68th Tax Institute

2022 marks the 68th anniversary of the Tax Institute, offered by the University at Buffalo School of Management, the New York Society of Certified Public Accountants and the Erie Institute of Law.

This full-day seminar provides a means of reviewing and clarifying provisions and patterns of federal tax laws. The Tax Institute continues to provide practitioners with cutting-edge information regarding the substance and administration of tax laws.   

CLE: This continuing legal education course has been approved in accordance with the requirements of New York's Continuing Legal Education Board for a maximum of 8 CLE credit hours, approved for all attorneys. All sessions will count towards your credits with the exception of the lunch presentation, Retirement Plans - Legal and Fiduciary Update. Florida CLE credit is pending through the Florida Bar Association.

CPE: The Tax Institute is authorized by the State Board of Accountancy to be a sponsor of continuing education programs for New York State certified public accountants and/or public accountants under Section 7409 of the Education Law and Section 70.6 of the Commissioner's Regulations under Sponsor ID #001414. Full attendance at the institute will earn 9 CPE credits for participants.

All sessions attended will count towards CPE credits in the area of Taxation, including the lunch presentation.

For CLE credits, all sessions except the lunch presentation will earn credits in the area of Professional Practice.

8:30 – 9:40 a.m.
Federal Tax Update
A review of the latest developments in Federal taxes for the year 2022, including cases, regulations, laws, and administrative materials.

• Gary D. Borek, Esq., Gary D. Borek, LLC

9:40 – 10:50 a.m.
Recent Developments in Offshore Voluntary Disclosure and Foreign Financial and Tax Reporting
Congress has recently armed the IRS with substantial funding to dramatically enhance its enforcement capabilities, particularly with respect to offshore financial reporting compliance.  In this session, we will explore the different types of foreign financial and tax reporting obligations that exist for both individual taxpayers and business entities. We will review the recent changes with respect to the IRS Campaigns and voluntary disclosure programs associated with foreign accounts or assets. We will also address practical considerations in dealing with today’s IRS when assisting clients coming into compliance with their reporting and filing requirements.

• Randall P. Andreozzi, Esq., Partner, Andreozzi Bluestein LLP

10:50 - 11:05 a.m.
Break

11:05 a.m. – 12:15 p.m.
The Importance of Wills and Trusts

Asset protection focused on last will and testaments, revocable and irrevocable trust and will substitutes, utilizing life estates, totten or tentative trusts.  Asset protection techniques and pitfalls you need to know to add value to your client's Estate Plan.

• Anthony S. Pecoraro, Esq., Antonino S. Pecoraro, P.C.

12:20 – 1:10 p.m.
Lunch presentation: Retirement Plans - Legal and Fiduciary Update (CLE credit is not available for the lunch presentation)
Extensions in required amendment deadlines, proposed regulations for required minimum distributions, ESG investing, cryptocurrency in retirement plans, and missing participants will be discussed.  A fiduciary litigation update and DOL cybersecurity guidance will be provided as well as changes to EPCRS voluntary correction programs and possible legislation affecting retirement plans

• Amy P. Walters, Esq., Partner, Hodgson Russ LLP

1:15 – 2:25 p.m.
Hot Topics in Tax Controversy and Enforcement
The new legislation is going to dramatically increase all areas of tax enforcement.  This session will highlight defenses and solutions to IRS collection, and provide some key points in the civil audit and criminal tax areas of practice.

• Gary Bluestein, Esq., Partner, Andreozzi Bluestein LLP

2:25 – 3:35 p.m.
State and Local Tax update
The world of state and local taxation continues to evolve as taxing authorities implement new laws and update existing taxing regimes to address the changing business landscape across the United States. This session will address the tax challenges companies face doing business in multiple jurisdictions, including recent developments in the areas of nexus, sales and use tax and income and non-income-based taxes.

• Thomas E. Mazurek, Jr., CPA, Partner, Tronconi Segarra & Associates LLP
• Daniel P. Kelly, Esq., Partner, Hodgson Russ LLP

3:35 - 3:50 p.m.
Break

3:50 – 5:00 p.m.
New York Tax update
Enjoy a fast-paced discussion of "hot" New York State tax developments, including the 2022-2023 Budget Bill and other new legislation. In addition to a review of new cases, legislation and administrative rulings, this presentation will also discuss the State's extremely successful audit programs regarding residency, nonresident income allocation and sales tax. We will also discuss nexus issues for business, especially those selling over the internet and those allowing employees to telecommute.

·         Joseph N. Endres, Esq., Partner, Hodgson Russ LLP 

The Tax Institute planning committee is responsible for planning, coordinating, implementing and producing the highly successful event. 

Co-Presidents:
Kelly Marks, Esq., Phillips Lytle LLP
Bruce Zgoda, CPA, Zgoda & Associates CPAs P.C.

Members:
Gary Bluestein, Esq., Andreozzi Bluestein LLP
Tom Mazurek, CPA, Tronconi Segarra & Associates LLP
Cassie Nguyen, CPA, UB School of Management
Martha Salzman, Esq., UB School of Management
Steven Sanders, CPA, Steven Sanders CPA

A link to the materials will be emailed to you shortly before the event. 

The registration fee covers packaged breakfast and lunch, snacks, program materials and your choice to attend live or via Zoom.

Early Bird: $275 (through Oct. 22)
Regular: $300 (Oct. 23 - Nov. 3)

Registrations can be made by calling the Erie Institute of Law at 716-852-8687 or visiting eriebar.org/events/cle-68th-tax-institute