J Sessions
Tuesday, November 18,
1 p.m. - 2:15 p.m.
J1. MN Estate Tax: Planning Strategies and Compliance Essentials
Room: L100
Speaker(s): Tara Torseth
NASBA field of study: Taxes - Technical (1.5)
Minnesota is one of the few states that continues to impose a separate estate tax — and navigating its complexities is critical for advisors working with clients who live in, own property in, or plan to move to Minnesota. Take a deep dive into Minnesota’s estate tax structure, highlighting key differences from the federal system and offering practical strategies to reduce state-level estate tax exposure. Whether you’re advising high-net-worth individuals or helping families preserve assets across generations, understanding the nuances of Minnesota estate tax law is essential.
Room: L100, Lower Level | View map
J2. Federal Business Tax Highlights (Repeat of C2)
Room: M100C
Speaker(s): George Koutelieris, Greg White
NASBA field of study: Taxes - Technical (1.5)
(Repeat of C2.) The One Big Beautiful Bill Act brings sweeping changes to business taxation. Learn the key provisions CPAs need to know for 2025. Explore the outcome of the proposed pass-through entity tax (PTET) restrictions, updates to the Section 199A 20% QBID deduction and important changes to the excess business loss (EBL) limitation. Dive into the newly expanded credit for employer-paid FICA taxes, revised requirements for filing Forms 1099-MISC and 1099-NEC and updates to the research deduction. Also, discuss a significant new case addressing the applicability of self-employment tax to LLC members and limited partners.
Room: M100C, Mezzanine Level | View map
J3. Working More Effectively With PDF Documents
Room: M100E
Speaker(s): Tommy Stephens
NASBA field of study: Computer Software & Applications - Non-Technical (1.5)
Portable Document Format (PDF) documents are everywhere! Yet few know how to work effectively with these documents. Learn valuable tips you can use to assist you with creating, editing and securing PDFs. Also, understand how to convert PDFs to fillable forms and secure PDFs, among other features. Don’t miss this chance to learn ten PDF tips you need to know to increase your ROI on PDFs.
Room: M100E, Mezzanine Level | View map
J4-K4. Level One: Form 1120-S
Room: M101A
Speaker(s): George Koutelieris, Greg White
NASBA field of study: Taxes - Technical (3)
S corporations are a favorite for business owners, but the tax rules can be tricky to master. Navigate the ins and outs of S corporation taxation, the most popular choice of tax entity. Gain practical experience with Form 1120-S and key schedules, including Schedule 1125-E. Learn how to determine reasonable compensation for shareholders, report shareholder loans correctly and spot common mistakes that can terminate S corporation status.
Room: M101A, Mezzanine Level | View map
YP TrackJ5-K5. Level Two: Form 1065
Room: M101BC
Speaker(s): Pat Garverick
NASBA field of study: Taxes - Technical (3)
Forming a partnership correctly from the start can save headaches—and taxes—down the road. Build a strong foundation in partnership formation by learning how to determine the inside tax basis of assets, track tax vs. book capital accounts, establish partners’ initial outside basis and capital, and address §704(c) pre-contribution gains. Develop the know-how to allocate gains accurately, report them properly on Schedule K-1 and ensure partnerships start off right.
Room: M101BC, Mezzanine Level | View map