DATE: Thursday January 30, 2020 or Wednesday February 5, 2020 or Thursday February 13, 2020
TIME: 9:00 A.M. - 5:00 P.M. Eastern
LOCATION: Live Re-broadcast Webinar
This seminar will feature a detailed New York State tax update by Mark Klein featuring the new 2019-2020 NYS budget, new enforcement initiatives, NY estate tax issues and residency rules, and an analysis of the effects of TC&JA on NYS taxes. Joe Endres will present an update on NYS sales tax rules and abandoned property rules.
The afternoon session by Professor Barry Leibowicz will discuss the practical and technical skills necessary to represent clients in tax audits by Federal, State and Local tax authorities for foreign or domestic income, sales, excise and payroll tax matters. Mr. Leibowicz will also discuss how civil audits interact with criminal tax investigations, how to identify criminal prosecution potential and respond to an IRS criminal summons, and use Voluntary Disclosure procedures to minimize Federal and State cost and risk. Scott Ahroni will discuss how to determine a worker’s classification, the consequences of misclassification, and the practical and technical skills necessary to represent clients in worker classification and employment tax audits by Federal, State and Local authorities for payroll tax and wage and hour issues linked to worker characterization. Additionally Chaim Kofinas will present an NJ tax update.
Topics & Learning Objectives Include:
Morning Session - Mark Klein & Joe Endres
- The Recently Passed 2019-2020 NYS Tax Budget
- New Enforcement Initiatives
- NYS Estate Tax Issues & Residency Rules
- TCJA Effects - A Year Later - Including Where Does NYS Decouple From the New Rules?
- Sales Tax Update
- NY's Tax Incentive Program
- Abandoned Property Rules
Afternoon Session 1 - Prof. Barry Leibowicz & Scott Ahroni
- How to “audit proof” your client.
- How to maximize your chances of success in dealing with the tax authorities, while avoiding malpractice traps.
- How to protect your client in criminal tax investigations without harming yourself.
- CPA and client privileges and obligations in criminal tax investigations.
- How adverse determinations are contested through agency appeals offices, administrative tribunals and the Courts.
- How to distinguish between an employee and independent contractor relationship.
- How to document and establish independent contractor status.
- Avoiding re-characterization of employees and independent contractors.
- How to protect your client in classification audits without exposing yourself to responsible person assessments.
- How to contest adverse Federal and State labor department determinations and enforcement actions.
Afternoon Session 2 - Chaim Kofinas - NJ Tax Update
- NJ Estate Tax repeal
- NJ Inheritance Tax Trap
- Summary of NJ Taxation of Individuals
- Retirement Income Exclusion
- NJ Reaction to TCJA Individual
- Summary of NJ Taxation
- NJ Reaction to TCJA Business
- Update on Sales Tax