MNCPA Tax Conference

N Sessions

Wednesday, November 16,
9:45 - 11 a.m.

N1. New Taxpayer Adverse Clawback Regulations

Speaker(s): Robert Keebler
NASBA field of study: Taxes - Technical (1.5)

In April 2022 the U.S. Treasury issued new clawback regulations addressing the recapture of many common client transfers. If you have clients with potentially taxable estates, you need to address how these proposed regulations apply to standard estate planning transfers including notes, GRATs, GRITs, QPRTs, 2701 freezes and transfers included in an estate under IRC Sections 2035, 2036, 2037, 2038 and 2042. Examine the new regulations in numerical detail. Walk through examples to master the core concepts and quickly apply those concepts to your clients.

N2. Impact of Remote Workforce on Taxes

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

Remote work is here to stay. While technology may make it easy to have an employee working in a remote location, state and local tax (SALT) issues can surprise you with unexpected consequences if you don’t plan accordingly. Examine the potential tax issues arising from such arrangements, including payroll tax obligations related to remote workers in other states and localities. Gain guidance on the potential issues for the states and localities where employees reside, as well as the employer-related impact on state and local income tax reporting and liabilities.

N3. Tales from the Darkside: IRS Enforcement of Cryptocurrency

Speaker(s): Robert Nordlander
NASBA field of study: Specialized Knowledge - Technical (1.5)

Bitcoin and other cryptocurrencies have created a new generation of millionaires, with the benefit of anonymity. The IRS is spending substantial resources in finding those who possess, purchase and sell cryptocurrencies to ensure that the tax, banking and money laundering laws are being followed. Are you prepared to advise your clients when reporting cryptocurrency transactions? Gain an overview of cryptocurrencies, how this new technology is regulated, the common ways cryptocurrencies are used to evade tax and money laundering laws, and what is expected from taxpayers and their return preparers when cryptocurrencies are involved.