Advanced Tax Law Updates

Faculty will discuss updates and developments along with:

Federal Income Tax Updates for Tax-Exempt Organizations- Brenda Ann Blunt, CPA, CGMA
During this session, attendees will come to understand the substantive changes to IRS forms 990, 990-PF and 4720; be able to identify the portions of the Inflations Reduction Act that significantly and directly impact exempt organizations, and discuss and prepare for areas of IRS enforcement focus.

Key Issues for Tax and Estate Planners- Otto S. Shill, III, Certified Tax Specialist, Gallagher & Kennedy

Otto Shill will cover several key issues that will be important to tax and estate planners during the 1-2 years including:

• Internal Revenue Service and U.S. Department of Labor programs for correcting qualified retirement plan compliance failures;
• The anticipated impact of the sunset of 2017 changes in gift, estate and income tax planning;
• The impact on trusts, estates and small businesses of the new federal Corporate Transparency Act (CTA) effective 1/1/24;
• How to use an Employee Stock Ownership Plan as a business succession tool.

State and Local Tax Law Updates and Developments- James G. Busby, Jr., The Cavanagh Law Firm PA
James G. Busby, Jr., a state and local tax partner at The Cavanagh Law Firm, will discuss the most recent updates in Arizona state and local tax law, including both 2023 Arizona tax legislation and recent Arizona tax cases, with an emphasis on the ADP case recently decided by Arizona’s Court of Appeals and how the court’s decision in that case could impact nearly every person and business in Arizona going forward, unless the Arizona Supreme Court overturns the Court of Appeals’ decision. 

Chair:
Mike Mitchell, Stenson Tamaddon LLC

Faculty:
Brenda Ann Blunt, CPA, CGMA, Eide Bailley LLP
James G. Busby, Jr., The Cavanagh Law Firm PA
Otto S. Shill, III, Certified Tax Specialist, Gallagher & Kennedy