7:45-8 a.m.
Registration, Breakfast and Exhibitors
8-8:15 a.m.
Welcoming Remarks and Announcements
8:15-9:55 a.m.
Individual Tax Update
Patrick Deo, CPA, Cr.FA - Deo, LaManna, Deo, & Co., P.C.
Information on federal individual taxation including the Tax Cuts and Jobs Act, recent rulings, and court cases will be given during this informative session.
9:55-10:10 a.m.
Break & Exhibitors
10:10-11:50 a.m.
Tax Classification and Uses of Trusts
Daniel Kessler, J.D., LL.M. - Connell Foley, LLP
- Brief Overview of Trusts
- History
- Creation
- Key Terminology
- Simple versus Complex Trusts
- Definitions
- Taxation
- Key Differences
- Uses
- Grantor Trusts
- Identification
- Taxation
- Uses (from Revocable Trusts to IDGTs and BDITs)
- Domestic versus Foreign Trusts
- Identification
- Taxation
- Uses
11:50 a.m.-12:30 p.m.
Lunch & Exhibitors
12:30-2:10 p.m.
Corporate Tax Update
Philip Drudy, CPA, Esq. - Smolin, Lupin & Co., P.A.
Review of TCJA provisions that impact corporations other than 199A:
- Flat Rate
- Choice of Entity C-Corporation or Pass-Through
- Business Interest Limitation
- Bonus Depreciation
- Small Business Accounting Changes
- New Qualified Opportunity Zone Provisions
- Qualified Small Business Corporations (QSBCs)
- Modified Territorial System
- Other
A corporate update other than TCJA and information on the Wayfair v. South Dakota decision will also be given.
2:10-2:20 p.m.
Break
2:20-4 p.m.
State Tax Update
Alan Preis, CPA - Alan J. Preis, CPA, PC
Hear a focused discussion on what's new at the New Jersey Division of Taxation and a review of new and upcoming tax legislation and regulations for businesses and individuals.