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CONTINUING PROFESSIONAL EDUCATION COURSE REGISTRATION
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| Click here to see Rates | | |
| CHOICE OF ENTITY |
DISCUSSION LEADER:
Joseph B. Darby III, Esq. |
| DATE: | May 15, 2008 |
| LOCATION: | Holiday Inn Select, Woburn, MA |
SCHEDULE:
9:00 a.m. - 12:30 p.m.
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DESCRIPTION:
The choice of entity is often the single biggest tax decision made during the entire life of a typical business enterprise. The choice of entity affects not only the operation of the company at start-up, but how it grows into a mature business and ultimately whether the owners can sell the business at a minimum tax cost.
This course will explore how to advise a client on choosing the best business entity for that client’s business or real estate activities. The course will review all the common business entities used in Massachusetts, including C corporations, S corporations, limited liability companies, limited liability partnerships, Massachusetts business trusts, Massachusetts nominee trusts, and sole proprietorships. The course will review the benefits of “pass-through taxation”, and will explore which businesses belong in an S corporation and which belong in an LLC. It will examine which vehicles are the best for granting options or equity interests to employees; best of utilizing loses in an early start-up year; best for establishing and offering employee benefits; and best for achieving flexibility in restructuring or selling part of the business later on. Ultimately, the course will demonstrate that, while there I no single “right” choice of entity, there are clear strategies for arriving at the right choice for a particular client. |
CPE CREDIT HOURS: 4
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REGISTRATION: Please click here for registration form.
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| INDEPENDENT CONTRACTOR
(1099 or W-2) |
DISCUSSION LEADER:
Joseph B. Darby III, Esq. |
| DATE: | May 15, 2008 |
| LOCATION: | Holiday Inn Select, Woburn, MA |
SCHEDULE:
1:30 p.m. - 5:00 p.m.
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DESCRIPTION:
This seminar will explore all important aspects of the classification of workers, and, in particular, whether a worker can qualify as an independent contractor, whose payments are not subject to withholding and are reported on Form 1099, or whether the worker must be classified as an “employee,” subject to withholding tax and reported on Form W-2.
For a variety of reasons, this issue, which was very hot in the 1990s, is back on the radar screen of both the IRS and the Department of Labor. This course will address why the issue is again so “hot,” what “abuses” the IRS and the Department of Labor are looking to prevent, and strategies for minimizing risk. The course will also explore how best to mitigate the harm if the IRS challenges worker classification, and will review other legal risks and complications, including the possibility that “independent contractors” will later sue for benefits given to employees (as happened to Microsoft). The course will also look at the taxation of litigation settlements, and whether a Form 1099 must be issued in a variety of situations, or whether the payment falls outside the reporting provisions. |
CPE CREDIT HOURS: 4
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REGISTRATION: Please click here for registration form.
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| MEDICAID, LTC INSURANCE & ELDER CARE SERVICE
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DISCUSSION LEADER:
Vincent E. Bonazzoli, Esq.
Gary M. Sullivan, CPA/PFS, CFP |
| DATE: | May 20, 2008 |
| LOCATION: | Couryard Marriott, Marlborough, MA |
SCHEDULE:
9:00 a.m. - 5 p.m.
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DESCRIPTION:
In February of 2006, the Deficit Reduction Act of 2005 was signed into law and dramatically changed the “Medicaid” rules. These rules became more restrictive in a number of areas, including, but not limited to, an increase in the look back period to five years, restrictions on annuities, limiting the equity protected in the home and implementing a new starting date for determining periods of disqualification. Under the new law, long-term care insurance may become more attractive in certain states. In addition, the specific date in which Massachusetts will adopt these rules is unclear.
This course will examine and compare the old and new Medicaid rules, when the old rules still apply and the effect these new rules have on planning before and after Massachusetts adopts the new regulations. In addition, viable irrevocable trust planning and transfers of remainder interests with retained life estates will be explored along with their related income, estate and gift tax ramifications. |
CPE CREDIT HOURS: 8
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REGISTRATION: Please click here for registration form.
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| CHANGING YOUR DOMICILE FOR STATE INCOME & DEATH TAX PURPOSES
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DISCUSSION LEADER:
Stephen M. Politi, Esq. |
| DATE: | May 22, 2008 |
| LOCATION: | The Lantana, Randolph, MA |
SCHEDULE:
9 a.m. - 12:30 p.m.
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DESCRIPTION:
This half day program will focus on the law of Domicile and the state tax benefit and risks associated with a change of Domicile. Examples of discussion topics included: The Domicile “Factors”, Statutory Residence, Permanent Place of Abode, the 183-Day Rule, Credits for Tax Paid to Other States, the Domicile Audit Process; and Appealing an adverse Domicile Determination.
Special priced seminar to MAPA Members |
CPE CREDIT HOURS: 4
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REGISTRATION: Please click here for registration form.
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| SOCIAL SECURITY |
DISCUSSION LEADER:
Steve Richardson, SSA |
| DATE: | May 22, 2008 |
| LOCATION: | The Lantana, Randolph, MA |
SCHEDULE:
1:30 p.m. - 5:00 p.m.
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DESCRIPTION:
This program will provide important information about the full-range of retirement (i.e. How the benefit is calculated, when and how much, working and collecting benefits), as well as what are the restrictions on Spouses, Survivors, Disability, Online Filing, Medicare — information that will be valuable to attendees both personally and professionally.
Special priced seminar to MAPA Members |
CPE CREDIT HOURS: 4
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REGISTRATION: Please click here for registration form.
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| ETHICS |
DISCUSSION LEADER:
John A. Armstrong, CPA |
| DATE: | May 29, 2008 |
| LOCATION: | Crowne Plaza, Worcester, MA |
SCHEDULE:
9:00 a.m. - 12:30 p.m.
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DESCRIPTION:
Massachusetts Board of Public Accountancy requires 4 hours of Ethics as part of your Continuing Professional Education requirement.
Professional ethics and the code of conduct will be discussed from a practical perspective. Among the topics covered will be issues that emanate from practice, fraud detection and prevention, Sarbanes-Oxley issues and new peer review rules and regulations. |
CPE CREDIT HOURS: 4
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REGISTRATION: Please click here for registration form.
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| COMPILATION & REVIEW |
DISCUSSION LEADER:
John A. Armstrong, CPA |
| DATE: | May 29, 2008 |
| LOCATION: | Crowne Plaza, Worcester, MA |
SCHEDULE:
1:30 p.m. - 5:00 p.m.
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DESCRIPTION:
This seminar will discuss compilation and review reporting for GAAP, Tax and Cash Basis. It will also cover SSARS 8-14. Special emphasis will be placed on new independence and analytical review documentation requirements. |
CPE CREDIT HOURS: 4
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REGISTRATION: Please click here for registration form.
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| QUALIFIED RETIREMENT DISTRIBUTION PLANS (IRA, 401K, Roth, 403B, Keogh, Simple) |
DISCUSSION LEADER:
Vincent E. Bonazzoli, Esq.
Gary M. Sullivan, CPA/PFS, CFP
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| DATE: | June 03, 2008 |
| LOCATION: | Holiday Inn, Taunton, MA |
SCHEDULE:
9:00 a.m. - 5:00 p.m.
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DESCRIPTION:
This course is designed to provide an up to the minute look at the required minimum distribution rules for a qualified retirement plan. The final regulations will be reviewed in depth and the private letter rulings issued since the final regulations will also be discussed. In addition sections of the Pension Protection Act of 2006 affecting distributions from qualified retirement plans will be discussed. They will provide strategies for maximizing IRA stretch-outs (obtaining income tax deferral after death for decades) and dealing with the estate tax and planning issues that are unique (and often ignored) regarding qualified retirement plans. The concept of the “Inherited IRA” will be explored and the practical aspects of cash flow in and through the retirement accounts will be explained. The instructors will examine, in detail, the practical aspects of using trusts as beneficiaries, IRA sub-accounts, disclaimers, and the effect of various complex beneficiary designations. They will discuss the post mortem activities required to actually make stretch-outs work, and some of their experiences funding family, marital, and children’s trusts with IRA assets.
The discussion will include several case studies from their own practice. Your instructors will share beneficiary forms and other ancillary documents developed in their respective practices. Finally, they will also include significant practice management advice and marketing concepts throughout their presentation. The goal of this course is to move beyond “understanding” the required minimum distribution rules and toward incorporating an expertise in individual retirement accounts into your practice. |
CPE CREDIT HOURS: 8
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REGISTRATION: Please click here for registration form.
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| TOUR OF THE IRS SERVICE CENTER |
DISCUSSION LEADER:
IRS Representatives |
| DATE: | June 05, 2008 |
| LOCATION: | IRS Service Center, Andover, MA |
SCHEDULE:
9:00 a.m. - 5:00 p.m.
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DESCRIPTION:
Join MAPA and the Internal Revenue Service for a full day CPE at the Andover Campus. Topics will include: New standards for practitioners taking positions on tax returns and their associated penalties under IRC 6694, The new rules for consents for disclosures of tax information to third parties under Rev Proc 2008-12, An Examination Division update, A Collections Division update, A forum with employees from the IRS e-Help Desk and A Taxpayer Advocate update.
As always the popular tour of the Andover Campus will be included. A feedback session is also planned, so bring your questions and concerns (no specific case-related matters, please). Lunch is included in the cost of the program, free parking on-site. Registration deadline for this event is Friday, May 30, 2008.
This is a discounted seminar |
CPE CREDIT HOURS: 8
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REGISTRATION: Please click here for registration form.
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| FOUNDATION OF TRUST & ESTATE PLANNING |
DISCUSSION LEADER:
Vincent E. Bonazzoli, Esq. |
| DATE: | June 10, 2008 |
| LOCATION: | Home Suites Inn, Waltham, MA |
SCHEDULE:
9:00 a.m. - 5:00 p.m.
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DESCRIPTION:
Today more and more clients are seeking answers to their estate planning needs. Accountants are now asked to become part of the estate planning team and need to know not only the basics, but also be conversant in some of the more advanced or sophisticated estate planning techniques available. Many of these basic and advanced techniques have income tax consequences and will need income tax returns filed. This course will begin with the very basics of estate planning, examine and discuss revocable and irrevocable trusts and review the “alphabet soup” of trusts (i.e. A-B Trusts, credit shelter trusts, QTIPs, Mass QTIPs, ILITs, QPRTS, CRATS, CRUTS, GRITS, GRATS, GRUTS, CLATS, CLUTS, IGTS, and grantor trusts). If time allows, we will also discuss family limited partnerships. The course will also identify some of the income tax returns that need to be filed, but the emphasis will be on estate planning and estate tax savings strategies. This will be a full day course. |
CPE CREDIT HOURS: 8
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REGISTRATION: Please click here for registration form.
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| ACCOUNTING, AUDITING & PEER REVIEW UPDATE |
DISCUSSION LEADER:
John A. Armstrong, CPA |
| DATE: | June 12, 2008 |
| LOCATION: | Crowne Plaza, Worcester, MA |
SCHEDULE:
9:00 a.m. - 5:00 p.m.
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DESCRIPTION:
This Seminar will discuss the following issues in detail:
Other comprehensive basis of accounting financial statements (OCBOA)
Internal Management Financial Statements (SSARS 8)
Peer Review Issues
New FASB Pronouncements (including fair market value FASB 157 & 159), SAS’s and SSARS.
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CPE CREDIT HOURS: 8
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REGISTRATION: Please click here for registration form.
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| ETHICS |
DISCUSSION LEADER:
Philip R. Dardeno, CPA, MST |
| DATE: | June 17, 2008 |
| LOCATION: | Hom Suites Inn, Waltham, MA |
SCHEDULE:
9:00 a.m. - 12:30 p.m.
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DESCRIPTION:
This four hour session on ethics is designed to address the requirements of the Board of Public Accountancy in Regulation 252 CMR 2.14, Mandatory Continuing Professional Education.
Using practice examples in a discussion format, the program will explore ethical questions in the practical, everyday situations of a Public Accountant. A review of the IRS and Massachusetts DOR rules and requirements will be provided, as well as discussions about records and documentation in preparing financial statements and other financial documents. |
CPE CREDIT HOURS: 4
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REGISTRATION: Please click here for registration form.
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| TAX PLANNING FOR REAL ESTATE TRANSACTIONS |
DISCUSSION LEADER:
Joseph B. Darby III, Esq. |
| DATE: | June 17, 2008 |
| LOCATION: | Home Suites Inn, Waltham, MA |
SCHEDULE:
1:30 p.m. - 5:00 p.m.
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DESCRIPTION:
It was estimated recently that 90% of the millionaires in the United States acquired their wealth primarily through real estate ownership. That is why you should take this course. Topics include: common methods of owning real estate (nominee trusts, Massachusetts “realty trusts”, LLCs, and S corporations); selling real estate to a related entity prior to development to realize capital gain (Bramblett transactions); strategies for structuring installment sales and seller financing; structuring of like-kind exchanges, including deferred exchanges, reverse Starker “parking lot” transactions under Rev. Proc. 2000-37, “drop and swap” transactions, and tenancies in common (Rev. Proc. 2002-22); sale of a personal residence (Code §121); tax-free replacement under Code §1033 (e.g., eminent domain, or damage or destruction); methods of depreciation and cost recovery, including the “inside” story on cost segregation studies; allocating interest on debt secured by a real estate mortgage; and mechanisms for transferring real estate as part of an estate plan, including use of family limited partnerships. |
CPE CREDIT HOURS: 4
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REGISTRATION: Please click here for registration form.
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| ACCOUNTING, AUDITING & PEER REVIEW UPDATE |
DISCUSSION LEADER:
Leo Moretti, CPA |
| DATE: | June 19, 2008 |
| LOCATION: | John Carver Inn, Plymouth, MA |
SCHEDULE:
9:00 a.m. - 5:00 p.m.
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DESCRIPTION:
This Seminar will discuss the following issues in detail:
2008 Accounting and Auditing Update
New FASB’s / SAS’s / SSARS
Peer Review Update
New Professional Standard changes effective January 1, 2009 |
CPE CREDIT HOURS: 8
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REGISTRATION: Please click here for registration form.
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| Rates |
| Rates for Spring 2008 CPE Seminars |
MAPA Members
Full Day: $195.00
Half Day: $110.00
Special Price: May 22nd Full Day $95.00 - Half Day $65.00
Discounted Seminar: June 5th $125.00
3 Or more full days paid in advance $180.00/each (Special Price and Discounted Events Excluded)
Non-Member of MAPA
Full Day: $215.00
Half Day: $120.00
Discounted Seminar: June 5th $150.00
3 or more full days in advance $200.00/each (Discounted Event Excluded)
Lunch included with full-day registration |
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| 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. |
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All contents © 2008. All rights reserved.
Massachusetts Association of Public Accountants
607 North Avenue, Building 16 - 2nd Floor
Wakefield, MA 01880
Phone: 781-246-7788 Fax: 781-246-7873
Email: mapa@mapaweb.org
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