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: 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).

Afternoon Session: The afternoon session will feature 3 unique topics. Chaya Siegfried will take a dive into International Taxation, 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

• 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 Sessions (Choose Any 2 of 3)

Option 1: Chaya Siegfried - 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: Stuart Schabes - 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