Tax Update and Planning Conference Nov. 24-25, 2014 • Universal City, San Francisco & Webcast

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TAX UPDATE AND PLANNING CONFERENCENOV. 24-25, 2014SHERATON UNIVERSAL HOTEL UNIVERSAL CITYAND HYATT REGENCY SAN FRANCISCO & WEBCAST

Overview:To be a successful tax professional you need the latest information on California and federal tax standards, regulations, court cases and enacted and proposed legislation. This two-day event delivers a detailed review of the biggest changes in individual and corporate taxation for 2014, practical advice for minimizing tax costs and best practices to help you prepare for the upcoming tax season. Don’t miss your opportunity to meet with peers and learn from experts at the 2014 Tax Update and Planning Conference.

Designed for: CPAs, attorneys and other tax practitioners in public accounting and business.

Credit Information CPE: 16 Hours CTEC-Fed: 15 HoursCTEC-CA: 1 HourEA: 15 HoursMCLE: 13 HoursLS-TX: 13 Hours

Level: Update

Prerequisites: None

CONFERENCE OVERVIEW

Thank you to our silver sponsor:

Hyatt Regency San Francisco5 Embarcadero Center

San Francisco, CA 94111

Please note: Agenda will vary based on location, all topics will be covered in Universal City, San Francisco and webcast.

Welcome and Introductions

Federal Tax Update

Tax Services to the Troubled Debtor

Break

1041 Update

Lunch (Plated lunch provided)

Estate Planning and Un-planning

Deadlines: What Should You Do If You Miss One?

Break

Foreign Tax Problems for Americans Abroad (and their CPAs)

Adjourn

AGENDA {AT-A-GLANCE}

08:30

08:35

09:35

10:35

10:45

01:00

03:05

02:15

03:15

04:30

12:00

Day OneNov. 24

Welcome and Introductions

California Tax Update

Section 1411: Net Investment Income Tax

Break

Compliance for the Repair Regulations: Form 3115 Nightmares

Lunch (Plated lunch provided)

ACA: Here Comes Round Two

Break

Pension Update

Virtual Currency

Adjourn

08:30

08:35

09:35

10:35

10:45

01:00

02:40

02:30

03:40

04:30

12:00

Day TwoNov. 25

Welcome and Introductions

Annette Nellen, CPA, CGMA, Esq.San Jose State UniversityConference Co-Chair

Federal Tax UpdateThis session will provide you with all you need to know regarding new legislation, federal tax cases, IRS rulings and legislation.

Gary R. McBride, CPA, Esq., J.D. LLMSummit Accountancy Group , Inc.

Tax Services to the Troubled DebtorDo you know the ins and outs of advising a troubled debtor? Be prepared to provide tax services to troubled debtors with an overview of legal and tax issues, short sales in California, foreclosures, Cash for Keys, HARP and refinancing, debt modification, lender comfort letters, Section 6713 and Section 7216.

Belan K. Wagner, Esq.Wagner Kirkman Blain Klomparens & Youmans LLP

{Break}

1041 UpdateA comprehensive individual tax planning strategy accounts for more than an individual’s working years. Learn about tax on accumulations, Medicare surtax, Section 67(e) final regulations, passive activity rules and fiduciary accounting for distributions from entities.

Jacqueline A. Patterson, J.D., MBT, CPABuchanan & Patterson, LLP

{Lunch–plated lunch provided}

Estate Planning and Un-planning Understand the current estate planning landscape. Explore important topics including portability planning and relief; income tax versus transfer tax; planning with existing irrevocable trusts; rethinking the family limited partnership; life insurance issues; and asset protection considerations.

Michael S. Fredlender, CPAMichael S. Fredlender, CPA, APC

John W. Prokey, Esq.Ramsbacher Prokey LLP

Deadlines: What Should You Do If You Miss One? Taxpayers and tax professionals alike can panic when a deadline is missed. Although not every mistake can be rectified, this session outlines steps you can take to resolve problems caused by a missed tax return, extension or election filing deadline. You will learn how to analyze the impact of a late filed return or election on a taxpayer’s overall tax situation; identify relief opportunities for missed elections affecting taxable income and entity status; and recognize when penalty relief may be available.

David W. Klasing, Esq., CPATax Law Offices of David W. Klasing, P.C.

{Break}

Foreign Tax Problems for Americans Abroad (and Their CPAs)In today’s global economy many Americans work abroad. CPAs must be prepared to address the complex tax issues that arise as a result of international business. This session will cover foreign earned income exclusion (Form 2555), foreign mutual funds (Form 8621), pension plans as foreign trusts (Forms 3520 and 3520-A) and American business owners abroad (Form 5471). Plus, you’ll discuss what to do when clients have compliance issues.

Philip D. W. Hodgen, Esq., LLMHodgenLaw PC

Adjourn

08:30

08:35

12:00

SESSIONDETAILS

01:00

Day One Nov. 24-25 Universl City, San Francisco & Webcast

02:15

04:30

09:35

10:35

10:45

03:05

03:15

Day Two Nov. 24-25 Universal City, San Francisco & Webcast

Welcome and Introductions

Annette Nellen, CPA, CGMA, Esq.San Jose State UniversityConference Co-Chair

California Tax UpdateLearn everything you need to know regarding new rulings, California tax cases and legal changes.

Bob Reynolds, CPAMoss Adams LLP

Section 1411: Net Investment Income TaxDo you know how your clients are impacted by last year’s updates to Section 1411? Understand the impact of phantom income, allocation of deductions, Section 469 planning and rebalancing clients’ portfolios. Plus, you’ll benefit from lessons learned over the past year.

Karen Brosi, EA, CFPKaren Brosi, EA, CFP, a Limited Liability Company

{Break}

Compliance for the Repair Regulations: Form 3115 NightmaresLearn how you can effectively utilize the new rules on cost capitalization, and taxpayer friendly safe harbors. This session will cover how to adopt the safe harbors and make other necessary accounting changes; understand cost capitalization under the new regulations; learn when safe harbors apply; and be able to implement changes on the tax return and complete Form 3115.

Kathleen K. Wright, CPA, J.D., LLM, MBAGolden Gate University

{Lunch–plated lunch provided}

ACA: Here Comes Round Two 2014 has been a year of change in the health care industry. Learn the latest regarding health plan audits for small and large employers; calculating the premium tax credit; the individual mandate and associated penalties; and new forms. You won’t want to miss the details on CPA due diligence as it pertains to the ACA.

Renié M. Burbank, CPAMoss Adams LLP

Barbara C. Oberman, MAM, GBDS, CHRSBarbara C. Oberman Insurance Services, Inc.

Meredith J. Sesser, Esq.Brucker & Morra APC

{Break}

Pension Update From self-directed IRAs to the Form 5500 EZ pilot program for delinquent filers, you’ll be in the know when it comes to tax reporting for qualified retirement plans. Additionally, you’ll learn what you can and cannot do with roll-over IRAs.

Meredith J. Sesser, Esq.Brucker & Morra APC

Virtual CurrencyVirtual currency isn’t just in the science and technology section of the newspaper anymore. This session will help you understand cryptocurrency, mining vs. buying, the risks of loss, record keeping challenges and dealing with future unknowns.

Kevin Dougherty, CPA Deloitte Tax LLP

Robert Lee Massey, CPADeloitte Tax LLP

Adjourn

08:30

08:35

01:00

03:40

09:35

10:35

10:45

02:30

02:40

12:00

04:30

CONFERENCE PLANNING COMMITTEE

Arthur J. (Kip) Dellinger, Jr., CPACooper Moss Resnick Klein & Co. LLPConference Co-Chair

Annette Nellen, CPA, CGMA, Esq.San Jose State UniversityConference Co-Chair

Mark W. Clark, QPA, APABenefit Associates, Inc.

Michael S. Fredlender, CPAMichael S. Fredlender, CPA, APC

Thomas M. Garcia, CPAMoss Adams LLP

Philip D. W. Hodgen, Esq., LLMHogdenLaw PC

Ernest F. Howard, CPAErnest F. Howard, CPA

Jacqueline A. Patterson, J.D., MBT, CPABuchanan & Patterson, LLP

Meredith J. Sesser, Esq.Brucker & Morra APC

Conference Planning Committee

YOUR

has come true

CalCPA Education Foundation Value-Priced Education (VPE) discount programs are now valid for one year from date of purchase.

Purchase during your license renewal month to maximize your savings while earning up to 80 hours of CPE through our conferences, courses and on-demand and PDF self-study products. You have more than 1,200

offerings from which to choose.

Learn more and purchase a discount program at

calcpa.org/discount.

2014-15 Discount Programs:VPE 80 $1,295 VPE 40 $795 VPE 24 $675

ContactCalCPA Education FoundationP.O. Box 45066San Francisco, CA 94145-0066

Phone (800) 922-5272Fax (888) 868-8558Web calcpa.org

Event PricingMember $650Nonmember $850

Conference RegistrationNov. 24-25Hyatt Regency San Francisco Event Code 5141531A

Nov. 24-25 Sheraton Universal City Event Code 5141531B

Nov. 24-25 Webcast Event Code 5141531C

Discount ProgramsSave hundreds with Value-Priced Education (VPE) and Coupons.

VPE 80 $1,295 CalCPA MemberVPE 40 $795 CalCPA MemberVPE 24 $675 CalCPA MemberCoupon 10 $2,495 CalCPA Member

Learn more about CalCPA discount programs, (800) 922-5272 or calcpa.org/discount

Materials for this conference are provided in PDF format. You will receive an email that contains a link for accessing the materials at least three days before the conference.

Registration PolicyAll registrations are taken on a first-come, first-served basis. The CalCPA Education Foundation reserves the right to refuse admission to any individual whose behavior it deems inappropriate.

Cancellation PolicyIf you need to cancel your registration, you must cancel four business days prior to the event to receive a full refund. After that time a refund will be given less a $125 cancellation fee. No refunds will be given for no-shows.

VPE no-shows will have the number of registered CPE hours deducted from their VPE credit.

Coupon no-shows will forfeit the coupon used to register. For registration policies please go to calcpa.org/policies.

Note: Topics and speakers are subject to change.For up-to-date information, please go to calcpa.org

CalCPA Education Foundation is registered with the National Association of State Boards of Accountancy (NASBA), as a

sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417 or www.learningmarket.org.

REGISTRATION INFORMATIONREGISTER ONLINE calcpa.org/TaxUpdate14