolts and Tax Law Updates

Speaker(s): Shehan Chandrasekera
NASBA field of study: Taxes - Technical (1.5)

Blockchain technology and cryptocurrencies -- like Bitcoin and Ether -- are two trending topics in the fin-tech world. If you still haven't quite grasped the intricacies, opportunities and challenges posed by them, attend this session to gain a high-level, nontechnological understanding so you can converse with peers and clients about them. Review the basics of blockchain and cryptocurrencies and understand the taxation of common blockchain-related transactions. Explore Schedule 1 and learn how to navigate tax notices, including CP2000, Letter 6173, Letter 6174 and Letter 6174-A. Plus, hear the latest on cryptocurrency tax planning opportunities.

H3. Social Immune Systems: The Science of Diversity, Equity and Inclusion

Speaker(s): Toby Groves
NASBA field of study: Personnel/Human Resources - Non-Technical (1.5)

Equity and diversity stimulate deep learning, flexible thinking, and long-term health and wellness throughout social networks and organizations. Diverse teams also experience improved deliberation processes, decision-making, satisfaction and performance. Learn the science behind social networks and how to “inoculate” your culture with social standards that strengthen equity and diversity. Find out how to build an organizational culture that inspires individual ownership in developing group norms and attitudes that are crucial for embracing diversity. Come away with a better understanding of the social psychology behind equity, diversity and inclusion and strategies to develop a team culture that supports these movements.