Morning Session: The morning session will feature a detailed New York State tax update by Mark Klein and Joe Endres including the following topics: the 2024-2025 NYS Budget and Other Hot topics, New NYS Transfer on Death (TOD) Deeds effective 7/19/2024, Residency and nonresidence allocation issues, Post Pandemic NYS issues, NYS Audit initiatives, Residency audits, Sales and use tax update, NYS taxation of digital products and Software as a Service (SaaS)..

The afternoon session at the hotel will feature two sections. Part 1: International Tax Compliance and Planning by Scott Ahroni & Andy Wang. This comprehensive seminar will cover the critical aspects of ensuring compliance and strategic planning in the context of international tax and compliance. It delves into the intricacies of Controlled Foreign Corporation (CFC) and Global Intangible Low-Taxed Income (GILTI) reporting, along with exploring various voluntary disclosure programs for issues related to foreign information returns. Both non-filing and incorrect filing which may be deemed substantially incomplete can potentially result in penalties of $10,000, $25,000 or even substantially higher. a Additionally, many other outbound transfer transactions trigger additional filing requirements, which can often be overlooked, causing taxpayers further substantial penalties. Part 2: NJ Tax Update by Chaim Kofinas - see detailed topics below.

NOTE: The afternoon session at the webinar will feature 2 different topics - see here.

Topics & Learning Objectives Include:

Morning Session - Mark Klein & Joe Endres

• 2024-2025 NYS Budget and Other Hot topics
• New NYS Transfer on Death (TOD) Deeds Effective 7/19/2024
• Residency and Nonresidence Allocation Issues
• Post Pandemic NYS Issues
• NYS Audit Initiatives
• Residency Audits
• Sales and Use Tax Update
• NYS Taxation of Digital Products and Software as a Service (SaaS)
• Real Life Examples Heard Nowhere Else

Afternoon Session

At the Hotel Scott Ahroni & Chaim Kofinas

At the Webinar - Choose 2 of 3 (Chaim Kofinas, Chaya Siegfried, Stuart Schabes - see topics here)

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 

Scott Ahroni & Andy Wang - International Tax Compliance and Planning: Essentials of International Tax Planning and Reporting and Utilization of Voluntary Disclosures to Cure Past Delinquencies - HOTEL ONLY

• Understanding CFC rules and their implications for multinational corporations
• Detailed procedures for GILTI calculation and reporting
• Strategies for effective international tax planning to minimize exposure
• Overview of voluntary disclosure programs to rectify non-filing and incorrect foreign information returns
• Best practices for maintaining compliance and avoiding penalties