Annual Tax Refreshers
INDIVIDUAL TAX REFRESHER- (Ronald C.
Tockman, CPA) Time: 9-5 CEU's .8
To be Scheduled in the Fall
29th Annual Tax Refresher for veterans and newcomers alike. Presented by the
inimitable veteran, Ron Tockman. Ron will review the actual IRS Form 1040; Individual tax issues and current
developments for 2011 in order to prepare you for the 2011 Tax filing season.
2010 FEDERAL TAX UPDATE - (Lori Feehan, Esq., CPA, and Mark Merric, Esq., CPA Workshop Leaders
)
To Be Scheduled in the Fall
AES - University of Denver Graduate Tax Program
Time: 8:30 - 4:30 CEU's .8
(See Seminars for Fall Dates; Boston; Woburn; Providence, RI, Boston)
The 2010 Federal Tax Update Workshop will assist you in understanding new and proposed Tax Legislation, important
regulations, cases issued in 2010. Observations, strategies and planning opportunities for 2011 and beyond are discussed in detail.
In addition, you will receive the 800 page 2010 Federal Tax Update Manual -- an absolute necessity
for your Tax Reference Library.
New & Proposed Legislation;
Income, Capital Gains, Exclusions, Deferrals, AMT;
Business Expenses and Losses;
Depreciation, Capitalization and Amortization;
Personal, Exempt, Medical, Charity, Casualty Losses;
T & E, Reimbursements, Misc. Itemized Deductions;
Marital Dissolutions, Innocent Spouse Relief;
Self-Employ, Classification, Responsible Person;
Partnerships and Limited Liability Companies;
S Corporations and S Shareholders;
Tax Accounting Periods and Methods;
Tax Practice and Procedure;
Transfer Taxes, Trusts, Estates, Gifts, Valuation;
Tax Practice Aids: Printed Draft Copy of 1040 & Numerous Appendices.
MASSACHUSETTS TAX UPDATE - (Phil Dardeno, CPA - formerly with DOR)
Time: See Seminars for time CEU's .4
(Not Scheduled)
Presented by Phil Dardeno, formerly Appeals and Abatement Bureau Chief at the DOR, this program
is an
update
on the Mass. code, Legislative changes, recent court cases, Fed/Mass differences, taxation
of capital gains, sales and use,
"S" Corps, and much more.
Personal & Business Planning
STRATEGIES TO SURVIVE THE DOWNTURN IN THE ECONOMY - What to do Now! -
(Rick Solano, CPA, MST) Time: See Seminars for time CEU's .4
This is the most important program you will attend. Come join Rick and hear his strategies to protect you and
your family.
All attendees will receive valuable reference materials, including Rick's book
"The Power of a Millionaire Mentality®."
Topics to be covered:
What To Do Now.
Your Family.
Your Business.
Your Retirement.
Your Investments.
Your Keys to Success.
Questions and Answers.
WEALTH ACCUMULATION & PROTECTION: Focus on Gold, Silver and Natural Resources -
(Rick Solano,CPA, MST, Author)
Time: See Seminars for time and CEU's
To make a fortune one must spot a big move before it occurs. Fortunes are made in the buying. You buy 'em when nobody wants them. Rick Solano,
Educator, Private business consultant/investor, and Author of "The Power of a Millionaire MentalityŽ", will share
with you his special knowledge developed over the last 40 years in the Gold, Silver and Natural Resource area.
Rick has been conducting this seminar workshop since 1999, when gold was at $262.00. "Brown's Bottom" the name given to the
sale of 400 tons of England's gold marked the low at $252.00. Gold is currently over $1,200.00 an ounce and silver
is over $18.00 an ounce.
1. Geopolitical Issues and the Domestic Economy.
2. Introduction to Mineralization: Proven and Probable Reserves, Measured, Indicated, Inferred Resources.
3. National Instrument 43-101 & Mineralized Materials.
4. How To Evaluate Potential Opportunities.
5. How to Minimize Risk.
6. Fundamental and Technical Analysis.
7. Investment Strategies.
8. Examples, Checklists, & Other Valuable Reference Materials.
9. Questions and Answers.
YOUR 10 KEYS
TO SUCCESS - (Rick Solano,CPA, Author)
Time: See Seminars for time CEU's .4
(On-going program - Call for date 978-468-6528)
Rick Solano, the Author of "The Power of a Millionaire MentalityŽ" shares with you his 10 Keys to Success,
Attitude; Love; Health; Pain; Thinking Rich; Desire & Commitment; Persistence; Money; Knowledge; Timing.
Rick's
goal in life is to help others reach for the greater rewards that are beyond the material wealth.
Financial/Tax Planning
ASSET PROTECTION STRATEGIES
- (Daniel Doherty, Esq., CPA) Time: See Seminars for time CEU's .4
(not Scheduled)
This program will provide you with a clear understanding of the essential elements of Asset Protection and the
Author's strategies to effectively advise your clients. Topics:The Need for Asset Protection: Asset Protection Basics:
Contract Claims, Tort Claims, Doctrine of Respondent Superior; Fraudulent Transfers; Bankruptcy. Exemptions Tools & Techniques
of Asset Protection: Insurance, Types of Property Ownership, Choice of Entities, Exemptions, Qualified Plans, Other Bankruptcy Changes.
Review, Questions, Discussion & Analysis. In addition you will receive 53 pages of
information for your reference library.
CHOICE OF ENTITY: C Corp, S Corp, LLC–
(Daniel W. Doherty, Esq., CPA) Time: See Seminars for time CEU's .4
(not scheduled as yet)
Covered Topics: Sole Proprietorships, General Partnerships (M.G.L.A.c.108A), Corporations,
Limited Partnerships, Limited Liability Partnerships, Limited Liability Companies, Mass. Business Trusts (M.G.L.c.182),
and Questions, Discussion & Analysis. This program will provide you with a clear understanding
of the essential elements to effectively advise your clients in the Choice of Entity decision. In addition, you will
receive 17 pages of valuable information on the different forms of business organizations for your Reference Library.
FINANCIAL PLANNING
ESSENTIALS - (Rick Solano, CPA. MST) Time: See Seminars for time CEU's .4
(not scheduled as yet)
Join Rick in reviewing the essential areas of financial planning:
Insurance & Financial Planning;
Income Taxation; Planning for Retirement Needs; Investments; and Fundamentals of Estate
Planning.
REAL ESTATE APPRAISAL TECHNIQUES: Including Real Estate Tax Abatements -
(Rocco
Beatrice, CPA, MBA) Time: See Seminars for time CEU's .4
This timely Workshop, led by the master in real estate tax abatements, veteran Rocco Beatrice, will provide you with practical
and no nonsense techniques to handle real estate tax abatements efficiently and successfully. The Topics covered are:
The Property Tax System; The Valuation Process; The Principal of Real Estate Taxation; When and How to Appeal;
Four Steps to the Appeal Process; It all Starts with the Real Estate Tax Bill; Grounds for Reduction; Mechanical and Clerical Errors and
the Field Card; The Nature of the Commercial Real Estate Abatement; The Appraisal and Sample Abatement Application; Assessors: Information,
Decision, & Negotiations; The Mass. Tax System; and Forms and Questions & Answers.
EMPLOYEE BENEFIT & PENSION UPDATE: Should we Freeze or Kill These Plans?
(Joseph O. Scardino, Esq.) Time: See Seminars for time CEU's .4
A review of employee benefit law and taxes with a discussion of old and new pension planning ideas and opportunities.
PURCHASE & SALE OF CORPORATE ASSETS - (Daniel W. Doherty, Esq., CPA) Time: See Seminars for time CEU's .4
(not scheduled as yet)
This program will provide you with a clear understanding of the planning strategies necessary to effect the purchase and sale of a corporate business.
Both taxable and non taxable exchange transactions will be discussed along with payment terms, goodwill, covenants not to compete, allocations,
elections, etc. Topics Covered: An Overview; Planning Considerations; Stock vs. Asset Acquisitions; Taxable Sales vs. Tax Free Reorganizations;
Payment Terms; Tax Free Reorganizations; and Review, Questions, Discussion and Analysis.
HOW TO VALUE A CLOSELY-HELD BUSINESS
- Time: See Seminars for time CEU's .4
(Not Scheduled)
Valuation Concepts & Methodology; Comparables; Discounted Cash Flow Analyses;
Economic Value Added
Approach; Valuation Adjustments: Control Premiums, Minority Interest Discounts, Liquidity
Discounts:
Limitations of GAAP Financial Data and Reliability; Common Valuation Errors; Numerous
Case Studies.
ETHICS: Designed for Mandatory Compliance
- (Richard Solano, CPA, MST) Time: See Seminars for time CEU's .4
Topics Include: Independence, objectivity & Integrity; Discreditable acts; Billing, contingent fees
and commissions; Advertising and Solicitation; Style of doing business, form of organization and name
Confidentiality; Error and omission/malpractice insurance issues. Supplemental Materials: An Ethics Quiz
MA Board of Public Accountacny (Website: Code of Ethics and Rules of Professional Conduct); E & O Application;
12/2006 Ethics Rules Get Tighter; 12/2006 Ethics on their shoulders - 12/2006 Option dating/Ethics; 2/2007 Beware of
the Fraud Triangle; 3/2/2007 Rule Breaking and Behavorial Economics; 3/2007 Top Five Influences on Business Ethics
70 Questions.
BUSINESS SUCCESSION: PLANNING
- (Robert Adelson, Esq.) Time: See Seminars for time CEU's .4
(Not Scheduled)
A. Business Succession Planning: Overview
1. Why Plan;
2. How to Plan;
3. What we Seek:
B. Internal Transfer and Continuation of Business
1. Case Example - Hypothetical;
2. Planning for Continuation;
3. Transfer to Next Generation;
4. Providing for Non-operating Family Members;
5. Planning for Estate Taxes Setting
Value with Buy-Sell
C. Desiring Internal Transfer vs. Facing External Sale
1. 80% of Family Businesses do not
Succeed to Next Generation;
2. Recognition that Continuation not Possible;
3. Preparing Business for Sale to Maximize
Value of Business
D. External Sale of Business to Outsiders
1. Case Example - Hypothetical;
2. Purchase and Sale of
Corporation - Key Business Issues;
3. Structure of Sale;
4. Implementation and Documentation of Sale
E. Questions and Answers.
LLC's & FLP's WORKSHOP:
Beyond The Estate & Gift Tax Issues: -
A detailed analysis of Formation, Operational, and Dissolution Issues
- (Leo Cushing, Esq., LLM, CPA and Brian Hamel, Esq.)
Time: 9-1 CEU's .4
Among the Topics to be covered will be the following:
Entity Classification and choice of entity: LLC or Limited Partnership;
Avoiding Gain on Formation; Avoiding Gift on Formation: Using Voting and Nonvoting Membership Interests;
Single Member LLCs and Asset Protection; Forum Shopping: Delaware or Massachusetts?; 704(b) Allocation of Gain
upon sale of partnership assets; Maintaining Required Capital Accounts; Contribution of Property to Partnership
With Debt and Allocation of Basis; Determining holding periods; Discussion of a Profits Interest; Computation of
Fair Market Value of Gifted Shares; Allocation of Basis to Gifted Shares; Computation of Basis of Partnership Assets;
Determination of Basis of Partnership Interest; Tax Consequences of Sale of Partnershiip Interest; 754 Basis Adjustments;
Tax Consequences of Death on Ownership Interest in Limited Partnership or LLC; Liquidation of Partnerships; Avoiding Gain
on Distribution of Appreciated Property to Partners; The Seven-Year Rule Under IRC § 731.
MEDICAID PLANNING UPDATE
MEDICAID PLANNING IN MASSACHUSETTS **
– (Todd Lutsky, Esq., LLM)
Time: 9-1 CEU's .4
The Medicaid Planning Survival Guide includes new Annuity Rule Changes, Planning with Promissory Notes,
and much more (365 + Pages with New Sample Irrevocable Trust)
1. Mass. Medicaid Update - Deficit Reduction Act of 2005 as Adopted by
Massachusetts Regulations and Related Planning
Opportunities.
2. Medicaid Update - Federal Deficit Reduction Act of 2005 and Related New Rules.
3. Medicaid Update - Deficit Reduction Act of 2005! New rules coupled with old rules and related
planning opportunities.
4. A Primer on Income, Gift and Estate Tax Consequences of Life Estates and Whether or Not They Should Still
Be Used as a Planning Tool.
5. Repeal of Expanded Estate Recovery Rules and A Return to Probate Estate Recovery and a Review of the
Old & New Rules & Remaining Opportunities.
6. DISCUSSION AND ANALYSIS.
7. Changes to the Treatment of Married Couple's Assets When One Spouse is Institutionalized.
8. New Appendix / Valuable Reference Materials & New Sample Irrevocable Trust.
9. New 2009 Medicaid Numbers.
LIVING TRUST ADMINISTRATION: Bringing it All Together
- (Joel Bernstein, Esq., CFP)
Time: See Seminars for time CEU's .4
Join us for this how-to-workshop designed to help you with the trust administration process on the death of the single
settlor and the first spouse in a married case. You will learn what clauses to look for in the trust, how to educate
the client concerning trust administration, how to deal with assets outside the trust, how to do an accounting,
use of disclaimers and the use of the administrative trust and income tax issues related to funding. Through
checklists and forms, this workshop will help you create a practical system for administering the living trust
after a death. This workshop will not spend extensive time on sub-trust funding.
Objectives: * Develop an understanding for a systematic approach to trust administration.
* Learn to administer a single person trust. Understand how to administer a married-person trust on the first death.
* Recognize key provisions in the trust instrument.
Major Topics: * Examination of how to read trust instruments. * Review of trust documents for
key provisions. * Preparation of trust accountings. * Use of chronological checklists for trust administration. * How
to educate the client. * Tax issues related to funding. * Use of the administrative trust. * Dealing with the
"stale" trust. * Disclaimers in post-mortem planning. * Creating trust memoranda. * Creation of trust allocation
agreements. * Forming a team among professionals.
Certificate in Trust & Estate PlanningTM
TRUST BASICS (The Key to Understanding) Definitions/Types of Trusts;Case Study, etc.
- (Joel Bernstein, Esq., CFP) Time: 9-1 CEU's .4
*What is a Trust? *The Revocable Trust: *Basic Trust Created Under Will. *Nominee Trusts. *What is an Irrevocable Trust?
*Trust Administration.
*Tax and Non Tax Reasons for Establishing a Trust. *Section 2503 Trusts; Crummey Trusts; QPRT; CRATrust.
*Intentionally Defective Trust. *Trusts as S Corp Shareholders. *Charitable Trusts. *Dynasty Trusts.
*Glossary of Terms. *Questions and Answers.
FED. & MASS ISSUES (706 & Mass.706): With Practical Example & Estate Planning Essentials
- (Todd Lutsky, Esq.) Time: 9-1 CEU's .4
Join Todd in this exciting walk through of a Federal & Mass. estate.
*Filing Release of Liens, General Information & Elections;
*Real Estate - Schedule A; *Stocks & Bonds - Schedule B; *Mortgages, Notes & Cash - Schedule C; *Life Insurance - Schedule D;
*Joint Property - Schedule E; *Other Miscellaneous Property - Schedule F; *Lifetime Transfers - Schedule G; *Powers of Appointment - Schedule H;
*Pensions & Annuities - Schedule I; *Deductions: Admin. Expenses, Debts & Lossses - Schedules J, K, L;
*Bequests to Surviving Spouse - Schedule M; *Charitable Deductions - Schedule O; *Generation Skipping Transfers - Schedule R;
*Credits for Taxes on Prior Transfers, etc. - Schedule P & G; *Hypothetical Problem &
Federal & State Computations in Detail. *Questions and Answers.
ESTATE PLANNING –
Intermediate/Advanced - (Also Includes Asset Protection Materials)
(Daniel W. Doherty, Esq., CPA)
Two-day program: Each day - Time: 9-1 CEU's .4 for Each Day
Intermediate - Day 1
Proposed Legislation * Reducing Taxes: Planning & Lifetime Giving * Review of the Basics: Computation Example *
Examination of Typical Trust: General Marital, Special Marital, and Bypass Shares * Marital Deduction & Credit Shelter *
The QTIP * Selection of a Trustee * Disclaimers *
Advanced - Day 2
Generation Skipping * The Irrevocable Life Insurance Trust *
The Estate Tax Freeze * Retirement Plans Problems * S Corporation Problems * Buy and Sell Agreements * Questions and Answers.
INCOME TAXATION OF TRUSTS & ESTATES - (Administration, Examples, Filled-in 1041 Forms)
- (Nancy Kelleigh, Esq.) Time: 9-1 CEU's .4
1. Definitions and General Filing Requirements for Form 1041. 2. How the Administration of an Estate Affects
the Preparation of the 1041 Fiduciary Return. 3. Estate Administration Procedural Checklist.
4. Decedents Final Return & Income in Respect of Decedent. 5. Income Taxation of Grantor, Simple, and Complex Trusts.
6. Computation of DNI with related 1041 Tax Return Examples.
