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Savannah
Tax Forum
Presented by the Taxation Section
16 hours CPE (including
2.5 hours A&A)
plus an optional 2 hours early
morning CPE credit
(including 1 hour A&A on day 1)
Coastal Georgia Center
Savannah ,
Georgia
December 1-2, 2005
$309 Early Bird by November 10
$339 Regular after November 10
One-day registration $199
Early Bird by November 10
One-day registration $229 after November 10
$289 - Section Member Discount until
November 10
$179 - One day Section Member Discount until
Nov. 10
All section members are eligible for the section
member discount for this conference
Click on the corresponding number to
register on-line:
Both
days - 13060
Wednesday only - 13062
Thursday only - 13063
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Session
Descriptions |
Optional
Session
A1 -
Risk Management Issues for Your Tax
Practice (1 hr A&A)
Ric
R. Rosario, Camico, Redwood City, California
Your tax practice has the highest frequency
of claims of all other areas of CP practice. This
session will identify the hot spots in your tax practice
and what can you do about them. |
B1 - Current Tax Developments
J. Patrick Garverick, Garverick
Province, LLC, Goodyear, Arizona
This
session will review major 2005 tax developments, IRS and
treasury regulations, IRS private letter rulings, and
revenue procedures affecting individuals and
corporations. Previously passed legislation including
the Working Families Tax Relief Act of 2004 and American
Jobs Creation Act of 2004 will be discussed as well as
the phase-in provisions of the Economic Growth Tax
Relief Reconciliation Act of 2001. Hot topics to be
discussed include: increased IRS audits targeting S
corporations and partnerships; S corporation reasonable
compensations issues; itemized deduction and personal
exemption phase-outs being repealed (2006 through 2010);
alternative minimum tax (AMT) and how it will affect
individuals in 2006 unless Congress changes the AMT
laws. |
| C1 -
Roundtable Discussions |
- Accepting new clients/disengaging from existing
clients
- Compensation packages (including fringe
benefits) for employees
- Independence issues for the local firm
- How to select/recommend professional
advisors
- Succession planning for the local firm
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D1 - The Nuts and Bolts
of Doing Business in Georgia
Cecil
McDaniel, Small Business Development Center, Clayton
State University, Morrow, Georgia
This
session is designed for those CPAs who advise clients on
start-up businesses. This program provides a practical
checklist of items every small business owner needs to
know. |
D2 - Public Charities and Private
Foundations: An Introduction
Ben
White, Alston & Bird, Atlanta, Georgia
This session is an overview of the tax laws
governing section 501(c)(3) organizations, including
public charities, private foundations and everything in
between. |
D3 - Reporting
& Operating Issues of LLCs, LLPs, and Partnerships
J.
Patrick Garverick, Garverick Province, LLC, Goodyear,
Arizona
This session will cover the most
common issues and problems which arise with the on-going
operations of these entities. Topics to be discussed
include: overview of the new Schedule K-1; the
self-employment tax controversy; and common mistakes
with the outside basis computations and the "At-Risk"
rules. |
E1 - Reconciling Georgia and
Federal Rules - Focus on 2005 Tax Issues
Andrea
Comeau–Shirley, Namaste Consulting, LLC, Mableton,
Georgia
The 2005 Georgia legislature
created some of the most significant income tax changes
in recent years. This session highlights the existing
and new Federal vs. Georgia tax issues impacting
idividuals and multi-state business operations with
particular emphasis on 2005 tax legislation including
IRC conformity, like-kind exchanges, net operating
losses, and revisions to Georgia's apportionment
formula. |
E2 - Section 199 – Deductions
Attributable to US Producer Activities
J.
Patrick Garverick, Garverick Province, LLC, Goodyear,
Arizona
On October 22, 2004, President Bush
signed the American Jobs Creation Act (AJCA). The AJCA
created new Internal Revenue Code Section 199 allowing a
deduction related to income attributable to domestic
production activities. This session will review this
complex deduction and recent procedures and any
regulations issued by the IRS. |
E3 - Enhancing Portfolio Value with
Reserve Exchanges
John
Mangham, Starker Services, Atlanta, Georgia
Mr.
Mangham takes an in-depth look at mechanics and
strategies of reverse exchanges. Topics include the
revenue procedure safe harbor, permitted activities of
the taxpayer, financing issues in reverse transactions,
accounting for overage and shortage in the sale of the
relinquished property, combining construction with a
reverse, and combining a delayed exchange with a reverse
to achieve 360 days to sell an
asset. |
Optional Session
F1 - The Most Widely Used Tax Prep
Software
Panel of Users
Respondents to a recent GSCPA survey
indicated that CCH's Pro System and Intuit's Lacerte are
the most widely used tax preparation software. Next in
number of responses are Creative Solutions' UltraTax and
Intuit's Pro Series. Tax Works, ATX and TaxWise are also
used by survey respondents. This presentation will
discuss many of the pros and cons of these
products. |
G1 -
Being a
Leader Regardless of Your Role
Tamera
Loerzel or Jennifer Wilson, Convergence Coaching,
Bellevue, Nebraska
No matter what
position you hod in your firm, your ability to lead will
determine the extent of your success. Leadership skills
enable you to guide clients effectively, enroll team
members and firm leaders in your ideas and develop the
respect and reputation you need to get ahead. Topics to
be discussed include: model desired leadership
behaviors; enrolling others in your vision; and
developing an action plan for strengthening your ability
to lead, regardless of your role. |
H1 -
What Every Tax Practitioner Should Know About
Estate Tax Developments
Anthony Rocca, Werner
& Rocca, Blue Bell, Pennsylvania
This
session will provide an overview of current
developments, including effective dates and rate
changes, affecting wealth transfer
activities. |
I1 - Operationalizing Circular 230
Compliance: A Real World Perspective
Cynthia M. Stamer, Glast, Phillips
& Murray, Dallas, Texas
CPAs and other
tax professionals face growing responsibility and
liability when providing tax advice and tax options
under Circular 230. Ms. Stamer will discuss processes
and strategies for developing and administering a
defensible Circular 230 compliance and risk management
strategy for your tax practice without compromising
client service. Trust and relationships often prove
trickier. |
J1 -
Accountant - Client and Work Product Privileges - What
Remains After the Tax Shelter
Assault
David Aughtry,
Chamberlain, Hrdlicka, White, Williams & Martin,
Atlanta, Georgia
A recent series of cases
involving tax shelters and privilege have highlighted
the importance of understanding the privileges for a tax
practice. This presentation provides a general overview
of the privileges and their application to tax
practice. |
K1 - Exit
Strategies for the Local Firm
Paula Charles, Abraxas Business
Services, Atlanta, Georgia
As owners of CPA firms
develop their succession plans, it is important to
understand not only "best practices," but also the
anticipated changes in the profile of the profession.
This session addresses best practices, the changing
composition of CPA firms, and the challenges owners will
be facing as they develop their succession plans for
exit over the next 10 years. |
K2 - Advising the Older Client – A
Checklist Approach
Anthony Rocca,
Werner & Rocca, Blue Bell, Pennsylvania
CPAs as the trusted financial advisor, have
the opportunity to help thier older clients get thier
"financial house" in order. This session includes both
tips for organizing financial information as well as a
discussion of long-term care and important
documents. |
K3 - Reasonable Compensation and
IRS Updates
Danny C. Smith, Internal
Revenue Service, Jacksonville, Florida
A
senior tax specialist with the IRS discusses the concept
and application of reasonable compensation. In addition
the speaker will address issues considered "hot topics"
at the IRS. |
K4 - Cross-Selling: Gold
Mining in Your Own Backyard
Jennifer Wilson or Tamera Loerzel,
Convergence Coaching, Bellevue, Nebraska
Marketing to your clients is critical to
your success. By doing so, you will sell more services
and products, increase your client retention and
satisfaction and make your valued clients feel
important. Learn the ins and outs of existing client
marketing by developing a cross-selling culture in your
firm; creating a consistent cross-selling strategy and
implementing cross-selling marketing techniques. You
will learn practical, effective annuity marketing ideas
you can use immediately. |
L1 - 50 Small Business Frauds:
Prevention and Detection (1.5 hrs
A&A)
TBA
This session
will describe many of the most common fraud schemes at
work in small businesses today. Techniques on how to
prevent and detect them will also be discussed. The
course materials include a matrix of the frauds.
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L2 - Targeted Investment
Strategies - A Checklist Appraoch for Specific Client
Situations
Virginia
Persons, Financial Consultant, Smith Barney, Atlanta,
Georgia
Is a 529 College Savings Plan the
best saving method for a highly compensated
professional? How can a doctor who just graduated her
last child catch up on retirement saving? Investment
considerations if a client's income fluctuates. Learn
easy to implement strategies for these and other
specific situations. |
L3 - Documentation,
Discipline and Discharge and Internal Investigations
Sarah Lamar and
Shawn Kachmar, Hunter Maclean Exley & Dunn, PC,
Savannah, Georgia
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