NOTE: There will be an opportunity to receive answers from the instructor in real-time by submitting your questions in the Q&A forum on the webinar page!

Morning Session: 

This session will feature a detailed New York State tax update by Mark Klein and Joe Endres including the following topics: The effect of OBBBA on State & Local Taxes including new SALT and PTET rules; 2025-2026 NYS Budget including new NY tax deductions and credits; New $5,000 threshold for corporate estimate tax payments; NYS and NYC Tax Enforcement Procedures; Residency Rules explained and highlighted; Nonresident Allocations; NYS Estates and Trusts Update; NYS Withholding Rules Update; Sales and Use Tax Update.

Hear what attendees have to say about Mark Klein & Joe Endres' seminars:

"Mark Klein is always a pleasure to listen to - his mastery of the materials is unparalleled and his real world "war stories" highlight abstruse concepts in action. This entire seminar is a great resource for state and local tax policy." - Stuart L.

"Some the best instructors I've heard in over 35 years of CPE." - Peter Jason R.

"Extremely well presented and informative." - Jane J.

"I admired the knowledge, thoroughness, and experience of all the instructors." - Stephen Z.

Afternoon Session: The afternoon session will feature 3 unique topics. Scott Ahroni & Andy Wang will take a dive into International Taxation and OBBBA, Stuart Schabes will lecture on IRS issues - A View From The Trenches, and Chaim Kofinas will provide a complete review and update of NJ taxes - see detailed topics below. 

Topics & Learning Objectives Include:

Morning Session - Mark Klein & Joe Endres

• Effect of OBBBA on State & Local Taxes including new SALT and PTET rules
  
• 2025-2026 NYS Budget including new NY tax deductions and credits
• New $5,000 threshold for corporate estimate tax payments
  
• NYS and NYC Tax Enforcement Procedures
  
• Residency Rules explained and highlighted
  
• Nonresident Allocations
  
• NYS Estates and Trusts Update
  
• NYS Withholding Rules Update
  
• Sales and Use Tax Update
  

Afternoon Sessions (Choose Any 2 of 3)

Option 1: Scott Ahroni & Andy Wang - OBBBA International Taxation

• Where to Start
• General Principles
• Residency
• Direct Offshore Activity
• Investment in Foreign Corporation
• Controlled Foreign Corporation
• Passive Foreign Investment Company
• Investment in Foreign Partnership
• Withholding on Payments to Foreign Persons

Option 2: Dealing With The IRS

• Loper Bright Decision and Tax Administration and Enforcement
• The latest on the Employee Retention Credit
• What is the IRS focusing on? 1. Changes to CAF and IRS Online TDS program. 2. New IRS Documentation Upload Tool. 3. Artificial Intelligence
• FBAR Enforcement
• Update on Penalty Abatements - Recent Court of Appeals reversal of Farhy
• Update on IRS Independent Office of Appeals
• Treasury Circular 230 – Best Practices

Option 3: Chaim Kofinas - NJ Tax Update

• NJ Inheritance Tax Trap
• Summary of NJ Taxation of Individuals
• Retirement Income Exclusion
• Partnership & BAIT Update
• Corporation Update
• Combined Reporting Update
• S Corporation Election Update
• Convenience Rule
• Sales Tax Update