2017 Annual Meeting of the California Tax Bar
and California Tax Policy Conference
Park Hyatt Aviara Resort
November 1-3, 2017
Courses and speakers are subject to change. Plan ahead by pre-registering for the course of your choice using the Course Selector. CTPC courses are indicated with [CTPC] following the name of the program..
Continental Breakfast is complimentary, but your RSVP for the breakfast is required. Select item #39 in Section B. of the Conference Registration Form.
1.25 Hours MCLE & Legal Specialization
Estate & Gift Tax, Income & Other Taxes
Grantor Retained Annuity Trusts, also known as GRATs, can be a very powerful wealth transfer tool — especially for those who maximize their upside potential. Similarly the use of an IDGIT can rival the GRAT. But with so many choices, including designs, it can be difficult to know where to start and which technique to choose. This presentation will explore a variety of options that can impact the success of the ultimate choice.
Tax Exempt Organizations, Tax Procedure & Litigation
Charities are receiving less and less support from budget-constrained government agencies and contributions from the private sector. As a result, charities are increasingly working with for-profit entities to accomplish fund-raising or program related goals. This panel will cover the tax and other legal issues that need to be considered when non-profit organizations collaborate with for-profit entities.
CTPC (State and Local Tax)
It’s a tale as old as time – credits generated by a member of your controlled group that doesn’t earn any income. What in the world can you do with that credit? Assign it! Our panelists will go over the R&TC 23663 credit assignment provisions, explain how they work, and discuss the regulation project which explains what happens when your assignment is less than perfect. The panelists will also discuss hot button issues like the assignment of credits that have been tainted by the R&TC 23036(i) limitation.
1.5 Hours MCLE & Legal Specialization
Estate & Gift Tax
The tax court, district counsel, a private practitioner, and appraisers will discuss each of their views and perspectives on valuation. The panel will cover hot topics such as defined value formulas, family entity issues, and what everyone should learn from the most recent valuation case decisions. Any updates on laws affecting valuation will be covered, as well as valuation pointers when appraising hard to value or specialty assets such as art, good will, technology, and the like.
Estate & Gift Tax, International Tax, Tax Procedure and Litigation
This panel will examine the U.S. taxation of trustees, beneficiaries and grantors of foreign trusts upon the funding, investment and distribution of such trusts. The panel will also address tax classification and reporting issues, as well as divorce topics unique to foreign trusts.
Economic nexus has gained steam in the income, franchise, and gross receipts tax worlds. After 25 years, states seem ready for a fresh look at the concept for sales taxes as well. Our panel will look at the trajectory of economic nexus and discuss the future of the physical presence standard.
Luncheon and State Keynote #40 | $49 per person
Join us to honor the 2017 Benjamin F. Miller Award recipient Valerie C. Dickerson, Managing Partner, Washington National Tax Multistate, Deloitte Tax LLP; and Managing Partner, Deloitte Tax LLP. The luncheon keynote address will be given by Susan Maples, Franchise Tax Board Taxpayers’ Rights Advocate. Purchase tickets in advance on the Conference Registration Form. Onsite ticket sales are limited. This luncheon is sponsored in part by Reed Smith LLP.
Valerie C. Dickerson
1 Hour MCLE & Legal Specialization
At the death of an owner of a large retirement account, including an IRA, the retirement asset can be subject to as many different taxes. Learn how to maximize the value of retirement savings by integrating income tax deferral opportunities with sound estate planning. The speaker will address inherited IRA’s, conduit trusts and other tax savings techniques with retirement assets. Also learn what can be done to correct mistake such as with spousal roll-overs.
Corporate & Pass-Through Entities, Estate and Gift Tax, Tax Procedure & Litigation
New final, temporary and proposed partnership liability allocation and disguised sale regulations significantly impact the treatment of, and planning for, property contributions and distributions subject to liabilities as well as leveraged partnership transactions. This panel will discuss the impact the changes have had on structuring partnership transactions, what opportunities are still available and traps for the unwary.
Moving to an electronic world has helped us cut down on paper recordkeeping, but it also means that a simple computer crash can mean you can’t substantiate your basis or deductions when the tax auditor comes knocking. Join our panelists as they discuss substantiation requirements, what to do when you lose your records, and how to use the Cohan rule.
Corporate & Pass-Through Entities, Estate & Gift Tax
The speaker will address life insurance in the new landscape and in an uncertain tax environment. Topics will include bank financed premium funding, policy audits and other key issues. Focus will also be made on product and planning considerations for 2017.
Estate & Gift Tax, International Tax, Tax Procedure & Litigation
The IRS is continuing its focus on international tax enforcement, including enforcement against those individuals and businesses hiding assets offshore to avoid federal income tax. For the past several years, significant attention has been focused on offshore bank accounts and the obligation of U.S. taxpayers to report such accounts on the much-heralded Report of Foreign Bank and Financial Accounts or “FBAR” form. The FBAR rules require taxpayers to annually report whether they have a financial interest in, or signature or other authority over, foreign bank accounts, and impose substantial civil and criminal enalties for failing to do so. On the heels of the U.S. government’s global crackdown on the use of secret foreign bank accounts, join us to discuss foreign asset reporting, what practitioners can expect in an FBAR examination, and hear an update on some of U.S. government’s enforcement efforts foreign compliance.
CTPC (State & Local Tax)
Our lives are becoming more intertwined with servers located throughout the world. States are trying to keep up with these shifts in how we consume media, intermingle with others, and transact business. Our panel will discuss how states are reacting by reviewing administrative guidance, legislative changes, legal challenges of attempts to tax new interactions based on old rules.
Estate & Gift Tax, International Tax, Young Tax Lawyers
This program will cover recent global tax developments with Mexico and Canada. The speakers will focus on business planning and multi-national family wealth preservation strategies among the United States, Mexico and Canada. Learn the tax rules, relevant considerations and practical advice to provide clients.
CTPC (State & Local Tax), Tax Procedure & Litigation, Young Tax Lawyers
Learn about the latest case developments and ethical issues in representing cannabis industry clients. Our panelists will assist you in navigating the complexities in compliance with state and federal tax laws. Topics covered will include audit issues, record retention, summonses, and information gathering by government agencies. The panel will conclude with a discussion about marijuana exemptions from California sales and use tax, excise taxes, cultivation taxes, and address the relationship between state tax rates and the black market.
Franchise Tax Board and California Department of Tax and Fee Administration Chief Counsels will share administrative and policy updates from their respective agencies. Join this lively session to hear about the past year from the perspective of the Chiefs themselves.
Stick around to mingle and network with speakers and attendees of the 2017 Annual Meeting of the California Tax Bar and California Tax Policy Conference at this informal gathering. Your RSVP is requested. Sign up on the Conference Registration Form.