|
|
CONTINUING PROFESSIONAL EDUCATION COURSE REGISTRATION
|
| Click here to see Rates | | |
| CURRENT TRENDS IN QUALIFIED PLANS FOR PRIVATELY HELD BUSINESSES,
OPPORTUNITIES AND PERILS FOR INDIVIDUALS’ IRA’S |
DISCUSSION LEADER:
Gary M. Sullivan, MBA, CPA/PFS, CFP |
| DATE: | May 24, 2012 |
| LOCATION: | The Lantana, Randolph, MA |
SCHEDULE:
9:00 a.m. - 5:00 p.m.
|
DESCRIPTION:
Do you have clients who need a tax deduction or an improvement on their existing qualified plan?
This presentation will focus on tax deductible choices for the small business owner in dealing with qualified plans. In this course, we will address the full spectrum of retirement plans from SEPs to Cross Tested 401(k) plans. Topics will include comparing and contrasting the differences among plans, dealing with funding requirements, conversion issues, DOL regulations, and much more. This course is targeted toward tax professionals who wish to help their clients make informed decisions about their retirement plans.
Do you have clients with significant amounts in IRAs or Qualified Plans who could benefit from planning and income reduction techniques? Many clients have large balances in their retirement plans which may be a significant portion of their net worth. There are many issues that need to be explored to keep these assets intact. For example:
● Should some or all of the balance be converted to a tax free Roth IRA?
● Are there ways to minimize the income taxes due upon the conversion?
● Will the assets be subject to IRD and Estate taxes and can these taxes be reduced?
● Who should be the beneficiaries of the asset and how much?
● What is the best way to accomplish a stretch for their heirs?
● Are there ways to reduce the RMD?
● Can a client get asset protection with these assets?
We will answer these questions and more in a case format. |
CPE CREDIT HOURS: 8
|
REGISTRATION: Please click here for registration form.
|
|
| PREPARING FIDUCIARY INCOME TAX RETURNS FOR DECEDENTS, ESTATES & TRUSTS |
DISCUSSION LEADER:
Todd E. Lutsky, Esq., LLM, Cushing & Dolan, P.C.
Leo J. Cushing, Esq., LLM, Founding Partner of Cushing & Dolan, P.C.
|
| DATE: | May 31, 2012 |
| LOCATION: | Courtyard Marriott, Marlboro, MA |
SCHEDULE:
9:00 a.m.- 5:00 p.m.
|
DESCRIPTION:
If your practice involves the administration of estates, then this practical "clinic" will be time well spent. Get your questions answered regarding the income taxation of decedents estate and trusts; learn how to protect your client from tax liability; learn how to distinguish trust accounting income from taxable income; get practice computing taxable income and distributable income; be briefed on how to fund a bequest - and much more. The session features a hands-on drafting challenge - a sample federal fiduciary income tax return for a complex trust, which you complete with expert guidance. Before the day is over, you have a unique opportunity to "ask the experts" your questions. Don’t miss it!
You will learn...
● How the new Uniform Probate Code (effective March 31, 2012) affects the preparation of fiduciary income tax returns.
● Allocation of items of income, expense, deduction, and credit between the decedent’s final return and the decedent’s income, estate, and/or trust tax returns.
● Demystifying the concept of DNI
-- Understanding simple trusts together with examples
-- Understanding complex trusts together with examples
-- Final year distributions
-- Election to recognize gain
● Reviewing fractional and pecuniary trusts and understanding the income tax consequences of
funding marital and by-pass shares.
● S corporations and trusts. Don’t blow the S election inadvertently.
● Grantor trusts.
● Electing small business trusts
● Qualified QSSTs
● Grantor Trusts; Anything you need to know about Grantor Trusts
-- How to make a trust a grantor trust and recognize a grantor trust
-- The income tax and federal employer identification number requirements
-- Understanding transfers and transactions between a grantor and grantor trust (Qualified
Personal Residence Trusts, Grantor Retained Annuity Trusts, sales to intentionally defective trusts, home security trusts, promissory notes). |
CPE CREDIT HOURS: 8
|
REGISTRATION: Please click here for registration form.
|
|
| INSURANCE & BUSINESS CONTINUATION (AM) |
DISCUSSION LEADER:
Christopher F. Hawthorne, CPCU, CRIS, CIC, LIA
Paul Bernstein, Esq.
|
| DATE: | June 05, 2012 |
| LOCATION: | Hilton Garden Inn, Waltham, MA |
SCHEDULE:
9:00 a.m. - 12:30 p.m.
|
DESCRIPTION:
This course will cover Insurance and Risk Management Issues for business owners and individuals every accountant should know about for the well being of their clients.
We will also cover Estate Planning Issues for business owners and individuals every accountant should know about for the well being of their clients.
There will be a Q&A period. |
CPE CREDIT HOURS: 4
|
REGISTRATION: Please click here for registration form.
|
|
| CHANGING DOMICILE FOR STATE INCOME & DEATH TAX PURPOSES (PM) |
DISCUSSION LEADER:
Stephen Politi, Boston Tax Attorney; former DOR Chief Counsel; former Counsel, Massachusetts; Joint Legislative Committee on Taxation; Adjunct Professor, Bentley University MST Program; Author/Editor, CCH Annual Guidebooks to Massachusetts Taxation
|
| DATE: | June 05, 2012 |
| LOCATION: | Hilton Garden Inn, Waltham, MA |
SCHEDULE:
1:30 p.m.- 5:00 p.m.
|
DESCRIPTION:
This half day program will focus on the law of domicile and the state tax benefits and risks associated with a change of Domicile. Examples of discussion topics will include: The Domicile “Factors”; statutory residence; the concept of a “triggering event”; the 183 day rule; a discussion of recent Domicile decisions; the Domicile Audit Process; appealing an adverse Domicile Determination; and much more! |
CPE CREDIT HOURS: 4
|
REGISTRATION: Please click here for registration form.
|
|
| FOREIN TAX ISSUES (1040NR, FBAR, 2555, FATCA RULES) |
DISCUSSION LEADER:
Tonya S. James, Esq., Partner, Vacovec Mayotte & Singer, LLP
Michelle A. Fraioli, Esq., Associate, Vacovec Mayotte & Singer, LLP
|
| DATE: | June 07, 2012 |
| LOCATION: | Hilton Garden Inn, Waltham, MA |
SCHEDULE:
9:00 a.m. - 5:00 p.m.
|
DESCRIPTION:
The seminar will focus on international tax matters that will effect the preparation of US income tax returns. Topics to be covered will include:
- how to determine if a tax payer is a US tax resident or non-resident
- filing a Form 1040NR and dual status income tax return
- filing requirements for the Foreign Bank Account Reporting Form (FBAR)
- new filing requirements under the FACTA rules
- filing requirements for taxpayers that own foreign entities - corporations, partnerships, disregarded
entities
- overview of the foreign tax credit
- Foreign Earned Income Exclusion |
CPE CREDIT HOURS: 8
|
REGISTRATION: Please click here for registration form.
|
|
| NEW HAMPSHIRE COMPENSATION DEDUCTION & COMBINED REPORTING |
DISCUSSION LEADER:
Jon B. Sparkman, Esq., CPA
Maurice P. Gilbert, CPA, MST
|
| DATE: | June 12, 2012 |
| LOCATION: | Holiday Inn Select, Woburn, MA |
SCHEDULE:
9:00 a.m. - 5:00 p.m.
|
DESCRIPTION:
New Hampshire’s hottest audit topic, reasonable compensation for owners of corporations, limited liability companies, partnerships and proprietorships, will be covered in depth during the morning session. The New Hampshire General Court has changed New Hampshire’s reasonable compensation deduction for owners of corporations, limited liability companies, partnerships, and proprietorships again for taxable years beginning in 2011. We will examine the provisions of the 2011 law, the Administrative Rule for reasonable compensation adopted by the Department of Revenue Administration, the appeal process, and the new burden of proof in detail. Other issues will include a comparison of the new and old compensation provisions under the Business Profits Tax for 2009, 2010, and subsequent years; and the use of Internal Revenue Code Section 162, Treasury Regulations, and Federal Court precedent to determine reasonable compensation and planning opportunities that are available.
Combined reporting for unitary businesses is the topic during the afternoon session. New Hampshire’s combined reporting for unitary businesses is mandatory for purposes of the Business Profits Tax and applies to proprietorships, partnerships, single-member and multi-member limited liability companies, trusts and corporations. Issues to be addressed include New Hampshire’s unique application to incorporated and unincorporated businesses; the multi-state nexus requirement; the composition of the water’s edge group; the ownership, unity of use & unity of operation requirements; and potential planning opportunities. |
CPE CREDIT HOURS: 8
|
REGISTRATION: Please click here for registration form.
|
|
| TECHNOLOGY TRENDS FOR 2012 (AM) |
DISCUSSION LEADER:
Don Reczek, Director, KDSA Consulting, LLC |
| DATE: | June 14, 2012 |
| LOCATION: | John Carver Inn, Plymouth, MA |
SCHEDULE:
9:00 a.m. - 12:30 p.m.
|
DESCRIPTION:
This course will cover:
● Network Security Risks - Malware, Viruses, SPAM
● Protecting Mobile Devices - Smart Phone, Tablets, Laptops
● Date Protection - Storage Options - Cloud vs. Local
● Disaster Recovery vs. High Availability - How and why to consider a Data Center
● Privacy Exposures - Encryption, mobile devices, etc. Data Security review, Secure File Transfer |
CPE CREDIT HOURS: 4
|
REGISTRATION: Please click here for registration form.
|
|
| ETHICS (PM) |
DISCUSSION LEADER:
John A. Armstrong, CPA
Peer Review Consultant
Professor of Accounting and Finance
Chairman of the Accounting and Finance Programs
Nichols College, Dudley |
| DATE: | June 14, 2012 |
| LOCATION: | John Carver Inn, Plymouth, MA |
SCHEDULE:
1:30 p.m. - 5:00 p.m.
|
DESCRIPTION:
Rarely does a day pass in a tax practice that a practitioner is not confronted, either directly or subtly, with an ethical issue. Questions involving conflicts of interests, giving advice to clients in controversy matters, protecting confidentiality when communicating with third or related parties, addressing internal ethical barriers, and other problems can arise without warning. Speaker will address a series of such issues and discuss the day to day resolution of these and similar problems.
This course will cover recent changes in the AICPA code of conduct and related ethics standards. We will also touch upon new options for compilation reports when the CPA is not independent. |
CPE CREDIT HOURS: 4
|
REGISTRATION: Please click here for registration form.
|
|
| ACCOUNTING, AUDITING & PEER REVIEW UPDATE |
DISCUSSION LEADER:
John A. Armstrong, CPA
Peer Review Consultant
Professor of Accounting and Finance
Chairman of the Accounting and Finance Programs
Nichols College, Dudley |
| DATE: | June 19, 2012 |
| LOCATION: | Courtyard Marriott, Marlboro, MA |
SCHEDULE:
9:00 a.m. - 5:00 p.m.
|
DESCRIPTION:
This course will cover:
● 2012 Accounting and Auditing Update
● New Items from: SAS, FASB and SSARS
● Peer Review New Standards and Quality Control Document Requirements
An overview of the peer review standards based upon the revised standards. We will cover the administrative process of conducting a peer review as it applies to MAA. We will also discuss the documentation that is required to be maintained in firms to comply with the monitoring aspect of peer review. |
CPE CREDIT HOURS: 8
|
REGISTRATION: Please click here for registration form.
|
|
| LATEST TECHNIQUES FOR MIDDLE CLASS ESTATES |
DISCUSSION LEADER:
Todd E. Lutsky, Esq., LLM, Cushing & Dolan, P.C.
Leo J. Cushing, Esq., LLM, Founding Partner of Cushing & Dolan, P.C.
|
| DATE: | June 21, 2012 |
| LOCATION: | John Carver Inn, Plymouth, MA |
SCHEDULE:
9:00 a.m. - 5:00 p.m.
|
DESCRIPTION:
Did you ever wonder why the moderate estate is the toughest to plan for? Are you tired of attending seminars that only cover estate tax planning only to find out at the end that you have to attend another seminar to learn about the Medicaid side of the estate planning equation? In today’s ever changing estate tax landscape, it is imperative to understand both the estate and Medicaid planning arenas.
Come to the only seminar that combines both the estate tax planning side with the Medicaid planning side and shows you how they intersect and can be combined for the moderate estate.
You will learn
● How to blend effective Estate Tax Planning with Medicaid Planning
● The benefits and pitfalls of portability
● Why the Massachusetts estate tax exemption is really $5,120,000 per person with a giving program, but only until the end of 2012
● Should your trusts be revocable or irrevocable?
● How to obtain a step-up in basis even if the trust is irrevocable
● How to effectively utilize Powers of Appointment
● How to handle retirement assets
● How to deal with the new Massachusetts Homestead Statute
● Should your client take advantage of the $5,120,000 gift tax exemption before December 31, 2012?
● How to determine if a gift is complete or incomplete for gift and estate tax purposes
● Whether to gift assets outright to family members or to irrevocable grantor trusts
● What type of assets are best suited for gifting
● How a sale of assets to a grantor irrevocable trust works
● Explore the operation and tax issues associated with a Qualified Personal Residence Trust |
CPE CREDIT HOURS: 8
|
REGISTRATION: Please click here for registration form.
|
|
| TAX SOFTWARE SYMPOSIUM |
DISCUSSION LEADER:
Various tax software vendors (Lacerte, ProSeries, ProSystem fx, Ultra Tax CS, etc.) |
| DATE: | June 26, 2012 |
| LOCATION: | Holiday Inn Select, Woburn, MA |
SCHEDULE:
9:00 a.m. - 5:00 p.m.
|
DESCRIPTION:
This seminar will allow you to compare and contrast products offered by the different vendors to help your firm be more efficient. Participating vendors will cover these topics:
Creating New Efficiencies with a Best in Process, End-to-End Digital Tax Workflow - Discover how new technologies and workflow tools will allow your firm to become even more competitive in your marketplace. Learn how to streamline your tax process by scanning source documents into a bookmarked PDF, populate your 1040 tax return with source document data, and review the completed tax return digitally. You will also learn how to electronically file the return, send a copy of the return securely to your client without ever leaving the tax solution, and store the return in a digital document management system.
Cloud Computing: What It Means to Accountants - Cloud computing is more than just a buzz word. It brings important benefits that will impact your business. Get up to speed on what those benefits are and how you can apply them to your business. |
CPE CREDIT HOURS: 8
|
REGISTRATION: Please click here for registration form.
|
|
|
| |
| Rates |
| Rates for Spring 2012 CPE Seminars |
MAA Member
Full Day: $205.00
Half Day: $125.00
Special Price: May 24th $95.00
3 or more full seminar days paid in advance $180.00/each (Special Price Event Excluded)
Non-Member of MAA
Full Day: $235.00
Half Day: $140.00
3 or more full seminar days paid in advance $200.00/each
Lunch included with full-day registration |
| |
|
|
| |
| Cancellations Policy: Cancellations must be received three business days prior to the seminar for a full refund. Otherwise, there will be a charge of $50.00 representing a cancellation fee. No refunds for no-show registrant. Substitutions welcomed. |
| |
All contents © 2008. All rights reserved.
Massachusetts Association of Accountants
607 North Avenue, Building 16 - 2nd Floor
Wakefield, MA 01880
Phone: 781-246-7788 Fax: 781-246-7873
Email: mapa@mapaweb.org
|
TODAY'S HIGHLIGHTS
|