CalCPA Education Foundation 15-16 Ultimate CPE Tax Guide

2015-16 calcpa.org/TAXGUIDE

ULTIMATE

CPE TAX GUIDE

For complete course description and registration: calcpa.org/taxguide or (800) 9-CalCPA

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2015-16 Ultimate Tax CPE Guide

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CONTENTS

Firm Resources

Providing a firm foundation for your staff’s professional development!

Transparent Pricing . . . . . . . . . . . . . . . . . .4 Business and Corporate Taxation. . . . . .5 California State and Local Taxation . . . . . . . . . . . . . . . . . 15 Individual Tax Planning and Return Preparation . . . . . . . . . . . . . 17 International Taxation . . . . . . . . . . . . . .25 Partnerships and LLCs. . . . . . . . . . . . . . .30 Trusts and Estate Planning . . . . . . . . . .34

Firm Billing

Staff Training

CalCPA’s firm billing program allows you to designate a single dues contact at your office so individual staff members will no longer be burdened with reminders, invoices or reimbursement forms—less paperwork, postage and hassle. calcpa.org/firm

Onsite Learning Partner with CalCPA to host an Onsite Learning Program at your location to provide high-quality courses, stimulating interactive instruction and unparalleled convenience.calcpa.org/onsite

Coupons Our Coupon 10 Discount Program enables firms to provide staff with high-quality CPE at a discount. Fullytransferable, these coupons provide the flexibility to distribute to staff as needed through the year.

Each coupon entitles you to up to 8 hours of CPE per program with more than 1,300 offerings to choose from. Valid one year from date of purchase. Volume discounts available.calcpa.org/discount-programs

Lay the foundation of your staff members’ professional development.

CalCPA’s comprehensive, multi-day trainings will ensure that your staff has the skills to maximize their productivity, profitability and commitment to your firm. calcpa.org/staff-training

Sponsorship Opportunities Showcase your firm while building relationships and creating lasting impressions at one or more of our conferences or CPE Weeks. Event sponsorship offers you direct contact with your target market. We’ll work with you to maximize your marketing dollars by helping you select programs that meet your specific needs. calcpa.org/media-kit

Leadership Institute CalCPA’s Leadership Institute is a five-day program designed to teach members important skills that will make them better leaders within their firm.

Participants will grow as they focus on improving their leadership behavior, critical thinking and management skills. calcpa.org/leadership-institute

Registration Policies . . . . . . . . . . . . . . . .42

calcpa.org/TAXGUIDE

LEGEND New course for 2015-16 1 Hr

One hour class

2 Hrs

Two hour class

4 Hrs

Four hour class 2-day course 3-day course Recommended for Young and Emerging Professionals Live event materials provided in printed format

CPE solutions made easy.

Available On-Demand

(R) Webcast rebroadcast CPE Weeks

For complete course description and registration: calcpa.org/taxguide or (800) 9-CalCPA

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TRANSPARENT PRICING GUIDE

DISCOUNT PROGRAMS Save up to $1,995 per year with our exclusive member discount for Value-Priced Education (VPE).

Take advantage of great savings for all your CPE needs and choose the learning method that works best for you and your schedule. With live, webcast and on-demand, and more than 1,300 quality education programs to choose from, you have the flexibility to tailor your education to your specific business needs.

CalCPA Education Foundation Discount Programs offer you great value and can be used for conferences, courses, staff training, and CPE Weeks, now including exclusive luxury CPE destinations.

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COUPON COUPON 10 10 programs

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2015-16 Transparent Pricing Guide CPE Credit Hours

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8 hr

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VPE80

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Standard Pricing Courses and CPE Weeks CalCPA Member

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$70

$140

$210

$275

$550

$825

$35

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$47

$94

$188

$282

$375

$750

$1,125

$47

CalCPA Member

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$650

$41

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$850

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PDF

* Conference pricing may vary slightly from standard pricing

4

Materials are provided in an ebook format for most events

2015-16 Ultimate Tax CPE Guide

BUSINESS AND CORPORATE TAXATION

Advanced Tax Planning Techniques

Buying and Selling S Corporations: Tax Planning Opportunities

Learn creative and cutting-edge tax planning techniques, as well as survey various sophisticated and contemporary planning strategies involving partnership, real estate, corporate, international, individual and estate tax rules. Course materials will provide a comprehensive reference for many transaction types and will outline and diagram the discussed planning techniques and structures.

Buying or selling an interest in a closely held corporate business is an important transaction for selling shareholders and buyers—and CPAs must be prepared to carefully consider the unique tax characteristics of an S corporation to best advise their clients, whether they are the sellers or buyers, to accomplish the best possible tax result.

Objectives: • Identify advanced tax planning and structuring techniques.

This course will consider buyer and seller perspectives, relevant law, tax planning opportunities, pitfalls to avoid and necessary compliance issues. We will also review the rules related to determining stock basis of an S corporation, treatment of suspended losses, distributions, accumulated adjustment accounts, the built-in gain tax, excess net passive income tax, allocation of income and losses related to changes in ownership of an S corporation, and tax treatment of S corporation election terminations. Plus, we’ll consider different tax consequences of asset sales and stock sales, including §338 and 336(e) elections.

Objectives:

• Determine cutting-edge tools employed by practitioners in the corporate, partnership, real estate, foreign, estate planning and individual tax arenas.

• Identify potential tax advantages or costs of making the S corporation election.

• Recognize underlying substantive law concepts and how to apply applicable laws to creative planning.

• Identify allocation taxable income or loss between the buyer and shareholder.

• Recall ways to creatively approach tax planning problems.

Prerequisites: Familiarity with substantive partnership, real estate, estate tax and corporate tax rules highly recommended.

• Recognize tax considerations of liquidating an S corporation.

• Determine when to use §338(g), 338(h) (10), 336(e) and qualified subchapter S subsidiary elections.

• Determine how to use an ESOP to sell stock to employees.

• Identify the basics of acquisitive reorganizations and S corporations.

Prerequisites: An understanding of S corporation tax law.

CPE Hours: 8 | MCLE: 6.5 Level: Intermediate

CPE Hours: 8 | CTEC-Fed: 8 | MCLE: 6.5 | LS-EP: 8 IRS-TX: 8

Designed for: CPAs and attorneys with at least five years of experience advising owners of privately owned businesses who own or acquire S corporations; owners and financial managers of privately held corporate businesses; and IRS and FTB employees.

Level: Advanced

Author/Instructor: John G. McWilliams, CPA, J.D.

Designed for: CPAs and tax attorneys who would like to gain an understanding of advanced planning techniques focusing on tax efficiency.

Author/Instructor: Jacob Stein, Esq., J.D., LL.M. Date

Location

Event

Oct. 19

San Luis Obispo CPE Week

4151054A

Nov. 17

San Francisco

4151054B

Nov. 17

Webcast

4151054C

Dec. 9

Palm Springs CPE Week

4151054D

Jan. 25

Orange County North

4151054E

Date

Location

Event

Nov. 20

San Francisco

4152317B

Nov. 20

Webcast

4152317C

For complete course description and registration: calcpa.org/taxguide or (800) 9-CalCPA 5

BUSINESS AND CORPORATE TAXATION 4 Hrs

Corporate Income Tax Return Fundamentals

Corporate Tax Planning Using Stock Redemptions

Diving into the preparation of corporate income taxes requires a shift in mindset from individual tax preparation and compliance. There is no crossover of concepts, rules, forms or schedules. Learn about the concepts and tools you need to support your clients or business, including capitalization, depreciation, carrybacks and other tax issues involving corporations and Form 1120 preparation. Also, understand a practical spreadsheet approach that allows you to efficiently and effectively manage book vs. tax differences (M-1 or M-3 items). Plus, you’ll cover recent tax law changes and delve into a complex corporate return case study, including self-review tips.

The use of stock redemptions to change the ownership of a corporation is common to buy out existing owners, shift ownership to key employees and shift ownership to the younger generation of a family owned corporation. This course reviews relevant federal income tax law and planning strategies to minimize tax cost; focuses on how redemptions of the stock of an S corporation produce unique and potentially desirable tax results; and describes the complex rules that apply to sales of stock to related corporations, which can be treated as redemption (IRC 304). The consequences of redemption for the redeeming corporation are explained and illustrated in this course.

Objectives:

Objectives:

• Identify substantive tax issues involving regular corporations.

• Identify tax planning opportunities related to redemption of stock of corporation.

• Recognize gains and losses, Form 4797 and Sections 1231, 1239, 1245, 1250 and 291.

• Determine a workpaper format and approach to efficiently prepare corporate Form 1120.

• Identify major corporate tax forms, including Form 1120 and related schedules.

• Identify necessary steps to complete a complex sample corporate Form 1120, including workpapers and schedules.

CPE Hours: 8 | CTEC-Fed: 8 | MCLE: 6.5 | IRS-TX: 8 Level: Basic Designed for: First- to third-year preparers, as well as CPAs, tax preparers and attorneys who need a review of corporate returns, corporate tax law, issues or the presentation of Form 1120.

Author/Instructor: George A. Shewchuk, CPA

• Determine the tax law related to shareholder tax consequences of stock redemptions.

• Recognize and illustrate the application the special rules applicable to redemptions of the stock of an S corporation.

• Identify how to use stock redemptions to shift ownership to key employees and to younger family members in a family owned corporation.

• Determine how to use redemptions to buy out a shareholder or shareholder group.

• Recognize tax law related to using stock redemptions to fund the payment of estate tax.

• Identify and illustrate the tax consequences of the redeeming corporation.

Prerequisites: Basic understanding of federal income tax law applicable to corporations and S corporations.

Date

Location

Event

CPE Hours: 4 | MCLE: 3.5

Nov. 11

San Francisco

4151143B

Level: Overview

Nov. 11

Webcast

4151143C

Dec. 14

Webcast (R)

4151143D

Dec. 14

Webcast (6:30 a.m. start) (R)

4151143E

6

Designed for: CPAs and attorneys with at least two years of experience advising owners of privately held businesses; financial management and owners of privately held corporate businesses; IRS and FTB employees.

Author/Instructor: John G. McWilliams, CPA, J.D. Date

Location

Event

Oct. 23

Webcast

4152902A

Jan. 8

Webcast

4152902B

Materials are provided in an ebook format for most events

2015-16 Ultimate Tax CPE Guide

BUSINESS AND CORPORATE TAXATION

4 Hrs

Corporate Tax Planning: Actual and Constructive Distributions

Cost Capitalization A–Z

For successful privately owned businesses, making corporate resources available to shareholders is challenging without significant tax cost. To lessen tax cost, it is common for privately held corporations to use other relationships to make payments to shareholders. This course considers the tax consequences of making dividend distributions to shareholders and the risks of constructive dividend treatment for unreasonable compensation and debt that is recharacterized as equity. It will also provide an overview of bargain sales, shareholder loans, related-party pricing and expense allocation, unreported income and corporate payment of shareholder personal expenses.

Cost capitalization has undergone major changes in recent years and impacts every client in a CPA’s practice and every industry accountant.

This course explores the new repair regulations (effective Jan. 1, 2014), which include several taxpayer friendly safe harbors. These regulations cover the handling of materials and supplies, de minimis expensing and repairs versus improvements. Learn how to implement these rules by filing new annual elections or applying accounting method changes using Form 3115. Plus, investigate issues related to the computation of the IRC 263A adjustment required for all businesses with inventory. Following this course, you’ll be the office expert on this complex and critical area of the law.

Objectives:

Objectives:

• Identify the meaning of dividend income, including the definition of earnings and profits.

• Identify new repair regulations.

• Recognize tax consequences of dividend income to individual shareholders and dividend income received by corporate shareholders.

• Determine and illustrate tax consequences of nonliquidating distributions for distributing corporations.

• Identify and discuss the law applicable to stock dividends.

• Recall constructive dividend consequences.

• Recognize and evaluate the risk of unreasonable compensation.

• Identify the laws applicable to distinguish debt from equity.

• Recognize long-term consequences and constructive dividend risks of shareholder loans.

• Identify and evaluate the constructive dividend risks associated with related-party pricing and expense allocation, unreported income, shareholder personal expenses paid by corporations and other situations.

Prerequisites: Understanding of the basics of federal income tax law applicable to corporations and shareholders.

• Recognize new exceptions that govern materials and supplies and de minimis expensing.

• Determine the difference between capitalized costs and deductible repairs.

• Identify the intricacies of an IRC 263A (inventory cost capitalization) computations and adjustment.

• Recall how inventory cost capitalization rules interact with new repair regulations.

• Identify how new repair regulations will be applied on the California income tax return.

• Determine when the change is made by an election versus a change of accounting method.

Advanced Preparation: Please review course materials prior to attending class.

Prerequisites: Basic understanding of cost capitalization and depreciation concepts.

CPE Hours: 8 | CTEC-Fed: 8 | MCLE: 6.5 | IRS-TX: 8

CPE Hours: 4 | MCLE: 3.5

Level: Intermediate

Level: Overview

Designed for: CPAs and corporate accountants responsible for inventory and fixed asset accounting in specialized industries.

Designed for: CPAs and attorneys with at least two years of experience advising privately held corporate businesses; owners; and financial advisers of privately held corporate businesses and employees of the IRS and FTB. Author/Instructor: John G. McWilliams, CPA, J.D. Date

Location

Author/Instructor: Kathleen K. Wright, CPA, J.D., LL.M.

Date

Location

Event

Oct. 26

LA/Beverly Hills

4152778D

Event

Nov. 6

Webcast (R)

4152778E

Nov. 6

Webcast (6:30 a.m. start) (R)

4152778F

Oct. 23

Webcast

4152917A

Jan. 8

Webcast

4152917B

For complete course description and registration: calcpa.org/taxguide or (800) 9-CalCPA 7

BUSINESS AND CORPORATE TAXATION

Deal Structure for Mergers and Acquisitions

ESOPs: Uses, Strategies, Benefits and Pitfalls

Changes in the transaction structure of merger and acquisition deals can significantly impact after-tax cash flows. Gain a significant competitive advantage by understanding how taxes affect M&A and divestiture transaction structures by examining the mechanics of M&A deals; the structures of taxable assets and stock acquisitions; triangular and reverse triangular mergers; practical issues in structuring and pricing; types of tax-free reorganizations; tax planning for divestitures; and key elements of purchase and sale documents.

Get acquainted with the most popular ESOP scenarios and structures you are likely to encounter when working with private companies. We’ll examine implementations for C and S corporation clients using reallife case studies; learn how ESOPs are used to achieve various planning objectives; and how to avoid tax and legal risks often perceived as ESOP byproducts. ESOP valuations and GAAP accounting for ESOP loans will be presented by guest experts.

Objectives:

• Determine appropriate ESOP transaction for your company or client.

• Identify the M&A process for private and public deals.

• Determine the types of taxable acquisitions of C and S corporations.

• Recognize the types of tax-free acquisitions of C corporations and the requirements for tax-free treatment.

• Identify differences between the taxable sale of S and C corporations.

• Calculate acquisition prices at which a seller (target) and an acquirer are indifferent about the various acquisition structures.

• Recognize various types of taxable and tax-free divestiture methods (including equity carve-outs, spin-offs and tracking stock) and their tax consequences.

• Determine the effect of the acquisition structure on the target firm’s tax attributes.

• Identify key sections of purchase and sale documents.

Prerequisites: General understanding of ordinary income and capital gain taxation, as well as general knowledge of regular and S corporation structures.

CPE Hours: 8 | MCLE: 6.5

Objectives: • Identify when an ESOP is appropriate.

• Recognize fiduciary risk management.

• Identify the basics of ESOP feasibility analysis.

• Recognize current and emerging issues.

• Identify tax advantages of ESOPs and non-ESOP alternatives.

• Determine problematic plans and potential pitfalls.

Advanced Preparation: Read case studies in ebook prior to lecture.

Prerequisites: Knowledge and experience in corporate tax and business transactions. Basic knowledge of qualified retirement plan taxation.

CPE Hours: 8 | MCLE: 6.5 | CFP: 8 Level: Advanced Designed for: CPAs, attorneys, CFOs, controllers and other financial professionals interested in learning more about identifying and consulting on ESOP strategies.

Author/Instructor: Kevin G. Long, Esq.

Level: Intermediate Designed for: CPAs and financial professionals.

Author: James B. Katherman, CPA Instructor: George A. Shewchuk, CPA Date

Location

Location

Event

Nov. 11

San Francisco Peninsula

4152409A

Nov. 11

Webcast

4152409B

Event

Sept. 25

Los Angeles Airport

4151994A

Nov. 5

San Francisco

4151994B

Nov. 5

Webcast

4151994C

Dec. 9

Webcast (R)

4151994D

Dec. 9

Webcast (6:30 a.m. start) (R)

4151994E

8

Date

Materials are provided in an ebook format for most events

2015-16 Ultimate Tax CPE Guide

BUSINESS AND CORPORATE TAXATION

Federal and California Tax Update

Federal and California Tax Update for Businesses and Estates

Economic developments, legislative changes, new statutes and cases impact the way individual and business tax return are filed.

This course provides an overview of federal and California statutory developments and significant cases from 2015, as well as an update on federal and California tax law changes and how these tax issues are related. We’ll also analyze planning opportunities and pitfalls that may exist as a result of differences between federal and state laws.

Learn from top-rated instructors Gary McBride and Annette Nellen to ensure you are up to date on the year’s tax law changes that will impact you and your practice. This course focuses on the latest federal and California tax developments affecting C and S corporations, partnerships, estates, trusts and exempt organizations. It examines new legislation, 2015 cases and rulings and provides valuable planning and practice insights.

Objectives:

Note: This is the companion course to Federal and California Tax Update for Individuals.

• Recognize how federal and California changes will impact your clients’ tax situation.

Objectives:

• Identify conformity issues.

• Identify how to apply new provisions to complex tax situations.

• Recognize and clarify ambiguous areas of federal or state law that were uncertain in 2014.

Course materials provide access to the full text of the items covered in this year’s program—every significant tax statute, case, regulation and ruling of the past year affecting business entities, estates, trusts and exempt organizations, plus a CD containing the manuals of the prior ten years.

Materials are supplemented by a website maintained for this course that provides up-to-date additions and other supplementary materials. This extraordinary practice tool allows practitioners to easily research 2015 tax law developments.

• Recognize new federal and California tax legislation affecting corporations, partnerships, estates and trusts and how that legislation will impact your clients.

• Identify the past year’s significant regulations, IRS and FTB rulings, and other administrative guidance on business and estate tax matters.

• Determine the most important 2015 court cases addressing business and estate tax issues.

Prerequisites: General taxation knowledge.

Prerequisites: Basic federal and California tax background.

CPE Hours: 8 | CTEC-Fed: 8 | IRS-FTL: 8 | MCLE: 6.5 | LS-TX: 6.5

CPE Hours: 8 | CTEC-CA: 3 | CTEC-Fed: 5 | IRS-FTL: 5 MCLE: 6.5 | LS-TX: 6.5

Designed for: CPAs, financial professionals and attorneys interested in federal or California tax developments related to business entities and estate planning.

Level: Update Designed for: CPAs, attorneys and other licensed tax return preparers who complete California tax returns.

Author/Instructor: Kathleen K. Wright, CPA, J.D., LL.M. Date

Location

Event

Level: Update

Authors/Instructors: Gary R. McBride, CPA, J.D., LL.M., Esq.; Annette Nellen, CPA, CGMA, Esq. Date

Location

Event

Dec. 4

Eureka

4151501A

Dec. 8

East Bay Area

4151501B

Dec. 11

Palm Springs CPE Week

4151501C

Dec. 15

Fresno

4151501D

Nov. 2

Newport Beach CPE Week

4151583A

Dec. 18

San Jose Area

4151501E

Nov. 30

San Francisco

4151583B

Dec. 18

Webcast

4151501F

Nov. 30

Webcast

4151583C

Jan. 5

Burbank Area

4151501G

Dec. 7

San Fernando Valley

4151583D

Jan. 8

Sacramento Area

4151501H

Dec. 21

Webcast

4151583E

Jan. 12

Orange County South

4151501I

Dec. 21

Webcast (6:30 a.m. start) (R)

4151583F

Jan. 15

San Francisco

4151501J

Jan. 11

San Francisco Peninsula

4151583G

Jan. 11

Webcast (R)

4151583H

Jan. 15

Webcast

4151501K

Jan. 19

Los Angeles Airport

4151501L

Jan. 22

San Diego Area

4151501M

Jan. 26

San Francisco Peninsula

4151501N

Jan. 26

Webcast

4151501O

For complete course description and registration: calcpa.org/taxguide or (800) 9-CalCPA 9

BUSINESS AND CORPORATE TAXATION 2 Hrs

Federal Income Taxation of Marijuana Businesses With at least two states—Colorado and Washington—having legalized marijuana sales and many more, including California, allowing medical marijuana sales, CPAs and industry professionals need to stay current on the evolving federal income tax and other applicable tax laws to best serve their clients.

Objectives: • Identify the primary legal and tax changes affecting businesses.

• Determine the effects of correctly reporting marijuana sales for federal income tax purposes.

CPE Hours: 2 | MCLE: 1.5 | LS-TX: 1.5

Federal Tax Appeals and Alternative Dispute Resolution A tax compliance practice begins with a study of a client’s business and tax needs and circumstances, which lead to tax planning and return preparation.

Then, as is happening more often, the IRS exam. While the audit conclusion is the endpoint for many practitioners, a competent tax adviser should know about the subsequent steps in the controversy process—and be prepared to represent a client past the unagreed examination.

It is at this juncture in the compliance process where costs (tax, penalties, interest and representation) become the major concern of the client.

Expand your controversy and representation knowledge and skills, which can serve to facilitate your menu of service offerings and expand your tool kit.

While this course is presented at the intermediate level, less experienced practice participants should have no problem assimilating the material Designed for: CPAs and financial professionals in public practice and industry toward the above ends. who advise clients and business.

Objectives: Author/Instructor: David J. Clark, CPA, J.D., Esq. • Recognize why Appeals exists.

Level: Overview

• Identify Appeals processes that can be used when disputes arise.

Date

Location

Event

Oct. 30

Webcast

4152994A

• Choose the best route to pursue when a case is unagreed at Examination or Appeals.

• Recall how to perform required actions: Filing the protest, interacting with the Appeals Officer, settling based on hazards analyses and taking the next step at Appeals.

• Recognize Appeal penalties and identify how to negotiate penalty settlements.

• Identify how to use closing agreements.

• Determine alternative dispute resolution techniques at Examination and Appeals.

CPE Hours: 8 | CTEC-Fed: 8 | IRS-TX: 8 | MCLE: 6.5 | LS-TX: 6.5 Level: Intermediate Designed for: Practitioners who represent taxpayers before the Office of Appeals; who desire to represent or assist an appeals specialist with their own or another’s clients in the appeals process; or who want to learn enough about the process to effectively advise their own clients about the next step(s) in the administrative appeals process.

Author/Instructor: Jack E. Tucker, CPA

10

Date

Location

Event

Nov. 12

San Francisco

4152615B

Nov. 12

Webcast

4152615C

Jan. 27

Los Angeles Airport

4152615D

Materials are provided in an ebook format for most events

2015-16 Ultimate Tax CPE Guide

BUSINESS AND CORPORATE TAXATION 4 Hrs

Fundamentals of 1031 Exchanges

Incorporating a Business

This authoritative course covers critical aspects, common problem areas and strategies for successful § 1031 exchanges, from deferred exchange rates to 1031 frameworks to partnership and TIC issues. Delve into a Form 8824 preparation exercise that includes replacement property adjusted basis computation and other details. Additionally, we’ll dedicate time to advanced 1031 exchange strategies. Bring your questions and be prepared to increase your expertise.

The tax consequences related to the transfer of property to a corporation for corporate stock can be eligible for a favorable tax deferred result. Learn when and how the favorable result is accomplished. Topics considered include asset transfer for stock, the formation of a new corporation starting a new business, the incorporation of an existing business, incorporation of partnerships or LLCs, statutory entity conversions and “checking the box” for existing partnerships converting to a corporation.

Objectives:

Objectives:

Objectives:

• Understand how to prepare IRS Form 8824.

• Identify which federal tax laws impact C and S corporations, partnerships, LLCs, LLPs and their owners with an emphasis on any new legislative changes.

• Determine 1031 exchange mathematics, including napkin test, boot and adjusted basis.

• Determine the requirements to qualify for tax deferral as a result of IRC 351.

Federal Tax Update: C & S Corporations, Partnerships & LLCs (Forms 1120, 1120S & 1065) Prepare for tax season with this power-packed, one-day federal business entity update course.

With an uncertain economic environment and increasingly complex legislative and regulatory changes, be sure you are up to date on new tax forms and changes to existing tax forms, as well as tax planning opportunities and pitfalls. This is a must-attend course for tax practitioners who want to quickly get up to speed for a successful federal business income tax filing season.

• Recognize the most common preparation issues for business income tax returns through numerous examples, practice aids and review of the IRS tax forms.

• Recognize conceptual issues in 1031 exchanges.

• Recognize the tax consequences of receiving something other than stock (“boot”).

• Identify advanced concepts, such as improvement exchanges, reverse exchanges, non-safe harbor exchanges and drop-andswap.

• Identify and illustrate complications related to liability assumptions.

• Recall anti-abuse rules related to transferring assets with built in losses.

• Determine ethics and client counseling issues.

• Determine how to apply IRC 351 to transactions converting partnerships and LLCs to corporations.

Prerequisites: General knowledge in C corporation, S corporation, partnership and individual income taxes.

• Identify how to evaluate and counsel clients about risk.

CPE Hours: 8 | CTEC-Fed: 8 | CFP: 8 | IRS-FTL: 8 | MCLE: 6.5

Prerequisites: Basic knowledge of tax return preparation or familiarity with investment real estate planning, brokerage or operations.

Level: Update Designed for: CPAs and tax accountants in public or private practice in need of a federal business entity income tax update course.

Author: Garverick CPE LLC Instructor: J. Patrick Garverick, CPA, CFP, MT

CPE Hours: 8 | ET: 2 | CTEC-Fed: 8 | IRS-TX: 8 | MCLE: 6.5 | LS-TX: 6.5 Level: Intermediate Designed for: CPAs, attorneys, CFPs, enrolled agents, real estate and other professionals interested in an update, review or opportunity to discuss 1031 questions, as well as professional staff who prepare or review income tax returns.

Date

Location

Event

Oct. 23

San Luis Obispo CPE Week

4151988A

Oct. 30

Orange County South

4151988B

Nov. 10

San Francisco

4151988C

Date

Location

Event

Nov. 10

Webcast

4151988D

Nov. 3

San Francisco

4151492A

Nov. 17

Los Angeles Airport

4151988E

Nov. 3

Webcast

4151492B

Nov. 17

Sacramento Area

4151492C

Dec. 14

Los Angeles Airport

4151492D

Jan. 6

Webcast (R)

4151492E

Jan. 6

Webcast (6:30 a.m. start) (R)

4151492F

Author/Instructor: G. Scott Haislet, CPA, Esq.

• Identify special complications related to incorporating an existing business.

• Recognize the complications related to transfers involving both property and the performance of services.

CPE Hours: 4 Level: Overview Designed for: CPAs and attorneys with at least two years of experience advising owners of privately held businesses; financial management and owners of privately held corporate businesses; IRS and FTB employees.

Author/Instructor: John G. McWilliams, CPA, J.D. Date

Location

Event

Nov. 6

Webcast (R)

4152996B

For complete course description and registration: calcpa.org/taxguide or (800) 9-CalCPA 11

BUSINESS AND CORPORATE TAXATION

Looking for Hidden Benefits: Federal and State Tax Incentives

S Corporation Preparation, Basis Calculations and Distributions: Schedule K and K1 (Form 1120S) Analysis

Learn about recent developments in available federal and state credits, including how to qualify, factors affecting how the credits can be used and This comprehensive course is designed to get you how to ensure that the credits claimed by your up to speed quickly with S corporation formation client will be protected upon audit. and preparation issues as well as a complete We’ll also discuss new credits available under the understanding of calculating a shareholder’s Affordable Care Act, new developments with the stock and debt basis. The cornerstone of this course is the in-depth, line-by-line analysis of extension of certain benefits by Congress and California’s new economic development program. the Schedule K and K-1 (Form 1120S) and how these items affect the shareholder’s individual Objectives: income tax return.

• Identify tax incentives that apply to your clients.

• Recognize tax credits that can be used as financing tools.

• Identify the new geographic incentive areas in California.

• Identify how to form an S corporation.

• Recall how to prepare Form 1120S Schedule K & K1.

• Determine benefits available to individuals and employers under the Affordable Care Act in 2014.

• Recognize how losses and deductions may be limited on the Form 1040 due to the basis, at-risk and passive activity.

CPE Hours: 8 | CTEC-CA: 3 | CTEC-Fed: 4 IRS-FTL: 4 | MCLE: 6.5

Prerequisites: General knowledge in individual and S corporation income taxes.

Level: Overview

CPE Hours: 8 | CTEC-Fed: 8 | IRS-TX: 8 | MCLE: 6.5

Designed for: CPAs, attorneys, and controllers who want to expand the tax planning aspects of their practice for clients and employers.

Level: Intermediate

Date

Location

Event

Nov. 9

San Francisco Peninsula

4153007B

Nov. 9

Webcast

4153007C

Jan. 4

Webcast (R)

4153007D

Jan. 4

12

Webcast (6:30 a.m. start) (R)

4153007E

Understanding key S corporation issues is an important focus for CPAs. We’ll examine key code sections and regulations and review S election procedures; analyze adjustments to a shareholder’s stock and debt basis; explore computation of various S corporation equity accounts (AAA, OAA, E&P and PTI); and calculate the tax treatment of distributions. We’ll also study selected corporate and shareholder elections, and, time permitting, discuss the significance of the taxes on excess passive income and built-in gains.

Objectives:

Objectives:

• Outline the process of reporting distributions and calculating the Schedule M-2.

• Identify developments in the research credit for • Calculate a stockholder’s stock and debt basis. federal and state purposes.

Author/Instructor: Kathleen K. Wright, CPA, J.D., LL.M.

S Corporations Workshop

Designed for: CPAs and tax professionals that need an in-depth training course on tax preparation issues, basis calculations and distributions rules for S corporations and their shareholders.

Author: Garverick CPE LLC Instructor: Mark Vanden Berge, CPA Date

Location

Event

Nov. 18

San Francisco Peninsula

4151622A

Nov. 18

Webcast

4151622B

Dec. 16

Los Angeles Airport

4151622C

Materials are provided in an ebook format for most events

• Identify all options associated with S corporation elections.

• Determine S corporation stock and debt basis calculations.

• Recall the use of appropriate elections.

• Recognize how and when to use qualified subchapter S subsidiaries (QSubs).

• Determine aspects of undercompensation of shareholders/employees.

Prerequisites: A general knowledge of S corporation taxation issues.

CPE Hours: 8 | CTEC-Fed: 8 | IRS-TX: 8 | MCLE: 6.5 LS-TX: 6.5 Level: Intermediate Designed for: CPAs and attorneys who need a working knowledge of S corporation fundamentals, pitfalls and traps, as well as an understanding of the latest rulings and regulations.

Author: Norman S. Solomon, CPA, J.D., LL.M. Instructor: John G. McWilliams, CPA, J.D. Date

Location

Event

Nov. 13

San Francisco Peninsula

4151625A

Nov. 13

Webcast

4151625B

Dec. 16

Burbank Area

4151625D

Jan. 7

Webcast (R)

4151625E

Jan. 7

Webcast (6:30 a.m. start) (R)

4151625F

2015-16 Ultimate Tax CPE Guide

BUSINESS AND CORPORATE TAXATION

2 Hrs

S Corporations: Tax Consequences of Termination, Liquidation and Sale

Staff Tax Training: S Corporations (Form 1120S)

This comprehensive two-day training course S corporations play an increasingly important role provides an understanding of taxation issues related to S corporations and their owners. in tax planning for closely held corporations and Highlights include the calculation of shareholder their shareholders. Among the most complicated stock and debt basis, preparation of schedules K, issues that CPAs face involving accounting and K-1, M-1 and M-2. The cornerstone of this course taxation for the termination, liquidation and is the integration of the most recent tax laws sale of an interest in an S corporation. Develop and theories into real-world case scenarios with an increased awareness and expertise in S attendees preparing and reviewing relevant IRS corporation issues, and acquire the tools to plan and implement beneficial S corporation related tax tax forms and practice aids. This year, the course will include a review of the 3.8% net investment strategies. income tax and the additional 0.9% Medicare tax on high income shareholders’ wages.

Objectives: • Recognize options available to liquidate, sell or otherwise terminate the interests of S corporation stockholders.

• Identify ways to integrate complex topics to minimize the tax effects on the stockholders whose interests are terminated.

• Determine how to avoid pitfalls for new and remaining owners of businesses.

Prerequisites: A good working knowledge of S corporation taxation.

CPE Hours: 8 | CTEC-Fed: 8 | IRS-TX: 8 | MCLE: 6.5 LS-TX: 6.5 Level: Intermediate Designed for: CPAs and attorneys with at least five years’ experience with S corporation issues.

Author: Norman S. Solomon, CPA, J.D., LL.M. Instructor: John G. McWilliams, CPA, J.D. Date

Location

Event

Dec. 15

Webcast (R)

4151477C

Dec. 15

Webcast (6:30 a.m. start) (R)

4151477D

Objectives: • Outline the ins and outs of S corporation taxation.

• Identify the most recent tax laws affecting S corporations.

• Determine the best option for clients by comparing and contrasting the tax and nontax issues of the S corporations and other flow-through entities.

Prerequisites: Basic understanding of individual income taxation.

CPE Hours: 16 | CFP: 16| CTEC-Fed: 16| IRS-TX: 16 MCLE: 13

Structuring IC-DISCs to Maximize Your Tax Benefits The IC-DISC tax incentive for exporters of U.S.manufactured products offers the opportunity to decrease federal income tax on a portion of exports by 20 percentage points. As the number of IC-DISCs implemented has grown exponentially during the last 10 years, now is the time to review the basics of creating an IC-DISC and explore case studies that show how different structuring opportunities can help an exporter maximize its IC-DISC benefit.

Objectives: • Determine how to qualify and implement a corporation as an IC-DISC, including determining qualified export property and calculating the commission.

• Identify structures to satisfy different business scenarios to maximize IC-DISC benefits.

CPE Hours: 2 | MCLE: 1.5 Level: Overview Designed for: CPAs and financial professionals in public practice advising clients and businesses; individuals, sole practitioners and small and large firms and businesses.

Author/Instructor: Robert Misey, J.D., LL.M.

Level: Basic Designed for: Tax return preparers, staff accountants and paraprofessionals with little or no experience. Also, out-of-practice public accountants seeking a comprehensive S corporation income tax course.

Date

Location

Event

Nov. 3

Webcast

4153036A

Author: Garverick CPE LLC Instructor: Mark Vanden Berge, CPA

Date

Location

Event

Nov. 16-17

San Francisco Peninsula

4152051A#

Dec. 14-15

Los Angeles Airport

4152051B#

For complete course description and registration: calcpa.org/taxguide or (800) 9-CalCPA 13

BUSINESS AND CORPORATE TAXATION

Tax Considerations for Buying and Selling a Business We’ll review the options for structuring a sale from both the buyer’s and seller’s perspectives with the purpose of minimizing tax cost and consider the sale of C corps, S corps and partnerships to aid you in planning the sales transaction and determining the value of using a partnership or S corp to conduct the business.

Also, we’ll cover topics that are not routinely considered in a tax compliance practice, but are important to the sale of a business.

Objectives: • Recognize tax planning opportunities for selling a business.

• Identify the tax consequences of using employment and consulting agreements, covenants not to compete, personal goodwill and contingent sales price.

• Recall how to treat acquired intangibles (IRC 197).

• Identify the basics of Section 754 and Section 338 elections.

• Determine how to best transfer ownership to employees.

Prerequisites: An understanding of the taxation of corporations, S corporations and partnerships.

Tax Research Skills Tax research skills are a critical component of a tax practitioner’s professional arsenal.

Enhance your ability to identify tax issues, locate and evaluate primary source authority, and communicate research results in writing.

Electronic tax research services and internet resources will be demonstrated to help you effectively perform your tax research.

Objectives: • Recognize differences between the primary source authorities and their hierarchical weight.

Multistate Sales and Use Tax as a Profit Center Maximize your effectiveness serving clients who file California and multistate sales and use tax returns. Learn to review a California sales and use tax return; identify liabilities and potential refund opportunities; review leading national cases regarding sales and use tax; sales and use tax errors; and the status of the Streamlined Sales and Use Tax Agreement. We’ll also address areas where California differs from other states, such as drop shipments.

• Determine and enhance your ability to analyze facts, identify tax issues and locate and evaluate primary source authority when using an electronic tax research service.

Course materials summarize the organization of the California State Board of Equalization, provide an easy-to-follow drop shipment flow chart, appropriate regulations and case citations.

• Determine and practice online and electronic federal and state tax research services.

Objectives:

• Recall reasoning skills necessary in evaluating conflicting administrative (IRS) and judicial sources (court decisions).

• Identify how to reconcile or distinguish similar cases.

Prerequisites: General knowledge in performing tax research.

CPE Hours: 8 | IRS-TX: 8 | MCLE: 6.5 | LS-TX: 6.5

• Identify common sales and use tax return errors and areas of non-compliance.

• Identify audit errors and missed refund opportunities.

• Recognize the complex tax planning needed for business reorganization.

• Determine how states view “benefits received” vs. “where performed.”

CPE Hours: 8 | MCLE: 6.5

Level: Update

Level: Intermediate

• Identify the difference between economic nexus and physical nexus.

Designed for: CPAs, enrolled agents, attorneys and other professionals who need to research tax issues.

• Recognize how California and other states treat drop shipment transactions.

Author/Instructor: C. Andrew Lafond, CPA

Prerequisites: Sales and use tax compliance and audit experience.

Designed for: CPAs and attorneys who have at least two years of experience advising owners of privately owned businesses.

Author/Instructor: John G. McWilliams, CPA, J.D.

Date

Location

Event

CPE Hours: 8 | CTEC-CA: 8

Date

Location

Event

Dec. 15

Los Angeles Airport

4151354A

Level: Intermediate

Dec. 11

San Francisco

4152549B

Dec. 16

San Francisco Peninsula

4151354B

Dec. 11

Webcast

4152549C

Dec. 16

Webcast

4151354C

Jan. 22

Webcast (R)

4152549D

Jan. 5

Webcast (R)

4151354D

Designed for: CPAs, attorneys and other tax practitioners filing California and multistate sales and use tax returns.

Jan. 22

Webcast (6:30 a.m. start) (R)

4152549E

Jan. 5

Webcast (6:30 a.m. start) (R)

4151354E

Author/Instructor: Daniel L. Thompson, CPA

14

Materials are provided in an ebook format for most events

Date

Location

Event

Dec. 1

LA/Beverly Hills

4152803C

2015-16 Ultimate Tax CPE Guide

CALIFORNIA STATE AND LOCAL TAXATION 2 Hrs

Multistate Sales and Use Tax Compliance

Multistate Taxation of Business Entities

We’ll cover the basics of California and multistate sales and use tax nexus, drop shipments, regulations and audit and appeal procedures. Gain an in-depth understanding of the myriad sales and use tax issues and planning opportunities in California and other states, and learn how various states approach the Streamlined Sales and Use Tax Agreement.

We’ll also review cases in sales and use tax.

Course materials include an easy-to-follow drop shipment flow chart, appropriate regulations and case citations.

Focus on a discussion of the states doing business requirements, apportionment and filing tax returns in a multistate environment.

Gain an in-depth understanding of the complexity and planning opportunities involved in applying California’s new single sales factor apportionment formula, and learn how other states address the issue of apportionment.

Explore the tax computation and reporting requirements for states that assess a tax on gross receipts; review the growing trend toward use of market-based sourcing in several states, including California; and learn what it means to be included in a unitary group and how to file a combined report.

Objectives: • Recognize the difference between sales and use tax, and the sales and use tax areas of non-compliance.

• Determine nexus positions taken by states regarding the difference between economic nexus and physical nexus.

• Identify how California and other states treat drop shipment transactions.

• Identify business and tax decisions regarding compliance.

• Determine how tax departments and audits are organized in multistates.

• Identify the status of the Streamlined Sales and Use Tax Agreement.

Prerequisites: Experience in sales and use tax compliance and audits.

CPE Hours: 2 | CTEC-CA: 2

Objectives: • Identify how California and other states have expanded their definition of “doing business” and how these developments will affect your clients.

• Determine when, where and how to file income tax returns in other states.

Designed for: CPAs, attorneys and other tax practitioners interested in gaining an understanding of sales and use tax topics.

Author/Instructor: Daniel L. Thompson, CPA Date

Location

Event

Jan. 19

Webcast (R)

4152848B

Local and global economic trends continue to shape the California real estate industry landscape. To stay at the top of your professional game, you need to know what’s in store, and what information is necessary to protect your client’s holdings?

Attend the 2015 Real Estate Conference to find out what is affecting this sector of business, as well as learn about the economic, tax and legal developments impacting property owners. Don’t miss your chance to get the latest information and updates from top experts in the field.

Objectives: • Recognize which economic and legislative issues affect real estate owners, developers, property managers and builders.

• Determine how tax and financial matters related to real estate impact individuals and businesses.

• Identify which states tax corporations and how the tax is computed, including franchise taxes and capital stock taxes.

Prerequisites: Basic knowledge of accounting and tax.

• Determine the unitary method and the impact to your client from being a member of the unitary group.

Level: Update

• Recognize apportionment formulas and unique concepts, such as throwout and throwback.

CPE Hours: 8 | CTEC-CA: 8

Level: Intermediate

CONFERENCE Real Estate Conference

CPE Hours: 8 | MCLE: 6.5

Designed for: CPAs, attorneys and other professionals who advise companies and individuals with real estate holdings in California and beyond.

Level: Overview

Date

Location

Event

Designed for: CPAs, attorneys and other tax practitioners filing tax returns in multiple states, and those who provide tax advice regarding planning strategies for clients whose businesses expand outside of California.

Oct. 28

Burbank Area

5151422A

Oct. 28

Webcast

5151422B

Author/Instructor: Kathleen K. Wright, CPA, J.D., LL.M. Date

Location

Event

Dec. 11

Webcast (R)

4153004D

Dec. 11

Webcast (6:30 a.m. start) (R)

4153004E

For complete course description and registration: calcpa.org/taxguide or (800) 9-CalCPA 15

CALIFORNIA STATE AND LOCAL TAXATION

Multistate Taxation of Flow-Through Entities

Multistate Taxation of Individuals

Focus on how flow-through entities are taxed by states and look at their income base and rate structure; discuss all types of flow-through entities with particular emphasis on LLCs, S corporations and trusts; explore the doing business concept and how it applies to flow-through entities that are organized outside the state.

It’s likely that many of your clients have employees who travel into another state for short periods of time to make sales calls, follow up with existing customers or do one of a hundred different things associated with conducting your business. Did you know that an employee’s minimal presence in another state can trigger that state’s withholding tax obligations?

We also will analyze how the income flows through to the partner, shareholder or member and when the owner is deemed to be doing business in the state; look at the states that offer (and those that require) the filing of a composite tax return; dissect the requirements that apply to filing this unique tax return; and gain a full understanding regarding utilization of credits by both the multistate entity and their owners.

Course materials will summarize key attributes of a state’s tax system in an easy-to-follow format.

Objectives: • Identify how California and other states tax flow-through entities and how these assessments are computed.

• Determine when the entity and their owners are doing business in the state.

• Recognize how to apportion the tax base at both the entity and the owner level.

• Recall special apportionment rules that apply to the undistributed income of a trust.

In this course you’ll find out about the complexities of complying with withholding tax administrative duties when an out-of-state firm sends an employee into a state for only a few days during the year. This commonplace transaction has tax ramifications that are frequently ignored, which can be a costly error as states begin to enforce the tax filing requirements associated with telecommuters and the mobile work force.

Additionally, this class will reacquaint attendees with taxation of nonresidents, particularly individuals who are self-employed and have income from multistate sources. The seminar will also cover the complexities of sourcing income from stock options, royalties and different types of sale transactions. The course will also cover guidelines related to residency determinations in California and in other states.

Objectives: • Explain how the telecommuting employee can trigger employer withholding requirements.

• Identify when, where and how to file a composite return.

• Review the difference between state withholding requirements and the state’s doing-business standard.

• Determine the penalty assessments imposed on these complex structures.

• Understand a state’s specific withholding guidelines (number of days vs. wages earned in the state).

• Identify new state developments.

• Learn when the employee is required to file a nonresident income tax return in another state.

CPE Hours: 8 | CTEC-CA: 4 | CTEC-Fed: 4 | IRS-TX: 4 | MCLE: 6.5

• Understand the rules governing residency in California and other states.

Level: Overview

• Understand how a nonresident pays tax in California and other states.

Designed for: CPAs, attorneys and other tax practitioners filing tax returns in multiple states for flow through entities (including trusts and their beneficiaries); tax advisers who provide planning strategies for clients whose businesses expand outside of California.

• Unravel the complexities of claiming the credit for taxes paid to other states.

Author/Instructor: Kathleen K. Wright, CPA, J.D., LL.M.

Level: Overview

Date

Location

Event

Sept. 21

Webcast (R)

4153005D

Sept. 21

Webcast (6:30 a.m. start) (R)

4153005E

16

CPE Hours: 8 | CTEC-CA: 4 | CTEC-Fed: 4| IRS-Fed: 4 | MCLE: 6.5 Designed for: Corporate controllers, payroll administrators and CPAs with clients whose employees work in multiple states. Also practitioners who advise clients on residency determinations.

Author/Instructor: Kathleen K. Wright, CPA, J.D., LL.M. Date

Location

Event

Nov. 16

Webcast (R)

4153003D

Nov. 16

Webcast (6:30 a.m. start) (R)

4153003E

Materials are provided in an ebook format for most events

2015-16 Ultimate Tax CPE Guide

INDIVIDUAL TAX PLANNING AND RETURN PREPARATION

Advanced Tax Collection Defense Tax collection issues can be as simple as responding to a bill or as complicated as a bankruptcy reorganization. For a CPA to represent a client in a tax collection matter, the CPA should have a fundamental understanding of tax collection laws, know the options for resolving tax collection cases and the procedures available for reaching those resolutions. This course will analyze applicable laws, procedures and potential resolutions, including the law of tax liens and levies and procedures available for resolving a tax collection matter. It will also cover alternative resolutions, including installment agreements, offers in compromise and bankruptcy.

Affordable Care Act: Review and Update

Affordable Care Act: Tax Favored Health Care Plans After ACA

Every American taxpayer will be affected by President Obama’s signature health care law, the Affordable Care Act (ACA). The already complex and confusing income tax provisions enacted by the ACA are constantly being updated and modified by new IRS guidance. This course will concentrate on the federal income tax issues of the health care law affecting both individuals and businesses.

Tax favored health care plans are one of the major benefits offered by businesses to their employees. Now that the Affordable Care Act (ACA) has been enacted, the requirements to offer employee health insurance as well as maintaining group health insurance plans have been significantly modified. Any employer in noncompliance with the ACA could be subject to a $36,500 per year, per employee excise tax.

This course provides a comprehensive discussion of the different tax favored health care plans available and how they are affected by the ACA.

Objectives: • Recognize the complex federal income tax provisions of the health care law impacting.

• Recognize the tax collection functions of the IRS and California tax authorities.

• Identify any newly enacted IRS regulations and procedures and review the impact it will have on individuals, businesses and employers.

• Recall the law of tax liens and levies, including attachment to property, perfection and priority over competing interests.

Prerequisites: General knowledge in individual/ business income taxes and tax favored health care plans.

• Identify the available procedures, including collection due process (CDP), other collection appeals, and lien relief alternatives.

CPE Hours: 8 | CFP: 8 | IRS-FTL: 8

Objectives:

• Determine the options for resolving collection issues, including installment agreement and offer in compromise rules and discharging and resolving taxes in bankruptcy.

Level: Update Designed for: CPAs and tax accountants in public or private practice.

Author: Garverick CPE LLC Instructor: J. Patrick Garverick, CPA, CFP, MT

Prerequisites: Working knowledge of resolving tax bills preferred.

Date

Location

Event

CPE Hours: 8

Oct. 28

Orange County North

4153022D

Level: Advanced

Jan. 20

Los Angeles Airport

4153022E

Designed for: CPAs and attorneys who handle tax collection issues with the IRS, FTB, EDD and SBE.

Jan. 20

Webcast

4153022F

Author/Instructor: Steven R. Mather, Esq. Date

Location

Event

Nov. 13

Orange County North

4152989A

Jan. 13

San Francisco

4152989B

Jan. 13

Webcast

4152989C

Objectives: • Recognize the available tax favored health care plans (i.e. Health Savings Accounts (HSA), Medical Savings Account (MSA), Health Reimbursement Arrangements (HRA), §125 Cafeteria Plan Flexible Spending Arrangements (Health FSA) and § 105 Medical Reimbursement Plans).

• Identify how the Affordable Care Act (ACA) affects the different tax favored health care plans, new group health insurance requirements and which employers are required to offer health insurance and comply with the ACA. Prerequisites: General knowledge in individual/ business income taxes, fringe benefits and tax favored health care plans.

CPE Hours: 8 | CFP: 8 | CTEC-Fed: 8 | IRS-TX: 8 MCLE: 6.5 Level: Intermediate Designed for: CPAs and professionals in public or private practices in need of an in-depth training of the available tax favored health care plans and how the ACA affects those offering them.

Author: Garverick CPE LLC Instructor: J. Patrick Garverick, CPA, CFP, MT Date

Location

Event

Oct. 20

Burbank Area

4152966D

Nov. 18

Los Angeles Airport

4152966E

Nov. 18

Webcast

4152966F

For complete course description and registration: calcpa.org/taxguide or (800) 9-CalCPA 17

INDIVIDUAL TAX PLANNING AND RETURN PREPARATION 2-Day CONFERENCE Tax Update and Planning Conference For more than 65 years, the Tax Update and Planning Conference has offered comprehensive updates 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 2015, practical advice for guiding your clients to minimize 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 to get your questions answered.

Objectives: • Identify the latest federal and California tax developments and regulations affecting individuals, corporations, estates and trusts.

• Determine areas of tax savings for your business or clients.

Avoiding Tax Malpractice While we don’t like to think about it, inherent in every service a tax professional renders is the risk that a client may assert the practitioner is guilty of malpractice or feel they have been misled by advisers who are allegedly unethical or incompetent. Explore the various reasons for this phenomenon and learn techniques and procedures to minimize the risk, including effective client communication skills, tools to protect yourself from malpractice exposure and more.

Objectives: • Identify relevant topics related to allegations of malpractice committed by tax professionals.

• Determine how to recognize high-risk engagements.

• Recognize relevant ethical considerations.

• Identify tools for insulating themselves from malpractice exposure.

• Determine appropriate loss prevention procedures.

CPE Hours: 8

CPE Hours: 16 | CTEC-CA: 1 | CTEC-Fed: 15 IRS-FTL: 15 | MCLE: 13

Designed for: Practitioners and attorneys who want to learn about malpractice risk inherent in a practice and steps that can be taken to reduce liability exposure. The course should especially interest solo or small firm practitioners, although CPAs from any size firm will benefit from the program.

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

Conference Chair: Annette Nellen, CPA, CGMA, Esq. Date

Location

Event

Nov. 23-24

San Francisco

5151531A

Nov. 23-24

Burbank Area

5151531B

Nov. 23-24

Webcast

5151531C

Gain an understanding of timing issues under federal income tax law by understanding how to maximize timing to benefit your clients; reviewing historical antecedents, including U.S. Supreme Court cases and federal tax rules regarding timing of income and expenditures; and learning how cash and accrual methods of accounting have grown toward mirroring each other for federal income tax purposes. You’ll also study underutilized planning opportunities to defer income or facilitate tax reporting and benefit from the hands-on approach to Code and Regulation sections, revenue procedures and court cases.

Objectives: • Identify and apply statutory provisions of the Internal Revenue Code regarding timing of income and expenditures, and policies underlying those rules.

• Determine fundamental principles regarding cash receipts and disbursements methods of accounting.

• Recognize fundamental principles of the accrual method of accounting.

Prerequisites: Working knowledge of taxation for individuals or businesses.

Level: Update

Best Practices for Tax Income and Expense Recognition

Level: Overview

Authors/Instructors: Arthur J. (Kip) Dellinger, CPA; Randall J. Dean, Esq.

• Determine how the cash and accrual methods of accounting for tax purposes have grown toward each other over time.

• Recognize tax timing planning opportunities and restrictions.

• Identify the rules governing the use of accounting periods and methods by various taxpayers.

Prerequisites: Familiarity with preparing federal income tax returns for individuals or businesses.

Date

Location

Event

Oct. 22

Orange County South

4153020A

Dec. 8

San Francisco

4153020B

Dec. 8

Webcast

4153020C

Jan. 22

Webcast (R)

4153020D

Designed for: CPAs, attorneys and others engaged in income tax return preparation or consulting.

Jan. 22

Webcast (6:30 a.m. start) (R)

4153020E

Author/Instructor: David J. Clark, CPA, J.D., Esq.

CPE Hours: 8 | AA: 8 | MCLE 6.5 | LS-TX: 6.5 Level: Intermediate

Date

18

Materials are provided in an ebook format for most events

Location

Event

Oct. 28

San Francisco Peninsula

4152781B

Oct. 28

Webcast

4152781C

Jan. 13

Sacramento Area

4152781D

2015-16 Ultimate Tax CPE Guide

INDIVIDUAL TAX PLANNING AND RETURN PREPARATION

Federal and California Tax Update for Individuals This in-depth analysis of the year’s important changes in federal and California tax law by Gary McBride and Annette Nellen will take you through new legislation, regulations, cases, rulings and other important developments affecting individual taxpayers.

Course materials provide access to the full text of the items covered in the program, including significant tax statutes, cases, regulations and rulings of the past year affecting individuals, plus a CD containing the manuals of the prior 10 years. Materials are supplemented by a website maintained for this course that provides up-to-date additions and other supplementary materials to easily research 2015 tax law developments.

Note: This is the companion course to Federal and California Tax Update for Businesses and Estates.

Objectives: • Identify new federal and California tax legislation affecting individuals.

• Determine the past year’s significant regulations; IRS and FTB rulings; and other administrative guidance on individual income tax matters.

• Identify the most important 2015 court cases addressing individual income tax issues.

Prerequisites: General knowledge in taxation.

CPE Hours: 8 | CTEC-Fed: 8 | IRS-FTL: 8 | MCLE: 6.5 | LS-TX: 6.5 Level: Update Designed for: CPAs and attorneys interested in federal or California individual tax developments.

Authors/Instructors: Annette Nellen, CPA, CGMA, Esq.; Gary R. McBride, CPA, J.D., LL.M., Esq. Date

Location

Event

Dec. 3

Eureka

4151498A

Dec. 7

East Bay Area

4151498B

Dec. 10

Palm Springs CPE Week

4151498C

Dec. 14

Fresno

4151498D

Dec. 17

San Jose Area

4151498E

Dec. 17

Webcast

4151498F

Jan. 4

Burbank Area

4151498G

Jan. 7

Sacramento Area

4151498H

Jan. 11

Orange County South

4151498I

Jan. 14

San Francisco

4151498J

Jan. 14

Webcast

4151498K

Jan. 18

Los Angeles Airport

4151498L

Jan. 21

San Diego Area

4151498M

Jan. 25

San Francisco Peninsula

4151498N

Jan. 25

Webcast

4151498O

Federal Tax Update: Individuals (Form 1040) In the face of increasingly complex tax laws and issues, CPAs benefit from annual updates focusing on individual income tax issues they are likely to encounter in the upcoming tax season. In this course, these issues will be discussed head-on, alerting you about new tax forms, changes to existing tax forms, as well as tax planning opportunities and pitfalls. This is a must-attend course for all tax practitioners who want to get up to speed quickly to have a successful federal individual income tax filing season.

Objectives: • Identify the federal tax laws impacting individuals with an emphasis on any new legislative changes.

• Recognize the preparation issues related to the most common federal individual income tax return through numerous examples, practice aids and review of the IRS tax forms.

Prerequisites: Basic knowledge of individual income taxes.

CPE Hours: 8 | CFP: 8 | CTEC-Fed: 8 | IRS-FTL: 8 | MCLE: 6.5 |LS-TX: 6.5 Level: Update Designed for: CPAs and tax accountants in public or private practice in need of a federal individual income tax update course.

Author: Garverick CPE LLC Instructor: J. Patrick Garverick, CPA, CFP, MT Date

Location

Event

Oct. 22

San Luis Obispo CPE Week

4152024A

Oct. 29

Orange County South

4152024B

Nov. 9

San Francisco

4152024C

Nov. 9

Webcast

4152024D

Nov. 16

Los Angeles Airport

4152024E

For complete course description and registration: calcpa.org/taxguide or (800) 9-CalCPA 19

INDIVIDUAL TAX PLANNING AND RETURN PREPARATION

Individual Tax Compliance This comprehensive, two-day tax training course provides the fundamentals of basic federal income tax compliance, from effective information gathering to filing the return.

It focuses on the practical aspects of return preparation and comprehensive analysis of the individual Form 1040 and significant new tax law developments. Participants also will work through key items of Form 1040, including explanations of rules and required calculations.

This course is offered in conjunction with the San Jose State University’s MST Program. A networking lunch is provided both days.

Objectives: • Identify the most common preparation issues related to individual income tax returns.

• Determine the best ways to complete IRS tax form 1040.

• Determine the tools and requirements that help support ethical tax compliance.

Nine Tax & Financial Planning Topics That Will Make You a Hero to Your Clients

Passive Activities and Rental Real Estate Income Tax Issues

Your clients want to know if they should do a Roth conversion or when they should take their Social Security benefit. They want you to optimize their Affordable Care Act (ACA) subsidy—or save them from the new ACA taxes.

Designed for small CPA firms or sole practitioners whose clients seek financial advice, this course will address the top tax and financial planning topics.

This comprehensive course is designed to get you up to speed quickly with the complex and ever-changing passive activity loss (PAL) rules that apply to certain investments in trade or businesses and rental properties.

The cornerstone of the course is the in-depth coverage of the detailed tax law and regulations applicable to passive activities under IRC §469 and how and when the new 3.8% net investment income tax under §1411 applies.

Objectives:

Objectives:

• Recognize and identify the major financial planning and tax planning topics frequently encountered by a small tax practice.

• Walk away with a complete understanding of the passive activity loss (PAL) rules and optimize any tax benefits with respect to them.

• Determine strategies for each of the major financial planning and tax planning topics to use with clients.

CPE Hours: 8 | CFP: 8 | IRS-TX: 8

• Learn how to identify what activities are subject to the PAL rules and the special exceptions to them.

Level: Intermediate

• Understand the tax ramifications of income, losses and dispositions of passive activities.

CPE Hours: 16 | CTEC-Fed: 16 | IRS-TX: 16

Designed for: CPAs and financial professionals in public practice and industry who advise clients and business.

Level: Basic

Prerequisites: General knowledge in individual/ business income taxes and how they relate to the passive activity laws.

Authors/Instructor: Mark C. Allen, CFP, EA, MA

CPE Hours: 8 | CFP: 8 | CTEC-Fed: 8 | IRS-TX: 8 | MCLE: 6.5

• Identify the right questions during the information gathering process.

Designed for: CPAs, tax return preparers, staff accountants and paraprofessionals seeking a comprehensive individual income tax course.

Author/Instructor: David J. Neighbors, CPA, MST Date

Location

Event

Jan. 8 & 15

San Jose Area

4152266A

20

Date

Location

Event

Dec. 8

Palm Springs CPE Week

4153002C

Jan. 19

San Francisco

4153002D

Jan. 19

Webcast

4153002E

Materials are provided in an ebook format for most events

Level: Intermediate Designed for: CPAs and tax professionals that need an in-depth training course on the passive activity loss rules and how they apply to certain investments in trade or businesses and rental properties.

Author: Garverick CPE LLC Instructors: J. Patrick Garverick, CPA, CFP, MT (Dec); Mark Vanden Berge, CPA Date

Location

Event

Oct. 21

Burbank Area

4152531D

Nov. 5

Webcast (R)

4152531E

Nov. 5

Webcast (6:30 a.m. start) (R)

4152531F

Dec. 8

Palm Springs CPE Week

4152531G

2015-16 Ultimate Tax CPE Guide

INDIVIDUAL TAX PLANNING AND RETURN PREPARATION

Preparing Complex 1040s For many practitioners and clients, tax simplification is only a dream for many . This program is designed for the CPA who is ready to handle the most complex individual income tax preparation problems, including tax-deferred exchanges, passive losses, AMT and carryback benefits.

Objectives: • Identify and solve complex 1040 problems.

• Determine proper presentation strategies.

• Identify appropriate disclosures to avoid penalties.

• Determine and create opportunities for tax reduction.

Prerequisites: Two or more years’ experience preparing Form 1040.

CPE Hours: 8 | MCLE: 6.5 | IRS-TX: 8 | CTEC-Fed: 8 Level: Intermediate Designed for: CPAs with experience preparing Form 1040s who want to become experts.

Author: Nichols Patrick CPE, Inc. Instructor: Don P. Cochran, CPA, J.D., CFP, CRC (Dec.); Mark J. Patrick, CPA, CVA Date

Location

Event

Nov. 17

San Francisco

4151375B

Nov. 17

Webcast

4151375C

Dec. 15

Burbank Area

4151375D

Jan. 21

Webcast (R)

4151375E

Jan. 21

Webcast (6:30 a.m. start) (R)

4151375F

Quality Control in a CPA Tax Practice: Overview of Circular 230 Changes Ever-increasing competition is a hard reality for today’s tax practitioner. Establishing an integrated quality control system by improving processes, resources and procedures is critical to business survival. Learn how to reduce inefficiencies, streamline workflow, improve customer service, ensure compliance with professional standards and ultimately give yourself a competitive edge by using quality control best practices, forms, checklists and more.

Recent changes to IRS Circular 230 require all tax professionals and firms, regardless of size, to have policies and procedures in place to ensure compliance with the standards. Consequently, those changes effectively serve as a mandate for firms to implement appropriate written quality control procedures that demonstrate compliance with Circular 230 requirements.

Learn how to structure and implement the necessary policies and procedures.

Objectives: • Determine appropriate quality controls for your tax practice.

• Outline ways to utilize your time and resources more efficiently through standardized procedures.

• Identify sources of quality control aids and resources for your firm.

• Recognize how to monitor your integrated quality control system.

CPE Hours: 8 Level: Basic

Real Estate Taxation Take a look at significant real estate taxation issues and concepts, including planning and compliance topics that emphasize tax elimination or deferral, such as: 1031 exchanges; home sale exclusion (IRC § 121); passive activities loss rules; estate planning and gifting with real estate; and Cancellation of Debt Income (CODI), foreclosures and short sale matters.

Objectives: • Identify important real estate tax and nontax issues.

• Determine important techniques for deferral, reduction or elimination of taxes related to real estate acquisition, operations or disposition.

• Recognize key tax return disclosures, concepts and procedures.

CPE Hours: 8 | CFP: 8 | MCLE: 6.5 | IRS-TX: 8 LS-TX: 6.5 Level: Intermediate Designed for: CPAs, enrolled agents, attorneys, CFPs and other professionals who deal with homeowners, real estate investors, lenders, borrowers or tax preparers.

Author/Instructor: G. Scott Haislet, CPA, Esq. Date

Location

Event

Oct. 27

San Francisco

4152305B

Oct. 27

Webcast

4152305C

Dec. 7

Palm Springs CPE Week

4152305D

Jan. 28

Webcast (R)

4152305E

Jan. 28

Webcast (6:30 a.m. start) (R)

4152305F

Designed for: Tax professionals who want to improve their business processes and improve customer satisfaction.

Author/Instructor: Arthur J. (Kip) Dellinger, CPA Date

Location

Event

Dec. 3

San Francisco Peninsula

4152039A

Dec. 3

Webcast

4152039B

Jan. 11

Webcast (R)

4152039C

Jan. 11

Webcast (6:30 a.m. start) (R)

4152039D

For complete course description and registration: calcpa.org/taxguide or (800) 9-CalCPA 21

INDIVIDUAL TAX PLANNING AND RETURN PREPARATION

Retirement Distributions: Planning Options

Staff Tax Training: Individuals (Form 1040)

Strategies for Tax Dispute Resolution

With the nation’s largest generation facing retirement, plan assets amount to almost $10 trillion, and as legislators debate Social Security and pension plans, private retirement accounts are a critical asset for aging clients and forward-thinking families. Improper beneficiary choices and faulty distribution calculations can result in penalties or unnecessary taxes and may cause your clients to lose as much as 75 percent of their retirement plan. Go beyond mere calculations and learn how to really assist your clients with their retirement planning.

Prepare for success with this comprehensive, three-day training course designed to quickly bring you up to speed in all areas of individual income taxation. From a detailed discussion of the taxes, penalties and credits available through the Patient Protection and Affordable Care Act to capital gains tax rates for highincome taxpayers, it ensures you will be able to address commonly-encountered individual income tax issues. Plus review the forms you will encounter most often: Form 1040, Form 4564, Form 4797, Schedules A, B, C, D, E, F and more. The cornerstone of the presentation is the integration the most recent tax laws and theories into real-world case scenarios via preparation and review of relevant IRS tax forms and practice aids.

CPAs must be prepared for when a revenue agent contacts one of their clients. Attendees of this course will gain a thorough understanding of the civil and potential criminal tax procedure and controversy process involving the IRS and California tax authorities.

Course materials contain final regulations governing plan distributions and copies of all pertinent IRS forms and rulings. Updated with the latest cases, rulings, regulations and legislation, this course provides you with the necessary tools to better serve clients who are about to retire or begin IRA withdrawals on their own or as a beneficiary.

Objectives: • Identify issues and apply the regulations to distribution alternatives.

• Recognize penalty taxes and how to avoid them.

• Determine the preparation issues related to the most common individual income tax returns through numerous case studies, practice aids and hands-on use of IRS tax forms.

• Outline best practices for information gathering from individual income tax clients.

CPE Hours: 24 | CFP: 24 | CTEC-Fed: 24 | IRS-TX: 24

• Determine how the death of an owner or beneficiary affects distributions.

Designed for: CPAs, tax return preparers, staff accountants and paraprofessionals seeking a comprehensive basic individual income tax course.

Prerequisites: Two or more years’ experience preparing Form 1040.

CPE Hours: 8 | CFP: 8 | CTEC-Fed: 5 | MCLE: 6.5.

IRS-TX: 5 | LS-EP: 6.5 Level: Intermediate Designed for: CPAs, financial planners, attorneys and investment advisers who offer advice on retirement and estate planning issues.

Level: Basic

Author: Garverick CPE LLC Instructor: Mark Vanden Berge, CPA

Location

Event

Oct. 21

Burbank Area

4151430A

Dec. 1

San Francisco

4151430B

Dec. 1

Webcast

4151430C

22

Objectives:

Location

Event

Oct. 26-28

San Francisco Peninsula

4151468A

Nov. 9-11

Los Angeles Airport

4151468B

Materials are provided in an ebook format for most events

• Recognize basic tax procedure principles.

• State common tax procedural issues.

• Outline planning and conducting the tax examination, administrative appeal and collection process.

• Increase your awareness and understanding of ethical considerations.

Prerequisites: Basic knowledge of dealing with tax authorities preferable.

CPE Hours: 8 | CTEC-Fed: 8 | IRS-TX: 8 | MCLE: 6.5 | LS-TX: 6.5 Level: Intermediate Designed for: CPAs and attorneys who want to more effectively handle tax examinations, appeals, collection and fraud matters with IRS, FTB, EDD and SBE.

Date

Author/Instructor: Mary Kay A. Foss, CPA

Date

Formerly titled: Tax Procedure and Controversy: Principles and Strategies

• Identify the structure and operations of IRS and California tax authorities.

Objectives:

• Calculate distributions required during lifetime and after death.

• Recognize the pros and cons of various beneficiary choices to assist your client in selecting the best options.

Additionally, attendees will learn useful techniques and strategies for representing clients in all aspects of tax controversy matters, including tax return examinations, defenses to civil penalties, administrative appeals, tax collection matters and tax fraud cases.

Author/Instructor: Steven R. Mather, Esq. Date

Location

Event

Oct. 29

LA/Beverly Hills

4151507A

Dec. 7

San Francisco

4151507B

Dec. 7

Webcast

4151507C

Jan. 21

Webcast (R)

4151507D

Jan. 21

Webcast (6:30 a.m. start) (R)

4151507E

2015-16 Ultimate Tax CPE Guide

INDIVIDUAL TAX PLANNING AND RETURN PREPARATION 2 Hrs

Tax and Financial Planning Implications Surrounding Posthumously Conceived Children There are more than 500,000 frozen embryos ready for use and millions of vials of core genetic materials. And what was once an area for wealthy families is now seeing couples of all ages types storing their DNA so even postmortem, they can parent a child.

What are the tax and financial implications of posthumously conceived children? The law is frequently unclear and inconsistent as to both inheritance rights and legal protections. From questions of Social Security payments to children to how to close an estate if unconceived heirs exist, gain the knowledge you need to address these complex matters.

Tax Practice and Procedures for California CPAs This course provides practical knowledge of the day-to-day practices and procedures of the IRS and FTB, from rulings to collections to criminal enforcement, with specific references to statutes and regulations. You’ll learn techniques to better represent your clients before the IRS and FTB and ensure the IRS and FTB do not overstep their authority or fail to act in accordance with their procedures in dealing with taxpayers.

Tax Practice Conduct Standards: Circular 230 and AICPA Statements on Standards for Tax Services Meet your four-hour ethics requirement while addressing significant changes in the statutory and regulatory standards governing you as a tax practitioner. We’ll explore the rules that govern your professional conduct in tax practice, including your responsibilities with respect to advising clients on tax positions and related penalty avoidance.

• Determine appeals requirements.

Portions of the course materials are reprinted or adapted from Kip Dellinger’s book, Practical Guide to Federal Tax Practice Standards, published by CCH.

• Recognize statutes of limitations, mitigation issues and claim of right opportunities.

Formerly titled: Tax Practice Standards, Conduct and Quality Control for California CPAs

Objectives:

• Identify litigation and forums.

• Recognize how state and federal laws treat posthumously conceived children.

• Determine how to deal with possible criminal issues.

Objectives:

• Determine how estate documents should address this situation.

CPE Hours: 8

• Build skills to inquire about the presence of stored genetic materials.

• Outline ways to gain a better understanding of how medical science impacts tax and fiscal policies.

Objectives: • Identify claims for refund.

Level: Overview

• Identify federal and California rules governing the conduct of tax practitioners, including Circular 230, Statements on Standards for Tax Services and statutory requirements.

Designed for: CPA staff, partners and owners in public practice.

• Recognize new federal preparer penalty and disclosure provisions with regard to tax positions.

Authors/Instructors: Arthur J. (Kip) Dellinger, CPA; Lydia Turanchik, J.D., LL.M.

• Determine how to implement quality control in a tax practice.

Prerequisites: Basic knowledge of dealing with tax authorities preferable.

Date

Location

Event

CPE Hours: 8 | ET: 4 | CTEC-ET: 4 | MCLE: 6.5 IRS-TX: 8

CPE Hours: 2 | MCLE: 1.5

Oct. 21

San Luis Obispo CPE Week

4153021A

Level: Overview

Level: Overview

Nov. 13

Los Angeles Airport

4153021B

Jan. 21

San Francisco

4153021C

Jan. 21

Webcast

4153021D

Designed for: CPAs, attorneys and finance professionals serving the middle and upper wealth markets.

Designed for: CPAs, attorneys and enrolled agents who want to understand the rules governing tax practice conduct.

Author/Instructor: Arthur J. (Kip) Dellinger, CPA

Author/Instructor: Daniel D. Morris, CPA Date

Location

Event

Date

Location

Event

Nov. 30

Orange County North

4151525C

Oct. 28

San Francisco Peninsula

4152990A

Jan. 18

Webcast (R)

4151525D

Oct. 28

Webcast

4152990B

Jan. 18

Webcast (6:30 a.m. start) (R)

4151525E

Nov. 12

Webcast (R)

4152990C

For complete course description and registration: calcpa.org/taxguide or (800) 9-CalCPA 23

INDIVIDUAL TAX PLANNING AND RETURN PREPARATION 4 Hrs

Taxation of California Registered Domestic Partners (RDPs)

UCLA Extension’s 31st Annual Tax Controversy Institute

Although many states, including California, now recognize same sex marriage, registered domestic partners (RDPs) living in the community property states of California, Washington, and Nevada are still required to file their U.S. individual tax returns using the Single filing status and splitting their income and deductions. This 4-hour course covers the income-splitting tax return preparation process including special workpapers and tax return attachments required to minimize IRS matching notices.

For 30 years, UCLA Extension’s Tax Controversy Institute has been the preeminent conference in the U.S. dedicated to tax controversy and tax litigation. The Institute is a true partnership among members of the tax judiciary, government and private tax practitioners. Its continued success is structured around highquality, practical presentations by sophisticated government and private practitioners from throughout the U.S. who enjoy an open discussion of practice issues with the audience.

During the one-day conference, attendees have the opportunity to network with leading tax professionals and IRS representatives.

Objectives: • Identify taxpayers subject to income-splitting rules.

• Choose between alternative self-employment tax reporting techniques.

• Recognize the most efficient ways to prepare workpapers to support income-splitting returns.

• Choose between community property and separate property income and expense.

Objectives: • Identify procedures, policies and strategies involved in resolving difficult tax controversy issues.

• Recognize positions held by federal government, judiciary and private practice tax practitioners on how to resolve tax controversy issues.

• Recall exceptions to income-splitting.

• Determine ways to more effectively handle tax litigation cases by understanding topical Prerequisites: At least one busy season preparing issues impacting this practice area and and/or reviewing individual income tax returns learning from leaders in this practice area.

(Form 1040).

CPE Hours: 4 | MCLE: 3 | IRS-TX: 4 | CTEC-CA: 4 Level: Intermediate Designed for: Both preparers and reviewers of income-splitting tax returns of registered domestic partners living in community property states.

Author/Instructor: Marci Ann Flanery, CPA, Ph.D. Date

Location

Event

Oct. 30

San Francisco Peninsula

4152995A

Oct. 30

Webcast

4152995B

Jan. 4

Webcast

4152995C

24

Prerequisites: Attendees should have a working knowledge of tax litigation and tax controversy issues.

CPE Hours: 8 | MCLE: 6.5 Level: Advanced Designed for: Attorneys, accountants, tax practitioners and corporate and business professionals. Discounted rate for CalCPA, NAEA and FPA members.

Date Oct. 27

Location Webcast

Materials are provided in an ebook format for most events

Virtual Currency Money is evolving from coins and paper to opensourced created currencies that are competing with government-backed traditional money. This innovative course will cover the implications of virtual currencies; the impact of this change in terms of circumventing traditional monetary clearing houses; how virtual currencies changes commerce; and the income tax and financial reporting implications of such currencies.

Further, now that the door to monetary power has been opened to the public, what does that mean for banks, regulators and public policy?

Objectives: • Identify the role of money and its core purpose.

• Determine how taxing authorities view Bitcoin and similar currencies.

• Recall the history of money and why it matters in our digital age.

• Recognize why money is merely a method for settling credits.

• Identify the differences in virtual currencies and their methods of control and use.

• Recognize the support and economic services assisting with virtual currencies.

CPE Hours: 8 | MCLE: 6.5 Level: Overview Designed for: CPAs, attorneys and finance professionals serving the digital economy and whose customers are using or considering using virtual currencies.

Author/Instructor: Daniel D. Morris, CPA Date

Location

Event

Oct. 27

San Francisco Peninsula

4152980A

Event

Oct. 27

Webcast

4152980B

4153053A

Nov. 5

Orange County North

4152980C

2015-16 Ultimate Tax CPE Guide

INTERNATIONAL TAXATION 1 Hr

1 Hr

1 Hr

Americans Abroad: Foreign Retirement Accounts The default U.S. tax treatment of a foreign retirement account is likely to be foreign grantor trust, but this can cause unexpected income tax and compliance requirements for the unsuspecting taxpayer. In some cases, an income tax treaty election can solve the problem and cause the foreign retirement account to be treated like a domestic tax-deferred qualified pension plan.

Analyze a foreign retirement account and determine whether a treaty election will solve the problem; learn how to prepare Form 8833 to make the treaty election or, if no treaty election is possible, how to properly report contributions to and distributions from foreign retirement accounts; and determine how to report income and capital gain earned on assets contributed to the plan.

Americans Abroad: Passive Foreign Investment Companies (Form 8621)

Americans Abroad: Special Compliance Requirements and Fixing Problems

Passive Foreign Investment Companies (PFIC) tax and reporting rules can be complicated and confusing. Determine whether you have PFIC and understand rules that apply, such as qualified electing fund, mark-to-market election and excess distribution regime under IRC Sec. 1291. We’ll also cover Form 8621 and unusual situations that trigger the PFIC reporting requirements.

Identify the special tax reporting and compliance duties facing Americans abroad or those who own foreign assets. Even routine mutual funds and estate planning may trigger tax and penalty liabilities. Your client’s responsibilities as an employee of a foreign company may trigger disclosure requirements.

We will discuss various investment, business and trust structures that your clients could have in their foreign countries and related information reporting requirements. We will also discuss IRS programs available for your clients who did not file informational returns in the past and want to be in compliance with IRS reporting requirements.

Objectives: • Identify a PFIC. • Recognize Form 8621 and PFIC taxation and reporting requirements.

CPE Hours: 1

Objectives:

Objectives:

Level: Overview

• Determine when foreign retirement accounts are tax-deferred or taxable accounts.

Designed for: Tax practitioners advising U.S. taxpayers on foreign tax issues or preparing income tax returns for Americans abroad.

• Identify when and how to make income tax treaty elections for foreign retirement accounts. Author: HodgenLaw PC Instructors: Debra D. Rudd, CPA, MST; • Recognize the correct taxation of and reporting Jurate Gulbinas, CPA, MBA, MST for foreign retirement accounts.

CPE Hours: 1 Level: Overview Designed for: Tax practitioners advising U.S. taxpayers on foreign tax issues or preparing income tax returns for Americans abroad.

Author: HodgenLaw PC Instructors: Haoshen Zhong, J.D.; Jurate Gulbinas, CPA, MBA, MST Date

Location

Event

Feb. 9

Webcast

4153009A

• Recall various international information return filing requirements.

• Calculate potential penalties for noncompliance.

• Select from various remedies available to your clients.

CPE Hours: 1

Date

Location

Event

Feb. 9

Webcast

4153010A

Level: Overview Designed for: Tax practitioners advising U.S. taxpayers on foreign tax issues or preparing income tax returns for Americans abroad.

Author: HodgenLaw PC Instructors: Debra D. Rudd, CPA, MST; Haoshen Zhong, J.D.; Philip D. W. Hodgen, LL.M., Esq. Date

Location

Event

Feb. 9

Webcast

4153012A

For complete course description and registration: calcpa.org/taxguide or (800) 9-CalCPA 25

INTERNATIONAL TAXATION 1 Hr

1 Hr

Americans Abroad: The Foreign Earned Income Exclusion (Form 2555)

Foreign Information Tax Returns and the IRS Offshore Voluntary Disclosure Program

The Foreign Earned Income Exclusion and related housing deduction/exclusion are ways for Americans abroad to reduce or eliminate their U.S. income tax liability. Qualifying for these benefits, however, is complex and understanding what may be excluded is not always clear. Learn how to determine whether an individual will qualify for the exclusion and how to prepare Form 2555.

To excel as a tax practitioner in an increasingly global marketplace, you must familiarize yourself with the preparation of tax forms for clients conducting foreign transactions or with assets in international accounts. This course will provide you with a thorough understanding of foreign information return reporting requirements and useful techniques to determine whether or not your clients may encounter foreign income tax problems. It will also ensure you have a working knowledge of IRS and Department of Treasury foreign information returns to effectively represent clients and comply with Circular 230.

All concepts will be discussed in light of the resurrected IRS foreign voluntary disclosure program, which reduces the foreign information return burden.

Objectives: • Determine Foreign Earned Income Exclusion eligibility.

• Identify how to prepare Form 2555 to take advantage of the exclusion.

CPE Hours: 1 Level: Overview

Objectives:

Designed for: Tax practitioners advising U.S. taxpayers on foreign tax issues or preparing income tax returns for Americans abroad.

• Identify the basics of all the foreign information returns.

Author: HodgenLaw PC Instructors: Debra D. Rudd, CPA, MST; Jurate Gulbinas, CPA, MBA, MST

• Recognize key defenses to IRS criminal and civil penalties for erroneous foreign returns or nonfiled foreign returns.

Foreign Trusts: Cleaning Them Up Federal tax rules for foreign trusts are complex and compliance failures mean steep penalties. Identify the penalty risks that apply to foreign trusts, their settlors, trustees and beneficiaries—and different strategies for fixing the problems.

Objectives: • Identify potential compliance and tax issues for your clients with foreign grantor and nongrantor trusts.

• Determine issues surrounding transfers to and distributions from foreign trusts.

CPE Hours: 1 Level: Overview Designed for: CPAs and attorneys.

Author: HodgenLaw PC Instructor: Debra D. Rudd, CPA, MST; Haoshen Zhong, J.D. Date

Location

Event

Nov. 10

Webcast

4153049A

• Determine the significance of the IRS voluntary disclosure policy as it relates to offshore transactions and accounts.

Date

Location

Event

Feb. 9

Webcast

4153008A

Prerequisites: Basic knowledge of all types of tax returns.

CPE Hours: 8 | CTEC-Fed: 8 | IRS-TX: 8 | MCLE: 6.5.

Level: Overview Designed for: Tax practitioners who want to enhance their understanding of the foreign procedural tax regime.

Authors/Instructors: Brian Dooley, CPA; Kenneth M. Barish, LL.M., Esq.

26

Date

Location

Event

Sept. 28

San Francisco

4152726B

Sept. 28

Webcast

4152726C

Materials are provided in an ebook format for most events

2015-16 Ultimate Tax CPE Guide

INTERNATIONAL TAXATION 1 Hr

1 Hr

1 Hr

Foreign Trusts: How and When to Use Them

Foreign Trusts: Returns and Compliance

Foreign trusts are appealing for holding and transferring wealth between generations. For U.S. taxpayers, however, they carry a heavy tax burden. We’ll review situations where foreign trusts might be used: inbound transfers of wealth and outbound transfers (such as asset protection trusts). Tax considerations are the focus of this course, but practical issues will be addressed.

We’ll dive into determination of a trust’s classification and U.S. federal income taxation and reporting of foreign trusts.

Objectives: • Determine when a foreign trust is useful in achieving a client’s objectives.

• Identify how to structure and fund the trust to achieve those objectives.

CPE Hours: 1

Objectives: • Identify foreign trust taxation and information reporting requirements.

Foreign Trusts: The Basics Transactions with foreign trusts have significant information reporting requirements, even when there is no income and no taxes due. Learn how to distinguish between domestic and foreign trusts, and between foreign grantor and nongrantor trusts; and identify the information returns required when these trusts are involved with U.S. persons.

Objectives:

CPE Hours: 1 Level: Overview Designed for: CPAs and lawyers new to the international tax area or looking to update their knowledge of foreign trust reporting requirements.

Author: HodgenLaw PC Instructors: Debra D. Rudd, CPA, MST; Jurate Gulbinas, CPA, MBA, MST

• Determine when U.S. estate, gift and income tax will apply to assets and income of foreign trusts.

• Identify when Form 3520 and Form 3520-A are required, who needs to file them and what type of information needs to be shown.

CPE Hours: 1 Level: Overview

Level: Overview Designed for: CPAs and attorneys.

Date

Location

Event

Designed for: CPAs and attorneys.

Nov. 10

Webcast

4153015A

Author: HodgenLaw PC Instructors: Haoshen Zhong, J.D.; Jurate Gulbinas, CPA, MBA, MST

Author: HodgenLaw PC Instructors: Philip D. W. Hodgen, LL.M., Esq.; Jurate Gulbinas, CPA, MBA, MST Date

Location

Event

Nov. 10

Webcast

4153013A

Date

Location

Event

Nov. 10

Webcast

4153014A

International Tax

CONFERENCE November 6, 2015 Hyatt Regency San Francisco & Webcast 5 Embarcardero Center San Francisco, CA 94111 Member $325 | Nonmember $425 CPE 8

calcpa.org/itc

ForITC_TaxBrochure.indd complete course description and registration: calcpa.org/taxguide or (800) 9-CalCPA 27 1 9/8/15 1:21 PM

INTERNATIONAL TAXATION

1 Hr

International Joint Ventures: Tax and Non-Tax Aspects In this seminar we cover all of the tax and non-tax issues that a U.S. business must consider before entering into a joint venture overseas, including due diligence checklist; legal structuring issues; negotiating and operating the joint venture; dealing with language and cultural barriers; and tax considerations in the U.S. and abroad.

Objectives: • Determine when U.S. estate, gift and income tax will apply to assets and income of foreign trusts.

• Identify when Form 3520 and Form 3520-A are required, who needs to file them and what type of information needs to be shown.

CPE Hours: 2 Level: Intermediate Designed for: Accountants, business managers and CFOs. Authors/Instructors: Jacob Stein, Esq., J.D., LL.M.; Hans Sperling, J.D. Date

Location

Event

Dec. 3

Webcast (R)

4153042B

CONFERENCE International Tax Conference Globalization isn’t just a buzzword describing our modern economy, it impacts the work of businesses and individuals and the tax professionals who advise them. Whether your clients are individuals with international holdings, U.S. citizens working in foreign countries, multinational families, families with international business interests, or foreign nationals working in the U.S., you need an understanding of the forms, reporting requirements, standards and regulations required for international tax. This conference offers concurrent sessions to allow you to tailor your education to meet your needs. Clear overviews, insightful discussions and best practices from international tax experts are the hallmarks of this event.

Objectives: • Outline practical ways to advise foreign individuals or families who are entering or leaving the United States, or who have dual status.

• Identify new requirements, standards and regulations that impact your international clients and domestic clients with global business interests.

• Recognize and understand tax, legal and other business matters pertaining to foreign investments.

2 Hrs

International Tax Controversies With the IRS: Procedural and Substantive Issues The IRS has tripled the number of its international examiners and has aggressively audited international tax issues. Taxpayers with an international tax issue must be prepared to defend their position on audit. Our instructor will draw upon his experience at the IRS Chief Counsel (International) and his work with clients in a variety of industries to help you navigate today’s difficult international tax controversy landscape and successfully respond to and resolve IRS international tax audits.

Objectives: • Identify international tax issues the IRS is scrutinizing.

• Determine and explain the U.S. international tax audit process.

• Recognize opportunities for audit resolution.

CPE Hours: 2 | MCLE: 1.5 Level: Overview Designed for: CPAs and financial professionals in public practice advising clients and businesses.

Author/Instructor: Robert Misey, J.D., LL.M. Date

Location

Event

Dec. 14

Webcast (R)

4153035B

Prerequisites: Basic knowledge of taxation.

CPE Hours: 8 | MCLE: 6.5 Level: Update Designed for: CPAs, attorneys and other tax or finance professionals who advise nonresidents with U.S. investments, U.S. citizens living or doing business abroad, as well as individuals and families moving across borders.

Conference Chair: Phil Hodgen, LLM. Esq.

28

Date

Location

Event

Nov. 6

San Francisco

5151315A

Nov. 6

Webcast

5151315B

Materials are provided in an ebook format for most events

2015-16 Ultimate Tax CPE Guide

INTERNATIONAL TAXATION

3 Hrs

Introduction to International Taxation Technological advances and the globalization of routine business transactions have created the need for even relatively small accounting practices and businesses to understand international tax issues, including sourcing of income, foreign tax credits, tax treaties and more. This overview of international tax planning and compliance will cover developments related to U.S. citizens working in other countries; foreign nationals working in the United States; cross-border transfers of equipment and technology; and foreign sales and purchases. These and other topics will build your expertise in international tax issues to meet the global needs of businesses.

Objectives:

International Taxation The tax consequences of a cross-border transaction can make or break any deal—and you must know the basics and be aware of the traps. This course will introduce you to the U.S. taxation of cross-border transactions and cover U.S. taxation of Americans doing business abroad: Controlled foreign corporations; Subpart F income; understanding and selecting treaties; withholding rules; negotiating points for joint ventures; passive foreign investment companies; and foreign tax credits and expatriation. You’ll also review residency tests; tax planning for EB-5 investors; pre-immigration income and estate tax planning; connected income; FDAP withholding; FIRPTA withholding; branch profits tax; and ownership structures for non-resident aliens.

• Determine taxing jurisdiction for different types of income.

• Identify reporting differences and treaty provisions that apply to common transactions.

• Calculate taxable income of a U.S. citizen working in another country and taxable income (and tax) of a foreign national working in the U.S. • Identify how to apportion income of a multinational business enterprise.

• Determine tax rules for an “effectively connected” business operations.

• Recognize and create tax savings opportunities.

International tax rules add a layer of complexity to cross-border investments, immigration and wealth transfers across borders. And noncompliance can spell enormous penalties.

Redesigned for 2015-16, this course covers tax planning and compliance topics for multinational families, including situations where assets cross borders and family members changing from resident to nonresident and back.

Get smart, spot the issues and determine how to solve problems for these clients. We’ll review the basics, as well as deep dive on selected subjects, including real estate investments; foreign trusts, corporations and PFICs; and expatriation rules for relinquishing citizenship or green card status.

Objectives:

Objectives:

• Recognize international tax issues.

Tax Planning and Compliance for Multinational Families

• Identify tax issues present in cross-border business transactions.

• Determine how to plan for and around international tax issues.

• Identify tax principles that apply to nonresidents, residents and cross-border investments.

• Determine what multinational families do, and what tax problems come up.

Prerequisites: Completion of an introductory course on international taxation or working knowledge of international tax rules.

• Determine how changing status between resident and nonresident affects how income is taxed, as well as estate and gift tax pitfalls.

CPE Hours: 3 | MCLE: 2.5

• Identify the default opening strategy for dealing with tax issues and how to change your strategy if contrary facts pop up.

Level: Advanced Designed for: Accountants, business managers and CFOs. Author/Instructor: Jacob Stein, Esq., J.D., LL.M.

• Recognize federal tax compliance, what to file and what to do when something has not been filed.

CPE Hours: 8 | IRS-TX: 8 | MCLE: 6.5

CPE Hours: 8 | MCLE: 6.5 Level: Basic Designed for: CPAs and financial professionals in public practice or industry.

Author: Nichols Patrick CPE Inc. Instructor: Don P. Cochran, CPA, J.D., CFP, CRC

Date

Location

Event

Level: Basic

Jan. 19

Webcast (R)

4153040B

Designed for: Tax practitioners who advise or prepare tax returns for nonresidents with U.S. investments or U.S. resident family members; U.S. residents who have foreign family members and receive gifts or inheritances from them, or do business with them.

Author: HodgenLaw PC Instructor: Philip D. W. Hodgen, LL.M., Esq.

Date

Location

Event

Oct. 27

Orange County South

4152027A

Date

Location

Event

Dec. 3

San Francisco

4152027B

Oct. 29

San Francisco Peninsula

4152147A

4152027C

Oct. 29

Webcast

4152147B

Dec. 9

Burbank Area

4152147C

Jan. 11

Webcast (R)

4152147D

Jan. 11

Webcast (6:30 a.m. start) (R)

4152147E

Dec. 3

Webcast

For complete course description and registration: calcpa.org/taxguide or (800) 9-CalCPA 29

PARTNERSHIPS AND LLCS

Basis Calculations & Distributions for Pass-Through Entity Owners: Schedule K-1 Analysis This comprehensive course is designed to bring you up to speed quickly in the area of basis calculations and distribution planning for the owners of pass-thru entities (i.e., S corporations, partnerships and limited liability companies).

The cornerstone of this course is the line-by-line analysis of the Schedule K-1s for S corporations and partnerships.

Objectives: • Walk away with a complete understanding of how to calculate the owner’s basis in a S corporation, partnership or LLC. • Review the Form 1120S and Form 1065 Schedule K-1s to determine how the line items affect basis calculations and get reported on the individual owner’s Form 1040.

• Understand how losses and deductions may be limited on the Form 1040 due to the basis, at-risk and other Federal individual income tax rules.

Prerequisites: Basic understanding of individual income taxation.

CPE Hours: 8 | CTEC-Fed: 8 | IRS-TX: 8 | MCLE: 6.5 Level: Intermediate Designed for: CPAs and tax professionals that need an in-depth training course on basis calculations and distributions rules for S-Corporations, partnerships, LLCs and their owners.

Author: Garverick CPE LLC Instructors: J. Patrick Garverick, CPA, CFP, MT (Dec.); Mark Vanden Berge, CPA Date

Location

Choice of Entity Workshop It is imperative that tax practitioners understand the ins and outs of choosing an entity for their clients. Explore the legal and tax characteristics of the most common structures used today: C corporations, partnerships, LLCs and S corporations. Learn the tax differences of each entity, as well as respective advantages and disadvantages. This course offers a comprehensive review of the critical issues to consider and the opportunity to arm yourself with the knowledge to make the most appropriate recommendation to your clients.

Objectives: • Identify significant tax attributes of available entity choices.

• Recognize how to use a checklist approach to facilitate analysis.

• Determine techniques to match clients with the most appropriate entity.

Prerequisites: General understanding of common business entities.

CPE Hours: 8 | CTEC-Fed: 8 | IRS-FTL: 8 MCLE: 6.5 | LS-TX: 6.5 Level: Intermediate Designed for: CPAs and attorneys.

Author: Norman S. Solomon, CPA, J.D., LL.M. Instructor: John G. McWilliams, J.D., LL.M. Date

Location

Event

Nov. 12

San Francisco

4151123B

Nov. 12

Webcast

4151123C

Jan. 12

Webcast (R)

4151123D

Jan. 12

Webcast (6:30 a.m. start) (R)

4151123E

Event

Nov. 12

Los Angeles Airport

4152281B

Dec. 7

Palm Springs CPE Week

4152281C

Jan. 6

San Francisco Peninsula

4152281D

Jan. 6

Webcast

4152281E

TAX UPDATE AND PLANNING CONFERENCE Nov. 23-24, 2015 Burbank

Sheraton Universal City 333 Universal Hollywood Dr. Universal City, CA 91608

San Francisco Hotel Nikko 222 Mason Street San Francisco, CA 94102

Webcast Member $650 Nonmember $850 CPE 16

calcpa.org/tax 30

Materials are provided in an ebook format for most events

2015-16 Ultimate Tax CPE Guide TUPC_TaxBrochure_Pg30.indd 1

9/8/15 1:00 PM

PARTNERSHIPS AND LLCS

Federal Taxation of Partnerships and LLCs Part I: Formation and Operation and Allocations This first of two partnership tax courses taught by Gary McBride covers strategies involving partnership structure (LLC, LLP, GP, LP, etc.), formation of the partnership, tax and book basis capital account tracking, allocations of income, gains, losses, and expenses, and the determination of partner debt share. Attendees will learn how to interpret modern partnership agreements which contain “target allocations” that place a greater responsibility on the Form 1065 preparer. The competing interests of the partner that contributes cash, property, or services relative to the other partners, are explored. The course will also identify tax traps involving partner-level loss limits—outside basis, at-risk and passive loss.

Significant current developments are highlighted throughout, including numerous recently proposed regulations such as those on partners’ debt share and partner guarantees.

Federal Taxation of Partnerships and LLCs Part II: Sales and Distributions Bequests, Redemptions and Liquidations This second of two partnership courses taught by Gary McBride turns to sales of partnership interests, current and liquidating distributions to partners, death of a partner, and mergers, divisions and terminations of the partnership. Competing concerns of the partners are emphasized: the selling partner and the buyer, the liquidated partner and the continuing partners, etc. Opportunities presented by IRC §754 elections will be fully explored. Form 1065 preparer reporting obligations and partner capital account impact are stressed throughout.

Important current developments are highlighted including the recently proposed regulations on partnership distributions involving hot assets, and guidance on the NIIT.

Course materials include a fully linked 19 chapter e-book covering partnerships from formation to termination. PPT slides are used extensively to reinforce concepts and the slides are available to attendees.

Course materials include a fully linked 19 chapter e-book, which serves as a research resource for both partnership courses taught by Gary McBride.

PPT slides are used extensively to reinforce concepts and the PPT slides are available to attendees.

Objectives:

Objectives:

• Learn alternative ways to structure a partnership to optimize tax benefits and minimize partner non-tax liability.

• Outline the fundamental rules governing sales of partnership interests.

• Understand the fundamental tax concepts relating to formation and operation of a partnership.

• Recognize the crucial role of partner tax and book capital accounts and learn how to track book basis capital accounts.

• Determine the competing concerns of the seller and buyer.

• Recognize how the buyer and continuing partners can benefit from an IRC §754 election.

• Understand “target allocations” in modern partnership agreements.

• Determine the tax impact of distributions—current and liquidating, including the new rules for disproportionate distributions involving hot assets.

• Recognize the competing strategies that arise when partners contribute cash, property, or services to a partnership.

• Identify the impact of the IRC §754 election on the distributee and the continuing partners.

• Comprehend the flexibility and limits on allocations of income, gains, losses and expenses among partners.

• Recognize the unique conflicts related to the retirement of a partner.

• Learn how to properly allocate partnership recourse and nonrecourse debt to the partners and understand the consequences.

• Recognize traps and opportunities involving partners’ ability to claim losses due to outside basis limits, at-risk limits, and passive loss limits.

Prerequisites: General knowledge in partnership taxation.

CPE Hours: 8 | MCLE: 8 | CTEC-Fed: 8 | LS-TX: 6.5 | IRS-TX: 8 Level: Intermediate

• Outline the income tax rules triggered by the death of a partner.

• Outline the Form 1065 Schedule L and K-1 reporting obligations and capital account impact for sales and distributions.

• Define strategies involving partnership mergers and divisions.

Prerequisites: General knowledge in partnership taxation.

CPE Hours: 8 |CTEC-Fed: 8 | IRS-TX: 8 | MCLE: 6.5 | LS-TX: 6.5 Level: Intermediate

Designed for: Attorneys; CPAs who prepare forms 1065, 568, 565 and K-1 for partnerships and LLCs; and CPAs who prepare partner income tax returns or forms 1040 or 1120, or who advise partners on tax-smart strategies..

Designed for: Attorneys; CPAs who prepare forms 1065, 568, 565 and K-1 for partnerships and LLCs; and CPAs who prepare partner income tax returns or forms 1040 or 1120, or who advise partners on tax-smart strategies.

Author/Instructor: Gary R. McBride, CPA, J.D., LL.M., Esq.

Author/Instructor: Gary R. McBride, CPA, J.D., LL.M., Esq.

Date

Location

Event

Date

Location

Event

San Francisco

4151401A

Oct. 19

Burbank Area

4151257C

Oct. 29

Nov. 4

Webcast (R)

4151257D

Oct. 29

Webcast

4151401B

Nov. 4

Webcast (6:30 a.m. start) (R)

4151257E

Nov. 9

Burbank Area

4151401C

Nov. 18

Webcast (R)

4151401D

Nov. 18

Webcast (6:30 a.m. start) (R)

4151401E

For complete course description and registration: calcpa.org/taxguide or (800) 9-CalCPA 31

PARTNERSHIPS AND LLCS

Fundamentals of Partnership Taxation

LLCs and Partnerships: Review of Selected Topics

This comprehensive course will prepare those new to partnership taxation and update those who need to know the latest by exploring frequently encountered partnership issues.

You’ll be immersed in the details of selected Internal Revenue Code partnership provisions, become familiar with partnership taxation issues and tackle formation accounting, concept identification and problem solving techniques.

Tax practitioners have long grappled with understanding the rules contained in Subchapter K statutes and regulations. It’s time to grapple no longer. This course reviews key code sections, including partnership/LLC formation, basis adjustments and income/loss allocations, and the applications you need to effectively prepare partnership tax returns. Additionally, uncover important planning opportunities by analyzing key regulations.

Note: This is a survey course. Although class discussion will review several features of Form 1065, Schedule K-1, we will not cover form preparation.

Objectives: • Recognize the specifics of IRC Subchapter K. • Recall key partnership tax issues.

• Determine tax return compliance procedures.

• Identify underlying tax basis calculations.

CPE Hours: 8 | CTEC-Fed: 8 | IRS-TX: 8 | MCLE: 6.5 Level: Basic Designed for: CPAs and attorneys. Tax return preparers with up to three tax seasons will benefit most, although more experienced practitioners who have not worked with partnerships for a long time or who are not familiar with LLCs will also benefit.

Author: Norman S. Solomon, CPA, J.D., LL.M. Instructor: Michael Vinson, Esq. Date

Location

Event

Jan. 27

San Francisco Peninsula

4151083A

Jan. 27

Webcast

4151083B

32

Objectives: • Identify tax laws related to selected Subchapter K code sections.

Partnership and LLC Taxation: Advanced Issues, Including Transfers of Interests and Liquidations This best-selling course will prepare you to help your clients plan partnership and LLC transactions to minimize taxes. We’ll cover allocation of basis in debt to step-up in basis upon transfer; disguised sales; abandonment of partnership interest; reallocation of depreciation among partners; reporting income from forgiveness of indebtedness; how to determine an LLC member’ self-employment income; and more.

Objectives:

• Recognize key Subchapter K elements, including formations, income allocations, allocations of debt, basis and its relation to the at-risk rules, distributions and optional (and mandatory) basis adjustments.

• Recognize tax traps and pitfalls in the organization and operation of partnerships and LLCs.

• Recall how to confidently and efficiently preparing Schedules K-1.

• Identify common ownership changes.

Prerequisites: Understanding of partnership and LLC taxation.

CPE Hours: 8 | CTEC-Fed: 8 | MCLE: 6.5 | LS-TX: 6.5 Level: Intermediate Designed for: CPAs and attorneys who want to become more familiar with selected partnership/LLC code sections or want to learn more about the philosophy and application of Subchapter K rules.

Author: Norman S. Solomon, CPA, J.D., LL.M. Instructor: Michael Vinson, Esq.

Date

Location

Event

Nov. 20

LA/Beverly Hills

4151323C

Dec. 9

Palm Springs CPE Week

4151323D

Jan. 20

Webcast (R)

4151323E

Jan. 20

Webcast (6:30 a.m. start) (R)

4151323F

Materials are provided in an ebook format for most events

• Calculate the special allocations required for Section 704(c) property.

• Identify and apply rules properly when passing income and other items through owners.

• Determine how to properly plan and account for income from forgiveness of debt.

• Identify how to handle the balance sheet after required tax adjustment.

Prerequisites: Five or more years of tax experience.

CPE Hours: 8 | MCLE: 6.5 | CTEC-Fed: 8 | LS-TX: 6.5 Level: Advanced Designed for: CPAs who advise clients on planning for partnership or LLC transactions, or those who have review responsibility in the partnership or LLC tax compliance function.

Author: Nichols Patrick CPE Inc. Instructors: Don P. Cochran, CPA, J.D., CFP, CRC (Jan.); Mark J. Patrick, CPA, CVA Date

Location

Event

Nov. 16

San Francisco

4151398B

Nov. 16

Webcast

4151398C

Dec. 14

Burbank Area

4151398D

Jan. 13

Webcast (R)

4151398E

Jan. 13

Webcast (6:30 a.m. start) (R)

4151398F

2015-16 Ultimate Tax CPE Guide

PARTNERSHIPS AND LLCS

Partnership Preparation, Basis Calculations and Distributions: Form 1065 Schedule K & K1 Analysis This comprehensive course will get you up to speed with partnership and LLC formation and preparation issues, as well as provide a thorough understanding of calculating a partner’s and LLC member’s basis. We’ll take a line-by-line analysis of Form 1065 Schedule K and K-1—and how these items affect the partner/member’s individual income tax return.

Objectives: Upon completion of this course, participants will be able to identify how to: • form a partnership and LLC; • completing Form 1065 Schedule K & K-1; • report cash and non-cash distributions; • calculate a partner and member’s outside tax basis; • determine losses and deductions that may be limited on Form 1040 due to the basis, at-risk and passive activity loss rules; and • understand Schedule K-1 issues, including where items get reported on the individual’s federal tax return, what tax rates are applicable to the partner’s and how the items affect their basis calculations.

Prerequisites: General knowledge in individual and partnership income taxes.

CPE Hours: 8 | MCLE: 8 | CTEC-Fed: 8 | IRS-TX: 8 Level: Intermediate Designed for: CPAs and tax professionals that need a training course on tax preparation issues, basis calculations and distributions rules for partnerships, LLCs and their owners.

Author: Garverick CPE LLC Instructor: Mark Vanden Berge, CPA Date

Location

Event

Nov. 19

San Francisco Peninsula

4151613A

Nov. 19

Webcast

4151613B

Dec. 17

Los Angeles Airport

4151613C

Staff Tax Training: Partnerships and LLCs (Form 1065) This two-day training course is designed to provide a comprehensive understanding of the taxation of partnerships, limited liability companies (LLCs) and limited liability partnerships (LLPs) and their owners. You will review everything from formation fundamentals to partnership liquidation ramifications. The cornerstone of this course is the integration of the most recent tax laws and theories into real world case scenarios through the preparation and review of the IRS tax forms and practice aids.

Objectives:

REAL ESTATE

CONFERENCE October 28, 2015

• Outline of the ins and outs of partnership taxation.

• Identify the most recent tax laws that affect the partnership entity.

• Recognize the importance of entity selection for your clients by comparing and contrasting the tax and non-tax issues of the partnership, LLC and LLP. CPE Hours: 16 |CFP: 16 | CTEC-Fed: 16 | IRS-TX 16 MCLE: 13 Level: Basic Designed for: CPAs, tax return preparers, staff accountants and paraprofessionals seeking a comprehensive basic partnership & LLC income tax course.

Author: Garverick CPE LLC Instructor: Mark Vanden Berge, CPA Date

Location

Event

Nov. 30

Los Angeles Airport

4152128A

Jan. 7

San Francisco Peninsula

4152128B

Burbank Airport Marriott & Convention Center

2500 N. Hollywood Way Burbank, CA 91505

& Webcast

Member $325 Nonmember $425 CPE 8 calcpa.org/rec

For complete course description and registration: calcpa.org/taxguide or (800) 9-CalCPA 33 REC_Pg33.indd 1

9/8/15 4:22 PM

TRUSTS AND ESTATE PLANNING 2-Day CONFERENCE Advanced Estate Planning Institute Now in its 20th year, the Advanced Estate Planning Institute continues to be the gold standard of estate planning education events in California. As estate planning continues to change dramatically, today’s CPA can be more influential than ever in implementing and addressing these changes. Information is everything and with the shift from transfer tax to income tax, you have a role to play in how decisions are made to best protect your client’s assets. Nationally recognized speakers will offer key updates and materials to assist you in your practice. Whether you’ve attended in the past, or you’ve just thought about it, make attending the 2016 Advanced Estate Planning Institute your priority.

Thursday’s networking receptiaon will give you the opportunity to mix and mingle with speakers and your advanced estate planning colleagues.

Objectives: • Identify current issues facing your estate planning clients.

• Outline practical plans to help you advise clients on a broad range of income and transfer tax issues.

• Recognize new strategies to protect your clients’ assets.

Prerequisites: Working knowledge of estate planning techniques, including: charitable trusts, GRATS, IDGTS subtrust funding and gifting.

Special Pricing: CalCPA Member: $895 Nonmember: $1,095 Coupon Add-On: $175 VPE Add-On: $275

3 Hrs

2 Hrs

Advanced Asset Protection Planning Learn how to keep assets safe from plaintiffs, creditors or a government agency. We’ll review more advanced planning strategies and solutions, including planning with community property; use of domestic and offshore business entities; domestic and foreign trusts; equity strips; private retirement plans; sales to defective trusts; and others. We’ll also look at how to protect assets after a lawsuit, a loan default or an accident. The discussion will focus on the various ways to protect common assets, such as houses, bank and brokerage accounts; businesses and professional practices; and retirement plans.

Advanced Estate Planning Focusing on advanced estate tax planning, this course will cover choosing portability vs. an A-B trust, lifetime gifting, successful family limited partnership structures, intentionally defective grantor trusts, self-canceling installment notes, grantor retained annuity trusts, qualified personal residence trusts, life insurance trusts and estate planning for international clients.

Objectives: • Identify sophisticated estate tax planning structures.

• Determine how and when to use specific estate tax planning techniques.

CPE Hours: 2 | MCLE: 1.5

Objectives: • Identify sophisticated asset protection planning techniques.

• Determine common obstacles to planning and what to do with last minute planning.

Level: Advanced Designed for: Accountants, business managers and CFOs. Author/Instructor: Jacob Stein, Esq., J.D., LL.M.

Prerequisites: Completion of a basic course on asset protection planning.

Date

Location

Event

CPE Hours: 3 | MCLE: 2.5

Dec. 1

Webcast

4153044B

Level: Advanced Designed for: Accountants, business managers and CFOs. Author/Instructor: Jacob Stein, Esq., J.D., LL.M. Date

Location

Event

Dec. 2

Webcast

4153043A

Jan. 18

Webcast

4153043B

CPE Hours: 16 | IRS-FTL: 16 | MCLE: 13 | LS-EP: 13 Level: Advanced Designed for: CPAs, attorneys, insurance and financial professionals who have extensive experience in estate planning.

Conference Chair: Jacqueline A. Patterson, Esq. Date

Location

Event

Jan. 28-29

Orange County South

5151028A

Jan. 28-29

Webcast

5151028B

34

Materials are provided in an ebook format for most events

2015-16 Ultimate Tax CPE Guide

TRUSTS AND ESTATE PLANNING

Advanced Issues: The Art of the Estate Tax Return

Asset Protection Planning

This course reveals the most effective strategies for preparing an estate tax return and achieving the most successful results for your clients during an audit. Compliance and planning opportunities with the portability election will be reviewed in depth.

From the underlying substantive law to practical aspects of asset protection, you’ll learn how to lower your risks and keep your assets from plaintiffs, creditors or an agency of the federal government. We’ll review planning strategies and solutions, including planning with community property, business entities and domestic and foreign trusts, as well as look at how to protect assets in a troubled economy from lenders and landlords holding personal guarantees. Also, you’ll learn various ways to protect common assets, such as houses, bank and brokerage accounts, businesses and professional practices and retirement plans.

At the outset of the class, Instructor Keith Schiller will ask what topics you want discussed. This agenda will set the basis for much of the course discussion, making the class more responsive to your needs.

You’ll learn about the weaknesses in IRS arguments, how to secure the best appraisal results and how to effectively make portability elections. Explore the counter arguments for IRS challenges to FLPs, formula clauses, promissory note valuation and allowable deductions. Learn strategic approaches and compliance alternatives with portability elections, avoid traps in both planning and preparing Form 706, including maintaining document control, protecting discounts (TICs, promissory notes, closely held stock, FLPs and other property interests) avoiding penalties, protective refund claims (Schedule PC), best use of administrative expense deductions, achieving best audit results and staying on top of refund claims. The course focuses on how to enhance your technical knowledge and strategically implement applications. You’ll benefit from the instructor’s more than 38 years of estate tax return experience and attendees will leave with enhanced knowledge and strategic insights for effectively filing federal estate tax returns (Form 706).

Course materials include Keith Schiller’s award-winning textbook and latest supplement, Estate Planning at the Movies: The Art of the Estate Tax Return, which delivers best practices and cuttingedge strategies for estate tax savings. The course text references more than 200 motion pictures in memorable and thought-provoking applications related to class topics.

Note: Webcast participants will receive course materials in e-book format.

CalCPA Member: $370 Nonmember: $470 Materials Add-On: $95 Objectives: • Discover how to slash estate tax liability.

• Address what you most want to discuss to make your estate tax return practice more effective.

• Discuss how to best integrate estate tax return preparation into your more effective accounting or law practice.

• Learn to avoid audits and gain insight to the selection of estate tax returns for examination.

Course materials include real-life case histories and anecdotes that illustrate the effectiveness of various structures.

This is an integral course for any CPA with an estate planning or high-net worth planning practice.

Objectives: • Identify specific planning and structuring techniques.

• Recall underlying substantive law and its practical application.

• Determine how and when to implement each structure and for what type of asset and client.

• Recognize community and separate property assets and the use of business entities, trusts, equity strips, installment sales to insiders, etc.

Advanced Preparation: Course materials must be brought to class.

Prerequisites: Basic knowledge of business entities, income, estate and gift taxes.

Prerequisites: This is an advanced class in which participants should have some existing familiarity with estate tax return preparation and estate planning.

CPE Hours:8 | CTEC-Fed: 8 | IRS-TX: 8 | CFP: 8 MCLE: 6.5 LS-EP: 6.5

CPE Hours: 8 | CTEC-Fed: 8 | IRS-TX: 8 | MCLE: 6.5 | LS-EP: 8

Level: Intermediate

Level: Advanced

Designed for: CPAs, attorneys, financial planners, real estate investors and business owners.

Designed for: Attorneys, CPAs, and tax practitioners with experience related to Form 706 who wish to prepare significantly more effective estate tax returns..

Author/Instructor: Keith Schiller, Esq. Date

Location

Event

Dec. 11

Palm Springs CPE Week

4151982C#

Jan. 12

San Francisco

4151982D#

Jan. 12

Webcast

4151982E#

Author/Instructor: Jacob Stein, Esq., J.D., LL.M. Date

Location

Event

Oct. 30

Burbank Area

4151063B

Nov. 16

San Francisco

4151063C

Nov. 16

Webcast

4151063D

Jan. 27

Orange County North

4151063E

For complete course description and registration: calcpa.org/taxguide or (800) 9-CalCPA 35

TRUSTS AND ESTATE PLANNING

California Community Property: The CPA’s Guide

Estate Planning: A Comprehensive Overview If you’re looking to get started in estate planning, then this course is for you. Learn the basics of intestate succession, probate, wills, health care directives, general powers of attorney, trusts and gift and estate tax planning, as well as transfers of assets.

Orange County & Webcast

California’s community property rules have a profound impact on your clients’ lives and your practice in estate tax planning, income tax planning, asset protection planning, business planning and more. Learn general rules, from community property to pre- and post-marital agreements, and from spousal gifts to relevant federal tax rules—plus some situations unique to CPAs as counselors to closely held businesses, high income taxpayers and others.

We’ll also cover the categorization of property and debts, which can be complex as clients move in and out of, and between, community property and non-community property states—and not all community property states have the same rules.

Member $895 Nonmember $1095

After this course, you will be able to advise clients and work confidently with their lawyers and other professional advisers in a proactive manner.

Advanced Estate Planning Institute Jan. 28-29, 2016

Objectives:

CPE 16

calcpa.org/ep

Startup Conference Dec. 3, 2015

1770 S. Amphlett Blvd.

San Mateo, CA 94402

& Webcast

We will pay particular attention to planning for estate tax law changes, and take a look at advanced planning strategies, such as the use of trust protectors.

Formerly titled: Estate Planning Intro: Know Your Q-tip From a QTIP

• Determine community and separate property.

Objectives:

• Identify rules surrounding spousal gifts, relevant federal tax issues, insurance and real estate.

• Identify estate planning objectives.

• Recognize the categorization of property and debts.

• Recognize common issues from basic to advanced gift and estate tax planning.

CPE Hours: 8 | CTEC-CA: 8 | MCLE: 6.5 | LS-FL: 6.5

• Identify the skills to deal with gift and estate tax problems.

Level: Basic Designed for: CPAs who advise clients about business, financial and estate planning.

Author/Instructor: Bruce M. Givner, Esq.

Marriott San Mateo

Get the basics of transfer tax planning, including A-B trusts, QTIPs, IDGTs, QPRTs, GRATs, unlimited marital deduction planning, planning with life insurance trusts, family limited partnerships and more.

Date

Location

Event

Nov. 2

Los Angeles Airport

4152910A

Dec. 10

San Francisco

4152910B

Dec. 10

Webcast

4152910C

Member $325 Nonmember $425 CPE 8

• Recall the basics of our legal system as it relates to probate, wills and trusts.

CPE Hours: 8 | MCLE: 6.5 Level: Basic Designed for: Public practice or industry tax professionals, CPAs and attorneys (including professional staff) involved in tax planning and consultation..

Author/Instructor: Jacob Stein, Esq., J.D., LL.M..

Date

Location

Event

Oct. 29

Burbank Area

4152314A

Oct. 29

Webcast

4152314B

Nov. 11

Los Angeles Airport

4152314C

Dec. 10

Palm Springs CPE Week

4152314D

Jan. 4

San Francisco

4152314E

Jan. 4

Webcast

4152314F

calcpa.org/startup 36

Materials are provided in an ebook format for most events

AEPF_TaxBrochure_Pg36.indd 1

9/8/15 3:40 PM

2015-16 Ultimate Tax CPE Guide

TRUSTS AND ESTATE PLANNING

Everything You Need to Know About Trusts

Form 1041 Workshop

Starting with an overview of trust laws and general concepts, we’ll then dive into common structures and progress into advanced trust planning issues. And new this year will be extensive coverage of the use of trust protectors.

Successfully navigating Form 1041 can be a challenge for even the most seasoned practitioners. This course reviews more advanced issues that arise in fiduciary accounting and taxation, targets special situations involving fiduciary accounting for flow-through entities and reviews issues that arise upon the death of the grantor or first spouse. We’ll also explore how new legislation impacts Form 1041, California Form 541 issues and discuss favorable planning opportunities to minimize taxes and special elections.

You’ll learn advanced techniques related to income, gift and estate tax planning using trusts; succession planning; trust administration; special needs planning and asset protection uses of most common trusts.

The discussion will also cover various trusts, including living, qualified personal residence, life insurance, grantor annuity, charitable, special needs, foreign, retirement, dynasty and defective grantor. And we will cover utilizing portability versus A-B and A-B-C trusts.

Objectives: •

Identify the income tax, gift tax and estate tax aspects of various types of trusts.

•

Determine the requirements for a valid trust, selecting trustees, trustee discretion, distribution clauses and probate avoidance.

•

Recognize how to avoid Proposition 13 reassessment.

•

Recall the estate planning and asset protection planning uses of different trusts.

•

Identify advanced tax, estate, succession, retirement, special needs and asset protection planning using trusts.

•

Recognize common obstacles and pitfalls, such as selection of trustee and property tax reassessment, and how to plan around them.

Prerequisites: General knowledge of income, estate and gift taxes.

CPE Hours: 8 | CFP: 8 | MCLE: 6.5 | LS-EP: 6.5 | LS-TX: 6.5 Level: Intermediate Designed for: CPAs, attorneys and financial planners.

Authors/Instructors: Jacob Stein, Esq., J.D., LL.M.; Kenneth W. Kossoff, Esq.

Objectives: •

Identify the basic concepts of fiduciary taxation.

•

Recognize the impact of the Medicare surtax and the latest legislation on fiduciary tax rates and brackets.

•

Determine special issues involved with fiduciary accounting for flowthrough entities, including the power to adjust.

•

Recall the distribution deduction and special issues involving capital gains and in-kind distributions.

•

Determine and analyze the issues and elections that arise upon the death of the grantor or first spouse.

•

Identify issues involving the adjusted basis of assets in a trust or estate.

Prerequisites: An understanding of the basics of transfer and succession planning.

CPE Hours: 8 | AA: 1 | CFP: 8 | MCLE: 6.5 | LS-EP: 8 | IRS-TX Level: Intermediate Designed for: CPAs, trustees, attorneys and other advisers who are involved with fiduciary entities.

Author/Instructor: Jacqueline A. Patterson, CPA, J.D., MBT, Esq. Date

Location

Event

Nov. 4

San Francisco

4151979B

Nov. 4

Webcast

4151979C

Dec. 2

LA/Beverly Hills

4151979D

Date

Location

Event

Oct. 20

San Luis Obispo CPE Week

4151519B

Jan. 18

Webcast (R)

4151979E

4151519C

Jan. 18

Webcast (6:30 a.m. start) (R)

4151979F

Nov. 12

Los Angeles Airport

Jan. 5

San Francisco

4151519D

Jan. 5

Webcast

4151519E

Jan. 26

Orange County North

4151519F

For complete course description and registration: calcpa.org/taxguide or (800) 9-CalCPA 37

TRUSTS AND ESTATE PLANNING

Form 1041: Down to the Basics

Form 709: Gift Tax Returns

GST Tax From A to Z

This basic course reviews the fundamentals of the fiduciary entity, fiduciary accounting and taxation. From inception to completion, we will analyze Form 1041 and use a spreadsheet to track the different calculations necessary for accurate preparation. You will also review recent tax law changes that impact Form 1041, learn how to navigate various problem situations and increase your understanding of what to look for when reviewing a Form 1041 submitted by another practitioner.

Gift tax is often the most ignored tax, but failure to properly comply can cause estate tax problems down the road. Review the fundamentals of gift tax law, preparation of Form 709, GST reporting on Form 709 and practical approaches to adequate disclosure and gift tax audits. We’ll also discuss recent legislation and reported judicial decisions related to the gift, estate and GST taxes. The use of and importance of valuation planning is also fully considered.

Objectives:

Objectives:

Learn the intricacies of the generationskipping transfer tax, a complex and often counterintuitive law, and review how to recognize your clients’ GST planning opportunities. Gain practical, in-depth knowledge of GST tax compliance and trust administration issues; understand how to complete all tax forms related to the GST tax; and explore advanced planning and compliance techniques with life insurance trusts. We will also discuss how to integrate the 2012 Tax Act into estate planning and return preparation, and learn other GST planning opportunities.

•

Identify the basic components of Form 1041.

•

•

Recall state and federal laws that drive a fiduciary entity.

•

Recognize the relationship among the different authorities that impact accounting and tax treatments.

•

Learn how to prepare Form 709.

•

Understand the GST tax including rules of GST exemption allocation to gifts.

Determine tax law changes that impact Form 1041 and analyze Form 1041 from inception to completion.

•

Understand the adequate disclosure requirements with Form 709 filing.

•

Review hot topics under gift tax law, including GRATs, sales to defective trusts, decanting, rescission and fair market value concepts, including valuation discounts.

•

•

Identify how to review a Form 1041 submitted by another practitioner.

CPE Hours: 8 | AA: 1 | MCLE: 8

CPE Hours: 8 | IRS-TX: 8 | MCLE: 6.5 | LS-EP: 6.5

Level: Basic Designed for: Practitioners who prepare or review Form 1041.

Author/Instructor: Jacqueline A. Patterson, CPA, J.D., MBT, Esq. Date

Location

Event

Nov. 10

Burbank Area

4151495A

Dec. 15

San Francisco

4151495B

Dec. 15

Webcast

4151495C

Jan. 8

Webcast (R)

4151495D

Jan. 8

Webcast (6:30 a.m. start) (R))

4151495E

38

Understand the operation of and significant issues under federal gift tax laws.

Level: Basic Designed for: CPAs, attorneys, enrolled agents and practitioners with some experience in estate planning or who desire additional knowledge.

Author/Instructor: Charles W. Morris, J.D., Esq.

Objectives: •

Recognize GST law: GST events, special terms, recognition of issues and tax compliance with GST tax forms.

•

Identify case examples, ranging from simple GST situations to complex applications and compliance issues.

•

Identify how to maximize the benefit of the inflation-adjusted GST exemption.

•

Determine how to work with clients and returns after the 2012 Tax Act.

•

Identify sample trust provisions to avoid GST problems.

Prerequisites: Prior experience with trusts and estate planning principles.

CPE Hours: 8 | CTEC-Fed: 8 | IRS-TX: 8 | MCLE: 6.5 LS-EP: 6.5 Level: Intermediate

Date

Location

Event

Oct. 27

San Francisco

4151957B

Oct. 27

Webcast

4151957C

Dec. 8

Webcast (R)

4151957D

Dec. 8

Webcast (6:30 a.m. start) (R))

4151957E

Materials are provided in an ebook format for most events

Designed for: Practitioners who want an indepth review and practical application of GST tax law and compliance.

Author/Instructor: Keith Schiller, Esq. Date

Location

Event

Oct. 20

San Francisco

4151271B

Oct. 20

Webcast

4151271C

2015-16 Ultimate Tax CPE Guide

TRUSTS AND ESTATE PLANNING 1 Hr

International Estate Planning

Living Trust Administration Workshop

With the greater mobility of wealth and of the world’s population, international estate planning is a fast-growing area of tax law. Americans working and retiring overseas; foreigners investing and living in the U.S.; and marriage unions between foreign nationals and Americans all create a complex web of tax planning. We’ll cover estate planning issues unique to crossborder clients, including gifting assets, avoiding U.S. estate taxes for foreign clients, QDOT trusts, pre-immigration estate tax planning and application of estate tax treaties.

In today’s estate tax environment, the answers to core questions concerning whether to file an estate tax return, make a portability election or make a QTIP election may surprise you. This how-to workshop focuses on the trust administration process on the death of the single settlor and the first spouse in a joint settlor trust. Among other related topics, you will learn what clauses to look for in the trust; when and how to make portability and QTIP elections; how to educate the client concerning trust administration; and how to deal with assets outside the trust. Using checklists and forms, you’ll understand how to create a practical system for administering the living trust after a death.

Formerly titled: Practical Workshop on Trust Administration of the Living Trust.

Objectives: •

Determine how to develop a systematic approach to trust administration.

•

Identify portability and QTIP elections and when to file an estate tax return.

•

Identify how to administer a single-person trust and how to administer a two-person trust on the first death.

•

Recognize key provisions in the trust instrument.

•

Determine the income and estate tax issues associated with administration.

•

Recognize the effect of estate tax law on administration and plan for 2014 estate tax law.

•

Identify how to use chronological checklists for trust administration.

CPE Hours: 1

•

Determine when to file a 706 at First Death for Portability and/or QTIP election

Level: Intermediate

•

Determine how to best educate the client.

Designed for: Accountants, business managers and CFOs.

Prerequisites: General knowledge of income, estate and gift taxes.

Objectives: •

Identify transfer taxes applicable to foreign clients.

•

Determine how to avoid U.S. transfer taxes for foreign clients.

Prerequisites: Prior experience with trusts and estate planning principles.

Author/Instructor: Jacob Stein, Esq., J.D., LL.M.

CPE Hours: 8 | CTEC-Fed: 8 | CFP: 8 | IRS-TX-8 | MCLE: 6.5 | LS-EP: 6.5 Level: Intermediate

Date

Location

Event

Designed for: CPAs, attorneys and other professionals who want solutions, systems and forms to help with postmortem living trust administration.

Dec. 3

Webcast (R)

4153041A

Author/Instructor: David B. Gaw, Esq.

Jan. 21

Webcast (R)

4153041B

Date

Location

Event

Aug. 20

San Francisco Peninsula

4151274A

Aug. 20

Webcast

4151274B

Nov. 3

Webcast (R)

4151274C

Nov. 3

Webcast (6:30 a.m. start) (R)

4151274D

For complete course description and registration: calcpa.org/taxguide or (800) 9-CalCPA 39

TRUSTS AND ESTATE PLANNING

Preparing Form 706: The Federal Estate Tax Return Review the basics of how to prepare a federal estate tax return (Form 706) and make the portability election for the estate of the deceased spouse in this course, which has been revised to focus solely on beginning estate tax return preparation. With special rules to calculate the gross and net estate, Form 706 is the most significant return most taxpayers will file. We’ll dive into the portability of the deceased spousal unused exclusion amount, which is the fast-growing compliance opportunity for your clients. Moreover, the portability election can provide significant estate tax insurance for the surviving spouse and income tax insurance for beneficiaries. Gain a basic understanding of how to complete each of the schedules, make available elections, discuss the changes arising from the 2012 Tax Act and review the most recent edition of Form 706.

Note: A companion course, Advanced Issues: The Art of the Estate Tax Return, presents in-depth discussion of issues, tax-saving strategies and planning alternatives with Form 706 using the second edition of the instructor’s book, Art of the Estate Tax Return, published by Bloomberg BNA Books.

Objectives: •

Determine how to prepare each schedule to the estate tax return (Form 706).

•

Identify how to present returns to minimize audit risks.

•

Recognize protective and perfected refund claims with estate tax.

•

Determine portability elections to benefit from the deceased spousal unused exclusion amount (DSUEA).

•

Identify and discuss rules to deduct expenses and liabilities, including protective refund claims (and Schedule PC) and extra demands, and calendaring needed for your office.

Prerequisites: Basic understanding of trusts and estate planning terminology.

CPE Hours: 8 | CTEC-Fed: 8 | IRS-TX: 8 | MCLE: 6.5 | LS-EP: 6.5 Level: Basic Designed for: Attorneys, CPAs and tax practitioners who wish to understand the basics of preparing Form 706 returns

Settled and Approved: Fiduciary Accounting from Start to Finish Trustees and executors typically must account annually, while conservators and guardians must account every two years. Yet very few attorneys and CPAs who represent fiduciaries understand how to prepare and present fiduciary accountings. This course will explore the differences between fiduciary accounting and tax and financial accounting; use real-world examples to move from basic concepts of fiduciary accounting to more complicated aspects of the Uniform Principal and Income Act; and discuss techniques for highlighting the fiduciary’s good deeds, while mitigating the bad. You’ll also explore fiduciary fees and the challenges CPAs face when they serve as trustees.

Objectives: •

Determine how to produce the summary of account and each supporting schedule.

•

Recognize California’s Uniform Principal and Income Act.

•

Recognize when the fiduciary’s records reveal a breach of trust.

•

Determine how to get the records you need to do the job you were hired to do.

CPE Hours: 8 | AA: 8 | MCLE: 6.5 | LS-EP: 6.5 Level: Basic Designed for: CPAs, attorneys, trustees and trust administrators.

Author/Instructor: Margaret M. Hand, J.D., Esq. Date

Location

Event

Nov. 4

Newport Beach CPE Week

4152186C

Dec. 9

San Francisco

4152186D

Dec. 9

Webcast

4152186E

Jan. 13

Webcast (R)

4152186F

Jan. 13

Webcast (6:30 a.m. start) (R))

4152186G

Author/Instructor: Keith Schiller, Esq. Date

Location

Event

Nov. 19

Burbank Area

4151360C

Dec. 4

Webcast (R)

4151360D

Dec. 4

Webcast (6:30 a.m. start) (R))

4151360E

40

Materials are provided in an ebook format for most events

2015-16 Ultimate Tax CPE Guide

TRUSTS AND ESTATE PLANNING

Subtrust Funding Workshop Given the new estate tax environment, when should you file a 706 for a non-taxable estate— even if one is not required—to take advantage of QTIP and portability elections? Your determination here will play a pivotal role in the sub-trust funding.

Be prepared to dive into lots of areas, including subtrust funding on the death of the first spouse in the context of a joint revocable trust; the effects of different estate planning techniques on subtrust funding; create spreadsheets for subtrust allocation and analyze a hypothetical fact pattern using spreadsheets. We’ll also cover income tax issues related to funding, opportunities presented by QTIP, portability elections, marital deduction and generationskipping formulae and “stale” trust funding.

Objectives:

The Nuts and Bolts of High End Planning Understanding the basics of advanced estate planning strategies is essential to better advise your clients who have significant wealth and are looking to you to assist them in developing integrated succession plans that addresses their needs. This practical class provides a basic review of the transfer and income laws and the available strategies to minimize these taxes.

You will be introduced to topics such as the basic structure of advanced strategies; the provisions in the governing that authorize and regulate these strategies; modeling and tracking spreadsheets; and software options. To illustrate the concepts discussed, you will see a live demonstration of financial planning software, run modeling exercises and review examples of sophisticated estate and business planning scenarios.

•

Understand portability and QTIP elections and the effect on subtrust funding.

•

Create spreadsheets for subtrusts.

•

Determine the targeted dollar amounts to be put into subtrusts and use spreadsheets to do the same.

•

Review the marital deduction and generation-skipping formulae.

•

•

Coordinate retirement plans with subtrust funding.

Identify the pros and cons of various strategies.

•

•

Examine particular assets to be put into different subtrusts.

Recognize and use different advanced estate planning strategies.

•

•

Consider the rationale for each particular subtrust.

Calculate and project results for a particular advanced strategy.

•

•

Develop an in-depth understanding of “stale” trust administration.

Identify modeling scenarios for individual client needs.

•

Learn the use of hypothetical facts in funding.

Prerequisites: General knowledge of income, estate and gift taxes.

CPE Hours: 8 | CTEC-Fed: 8 | CFP: 8 | IRS-TX | MCLE: 6.5 | LS-EP: 6.5 Level: Advanced

Formerly titled: Business & Wealth Succession Planning

The Portable Exclusion, Marital Deduction and Future of Survivor’s and Bypass Trusts Planning Now more than ever, clients need to simultaneously address the estate, gift, generation-skipping, income and property tax implications of estate plans. Take an in-depth look at the advantages and disadvantages of relying on the portable exclusion to avoid estate tax; the role of the marital deduction; and how to maximize planning opportunities by building flexibility into the modern estate plan.

We’ll cover qualitative implications of various strategies as they apply to common scenarios, including the traditional family, blended families, same-sex marriages and remarriages.

Objectives: •

Identify the latest developments in estate planning.

•

Determine how to properly apply recent tax and legal developments.

•

Identify emerging estate planning strategies.

•

Recognize how to claim the portable exclusion at the first and second deaths, what happens if the surviving spouse remarries and what happens when the next spouse dies.

•

Identify the pros and cons of “B” (Bypass) trusts with regard to asset protection, asset appreciation, control and income tax planning.

•

Recognize the trend toward “A” (Survivor’s)/”C” (QTIP) trusts planning, leaving out “B” (Bypass) Trusts and when it is appropriate.

Objectives: •

Determine client transfer and income tax projections and the need for advanced planning.

Prerequisites: An understanding of the basics of transfer and succession planning.

CPE Hours: 8 | CFP: 8 | MCLE: 6.5 | LS-EP: 6.5 Level: Intermediate Designed for: CPAs, attorneys, investment advisers and fiduciaries.

Authors/Instructors: David B. Gaw, Esq.; Jacqueline A. Patterson, CPA, J.D., MBT, Esq.

Designed for: CPAs and attorneys who want to master the complex issues of subtrust funding.

Date

Location

Event

Author/Instructor: David B. Gaw, Esq.

Oct. 23

Orange County North

4152323B

Dec. 14

San Francisco

4152323C

Dec. 14

Webcast

4152323D

CPE Hours: 8 | CFP: 8 | MCLE: 6.5 | LS-EP: 6.5 | LS-TX: 8 Level: Basic Designed for: CPAs, attorneys, financial advisers, insurance advisers, trust officers, paralegals and others who provide estate planning advice.

Author/Instructor: J. Randall (Randy) Gardner, CPA, J.D. Date

Location

Event

4151486A

July 22

Orange County North

4152918A

Webcast

4152918B

Date

Location

Event

Oct. 20

San Francisco Peninsula

Oct. 20

Webcast

4151486B

July 22

Dec. 10

Webcast (R)

4151486C

Jan. 19

Webcast (R)

4152918C

Dec. 10

Webcast (6:30 a.m. start) (R)

4151486D

Jan. 19

Webcast (R)

4152918D

For complete course description and registration: calcpa.org/taxguide or (800) 9-CalCPA 41

REGISTRATION POLICIES Registrations

Confirmation Notices

• Registrations are taken on a first-come, firstserved, space available basis.

Approximately five days before the event, CalCPA Education Foundation will send you a confirmation/reminder via email. You may also access your confirmation online at any time.

Please check this notice carefully for FINAL details about the event facility and to download materials for events with ebooks.

• Walk-ins are allowed on a space available basis at the full member/nonmember fee.

• Multi-day programs must be attended by the same registrant each day. No substitutions are allowed.

• CalCPA Education Foundation reserves the right to substitute speakers, change locations based on facility availability and to cancel programs if necessary. Travel expenses for canceled events incurred by the registrant will not be reimbursed.

• CalCPA Education reserves the right to refuse admission and to remove any individual whose behavior it deems inappropriate.

Fees All standard and discount program fees are based on the CalCPA membership year (May 1-April 30). Fees are applied when the CPE event is held or CPE product is purchased. CalCPA member rates are applicable only to CalCPA members in good standing during the applicable term. VPE fees are applicable only to current CalCPA members. Nonmembers are eligible to purchase Coupons. All discount programs are valid for one year from the date of purchase.

For AICPA programs, a $30 discount per eight hours of CPE is available to all AICPA members paying the full member or nonmember price. AICPA member ID must be provided to CalCPA Education Foundation prior to purchase.

Cancellation Policies Four business days PRIOR to an event: To receive a full refund, cancellations can be requested by 1) clicking Cancel Event from the tools menu on your My Events page, 2) calling (800) 922-5272 or 3) emailing calcpa@calcpa.org at least four business days prior to the event.

Three business days or less prior to an event: Three business days or less before an event, cancellations may be made by phone (800) 922-5272. A $125 cancellation fee will be charged for all cancellations made three business days or less prior to the event. Any add-on fees will not be refunded.

No-shows No refunds will be given for no-shows.

VPE discount program holders—No-shows will have the number of registered CPE hours deducted from their VPE credit.

Coupon users—No-shows will forfeit the coupon used to register.

42

Attendance Policies To be admitted to a course or conference, you are required to legibly sign your name on the official sign-in sheet prior to the start of the event. If you arrive late, you must note your arrival time on the sign-in sheet. If you need to leave early, you must initial and note your departure time on the sign-in sheet to receive partial credit.

CalCPA Education Foundation archives sign-in sheets as required by the California Board of Accountancy to verify your CPE attendance in the event your CPE records are audited.

Note to webcast group participants: To ensure your attendance is properly recognized, your name must be listed under the “Group Sign-In Sheet” that is accessible to your webcast group leader via the webcast browser window on the day of the event. If your name is not listed, please call Member Services at (800) 9225272.

CPE Credit Policies Events run from 8:30 a.m.-4:30 p.m. unless otherwise indicated. Arrive early to allow time to sign in before the event begins—and to make sure your receive full credit for the day.

The California Board of Accountancy records CPE calculated on a 50-minute hour, which is comprised of two 25-minute segments. Once the first 50-minute hour of CPE has been completed, you will receive ½ credit hour for each additional 25-minute segment that is completed.

The California Board of Accountancy requires CPE providers to closely monitor attendance during CPE. If you are not in the room during a portion of the CPE event, you will not receive credit.

Webcast and Webcast Rebroadcast Credit The California Board of Accountancy requires an attendance check three times every hour, with at least one check occurring at an irregular interval. In order to receive full credit, you must be in attendance for the duration of the webcast and respond to at least 75% of the attendance questions. If viewing the webcast as part of a group, the group leader is required to answer the attendance questions on behalf of all participants. Group attendance is verified and documented by the group leader on the group attendance form the day of the event.

Materials are provided in an ebook format for most events

We are unable to grant CPE credit in cases where technical difficulties preclude eligibility. CPE Program guidelines prohibit us from issuing credit to those not verified by the technology to have satisfied the minimum requirements listed on website or have inaccessible firewalls or security.

New Fraud Requirement (Effective Jan. 1, 2014) All licensees who are subject to the Accounting & Auditing requirement or Government CE requirement shall also complete an additional four hours of fraud continuing education specifically related to the prevention, detection and reporting of fraud in financial statements, every renewal period of two years. This is a decrease from eight hours under the previous regulation.

Ethics and Regulatory Review Requirements Four hours of ethics continuing education is required every renewal period of two years.

A two-hour regulatory review course is required every six years covering the California Accountancy Act, plus California Board of Accountancy regulations and enforcement actions.

You can access your personalized certificate of completion from the My Events section of calcpa.org (within a few days of course completion).

Your CPE record, located under My CPE Tracker in the My Account section of calcpa.org will track your credit for all CalCPA Education Foundation and CalCPA events. You may also add CPE credit from other providers to keep all your CPE records in one location. For your convenience, this information is offered in the same format as the CE Reporting Worksheet required by the California Board of Accountancy.

Event Policies At conferences, light breakfast, lunch and wireless Internet access are provided at no additional cost.

At courses, coffee, tea and soft drinks are provided. Courses at CalCPA offices and CPE Weeks also include lunch, free parking and wireless Internet access.

Unless otherwise noted, event materials are downloadable three business days prior to the event. Hardcopy materials are available for purchase at the time of registration, prior to the event. Certain live events will have hardcopy materials distributed onsite. Certain webcasts will have hardcopy materials available for purchase.

2015-16 Ultimate Tax CPE Guide

CREDIT TYPES Self-Study/Online Course Policies

Valued-Priced Education (VPE) Discount Program Policies

You have one year from date of purchase to complete your self-study or online course and pass the final exam. All self-study exams require a minimum passing grade of 70 percent.

(Regulatory review courses require a minimum passing grade of 90 percent). You are allowed three attempts to pass the final at no extra charge. You can access your courses at calcpa.org under My Online/Self-Study.

Value-Priced Education (VPE) discount programs are an exclusive benefit of CalCPA membership. VPE Programs are valid for one year from date of purchase. ID may be required at check-in. If a firm or organization pays for an employees VPE discount program and the employee leaves the firm prior to its use, the VPE discount program may be transferred to another employee at the purchasing firm.

After completing your exam, you will immediately receive your results. You will also be able to print your certificate of completion for your records.

Life members receive a 50 percent discount off of VPE80, but not VPE40 or VPE24.

Special Needs

Members who reach the limit of continuing education hours on their VPE discount program will be charged the full member price for any additional CPE hours.

If you have special needs, please contact Member Services at calcpa@calcpa.org or (800) 922-5272.

Complaint Resolution Policy CalCPA Education Foundation prides itself on the quality of its programs and offers a money-back guarantee for individually purchased programs. For more information regarding administrative policies, please email calcpa@calcpa.org.

NASBA Registered CalCPA Education Foundation is registered with the National Association of State Boards of Accountancy (NASBA), as a Quality Assurance Service sponsor of continuing professional education.

State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to NASBA through its website: www.learningmarket.org.

AA

Recommended for fulfilling the 24-hour AA CPE requirement.

ET

Recommended for fulfilling the Ethics CPE requirement (in California).

FR

Recommended for fulfilling the Fraud CPE requirement.

GT

Recommended for fulfilling the Government CPE requirement.

RR

Recommended for filling the Regulatory Review CPE requirement (in California)

YB

Recommended for fulfilling the Yellow Book CPE requirement.

VPE discount program fees are nonrefundable.

All sales are final.

Coupon Discount Program Policies

For Enrolled Agents and Certified Tax Preparers

Coupons are fully transferable. Coupons are valid for one year from date of purchase.

Coupon users who download or pick up materials onsite without attending the event will forfeit the coupon used to register without any credit being granted.

CTEC-CA

Qualifies for California CTEC credit

CTEC-ET

Qualifies for Ethics CTEC credit

CTEC-Fed

Qualifies for Federal CTEC credit

IRS-ET

IRS Ethics

IRS-FTL

IRS Federal Tax Law Update

IRS-TX

IRS Federal Tax Law Topics

IRS-RT

IRS Retirement

Coupon sales are nonrefundable. All sales are final.

CalCPA Education Foundation policies are subject to change. For up-to-date information, visit calcpa.org/policies.

CalCPA Education Foundation is also a registered continuing education provider with the following organizations:

For complete course description and registration: calcpa.org/rsvp or (800) 9-CalCPA

For Certified Financial Planners CFP

Qualifies for CFP Credit

For Attorneys MCLE

Qualifies for MCLE credit.

LS-EP

Qualifies for Legal Specialization (Estate Planning, Trust and Probate law).

LS-TX

Qualifies for Legal Specialization (Taxation Law)

LS-FL

Qualifies for Legal Specialization (Family Law)

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