2019 Georgia Tax Forum - Savannah (13060)

Thursday, December 5, 2019 - Friday, December 6, 2019 / Savannah, GA

Georgia’s leading taxation event brings you up-to-date on changing tax legislation and critical issues impacting you and your clients. Participate in guided discussions you need to survive the upcoming tax season, as well as insight and experience from fellow peers to help you determine the best route in advising your clients.

Alternate Attendance Options

Thursday Only - Event 13062

Friday Only - Event 13063

 

Event Status: OPEN

Event ID: #13060

CPE: 16.0 credits

Total Price: $440.00

Other Attendance Options

These related conferences are also available for purchase.

No Thanks
 

Objective
Industry leaders provide you with the knowledge and skills you need to survive the upcoming tax season.  


Accommodations
Marriott Savannah Riverfront
Rate: $169 per night plus taxes
Deadline to make reservations: November 2, 2019
Click here to reserve your room.

Materials

This conference is a paperless conference and all materials will be available electronically as PDFs. Materials will be available to download in advance and participants will receive an email when they are available. For more information on eMaterials visit ematerials.gscpa.org.
Photography
By attending this event, you are demonstrating your permission to allow your photo to be taken and published in GSCPA marketing, promotional and web materials.

Thursday, December 5, 2019

7:15 am-8:00 am
Registration/ Continental Breakfast

8:00 am-8:05
Welcome and Announcements

8:05 am-9:45 am
A - Current Developments Affecting Individuals Credits: 2.0 GN

David Aughtry, J.D., LL.M.
Shareholder / Chamberlain, Hrdlicka, White, Williams & Aughtry , Atlanta, GA

Review various newly enacted income tax provisions of the Tax Cuts & Jobs Act (TCJA) affecting individuals. Topics are to be determined depending on the most recent developments incurred up to the date of the conference.

9:45 am-10:00am
Break

10:00am-11:40am
B - Current Developments Affecting Businesses Credits: 2.0 GN

David Aughtry, J.D., LL.M.
Shareholder / Chamberlain, Hrdlicka, White, Williams & Aughtry , Atlanta, GA

Review various newly enacted income tax provisions of the Tax Cuts & Jobs Act (TCJA) affecting businesses. Topics are to be determined depending on the most recent developments incurred up to the date of the conference.

11:40am-12:40am
Lunch

12:45pm-2:20 pm
C - State and Local Tax Law Developments Credits: 2.0 GN

Richard C. Litwin
The Litwin Law Firm, P.C. , Atlanta, GA

States, governments, and practitioners have spent the past 12 months grappling with the Wayfair decision. Cover important issues pervading the SALT world over the past year, including the Wayfair decision and virtual presence as a replacement for physical presence; pass-through entities that allow nonresident members/partners to sign a Georgia Form NRW-Exemption; partial Georgia state income tax refunds that trigger the statute of limitation for seeking refund of amount not refunded; and state enforcement action against exotic car purchasers who use Montana LLCs to avoid Georgia’s title ad valorem tax fee. Also, discuss Georgia nonprofit organizations’ obligations to collect sales tax at galas and silent auctions; strategies and pitfalls for dealing with the City of Atlanta Business Occupation Tax; the effect on state residency cases of county’s effort to revoke homestead exemptions; and the rise of state civil and criminal tax fraud.

2:20 pm-2:30 pm
Break

2:30 pm-4:10 pm
D - Estate Planning Update Credits: 2.0 GN

Wade A. Schueneman, J.D., LL.M
Fortson, Bentley & Griffin , Athens, GA

Receive an introduction to the most common goals addressed in an estate plan (including control, asset protection, estate, and income tax minimization and access to means-tested benefits) and will explore various strategies to achieve those goals, in particular IRC Section 1014, the Subpart E grantor trust rules, as well as recent changes in the federal estate tax laws and in the Georgia Trust Code.

Thursday, December 5, 2019

7:15 am-8:00 am
Registration/ Continental Breakfast

8:00 am-8:05 am
Welcome and Announcements

8:05 am-9:45 am
E - New Section 199A…Where are We Now? Credits: 2.0 GN

Ronald A. Levitt, JD, LL.M, LL.M.T.
Sirote & Permutt, PC , Birmingham, AL

Two of the most significant changes made to the Internal Revenue Code by the Tax Cuts and Jobs Act (“TCJA”) are the new deduction available to certain pass-through entities and sole proprietorships under Section 199A, as well as the reduction of the tax rate applicable to “C” corporations to a flat 21 percent. Examine the new deduction under Section 199A available to many pass-through entities and sole proprietorships, including the many new terms used in Section 199A, as well as its application to both qualified trades or businesses and specified service trades or businesses. Also discuss the recently promulgated (January 18, 2019) Final Regulations under new Section 199A, how the Final Regulations differ from the Proposed Regulations that were previously issued August 16, 2018, and the open issues that remain following the issuance of the Final Regulations. Finally, briefly address the effect of Section 199A, as well as the reduction in the corporate tax rate to a flat 21 percent, could have on choice of entity decisions.

9:45 am-9:55 am
Break

9:55 am-11:10am
F - Opportunity Zones and the Real Estate Sector, Corporate Taxpayers, and High Net Worth Individuals Credits: 1.5 GN

Eileen O'Neill, J.D., CPA
Ernst & Young LLP , Atlanta, GA

Michael Bernier, CPA
Ernst & Young LLP , Boston, MA

The U.S. Supreme Court issued its decision in South Dakota v. Wayfair reversing Quill's physical presence requirement. This decision is already having a sweeping impact on both businesses that sell to out-of-state customers and on CPA consulting and compliance practices that will try to help clients navigate the impact of this decision. Discuss practical approaches to help clients assess how the Wayfair decision will affect their multistate tax compliance processes. 

11:10am-11:20am
Break

11:20am-12:10am
G - Flow Thru Entity Credits: 1.0 GN

Donald Johnson, J.D., LL.M
Sirote & Permutt, PC , Birmingham, AL

Discuss various aspects of partnership formation and operation. Topics covered will include the importance of the partnership agreement, comparison of ownership through a partnership to other entities, discussion on determining a partner's interest in the partnership, and establishing and maintaining Sec. 704(b) and tax capital accounts. Also, examine revaluation events and understanding the difference between book allocations under 704(b) allocations and tax allocations.

12:10pm-1:15pm
Lunch & H - Top 10 Things You Should Be Telling Your Clients (12:20 - 1:10pm) Credits: 1.0 GN

Anson Asbury, J.D., LL.M.
Asbury Law Firm , Decatur, GA

Ethan J. Vernon, J.D., MTX
Asbury Law Firm , Decatur, GA

Casey Kasem brought you the weekly top 40. Now, Anson Asbury, J.D., LL.M. and Ethan Vernon J.D., MTX will count down the top ten hits for your tax clients, including chart-toppers like "My Withholding Is a-Changin'," "Help! My Partnership Is Under Audit," and "The Substantial Authority Song."

1:15pm-2:30pm
I - Basis Calculation, Exit Strategies, Special Allocations Credits: 1.5 GN

Donald Johnson, J.D., LL.M
Sirote & Permutt, PC , Birmingham, AL

Discuss the calculation of basis in a partnership interest, including a comparison of purchasing a partnership interest in contributing cash or property. Discussion on the Sec. 754 election, including the impact to a buyer and other partners; special allocations under the partnership agreement and their permissibility under Sec. 704(b); comparison of exit strategies including redemptions, sales of interest, impact to the remaining partners, and sale or redemptions paid over multiple years.

2:30pm-2:40pm
Break

2:40pm-3:55pm
J - Georgia Dept Revenue State Tax Update Credits: 1.5 GN

Receive a legislative update from the Georgia General Assembly’s most current legislative session as it relates to recent changes.

Conference Materials

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Ematerials

If you choose this option you will receive your materials as a downloadable PDF file. eMaterials will be available for download approximately three business days prior to the event. For more information on eMaterials please visit ematerials.gscpa.org. Should you choose to receive eMaterials, printed materials will not be available at the event.

How to access eMaterials 
• Go to http://www.gscpa.org and click on "My GSCPA" and then on "My eMaterials." You will be required to log in to access the document by using your gscpa.org login credentials.
• Click on "Download eMaterials" link associated with this conference.
• Download and save the document to your computer prior to the event.

Please note that once the materials are uploaded to the GSCPA website refunds, transfers and cancellations are not accepted.

Conference Site

Marriott Savannah Riverfront
100 General McIntosh Blvd
Savannah, GA 31401

912-233-7722

 

For more information about hotel reservations, please refer to the information tab.

Directions

http://www.marriotthotels.com/dpp/Map.asp?marshacode=SAVRF
Click here to see a map.

Early Bird Registration

$440 GSCPA Members, $540 Non-Members (by 11/14/2019)

 

Standard Registration

$490 GSCPA Members, $600 Non-Members

 

Late Registration

$540 GSCPA Members, $640 Non-Members (after 12/3/2019)