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Thursday, November 21, 2024 In-personEssex Chapter, Morris/Sussex Chapter

Annual Tax Seminar (E2411669)

8:30 AM - 1:30 PM EST

Registration: 7:30 AM EST

The Hanover Manor

16 Eagle Rock Avenue
East Hanover , NJ 07936

5 CPE Credits in TX
New Date

OVERVIEW

Join us for an in-depth seminar on the latest updates and key issues in New Jersey and New York State taxation, as well as new federal reporting requirements.

 

DESIGNED FOR

Accounting professionals who perform individual and corporate taxation work

BENEFITS

  • Receive the latest updates on the New Jersey Business Alternative Income Tax (NJ BAIT), including the 2023 sourcing changes and efforts to address the Sub-S sourcing penalty.
  • Dive into hot topics like New York residency audits, challenges to the convenience rule, personal income tax issues and New York City business tax audit updates.
  • Learn what CPAs need to know about the new beneficial ownership information (BOI) requirements, filing deadlines and how to best support your clients.
  • Understand recent legislative changes and best practices for managing New Jersey inheritance tax complexities.

HIGHLIGHTS

What Is the NJ BAIT?

  • Update on NJ BAIT since January 2020
    • Benefits
    • Pitfalls
  • Continued Developments in the SALT cap workaround
    • Major changes that took place with sourcing effective for 2023
    • What is being done to fix the Sub-S sourcing penalty

New York State Tax Update

  • Hot topics in New York residency audits
  • Update on New York convenience rule challenges
  • New York personal income tax issues
  • Current New York audit initiative: like-kind exchanges
  • New York City unincorporated business tax audit developments

BOI Reporting

  • Latest information regarding BOI and handling clients’ needs
  • Key elements of BOI reports for CPAs to know

Federal Tax Update

  • Recent legislation, rulings and developments affecting business and individual taxpayers
  • Updates for the upcoming tax season

New Jersey Inheritance Tax for Individuals

  • Best practices

COURSE LEVEL

Basic

ADDITIONAL NOTES

The Essex Chapter is sponsoring a food drive during this event. Your donation of non-perishable food items are greatly appreciated, or you can purchase a bag of groceries on site for $5! All contributions will be sent to the Human Needs Food Pantry of Montclair. For course materials, please visit My Events. Handouts are added as received; remember to check back for updates.

INSTRUCTORS

Joseph Andolino

Joseph Andolino, Esq.

Tax Director

Smolin, Lupin & Co., LLC.

Joseph Andolino is a Tax Director at Smolin, Lupin & Co., LLC. He is licensed as a Member of the Bar in New Jersey, New York, North Carolina and Michigan. Joe has 45 years of experience advising Fortune 500 companies, high-net worth individuals, and family businesses. Joe’s career specializes in finance, legal and tax engagements with an emphasis on international taxation. Joe previously served as a Corporate Tax Executive for Halliburton, Goodrich, Coltec Industries, and Allied Signal, Inc. He has extensive experience with corporate taxation globally.

Open Banks

Open Weaver Banks, Esq.

Partner

Hodgson Russ LLP

Open is a Bergen County resident and focuses her practice on State and Local Taxation. Her extensive experience includes representation of taxpayers in administrative and court appeals in New Jersey, New York and Illinois on a variety of complex issues, including apportionment of business income, combined reporting, constitutional nexus, the Internet Tax Freedom Act, nonresident and resident personal income taxation, sales and use taxation, and the imposition of various industry specific taxes, including telecommunications, utilities, and amusement taxes.

Open has represented both public and private companies engaged in a wide range of activities, including manufacturing, retail, telecommunications, banking, transportation, construction, sports, television and radio production, publishing, and insurance. She has also represented individuals challenging residency determinations and assessments arising from adjustments to income and credits.

Open is a frequent author of articles on tax topics in State Tax Notes, Bloomberg Tax and Law360, and has spoken on state and local tax issues before such groups as the Tax Executives Institute, the American Bar Association, the Council on State Taxation, and the Georgetown University Law Center Advanced State and Local Tax Institute.

Prior to joining Hodgson Russ Open was counsel with a multistate tax practice located in New York City.

Gary Prince

Gary A. Prince, CPA, J.D., LL.M.

Mantell, Prince & Reynolds, P.C.

Gary A. Prince, Jr. is a Shareholder of the law firm Mantell, Prince & Reynolds, P.C. located in New Providence, New Jersey.  The Firm was established in 1991 and currently consists of nine attorneys and various support staff.  Gary received his J.D from Seton Hall University School of Law (cum laude) and his Master of Laws in Taxation from New York University School of Law.  Gary is also a Certified Public Accountant.  Gary is a member of the Somerset and Union County Bar Associations, the New Jersey Bar Association (including the Taxation Section and the Probate and Trust Section), the New Jersey Society of Certified Public Accountants and he is a Fellow of the American College of Trust and Estate Counsel.  Gary is listed under the category Tax in The Best Lawyers in America, published by Woodward/White, Inc..  He is also listed under the category of Tax and Estate Planning and Probate in New Jersey Super Lawyers, published by New Jersey Monthly Magazine.  Gary is a frequent lecturer and author on tax, business, estate and trust and fiduciary litigation topics.

The Firm practice extends to major areas of law relating to tax and business planning, estate planning, estate administration, estate and trust litigation, corporate transactions and family representation in connection with general legal matters.  Due to the nature of the practice, the Firm routinely serves as general counsel to individuals, families and businesses working as an integral part of a team of advisors to provide the highest level of legal and tax advice. 

Alan Sobel

Alan D. Sobel, CPA, CGMA

Managing Principal New Jersey Offices

CliftonLarsonAllen LLP

Alan is the managing partner of SobelCo, where he is responsible for facilitating the strategic direction and the day-to-day management of the firm. He provides expertise on financial reporting, tax planning for businesses and high net worth individuals and strategic business planning. He has considerable experience with mergers and acquisitions and delivers added value working with clients on sourcing deals, negotiating and structuring transactions, financial and business due diligence and transaction financing. Alan is the 2020/21 president of the NJCPA. He developed the concept for the Pass-Through Business Alternative Income Tax Act and played the lead role in writing the legislation and making it fit within New Jersey’s tax structure. He is also a member of the American Institute of CPAs (AICPA) and the New York State Society of CPAs (NYSSCPA). He is the former chairman of the NJCPA Audit Committee and was a former vice president and trustee of the NJCPA and a past president of its Essex Chapter and has served on various committees. Alan was a former adjunct professor of taxation and frequently lectures.

PRICING

$99.00 - Member

$125.00 - Nonmember

Register Today


Note: Online pre-registration will close on November 21 at 8:00 AM.

Registrations will be accepted at the door.

ADDITIONAL OPTIONS

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