IRC 754 Election (TAX CPE) (CFP) (CLE) (2 CE #1286)

Beanna J. Whitlock, EA, CSA

What is the 754 Election? When is it made and by whom? What are the lasting effects of the election? Tax Professionals are intrigued and confused about the IRC 754 election in partnerships. This course will answer the questions and assist you in determining if the election is correct for your taxpayer. Learn how to do it right for the IRS and to keep your client in conformity with the Code.

Payroll is Not a Hobby (TAX CPE) (CLE)

Eliot H. Lebenhart, CPA, Jessica Viola MA, PHR Regional Manager and Michael Tintweiss, President, Payroll Dynamics

Join us for this interactive session on the new payroll legislation and how it affects your clients. We will also address your questions and payroll tax issues. Topics include:

• Deduction from Wages for NYS employers
• NYS Wage Theft Protection Act (WPTA). Current and future requirements
• New Hire Reporting Requirements for NYS employers
• Changes to the 2012 W2 "reporting healthcare premiums" and more
• Employee files, what should be in there?

S & C Corporation Update (TAX CPE) (CLE) (CFP) (2 CE #1011)

Robert S. Barnett, CPA, Esq.

This is a Repeat of Course 1021

Presentation will include current update on rules affecting S and C Corporations as presented in recent cases and rulings. Many diverse topics will be discussed. Highlights include N.O.L. utilization, basis computation; dividends v. loans, liens and levies, built in gains, personal service corporations, bad debt deductions and more.

New York's Accountancy Law: The 2012 Effective Date, Peer Review, Quality Review and What It All Means to You (A&A CPE)

Dan Dustin, CPA, Henry J Krostich, CPA.CITP, David Moynihan, CPA, Ray Nowicki, CPA

The panel, all of whom are currently involved in New York State's Quality/Peer Review Process, will provide an overview our Accountancy Law today, what changes in 2012, how we got here and how the process will work. Additionally, the panel will respond to specific questions handed in during the session by attendees. If your firm issues financial statements, this session is a must attend!

Understanding the Commercial Real Estate Tax Reduction Process and How to Maximize It for the Benefit of the Taxpayer (TAX CPE) (CLE)

Robert G. Litt, Esq.

This course will provide a brief overview of the process of a tax challenge in Nassau and Suffolk Counties and Villages and New York City for commercial properties. This will include the administrative and legal avenues available to resolve the matters in the most expeditious manner as well as the valuation methods utilized to support the demands for tax relief.

NYS/NYC Tax Update (TAX CPE) (CLE)

NYS – Mwisa Chisunka & NYC – William "Bill" Hernandez

The Program will provide you NYS/NYC tax law updates, including; the Offer in Compromise program and 20 year statute of limitation provision, New and revised Business Tax Forms and New E-Filing forms. Significant regulatory changes and advisory opinions will also be highlighted.

Complete Tax Update for Year 2011 Part 2 (TAX CPE) (CFP) (CLE) (2 CE #1001)

Professor Samuel A. Dyckman, CPA

This is a continuation of Course 3031

A full analysis and update on the individual and corporate tax law changes applicable in the preparation of the 2011 tax returns.

Technology Update: Are You and Your Accounting Software PCI Compliant? (SK CPE)

Eric J. Rogers, CPA

If your business or your clients accepts credit cards today as part of everyday business, you may be unaware that you or your clients have not been in compliance since July 2010. That's when the new Credit CARD Act of 2009 and Payment Card Industry (PCI)'s Data Security Standard went into effect. As a credit card merchant, it is your responsibility to know about PCI compliance. If you or your clients' customers' credit card information is breached, your business could be held financially liable.

Medicaid and Taxes – Case Studies for Accountants and Financial Planners (TAX CPE) (CFP) (CLE)

Paul Hyl, Esq.

In many areas, the Internal Revenue Code and accompanying regulations vary greatly from the laws, rules and regulations governing the Medicaid Program. Clients are oft-times confused by what they perceive to be seemingly inconsistent advice from the accountant and their elder law attorney, when both professionals are correct. Through the presentation of case studies, this course will examine and discuss these differences and nuances involving Valuation of Life Estates; Minimum versus Maximum required distributions from Retirement Accounts; Pooled Income Trusts for Medicaid Home Care Benefits; Caregiver Agreements; Real Property Transfers and Cost Basis Issues; and Grantor Trust status of Medicaid Income-Only Trusts.

Most Common QuickBooks Mistakes Clients Make and How to Fix Them (SK CPE)

MB (Mary Beth) Raimondi, CPA, CITP, MS Taxation

This course explores the common errors that your QuickBooks clients make when they do their own books, and gives you practical ways to fix the errors and address them going forward. We will also show you the Client Data Review tool to help you locate and fix errors quickly.

When Worlds Collide: New Bankruptcy Laws in Troubled Economic Times (TAX CPE) (CFP) (CLE) (2 CE #1287)

Robert L. Pryor, Esq

This presentation will outline several of the major changes in the law that has had a profound effect on consumer and corporate bankruptcy practice. It will also address novel strategies that have arisen in response to the current economic crises. Finally, time will be devoted to general questions as to asset protection strategies, the bankruptcy process generally, and alternatives to bankruptcy.

Longevity Planning (TAX CPE) (CLE) (CFP)

Diane Wilkie, Esq.

Years ago when social security was introduced people would retire and on average live several years before they passed on. Today with medical advances people are living long enjoyable lives in retirement so the need for longevity planning has become a significant planning need for most mature people.

Pension Rescue Techniques (TAX CPE) (CFP) (CLE) (2 CE #1288)

James E. Meyer & Michael F. Greco & Robert S. Barnett, CPA, Esq.

Financial professionals realize that the most heavily taxed item in one's estate is their IRA or qualified plan. Pension Rescue is a strategy to reduce taxation and/or increase the estate value in a guaranteed way for the heirs. If time allows we will also cover Charitable IRA Loans.